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Jan 1, 1963

Jan 1, 1959

CYRIL STANLEY SMITH, Chairman CARL E. SWARTZ, Past-Chairman ARTHUR PHILLIPS, Vice-Chairman E. E. SCHUMACHER, Vice-Chairman H. A. MALONEY, Treasurer FRANK. T. SISCO, Secretary 9 West 39th Street, New York, N. 1. Executive Committee 1944 1945 WILLIAM C. ELLIS C. S. BARRETT ALAN MORRIS T. A. WRIGHT KENT R. VAN HORN L. L. WYMAN

Jan 1, 1943

By Carl Henrich

Jan 1, 1893

Jan 1, 1968

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Jan 1, 1938

Jan 1, 1904

Jan 1, 1901

Executive A R LEDOUX, Chairman ARTHUR S DWIGHT CHARLES F RAND E P MATHEWSON J V W REYNDERS Membership E DEGOLYER, Chairman W Y WESTERVELT, Vice-chairman WILLIAM H BASSETT H G MOULTON C MINOT WELD Finance WALTER H ALDRIDGE, Chairman GEORGE D BARRON GALEN H CLEVENGER Library GEORGE C STONE,' Chairman JOHN H JANEWAY ALEXANDER C HUMPHREYS, ROBERT LINTON FREDERICK F SHARPLESS

Jan 1, 1923

Jan 1, 1938

Jan 1, 1938

George H. Abeel, Hurley, Wis. (communication to the Secretary) : Doubtless Mr. Boss did not mean to be understood as saying that the dikes of this range are everywhere overlaid with iron-ore. I know of places where the dark, massive dike is found near the surface, but no ore is found on it. And his statement (p. 557) that a wherever the slightest inclination is shown it is always to the east," should be modified to " usually." There are several instances of a westward pitch, e.g., at the Palms, Newport and Odanah properties, and also at the Montreal mine, where we encountered in the ore a small dike pitching west. Mr. Boss's statement (p. 559) that. the ore of the Pence mine lens " has all been removed from the Pence and Father Hennepin lands, and practically from the Montreal property, and is now being wrought by the Montreal Mining Company on the ' Sec. 33' property," does not convey the exact state of the latter company's operations. We are still mining ore on the Montreal property from the lens referred to, and expect to continue doing so for some little time to come. On the other hand, we are getting a shaft down to the ore on the " See. 33 " property, but ye have not yet encountered the dike. This can hardly be considered as working the ore. I do not understand upon what evidence Mr. Boss can consider the correctness of a previous hypothetical location of the dike to have been established " within 2 feet," when the dike has not yet been reached. Possibly he has been misled by hearsay reports.

Jan 1, 1898

By N. P. Pinto

Compacting below the recrystallization temperature was studied. Ideal density was attained at 550° to 600°C using 25 tsi. Compacts have strength and hardness higher than cold worked beryllium. The recrystallization temperature of this highly stressed metal is that of cast, cold worked beryllium and appears independent of pressing temperature. THE process metallurgy of beryllium is beset by many difficulties that hinder the production of sound beryllium shapes of controlled properties. Most of these obstacles are traceable directly to the low density, low ductility, and high affinity for oxygen of the metal. Castings are susceptible to cracking and porosity, and controlled grain size is not easily attained, yet is critical to further working. Any process must carefully avoid oxygen pickup. Conventional metallurgical processes, including melting, casting, forging, rolling, and extruding have been treated previously,'" as have the conventional powder metallurgical methods.' More recently, a method has been advanced for producing powder compacts of high density by hot pressing at 1000" to 1100°C, using pressures of 0.25 to 0.5 tons per sq in. (tsi).3 Here, Seybolt and coworkers attained theoretical density of 1.85 grams per cc using pres-sure-temperature combinations of 500 psi-1100°C, 750 psi-1075"C, and higher. The warm pressing of beryllium is a practical method for producing bars of controlled properties and appears to have certain advantages, particularly when high strength and hardness are required. Other investigators have studied the hot pressing of various pure metals, such as copper,"-" gold," iron,10-11 and aluminum." Their results indicate that ideal densities may be attained by compacting at temperatures less than 50 pct of the absolute melt-

Jan 1, 1955

By Max Ball

AN intelligent discussion of the oil situation and its needs, whether from the standpoint of the prospector, the operator, the engineer, or the public administrative officer, must be founded upon a knowledge of the law under which oil lands are obtained. A consideration of new legislation must be prefaced by an understanding of the present law and its results. This paper undertakes to present no new remedy for the ills of the present situation, no new solution of the problems the oil business is facing. It attempts merely to summarize the present law, its provisions, its origin, its development, and its effects. The discussion does not pretend to be exhaustive from a legal standpoint. It aims to avoid legal intricacies Which tend to confuse rather than clarify. It seeks but to present the essentials of the existing situation. The title to government lands known to contain valuable deposits of petroleum may be acquired only under the terms of the placer law as embodied in Section 2329 et seq. of the Revised Statutes. As a preliminary to considering the desirability of this situation it is profitable to examine into its origin. ORIGIN OF THE LAW Congress has left no room for doubt as to the legal applicability of the placer law to oil lands. The Act of Feb. 11, 1897 (29 Stat., 526), provides: "that any person authorized to enter lands under the mining laws of the United States may enter and obtain patent to land containing petroleum or other mineral oils, and chiefly valuable therefor, under the provisions of the laws relating to placer mineral claims."

Jan 6, 1914

By C. W. Washburne

FORMER studies of sedimentary strata have been based upon the mineralogical and mechanical characters of the solid components, rather than upon the open spaces between them. For present purposes let us take another point of view, and consider not the rock material, but rather its cavities, the pores and the fissures or cleaved joints which connect with them. Let us think of the geologic column not as a series of rocks, but as a mass of irregular connecting capillaries. Different parts of the column may be distinguished by the absolute size and by the relative amount of its open spaces. Porosity Each stratum of the column is characterized by a certain porosity, which would be independent of the size of the rock grains if all were of the same shape. Slichter has shown that the percentage of open space in a pile of equal spheres is practically constant regardless of the diameter of the spheres. This is approximately true of clean, assorted sand or gravel, but it is far from being the case with most natural sediments which have a widely variable porosity, the magnitude of which is determined mainly by the amount of fine and of secondary material between the larger grains. The shape of the grains materially affects porosity, round grains leaving more open space than angular or flat grains. The thin plates of kaolin and the fine plastic matter of clay fit quite perfectly when pressed together, and it is probably this close fit, determined by shape of grain, rather than the small size of a grain, that causes the low porosity of ordinary clay shale.

Jan 9, 1914

By H. J. Polta, R. W. Michelson

Discounted cash flow analysis is commonly used to evaluate the profit making potential of a business venture. The same method can be used to analyze the effects of varying physical and economic conditions upon the real cost of supplying a mineral commodity. If a fixed rate of return on a capital investment is specified, and the flow of cash, discounted at that rate, is just adequate to repay the investment over the life of the venture, the net present value of the venture is zero. At this condition it is possible to evaluate the unit cost of producing the mineral. It will be exactly equal to the selling price required to calculate a zero present value. Increasing a particular cost factor will not always increase the cost of supply by the same amount. For example, in iron production from magnetic taconite, an increased cost per ton associated with beneficiation would be integrated into the discounted cash flow model along with local, State, and Federal taxes, depletion and depreciation allowances, resultant increased unit recoveries, and all of the other related component cost factors. Rather than adding to the cost, the factor may have a positive, instead of a negative, effect on the discounted cash flow and cause a decreased cost of supply. This value can be determined by a computer model which iterates the necessary selling price until the net present value is essentially zero. The discounted cash flow evaluation model lends itself particularly well to an application of the Monte Carlo simulation method for calculating a probability distribution of iron unit cost resulting from the probability distributions of the component cost factors.

Jan 1, 1969

September 1 to 6, 1918 COMMITTEE IN CHARGE Spencer Penrose, Chairman. George M. Taylor, Vice-Chairman. A. E. Carlton, Chairman. Finance Committee J. Dawson Hawkins, Secretary DENVER COLORADO SPRINGS CRIPPLE CREEK Finance Finance Thomas B. Crowe T. B. Stearns A. E. Canton , E. P. Arthur, Jr. Richard A. Parker Spencer Penrose N. S. Greensfelder T. B. Burbridge George M. Taylor A. E. Carlton. A. L. Blomfield, Treasurer B. F. Hill Arrangement I F. G. Willis Dave G. Miller Registration Norris E. Eads Frank Bulkley Loren C. Lennox 1V. E. Ryan Geo. E. Collins Horace F. Lunt Fred Jones .1. M. Tippett F. D. Smale Entertainment J. H. Haynes F. H. Bostwick Arrangement and Entertainment L. W. Lennox F. E. Shepard George M. Taylor A. L. Blomfield M. R.. Valentine Howland Bancroft J. D. Hawkins Thomas B. Crowe B. P. Morse A. E. Carlton E. P. Arthur J. G. Perry G. H. Clevenger Etienne A. Ritter Ladies Ladies , PUEBLO Mrs. T. B. Stearns, Mrs. C. M. Taylor, Mrs. C. H. Clevenger J. F. Welborn Chairman. Chairman H. B. Carpenter Mrs. C. Loughridge Mrs. S.-Penrose Mrs. A. E. Carlton L. B. Eames Mrs. H. Bancroft Mrs. J. D. Hawkins Mrs. A. L. Blomfield F. Robinson Mrs. G. Bancroft Mrs. L. C. Lennox Mrs. J. M. Tippett . Mrs. W. D. Leonard Mrs. H. F. Lunt -Mrs. E. C. van Diest Mrs. C. Chase Mrs. E. A. Ritter Mrs. AV. Strieby Mrs. F. H. Bostwick Mrs. L. S. Harner Mrs. C. L. Bailey Mrs. F. Bulkley Miss F. Dickerman Mrs. E. P. Shove Mrs. C. L. Tutt Mrs. F. C. Peck Mrs. F. D. Pastorius

Jan 10, 1918

Jan 1, 1967

Jan 1, 1920

Jan 1, 1934