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The Joint Economic Committee's subcommittee on international payments and exchange has recommended that, following international monetary reforms, the law which prohibits private possession of gold by American citizens be repealed. The subcommittee recommendation called for reforms to enhance the role of special drawing rights in international monetary affairs and downgrade the role of gold. Special drawing rights, also known as "paper gold", are on artificial reserve with the International Monetary Fund (IMF) which distributes them to member nations in proportion to their economic importance in the world economy. The special drawing rights are then used to settle debts between nations in the same manner as gold or currency. The subcommittee said that under the reforms now being discussed special drawing rights would be acceptable in lieu of gold among the member countries of the IMF.

Jan 1, 1973

The meeting of the Board of Directors, on November 22, was attended by eight directors, the Secretary of the Institute, and eight guests. The proposed James Douglas Prize and Tablet was referred to a committee of eleven. Robert H. Richards was appointed representative of this Institute to attend the meeting of the Society for the Promotion of Engineering Education. J. V. N. Dorr was made chairman of the Finance Committee in place of George D. Barron, resigned. The sum of $200 was appropriated for the 1918 expense of the American Engineering Standards Committee; the question of an appropriation for 1919 was referred to the Executive Committee for study and report. The sum of $50 was appropriated to the Treasurer's clerk. The following representatives of the Institute were elected: W. L. Saunders to succeed himself as United Engineering Society Trustee; R. M. Raymond to succeed himself as member of Engineering Foundation Board; S. J. Jennings to succeed himself as member of Engineering Council; George F. Kunz to succeed himself as member of Engineering Council; C. F. Rand to succeed himself as member of John Fritz Medal Board of Award; E. Gybbon Spilsbury to succeed himself as member of the Library Board. To members of the Canadian Mining Institute residing in Canada or Newfoundland, the privilege was extended to subscribe to the Bulletin at the price of $5. An invitation was extended to the Mining and Metallurgical Society of America to consolidate with the American Institute of Mining Engineers. The appointment of Engineering Societies' Employment Bureau was reported. Thirty-nine members and ten associates were elected. Two members were reinstated. Extension of time for the payment of clues was granted to four members. Seventeen members on active duty at the front had their dues remitted.

Jan 1, 1919

The official Institute reports for the year 1929 were distributed in pamphlet form at the Annual Meeting, February, 1930, and were later included in Section 2 of Mining and Metallurgy, June, 1930, and thus made available to the entire membership. Membership In its report the Admissions Committee set forth the changes in membership during 1929, as follows: Total membership, Jan. 1, 1928, 8582; elected and placed on rolls in 1929, including 59 reinstatements, 509; loss by resignations in 1929, 88; loss by death in 1929, 110; loss by suspension in 1929, 37; membership at end of year not including Student Associates, 8856. Distribution of membership: Honorary Members, 16; Members, 6590; Junior Members, 38; Associates, 1041; Junior Associates, 1033; Rocky Mountain, 138; total membership, Jan. 1, 1930, 8856; Student Associates, 150; total including student associates, 9006. Treasurer's Annual Report, Year of 1929 Statement of Receipts For the year ended December 31, 1929 Dues: Arrears............................................ $ 3,501.75 Current............................................ 97,257.12 New Members...................................... 5,721.50 Advance........................................... 1,970.79 $108,451.16 Initiation Fees.................................................. 7,436.00 Magazine Receipts: Advertising Gross Receipts........................... $40,610.81 Magazine Sales..................................... 3,799.84 44,410.65 Sale of Transactions Current........................... $ 2,985. 15 Sale of Special Editions Current........................ 5,147.82 Sale of Back Transactions and Special Editions........... 4,186.93 Sale of Year Book..................................... 65.50 Sale of Authors' Reprints.............................. 2,585.40 Sale of Pins and Fobs.................................. 14.73 Sale of Technical Publications.......................... 1,451.55 Sale of Bindings...................................... 3,949.13 20,376.21 Net Interest Received: On Bank Balance and Temporary Investments......... $ 2,595.04 On Lie Membership Fund........................... 3,223.43 On James Douglas Library Fund...................... 5,425.61 On General Reserve Fund............................ 2,015.58 13,259.66 Miscellaneous Receipts........................................... 335.80 Total Receipts................................................ $194,269.48

Jan 1, 1930

By Amos Bowman

In the last two years I have had an opportunity to study the conditions of gold-mining in the far northwest of the Pacific coast —in Cariboo district, British Columbia. That country joins Alaska

Jan 1, 1887

By Sam Tour

SOME years ago, the writer described heat checks or thermal cracks that occur in die-casting dies.1 The life of dies was considered in relation to the casting temperature, the material used for the die, and the heat to be absorbed by the die per unit volume of casting made. The mech-anism of the action that results in thermal failure of dies was described. In the present paper the writer proposes to describe some additional observations in regard to heat checking, make one or two suggestions as to the method or methods for further attack of the problem, and give the results obtained on some work carried out along these lines.

Jan 1, 1934

THE iron and steel industry spent $1,170,000,000 in 1952 for improvements and expansion, with an accompanying rise of 9 million net tons in capacity to 117.5 million tons of ingots and steel for castings. More than $4,600,000,000 has been invested in the seven years following World War 11. An average of $1260 has been laid out every minute during those seven years for an increase in capacity of 25.6 million tons.

Jan 3, 1953

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Jan 1, 1942

Jan 1, 1938

Jan 1, 1938

New Products Equipment

Jan 9, 1950

By E. P. McCurdy, William J. Tait, Allen E. Craig

The Circuitron herein described applies current from the classifier motor circuit and energy from the sound of grinding media to move an oscillating disc. The disc through a photoelectric cell controls the speed of the ore feeder and consequently the amount of ore delivered to the mill.

Jan 10, 1950

Although the mining industry faced ever-increasing risks and uncertainties in 1974, it nevertheless pushed ahead with considerable rapidity in exploring and developing new orebodies-while expanding and improving the technologies of mining and exploration. Prepared by the SME Mining and Exploration Division, this section of the annual review covers the pertinent worldwide developments in the fields of geochemistry, geology, geological engineering, open pit mining, underground mining, rock mechanics, operations research, and solution mining.

Jan 2, 1975

The following list contains the names of members of whose deaths notices have been printed in MINING AND METALLURGY during the year ending April 1, 1940. Biographical sketches published in MINING AND METALLURGY are indicated in the last two columns. [ ]

Jan 1, 1940

The following list contains the names of members of whose deaths notices have been printed in MINING AND METALLURGY during the year ending April 1, 1939. Biographical sketches published in MINING AND METALLURGY are indicated in the last two columns.

Jan 1, 1943

Modern, mechanized coal mine ranks with largest in the West - plays major part in CF&I's broad expansion program

Jan 11, 1953

Mining Methods LUCIEN EATON, Chairman S. R. ELLIOTT, Vice-chairman CHARLES W. WRIGHT, Secretary Alluvial Mining CLINTON BERNARD CHARLES JANIN O. J. EGLESTON CHARLES H. MUNRO NORMAN L. WIMMLER Open-Cut Mining Iron MAX H. BARBER J. A. MACKILLICAN Copper W. S. BOYD MICHAEL CURLEY R. B. TEMPEST

Jan 1, 1932

Terminology Relating to Nonmetallic Elements in Metals. See IRON AND STEEL Ferromagnetism in Metallic Crystals. BY L W MCKEEHAN (Tech. Pub 554, Metals Tech , August; also Trans, vol 111. 20,500 words ) The directions for easiest magnetization of ferromagnetic single crystals are those of simple crystal- lographic forms and the extra energy needed for magnetization in other than these preferred directions depends upon the material selected for test The history of magnetic tests upon metallic single crystals, reviewed in detail, shows that crystals of one metal agree rather well as to the magnitude of such energy differences. This makes ~t probable that these differences are really charactenstic of the ferromagnetic

Jan 1, 1935

By James Gayley

The paper presented to the Institute in 1910, by H. O. Hof-man, on Recent Progress in Blast Roasting,' has called the attention of the iron industry to the adaptability of these processes to the reclamation of by-products such as flue-dust and blue billy, and the better preparation of concentrates and fine ores for use in blast-furnaces. The waste of valuable iron-ore through the production of flue-dust has increased at an enormous rate, and much of it has in

Jan 1, 1912

The Howe Memorial Lecture, in memory of Henry Marion Howe, Past President of the Institute, was authorized in April, 1923, as an annual address to be delivered by invitation under the auspices of the Institute by an individual of recognized and outstanding attainment in the science and practice of iron and steel metallurgy or metallography, chosen by the Board of Directors

Jan 1, 1941

By P. Barnes

The subdivisions of this account are numbered 27, 28, 29, 30, 31, 32, and 33, in the general series of construction accounts, and give the details of cost of the various items of the work, as noted below: Accounts 32 and 33 relate to hand-tools and to heaters, and, being quite small in total amount, are omitted in this statement.

Jan 1, 1879