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By Hans Lundberg

AFTER the war years, great activity has been shown in geophysical exploration for ore. The appreciation by mining and government geologists of geophysical techniques and results is largely responsible for the popularity of these methods. In Canada, plans are being made to study, by geophysical methods, the structure of a portion of the Pre-Cambrian shield in the hope that such studies will not only give a clearer picture of the geology, but will be of direct aid to the mining companies when selecting areas for detailed prospecting. Although geophysics thus has become more popular, some engineers are still reluctant to employ the methods to their full extent. Allotted funds are often rather low, so that the least expensive

Jan 1, 1947

By A. R. Jr. Amos

LOG washers have been used for many years in the washing of clay iron ores, phosphate rock and manganese ores, but not until the past 15 years have they been employed to any extent in the preparation of aggregate materials and fluxing stone. For a machine of such importance where tenacious clay or soft rock must be eliminated, there are few data generally available. The purpose of this paper is to set forth the results obtained from several operations, together with a few suggestions for planning a specific installation. Where the material to be washed out consists of loose surface soil, silt, or small amounts of quickly soluble clay, there is little competition with other forms of washers, because greater power and maintenance are required for the operation of log washers, but where the foreign matter is a stiff clay, such as occurs with high-calcium limestones and in marginal gravel deposits, the ability of other kinds of washers to eliminate com-pletely the hard clay balls is at least uncertain. Then the log washer comes into its own field, for with the breaking and churning action of the logs it will clean out the toughest clay. Even with material from the hydraulic dredge, if it contains tough clay, the log washer is desirable unless the gravel is subjected to a costly soaking and rehandling process. Recently there has been a considerable development in other types of machines to accomplish these results but it is not within the scope of this paper to make comparisons between competitive types, but to present the best obtainable data on log washers only. From the primitive design that gave it its name, a long log hewn from a tree, with paddles forged to shape from strap iron and attached by lag screws, the log washer has gradually been developed to the present all-steel type. As now manufactured, the log washer consists essentially of two built-up logs on which are mounted a series of paddles, carried by shafts fitted at the ends of the logs on bearings fastened outside the enclosing steel box, or trough, which is set at an angle of about 5° to 10° and into which the material is fed. Stuffing boxes at the places where the shafts pass through the box at the lower end are equipped with water-

Jan 1, 1936

By E. J. Westerman

Prealloyed powders of nickel-base superalloys were sintered to almost theoretical density in short sinterilzg times. It was ascertained that the rapid densification was caused by a small amount of liquid phase at the grain boundaries, which apparently ovriginated by incipient melting at temperatures considerably below those at which macroscopic melting of the compacts occurred. An increase in the quantity of liquid phase present during sintering-, caused by an increase in the sintering temperature, increased the densification rate, but resulted in a decrease in the room temperature tensile propevties. NICKEL-base superalloys, which presently comprise an important group of high temperature alloys, are difficult to fabricate by the forging, casting, and machining operations presently used. As it was felt that fabrication by powder metallurgical techniques might offer advantages in the production of super-alloy parts, a basic investigation of the most important process in the sequence of powder metallurgical operations, the sintering process, was undertaken on Rene 41, Udirnet 500, and Nimonic 90 and 100 powders. These alloys age harden by the precipitation of the ? Ni, rA1,Ti) phase. Nickel-base superalloys of the Nimonic type have been fabricated by powder metallurgical methods, and their mechanical properties reported in detail.' Other alloys for high temperature service which have been fabricated by powder metallurgical methods include a Co-base alloy of the Vitallium type;2,3 alloys with a Co-Ni-Fe-Cr base;4 stainless steels;5'6 Cr-W-Co alloys;" and a Co-base alloy, X-40.8 METAL POWDERS The superalloy powders investigated were: a) a prealloyed at.omized Rene 41 powder; b) a prealloyed atomized Udirnet 500 powder; c) a prealloyed atom-

Jan 1, 1962

By Cyril Stanley Smith, Earl W. Palmer

FOR several years an investigation has been in progress in the research laboratory of The American Brass Co. to determine the thermal and electrical conductivities of most copper alloys of commercial importance and several of scientific interest. This paper contains such data on the binary alloys of copper with silicon, aluminum, manganese and nickel, and on a large number of ternary or more complex alloys. Some interesting general relationships between the thermal and electrical conductivities for all copper alloys at all temperatures are pointed out. The data for the copper-zinc, copper-phosphorus and copper-tin binary systems have already been publishedl 1,2 † except for the electrical conductivity at 200° C., which is given in the appendix of this paper. LITERATURE ON THERMAL CONDUCTIVITY OF COPPER ALLOYS The papers referred to above contained a summary of the figures available in 1929 for the thermal conductivity of copper alloys. There is given in Table 1 herewith a selection of the data that have appeared since that time. The measurements of Hanson and Rogers3 are particularly interesting since they cover a series of alloys in the alpha solid solution range and show the effect of heat-treatment. Their alloys were tested as annealed castings, and are not therefore directly comparable to the worked alloys measured in the present investigation, although the difference is small. Bailey's determinations4 were carried out on the alloys used by Lees5 in 1906, and extend his results to higher temperatures. It is most unfortunate that the alloys were not analyzed, for the approximate compositions given are hardly sufficient identification of the

Jan 1, 1935

By K. H. Nimerick, B. E. Scott, F. J. Beafore

A unique freeze conditioning agent (FCA) which functions by forming structurally weak ice rather than suppressing the freezing point of water has been successful in alleviating frozen coal problems. Frozen coal treated with FCA has been quickly unloaded at temperatures below -17.8OC (O°F). Other applications of FCA include deicing: conveyor belts, idler, idler arms, and other moving parts that have been impeded by ice.

Jan 1, 1980

G. F. COMSTOCK (author's reply to discussion *).-The discussion of this paper has been of such volume and interest as to constitute in itself a sufficient excuse for the paper, even though the paper itself may have been as much in error as some of its critics have maintained. Mr. Howard does not appear to realize some very practical facts that the opponents of his theory have advanced. Among these are: the coarsely crystalline fracture of the nucleus of a transverse fissure, so different from the smooth fatigue break around it; the occurrence of fissures in large numbers in certain heats or rollings of rails, while other heats or rollings do not develop them; and the much smaller proportion of transverse fissures found in rails rolled .from reheated blooms as compared with direct-rolled rails. These facts are not explained by Mr.

Jan 6, 1919

By R. L. Bell, T. G. Langdon

A technique was developed- for determining the grain strain, and hence the grain boundary sliding contribution, occurring during the high- temperature creep of a magnesium alloy, from the distortion of a grid photographically printed on the specimen surface. The results were compared with those obtained from measurements of grain shape, both at the surface and interrwlly, and it was concluded that the grain shape technique may substantially underestimate the grain strain and overestimate the sliding contribution due to the tendency for migration to spheroidize the grains. ALTHOUGH a considerable volume of work has been published on the role of grain boundary sliding in high-temperature creep, many of the estimates of Egb (the contribution of grain boundary sliding to the total strain) have been in error due to the use of incorrect formulas or inadequate averaging procedures.' One of the most easy and convenient measurements from which to compute Egb is that of v, the step normal to the surface where a grain boundary is incident. Unfortunately, this parameter is also the one associated with the treatest number of pitfalls. Values of v have been used to calculate Egb from the equation: egb =knrVr [1] where k is a geometrical averaging factor, n is the number of grains per unit length before deformation, v is the average value of v, and the subscript ,r denotes the procedure of averaging along a number of randomly directed lines. If the dependence of sliding on stress were assumed, it would be possible, in principle, to calculate k from the known distribution of angles between boundaries and the surface. This in itself is difficult because the distribution depends on the history of the surface,' but the problem is even further complicated by the fact that v depends on other factors such as the unbalanced pressure from subsurface grains.3 However, the great simplicity of the measurement procedure for v makes it highly desirable that this problem of k determination should be overcome. In the present experiments, this was achieved by the use of an indirect empirical method in which the grain strain, eg, at the surface was determined by the use of a photographically printed grid. The assumption here is that the total strain, et, is simply the sum of that due to grain boundary sliding, egb, and that due to slip or other processes within the grains, eg. SO that: Et = Eg + Egb [2] Thus k is given by: In practice, it is customary to indicate the importance of sliding by expressing it as a percentage of the total creep strain; this quantity is termed y (= 100Egb/Et). The determination of Eg from a printed grid within the grains avoids the difficulties due to boundary migration which should be considered when the grain strain is calculated from measurements of the average grain shape before and after deformation. As first pointed out by Rachinger,4,5 however, this latter technique has the particular advantage that it can also be applied in the interior of a polycrystal. Recently, several workers have produced evidence on a variety of materials6-'' to support the observation, first made by Rachinger on aluminum,4,5 that 7 can be very high, 70 to 100 pct, in the interior, even when the surface value, determined from boundary offsets, is very much lower.10'11 Although there have been criticisms both of the shortcomings of the grain shape technique'' and of the different procedures used to determine y at the surface,' it seemed important to check whether measurements of sliding by grain shape gave values of y which were truly representative of the material. In the present experiments, grain shape measurements were therefore made both at the surface and in the interior for comparison with one another and with the independent measurements of grain strain using the surface grid technique. EXPERIMENTAL TECHNIQUES The material used in this investigation was Magnox AL80, a Mg-0.78 wt pct A1 alloy supplied by Magnesium Elektron Ltd., Manchester. Tensile specimens, about 7 cm in length, were prepared from a 1.27-cm-diam rod, with two parallel longitudinal flat faces each approximately 3 cm in length. The specimens were annealed for 2 hr in an oxygen-free capsule, at temperatures in the range 430° to 540°C, to give varying grain sizes, and, prior to testing, the grain size of each was carefully determined using the linear intercept method. This revealed that the grains were elongated -0.5 to 5 pct in the longitudinal direction. Testing was carried out in Dennison Model T47E machines under constant load at temperatures in the range 150" to 300°C. At temperatures of 200°C and below, tests were conducted in air with the polished flat faces coated with a thin film of silicone oil to prevent oxidation; at higher temperatures, an argon atmosphere was used. To determine v,, each test was interrupted at regular increments of strain and the specimen removed from the machine. At the lower strains, when v, was less than about 1 pm, measurements were taken on a Zeiss Linnik interference microscope;

Jan 1, 1969

Arizona ROBERT E. TALLY, Chairman CARL E. ~IILLS, Secretary-treasurer, P. 0. Box 1462, Jerome. Ariz. W. S. BOYD THOMAS H. 0. O'BRIEN F. W. MACLENNAN Boston Meets first Monday each winter month GAL~N H. CLEVENG~, Chairman HOLCOMB J. BROWN, Vice-chairman F. I,EROY FOSTER Secretary-treasurer Room 8-219, Mass. lnst: of Tech., Cambridge Mass. A. E. WELLS H. A. WENTWORTH

Jan 1, 1928

By Arthur S. Coffinberry, Ralph Hultgren

WE have studied the gold-aluminum system by X-ray diffraction and by the microscope over the entire range of composition for temperatures between 300° and 500° C. Results obtained are shown in Fig. 1, combined with the work of Heycock and Neville1 at higher temperatures. The diagram differs in important details from that given by Hansen2 in his critical compilation of the literature of binary alloy systems. This work was undertaken both because of the intrinsic value of a knowledge of the phase diagram of this system and because of the need of theoretical metallurgy for precise and accurate data, particularly X-ray diffraction data. Systematic studies of equilibrium diagrams, particularly by Hume-Rothery,3 have shown regularities that yield a certain insight into the nature of alloying forces. It has been shown, for example, that solid solubility depends on the concentration of free electrons in the alloy, on the relative radii of solvent and solute atoms, on the forces of attraction between atoms, and on the relative stability of intermediate phases. The well-known Hume-Rothery rule states that the crystal structures and compositions of many intermediate phases depend on the electronto-atom ratio. This has been confirmed and extended by wave mechanical calculations.4 A knowledge of the forces between atoms in alloys, even an imperfectly developed empirical one, should be a valuable guide in the preparation of technological alloys of desirable properties. Furthermore, such information is basic in such problems as rate of diffusion, age-hardening, phase transformations, and others. The most valuable data for this purpose are furnished by X-ray diffraction studies. Unfortunately, work has been

Jan 1, 1938

By W. Armstrong Price

INVESTIGATION by German chemists during the World War showed that particles of iron oxide form rapidly in iron pipes carrying hydrogen gas under pressure when the gas contains small amounts of water. Under these conditions, the gas frequently exploded when expanding into a dirigible. The explanation of the explosions lies in the building up of a charge of static electricity in the flow just beyond the orifice and the ignition of the gas by a spark accompanying discharge of the electricity. Friction between the moving particles and the pipe generated the electric charge, which was manifested by a pale blue glow formed in the flow at pressures above two atmospheres. In one experiment, this glow, at eighty atmospheres, extended for a distance of forty to fifty centimetres, but did not ignite hydrogen and air mixtures until the charge was col-lected by a conductor and discharged across a gap between electrodes placed at the side of the column of gas. Autoignition did not occur when this discharge was effected at a distance from the gas column, nor if the gas used was thoroughly dried and free from impurities. The electric charge has been studied by placing various wire and screen conductors in the outcoming stream of gas, Guest having summarized these experiments. The application of these conclusions to fires in petroleum and natural gas issuing uncontrolled from wells is made in the following paper, citing the ignition of a wild gas well in Texas.

Jan 1, 1936

By Scott Turner

HOSTS of friends will rejoice that T. A. Rickard has been given honorary membership in the Institute. It might well have been done long ago, since, when one reviews distinguished services rendered by individuals to our organization and our profession, it is at once apparent that his name ranks high and that he has merited this distinction for more than three decades. Our by-laws restrict this list to twenty names; "T.A." becomes the sixteenth living member. Young engineers should particularly be pleased; Mr. Rickard has had a career rich in human interest, and full of useful suggestions to the younger men; he has given them good advice and set them a notable example; he, more than anyone else, has shown them how technical writing can be clear and concise; he has inspired youngsters to do their best; he has been their friend. No one has more first-hand knowledge of these facts than the writer of this appreciation:

Jan 1, 1935

Problems discussed and research opportunities identified during the workshop in the major areas of 1) flocculation, 2) flotation, 3) leaching and magnetic separation are summarized below. I. FLOCCULATION Problems Practical problems caused by unintentional flocculation or dispersion were described in the papers that dealt with iron ore processing, selective flocculation, fine coal processing, phosphate processing and potash processing. Ideas generated during the discussions ranged from the very practical suggestion that a conscious effort be made to transfer knowhow from the experienced clay industry to the metals and fuels-from-slimes industry. . . , to the familiar appeals for omnipotent theoretical developments. There was surprising recurrence of some questions in many contexts. Recurring questions are emphasized here rather than commodity-specific problems because their answers would serve a wider clientele usage. There is indeed no objection and some advantage to commodity-specific research, however, provided the proposed project is planned with full cognizance of transferable knowledge in other commodities, and of the possible usefulness of these results in other areas. Research Needs Most of the questions or research opportunities can be classified into three groups: a) water chemistry, b) dewatering, and c) flocculation theory. Other classifications are possible and probably useful. In each group there is a clear need for outwardly esoteric theoretical research a clear application of that work to current practical problems. Higher priority should be given to proposals for theoretical research which explicitly show the expected ultimate usefulness of the result. Likewise, proposals for applied research should demonstrate cognizance of applicable theory. Both of these types of projects could profit from collaboration among industrial, university and government personnel.

Jan 1, 1979

By A. G. H. Anderson, Eric R. Jette

A few years ago, while the writers worked on the constitution of ternary and quaternary alloys consisting mainly of iron, chromium and siliconl,2 some information on microstructures and hardness, not incorporated in the published work, alas obtained. It has not been possible to do any further work on the properties of the alloys. The information possessed is hereby presented for the interest it may have in connection with the constitution of the alloys. Microstructures Referring to the iron-chromium-silicon diagram,' the regions that received most attention were those in which the sigma phase appears. It was found that the mode of occurrence of this phase varied much with the condition under which it mas formed, and the mode influenced considerably the hardness of the alloys. In some slowly cooled alloys, well within the alpha + sigma-phase boundary, sigma occurs in pabterns suggesting a eutectic. The structure of such an alloy is shorn in Fig. 1, showing it to be partly coarsely laminated and partly globular mottled. In other annealed and slowly cooled alloys, the lanlinated structure is entirely absent, and sigma appears in an irregular distribution of sharply cornered elongated areas (Figs. 2 and 3). These areas all possess a more or less mottled structure. A carbide phase is also visible in these two photomicrographs; it is represented by bright white arras of various shapes, sometimes apparently enveloping the sigma. Quenched and aged specimens, whose compositions arc: located near the phase boundary between alpha and sigma + alpha regions, have structures not unlike martensite (Figs. 5 and 6). Fig. 4 shows the structurc of alloy No. 35 as quenched from 1100" C.; it is a typical solid solu-

Jan 1, 1938

By Eric R. Jette, A. G. H. Anderson

A few years ago, while the writers worked on the constitution of ternary and quaternary alloys consisting mainly of iron, chromium and siliconl,2 some information on microstructures and hardness, not incorporated in the published work, alas obtained. It has not been possible to do any further work on the properties of the alloys. The information possessed is hereby presented for the interest it may have in connection with the constitution of the alloys. Microstructures Referring to the iron-chromium-silicon diagram,' the regions that received most attention were those in which the sigma phase appears. It was found that the mode of occurrence of this phase varied much with the condition under which it mas formed, and the mode influenced considerably the hardness of the alloys. In some slowly cooled alloys, well within the alpha + sigma-phase boundary, sigma occurs in pabterns suggesting a eutectic. The structure of such an alloy is shorn in Fig. 1, showing it to be partly coarsely laminated and partly globular mottled. In other annealed and slowly cooled alloys, the lanlinated structure is entirely absent, and sigma appears in an irregular distribution of sharply cornered elongated areas (Figs. 2 and 3). These areas all possess a more or less mottled structure. A carbide phase is also visible in these two photomicrographs; it is represented by bright white arras of various shapes, sometimes apparently enveloping the sigma. Quenched and aged specimens, whose compositions arc: located near the phase boundary between alpha and sigma + alpha regions, have structures not unlike martensite (Figs. 5 and 6). Fig. 4 shows the structurc of alloy No. 35 as quenched from 1100" C.; it is a typical solid solu-

Jan 1, 1938

By Webster Hodge

MALL generators and motors are required to Soperate, in some critical applications, at temperatures where cold-worked silver-bearing copper re-crystallizes. Copper containing up to 30 oz Ag per ton has been used for many years to build the highest grades of commutators and slip rings. With failure of commutators impending because silver-bearing copper cannot withstand the stresses imposed at these higher temperatures, Cr-Cu was tried as a substitute with varying degrees of success. Cr-Cu proved difficult to fabricate because a critical heat treatment was necessary to obtain sufficient ductility. Besides, its rupture strength was shown to be low at operating temperatures, its electrical conductivity lower than desired, and its cost high. Furthermore, it often contained hidden flaws. The Nippert Electric Products Co. set out to find a better material by undertaking a research project with the stated objective of providing a material suitable for commutators that would have 1) a softening temperature above 750°F (400°C), 2) a minimum electrical conductivity of 90 pct of that of pure copper, 3) a strength not less that that of cold-worked silver-bearing copper, and 4) a materials cost of not over 1.5 times the cost of copper containing 25 to 30 oz Ag per ton. No commercial alloy met these specifications. However, it was found that copper containing from 0.18 to 0.35 pct Zr could be produced quite easily in the laboratory, and promised to fulfill the major requirements noted above. Interest naturally centered in the lower part of this composition range, since such alloys gave somewhat better electrical conductivities, and were lower in

Jan 1, 1958

By Leonard P. Skolnick

PROPERTIES of materials containing a hard con-stituent dispersed in a metallic matrix are dependent on the distribution of the hard phase.'-' The grain growth of titanium carbide in liquid nickel was studied in order to understand microstructural development in this and similar systems. Smith" has examined the influence of surface energy on the distribution of phases in alloys. The grain growth of tungsten carbide in cobalt has been the subject of many conflicting theories. Those prior to 1950 have been summarized by Goetzel.' Recently, Gurland and Norton3 and Gurland8 have indicated that growth occurs primarily by diffusion through the liquid phase in order to lower the inter-facial energy between the carbide and the liquid metal. In the development of the Ti-C-Ni ternary phase diagram, Stover and Wulff9 have shown that both eutectiferous dendritic titanium carbide, and primary titanium carbide which had developed crystals of cubic symmetry, were rounded by heating below the solidus, and that if primary carbide was already present the typical eutectic decomposition products were not formed. Experimental Procedure The infiltration technique was used to study the grain growth of titanium carbide in nickel. In contrast to sintering, infiltration more readily assures uniform dispersion of the two phases, and the problems associated with mixing by milling; i.e., mill contamination, breakdown of original carbide size in the operation, development of interfering surface films, etc., are avoided. In addition, the complicating effect of densification by shrinkage is eliminated. The titanium carbides used were commercial grades. Their chemical analyses, size distributions and shapes are summarized in Table I. Size analysis was conducted by microscopic count on a minimum

Jan 1, 1958

By AIME AIME

ALL sessions of the Mining Geology Committee at the Annual Meeting this year were held jointly with other groups, a plan that seemed to work out to the satisfaction of every one. Certain of these sessions are reported in this issue by others; the ones held on Wednesday are covered here. Ten papers, as published in the February M&M, were on the program for the Wednesday morning session, held jointly with the Society of Economic Geologists. Mr. Eckel made a brief presentation of his paper, on which there was no discussion, and Mr. Peoples presented that of which he was a joint author. D. M. Fraser then discussed a gravimeter survey for chromite in Cuba, which blocked out some 50,000 tons of ore, and F. G. Wells told of work on chromiferous sands in Oregon.

Jan 1, 1943

By F. Julius Fohs

CENTRALLY located with relation to the largest iron- and steel-producing districts of the United States, the fluorspar-deposits of Kentucky possess increasing interest and importance. As typical of the numerous fluorspar-mines of Kentucky and Illinois, I have selected for description the Memphis., because it and others of its immediate group exhibit the conditions characteristic of all. I. THE MEMPHIS MINE. This mine lies 5 miles NW. of Marion, in Crittenden county, Kentucky, a station on the Chicago and Nashville division of the Illinois Central R. R. For the first mile and a half out of Marion we see only Birdsville or Middle Chester sandstones of Mississippian age. Then we cross a fault of some 350 ft. displacement, and the Ste. Genevieve oolite sets in. Beyond the fault, oolite is the predominant rock, except that the bills to the north have a capping of Cypress or lowest Chester sandstone, 80 ft. below which is an outcrop of from 6 to 10 ft. of Ste. Genevieve (Rosiclare) sandstone. Occasional sink-holes are noticed, and as the mines are approached evidence of faulting is again seen.. A line of crude head-frames and open-cut dumps, extending for more than a quarter of a mile, marks the Klondike vein. The open-cuts are from 15 to 20 ft. deep, and in most of them, from the surface down, was found the reddish gravel which is really fluorspar-some of it white or purple and crystal-clear (if the red clay is washed off), and some carrying iron and silica, and stained by waters from the decaying limestone walls. In one of these cuts, at a depth of 20 ft., white and purplish honey-combed fluorspar was found, in which the larger cavities are due to limestone and calcite leaching, and the minute ones to the leaching of zinc-blende.

Apr 1, 1909

By MARK H. LAMB

(Canal Zone Meeting, November, 1910.) THE recent growth of a sentiment among cyanide-plant designers against the use of gravity-stamps for the crushing preliminary to cyanidation may be said to date from the almost simultaneous perfection of the ribbed tube-mill liner and of the tall, air-agitation tank. The first step in the resulting change of practice was the universal adoption of the tube-mill for fine-grinding and the use of coarse screening oil the battery. This was the beginning of the surrender of supremacy by the gravity-stamp ; since merely the single fact that it was a more economical machine for crushing fine had retained it in favor as compared with ball-mills, rolls, or steam-stamps. The surrender, however, is not yet complete. It is the universal practice to use rolls where a relatively small tonnage is to be crushed coarse, as, for example, when coarse concentration is included in the plan of treatment. Power, attendance, repairs, and first-cost are smaller for the rolls, under such circumstances, than for stamps; and it is becoming daily more apparent that, with no concentration to provide for, the use of rolls and tube-mills, without the complication of trommels and elevators required by concentration, is rapidly gaining favor in the eyes of the leading designers. The next step was the use of the rapid-running Chilean mill between the gravity-stamps and the tube-mill, which again narrowed the field of operation of the gravity-stamp while radically widening its screen-aperture. Such a combination of stamps and Chilean mill offers advantages when fine concentration is necessary, since the reduction in the Chilean mill call be adjusted easily and governed by varying the screen-mesh. But even concentration is now looked at askance. One of the leaders of this metallurgy has abandoned the separation and

Jul 1, 1910

By I. A. Ettlinger

DEPRECIATION allowances have become firmly rooted in our income tax structure both by legislation and by court decisions. Secretary of the Treasury Morgenthau has recently stated before the Ways and Means Committee of the House: A taxpayer who did not provide for depreciation of assets used in his business could not long remain in business and the income tax should be levied on the assumption that he will provide for such depreciation. The 1934 Revenue Act has now been enacted, the depreciation provisions of the 1932 Revenue Act having been carried forward without change. However, there has arisen, in connection with the preparation of this new Revenue Act, a determination by the Treasury Department to make certain changes in the future administration of the depreciation allowances that will affect all corporations, and mining companies in particular.

Jan 1, 1934