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By Thomas L. Kesler

THE Cartersville mining district, 35 miles northwest of Atlanta, Ga., has been of varying but continuous importance in the southern mineral industry during the past century. Noted chiefly for its production of brown iron ore, manganese oxide ores, barite, sienna, and magnesian limestone, the district and its environs have produced brick and tile clays, slate, gold, bauxite, and graphitic schist. Minor deposits of serpentine, sericite schist, copper ore, and red iron oxide have been prospected. The obvious deposits of brown iron ore, together with some associated specular hematite, were mined out years ago, although a little ore was left in the workings. Moderately steady production of sienna reached a peak about 1930, then declined rapidly. Manganese mining passed through a relatively active period from the World War to 1931, but has subsided to a small but rather constant output for the Birmingham market. However, the White Manganese Corporation has prepared for possible increased production by constructing a new washer capable of handling about 300 tons of ore per day. Principal activity in the district proper has centered for some years in the production of barite and magnesian limestone. GENERAL GEOLOGY Geologic relations of the ore deposits of this district are more or less similar to those of many Appalachian districts. The lowermost Cambrian formation, heretofore called Weisner1 in this region, supposedly partly or wholly equivalent to the Erwin and Hesse quartzites as recognized to the northeast, is overlain conformably by the Shady [+] formation, also of Lower Cambrian age. In the Cartersville district, the sedimentary rocks of these formations were folded with increasing intensity eastward, and were recrystallized.

Jan 1, 1940

This excellent, concise paper by Dr. Iwasaki on the principles of selective flocculation for iron ores discusses many of the principles and problems which have occurred in our bench and pilot plant test-work. The use of sodium tripolyphosphate in combination with sodium silicate as a dispersant is very effective. However, this may cause a problem with the environmental groups as phosphorous is a nutrient. We have also established that the lower the Ca level in the pulp solutions the greater the dispersion. We have found that ores from the same geological strata, having the same general mineralogy and iron content will sometimes have widely different degrees of dispersion. There was-no difference in the gross mineralogy but the solubility of the Ca and SO ions was much less in the ores most easily dispersed. Research efforts should be directed towards a more practical means which would more easily enable one to predict the amount of dispersant required for the various ores. With regard to water quality we have found that waters having higher contents of SO4 and C1 ions hinder dispersion. This could be a method of controlling too much dispersion by the addition of sulfate or chloride ions. This would require further investigation. We have had no trouble with agitation speeds of up to 925 rpm in conditioning starch with the dispersed pulp prior to selective flocculation. We have found about 0.3Lb/LT of starch to be sufficient for selective flocculation on our ores. The increasing of the starch to 1.25Lb/LT has had no effect on the metallurgy of the selective floccula-

Jan 1, 1979

Thomas T. Read, New york, N. Y. (communication to the Secretary *):—At the meetings of English technical societies it not infrequently happens that, during the discussion of a paper, someone will arise to say that although he highly appreciated the material presented, nevertheless he believed it would have been better if some other phase of the question had been more highly emphasized. Assuming that this form of discussion is permissible in the Institute, I should like to reiterate the point made by Prof. A. J. Moses that conclusive proof of the identity of the minerals in question is an essential feature of the study of ores in this way. This is also expressed by Paul Krusch in his recent valuable paper on the sulphide ores (in which he arrives at conclusions diametrically opposed to those of Mr. Graton), as follows: "The diagnostic properties of the various ore minerals are known to but a limited circle of investigators." Many earlier investigators began the study of ores beneath the microscope by reflected light, but discontinued their work, in most cases, because they were unwilling to undertake the great amount of preliminary work necessary to securely establish a basis for their inferences. It is evident that Messrs. Graton and Murdoch realize that the promised later paper on diagnostic characters will be the more important of the two, but the point should be emphasized to forestall a flood of literature from other investigators who may gain the impression that the brief survey of polished specimens is a vade mecum to incontrovertible conclusions as to any given ore deposit.

Jan 1, 1914

By N. A. Ziegler

THE present publication is a continuation of the work on gas analysis, described in a paper presented before the Institute of Metals Division a year ago.1 While that paper was largely descriptive in character, dealing with the various parts of the apparatus and method of operations, the present one gives numerical data obtained as a result of a series of experiments with iron-carbon alloys. The apparatus and the methods applied are essentially the same as previously described, changes being only in minor details. Attention should be called to the fact that in the present work we are dealing with the gaseous mixtures obtained as a result of vacuum melting of various ferrous alloys. It should be understood that when the terms "degasified sample" and "products of degasification" are used, they refer to the sample remaining after the vacuum fusion of the alloy and the gaseous products removed therefrom, respectively. The writer does not wish to create the impression that the metallic products of this process are absolutely free from any gaseous elements, nor that the gases obtained are present as such in the original sample. These two points are not yet definitely known and are subjects for future investigation. The point, however, which has been established beyond doubt, is that all the gases dealt with come from the metallic charge and are present either in the charge as such, or are produced as a result of chemical reactions going on within the charge.. The suggestion that the gases are due to the reactions between the metallic charge and the refractory materials has no valid basis.

Jan 1, 1929

By Jack Fox

It is some time since these columns have contained a report to the members on just what is doing in the Society of Mining Engineers. Accordingly, even though it is now a month and a half after the Annual Meeting in Denver, it seems that a report on what transpired at the SME Board Meeting there is in order. First off, I'd like to say that the Members of the Society of Mining Engineers can be justly proud of their representatives on the SME Board of Directors. Of 21 members and officers on the "Old" Board of Directors, 19 were present. President Brower Dellinger chaired the "Old" Board Meeting. Of the 21 members on the "New" Board of Directors, every single one was present. James Boyd, the outgoing AIME President, attended and expressed his appreciation of the support that the Society of Mining Engineers had given him during his year as President of AIME. Members Multiply Robert S. Shoemaker, Chairman of the SME Membership Committee, pointed out that based on figures available, the Society of Mining Engineers had a net gain of 523 members during 1969 while SPE had a 490 net gain and The Metallurgical Society a net loss of 159. This is probably the first time in the last 20 years that anyone has exceeded the SPE net gain in membership. While SME still has a way to go to surpass the Society of Petroleum Engineers in number of members, we did have, on December 1, 1969, 16,369 members. However, 419 were dropped at the end of that month leaving us with a net for the year of 15,950.

Jan 1, 1970

Prior to any detailed discussion, I'd like to say that Dr. Aplan has made direct hits on two important considerations: 1) The most demanding need in Fine Coal research is to develop improved methods of sulfur reduction. 2) The areas of particle (impurity) liberation and froth flotation hold real near-term promise as techniques for improved sulfur removal. Digressing for a moment, I thin kwe can all remember the time when the biggest problem facing coal research was simply defined - "No money!" In the mid 70's we suddenly found ourselves dealing with a product worth five to seven times the value it carried in the mid60's. All of a sudden, we're talking about a high-profile, high- value commodity. The coal industry still hasn't made the complete psychological adjustment - especially in the operating areas (prep plants included). We have a valuable material at hand which is, in' many cases still being processed as though it were a two or three dollar per ton item. Simply put, I think that while the industry has made some major strides during this transition, a stronger commitment of attitude (and finances) needs to be made toward deeper definition of beneficiation work. Back to specifics - Dr. Aplan has really highlighted three areas where strong research efforts are needed. 1) Liberation processes - not limited to mechanical comminution - must be more fully studied.The industry certainly needs a better handle on value returned (improved ability to beneficiate) for dollars spent on improved liberation. 2) Flotation processes probably hold the most promise for near- term improvement in fine coal beneficiation technology. Dr. Aplan’s.

Jan 1, 1979

By D. W. Rudd, D. W. Vose, J. B. Vetrano

In an earlier paper the permeability character of Mo-0.5 pct Ti to hydrogen was described.' It was shown that this alloy is a more effective barrier to the passage of hydrogen than previously studied systems, i.e., copper,2 nickel,3 and several stainless steels.4 The permeability of Hastelloy B to hydrogen was investigated as a material having promising high-temperature structural properties which might have a low permeability to hydrogen. The general theory of permeation has been previously discussed,' and here only a summary of the more important results are given. It is found that except for very thin membranes, at low temperature, permeation of a gas through a metal barrier is determined by the rate of diffusion of the gas through the crystal lattice of the specimen, and that for hydrogen and the common diatomic gases, this passage involves dissociated particles as the diffusing species. The rate of permeation for hydrogen is therefore proportional to the square root of the pressure. It has also been found that the rate of permeation is inversely proportional to the thickness of the barrier. The apparatus used in this investigation was fundamentally the same as that employed in previous studies,' except that several simplifications result in the case of Hastelloy, since oxidation at the temperatures investigated is no longer a problem and welding of the specimen is relatively easy. A cross section of the membrane assembly is shown in Fig. 1. When finished, the assembly is about 5 in. long. The wall thickness is about 6 times the membrane thickness. The membrane (A) can be maintained at

Jan 1, 1963

The co-operation of the members of the Institute is earnestly sought by the Committee on Nominations, recently appointed by the Board of . Directors, in its work of formulating a ticket for officers and places falling vacant in the Board of Directors in February, 1916. The Committee must present the official ticket of nominations to the Board of Directors at its October meeting. Members are, therefore, urged to send promptly their nominations for officers and Directors in order that the Committee may have an opportunity to give them full consideration. The officers to be elected at the annual meeting in February, 1916, are: One officer, known as Director and President. Two officers, known as Director and Vice-President. Five officers, known as Director; The attention of members is called to Articles V and VII of the Constitution, and to By-Law XIII, which reads as follows: "The geographical districts to be considered by the Committee on Nominations shall he as follows, until otherwise ordered by the Board. District No. 1. New England, New York, and New Jersey, excepting New York City and district., which is provided for in the Constitution. (N. B.-New York City and district is designated District 0.) District No. 2. Pennsylvania. District No. 3. Ohio, Indiana, Illinois, Iowa, and Missouri. District No. 4. Minnesota, Wisconsin, and Michigan. District No. 5. Montana, North and South Dakota, Wyoming, Nebraska, Kansas, Washington, Oregon, Idaho, and Alaska. District No. 6. California and Nevada. District No. 7. Utah, Colorado, Arizona, and New Mexico. District No. 8. Louisiana and Texas. District No. 9. Other Southern States and District of Columbia. District No. 10. Mexico. District No. 11. Canada."

Jan 7, 1915

By H. D. Hoskold

This instrument, shown in Fig. 1, is not generally known, though it has been used in England, and found very practical, handy and useful in work not requiring a transit or theodolite. It is not only a good miner's dial, but a circumferentor as well; that is, it can measure horizontal angles like a theodolite. The magnetic bearings are conveniently read on the inward-beveled upper divided circle; while another circle, graduated on the base-plate, is used for reading the horizontal angles with a vernier. Two leveling spirit-bubbles are sunk in the same base-plate. The vertical divided semicircle is attached to the compact-box by two short axes, which permit the semicircle, with its plain sights, to be turned down to a horizontal position, and rest upon a pin, which relieves the axes from strain. This adjustment gives a clear view of the needle and vernier, and protects the instrument from injury, when carried through low mine-workings. A groove in the semicircle receives a sliding-bridge which carries the plain sights, and a vernier for reading vertical angles. A ball-and-socket-headed tripod is used; but sometimes the instrument is mounted on parallel-plates and level-ing-screws; and sometimes a telescope is attached, instead of the plain sights. The instrument is admirable for all such Mexican surveys as Mr. E. A. H. Tays describes ;l and saves so much time and labor as to be vastly superior to the less accurate hanging-compass called by him a " bully " instrument. If the hanging-compass was ever used in England, it has long since given way to more modern and superior instruments.

Jan 1, 1905

By John Kafritsas

INTRODUCTION Deformations and failure of rock masses in elopes, foundations or tunnels can be caused by water pressures. On the other hand, deformations of a rock mass affect the flow of water (and hence water pressures) by changing joint apertures. Including the coupling between flow and deformation effects is therefore important both in assessing the stability and deformation of a rock mass and in determining the amount of seepage taking place through it. The model that will be presented hare treats the coupling of the flow and deformation behavior of a rock mass. Deformations are modeled using the Rigid Block Method (Distinct Element Method) (Cundall, 19741, that is by assuming that the rock mass is composed of rigid blocks with deformable contact points. Flow is modeled by recognizing its discontinuous features, as occuring in a system of interconnected conduits formed by the joints. The program can also deal with problems involving free-surface flow. Example problems involving representations of rock masses are presented. Coupled flow modeling of interconnected conduits should be contrasted to equivalent-continuum models on the one hand and to pipe network models on the other hand. Continuous models substitute an anisotropically permeable continuum for the discrete flow that occurs in rock joints. Pipe or parallel plates represent the other extreme of existing models; they account for the discontinuous character of the flow problem, but cannot model rock mass deformation and failure. The coupled rigid block-flow model can eliminate most of these restrictions. The coupling between water flow and deformation is most pronounced in rock masses which, because of the arrangement of their

Jan 1, 1984

By E. J. Schmitz

This section was obtained last year during an examination of the iron-ore resources of the Rich Patch Mountain region and along Craig's creek valley. The geological members below the Oriskany and Lower Helderberg are exposed along the gap in a beautiful arch, while the higher formations appear in a more or less disturbed state on both sides of this arch, and are partly covered by dèbris. I have thought it of interest to the Institute to reproduce the drawing of this section at the gap which I made in my note-book at the time of my examination; those parts of the section, which lie at both sides of the arch, are only approximated. I give also a number of notes and measurements, referring to the Clinton formation and especially to the characteristics of the fossiliferous ore-seam opened in the various tunnels along the arch (see section). I. In Tunnel C: For the first 110 to 120 feet to second shute, we find the ore only here and there in small deposits, and interchanging with, or changing into, either a very siliceous limestone or a sandstone. About 10 feet beyond shute we have : Sandstone roof. Clay-slate, 211/2 inches Brown lean ore, 1 inch. Sandy clay, 3 to 31/4 inches. 1. Dark .brown ore, 3 inches. 2. Fossil-ore, changing into sandstone or very siliceous limestone, 2 inches. 3. Brown lean ore, 6 inches. Clay and slate below, 1 foot. 194 feet from entrance : Sandstone roof. Clay-slate, 4 inches. Clay 15 inches. Fossil-ore, 63 to 7 inches. Clay and ore, If inches. Lean brown ore, 2 inchea. Clay to bottom, 2 feet.

Jan 1, 1896

By A. A. Beard

ABOUT three years ago, I. L. Dunn, of Marietta, Ohio, found that wells could be cleaned by blowing with compressed air; this method has been used with great success on many wells in the Marietta, Ohio, district, where compressed air is being used to increase production, by forcing oil through the depleted sands. About a year ago, the process was successfully used to clean out wells in the Lenapah pool in Oklahoma, where an air plant had been installed, under the supervision of I. L. Dunn. Wells from 900 to 1000 ft. deep, with 40 ft. of sand and cavings in them, were cleaned out in from two to three days. The use of this process had, so far, been limited to properties using the Smith-Dunn process, where compressed air, under suitable pressure and volume, was available. For other properties, a portable compressor seemed essential; this was built and successfully demonstrated by Mr. Dunn, for the Tidal Oil Co. in September, 1924. The process of cleaning out with air has been described.1 It consists of lowering the tubing into the well, with a shoe or nipple of heavy pipe substituted for the perforated anchor on the bottom. Into the tubing, compressed air is introduced through a rotary swivel hose at the top, or by means of swing connections. The tubing is lowered to the top of the cave to be cleaned out, several barrels of water are put into the hole, and the compressed air is turned on. This blows out the material between the casing and the tubing, the tubing being lowered as the material is removed.

Jan 9, 1925

By Thomas Crowe

Much has been written upon the precipitation of metals from cya-nide solution by zinc. We often read of the many factors that influence precipitation, such as zinc surface, purity of zinc, percentage of lead, temperature of solutions, strength of solutions in cyanide or alkali, etc. Little do we hear, however, of the part that oxygen plays in precipitation. Caldecott1 says: "As the dissolving of gold is essentially an oxidation process, so its precipitation is one of reduction." All who have studied or worked with cyanide solutions will agree that Caldecott's statement is true. In the cyanide work in the mills of the Portland Gold Mining. Co., we have always found oxygen to be the greatest enemy to precipitation. OXYGEN ANTAGONISTIC TO GOOD PRECIPITATION A few years ago, while making some experiments on the effect of pressure upon the dissolving rate of gold front our ores, to prove a point, I made some bottle tests under vacuum. The results were surprising, and showed that under vacuum practically no gold dissolved, which confirmed my belief that Elsner's equation was true and also led me to investigate the amount of dissolved air carried by solutions at atmos-pheric pressure. The experiment consisted in partly filling an acid-bottle with mill-solution and connecting it by a rubber hose to a vacuum pump. When the vacuum was suddenly applied, a cloud composed of. thousands of small air bubbles rose out of the solution, showing qualitatveily the . amount of dissolved air that was contained in the solution, and also proving that the relief of atmospheric pressure on the solution permitted this dissolved air to escape.

Jan 8, 1918

By John V. Beall

With some difficulty we framed the picture of the village on the mountain getting in the railroad bridge and tunnel at the base. It was a charming scene of red-tile roofs on a green mountain in the golden autumn sunshine with the black hole of the railroad tunnel looking like something out of the movie, "The Train." We clicked the shutter, advanced the film and started back to our rented Audi. At which point there was a hail from the other side of the railroad bridge. A man in uniform was brandishing an object in the air which looked suspiciously like a rifle. We peered around. We were the only other persons in view. He must be yelling at us. He was now closing the distance at a brisk, determined gait but was still 100 yards away. The car was handy but the road was straight, paralleling the railroad tracks for some distance. We dismissed the idea of running for it. Who knows, he might shoot. When he came up we didn't have much of a conversation because it had taken us a week to learn three words of Yugoslavian-zhiveli, long life, huhvalla, thank you, and schlivavitza, the national drink (plum brandy). None of these seemed appropriate. We got the Idea that photographs of railroad tunnels and bridges were prohibited. The guard, for such he seemed to be, took the Audi plate number, administered a last scowling reprimand and stalked off. This incident was the only one in a 15-day visit to Yugoslavia which we would have associated with "Iron Curtain restrictions."

Jan 1, 1970

By K. G. Black, B. P. Faulkner

Laboratory batch flotation rests are used for comparison of the floatability of ores and for comparison of the effect of various treatments on ore floatability. Although it is difficult to predict exact recoveries for continuous flotation on the basis of batch tests, considerable quantitative information can be obtained through their use. A simple method is presented which provides a convenient means of quantitatively evaluating results from laboratory batch tests. The information obtained is in the form of a discrete flotation rate distribution, which, if desired, can be used directly in a simulation of continuous flotation. Equation of Batch Flotation The validity for batch flotation of the first-order kinetic equation is accepted: [ ] where k is flotation rate of a class of articles and W (t) is weight of particles of the class in cell at time t. Thus, at time t, the fraction of the original amount of the class of particles still remaining in the cell is [ ] where W (0) is weight of class of particles in cell at time zero. If there are several classes of particles in the cell, each with its own flotation rate, k4, the fraction of the particles remaining is [ ] where W (t) is now the total weight of n classes, a, being the original fraction of W (0) belonging to the ith class. Accordingly, [ ] [Fig. 1] shows the result of a typical batch test. Such result can be characterized by a set of particle classes, each set described by a flotation rate, [ki,] and a corresponding fractional magnitude, [ai.] [ ] Multiple Regression Equation Eqs. 3 and 4 may be combined to give

Jan 1, 1973

By Claude H. P. Lupis, John F. Elliott

QUITE generally an increase in the temperature tends to bring a system closer to ideality. It is reasonable as a first approximation to consider that the excess free energy will vary linearly with the temperature, or: where t may be defined as the "characteristic temperature" of the solution, or the temperature at which the system would become ideal if the results at T were linearly extrapolated. It must be emphasized that consideration of this hypothetical property is an appeal to intuition rather than an established physical concept. The order of magnitude of 7 for dilute solutions will depend on the nature of the solvent; a value of 3000° + 1000°K may be suggested for ordinary metallic solutions. In terms of free energy, entropy, and enthalpy first-order interaction coefficients, differentiation of the above equations with respect to composition leads to The concept of t offers a simple and plausible interpretation of Chipman and corrigan's3 recent empirical correlation between and a for a number of groups of ternary systems 1-24. The authors found that in each group the ratio was approximately constant. The corresponding calculated from their data by Eq. [4] are listed in Table I. The expected order of magnitude is obtained for 7. As noted by Darken,4 if a regular solution is not assumed, thus if utj) # 0, Chipman and Crrigan's results imply that, as T is increased, ultimately changes in sign, Fig. 1. Clearly Eq. [4] is valid only in a limited range of temperatures since at the temperature 7 at which the system becomes ideal not only should become null but also and . Thus, both and are functions of

Jan 1, 1967

By M. G. F. Söhnlein

In a Bolivian tin concentrator an appliance was needed to furnish a suitable product for fine jigging from a pulp of the following composition: Mesh Per Cent. + 20 8.0 40 36.5 + 60 9.0 + 80 10.5 + loo 5.5 4-150 1 4.5 -150 25.0 99.0 Loss 1.0 In the jigging process, particles of cassiterite as small as 0.1 mm. can be recovered, provided they are not present in excess, that is if the material treated on the jigs contains sufficient coarser sands to keep the interstices between the grains open. Removing the fine material from the pulp by screening, to prepare the jig feed, is impractical, because that means the use of an 80-mesh screen or finer, and is not as effective as hydraulic classification. A screen would eliminate mineral grains from the feed which can be recovered by jigging, and in addition would throw more gangue and low-grade middling on to the jig. Formerly a one-spigot Richards vortex classifier had been used to accomplish this separation, but the tangential openings through which the hydraulic water enters became clogged by fine vegetal matter with which the water was contaminated, and which it was impossible to remove from the water. Consequently the work of the classifier was imperfect and a good deal of slime was sent to the jig. When designing the plant referred to in this paper it was decided to use a hydraulic classifier as shown in Fig. 1. The essential features had been copied from the Anaconda classifier.' This remodeled classifier consists of a truncated pyramidal wooden hopper A with an attachment of cast iron

Jan 1, 1917

Problems discussed and research opportunities identified during the workshop in the major areas of 1) flocculation, 2) flotation, 3) leaching and magnetic separation are summarized below. I. FLOCCULATION Problems Practical problems caused by unintentional flocculation or dispersion were described in the papers that dealt with iron ore processing, selective flocculation, fine coal processing, phosphate processing and potash processing. Ideas generated during the discussions ranged from the very practical suggestion that a conscious effort be made to transfer knowhow from the experienced clay industry to the metals and fuels-from-slimes industry. . . , to the familiar appeals for omnipotent theoretical developments. There was surprising recurrence of some questions in many contexts. Recurring questions are emphasized here rather than commodity-specific problems because their answers would serve a wider clientele usage. There is indeed no objection and some advantage to commodity-specific research, however, provided the proposed project is planned with full cognizance of transferable knowledge in other commodities, and of the possible usefulness of these results in other areas. Research Needs Most of the questions or research opportunities can be classified into three groups: a) water chemistry, b) dewatering, and c) flocculation theory. Other classifications are possible and probably useful. In each group there is a clear need for outwardly esoteric theoretical research a clear application of that work to current practical problems. Higher priority should be given to proposals for theoretical research which explicitly show the expected ultimate usefulness of the result. Likewise, proposals for applied research should demonstrate cognizance of applicable theory. Both of these types of projects could profit from collaboration among industrial, university and government personnel.

Jan 1, 1979

By Reginald S. Dean

THE commercial availability of electrolytic manganese has greatly changed the position of manganese as a nonferrous alloying metal. Manganese metal commercially available up to about ten years ago was reduced with either silicon or aluminum and contained substantial amounts of the oxides of these metals and other impurities. Manganese was accordingly not available as an alloy base and its addition to copper-base and nickel-base alloys was generally limited to a manganese content of a few per cent. Several special alloys like manganin contained up to 12 pct of manganese. A method for the production of electrolytic manganese was developed by the Bureau of Mines in 1936 and commercial production was begun in 1938. At the present time (June 1951), production is about 12 tons per day but appears likely to be substantially increased. Electrolytic manganese is deposited from an aqueous electrolyte containing manganese and ammonium sulphates and is marketed as cathode fragments about 1/8 in. thick. The impurities in its composition are as follows: iron, 0.0015 pct; copper, 0.001; arsenic, 0.0005; cobalt, 0.0025; lead, 0.0025; molybdenum, 0.001; sulfide sulfur, 0.017; sulfate sulfur, 0.014; insoluble, 0.002; carbon, 0.002; hydrogen, 0.015. These figures are from Bulletin 463, U. S. Bureau of Mines. From an alloying standpoint, the most important impurity is hydrogen. This can be removed by heating; 95 pct of the hydrogen can be removed in this way without introducing significant amounts of oxygen or nitrogen. Much of the commercial electrolytic manganese used in alloys is dehydrogenited by the producer, since the amount

Jan 1, 1953

By John Dilworth

IN considering the valuation of industrial properties in general, and of developed coal properties in par-ticular, it is assumed as fundamental that they have but one true value regardless of the object for which they are appraised. As regards developed coal lands, this value is only very approximately indicated by the recent sale price of neighboring lands, for the reason that it is rarely possible to find a sale of a coal property sufficiently similar in essential mining conditions to the one under consideration to serve as a measure of its value; and if such a one is found there are frequently incidental conditions peculiar to this particular transaction which invalidate the use of the sale price as a measure of general values. The true measure of the value of a coal mining opera-tion is the amount and rate of earnings it will afford with intelligent and experienced management. Prac-tically all of the features of a property which are gen-erally recognized as affecting its value relate either to the cost of producing the coal, or to the price it will bring, and so are intimately associated with earnings. In practice it is customary to appraise those portions of a developed coal property which are produced -by the industry of man-mine plant, equipment, development, town, etc.-at their cost of replacement at prevailing prices of materials, machinery, and labor, with such deductions for age, condition, obsolescence, and lack of usefulness as conditions warrant. Surface is appraised at the estimated cost of similar land in the district. Coal value is the difference between the worth of the entire property; considered as an industrial unit and

Jan 9, 1927