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By C. Richard Tinsley

INTRODUCTION Project financing has been defined by various authors in this book. It is founded on reliance upon the project's own future cash flows and secondarily on the collateral value of the asset base developed. It is chiefly provided by the banking community who, after an assessment of the risks involved (See Chapter 9) analyse the company's presentation (See Chapter 10) in order to structure a financing package often at a leverage of up to 80% debt. This paper describes the various support and structuring techniques used to delimit and abate the risk components perceived from the banks' experience on project development especially for the period before cash flow is generated (pre completion). ADVANTAGES The advantages of project financing extend beyond the offloading of risks to banks. Among the advantages are the following: 1. Longer loan maturity than conventional, unsecured financing; 2. Loan disbursement and repayment tailored to specific mine; 3. Ability of a joint venture without a "track record" to raise financing; 4. Obtain financing where further direct borrowing (corporate credit) limited by existing indentures; 5. Possibility of arranging finance off-balance sheets; 6. Leverage return on equity; 7. Obtain tax savings with certain project financing structures; and 8. Obtain flexible loan repayment conditions. It can also be said that from the point of view of the company, project financing has certain disadvantages which can be summarised as follows: 1. Perceived higher cost (risk premium) compared with straight corporate credit; 2. More documentation; and 3. Need to negotiate risk-sharing aspects. The main attraction of project financing is the ability to pass certain risks on to the lenders within a flexibly funded transaction. (For a more detailed description of the specific risks see the author's paper at the beginning of Chapter 9. The same risk system is followed here.) The typical project financing has corporate support prior to completion and will usually carefully control the resultant cashflow after completion to ensure the bank does not unnecessarily assume further risks of an equity nature. WITHIN THE COMPANY'S CONTROL Operating Risk This is broken into three interrelated segments for ease of description. Technical Component: This must be specifically addressed if new technology or unproven adaptations are to be used. The banks will have scrutinized the sampling and bulk testing work, perhaps grilling the geological, mineral processing, metallurgical, and mining engineering staff or consultants directly. A number of supports are available such as: TECHNOLOGY GUARANTEE: Either the company itself or the process developer will guarantee that the technology will work for a period of, say, six months to two years after startup. If not, then financial penalties will apply although these are rarely sufficient to repay the loan. Many process developers are weak financially and may have little substance to back such a guarantee.

Jan 1, 1985

By C. R. Holmgren

A large consolidated sand core was used in this investigation. Four groups of experiments including gas drives, water drives, and water drives combined with gas injection, were made. The results of the gas-drive experiments indicate that greater ultimate recovery may be obtained by higher pressure gradients. However, other considerations challenge the absolute veracity of this conclusion. Results indicate that with connate water present and a low pressure gradient during a gas drive, less gas is required to produce a given amount of oil. The saturation gradient determined during a gas drive is presented. Results of the water-drive experiments indicate that the recovery of oil is not a function of either gradient Or input rate. The presence of initial gas saturation resulted in a slightly lower final oil saturation. Injection of sufficient gas to maintain the initial gas saturation during a water drive resulted in lower final oil saturation. Introduction With the demand for petroleum products reaching an all-time record high and the location and exploitation of new reserves becoming more difficult and expensive, the oil industry must look to more thorough and efficient methods of producing the petroleum already located. Much of the previous work along these lines is exploratory and suggests a more complete investigation. For example, a great amount of laboratory work has been done on flooding sands initially saturated roo pct with oil. Since sands saturated roo pct with oil rarely, if ever, exist in nature, and because the water content is a vital factor in the ultimate recovery from the sand, laboratory investigations on cores without water must be supplemented by comparable work on cores with water present.1'2 Other investigators have done a considerable amount of laboratory work using gas and water drives.3 Krutter and Day4 have reported results of investigations using cores saturated IOO pct with oil and have concluded that " the ultimate recovery obtained, using air drive, from a completely oil-saturated core depends on the pressure gradients used. The higher the pressure gradient, the greater will be the recovery until a certain Pressure range is reached above which the reward of increased recovery is much smaller for similar increments in pressure." Yuster and Day6 conclude that less gas and less time are required to produce a given quantity of oil at high pressure gradients than at low pressure gradients; they also conclude that an increase in the viscosity of the oil requires a proportionate increase in the gas needed for recovery. Their results indicate that the gas required to produce a given quantity of oil is greatly reduced by the presence of connate water. R. C. Earlougher2 concluded, based on results of water-flooding a large number of

Jan 1, 1949

By C. G. Dunn

MANY investigations have been made concerning the nature of plastic deformation and recrystallization of metals either in the form of polycrystalline materials or in the form of single crystals. However, similar work on strip materials composed of large grains as thick as the strip and having a high degree of preferred crystal orientation has not been carried out extensively. Such materials are ideal not only for studying changes in single crystals under conditions where neighboring grains exert their influences but also for obtaining the, complete change in orientation of a grain or group of grains during the course of plastic deformation and subsequent recrystallization. It is well known that first-order twins in the form of Neumann bands may be produced during the plastic deformation of ferrite crystals, particularly silicon ferrite crystals.1-3 Furthermore, it is believe that high-stress regions exist in the vicinity of these bands4a and it has been said that these banded regions would be active in recrystallization processes.5 Evidence to that effect in silicon ferrite had already been presented with photomicrographs showing recrystallization among Neumann bands during the early stages of recrystallization.5,6 Similar evidence has been published for nonferrous metals.5 Merging of fine parallel deformation bands during annealing to form twin bands of ordinary appearance in alpha brass has been offered not only as evidence of an active role being played by mechanical twins but also as evidence that such twins existed prior to recrystallization.5 Proof that such new structures are actually first-order twins, or even twins at all, must be considered inadequate except for those cases where X-ray or optical data have been obtained to confirm the necessary orientation relationship.7,8 A. B. Greninger has obtained excellent iliustrations of annealing twins in alpha irons Since his material was previously deformed by sharp hammering, a process that generally induces Neumann bands, the existence of twins following annealing might suggest that they grew from mechanical twins. In connection with transformation twins in alpha iron, Greninger reported that grains containing. three twin orientations occurred rarely and none occurred with three sets of well-developed bands.9 The work at the Pittsfield Works Laboratory on silicon ferrite in the form of large-grained strip steel deformed a small amount and annealed to partially recrystallize the grains indicates that the deformation and recrystallization processes that lead to annealing twins involve more complex processes than the formation of Neumann bands and the growth of such bands. Some groups of annealing twins are obtained which contain not only three well-developed twin structures, but also contain more than one order of twins. It is also shown, in one case, that an interrelated group of twins did not arise within one single parent grain and, furthermore, orientations of grains in the group

Jan 1, 1944

By Frank Foote, E. R. Jette

In recent years the constitution of the high-silver aluminum-silver alloys has been extensively investigated. Hansenl has reviewed the literature to 1935. More recently, Obinata and Hagiya,2 Hofmann and Volk,3 Taziri4 and Tishchenko5 have confirmed the general features of the phase diagram in the region around 25 atomic per cent aluminum. In this paper we present the results of high-precision measurements of lattice constants of the silver-rich alpha solid solution in the homogeneous range and the neighboring two-phase regions. These results are used to establish the nature of the solid solution, the identity of directly measured densities with those calculated from lattice constants and the homogeneity limits of the alpha solid solution with respect to three different neighboring phases. A study of the earlier investigations indicated that the last two subjects in particular required new and accurate data. Experimental Procedure Preparation of the Alloys.—The alloys were made from high-purity silver and aluminum. The silver was "Proof Silver," 99.999 per cent pure, supplied by the U. S. Metals Refining Co. The aluminum was 99.97 per cent pure (contained Si, 0.009 per cent; Fe, 0.0016 per cent; Cu, 0.004 per cent) and was supplied by the Aluminum Company of America. The lattice constants of these two materials have been reported by Jette and Foote.6 Weighed amounts of the two metals were placed in alundum crucibles and melted in vacuo in a high-frequency induction furnace. The melts were allowed to cool in the crucible, the ingots thus obtained weighed about 10 grams. These ingots were then filed clean, hamered, again cleaned and given a homogenizing anneal in vacuo of from 6 to 15 days at temperatures ranging from 500" to 695°C. The ingots were air-cooled from the annealing temperature. Lattice-constant Measurements.—Carefully prepared filings for X-ray analysis were sealed into evacuated quartz or Pyrex tubes and annealed for various periods of time at suitable temperatures. The furnaces used were vertical, rapid-quenching furnaces, the samples being quenched by crushing the sample tube under water by means of a heavy plunger. The general X-ray technique has been previously described6 The cameras were of the symmetrical, back-reflection, focussing type. Ka, radiation from a cobait-nickel alloy target was used. The wave-length values were taken from the second edition of Siegbaum's book.7 A correction for the index of refraction was applied and the lattice constants were calculated by the method of Cohen.8, 6 The lattice constants were calculated to a common temperature of 25°C., using the value of the linear expansion coefficient of pure silver as 18.9 X 10-6. Presumably the expansion coefficient for

Jan 1, 1941

By Frank Foote, E. R. Jette

In recent years the constitution of the high-silver aluminum-silver alloys has been extensively investigated. Hansenl has reviewed the literature to 1935. More recently, Obinata and Hagiya,2 Hofmann and Volk,3 Taziri4 and Tishchenko5 have confirmed the general features of the phase diagram in the region around 25 atomic per cent aluminum. In this paper we present the results of high-precision measurements of lattice constants of the silver-rich alpha solid solution in the homogeneous range and the neighboring two-phase regions. These results are used to establish the nature of the solid solution, the identity of directly measured densities with those calculated from lattice constants and the homogeneity limits of the alpha solid solution with respect to three different neighboring phases. A study of the earlier investigations indicated that the last two subjects in particular required new and accurate data. Experimental Procedure Preparation of the Alloys.—The alloys were made from high-purity silver and aluminum. The silver was "Proof Silver," 99.999 per cent pure, supplied by the U. S. Metals Refining Co. The aluminum was 99.97 per cent pure (contained Si, 0.009 per cent; Fe, 0.0016 per cent; Cu, 0.004 per cent) and was supplied by the Aluminum Company of America. The lattice constants of these two materials have been reported by Jette and Foote.6 Weighed amounts of the two metals were placed in alundum crucibles and melted in vacuo in a high-frequency induction furnace. The melts were allowed to cool in the crucible, the ingots thus obtained weighed about 10 grams. These ingots were then filed clean, hamered, again cleaned and given a homogenizing anneal in vacuo of from 6 to 15 days at temperatures ranging from 500" to 695°C. The ingots were air-cooled from the annealing temperature. Lattice-constant Measurements.—Carefully prepared filings for X-ray analysis were sealed into evacuated quartz or Pyrex tubes and annealed for various periods of time at suitable temperatures. The furnaces used were vertical, rapid-quenching furnaces, the samples being quenched by crushing the sample tube under water by means of a heavy plunger. The general X-ray technique has been previously described6 The cameras were of the symmetrical, back-reflection, focussing type. Ka, radiation from a cobait-nickel alloy target was used. The wave-length values were taken from the second edition of Siegbaum's book.7 A correction for the index of refraction was applied and the lattice constants were calculated by the method of Cohen.8, 6 The lattice constants were calculated to a common temperature of 25°C., using the value of the linear expansion coefficient of pure silver as 18.9 X 10-6. Presumably the expansion coefficient for

Jan 1, 1941

By D. C. McLean, S. A. McKay

The purpose of this paper is threefold: 1) to describe actual ground control installations made at the various mines of the International Nickel Co. (Canada) Ltd mines in Sudbury, Ont. during a planned test program. 2) to suggest new ground control techniques which are now possible by the use of fully grouted bolts 3) to indicate the possible economic advantages to be gained by the use of resins and resin grouted bolts to control difficult ground conditions. Were a theme selected for this paper it would be: "Preserve the original roof in best condition possible by the use of smooth blasting techniques and fully grouted roof bolts — since the original rock is the best and cheapest material available for ground support." TYPES OF BONDED BOLTS As has been shown previously, there are several ways in which a bolt may be bonded. These are illustrated in Fig. 1 and 2. There are three general types of grouted bolts: 1) pretensioned, 2) post-tensioned, and 3) untensioned. The type which will be of most benefit to the user will depend upon the particular ground support problem involved. Despite the many arguments propounded for the necessity for using a tensioned bolt, ample evidence exists from actual experience that untensioned bolts can be effective in many instances. The outstanding characteristic of a grouted bolt is that it provides the user with a variety of rock consolidation techniques heretofore unavailable with conventional rock bolts. Many of the unusual characteristics of grouted reinforcing bar have been evaluated by researchers in the concrete structure field.' Underground application has largely been pioneered in the construction field, with especially good work being reported from the Snowy Mountains Hydroelectric Authority in Australia. Techniques developed there using cement grouted bolts are now being adapted in many large government construction projects in this country with excellent results. The ap- plications described in this paper are those in which Cyanamid's Roc Loc Mining Kits were used exclusively. SLUSHER DRIFTS AND FINGER RAISES (BOX HOLE BROWS, DASHES) A common mining problem especially where block caving methods are applied is that of maintaining the roof in slusher trenches particularly at the intersections of the trench with the feed raises (box holes) through which the large fragments of broken ore tumble. Typical sections are shown in Fig. 3 and 4. In Fig. 3, the drift is normally driven 7 ft wide by 8 ft high initially. The rock involved is a hard norite (diabase) which is usually competent but has "block cleavage". This roof has a tendency to fall out in large blocks when subjected to operating stresses. Depending upon the initial condition of the roof, the drift is either lined with 2 to 3 ft of concrete immedi-

Jan 1, 1964

By E. P. Pfleider, O. Rellensmann

In the May 1959 issue of [=] the authors reported on the gyrotheodolite as used for determining azimuths in surface and underground work. Further research has led to the development of a new type of gyro instrument, the band-suspended gyro attachment, which is essentially an upset gyro attached to the top of a theodolite. The new gyro attachment is light enough to be mounted on any angle-measuring instrument if the design of the telescope standard permits. Gyrotheodolite units have been used to transfer meridian lines underground in the Coeur d'Alene mining district, although they have not been used extensively in the U.S. In other parts of the world, however, they have been adopted as the standard surveying instrument by mining engineers.

Jan 3, 1968

By R. H. Card

THE geophysicist is interested greatly in the resistivities of different formations or parts of the earth's crust; sometimes he is interested in a single figure in the nature of an average, or what may be called the effec-tive resistivity, of all the formations or parts of the crust at a given location to a certain depth. Conversely, the engineer whose work is concerned with the coordination of power and communication lines in such a manner as to avoid electrical interference between these two types of facilities is concerned very much with this effective resistivity; to a lesser extent he is interested in the resistivities of individual forma-tions. In connection with his work the coordination engineer often estimates the effective resistivity; of the earth from measurements of the mutual impedances of lines; in other instances he derives front measure-ments of a different type the resistivities of different layers of the crust and synthesizes these to obtain an estimate of the effective resistivity. In connection with problems concerning the coordination of power and telephone lines, measurements from which earth resistivities can be estimated have been made at many points in the United States by the American Telephone and Telegraph Co. and its associated companies, in cooperation with various power companies and with railroad companies having electrified sections of line. Other such measurements have been made by the Joint Subcommittee on Development and Research of the Edison Electric Institute and the Bell Telephone System. A study has been made of the correlation of these data with the ages and types of materials of the strata of the earth's crust at each of the test locations. The purpose of this study has been primarily to provide information to assist in predicting the order of magnitude of effective resistivities to be used in the preliminary consideration of problems con-cerned with the coordination of power and communication lines. To make the results of such a study, most useful, it is essential that the geo-logical data to be secured when such a prediction is wanted be readily obtainable. Data on the ages of strata and the types of materials com-posing geological structures can usually be obtained, therefore particu-

Jan 1, 1937

At a large meeting of the members of the American Fund for French Wounded it which Mr. Franklin D. Roosevelt presided and at which Mrs. B. Girault Lathrop, President of the Paris Administration A. F.F. W., gave a most interesting address, special rows of seats were reserved for the members of the W. A. A. I. M. E. Those who were unable to be present will be glad to hear that Mrs. Lathrop complimented our organization on having supplied the largest dispensary operated by the A. F. F. W. and the Red Cross in northern France. The A. F. F. W. is going to erect an American Memorial Hospital at Rheims and it is hoped that the one hundred beds in the hospital will be endowed in memory of the men who gave their lives for the liberty of the world. It will be possible not only to endow beds, for which sums of $6000 each are needed, but also to give, as. memorials, sun- parlors at a cost of $10,000 each, two roof gardens at $5000 each, a laundry at $10,000 and a garage at $10,000. The New York Section has undertaken to endow a heel in memory of members of the A. I. M. E. who gave their lives in the Great War. Perhaps other Sections or groups of Sections may wish to do the same thing, or if no other Section cares to assume so much responsibility possibly individuals may like to join the fund already growing in New York, in which case they should send their contributions to Mrs. W. Y. Westervelt, 1 Lexington Ave., New York, N. Y.

Jan 6, 1919

By Henry S. Drinker

The Musconetcong tunnel is situated in New Jersey, near the line of the Central Railroad of New Jersey, about twelve miles from Easton, on the Easton and Amboy Railroad, the latter being the extension of the Lehigh Valley Railroad to tide-water. Up to the present time, the terminus of the Lehigh Valley Railroad has been at Phillipsburg, N. J., opposite Easton, passengers connecting there with New York by the Morris and Essex (D. L. and W.) and New Jersey Central lines; freight and coal being forwarded by the Morris and Essex to tide-water at Hoboken, and by the Central Railroad to Elizabethport and Port Johnson ; also, by the Belvidere and Delaware connections through Trenton to South Amboy.

By Henry S. Drinker

THE Musconetcong tunnel is situated in New Jersey, near the line of the Central Railroad of New Jersey, about twelve miles from Easton, on the Easton and Amboy Railroad, the latter being the extension of the Lehigh Valley Railroad to tide-water. Up to the present time, the terminus of the Lehigh Valley Railroad has been at Phillipsburg, N. J., opposite Easton, passengers connecting there with New York by the Morris and Essex (D. L. and W.) and New Jersey Central lines; freight and coal being forwarded by the Morris and Essex to tide-water at Hoboken, and by the Central Railroad to Elizabethport and Port Johnson ; also, by the Belvidere and Delaware connections through Trenton to South Amboy.

Jan 1, 1875

By Erkki Laurila

INVESTIGATION of the methods of analyses for magnetite and ilmenite in the Otanmäki iron-titanium ore and respective mill products has resulted in certain improvements in the methods conventionally employed. The outcome of the investigations is summarized as follows: 1-Development of a diamond-drill core analyser for the determination of magnetic susceptibility of drill cores containing magnetic minerals. 2-Development of a magnetite-ilmenite analyser for pulverized products. 3-Development of a potentiometric method of chemical analysis for the determination of iron, vanadium, and titanium in succeeding steps from one test sample. 4-Proposal for a continuous and automatic magnetite assay method.

Jan 9, 1951

PROF RICHARD ÅKERMAN Stockholm, Sweden DR FRANK DAWSON ADAMS Montreal, Canada PROF RICHARD BECK Friberg, Germany ANDREW CARNEGIR New York, N.Y. DR. JAMES DOUGLAS New York, N.Y. PROF HATON DE LA GOUPILLIERE Paris, France SIR ROBERT A. HADFEILD London, England PROF HANS HOFFER Leoben, Austria HERBERT C. HOOVER Leoben, Austria JAMES FURMAN KEMP New York, N.Y. PROF HENRI LOUIS LE CHATELIER Paris France EZEQUIEL ORDONEZ Mexico City, Mexico DR ROSSITER W, RAYMOND New York, N.Y. PROF RICHARD H, RICHARDS Boston Mass. DR. ING H. C. EMIL SCHROEDTER Dusseldorf, Germany JOHN E. STEAD Middlesborugh, England PROF DIMITRY CONSTANTIN TSCHERNOFF St Petersburg, Russia PROF TSUNASHIRO WADA Tokyo, Japan CHARLES D WALCOT Washingtion D.C.

Jan 1, 1923

By John F. Blandy

Every new mining district has had its own peculiar experiences in inventing and experimenting upon new methods for the various operations of mining, and more particularly in the processes of crushing and dressing ores. As a matter of course, during this period many old things have been reinvented, patented, and cast aside, there to remain until at a future day other geniuses shall bring them forth again as new. In this respect the Copper Region of Michigan has not been behind other mining centres, and probably in no other part of the country has more money been expended in devising new machines and improvements upon old ones for the crushing of the rock. The appliances for washing the sand have not been so varied, simply for the reason that, having but one mineral, or rather metal, of high specific gravity to separate from rock material which varies but little in its character in any one mine, it requires much less care than is necessary in most mining centres of the world. At the beginning of operations in that district most of the work was in the control of Cornish miners, who introduced the simplest of Cornish mills, namely, wooden stem pestles, with wooden shafts and cams. These were well suited to the small mines, and particularly to the limited means of transporting more expensive machinery. As these facilities improved, they were enabled to change to iron, and to vary their patterns of rods, shafts, cams, and mortars. The most approved pattern, finally obtained, is the square or round stem, with collar adjustable by means of keys. In its present form it is a bar of cold rolled shafting, an eye in the top, an adjustable collar with key-plate and keys, the head and a shoe of chilled iron. The stem is fitted into the head by a slight taper. The battery has heretofore been of wood, lined with chilled cast plates, and bed-plate of the same, but within the past year the California pattern has been introduced. The screens are of sheet-steel, drilled with 16 holes to the inch. During this period of trial and gradual improvement in the pestle stamps, in the years 1855-6, the Ball steam-stamps were introduced, and after years of labor and expense, have been made the most efficient and powerful machines ever yet used for the purpose. It is ostensibly the Nasmyth steam-hammer, and yet the

By Albert A. Mathews

OUTCROPS of gypsum rock near the present site of the city of Gland Rapids, Mich., were known to fur traders early in the nineteenth century. However, the deposits seemed without value and were not worked for some time. So far as cat1 be learned, Michigan gyp- sum was first used by a plasterer who settled in Grand Rapids in 1834 as a member of its fourteenth white family. In building a house for one of the early traders, be used some otnamental stucco mouldings manufactured from the local gypsum deposits for decorations in the gables and around some circular windows. The gypsum was broken out with a hammer, ground in an Indian corn mill, and burlled in a caulclron kettle,. After two attempts, the ornaments were successfully set, and remained on the house until it was destroyed by fire in 1850.

Jan 1, 1936

By E. W. Krampert

The oil industry was very active in Wyoming in 1936, in contrast to the several quiet years preceding. Production for the year again increased about 7 per cent, following an 8 per cent increase in 1935. During the year, 85 oil wells were completed, compared to 55 in 1935. Three gas wells were completed in 1936, and three in 1935. At the end of the year 45 wells were drilling, as compared to 55 drilling at the end of 1935. Two new oil fields and one new gas field were discovered in Wyoming during the year. In the year 1936 Wyoming produced 14,475,431 bbl. of oil, a gain of 1,001,081 bbl. over the 1935 figure of 13,474,350. This increase, in the main, was due to the taking of light oil from the newly developed Sundance sand pool at Lance Creek, and from the new fields, Quealy and Medicine Bow, which contributed their first production this year. Most of the other old fields either were partly shut in in competition with the new fields, or showed a normal decline. This was especially noticeable in the black-oil fields, where production had been slowly but steadily increasing for a number of years. During 1936 black-oil production decreased approximately 100,000 bbl. as compared to 1935. The only black-oil field to show marked increase was Garland, which managed to take the market from less favorably located fields. The production of Wyoming in 1936 was 11,358,757 bbl. of light oil and 3,116,674 bbl. of black oil. Salt Creek, with a production of 6,015,000 bbl., is still the largest single oil-producing field, accounting for 42 per cent of the year's total production. Lance Creek, an old field, with newly developed production in the Sundance sand, reached second place this year for the first time in its history, with a production of 1,878,486 bbl. Lance Creek production will almost equal that of Salt Creek in 1937, if the present rate of production is maintained during the coming year. Oregon Basin, a large black-oil field, held second place in 1935, but owing to a greatly lessened demand for its production, dropped back to third place in 1936. This was in part due to greatly increased light oil available, and in part to the greater supply of black oil available at

Jan 1, 1937

By R. Adair, W. R. Hudspeth, W. T. McDaniel

A NEW method for concentrating the flake mica either from present washing plant tailings or from new feed has been developed. In this paper, flake mica refers to that which occurs in weathered granites, alaskites, pegmatites, and schists in a form too fine to be considered sheet mica. It ranges in size from 1 in. or more down to 200-mesh or finer and occurs with kaolin, quartz, and partially kaolinized feldspar. Scrap mica, a term often used indiscriminately to describe everything other than sheet mica, will be used to denote the waste product from sheet mica mines and fabricating plants. Both flake and scrap mica are used in the mica grinding plants to produce wet-ground or dry-ground mica, although some flake mica recovered from clay mining operations is fine enough to be marketed without grinding.

Jan 3, 1951

By T. A. Rickard

T HE life and career of Daniel Cowan Jackling constitute a distinctive part of a passing era, marked by the intensive exploration and exploitation of the mineral resources of the western regions of the United States. In the development of his abilities and in the use of his opportunities, he typifies the initiative, the energy, and the skill of a modern captain .of industry. Daniel C. Jackling was born at Hudson, Mo., on Aug. 1.4, 1869. He was the only child of Daniel Jackling, born in England of English parents, and Lydia Jane (Dunn) Jackling, born in the United States, but of Scottish ancestry. His father died a few months after he was born, and he lost his mother less than two years later. The orphan boy was adopted by his aunt. He went to school as soon as he was old enough to walk the two miles, and back, alone. As opportunity offered, he went

Jan 1, 1937

By AIME AIME

COUNCIL.* PRESIDENT OF THE COUNCIL. CHARLES KIRCHHOFF NEW YORK, N. Y. (Term expires February, 1912.) VICE-PRESIDENTS OF THE COUNCIL. BENJAMIN B. LAWRENCE NEW YORK, N. Y. JOSEPH W. RICHARDS SOUTH BETHLEHEM, PA. ALBERT SAUVEUR CAMBRIDGE, MASS. (Term expires February, 1912.)

Feb 1, 1912

By AIME AIME

COUNCIL.* PRESIDENT OF THE COUNCIL. D. W. BRUNTON DENVER, COLO. (Term expires February, 1910.) . VICE-PRESIDENTS OF THE COUNCIL. J. PARKE CHANNING NEW TORE, N. Y. FREDERICK W. DENTON PAINESDALE, MICH. JOHN B. FARISH DENVER, COLO. (Term expires February, 1910.) W. C. RALSTON SAN FRANCISCO, CAL. IV. L. SAUNDERS NEW TORE, N. Y. H. V. WIINCHELL ST. PAUL, MINN. (Term expires February, 1911.)

May 1, 1909