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By AIME AIME

THE United Electric Coal Companies, operating large strip mines at various points in Illinois, pioneered in developing and perfecting the strip method of mining coal by use of large shovels and drag-lines. Coal stripping was first started on the properties owned by this company near Danville, Ill., in 1885. The first mechanical' excavating machine used for the purpose was really a dredge minus the hull, which had been purchased from the Marion Steam Shovel Co. It was erected on a wood frame supported by wheels and was referred to as a dry-land dredge or stripping machine. Wood was used throughout in the construction of this primitive excavator, even for the boom which was 50 ft. long. A single-cylinder vertical steam engine furnished power to hoist the %-yd. dipper arid swing the boom. 400 cu. yd. of overburden moved in a day was a great record.

Jan 1, 1936

By FLOYD T. TAYLOR

IN 1833, less than one hundred years ago, Michael Faraday discovered and stated the laws of electrolysis. His discovery formed the foundation of a new use of metals which has now reached a variety of application not ordinarily appreciated. Furthermore, things can be done with electro-deposited coatings which have thus far defied other methods. Some of the uses of electro-deposited coatings are interesting. The tonnage of metals already finding an outlet through such a channel is considerable. In general electro-deposits have two characteristics: ornament plus utility; utility plus ornament. Both these factors are usually found associated in electro- deposits. Ornament plus utility was probably the first use. For example, the silver-plating of tableware, having its real birth in Birmingham, England, about 1844. However, this same ornament plus utility retarded the development of electro-plating, because in the beginning, electro-plated articles were branded with the odium of imitation and shunned accordingly. The gold brick of the swindler may be an exception to this statement.

Jan 1, 1929

By Charles H. Moore

In the study of the properties of rutile pigments it became apparent several years ago that certain physical and optical properties could not be determined on particles of pigmentary size. Since reflected light is the dominant type which reaches the eye from small particles, the true color of pure rutile was not known. Most rutile pigments are acicular in habit, elongated parallel to the "c" axis. It was considered important to know the nature and tone of light transmitted, for example, by a basal plate. Further, as shown by spectrophotometric curves, there is a very strong absorption of light of 4000 k as measured on particles with random orientation. It would be interesting to see whether this absorption position varied with predetermined and selected orientations. Also, since the behavior of titanium pigments in a vehicle is important, a knowledge of the surface wettability of single crystals by various media should prove very fruitful. Finally, the optical properties of rutile are such that it should show, in a single pure crystal, greater fire and brilliance than the diamond. Mineralogists had long speculated that this would be the case and curiosity was strong to produce a single crystal large enough to cut.

Jan 1, 1949

By AIME AIME

IN ACCORDANCE with the provisions of the Rules of Procedure of the American Engineering Standards Committee, the American Society for Testing, Mate-. on Feb. 15, 1921, submitted for approval by the A. E. S. Committee certain Standard Specifications for Copper, all of which were adopted or in process prior to Jan. 1, 1920, and sent with the standards the following histories of development and statements of use. FOR SOFT OR ANNEALED COPPER WIRE (B3-15) These specifications were originaly adopted by. the American Society for Testing Materials in 1912. They were prepared by a committee of the Society designated as Committee B-1 on Copper Wire. The committee consisted of eleven members; representatives of five manufacturers of -copper wire, of four manufacturers of electrical apparatus, and of two firms of consulting and contracting engineers. The members of the committee were designated by the officials of the companies to act as their representatives in the committee.

Jan 1, 1921

Meeting of Mar. 27, 1914.-President Thayer announced the appointment of H. S. Munroe as a member and E. Gybbon Spilsbury as Chairman of the Library Committee of the Institute. The President announced the appointment of the Committee on Papers and Publications, the Technical Committees, the Committee on Increase of Membership, and the Committee on Junior Members and Affiliated Student Societies. The President announced the appointment of Dr. George F. Kunz as a member of the Reception Committee of the International Engineering Congress, 1915. It was voted that the Institute accept the invitation of the Mining and Scientific Press to occupy space at the Panama-Pacific Exposition next to them and avail itself of the service of their representative to receive and register members of the Institute who visit this space during the exposition.

Jan 5, 1914

By T. W. Atkins

ATHOUGH the magnesium industry in this country is about thirty years old, not until American industry began to amaze the rest of the world and confound our enemies with the extent and variety of our war production did the industry begin to come into its own. At the outset of the war, only three companies were producing and fabricating magnesium in this country. Today, about sixty companies are producing, casting, forging, extruding, rolling, and stamping this lightweight champion of metals. Experience in alloying, processing. and fabricating the metal gained during the war years is now being translated into hundreds of civilian peacetime applications. In no sense should magnesium be considered as a substitute for other metals. It has come into popular favor because If many unique properties in addition to is being the lightest known structural metal. These attributes are toughness, igidity, corrosion-resistance, and the ease with which it can be machined and worked. Magnesium is the third most abundant element in nature. Sea water, magnesite,

Jan 1, 1946

By R. E. Frounfelker, W. M. Hirthe

INVESTIGATORS in the areas of plasticity, crystal growth, and stress analysis have a need for crys-tallographic data such as the interplanar angles. This information is utilized in the form of a stereo-graphic projection from which orientation determinations can be made. Calculations of mechanical properties, such as the critical resolved shear stress, require values for the angles between directions as well as the interplanar angles. Only a limited amount of this data is available for tetragonal crystals. The equations for these angles are relatively simple but because of the large numbers of angles involved and the infinite number of structures that could be investigated, it was decided to program these calculations on a high speed digital computer. The angle, 8, between two crystal planes (h1 k1 l1)

Jan 1, 1962

By J. Philibert, A. G. Guy

Diffusion in the presence of deformation was studied by the method of vacuum dezincification of copper-rich and silver-rich solid solutions containing 7 to 30 pct Zn. The specimens were designed to permit the study of diffusion in separate portions of a given specimen characterized by strain rates ranging from essentially zero to approximately 10 sec-. No effect of deformation on diffusion was observed. BEGINNING with the work of Buffington and Cohen: interest in the question of the effect of stress or strain on diffusion has largely been concentrated on the enhancement of diffusion in specimens subjected to Continuous plastic deformation. The present research is a contribution to this limited area. However, as a preliminary to focusing attention on this special topic, it will be desirable to make a broad survey of the larger question, especially since there has been considerable foreign work in areas outside those of current interest in the United States. Since most of the topics referred to in the following section are both complex and imperfectly understood at present, it has been expedient in most instances to offer only a guide to the general nature of the work rather than a critical evaluation. PREVIOUS WORK The effect of elastic stress on diffusion has received considerable attention, especially with regard to the thermodynamic driving force for diffusion. The thermodynamic treatments have been based on the work of Gibb, Voigt, Planck, and Leontovich.' Konobeevskii and Selisski6 made a first attempt at treating the problem in 1933, and Gorskii7 a few years later gave a solution applicable to single crystals as well as to polycrystalline specimens. In 1943 Konobeevski8 published treatments that have been the basis of much Russian work up to the present. For example, Aleksandrov and Lyubov used his work in explaining the velocity of lateral growth of pearlite. Early work in the United States was that of Mooradian and Norton, which showed that lattice distortion tends to be relieved before it can significantly affect the diffusion process. Druyvesteyn and Berghoutl1 observed a slight effect of elastic strain on self-diffusion in copper, while de Kazinczy12 found that both elastic and plastic deformation increased the rate of diffusion of hydrogen in steel. On the other hand, Grimes58 observed no effect of either elastic or plastic straining on the diffusion of hydrogen in nickel. High-frequency alternating stresses have been reported by various investigator s13-l5 to increase the rate of diffusion. A special form of elastic stressing is the imposition of hydrostatic pressure, a condition that is amenable to Conventional thermodvnamic analysis. Most of the experimental results in this area are consistent in showing a slight decrease in diffusion rates at high pressures.16-l8 Although Geguzinl reported a pronounced effect of relatively small pressures, Barnes and Mazey20 failed to Corroborate this finding, while Guy and Spinelli21 advanced an explanation of the phenomenon observed by Geguzin. It has been recognized that the thermodynamic treatment of diffusion phenomena in an arbitrarily stressed body is complicated by the fact that the desired state of quasi-equilibrium of the shear stresses cannot be maintained during a general diffusion process. However, attempts have been made by Meix-ner22-24 and Fasto to treat certain restricted cases, such as relaxation. FastovZ7 has also incorporated the general stress tensor into the thermodynamics of irreversible processes. The lattice strain that accompanies the formation of a solid solution has been the subject of much study,28-s0 and indirectly it has entered into many recent theories of diffusion. However, some Russian investigators31'32 have taken other views of this matter and have predicted large effects on diffusion rates because of concentration stresses.o In completing this brief resume of previous work involving elastic strains and before proceeding to a consideration of the effect of continuous plastic deformation, it should be pointed out that deformation of various additional types may also influence diffusion. The effect of cold-working on subsequent diffusion has been studied directly by AndreevaS and by Schumann and Erdmann-Jesnitzer, while indirect evidence has been obtained by Miller and Guarnieri and by Vitman.38 Thermal stresses may also influence diffusion, contributions to this subject having been made by Fastovs7 and by Aleksandrov and Lyubv. The work of Johnson and Martin,o Dienes and Damask,3Band DamaskS considered the question of radiation-enhanced diffusion. In considering previous work on the subject of plastic deformation and diffusion, attention will be directed to those studies concerned primarily with diffusion rather than with its relation to Creep, e.g., the work of Dorn, or to the acceleration of diffusion -controlled reactions. Observations of the effect of

Jan 1, 1962

By G. V. Cullen, N. G. Siviour

It has previously been reported that metal loadings of up to 6.8 m. eq/g. of dry coal can be obtained by contacting brown coal or lignite with ammoniacal solutions of ammine forming metals. Application of equilibrium expressions to further experimental results indicates that the extraction is by ion exchange, that the exchange is divalent-univalent for Zn, Cd and Ni, but is mainly univalent-univalent for Cu, and that to obtain reasonably uniform values for the equilibrium constants correction formulae must be applied to compensate for multiple functionality of the coal and its pH dependence in ion exchange. The results are shown to be consistent with the hypothesis that metal ammine complex cations are exchanged for protons derived from carboxyl and/or phenolic hydroxyl groups in the coal.

Jan 1, 1981

By J. H. Jackson, P. D. Frost, C. H. Lorig, L. W. Eastwood, A. C. Loonam

It is well known that for equal weights of material, thin sections of the lighter structural alloys are more resistant to buckling under a compressive stress than thin sections of more dense material. Therefore, structural parts having the same resistance to buckling stresses are generally lightest when they are made of magnesium alloys. Consequently, there is considerable interest in the development of strong alloys having densities equal to or lower than that of magnesium and strength-weight ratios equivalent to those of the strongest aluminum alloys. The development of commercial magnesium-base alloys has been very successful, and their importance among materials in the structural field has been amply demonstrated. However, an even wider structural application of magnesium alloys might be effected if improvements could be made in the cold rollability and cold-forming characteristics. Such improvements, along with production of less directionality in properties. could be effected if the hexagonal close-packed lattice of present alloys could be replaced with a cubic lattice. In 1942, a project, having as its objective the improvement of some of the characteristics of commercial magnesium-base alloys, was initiated at Battelle Memorial Institute under the sponsorship of the Mathieson Chemical Corporation. At that time, one of the authors,* then Chief Metallurgist for the Mathieson Chemical Corporation, postulated that the addition of lithium to magnesium in sufficient quantities to change the crystal structure of the resultant alloy from a hexagonal to a body-centered cubic lattice should produce a magnesium-rich alloy which would have the desired improvements in cold-working characteristics with less directionality in properties. To test this view, a series of alloys was made and was found to have many of the attributes that were predicted. The view that magnesium-lithium alloys were of structural interest was also held by others. In 1943 and 1945, Dean and Andersonl,² obtained patents on magnesium-base alloys containing from about 1 to 10 pct lithium, from about 2 to about 10 pct manganese, and the balance substantially all magnesium; and on magnesium-base alloys containing from about 1 pct to about 10 pct lithium, from about 2 to about 10 pct manganese, from about 0.5 to 2 pct silver, and the balance substantially all magnesium. They noted that an alloy containing 83 pct magnesium, 10 pct manganese, 5 pct lithium, and 2 pct silver could be cold rolled by any of the usual methods and that this alloy was considerably harder and stronger than most other magnesium-base alloys heretofore available. In 1945, Hume-Rothery, et al.,3 predicted that magnesium-lithium base alloys should be soft and ductile and that such compositions, to which was added a third element for the purpose of producing a precipitation-hardening type of alloy, should be ductile, strong, and lighter than magnesium itself. Hume-Rothery investigated the binary magnesium-lithium and ternary magnesium-lithium-silver equilibrium relations and criticized the existing equilibrium diagrams. The binary magnesium-lithium equilibrium diagram has also been investigated by Grube, Von Zeppelin, and Bumm, Henry and Cordiano, Sal'dau and Shamrai, Hof-mann,' and Shamrai.8 The work of most investigators agreed with that of Grube, whose constitution diagram is shown in Fig 1. From the standpoint of development of structural alloys, the room-temperature equilibrium relations are of great interest. An examination of Fig 1 reveals that, from 0 to 5.7 pct lithium, the existing phase is alpha, which is a solution of lithium in hexagonal magnesium. The boundary between the alpha, and alpha plus beta regions, occurs at a Mg/Li of 16.5, corresponding to 5.7 pct lithium by weight. Between 5.7 pct and 10.3 pct lithium, there exists a mixture of the alpha phase (lithium dissolved in hexagonal magnesium) and the beta phase (magnesium dissolved in body-centered-cubic lithium). The boundary of the alpha plus beta and beta regions occurs at a Mg/Li of 8.7, corresponding to a lithium composition of 10.3 pct. Much of the work described here was directed toward obtaining an alloy made up of a large proportion, or entirely, of the body-centered-cubic beta structure. In his early work, Loonam found that specimens of lithium-bearing alloys were very malleable. Ingots of alloys prepared at that time were extruded to 3/8-in. diam bars, and the mechanical properties and the effects of heat treatment were then determined. These data are given in Table 1. The outstanding ductility of the alloys, combined with their moderately high strength, evoked considerable interest.

Jan 1, 1950

By Robert C. Paddock

INTRODUCTION A way of producing 3,000 tpd from the El Mochito Mine was needed. Of this production, 2,000 tpd must come from the San Juan orebody. The original sub-level stoping method did not give satisfactory results due to ground instability, and the highly irregular ore/waste contacts encountered . The experience gained from the initial system helped guide research into the ground instability problem. Results from this work, combined with knowledge gained about the orebcdy configuration, defined constraints that were previously not fully appreciated. These constraints, and others, combined with objectives, were considered together to develop a new mining method. No single technique was found to be suitable, so a hybrid mining system was developed. A combination of ramping, cut and fill, and vertical crater retreat, with an option to use top heading and benching was developed. To complement the mining system, the type of equipment needed was decided upoun. Also, to support the mining system at this expanded rate of product ion, major modifications of existing infrastructure were required. THE EL MOCHITO MINE The El Mochito Mine, of Rosario Resources Corporation, has been in continuous product ion since 198. The mine began operations in April of that yeas at a rate of 100 tpd. The reserves in 198 were 100,000 tons of silver ore assayed at 1,250 grams per tonne. As of the end of 1979, the El Mochito orebodies have produced over 5.6 million tonnes of ore averaging 516 grams per tonne silver, 6.8 lead, and 7.8% zinc. Present ore reserves are about 7.9 million tonnes, averaging 138 grams per tonne silver, 4.6% lead, and 8.7% zinc, with minor quantities of copper, cadmium and gold. An expansion plan to increase mill production two fold to 2,500 tonnes per day is underway. This expansion will require the mine to produce 3,000 tpd. The mine consists of numerous orebodies, all of which have been mined to a certain extent. Of all the orebodies, the San Juan contains 8% of known reserves. This amounts to about 6.7 million tonnes. The significance of the San Juan orebody to the future life of the El Mochito Mine is obvious. If the required mine production of 3,000 tpd is to be sustained, the San Juan must be the source of the majority of that production. Due to the mineability and overall logistics concerned with the other orebodies, the San Juan must be able to reach and maintain a production rate of 2,000 tpd by 1982. GEOLOGY OF THE SAN JUAN OREBODY The El Mochito Mine is a classic example of a chimney replacement deposit in limestone. Similar deposits axe found in Mexico, at the Naica, Providencia, and Santa Eulia Mines. The El Mochito Mine is located at the south- western end of the Sula Valley on the western edge of the Honduras Depression in the Central Cordillera and Central Highlands of Honduras in a setting of Mesozoic sediments. The orebodies occur in a structural basin developed between NNE trending normal faults and apparently hinged on the south end. Topographically, the Mochito Basin lies between the uplifted Santa Barbara mountain in the west and the Palmer Ridge on the east. The San Juan orebody occurs near the intersection of the NE trending San Juan fault and the ENE trending Porvenir fault. The downward continuation of the orebody is controlled by the westward rake of these NW and N dipping structures. The discovery of the San Juan orebody is attributed to analysis of structural evidence of known ore deposits by in-company geologists. The composition of the San Juan orebody is primarily garnet skarn, with local concentrations of hedenbergite and magnetite. The economically important sulfide mineralization consists of (in decreasing abundance), sphalerite , galena, pyrrhotite , and chalcopyrite. There is some indication that a Cu-Ag mineral such as tetrahedrite may also be present. The skarns were formed by replacement of the original limestone by hydrothermal water migrating upward roughly along the intersection between the Porvenir fault system and the San Juan fault system. Textural evidence suggests that the orebody is a composite of several pulses of hydrothermal activity which would explain, in pat, the great irregularity of the contacts and the large horizontal variation in mineralogy. A general pattern of skarn types can be seen in the orebody, partially accounting for the observed lateral variation in grades. This zonation is very generalized, and one or more zones may be missing in any given locality. The orebody is almost invaxiably surrounded by a 2 cm to 25 cm zone of bustamite skaxn with low values. The border skarn is usually

Jan 1, 1981

By Bradley Stoughton

A LL over our great country I have been privileged to see, during the last six weeks, the manifestation of a new spirit among engineers. Partly under the inspiration of leaders whose influence has been felt not only nationally, but internationally, - partly through the recognition of the service that engineers have been able to render to the nation during the recent crisis, a new self-consciousness has been acquired by the individuals, and now this self-consciousness seeks expression in opportunities for service and participation in public affairs. The engineer . no longer sees himself a mere reservoir of information to be tapped when some one is in need of cold facts, no. more an administrator of mere material things, but a potential administrator of- public affairs, a citizen and a human being, with the responsibilities, as well as the privileges of citizenship.

Jan 1, 1920

By Roscoe W. Stensrud

Marcona Mining Company operations are located 500 kilometers south of Lima, Peru, on the Pacific Coast, at approximately 15º-22' latitude south and 75º-11' longitude west. The terrain is sandy rolling hills ranging from sea level at the coast and rising sharply (escarpment) to an elevation of 800 meters at the mine area. The climate is arid and windy with a moderate year-round temperature, ideal for a year-round mining operation. San Juan, a new and modern community of 14,000 inhabitants and developed by Marcona, houses the working forces and their families.

Jan 11, 1968

By WM. E. Mlligan

IN the last year, much information had become available as to the extent that zinc participated in the war effort. The importance of foreign zinc in this program had been indicated by Bateman (M&M April 1945) as of the order of 400,000 tons annually in zinc or contained zinc. Pehrson (M&M April 1945) reviewed the domestic ore-reserve situation with respect to most minerals and metals and showed the extent to which commercial zinc ores had become depleted in this country. This picture was further darkened by O.P.A. figures appearing in E.&M.J. July 1945 in which figures for total production during the three previous years were broken down into percentages produced under ceiling and various quota price categories. True, factors other than depleted ore reserves contributed to this picture. Among the more important of these, were shortage and high cost of labor, both skilled and unskilled, and the general difficulty and cost of maintaining adequate equipment and supplies. The cost of production in the Tri-State district was most affected.

Jan 1, 1946

The Engineering Council met on October 11 in the rooms of the American Society of Mechanical Engineers, Engineering Societies Building, New York. The Rules Committee submitted a draft of rules for the admission of other societies to the Council and progress was made in their consideration. The Committee on Public Affairs reported on a number of requests that the Council support pending or proposed legislation. Remedial laws intended to promote hydro-electric development were favored and Council voted to offer its cooperation to the United States Chamber of Commerce which is interesting itself in this matter. A movement to coordinate, unify and strengthen the work of various engineering committees cooperating with the federal authorities at Washington was favorably considered. Messrs. H. W. Buck and Charles. Whiting Baker were appointed Council conferees. CALVERT TOWNLEY, Secretary.

Jan 12, 1917

By R. E. Rettger

The area referred to in this paper is the southern part of the Permian Basin lying in southwest Texas and southeast New Mexico (Fig. I). Those fields lying along the northern rim of the basin; namely, the Panhandle fields, are not included. The fields within this area are

Jan 1, 1930

By B. S. Old, E. R. Poor

PRODUCING more steel without major capital investment in new plants is one of the most perplexing difficulties which confront the nation's postwar steel industry. The lack of scrap at a reasonable price results in an especially heavy pressure being brought to bear on the pig-iron production facilities which consist of 245 blast furnaces scattered throughout the country but concentrated most heavily in the Pittsburgh-Chicago area. Present demands exceed the total optimum output of these existing blast-furnace plants. Management hesitates to authorize erection of new plants on a scale sufficient to satisfy 'the demand for pig iron for two main reasons: first, extensive building under the present high costs of construction would greatly increase . the over-all capital investment per ton of iron capacity; and, second, the amount of steel necessary for a major construction program would upset the already tight supply-demand situation. The answer to the problem would then seem to be the development and application of a method which would increase the capacity of existing blast furnaces with a minimum of alterations and expense. Experiments consisting of operating a blast furnace at higher-than-normal top pressures, as proposed by Arthur D. Little, Inc., were carried out by the Republic Steel Corp. initially during World War II, and much more extensively during the past twenty months. The results of the Republics trials indicate that pressure blowing is a solution to the problem of increasing pig-iron capacity without necessitating major changes to existing equipment.

Jan 1, 1948

Professor Jenney has performed a notable service in presenting this summary of the steadily increasing body of observation on the presence of carbon in rocks of all kinds and its probable influence upon ore-deposition, and in formulating a mode of comparing directly the relative resistance of minerals to oxidation, as well as their reducing-power, and the protective action which minerals having higher reducing-powers exert in preventing the oxidation of associated minerals which possess relatively lower affinities for oxygen. I have had an opportunity of observing a vein which falls within the scope of his interesting discussion. The vein at Ku Shau Tzu, Mongolia, lies directly across a contact of limestone and overlying bituminous shales. Probably it occupies a compression-fissure. The shale has been reduced to such a condition of' non-coherence that much of it can be crushed in the hand, producing a handful of angular fragments resembling beech-nuts in shape and size. In the limestone the metals are principally in argentiferous galena with some pyrite and blende; but the latter two are very subordinate in quantity to the galena. In short, it is an every-day lead-vein in limestone, with siliceous limestone gangue. It is one of those veins in which the ore is not continuous, but consists of a band in the country-rock in which seams of lead sulphide begin at one wall and cross in a bent form, increasing in thickness, to the other wall, where they thin out and end. This may indicate torsional stress, but the shape of the lenses points to some other action. They often ran nearly parallel to the hanging-wall for a considerable distance and crossed the vein on a moderate angle, but turned sharply along the vein on approaching the foot-wall. The intermediate rock contains nodules, bunches and specks of ore, and the lenses vary exceedingly in size, shape and position in the vein.

Jan 1, 1903

By Frank Haas

THE public generally has-become aware that there is something wrong with the coal industry and a clamor has arisen for an explanation if not a remedy for this disorder. It is only reasonable that this Institute be looked to for a diagnosis to show the way for some other .agency to prepare the patient for prescription or operation. The subject is extensive, widely diversified, and beyond the efforts of an individual to cover completely; one of the objects of this paper is the initiating of a symposium on the non- technical factors essential to an understanding of the bituminous coal industry. The present condition of the coal industry cannot be described in a few words but, in effect, it resolves itself into a simple statement: The average coal operator is losing money notwithstanding a firm conviction on the part of the consumer that he pays too much for his coal. Without enumerating the many and varied. factors which contribute to this condition, this paper will be devoted to the interrelation of taxation and ownership of coal and its effect on finance

Jan 1, 1930

By Joseph E. Pogue

NEW economic forces are at work in the petroleum industry.. In order to visualize these forces and clearly see their bearing on the producer, refiner and marketer, it is necessary to see in perspective the economic evolution of the business. For several decades prior to 1913 the outstanding feature of the petroleum industry was a trend toward integration, culminating in a huge combine, the Standard Oil Co. An important aspect of this integrative trend, however, was its concentration on the combination aid control of refining and marketing, leaving crude oil production, for the most part, to the exigencies. of small-unit competition. It is a noteworthy coincidence that during this era the law of oil and gas was formulated and applied, whereby these substances had to be reduced to possession to establish ownership; and the forces of competition in crude oil production were thereby intensified. It was to the interest of an industry, safeguarded in its control of manufacturing and markets, to have supply stimulated by legal convention as well as by individual initiative in order that the growing demand could be met without interruption. And so over-production of crude oil during this era was no handicap, but rather an aid, to the progress of the industry.

Jan 1, 1929