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By George A. Roche

Investment in growth stocks is the most assured way of achieving superior, long term investment accomplishment. There are many criteria used to select growth companies but the most important is a combination of superior management operating in an industry with above average growth potential. This growth stock approach is the cornerstone of investment strategy for two of the three mutual funds sponsored by the Price organization and for its private clients. However, during the past five years inflation has accelerated due to a variety of factors including the inability of government to meet seemingly unlimited needs with limited revenue sources.

Jan 4, 1972

By AIME AIME

ALMOST as many attended the annual dinner this year as last, when the presence of Mr. Hoover was such an attraction that almost two-thirds more than had ever attended before were present. Only by putting the late comers at tables in the balcony could everybody be accommodated. Past President De-Golyer was the toastmaster and in opening the post-prandial exercises referred to the regrettable fact that this was the last of the long series of dinners which have been held at the Waldorf, as the hotel will be torn down to give way to an office building before another year. To the delight of the gathering "Oscar" appeared and, in a delightfully brief but characteristic speech, referred to the long association that had existed and hinted that a new Waldorf-Astoria may arise, where the Institute could continue to gather annually in an enlarged replica of the room they had met in so long. Before taking up the presentation of the medals, Mr. DeGolyer referred to the Institute's "Legion of Honor," the 34 men who have been members continuously for over fifty years. For various reasons only five of them, W. S. Ayres, F. G. Corning, Henry D. Hibbard, A. F. Schneider and Arthur Thacher, could be present. They were all seated at the speaker's table, and W. S. Ayres, 56 years a member, as the dean of the group, was called on to respond for them all. He said: "The introduction I have just received would indicate that this particular group of men to which I belong is considered by the chairman to be a group of real antiques. Possibly you are questioning the accuracy of his judgment. I hope you are, although there may be some first-sight evidences tending to substantiate the view held by the chairman.

Jan 1, 1929

By Oliver M. W. Sprague

THIS gold problem is full of complications and can hardly be handled adequately or comprehensively in any short period of time. Perhaps I might begin by mentioning a few aspects of the subject about which I suppose there will be no disagreement. The first of these is that we already have a stock of monetary gold in the United States far in excess of what is needed to support any desirable increase in the present volume of currency and credit. The second is that this already superabundant gold stock is certain to be considerably enlarged during the course of the war, and presumably during the months of readjustment following its conclusion. Some billions of additional gold, we may reasonably presume, will come into the country during these next few years, thus increasing the aggregate monetary gold stock from the present eighteen billions to perhaps twenty- two or even twenty-five billion dollars.

Jan 1, 1940

By F. D. Rosi, C. A. Dube, B. H. Alexander

The slip and twinning planes have been determined in deformed crystalsof titanium by an X-ray method of analysis. The slip planes are of the type {1010} and {1011}, while the twinning planes are of the type {1072}, {1121}, and (1122). In the case of the predominant (1010) slip, a type I digonal axis of indices <1120> was the effective slip direction. Microscopic observations on the appearance of the three twin types disclosed a distinct difference in their shapes, and an attempt was made to correlate this difference with the amount of twinning shear. The slip mechanism was discussed on the basis of the difference in c/a ratios for the common hexagonal close-packed metals. IT is a general rule that slip in metals occurs most easily on the planes of greatest atomic density and of the largest interplanar spacing, and that the direction of slip is a close-packed direction. Thus, of the hexagonal close-packed metals which have been investigated by the German school in the decade 1925 to 1935 (cadmium, zinc, and magnesium), it has been found that slip occurs on the basal plane (0001) and in a <1120> direction.&apos; In the case of magnesium above 225oC, slip occurs on a first-order pyramidal plane (1011) as well as on the basal plane.&apos; The hexagonal metals, moreover, deform in part by twinning, and, again with the exception of magnesium at elevated temperatures, the twinning plane has always been reported to be a second-order pyramidal plane {1012).&apos; In view of this consistency in the plastic behavior of these metals, it has been supposed that the same slip and twinning elements would be operative in the other important hexagonal close-packed metals (titanium, zirconium, and beryllium), although there are some reasons why this may not be so. Referring to the tabulation in Table I of the axial ratios of the important metals in this structural class, it may be seen that they can be categorized into three distinct groups depending on the value of their c/a ratios. In the first group are cadmium and zinc with large positive deviations from the ideal ratio for closest packing. This expansion in the direction of the c-axis would be such as to accentuate the basal plane as the slip plane, because it increases the interplanar spacing. The second group includes cobalt and magnesium, which closely approximate the ideal ratio. In the third group are zirconium, titanium, and beryllium whose axial ratios are decidedly less than the ideal. The lattice of the elements in this group is compressed along the c-axis which, in effect, tends to make the basal plane less favorable for slip inasmuch as it reduces the interplanar spacing and the atomic density of this plane. Thus, for metals in the third group, it may be said that there is a certain indefiniteness about the glide plane, in that planes other than the basal plane may be expected to operate. The fact that magnesium begins to exhibit planes other than the normal slip and twinning planes at elevated temperatures may indicate that this behavior will become more pronounced in metals of lower axial ratios. For this reason it might be expected that the slip and twinning behavior of zirconium, titanium, and beryllium would be different from that found in cadmium and zinc. One indication that there is a difference is reflected in the recent work which has been done on the deformation textures of these metals."&apos; As will be shown later, there is a significant difference between the rolling textures of cadmium, zinc, and magnesium on the one hand, and zirconium, titanium, and beryllium on the other, and this difference suggests that the mechanism of plastic flow is not the same in these two groups of metals. From these considerations, therefore, it may be seen that there are good reasons why it cannot be concluded that titanium will have the same crystal-lographic elements of slip and twinning as those exhibited by zinc and cadmium. For the complete determination of these elements it would be most advantageous to have single crystals. However, much valuable information can be obtained by using coarse grained polycrystalline specimens, provided the grains are sufficiently large to permit X-ray

Jan 1, 1954

By H. H. Kellogg

An invitation to address you on the occasion of the one-hundredth anniversary of AIME represents an honor, a challenge and an opportunity: an honor that you judge me worthy; a challenge that I present to you a picture of extractive metallurgy in the years ahead that contains some ideas of value; and finally, an opportunity for me to express some deeply felt beliefs about our profession and our industry. My topic concerns the technology of metal production in the future - the processes, new and old, that will be used to extract metals. The nature of these processes will be shaped by many forces - some technical, some economic, some political or social. A forecast of future technology must recognize the role of each of these forces, and I have endeavored to do this in the analysis that follows. In brief, my outline consists of an analysis of the forces (perhaps better called "problems") that will influence the future of our industry, followed by consideration of likely lines of technological development to meet them. Let me dwell for a moment on the nature of this industry and the profession that serves it. I have been engaged in the profession of extractive metallurgy - teaching, researching and consulting - for 30 years. I have always found the subject stimulating and rife with challenges of a scientific, engineering, economic and socio-political nature. It is a big subject - it encompasses most of the elements of periodic table; we measure the U. S. production of six metals in millions of tons per year; new plant costs range to $100 million and more. The supply of metals from our extractive plants plays an essential role in our modern industrial economy. We could do without DDT, or phosphate detergents or 300-page Sunday newspapers; we cannot do without a huge and increasing supply of metals. The Basic Goal of Extractive Metallurgy Understanding of some basic forces that shape this industry can be gained by consideration of the question: What determines the utility of metals to man? We think immediately of the inherent properties of metals - strength, ductility, electrical conductivity and so forth - but these tell only part of the story. Metal price and the available supply play equally

Jan 1, 1971

By L. C. Uren

Some of US have been impressed with the need for a better understanding of the future place of the engineer in the petroleum industry. In academic work we are continually asked to advise students as to the opportunities in different directions, to guide them in their selection of professions, and it would be extremely helpful to those in academic lines of work to have the opinion of engineers from the industry relative to the need for petroleum engineers. IS the industry going to require a continually growing number of engineers in the future years, or have we perhaps reached equilibrium in that regard ? In anticipation of this meeting, I undertook to canvass opinion among a number of engineers of my acquaintance and I have been rather astonished to learn that the expenditure on engineering salaries in the producing branch of the oil industry is extremely low. I have figures from eight or 10 of the larger oil companies and it seems to be a fair statement on the basis of these figures to say that the average American oil company is devoting less than 2 per cent. of its gross expenditures in oil production to the payment of engineering salaries. A few examples will be of interest. I shall not mention names of individual companies, but one large Mid-Continent company is spending slightly less than 1 per cent. of its gross expenditure—that is, less than 1 per cent. of the total expenditure in the producing department—on engineering salaries and about as much on engineering research, which might properly be regarded as a phase of its engineering work. Another Mid-Continent company is spending about 11/4 per cent. on engineering salaries. A large California company is spending about l1/2 per cent. The largest figure that has come to my attention is that of an important Rocky Mountain and Mid-Continent company that is spending a little more than 6 per cent., but that is apparently an extreme case. The petroleum producing industry is a highly technical business in these days. It is spending in excess of $500,000,000 annually in new

Jan 1, 1929

By B. L. Averbach, Morris Cohen, L. L. Seigle

Free energies, enthalpies, and entropies of mixing of Ni-Au solid solutions containing 5 to 95 atomic pct Ni have been determined by the electromotive force method at 700° to 900°C. The thermodynamic activities exhibit large positive deviations from Raoult&apos;s law, and the entropies of mixing are almost twice those of ideal solutions. The enthalpies of mixing are positive (heat is absorbed) and are attributable to the lattice distortional energy resulting from the size difference between the nickel and gold atoms. This factor appears to be responsible for the miscibility gap at lower temperatures. IN the thermodynamic study of metallic solid solutions, most interest has been directed toward systems with negative deviation from Raoult&apos;s law, namely, those exhibiting superlattice or compound formation. The results of previous investigations are summarized in recent publications.&apos;-&apos; Relatively little experimental work has been carried out on solid solutions which manifest a positive deviation, possibly because the range of solubility in such cases is usually quite limited. Nevertheless, the relationship of the thermodynamic properties of these solutions to diffusion, nucleation, and precipitation in the solid state are of considerable importance. The binary Ni-Au alloys are particularly suited to an investigation of these relationships. Despite the presence of a miscibility gap at lower temperatures, Fig. 1, indicating a large positive deviation from Raoult&apos;s law, complete solid solubility is found above 840°C. Moreover, the difference in the atomic scattering powers of nickel and gold is sufficiently great to permit X-ray diffraction studies of atomic arrangements and pre-precipitation phenomena. Radioisotopes of both nickel and gold are available for diffusion work, and finally, a large difference in nobility between the two elements facilitates measurement of the thermodynamic properties. The present paper describes the experimental determination of the free energies, enthalpies, and entropies of mixing of solid Ni-Au alloys. Table I gives a list of the symbols used in the paper. Experimental Method The stability of nickel chloride relative to gold chloride" indicated that the galvanic cell method could be used for determining the thermodynamic properties of Ni-Au alloys. An electrolytic cell (Fig. 2) was constructed, similar to that of Weibke and Matthes,7 in which the electrodes were solid nickel and Ni-Au alloys, and the electrolyte was a fused mixture of alkali chlorides containing NiCl,. The cell electrodes were made from fine gold granules and carbonyl nickel shot melted together under argon, chill cast, swaged to 1/16 in. diam rod, and annealed for one week at 850°C. Commercial reagent and chemically pure grade salts, purified by dehydration, were used for the electrolyte. The cell, operating in an atmosphere of purified argon, was heated in a resistance-wound cylindrical furnace whose temperature was controlled to within ±0.5ºC. The potential developed between the pure nickel and the alloy electrodes, which is related to the thermodynamic properties of the alloys by standard equations to be presented later, was measured with a potentiometer and a mirror galvanometer sensitive to 10-7 v. Dehydration of the electrolyte was carried out in the assembled cell by evacuating at 100°C for about

Jan 1, 1953

By N. Lilienberg

Refractory materials play much the same part in the producion of metals as houses and shelter for men, and it therefore seems useful to discuss sometimes the ways of manufacturing them. In fact, it appears to me that too little has been said on this important matter, probably because the manufacturers of fire-brick do not care to publish details for the benefit of competitors, but perhaps, also, by reason of the indulgent indifference of consumers. Judging from the revolutions in the manafacture of iron and steel caused by using calcareous materials for the furnace-bottoms, it does not seem improbable that in the future basic bricks may be produced suffciently strong for building also side-walls and arches, and perhaps, also, for use in blast-furnaces. But the existence of the present difficulties of great shrinkage in burning and small strength against compression, which limit the possibility of using basic bricks to Bessemer converters and such open-hearth furnaces as permit the bottom to be separated from the superstructure, seems to indicate still a long and extensive use of silica fire-bricks. I am not prepared to say anything about American fire-brick making, but knowing that industries abroad are watched with increasing interest by American manufacturers, I have imagined that this association would like to hear some facts about the way firebricks arc made in my country—Sweden. Well-known as it is that Sweden produces a high quality of iron, it is perhaps not so universally known that the same country produces a very high grade of silica fire-brick, whereby most of its own wants are supplied. In giving the following sketch I can, of course, not claim that all the facts are entirely new, but shall consider my object attained if American manufacturers can derive some benefit from the comparison of the following methods with their own, and if some discussion on this important subject can be aroused which will contribute to further progress. In order to show the extensive use of domestic fire-bricks in Sweden, where English bricks are easily obtainable, I mention the fact that about twelve millions of all kinds of fire-bricks (reduced to

Jan 1, 1885

What has happened to the basic coal industry during the past year? Has it been a better year for coal than 1961? What striking new developments have occurred in mining, preparation and utilization? Are there positive signs that production will go up? What has happened in the utility market, the metallurgical market and the export market? Is the controversial question of coal transportation nearer to a solution? What progress has research made for coal during the year? The answer to these and many other important questions are offered in the following review of the Coal Industry-1962.

Jan 2, 1963

By Charles Catlett

My attention having been called several years ago to the possibility of increasing the yield of coke per ton of coal, as obtained in certain bee-hive ovens, I called the attention of the Institute to the matter at the New York meeting in 1899. I have had occasion since to witness the indifference with which this matter is ordinarily considered, and, on the other hand, the marked improvement which comes from even a most perfunctory effort in that direction; and I am almost tempted to say that nothing in connection with the coking of coal is at present so important. There are other factors, which are fundamental and necessary; but they have been considered already ; while the question of yield is, as a rule, absolutely ignored, or some figure is taken as the result of a special burning of one or two ovens, and the assumption is made that the whole battery is yielding at that rate. The uncertainty of this assumption I may illustrate by saying that, in my own observation, the burning of a single oven in a battery frequently gives, by actual weight, as much as 69 or 70 per cent. of merchantable coke, while the battery as a whole was yielding only an average of 63 per cent. Only from careful records, checked at least once a month, of the weight of the coal going to the ovens and the weight of coke produced, can any correct idea of the actual yield be gained, or methods be modified so as to produce good results; yet, as a rule, the crudest estimates are usually the only available data. In many cases there are reasons for this loose practice. The coal is mined by measurement; the payment for drawing the ovens is in proportion to the amount of cod which goes to them; and, not uncommonly, the royalty is so much a ton of coke, not of coal. The mine-manager is tempted to increase the volume of coal mined which is paid for as a ton, and to do the same thing in charging the ovens. Nor does he

Jan 1, 1903

By P. H. Dudley

The present paper was suggested by the paper read by Mr. R. W. Hunt at the New York Meeting, in February last, on rail-sections (Trans., xvii., p. 778)) in the discussion of which I brought forward some of the facts and observations here stated. Professional duties having prevented me from writing out my part of that discussion in time for its publication in the volume containing Mr. Hunt&apos;s paper, I take the opportunity to present it in separate form and greater fulness. The striking features of the series of rail-sections submitted by Mr. Hunt are their shallow heads and heavy bases. In these respects they are quite similar to the section of the 80-1b. rail, which I designed in 1883 to meet the requirements of the traffic of the New York Central and Hudson River Railroad. Before the adoption of the 80-1b. rail, this road had modified its 65-1b. section from a shallow head with rounding sides and quite heavy base to one having a deep head and thin base. All the leading railroads had changed from the earlier sections of steel rails to those having deep heads and thin bases, conforming to the recommendations of the Committee on Rails of the American Society of Civil Engineers. It is but proper to say that the committee&apos;s investigations upon the wear of rails were made upon the rails manufactured under a practice quite different from that which obtained after the committee&apos;s recommendations were carried into effect. The results in actual service have been contrary to what was expected. Fig. 1 shows my 80-1b. section of 1883. Before designing this rail I had taken, at different times, a series of diagrams of the condition of tracks, with my car, on the New York Central and Hudson River Railroad, all of the New England railroads, and all but one of the trunk lines. My diagrams gave me an opportunity which could not otherwise have been obtained to see the wear of great numbers of sections of rails under widely varying conditions of traffic.

Jan 1, 1890

By J. R. Campbell

A DOZEN years or so ago, the general superintendent of our company, now the president, Mr. W. H. Clingerman, detailed me to make a study of the coal-washing problem and collect data, which threw me into contact with the best washery men of the country. and took me to those districts where the washing of coal for metallurgical purposes is carried out. I investigated many kinds of coal-cleaning schemes, made numerous tests on them, and collected voluminous data, yet I confess frankly that I have had but little practical washery experience and that little has been at the Middlefork washery of the United States Fuel Co. at Benton, Franklin Co., Ill., which was put in operation last fall. While this wash-cry installation may not be the "last word," I am quite sure it embodies some long steps in advance over older designs and constructions. From the washery man&apos;s standpoint, the removal of pyrites, or marcasite, a disulfide of iron, is the one vital problem, and the one productive of the most beneficial results, so far as elimination of sulfur is concerned. Sulfates and so-called organic sulfur occupy quite a secondary -position and are generally lost sight of in coal washing: The elimination of sulfur in coal in the past has usually been accomplished by jigging in water, but lately the use of concentrating tables has been employed with good success, and some mention may be made of the flotation process on fine coal, though hardly considered practicable. Coal washing, is rapidly coming into its own, due to the depletion of low-sulfur coals for coking purposes, and before many years we predict as careful attention being given to the design and construction of coal washeries, ,as is now being given to byproduct plants and other allied industries. Heretofore, coal washing has been considered only as an incidental and a necessary evil-instead of the big problem it is one worthy of the most careful study by men well trained along technical lines and capable of delving into the fundamental principles.

Jan 9, 1919

Discussion of the paper of W. R. SHIMER, presented at the New York meeting, February, 1915, and printed in Bulletin No. 99, March, 1915, pp. 557 to. 585. WILLIAM R. WEBSTER, Philadelphia, Pa.-I would like to ask Mr. Shimer how the finishing temperature of the H-beams and other beams rolled on the Gray mill at Bethlehem compare with the rolling temperatures of the rails referred to in this paper. Also, how the reductions in the rolling of the beams compare with the reductions in the rolling of the rails. I would also like to know if any drop tests were&apos; made on the rails referred to as having been allowed to cool and then annealed; in other words, what results, if any, were obtained from tests on rails after the internal strains of rolling had been removed; and in the matter of the rail blooms, I would like to ask if they are not often heated to a higher temperature than is desirable on account of the thin flanges in order to carry the heat through to the finishing pass. The tensile strength of the steel in these rails is given as 125,000 lb. per square inch, which is almost as high as tire steel. If some of these blooms were rolled into rounds of about the same section as the head of the rail, would you not get better results from tension tests than those from the head of the rail? In other words, in rolling rounds, whether you would not be able to control the rolling and finishing temperatures better than is possible in the rail, owing to thin section of the rail flanges. Some years ago I had experience with the rolling temperatures of tire steel, running from about 127,000 to 133,000 tensile strength. These tires had the tensile strength and the deflection specified. One of the manufacturers had no trouble whatever, after a little experimenting, in meeting the conditions of the specification. Another manufacturer who made some of these tires came to the office and stated that he had tried tires from three heats of steel and could not meet the specifications and

Jan 5, 1915

By C. P. Sandberg

Having been occupied in inspecting and testing iron and steel these twenty years in England, and previous to that having served on the Board of Iron Masters in Sweden, I have naturally been very much interested in the subject of the use of steel for structures. I regret that I can offer but comparatively small experience on that had, having had principally to do with steel for railway plant and rails, but granting these to be a kind of "structure," and also that steel for rails has similar duties to perform in many respects, and is generally manufactured in the same way and at the same works as steel for stuctures, properly speaking, I may be entitled to offer an opinion on the use of steel in construction. In a paper recently presented to the Institution of Civil Engineers in London, Mr. Ewing Matheson has recommended that the Board of Trade rules should be amended so as to allow of a maximum straining of 8 tolls per square inch instead of 6 1/2 tons. But it is equally necessary to fix the amount of ductility or elongation of the metal for such a strain as 8 tons. Strength and ductility should always be spoken of together. Mr. Matheson says that steel can be manipulated in the factory in the same way and with the same tools as are used for iron. This can only be granted for mild steel; for hard steel would be spoilt by the rough mechanical treatment which iron can stand, such as punch ing, for instance; and the remedy for regaining the strength lost by punching hard steel, viz., annealing, cannot always be applied. Noth ing proves this fact better than the punching of steel rails of consid erable hardness, which caused fractures at an early period of steelunaking, and which resulted in the stipulation for drilling instead of punching the bolt-holes, which had been formerly applied to iron rails without any damage. In fact commissions to establish standard tests are now working on the Continent, principally in Germany, where

Jan 1, 1882

By James Kitson, Abram S. Hewitt

I HAVE now the duty—the very pleasant duty—to perform, of presenting to the Hon. Abram S. Hewitt the Bessemer gold medal for distinguished services to the iron and steel trade. When this matter was brought under consideration in London it was well known that, as Mr. Hewitt would be the first to acknowledge, there is more than one man in America upon whom we would gladly have cm ferred this distinction, and to whom this merit might be justly at tributed ; but Mr. Hewitt has been long known to our distinguished members on the other side of the Atlantic as one of the most active minds in the investigation of new methods of manufacture, and one of the most enterprising metallurgists on this side of the Atlantic. Well, gentlemen, we proposed to Mr. Hewitt that he should receive this gold medal, but I think it is quite right, and is his due, that I should state that he at once declined to receive it; and he declined in a manner which rendered it impossible to any one but very per sistent friends and very obstinate Englishmen to refuse. When we heard that our American friends had conferred once more upon Mr. Hewitt the distinction of President of the American Institute of Mining Engineers, and particularly with reference to our contem plated visit, and when we heard that he had been elected unani mously to that position, we felt that we had received the stamp of approval from this side. Gentlemen, as I said before, Mr. Hewitt has long been known to many of us in England as an advocate of scientific education. A report which he made of the metallurgical products at the Paris Exposition in 1867 was one of the matters which drew very clearly and distinctly the attention of the English iron and steel trade to the necessity of further improvement in our technical education as to iron and steel; and it was one of those beginnings which led ultimately to the foundation of the Iron and Steel Institute. The development of the ideas which &apos;he there investigated undoubtedly led

Jan 1, 1891

By P. H. Mell

AMONG the minerals exhibited at the Atlanta Exhibition of 1881, soapstone, kaolin, and asbestos were well represented. The first two occur in large quantities, of very pure quality, throughout the South. The last is somewhat limited in amount, yet in certain localities it exists in masses sufficiently large to pay for working; in North Carolina, Georgia, and Alabama it has been mined with some profit. I would, in this paper, call special attention to the minerals soapstone and kaolin, because their many valuable qualities seem to have been al most entirely overlooked by our Southern manufacturers. Steatite, particularly, occurs in such large quantities, and generally in such close proximity to the great iron regions of Alabama and Georgia, that it is amazing that the iron companies will persist in sending abroad under. heavy expense for firebrick. It would require a much smaller sum of money to quarry this rock and place it at the various furnaces ; and the results obtained, I am sure, would prove its superiority over the majority of firebrick brought into this region. Soapstone, as well as kaolin, is found throughout the metamorphic regions of Alabama, Georgia, South Carolina, and North Carolina. Below-will be found seven analyses that I have made of this mineral, taken from various points in the four States above mentioned. I have also subjected these same specimens to severe fire-tests, and the results were very satisfactory. The tests were conducted in the following manner: Small portions of the compact variety were carefully weighed and placed in a Fletcher&apos;s new crucible furnace for gas, and subjected for half an hour to a heat that will in 12 minutes fuse iron. The only effect upon these specimens was a slight change in color .to a darker shade, a small loss in weight, due evidently to the evaporation of water, and, in one or two specimens, a slight degree of fusion on the sharp edges. The first specimen subjected to investigation was taken from a large outcropping in Tallapoosa County, Alabama. Specific gravity, 2.88 ; hardness, 1.9; color, blue gray. Composition Water, - 2.68 Silica, - 65.46 Iron oxide, - 2.10 Alumina, - 15.02 Magnesia, - 15.35 100.61

Jan 1, 1882

By P. H. Mell

AMONG the minerals exhibited at the Atlanta Exhibition of 1881, soapstone, kaolin, and asbestos were well represented. The first two occur in large quantities, of very pure quality, throughout the South. The last is somewhat limited in amount, get in certain localities it exists in masses sufficiently large to pay for working; in North Carolina, Georgia, and Alabama it has ken mined with some profit. I would, in this paper, call special attention to the minerals soapstone and kaolin, because their many valuable qualities seem to have been almost entirely overlooked by our Southern manufacturers. Steatite, particularly, occurs in such large quantities, and generally in such close proximity to the great iron regions of Alabama and Georgia, that it is anlazing that the iron companies will persist in sending abroad under heavy expense for firebrick. It would require a much smaller sum of money to quarry this rock and place it at the various furnaces ; and the results obtained, I am sure, would prove its superiority over the majority of firebrick brought into this region. Soapstone, as well as kaolin, is found throughout the metamorphic regions of Alabama, Georgia, South Carolina, and North Carolina. Below will be found seven analyses that I have made of this mineral, taken from various points in the four States above mentioned. I have also subjected these same specimens to severe fire-tests, and the results were very satisfactory. The tests mere canducted in the following manner: Small portions of the compact variety were carefully weighed and placed in a Fletcher&apos;s new crucible furnace for gas, and subjected for half an hour to a heat that will in 12 minutes fuse iron. The only effect upon these specimens was a slight change in color to a darker shade, a small loss in weight, due evidently to the evaporation of water, and, in one or two specimens, a slight degree of fusion on the sharp edges. The first specimen subjected to investigation was taken from a large outcropping in Tallapoosa County, Alabama. Specific gravity, 2.88 ; hardness, 1.9; color, blue gray. Composition: Water,....2.68 Silica,..........65.48 Iron oxide,.........2.10 Alumina,.........15.02 Magnesia,... 15.35 10061

Jan 1, 1882

By T. Egleston

For several years 1 have been engaged in studying the behavior of iron and steel under varying conditions of tension and compression, as well as of shock and abrasion. Some of these observations have been communicated to the Institute at various times. Within the past year I have been looking at the various observations that I have made as a whole, and have been led to the conclusion that there is a regular law of fatigue and refreshment of metals, and that the change which produces either the fatigue or refreshment, is a. chemical one, which is, however, in almost all cases accompanied by physical and molecular changes at the same time. That metals under conditions that were more or less well understood became worthless, has been known for many years. It has been known to blacksmiths that iron and steel, when improperly treated in their fires, become "burned," as they call it, and could no longer be used, and some of them have had a scrap heap into which such material was thrown. A few of them knew that after a period more or less long the iron or steel recovered some of its original properties and could, with many precautions, again be used, but that these phenomena followed any law has not to my knowledge been announced. My attention was first attracted to the varying conditions under which iron and steel rails break in service. It was not long before I became convinced that there was a general law applicable to all metals which allowed of their being used with safety within certain limits, and caused their rupture when the use extended beyond these limits, and this law I have called the law of fatigue- of metals. When me observe the causes of deterioration in iron and steel rails, we find that they are principally shocks, either slight and frequent, like those produced by the passing of a train over a road-bed in good order, which produces a vibration sensible to the ear laid on the rail, for very long distances, but distinctly audible for only a short one; or from sudden and heavy blows, like the descent of the locomotive and each car successively from a high to a low rail.

Jan 1, 1880

By Frederick Prime

The Great or Cumberland Valley, which (under a variety of names) extends from Canada, through Vermont, Massachusetts, Connecticut, New York, Pennsylvania, Maryland, Virginia, and East Tennessee, to Alabama, is composed in part of limestones lying immediately above the Potsdam sandstone. Geologically, they belong to the era between the Potsdam and Trenton, and are commonly termed Calciferous. A peculiarity of these limestones is their great richness in limonite or brown hematite ores, which form a large part of the charges of the many blast-furnaces situated on their outcrops. The mines from which the ores are obtained are (properly speaking) only pits or quarries, from which &apos;the ore is extracted by means of picks or shovels, powder being rarely employed. The ore does not occur casually at any point in the limestone, but forms regular lines, following apparently the outcrops of certain beds. In Lehigh County, Penn., where 1 have been engaged on the Geological Survey of the State, during the past season, there are three or four of these lines. During the progress of the survey I was much struck by the fact that the two most important and promising lines of outcrop were, one at the base of the crystalline schists (forming the South or Lehigh Mountain), and overlying the Potsdam sandstone conformably; the other, near the line of junction of the calciferous limestone with the slates of the Cincinnati epoch. The mines along these two lines, following the topography of the country, were in place, richer and more permanent than those of the belts between, which were generally leaner. A peculiarity of these two lines of outcrop, and one to which I particularly desire to draw attention, is the occurrence of what I at first mistook for a highly altered slaty limestone, but which subsequent analysis proved to consist in great part of damourite (hydrated potash mica). The following are analyses of this damourite slate: I. From Fogelsville, Lehigh County, within a few hundred feet of the contact of limestone and slate, by Dr. F. A. Genth. 11. From Hensingerville, Lehigh County, within 300 feet of gneiss, by Mr. Sydney Castle, of the University of Pennsylvania. 111. From Allentown, Lehigh County, within 150 feet of con

By James Douglas

An address before the Meeting of the New York Section, Nov. 4, 1914. As life advances one is inclined to look backward instead of forward, and the vista over which my memory carries me has been filled with such a shifting panorama of changes in metallurgy that the whole practice of the art seems to have been re-created. The first cupola furnace that I saw in operation was at one of the group of mines at Capelton, Quebec, from which the Nichols company still draws some of its sulphur supply. At that time it was operated by a Hartford, Conn., company, under a General Adams. When its small brick furnaces made a campaign of a week and smelted 10 tons a day, the feat redounded to the credit of the operator. The introduction of the water-jacketed cupola dates forward to the next decade. I was using one in Pennsylvania, making copper matte, to the horror of a noted metallurgist, who could not conceive it possible that you. could bring fused sulphides in contact with steel without rapid corrosion. In our ignorance we were doing what seemed to be an impossibility, and it is just that recklessness and disregard for precedent which has characterized so much of the work of American metallurgists, and carried us forward at such headlong speed. Once the water jacket was accepted as the type of the. copper cupola, its almost unlimited expansion in length, but not in width, was a matter of convenience rather than of skill. In Butte the cupolas have been enlarged by adding furnace to furnace. The first reverberatories which I saw in operation were those in Professor Hill&apos;s Black Hawk establishment, where the concentrates from the Gilpin County gold mills were run down into matte for separation in England. Sixty dollars per ton was the usual deduction in those days before gold and silver was paid for. Smelting was done with wood as fuel, and the capacity of the furnace was about 10 tons per diem. Shortly after this Professor Hill formed an alliance with Richard Pearce, who was running what, if I recollect aright, was called the Swansea Works, at the bend of the river approaching Georgetown.

Jan 4, 1915