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By F. W. Gray

Foreword: It is not my purpose, in this address, to write the history of the Geological Survey of Canada, which has from time to time been reviewed by the officers of the Survey itself, and by men more competent than myself to handle so large a subject, but rather to set out some of the reasons for the regard in which the Survey is held by our Institute, the body best qualified to speak for the mining men of Canada. And, a further purpose is to publish the desire of our Institute that the work of the Survey shall be maintained at the highest pitch of efficiency the resources of our country. will permit, because to scrimp expenses on the Survey is 'to save at the spigot and lose at the bunghole." A historical examination of the grounds on which it may be asserted the Geological Survey has been, and still is, of fundamental economic value to our country, discloses a prescience on the part of the forefathers of Canada, calling for our admiring gratitude, and reveals a unanimity among the real leaders of Canadian thought, on the value of geological knowledge, that is impressive in its continuance dawn to this date. There seems always to have been before our people the realisation that large stretches of Canada are unfitted for agricultural settlement, and that our glaciated areas, the barrens and tundra of the North, and our extensive mountain ranges, had promise of compensating mineral content which the geologist and the prospector, labouring together through the years, would disclose. The Geological Survey is one of Canada's oldest public services, distinguished by an unimpaired tradition of honourable and useful labour. Founded in 1843, under William Edmond Logan, not yet 'Sir William', one year after the Act of Union, it was directed by him until 1869, or into the early years of Confederation, so that the early years .of the Survey were also, politically, the formative years of Canada, as we know her today.

Jan 1, 1932

By G. E. McElroy

Changes in existing airway and fan-installation conditions offer the most common opportunities for effecting economical operation of mine ventilating systems, but the largest possibilities for securing this result lie in the original design of the main airways for efficient service. Formulas, and. charts for their graphical solution, are presented herewith for the determination of the elements of airways design when the conditions of service are known, or may be roughly approximated. Although the analyses are made with particular reference to metal-mine airways, there is no essential difference between metal and coal mine main airways, and the methods presented are equally applicable to both. Little attention is paid to designing airways for maximum economy in the ventilation of metal mines. Most of the openings used as main airways are originally designed and used for transportation and other operating purposes. Even where openings are made primarily for ventilation, the possibility of their future use for other operating purposes, or even custom alone, usually results in the selection of a size and shape similar to those of existing openings. Natural conditions, such as heavy ground, often seriously limit the size of opening that can be maintained without excessive expense; and various operating factors, such as velocity limitations on traveling roads, often dictate size requirements in excess of those required for economy in ventilation only. In metal mines the main airways are, as a rule, too small rather than too large for economic service, with the general result that the quantities in circulation are often less than the mine's proper requirements over long periods, even though excessive amounts of power are applied in an effort to remedy conditions.

Jan 1, 1932

By Albert Mendelsohn, Charles F. Jackson

The system of stoping described in this paper was first introduced at the Champion mine of the Copper Range Co., Painesdale, Mich., in 1929, and since that time has been developed to a high state of efficiency. The method was devised to overcome some of the objections to the system of horizontal cut-and-fill stoping formerly employed at this mine and has done so successfully. The objections to the old system became more pronounced as the depth of mining operations increased and a change became a matter of necessity. While the combination of conditions encountered at the Champion mine is rather unusual, it is believed that the sublevel system developed there could be employed advantageously at other mines, though certain modifications might be necessary. This paper describes the method and the results obtained through its use, and suggests modifications for making it applicable under quite different conditions from those at the Champion mine. Champion Lode The lode being mined at the Champion mine is the heavily brecciated top of what is known in the district as the Baltic lava flow. The brecciated portion of the lode varies from 6 to 50 ft. in width. Under this breccia is the thinner, tighter, amygdular portion of the lode; under the amygdular portion is the trap footwall. Native copper is found deposited in the rock fragments of the breccia, in the cementing material of the breccia, in the amygdules and in the trappy rock under the amygdular part of the lode. In some places masses of copper many tons in weight extend far into the footwall of the lode. The Baltic lode on Champion property is 8000 ft. long, very straight along the strike, and dips uniformly 70' to the west for 3000 ft. in depth, at which point the dip begins to flatten slightly. The width of the copper-bearing portion of the lode varies from 10 ft. to as much as 80 ft. in a few places; the average width now mined is 17 ft. The lode rock is hard—the standard one-man drilling machines used in the mine drill from 10 to 14 in. per minute when mass copper is not

Jan 1, 1932

By Frank Harwood Riddle

Products made from the ores of the sillimanite group, and synthetic substitutes for them, have unique properties, and service tests prove that they are playing, and will continue to play, a major part in improvements in metallurgical processes. Also, they are examples of how comparatively useless, rare, or "museum" minerals have been made available in commercial quantities. Until research developed uses for them, the minerals had been observed only in small, scattered masses, or crystals. Improvements in ceramic processes and compositions have come about very gradually. In the last 10 or 15 years, several outstanding developments have been made. Of greatest interest to the mining and metallurgical engineers are those affecting the composition, necessitating the mining of new minerals, and improvements in ceramic products used in metallurgical processes. Sillimanite and Mullite Sillimanite (Al2O3.SiO2), then known as Fibrolite, according to Dana,' was first reported in 1792. In 1796, cyanite (Al2O3.SiO2) was first described.2 In 1873, Behrens published results of his microscopic study8 of porcelain. He showed that it contained what appeared to be crystals, which dissolved less readily than quartz and glass in hydrofluoric acid. Hussak4 described the presence of needlelike crystals as occurring in some instances in small amounts in certain porcelains. In 1908, Plenske and Zoellner both studied porcelain structure.5 Plenske observed that "sillimanite" might be present in masses of exceedingly minute grains which apparently were amorphous. Zoellner advanced the theory that the needlelike crystals were formed by a molecular change in the clay,

Jan 1, 1932

The first discovery of gold in Montana is credited to François Finlay, a half-breed, from the Red River country, in Canada; he went to California during the early days and learned there how to wash the gold from placer deposits; then, on his return, he crossed Montana and found gold on the western slope of the Rocky Mountains, on Gold creek, a minor tributary of the Hell Gate river, in what is now Deer Lodge county. That was in 1852.* Finlay did not find enough gold to induce him to continue at work, but six years later a group of miners, led by the brothers James Stuart and Granville Stuart prospected on this same creek, obtaining about ten cents to the pan. They, however, were harassed by the Blackfeet Indians, and they were also handicapped by lack of proper tools; so they too desisted from further operations. Two years later, in 1860, Henry Thomas started to work on Gold creek with three sluice-boxes hewn out of green timber that he cut on the spot. With this simple apparatus he won from $1.50 to $2.00 per day. This may be considered the fist instance of systematic mining in Montana. Meanwhile the Stuarts went to Fort Bridger, in southwestern Wyoming, where they remained as traders until 1861, when, again lured by the gleam of gold, they returned to the valley of the Deer Lodge and resumed prospecting, using 10 sluice-boxes that were brought from Walla Walla, in Washington, 425 miles distant. In the summer of 1862 they were joined by many others, chiefly from Colorado, in consequence of an exchange of

Jan 1, 1932

By C. E. Julihn

Technology concerns the ways of doing things; mineral technology the ways of performing operations required for obtaining minerals from the earth and extracting their valuable constituents for man's use. At any particular time, technology is relatively fixed, as everyone tries to adopt the way of doing things that has proved most profitable; but improvements evolve from minor changes here and there, and occasion- ally entirely new methods are discovered. Technologic improvement thus characterizes any long-time view of the mineral industries. Its test lies always in reduction of costs; there is no other incentive for the adoption of new methods. Reduction in cost of producing metal from ore decreases, in turn, the amount of metal that must be obtained from ore in order to pay for its production. An advancing technology thus is characterized by utilization of ores of lower and lower grade. A very important result of this is an increase in the gross quantity of metal obtainable at any price level, since the earth's crust contains vast amounts of very low-grade ores and relatively insignificant amounts of very high-grade ores. Technologic advances have, therefore, been the means of rendering the metals both cheap and abundant. Though concern as to possible exhaustion of the world's ore deposits is warranted, it is conceivable that a transcendent technology of the future might supply metal requirements from what we

Jan 1, 1932

By H. M. Urban

This paper, one of a series being prepared for and published by the United States Bureau of Mines on methods and costs of mining at various mica mines in the United States, describes the methods now in use in the principal mica mines of the Southern Appalachian States. Those papers are designed to disseminate technical information regarding the methods used. The cost tabulations represent operating expenditures only and not total costs. It is recognized that publication of total costs might in some instances cause embarrassment to individual producers as well as to the industry as a whole. On the other hand, operating costs are essential to the technical discussion and study of methods employed. The attention of the reader is specifically called to this differentiation in order that no misunderstanding of the scope of the cost tabulations shall ensue.

Jan 1, 1932

By George R. Ingham

This paper is one of a buries being prepared by the Bureau of Mines on mining methods and costs at various mines in the United States, and is a description of the mining practice at Ajo, Ariz., where the New Cornelia Branch of the Phelps Dodge Corporation mines copper ore from an open pit, and operates a concentrator for the treatment of the ore thus mined. ACKNOWLEDGMENTS The authors wish to express their appreciation to M. Curley, manager of the New Cornelia Branch of the Phelps Dodge Corporation, for his review of this paper and permission to publish it. They also wish to acknowledge the assistance given by W. C. Lawson, assistant engineer, in the preparation of the paper.

Jan 1, 1932

By John B. Knaebel

Hammer machines are now widely used for underground sampling and exploration. Their application to such work can be divided into two classes - sampling and testing with ordinary drilling equipment to shallow depths of 22 feet or less, and "long hole" drilling with heavy machines and special equipment to depths of as much as 250 feet or more. In the first category hammer drills are employed for either of two distinct purposes: first, as a means of checking the results of grab or cut samples or, in certain types of ore deposits, as a substitute for these methods; and second, as a method of sampling the ground 5 to 20 feet beyond existing faces and thus aiding in the control of stoping operations or in the direction of development headings, as the case may be. The deep-hole drill, in the second category, has proved to be a valuable adjunct to the old established methods of exploring, end developing ore, provided it is employed under natural conditions to which it is suited, handled by men thoroughly familiar with the technique of its operations, and used with its possibilities and limitations clearly understood.

Jan 1, 1932

By Edwin C. Eckel

The title of this study may fairly lead to misunderstanding unless its basal viewpoint is explained at the start. There is of course no chance of misunderstanding the term strategic minerals-for some years past it has been rather generally used to cover those mineral supplies, important for war use, which do not occur in adequate amount on the territory of the Power under consideration. Even here, however, I might add a note of warning. It is commonly understood that the list of strategic minerals will vary, according to what country we are considering; but it is rarely understood, even in Staff studies, that it varies equally according to the particular adversary we happen to be considering. In the present study I have stated the definition in the broadest possible terms, and have at this stage purposely avoided limiting it to any one country or war situation, with the express purpose of being free to bring out certain implications which are commonly, if not always, overlooked. The more important opportunity for misunderstanding is, of course, that my views on the phenomena war and peace do not coincide with those currently fashionable, particularly in advanced intellectual circles. For we must face the fact that for a decade past the natural reaction from war conditions has shattered the public mentality so completely that our public discussions of such questions have very little relation to fact; they are excursions into ideal rather than Realpolitik. And as such they serve merely to prevent public discussion or accept-

Jan 1, 1932

By John W. Frey

[Minerals, generally of great geological age, are to a very large extent the material basis of what we know as modern civilization. In most of the so-called civilized world the use f minerals has become such a commonplace that it is easy to se sight of their importance. It was the use of minerals, obably more than anything else, that made it possible for e American people to expand from the Atlantic seaboard the Pacific in a little over one hundred years. As the 1 to use the natural wealth at hand constitutes a funda¬ental element in American life, there seems to be justification for the thought that American geography is largely mineral geography. Of all American environmental reactions, the most striking are those which have come about through the use of the metals and the power fuels. If we turn to the ancient industry of agriculture, we find very little that is unique in North America except those developments which have come about through the use of machinery and transportation, both of which are contingent upon the use of minerals. Practically every crop now grown n North America was grown in some part of Europe before merica was discovered. One can point out exceptions to statement but in general it is true. Analysis of the es of North American agriculture shows that the outstand¬ characteristics are: regional specialization (i.e., the Economic Geographer; Chief, Petroleum Section, Minerals Division, u of Foreign and Domestic Commerce.]

Jan 1, 1932

By John M. Devine

The severe corrosion of equipment that is caused by the presence of hydrogen sulphide in oil and gas has been described in detail by several authors. Such corrosion, termed "low-temperature hydrogen sulphide corrosion", presents a somewhat different problem from the "high-temperature hydrogen sulphide corrosion" that is encountered in refinery operation and which has been described by various-investigators of refinery corrosion.

Jan 1, 1932

By C Gunther

Mining examinations are of several kinds and the scope of the investigation depends in each case upon the purpose for which the examination is made. A formal examination of a developed mine is an expensive undertaking; from one to several months are allowed for the work according to the size of the property; many samples are taken; investigation is made of the geological features, including, perhaps, a topographical and geological survey of the surface; the metallurgical treatment of the ore is studied; finally, a determination of costs is demanded. Formal examinations are made for prospective purchasers or as a basis for the consolidation of several properties, and occasionally, in the owner's behalf, to verify the work of resident engineers, or to determine the readiness of a mine for equipment and the kind and capacity of equipment it shall receive. A formal examination of a mine should not be undertaken until a preliminary examination has shown that it is justified. It is regrettable that some engineers are in the habit of prosecuting long and exhaustive examinations of properties whose lack of merit should be, and perhaps is, apparent from the start, or of continuing their investigation long after an unfavorable result is seen to be inevitable. This wasting of a client's money is a species of trickery difficult to prove, and therefore the more contemptible. Preliminary examinations are precisely what the term implies, and are undertaken to determine the advisability of making

Jan 1, 1932

By C. A. Heiland

The new geophone described herein was developed by Charles H. Hull, instrumentmaker of the Colorado School of Mines, and the writer. The first geophone was invented during the war for the purpose of detecting enemy sapping or underground mining operations and for locating enemy artillery. It is based on the principle of the seismograph—a heavy lead mass suspended by one or two diaphragms, which are clamped to an air-tight case. When the ground vibrates during the transmission of sound waves, the case moves with it while the so-called steady mass remains practically motionless. Attached to the top of the casing is a hose leading to an earpiece shaped like a stethoscope. When the mass and the diaphragm move up and down in the case, the air is compressed and rarified in the inside; thus the vibration is communicated as sound wave to the human ear. The geophone combines a surprising simplicity of construction with an extreme sensitivity. Other listening instruments were developed during the war, adaptations of the telephone and the microphone—that is, instruments operating through the medium of electricity—of which the so-called seismicrophone, an adaptation of the carbon-granule microphone receiver, probably has found the greatest application, but such instruments apparently have not proved as useful as the simple geophone despite obvious advantages arising from the use of electricity. The carbon receivers were more subject to extraneous noises and to what is called "frying," and they did not offer the advantage possessed by the geophone; namely, the simultaneous use of two receivers, which makes it possible to determine the location of the source of sound. During the war, the U. S. Bureau of Mines made a study of the geophone and of the propagation of sound waves through rock. These studies have been continued, as the earlier results proved the possibility of using the geophone in various non-military ways, principally in mining, and the results of these studies have been published.'

Jan 1, 1932

By William Hilliard

IN any manufacturing business, it is of vital importance that the management should know the exact cost of the units of production. Without such knowledge, a company can sell blindly in the open market, obtaining the best prices it can in competition with other firms, and manage perhaps to continue in business for a time; but at any moment, and especially in a period of falling prices, such a firm is at a loss to know exactly at what point it can sell at a profit and exactly how much it is losing per unit if it sells below that point. Furthermore, it is necessary not simply to know the exact total cost per unit, but to know definitely all the different-factors which enter into that cost. A firm manufacturing pocket knives had been doing a profitable business for many years when it began to earn smaller and smaller profits, until there was scarcely any profit at all being realized. Being unable to determine exactly what its future policy should be, it called in experts who studied the past records carefully and followed out for a period a better cost, system. Investigation then showed that on several different kinds of knives in common use, a small profit per unit was being made. On a number of special kinds of knives, of which the firm was very proud, it had been forced to cut prices under the pressure of outside competition and had believed that a small profit per unit was still being made on that product, while a detailed cost analysis showed that a loss was being incurred on each knife of that kind produced. It then became clear that the company must either give up the special line and concentrate wholly on the cheaper knives and extend their sales to territory not yet developed; or expand its plant and produce more of the higher grade knives and thus lower the cost per unit enough to make money on the higher grade knives also, if conditions warranted such expansion. Investigation revealed that the market for large quantities of the high-grade -knives was decidedly uncertain and that the most promising move would be to manufacture only the less expensive knives on a larger scale. That plan was carried out and the concern began again to make a better profit.

Jan 1, 1932

By B. W. Gandrud

This report, consisting mostly of float-and-sink data and washability curves, has been prepared in connection with an exhaustive study of coal preparation in Alabama conducted, by the U, S. Bureau of Mines and the University of Alabama with the cooperation of the different coal operators On the basis of the float-and-sink data, an attempt has been made to determine approximately the extent of ash and sulphur reduction obtainable under given conditions on coal from the mines which were sampled, In the coal-producing districts of Alabama a great deaf of attention has been given in recent years to the problem of improving preparation methods so as to obtain from various coal beds the best possible grade of washed coal. This is especially so where the washed coal is used for the making of metallurgical coke in by-product plants or where there are possibilities of using the coal for this purpose. In the manufacture of metallurgical coke, the sulphur content of the coal is a very important consideration. It is quite often the determining factor as to whether or not a certain coal can be used for coke making. In the studies which form the basis for this report, all samples have been analyzed for sulphur in order to obtain information regarding the possibilities of sulphur elimination as well as ash reduction, and the samples on which reports are made were obtained from beds that are characterized by rather high percentages of sulphur. In connection with the present investigations of coal preparation in Alabama a standardized method of interpreting float-and-sink data has been used extensively for predicting the ash and sulphur reduction and yields obtainable in a commercial washing plant from various sizes of raw coal and from the raw coal as a whole after a certain degree of crushing. This method, which will be explained in subsequent chapters, was used in interpreting the data contained in this report. The samples used for these washability studies were obtained from the following mines in the Warrior field of Alabama: Beltona mine on the Jefferson bed; Dolomite and Mulga mines on the Pratt bed; Coal Valley No. 163 and Coal Valley No. 11 mines on the Corona bed; Cedar Cove mine on the Carter bed.

Jan 1, 1932

By B. W. Candrud

This report, consisting mostly of float-and-sink data and washability curves, has been prepared in connection with an exhaustive study of coal preparation in Alabama conducted by the U. S. Bureau of Mines and the University of Alabama with the cooperation of the different coal operators on the basis of the float-and-sink data, an attempt has been made to deter-mine approximately the extent of ash and sulphur reduction obtainable under given conditions on coal from the mines which were sampled. In the coal-producing districts of Alabama a great deal of attention has been given in recent years to the problem of improving preparation methods so as to obtain from various coal beds the best possible grade of washed coal. This is especially so where the washed coal is used for the making of metallurgical coke in by-product plants or where there are possibilities of using the coal for this purpose. In the manufacture of metallurgical coke, the sulphur content of the coal is a very important consideration. It is quite often the determining factor as to whether or not a certain coal can be used for coke making. In the studies which form the basis for this report, all samples have been analyzed for sulphur in order to obtain information regarding the possibilities of sulphur elimination as well as ash reduction, and the samples on which reports are made were obtained from beds that are characterized by rather high percentages of sulphur. In connection with the present investigations of coal preparation in Alabama a standardized method of interpreting float-and-sink data has been used extensively for predicting the ash and sulphur reduction and yields obtainable in a commercial washing plant from various sizes of raw coal and from the raw coal as a whole after a certain degree of crushing. This method, which will be explained in subsequent chapters, was used in interpreting the data contained in this report. The samples used for these washability studies were obtained from the following mines in the Warrior field of Alabama: Beltona mine on the Jefferson bed; Dolomite and Mulga mines on the Pratt bed; Coal Valley No. 16B and Coal Valley No. 11 mines on the Corona bed; Cedar Cove mine on the Carter bed.

Jan 1, 1932

By G. P. Halliwell, C. R. Austin

The investigation described in this paper deals with the development of high-temperature alloys of the Konel series over a considerable period of time at t,he Research Laboratories of the Westinghouse Electric and Manufacturing Co. The word ''Konel" has been coined to designate a class of alloys which are essentially nickel-cobalt-iron with other elements added, usually in small quantities. Most of these alloys contain titanium, usually about 2.5 per cent. The main consideration related to strength at high temperatures but the thermionic characteristics of the alloys was also of considerable importance. It is, however, with the mechanical properties at elevated temperatures that we are herein concerned. Much attention has also been devoted to their age-hardening characteristics. There is little need to stress the utilitarian aspect of this subject, as it has been discussed frequently. Alloys exhibiting superior properties at normal or elevated temperatures rapidly find many suitable applications. There may be some question, however, as to what constitutes a "superior alloy," or an alloy that may have good service possibilities at high temperatures. The problem is complex and various means have been employed to predict the useful life that may be expected of a material. In recent years the "creep limitJ' has been used as the best means of evaluation. Such tests necessarily are prolonged and hence collection of data is very slow. In a general survey of many alloys therefore the creep test is not desirable and recourse must be had to much shorter time tests in order more rapidly to select alloys which appear to show promise. For this reason the present survey has been made using the high-temperature tensile test and a bend test developed by Howard Scott.' In the tensile test the conditions have been standardized for all tests, so that values obtained are at least comparable, one alloy with another, although the absolute values recorded merely indicate the mechanical properties at the given temperature under a definite rate of loading.

Jan 1, 1932

By H. G. Miller

The success of any project in which gas is injected into oil-producing sands to increase the current rate or the economic ultimate production of oil or in which surplus gas from oil-producing operations is stored temporarily in reservoir sands that have been wholly or partly depleted of their producible oil depends mainly upon an understanding of the underground movements of oil, water, and injected gas and the ability to control their speed and direction of migration through the reservoir sends. Many operators believe that injected gas always travels up the structure and drives oil to wells structurally higher than the injection wells, because the specific gravity of the injected gas is less than that of the fluid substances in the formation. Consequently, many injection wells are located on the flanks of oil-bearing structures with the idea of utilizing the energy of the injected gas to drive the oil to producing wells higher on the structure. It is true, under certain conditions of pressure and fluid depletion of the reservoir sands that injected gas will move in an up-structure direction, but the theory that injected gas always moves up the structure is based on an erroneous conception of the laws that pertain to the expansion of gases. By definition, "a gas is distinguished by its property of infinite expansion and is limited in volume only by the walls of the vessel which contains it." The expansion of gas that is injected into reservoir sands also is limited by "walls" that surround the space influenced by the injected gas. The walls of the majority of undrilled or virgin oil-bearing reservoirs in California are the impervious shales overlying and underlying the productive strata and the "dams" or effective barriers of edge water around the rims of the reservoirs. When gas is injected into the sands of a producing reservoir, regardless of the location of the injection well on the structure or the degree of depletion of oil from the sands, one of the walls which confine the gas in the structure about the injection well is fluid. This wall will be edge water in a nearly depleted reservoir, where the drainage cones or regions of reduced pressure about injection and producing wells intersect; and, where there is no interference of drainage cones and the injection well is structurally above the edge water, the wall will be oil. In some producing reservoirs bottom water may be the lower wall of the space that confines the gas about injection wells, but the effect of bottom water on limiting the expansion of gas is the same as if the water was not present and impervious formation separated the producing from the underlying nonproducing strata. Therefore, since compressed gas always seeks regions of reduced pressure and its final volume is limited only by formation and fluid barriers and since the force exerted by the gas under pressure is equal in all directions, the course of migration of injected gas in reservoir sands in California and the effect of the gas pressure on fluid movement does not depend necessarily upon the up-structure location of low-pressure regions.

Jan 1, 1932

By Arthur Notman

Since addressing the Institute a year ago on The Future of the Copper Industry (l), many things have happened, most of them bad. It has been a hard year for profits and prophets. It was, therefore, with consider-able perturbation that I accepted the gracious invitation of your Committee to reappear. On reviewing my remarks of a year ago, I. have wondered whether, under pressure of more important matters, the Committee had neglected to make a note of them, or whether they felt that further explanations from me were in order. In either event, I am glad that I am here and welcome the opportunity to make any contribution I can to a clearer understanding of the problems of copper to those concerned. The English-speaking nations own 80 per cent of the present world-production of the metal. Col. P. E. Barbour, Secretary of the Mining and Metallurgical Society of America, and I recently completed an estimate of the known world resources of copper. We placed the figure, in round numbers, at 100,000,000 tons of metal. Of this amount, about one-third lies in the United States, one-third in the British Empire, and one-third in South America; and all but 4 per cent of this is owned by British Empire and United States capital. Our figures do not include any estimates for Russia, Japan, or Europe, on which there are no available data. It is true, consequently, that the British Empire and the United States are the ones concerned. It seems to me to be a matter of great importance to the world at large, and of even greater importance to those nations themselves, that the known sources of supply of this metal, so essential both in peace and war, rest so strongly in their hands. I cannot believe that in the long run they will neglect their responsibilities in the wise administration of these resources.

Jan 1, 1932