An Indiana man with 47 guns and stocks of ammunition was arrested after threatening to go into a local elementary school and 'kill as many people as he could before police could stop him'.

Von Meyer, 60, was arrested on Friday after his wife called Cedar Lake police after he threatened to set her on fire and continue his violent spree by attacking a nearby elementary school.

The loaded threat came the same day that a young man killed 20 children and seven others in Newtown, Connecticut.

When police arrived at Meyer's home, they found 47 guns and ammunition, the sum of which cost more than $100,000. 

'Through investigation, police learned that Meyer reportedly had a large number of weapons hidden throughout the two story historical home

Meyer allegedly said that he was going to light his wife on fire once she fell asleep. His plan didn't end there, however, as he