Search Documents

By M. W. Von Bernewitz

The Bureau of Mines receives frequent requests for information on the treatment of mercury ores, but as its own and almost all other publications on mercury are out of print, the Bureau has prepared this circular on the metal for the prospector and operator of small mines and plants. Mercury, commonly though improperly termed ?quicksilver?, is the only common metal that is liquid at ordinary temperatures. Mercury is used in the amalgamation of gold and silver, in power boilers, explosives, friction-less bearings, laboratory apparatus, lamps, medicine, paint, rectifiers, and for ?silvering.? The last mentioned is being superseded by silvering with silver. The use of mercury boilers may increase when they are thoroughly understood, but amalgamation is -being replaced to some extent by the use of corduroy and other collecting mediums, such as jigs and flotation cells.

Jan 1, 1937

By Jos. R. Guiteras

This paper describes the operations of the St. Joe Mining & Milling Co. in Boulder County, Colo., as of June 1936. Later a brief visit was made to the mine in September 1936; information obtained at that time has also been recorded. The company operates a gold mine, the Grand Republic, in the Sugar Loaf mining district; a 100-ton flotation mill in Lefthand Canyon near Gold Hill; and a custom sampling punt, the Boulder Ore Sampling Works, at Boulder, Colo.

Jan 1, 1937

By Earl F. Hastings

The Pilgrim mine, operated by the Pioneer Gold Mining Co., is 9-1/2 miles west of Chloride in the Pilgrim mining district on the eastern slope of the Black Mountains, or River Range, Mohave County, Ariz. In March 1937, 100 tons of gold ore per day were being mined and milled at the property by a total force of 5i men. Climatic conditions allow year-round operations. Due to present activity in the county there is an ample supply of labor for the requirements of the mine. The Pilgrim is the only producing property within s radius of 6 miles; recently, however, the South Pilgrim Mining Co. has launched a development campaign on claims that adjoin the Pioneer Co. property to the south.

Jan 1, 1937

By C. E. Julihn

In the fall of 1933 a new discovery of gold was made in the old Mojave mining district of California about 70 miles north of Los Angeles. It led to mining operations that have surpassed in their results all reasonable expectations and are of exceptional promise for the future. In less than 3 years, exploration has opened up a number of veins, from some of which a substantial amount of high-grade ore has been shipped, while a large tonnage of milling ore has been disclosed. Two mills, operating on ore averaging better than $12 a ton, will probably produce more than a million dollars worth of gold in 1936, and a considerable increase of their output in the following year is anticipated. While continuance of these operations for a number of years is already assured by ample reserves of ore, future discoveries of still other veins are reasonably possible, as occurrence of gold throughout the volcanic rocks of the district is widespread and the veins now being mined showed little to attract attention at the surface.

Jan 1, 1937

By J. M. Wolverton

CONSIDERABLE interest has always been taken in Safety-First and First Aid at the Sullivan mine. Even during the early days of development, Safety-First committees periodically held meetings, while lectures in first aid were given to any employees interested in the work. In 1929, a Safety Department was organized, and all accident-prevention and first-aid work was put in charge of a full-time Safety Engineer. An extensive programme has gradually been developed, the value of which can best be indicated by the reduction of the accident rate from 18.4 shifts lost per 1,000 shifts worked for non-fatal accidents and two fatalities for 1927, to 3.24 shifts lost per 1,000 shifts worked and no fatalities for 1936. SUPERVISION All work connected with accident prevention or first aid is under the jurisdiction of a central committee, known as the Accident Prevention Committee, which meets regularly once a month. It consists of all superintendents, department heads, foremen, and shift bosses, and is presided over by the Safety Engineer. At these meetings, the accident records of the previous month are reviewed and all accidents carefully analyzed and discussed. All proposed changes in the safety rules or in the accident tprevention programme are taken up and passed upon. Complaints or suggestions from the Safety-First Committee and the Employees Co-operative Committee, dealing with safety, are discussed and passed upon or a subcommittee is appointed to investigate and take any action found advisable. The question of underground ventilation and dust control, which recently has become a very important problem, always receives considerable attention.

Jan 1, 1937

By A. W. Frolli

This paper, describing the mining and reduction methods and costs at the Oceanic quicksilver mine, is one of a series of similar reports being prepared by the Bureau of Mines on various mines in the United states. The property, which is owned and operated by the Anglo American Mining Corporation, Ltd., is 5 miles east of Cambria, San Luis Obispo County, Calif. It lies in a region of steep hills and sharply incised canyons on the west slope of the Santa Lucia Range at an elevation of about 500 feet above sea level. The climate is ideal for living and operating conditions. A 40-mile paved highway connects the mine with San Luis Obispo, the nearest convenient railroad town.

Jan 1, 1937

By J. U. MacEwan

THE basis on which the modern metallurgical industry is operated is the endeavour to attain maximum return in purchasing power for the least expenditure of energy. This has always been the general objective of the industry, as of all industries. In recent years, however, it has received a new emphasis. Today, as never before, increased attention is being directed to the detailed study of plant operations and the application of scientific knowledge and of business principles in order to achieve the maximum efficiency. This new emphasis is the result in large part of the new problems and conditions with which the industry has been confronted, chief among which are the following: (l) Development of new ore-bodies and the treatment of complex ores. (2) Necessity of achieving a greater degree of purity in some of the metals in order to meet the newly discovered demands for some of the industrial metals. (3) Discovery of new markets for many of the metals, either in pure form or in the form of alloys. ( 4) Change in values, absolute or relative, of some of the important metals. (5) Increasing scale of investment in expensive plant and equipment, which makes imperative most efficient utilization if total unit costs are to be kept to a minimum. (6) Increasing scale of operations in some important branches of the industry, which also makes essential maximum efficiency in organization, administration, and operation. The success with which the metallurgical industry has met the problems created by these changing conditions has been due primarily to the following factors: (1) Results of research and experimental work carried on by universities, government laboratories, and many private corporations in the industry itself. (2) Closet study of every detail of plant operation, both from the technological and from the economic point of view, with the object of increasing plant efficiency. (3) Interchange of information and experience amongst the operating companies. It is only by the concerted efforts of numerous investigators and experimenters that the underlying fundamentals of plant operations can be learned. The exchange of results permits their easy assembly and correlation with maximum benefit to the whole industry. Unnecessary duplication of research and experimental work is avoided and the industry as a whole is able to reap the fruits of this work with the maximum of-speed and efficiency. (4) Advances made in recent years in so-called 'scientific management' in industry as a whole and the application of the principles learned to the metallurgical industry. A review of the modern trends in extractive non-ferrous metallurgical processes illustrates the afore-mentioned new conditions and problems, and gives some idea of the methods by which they have been and are being surmounted.

Jan 1, 1937

By Roy A. Lindgren

Since the year 1643, when the first blast furnace in America for treating iron ore was built at Saugus, Mass., out of mica schist quarried in the neighboring district, the procurement of a suitable refractory for furnace lining has been a problem of concern to the operators of furnaces. The stacks built of mica schist continued to smelt iron ore until about 1836, when, according to F. H. Norton, the first firebrick were produced1, at Queens Run, Pa. Other writers speak of brick having been molded and burned in Massachusetts about the year 1834. In 1841, Andrew Russell began to produce medium refractory plastic clay brick near East Liverpool, Ohio, that were used for lining blast furnaces1. The well-known Kentucky clay-producing district was not opened up until the year 1871, but since then it has produced a large percentage of the linings for iron blast furnaces. While some strides have been made by the refractories industry during the 100 years that have passed since the first firebrick were produced, it has been only during the last two decades that any real progress has been made towards bettering the product, even though the method of production had improved. Perhaps the fault lies with the user of the brick rather than with the producer, for not sooner demanding a superior product. During the past 15 years the tonnage produced per lining has increased from 500,000 gross tons to 1,000,000 gross tons, and now some furnaces are producing 1,600,000 gross tons and better on a single lining. It is true that enlarged capacity of furnaces and improved practice have accounted for some of this increase in tonnage, nevertheless better quality in firebrick must be given credit for its share. However, we are not yet ready to say that we have reached a maximum life of furnace lining. We believe that a better product can be produced and that the refractories industries of America will, through their extensive research depart-

Jan 1, 1937

By F. E. Minshall

FoR more than 30 years California has been one of the three leading oil-producing states. Present daily production of crude oil under curtailment, approximately 580,000 bbl., comes from three general areas: Los Angeles Basin, San Joaquin Valley, and the coastal region of Ventura and Santa Barbara Counties. This state produces approximately two-thirds of its oil from eight large fields, and obtains a daily average production of 48 bbl. of oil per producing well, whereas the average for the United States is but 8.15 barrels. During the closing stages of the first half of 1936, discovery of the Section Ten oil field was made, and credit goes solely to geophysical work. It is the first direct important discovery of oil in California that may be credited to geophysics. This discovery may furnish the cue to the means of discovering several fields in California, particularly in the San Joaquin Valley. It is a question, however, whether returns from geophysical work will play as important a part in the future supply of oil in California as have our former types of prospecting. Explobation Methods of prospecting have progressed in the oil industry through invention or improvement in scientific means of locating and defining structure and because of market improvements in drilling equipment. Present methods of prospecting include: 1. A detailed study of geology in an attempt to locate structural and stratigraphic conditions that would be favorable to the accumulation of oil. 2. Geophysical methods involving the use of the seismograph, torsion balance, magnetometer and electrical methods. (There is still much to be learned in California in the application of geophysical methods.) 3. Use of micropaleontology as an aid in correlation,. The principal improvements in drilling equipment are: 1. The Schlumberger dipmeter, which determines the direction of formation dip in an uncased hole.

Jan 1, 1937

By Oliver Hall

This paper sketches the mining at Noranda as it would be sketched to a visiting engineer. It does not follow quite the usual form, but is presented somewhat along the lines of a conversation. TO give the mining at Noranda its proper perspective, it is necessary to sketch the whole picture and outline: 1. History 2. Metallurgical Problems 3. Exploration 4. Mining Methods 5. Mining Details 6. Filling 7. Pillar Extraction 8. Costs HISTORY Noranda is a relatively young enterprise, with much of the personal character of its founders woven into it. The name Noranda is an abbreviation of Northern Canada and the name has been a happy one for an enterprise based on northern resources, tenacity and courage. The discovery credit goes to Ed. H. Horne. This intrepid prospector returned again and again to his sulphide discoveries on the shores of Osisko lake and, in 1922, after ten years of prospecting, succeeded in interesting S. C. Thomson and H. W. Chadbourne in his discoveries. The early exploration by L. K. Fletcher, from 1922 to 1925, for Thomson and Chadbourne, indicated promising, but somewhat perplexing, ore conditions. Mr. E. Hibbert and Mr. H. L. Roscoe rook on the task of preparing the mine for production and building a smelter in 1926, and this difficult task in this isolated area made steady progress and the smelter was blown-in in December, 1927.

Jan 1, 1937

By N. T. Avard

THE profitable disposal and utilization of much of our slack coal, lignite, and other low-grade fuels is one of the major problems facing the coal mining industry of Canada today. It is my belief that the pulverization process applied to these fuels opens the door to greater efficiency and greater prosperity, and I wish to discuss briefly with you some features of its development and advantages to date. Indeed, the art of burning pulverized coal under stationary boilers is one of the romances of modern engineering. As a Nova Scotian, I feel some pride in the fact that at Chignecto Mines, N.S., was built in 1906 the first pit-mouth power plant on the North American continent. This was built to make effective for the first time Edison's dream of carrying coal for power by wire rather than by rail. This plant, built by the Maritime Coal, Railway and Power Company, Limited, success-fully utilized underfeed stokers for twenty years but in 1927 was replaced by a more modern plant equipped with machinery for burning pulverized coal, which is now operating very successfully. A further source of pride is the fact that the first boilers on this continent to be operated by pulverized coal were installed by the Dominion Coal Company at New Waterford, N.S., in 1912 and were satisfactorily operated during the lifetime of the plant. It is an acknowledged fact that average living conditions on a large part of the North American continent are far superior to those of any other people on earth. The reason is that we use so much more machinery per capita, and cheap power supply has been a large factor in bringing that about. Statistics show that where one horse-power was used one hundred years ago to assist man in his work, five hundred horse-power is used today. Truly a remarkable development and the key to our present high standard of living. Lack of coal in the chief industrial centres of Canada has forced the extra-ordinary development of the water powers which Providence has placed in those centres. How many of us realize that Canada stands second in the world in the per capita development of hydro power, Switzerland being first and the United States sixth? From this condition, we are reminded of the fact that the per capita foreign trade of Canada far exceeds that of our great neighbour to the South-but another illustration of the benefits accruing from our great power development.

Jan 1, 1937

By Maurice Hall Haycock

ONE result of the higher price of gold has been the exploitation of many low-grade deposits, the successful treatment of which depends upon obtaining high recovery of the contained gold. Modern methods have made it possible to recover gold from many ores formerly regarded as impossible to treat economically, but in order to apply these methods efficiently it has become desirable, and indeed in many cases indispensable, to gain precise information concerning their mineralogical and physical character. The most successful means of doing this is the use of the reflecting microscope. Reflecting microscopes had long been employed by metallurgists for studying polished surfaces of iron and steel when, thirty years ago, Dr. W. Campbell, of Columbia University, advanced the idea of using similar methods for studying opaque minerals (1). The immediate result was the completion of two microscopic studies, the first on Cobalt silver ores (2) and the second on Sudbury nickel ores (3). The idea was surprisingly slow in being adopted, and not until 1911 did it begin to spread through the universities of this continent. From then on, ore microscopy, or 'mineragraphy', made rapid progress, and, during the next fifteen years, research in universities of North America and Europe led to the development of somewhat specialized apparatus and technique. This phase of development, which resulted largely in contributions of a descriptive nature, furnished a mass of data from which the possibility of economic applications was soon recognized. Ore microscopy became an aid to the mining geologist in solving many problems of ore deposition. This soon led to its application in the study of ores and mill products in connection with their treatment. Its usefulness in this latter field has been very marked and has led to its widespread adoption by the mining industry.

Jan 1, 1937

By Hans Lundberg

PREFACE THE successful conclusion of all geophysical work depends on the operator's skill and sound judgment, as well as on his knowledge of geology and geophysics. We have been fortunate enough to have as co-workers a number of very good men. Some results of their work are summarized in this paper, and it is a pleasure to acknowledge their cheerful spirit of co-operation and the enthusiasm and loyalty with which they have assisted in the building of a geophysical organization to serve the Canadian mining industry HISTORY Geophysical prospecting is commonly, but quite erroneously, regarded as something new. The name is modern, but the principle of applying physical laws to reveal the presence of hidden ore is several hundred years old. Already, at the beginning of our civilization, the need was strongly felt for methods that could indicate the presence of ore in regions where the ore-bodies were completely masked or hidden from the eye. Particularly in countries where the rocks have been eroded during periods of glaciation and later covered by a thick mantle of glacial debris, all kinds of mysterious schemes were invented to locate the hidden ore. Often magic was resorted to (for example, the divining rod), but methods based on sound principles were also developed. Such features as topography, colour and taste of surface waters, and the growth and occurrence of trees and plants, were used to reveal certain types of ore deposits. For finding bodies of iron ore, the compass was very early in use. The fact that objects of iron attract a compass needle was utilized in prospecting long bef01:e the time of Columbus, and a systematic search for bodies of iron ore by this method was organized as early as the year 1600. There are still in existence documents, dated a little over 300 years ago, which show that the Swedish Chancellor of that day, Axel Oxenstiorna, ordered dozens of sun-dial compasses from instrument makers in Germany. The Swedish Government at that time employed a great number of prospectors to search systematically for iron ore. This Government undertaking must have been quite successful, as a number of iron ore-bodies were found in areas covered by heavy overburden. These prospectors were simply Government 'geo-physicists', although they were not known by this fancy name.

Jan 1, 1937

By C. M. Campbell

IN 1902, a famous Canadian geologist made the following statement : ?'From what we know row of the iron-ore fields of the Province, we may feel that Ontario is assured of a great future as an iron-ore producing country. Judging from the extent of the territory over which the newly discovered ranges have been found, Ontario should in the not far distant future take her place as one of the chief iron producers in the world". In 1905, an official of the Department of Mines said: "In ten years Canada will have b:ecome a great metallurgical country. You will see an iron industry in this Dominion larger than in any country in the world. Canada will yet furnish the world with its iron supply. It will be the same with iron as with wheat. A decade from now Canada will outstrip all other countries in wheat growing. The production of iron at a cheaper rate than it can be made elsewhere will cause Canada to take a similar position as far as iron is concerned". In 1924, a former President of the Institute, in arguing his claim for inconceivable mineral wealth in this country, stated as a "certainty" that iron-ore deposits on the scale of the ones in Minnesota would be found "again and again" in the Canadian Precambrian. In 1930, a Minister of Mines announced that "The country surrounding Churchill holds large deposits of valuable iron and coal", and he stated that, at that place, 'We will have an industry in iron that will compare with Pittsburgh". These statements are definite promises, just as definite and important as the statement "I promise to pay" on a note, and they are not fulfilled by casually stating, as is the habit, that someday we will work our low-grade iron ores. Nor are they fulfilled by stating, as is often done, "Oh, So-and-So did not mean that ' . Due to their importance and to the prominent positions held by the men who made these statements, they were widely circulated throughout Canada. They were taken at their face value, and on the strength of them and many more of the same kind in regard to our other resources we have planned and built, at huge expense, provinces, governments, civil services, railways, and other equipment. The reserves that were to justify these expenditures have not appeared. There has not been a ton of iron ore mined in Canada for many years, and important commercial reserves are unknown. We have built the mill, but adequate ore is lacking.

Jan 1, 1937

By H. W. C. Prommel

The increase in the price of gold in 1933 was the cause of starting many activities in gold prospecting and mining; it led to investigations of many of the so-called desert placers in the Southwest, which heretofore had not been deemed of commercial importance. Among these, attention was called to some of the gravel beds in the vicinity of the Randsburg-Atolia mining districts of Kern and San Bernardino Counties, Calif., in which gold and scheelite, (calcium tungstate, CaW04) were said to be present. Following a partial sampling and testing of the gravel, large-scale operations were begun in 1935. During the same year more detailed sampling and testing of the gravel beds were done by the author. During 147 days, 1,239 test holes 28 inches in diameter were drilled; their total depth amounted to 16,705 feet. These test holes furnished 2,495 samples of an average volume of 1.0583 cubic yards bank run each; all of the material was run through a sample mill constructed on the property. Original and rather unusual sampling and testing methods had to be used; milling and mining methods for large-scale operations also offered difficulties. The primary purpose of this drilling and sampling campaign was to determine, over a large area, the amounts of gold and scheelite recovered by placer methods such as were already in use on the property. This paper describes sampling and testing methods employed by the author during the 1935 drilling campaign. LOCATION The gold and scheelite placer deposit is in the Atolia tungsten mining district about one-half mile west of the small mining town of Atolia and about 5 miles south of Randsburg in the Randsburg gold-mining district. The deposit lies near the foot of the Rand Hills, in the Mojave desert. The territory is served by hard-surfaced roads from the north and south; Los Angeles is 150 miles to the southwest. A branch of the Southern Pacific Railroad passes within 5 miles of Randsburg.

Jan 1, 1937

By Roy A. Lindgren

SINCE the year 1643, when the first blast furnace in America for treating iron ore was built at Saugus, Mass., out of mica schist quarried in the neighboring district, the procurement of a suitable refractory for furnace lining has been a problem of concern to the operators of furnaces. The stacks built of mica schist continued to smelt iron ore until about 1836, when, according to F. H. Norton, the first firebrick were produced', at Queens Run, Pa. Other writers speak of brick having been molded and burned in Massachusetts about the year 1834. In 1841, Andrew Russell began to produce medium refractory plastic clay brick near East Liverpool, Ohio, that were used for lining blast furnaces'. The well-known Kentucky clay-producing district was not opened up until the year 1871, but since then it has produced a large percentage of the linings for iron blast furnaces. While some strides have been made by the refractories industry during the 100 years that have passed since the first firebrick were produced, it has been only during the last two decades that any real progress has been made towards bettering the product, even though the method of production had improved. Perhaps the fault lies with the user of the brick rather than with the producer, for not sooner demanding a supe¬rior product. During the past 15 years the tonnage produced per lining has increased from 500,000 gross tons to 1,000,000 gross tons, and now some furnaces are producing 1,600,000 gross tons and better on a single lining. It is true that enlarged capacity of furnaces and improved practice have accounted for some of this increase in tonnage, nevertheless better quality in firebrick must be given credit for its share. However, we are not yet ready to say that we have reached a maximum life of furnace lining. We believe that a better product can be produced and that the refractories industries of America will, through their extensive research depart-

Jan 1, 1937

By Leon T. Eleiel

Ten years ago a broad knowledge of aerial mapping, coupled with a smattering of geology, qualified one to speak on the subject of the application of aerial mapping to geology. Today, with aerial maps a common tool in the hands of expert geologists on every continent throughout the world, it would be nothing short of presumptuous for the author of this paper, who is not a geologist, to give any geological statements on his own authority. Relatively, today we are only purveyors of general geological gossip, with a definite case here and there by way of illustration. But we can present a story of the really marvellous strides that have been made in the evolution of aerial mapping, built around a skeleton of geological tidbits, from which some useful conclusions may be drawn. The average geologist goes about reading his aerial maps much as one would approach the problem of deciphering a cryptogram. To begin with, typical key expressions appear in recurring sequences and under certain conditions. If once the meaning of these isolated bits of information can be ascertained, the message begins to take meaning. In a similar fashion, the geologist works out his key from aerial maps of territory with which he has some familiarity. He learns that a certain type of thin, white line may mean a vein of quartz. He sees that a certain change in the photographic tone of vegetation on the ground reflects two kinds of soils on opposite sides of a contact. He sees that a certain type of alignment of topographical features often means a fault. He learns that by the erosion pattern he can frequently distinguish soft formations from harder ones. And so, bit by bit, he ties together the information of the picture with his experience on the ground until he develops a reasonably creditable capacity of interpretation. Through the complete gamut of surface conditions, ranging all the way from flat, arid, exposed desert terrain to dense jungle, or rugged mountains, the evidence from which the geologist must make his interpretation varies with bewildering profusion. The quality of photographs which are obtainable may range from perfect pictures in the desert to almost useless smudges in the steaming jungles. One thing he has learned with certainty—the airplane carrying its mapping camera is a superb reconnaissance tool, only awaiting his ingenuity in correlating the pictures with the ground to simplify most exploratory problems.

Jan 1, 1937

The primary purpose of the Institute is to advance those sciences embraced by it through interchange of knowledge This can best be done by the presentation and discussion of technical papers by its mem¬bers Short practical papers are especially welcome In any case the author should satisfy himself that his material is of a quality that will be a credit to him and to the Institute The preparation of a good paper frequently leads to a reorientation of the author's thoughts, which is extremely valuable, and pertinent dis¬cussion thereof contributes in no small way to the professional standing of the author Members are urged to submit papers presenting the results of their work Attention to the following suggestions will greatly further the prompt and efficient handling of manuscripts 1 Subjects: The subject must be within the field of the Institute Original work, the results of field, plant, laboratory or theoretical investigations, new views on old but important problems and occasion¬ally reviews of timely and important subjects of wide interest to our members may constitute the basis of a paper The mere fact that the work is original does not necessarily justify publication it must be of a substantial nature, of value to a reasonable number of our members and worthy of permanent record It is rarely desirable to subdivide the results of a single research for publication in a variety of journals Pre¬vious publication is a bar to acceptance 2 Construction : Papers should be clearly and concisely written in good English Care in this regard insures wider reading and the saving in space permits the Institute to publish more papers The terminology and units employed should be those current in the particular field An examination of Institute publications will afford useful guidance in such

Jan 1, 1937

By O. H. Metzger

This is the first of two papers dealing with construction and use of aerial tramways in the metal-mining industry. It describes practices and equipment used in tramway construction and discusses the design of tramways. The second paper will describe the construction and operation of tramways and give operating costs. ACKNOWLEDGMENTS The author acknowledges the cooperation of a number of cable and tramway manufacturers Who supplied practical manufacturing data and other valuable information. Full credit for formulas used in the design of aerial tramways it given' to Edward B. Durham3/ and F. C. Carstarphen.4/

Jan 1, 1937

By Earl Oliver

CONTENTS PAGE A.I.M.E. Stabilization Committee Activity 3 Definition of Capture Rule: Robert E. Hardwicke 4 Westmoreland Natural Gas Co. vs. DeWitt 5 Kelly vs. Ohio Oil Co 5 Bernard vs. Monongahela Gas Co 6 Definition of Ownership in Place 7 Prospective Stabilization Remedies 7 Dean Roscoe Pound's Four Tests of Practicability 7 I: Mechanically Feasible 8 Capture Rule 8 Ownership in Place 10 Mechanical Separation Method 10 Engineering Appraisal Method. 11 II. Economically Advisable. ., . 13 Capture Rule 14 Ownership in Place 14 III. Politically Wise 14 Capture Rule 14 Ownership in Place 17 IV. Legally Sound 18 Capture Rule 18 Ownership in Place 19 Dean Henry M. Bates' Analysis 19 Resume 22 THE A.I.M.E. Stabilization Committee was named in 1932 to ascer-tain whether some practical substitute could be devised for the Rule of Capture, which was generally credited with being the major cause of instability in the Petroleum Industry. After considerable intercommittee correspondence a letter was received from. E. DeGolyer under date of Jan. 25, 1935, in which he discussed the possibility of modifying rather than discarding the Rule of Capture. He summarized his proposal as follows:

Jan 1, 1937