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By L. M. Barker

The New Cornelia Branch of the Phelps Dodge Corporation is at Ajo, Pima County, Ariz. It is at the southern terminus of the Tucson, Cornelia and Gila Bend Railroad, which connects with the Southern Pacific Railroad at Gila Bend, Ariz., approximately 43 miles to the north. History Early history of the Ajo district has been related by A. W. Allen1 and by T. A. Rickard.2 Briefly, steps looking to the large-scale development of the ore body were instituted as early as 1912. This work culminated in the equipment of the property for open-pit mining by steam shovels. Ores initially mined carried economic amounts of copper carbonates as the principal copper-bearing mineral. Treatment methods developed for the extraction of the copper content involved leaching and a 5000-ton leaching plant was constructed and placed in operation in early 1917. Description of methods and equipment employed in this plant has been given by A. A. Tobelmann and James A. Potter.3 As exhaustion of the carbonate ore body neared, and mining operations exposed an adequate tonnage of sulphide ores, a 5000-ton concentrator was constructed for their treatment. That plant has been described by H. Kenyon Burch.4 Construction was completed and the plant was placed in operation in early 1924. Changes made in the original plant to improve practices and increase production will be the subject of subsequent paragraphs of this paper. Geology Description of the geology of the Ajo district has been published by Ira B. Joralemon5 and by James Gilluly.6 The ore occurs chiefly in the porphyritic facies of Cornelia quartz monzonite, though appreciable

Jan 1, 1939

By M. B. Riordan

A surface indicating pressure, temperature and flow instrument that ernploys variable frequency sensing elements has proved useful in evaluating flow characteristics of wells. Relative productivity of individual oil and gas sands in a given well can be analyzed at several back pressures. The variable frequency sensing elements are an improvement in sensitivity and accuracy and make possible observation of temperature and pressure variations that have not been possible heretofore. The surface indicating featuere results in a more direct approach to solving problems and eliniinate; many assumptions. All three subsurface factors are evaluated, and correlation between them results in a direct means of analyzing reservoir. and well conditions. Surveys have been used to evaluate well performance. locate gas entry In high ratio wells and to investigate gas injection and water flooding conditions. INTRODUCTION In a flowing well that is open to a multiple number of producing sands with varying characteristics. it is valuable to know which sands are producing fluid at a given back pressure and in what relative quantity. Core studies could qualify an interval as productive, and reserves would be computed on this basis. Unless the well is produced so that the interval does contribute. irreparable damage to the interval can occur. It is generally accepted that the optimum condition of pro-

Jan 1, 1951

By John S. Bell, J. M. Shepherd

pressure difference of 280 psi measured initially on opposite sides of the major fault in the Hawkins Field led to pressure determinations in the Woodbine sand throughout the East Texas basin. Considering the large area, there is unusually good correlation between pressure losses and points of major withdrawals, these losses indicating that the basin pressure has been materially reduced by withdrawals, primarily from the East Texas Field and secondarily from the old fault-line fields of Limestone and Navarro counties, with the pressure loss varying inversely with the log of the distance from these two main areas of basin withdrawals to the measurement points. Apparently faults located throughout the basin serve as local blocks to continuous pressure gradients. INTRODUCTION The pressure anomalies found in the Hawkins Field, Wood County, Texas,' shortly after discovery have led to an area-wide investigation of the pressure distribution within the Woodbine sand of the East Texas basin. These pressures were obtained by drill-stem tests made for that sole purpose while drilling wildcat wells to deeper horizons. The Woodbine sand of Gulf Cretaceous Age is or has been productive of oil and gas in 42 different fields, with the 28 oil fields currently active having produced 118,000,000 bbl of oil during 1949. With one exception, producing energy for all Woodbine reservoirs has been from water drive provided predominantly by expansion of the tremendous volume of water contained in the Woodbine sand. This producing mechanism was recognized at an early date and was described mathematically by

Jan 1, 1951

By Roy R. Jones, R. R. Sawyers

It has long been comnlon knowledge that workers in anthracite are prone to develop a disabling disease of the lungs. Some of the earliest scientific contributors dealing with anthracosis were: Pearson1, in his report in 1813, on the coloring matter of the bronchial glands and black spots in the lungs; Stratton2, in 1838, who first termed the condition anthracosis; Greenhow3, who reported to the pathological society in 1865, on the Black Lung of the Collier, and Pick4 in 1870, who reported on the chemical composition of the ash of a collier's lungs. Visconti5, in 1870, is accredited with being the first to use the term "silicosis" to denote the pathological condition of the lungs resulting from the inhalation of silica. Rovida6 confirmed the reports of Pick and Visconti in 1871, in his report on a case of silicosis and chemical examination of the lungs for silica content. The relationship of pulmonary infection, as associated with disabling pneumoconiosis affecting the coal miner, has frequently been discussed. While most reports have emphasized the role of infection, there has been some disagreement regarding the prevalence of tuberculosis among those suffering from anthracosis. The report by Wainwright and Nichols7 in 1905 has frequently been cited to show that the incidence of pulmonary tuberculosis among coal miners was less than that among the general population. It was their opinion that pulmonary tuberculosis was more prevalent among the miners' families than among the miners themselves. Collis and Gil-christ, in 1928 in their study of the Effects of Dust upon Coal Trimmers, concluded that among such workers there was an excess of deaths from bronchitis and pneumonia but not from pulmonary tuberculosis. They

Jan 1, 1936

By Price E. R.

The coal industry was beset with work stoppages and strikes throughout the year, and there was some loss in markets to oil and gas. These conditions, along with the mild decline in industrial activity, the steel strike, and the reduction in exports, contributed to an unfavorable year for the industry. All coal mines are working three days a week at the time of writing, and in estimating production for the year, it will be assumed that the mines will continue to work on that basis through December. Total production of bituminous coal in 1949 is estimated at 420 million tons, which is 179,518,229 tons under the production in 1948. Anthracite production is expected to reach 39,400,000 tons as compared with 57,139,948 tolls in 1948, a loss of 17,739,948 tons. Coal stocks, as of January 1, 1949, were 69,373,000 tons but at the end of the year will have dropped to approximately 22 million tons. Regardless of the difficulties during the current year, the industry has made substantial

Jan 1, 1950

By J. D. Meakin, H. G. F. Wilsdorf

An etching technique.has been used to investigate the dislocation structure of deformed @-brass single crystals. Isolated single ended pileups have been observed, and it is shown that, in certain cases, the configurations of such pileups agree with theoretical predictions. Many discrete pileups within heavily deformed regions have also been detected and the influence of surrounding dislocations on these groups are reported and discussed. Divergences between the experimental and theoretical spacings in the isolated pileups and the origin of the stress maintaining the pileups are discussed. THE spatial configuration of a linear array of identical dislocations has been evaluated theoretically by Eshelby, Frank, and Nabarro.' Of particular interest is the equilibrium spacing of a series of dislocations under a uniform shear sti-ess when the leading dislocation is held fixed in the lattice; such an array is termed a single ended pileup. Eshelby, Frank, and Nabarro' found that an explicit analytical solution to the problem of n dislocations in a pileup is not possible, but they were able to derive approximate formulae applicable under various limiting conditions. An alternative method of determining the equilibrium configuration was proposed by Leibfried and Leibfried and Haasen in which the discrete dislocations are replaced by a continuous dislocation density. This technique was used by Head and Louat to solve in first approximation, a number of problems of particular interest, eg., single and double ended pileups. Head has also solved numerically a number of specific configurations involving up to six dislocations. Recently Kuhlmann-Wilsdorf has obtained numerical solutions for single-ended pileups containing between three and seventy dislocations, thus making possible a comparison between appropriate experimental results and accurate theoretical values. The considerable use of the pileup concept in theories of plastic flow has stimulated a number of attempts to observe such arrays experimentally. There is of course considerable intrinsic value in revealing an isolated pileup because a direct check on the elastic theory of dislocations then becomes possible. The only technique generally applicable for studying pileups in bulk metal specimens is selective etching of the point of emergence of individual dislocations. Confining our attention to etching studies which have revealed pileups, the earliest reported work

Jan 1, 1961

By C. R. Kuzell, G. H. Wigton

Knowledge of the thermal capacity of gases is of great importance in making metallurgical calculations. The metallurgist is frequeqtly called upon to investigate and determine furnace efficiencies in which the heat carried into or out of the furnace by gases is a large item in the heat balance. Not only do such problems present themselves in the determination of furnace efficiency, but also in the study of the application of heat in accessory apparatus, such as stoves, regenerators, waste-heat boilers, driers, etc. The thermal effect of the use of excess air in the combustion of fuel, the theoretical temperatures of combustion, the quantity of heat in hot blast at various temperatures, the effect of hot blast on furnace temperatures, are a few more examples of frequently occurring calorific problems involving gases. So many are the applications of the data on the heat capacity of gases that the subject merits careful study. The heat in a gas maybe due to its heat of combustion, if it is a combustible gas, and to its temperature. The latter is called its sensible heat and is the heat absorbed or evolved by a gas as its temperature is raised or lowered. The heat of combustion of gases is well established and is commonly known. The values can be found in almost any modern treatise on metallurgy. The sensible heat of gases has not been so well established because it is in most cases a function of the temperature, and the values of specific heats of gases over a wide range of temperatures have only recently been determined. It is the purpose of this paper to deal with the sensible heat of gases. - The calculation of sensible-heat capacities1 from specific-heat equations is a comparatively long and tedious operation. This is especially

Jan 1, 1915

By Elliott J. Roberts

In spite of the fact that the percentage of true colloids in an ore grind is very small,' these pulps exhibit many of the properties of true colloidal suspensions. A quartz particle, appreciably finer than 10 microns in diameter, has a settling rate so low that at a dilution of 5:l or over, the capacity of a settling tank to settle such particles would be uneconomical if the individual particle rate prevailed. However, by grouping the finer particles into aggregates or flocs, the settling rate can be increased to an economical value. The colloidal chemistry of pulp thickening is thus chiefly concerned with particles having diameters of between 1 and 10 microns, although particles as coarse as 40 microns in diameter are more or less involved. These particles must be associated in such a manner that they settle at an economical rate and give a clear, supernatant liquid or overflow. The treatment of the subject may be divided into three phases, cach phase having a more or less different colloidal aspect. The first phase is the problem of getting the pulp or suspension into the proper condition of flocculence; the second is the behavior of the flocculent pulp in its initial and intermediate stages of settling; the third is the behavior of the flocs in the find period of settling or thickening stage. Let us look first into the methods and mechanism of obtaining the flocs and then consider their behavior and properties. Flocculation Colloids are merely ordinary substances reduced to a very small particle size, the upper limit being placed by definition at 1 micron (0.001 mm.) diameter by the soil chemists and at from 0.2 to 0.1 micron by various other colloid chemists. The lower limit is reached only when the particles approach molecular dimensions. The term L'colloid" should not necessarily imply lack of crystallinity. Particles as small as 0.01 to 0.02 micron give perfect X-ray patterns, while with 0.005 micron particles the bands on the powder photograph are merely broaderled and diffused.2

Jan 1, 1935

By M. B. Riordan

A surface indicating pressure, temperature and flow instrument that ernploys variable frequency sensing elements has proved useful in evaluating flow characteristics of wells. Relative productivity of individual oil and gas sands in a given well can be analyzed at several back pressures. The variable frequency sensing elements are an improvement in sensitivity and accuracy and make possible observation of temperature and pressure variations that have not been possible heretofore. The surface indicating featuere results in a more direct approach to solving problems and eliniinate; many assumptions. All three subsurface factors are evaluated, and correlation between them results in a direct means of analyzing reservoir. and well conditions. Surveys have been used to evaluate well performance. locate gas entry In high ratio wells and to investigate gas injection and water flooding conditions. INTRODUCTION In a flowing well that is open to a multiple number of producing sands with varying characteristics. it is valuable to know which sands are producing fluid at a given back pressure and in what relative quantity. Core studies could qualify an interval as productive, and reserves would be computed on this basis. Unless the well is produced so that the interval does contribute. irreparable damage to the interval can occur. It is generally accepted that the optimum condition of pro-

Jan 1, 1951

By H. Foster Bain

Probably no more significant change has come into the lives of men in the past two hundred years than their shift from major dependence on plants and animals to major dependence on minerals. From the dawn of history, nay from long before that dawn, food and clothing had been man's main concern. The wandering of the tribes in pastoral ages was in search of grass for their cattle; the patient work of the "man with the hoe" has ever been to supply food for himself and family and if he accomplished so much he had little strength, energy, or ambition for other things. The great civilizations of the past arose in the fertile valleys where food supply was abundant or on shores where by grace of the wind and primitive wooden ships food could, if needed, be imported. Provision for the "seven lean years" by storing the abundance of the seven fat years was long held up as the highest example of statesmanship and the ambitions of the Roman populace did not go beyond bread and circuses, the former the product of a plant and the latter involving essentially contests of men and other animals. Through all those centuries of want, misery, and warfare it was, for example, an axiom that "an army fights oh its belly." Now an army rides to the battle line in trucks; its members stand up and fight with tons and tons of metal and other minerals. Food supply is assumed, and rightly so, for in this modern world of ours shortage of food is chargeable at once to poor organization or deficiency of transport. The areas in which famines occur are those in which the one or the other

Jan 1, 1932

By Paul I. Eimon, Byron R. Berger

INTRODUCTION Epithermal silver-gold deposits form at low to moderate temperatures in near-surface environments. These deposits are found in all rock types, but historically, the most important deposits occur as veins in volcanic rocks (e.g., Creede, Colorado; Pachuca, Mexico) and as replacements in sedimentary sequences (e.g., Mercur, Utah; Carlin, Nevada). Increases in the open-market prices for silver and gold in the last few years have resulted in renewed interest in precious metals and the economic viability of large-tonnage low-grade deposits. These bulk-mineable deposits form as replacements in permeable horizons or as stockworks in the up- per parts of otherwise bonanza-type hydrothermal systems and newly recognized systems that erupted onto the surface as hot springs, fumaroles, or geysers. Large tonnage low-grade de- posits were an unconventional resource prior to price increases; however, now they constitute one of the main sources of precious metals in the United States and the importance is growing worldwide. This paper presents conceptual geologic- geochemical models of epithermal precious-metal deposits derived from studies of productive deposits throughout the world. Much of the data presented is not new. However, the interpretation of the data in terms of current concepts of hydrothermal processes is new. This paper deals with idealized and general ore-forming mechanisms, and no attempt is made either to explain the origin of the different chemistries of ore- forming fluids or to examine all of the variations in specific deposits due to local structural controls and host-rock compositions.

Jan 1, 1983

By John S. Bell, J. M. Shepherd

pressure difference of 280 psi measured initially on opposite sides of the major fault in the Hawkins Field led to pressure determinations in the Woodbine sand throughout the East Texas basin. Considering the large area, there is unusually good correlation between pressure losses and points of major withdrawals, these losses indicating that the basin pressure has been materially reduced by withdrawals, primarily from the East Texas Field and secondarily from the old fault-line fields of Limestone and Navarro counties, with the pressure loss varying inversely with the log of the distance from these two main areas of basin withdrawals to the measurement points. Apparently faults located throughout the basin serve as local blocks to continuous pressure gradients. INTRODUCTION The pressure anomalies found in the Hawkins Field, Wood County, Texas,' shortly after discovery have led to an area-wide investigation of the pressure distribution within the Woodbine sand of the East Texas basin. These pressures were obtained by drill-stem tests made for that sole purpose while drilling wildcat wells to deeper horizons. The Woodbine sand of Gulf Cretaceous Age is or has been productive of oil and gas in 42 different fields, with the 28 oil fields currently active having produced 118,000,000 bbl of oil during 1949. With one exception, producing energy for all Woodbine reservoirs has been from water drive provided predominantly by expansion of the tremendous volume of water contained in the Woodbine sand. This producing mechanism was recognized at an early date and was described mathematically by

Jan 1, 1951

By W. White, C. S. Barrett, R. M. Mueller

THIS communication reports film-recorded low-energy (-100 kev) proton blocking patterns'-3 for hcp and wurtzite crystals. In particular the sequence of relative line intensities* (corresponding to planar blocking) of common hcp metals is compared with those of the wurtzite semiconductors CdS and CdSe. The results show that the sequence is characteristic of structure. For closely similar structures such as those of CdS and CdSe, differences of line intensity attributable to the difference in atomic number, 2, of the scattering centers may also be seen. The apparatus and techniques used in this work were identical with those reported previously in a study of cubic systems.3 All metals were given standard metal-lographic etches, and the semiconductors cleaved, immediately prior to introduction to the vacuum system. Fig. 1 shows the unit cell of the wurtzite structure, and the geometry used to obtain the [1120] and [0001] patterns of Fig. 2. The axial ratio, c/a, for all ma- terials of Fig. 2 is close to 1.63. The patterns are then directly comparable in linear dimensions inasmuch as they have been reproduced at the same overall magnification of the patterns. (Overall magnification is proportional to the product of film-to-target distance and printing magnification. Thus the 1/6-in.-diam beam passage hole in the center of the film need not appear of uniform size in the prints.) The patterns for a given orientation, though similar

Jan 1, 1970

By L. M. Barker

The New Cornelia Branch of the Phelps Dodge Corporation is at Ajo, Pima County, Ariz. It is at the southern terminus of the Tucson, Cornelia and Gila Bend Railroad, which connects with the Southern Pacific Railroad at Gila Bend, Ariz., approximately 43 miles to the north. History Early history of the Ajo district has been related by A. W. Allen1 and by T. A. Rickard.2 Briefly, steps looking to the large-scale development of the ore body were instituted as early as 1912. This work culminated in the equipment of the property for open-pit mining by steam shovels. Ores initially mined carried economic amounts of copper carbonates as the principal copper-bearing mineral. Treatment methods developed for the extraction of the copper content involved leaching and a 5000-ton leaching plant was constructed and placed in operation in early 1917. Description of methods and equipment employed in this plant has been given by A. A. Tobelmann and James A. Potter.3 As exhaustion of the carbonate ore body neared, and mining operations exposed an adequate tonnage of sulphide ores, a 5000-ton concentrator was constructed for their treatment. That plant has been described by H. Kenyon Burch.4 Construction was completed and the plant was placed in operation in early 1924. Changes made in the original plant to improve practices and increase production will be the subject of subsequent paragraphs of this paper. Geology Description of the geology of the Ajo district has been published by Ira B. Joralemon5 and by James Gilluly.6 The ore occurs chiefly in the porphyritic facies of Cornelia quartz monzonite, though appreciable

Jan 1, 1939

By Jeremias K. Chitunda

Significant cost savings and improved ground stability are two initial indications from the current wet process shotcrete ground support program at the Lakeshore mine. The area of shotcrete for ground stability is not strange to the Lakeshore operation. Since the beginning of the project, various shotcrete techniques have constantly been experimented with, incorporating all the latest technological developments. Over the years, the use of shotcrete has been employed as a primary, temporary, or permanent support, singly or in combination with rockbolts and steel sets. The extent of shotcrete usage compared with steel sets and rockbolts has varied from time to time as dictated by the overall state of the art. In 1972, for example, the ratio of the linear drift footage supported with shotcrete to that supported with steel sets averaged 1.0. In 1973, that ratio was about 3.0. Overall, for the Lakeshore mine, there are about 8000 drift ft of shotcrete, 8000 drift ft of steel sets and timber, 750 drift ft of formed concrete, 21,000 drift ft of rockbolts, and 3700 drift ft of combined type support.

Jan 12, 1974

By R. S. Archibald

The subject of this paper is particularly appropriate, since Daniel C. Jackling was active in early exploitation of taconites on the Mesabi Range and contributed greatly to their later economic development. After his success in developing the low grade porphyries in the West he looked for more worlds to conquer, and so undertook the concentration of low grade taconites, from which he hoped to produce commercial ore. Mesabi Iron Co., organized in 1919, actually did produce merchantable sinter from taconites in 1922. The enterprise did not prove commercial at the time, as cost of production was high and the surplus of iron ore in the Lake Superior District already contributed to a low market price, but this same property has since been developed by Reserve Mining Co. The work done by Jackling had much to do with the success of this later venture. Iron ore was first discovered on the Marquette Range in Michigan in 1845. The first ore from this range came from the old Jackson mine in Negaunee in 1848. During these early years this property and others on the Marquette produced limited tonnages for transportation to Lower Lakes and for consumption by charcoal furnaces in the area, where a plentiful supply of hardwoods furnished the charcoal for iron smelting. The Marquette and other ranges tributary to Lake Superior did not produce much ore for transportation to Lower Lakes until the locks at Sault Ste. Marie were constructed, but from the time the first lock at the "Soo" was completed in 1855 these ores were transported through the locks to consumer centers in the East. The Marquette Range has a history of continuous production from 1848 to the present day.

Jan 5, 1959

By E. S. Bardwell

THE reverberatory copper-refining furnaces at the Great Falls Reduction Dept. of the Anaconda Copper Mining Co. have used successively, as fuel, lump coal on grates, pulverized coal, oil and natural gas. In no other plant, so far as can be ascertained, has such a variety of fuels been used. This fact affords a unique opportunity for comparing the relative efficiency obtained with these several fuels under nearly identical conditions. FURNACES The present furnace refinery at Great Falls was placed in operation in April, 1916. The original installation consisted of two furnaces, each with hearths 36 by 14 ft. and provided with fire boxes 10 by 12 ft. for firing lump coal on grates. These furnaces had air-cooled sand bottoms and chrome-brick side walls both above and below the metal line. The roofs were of 12-in. silica brick. Each furnace was provided with a waste-heat boiler of approximately 400 boiler-hp. capacity. We soon found that chrome brick was very unsatisfactory as sidewall material because of its excessive spalling. At the first opportunity the furnaces were rebuilt, using magnesite brick below the metal line and silica brick from the metal line to the roof. At the same time the thickness of the side walls was increased, thus decreasing the width of the hearth to 13 ft. At about this time also, the thickness of the furnace roofs was increased from 12 to 15 in. No further changes occurred in furnace design until 1922, when the use of lump coal on grates was abandoned in favor of pulverized coal.

Jan 1, 1932

By Richard Franchot

FERROUS metallurgy today, defined as the art of extracting money from iron ores, appears to suffer from a complex of inherited theory. In so far as pig iron costs contribute to inadequate profit margins, this symptom may be diagnosed as due to persistence, despite disproval, of Sir Lowthian Bell's theories of reduction. An attempt to meet the economic situation by reducing costs through improving blast-furnace metallurgy would be inconsistent with Bell's theories. These theories, though refutable on the facts of practice, still prevail and today's metallurgy, as measured by its fuel economy or smelting efficiency ranging between 30 and 40 per cent. is no better than Bell's, showing a specific efficiency of 36 per cent.1 If fair to neglect dry-blast operations, it appears that the advance in furnace practice since Bell's day, as shown by a tenfold increase in individual furnace capacity, has been largely mechanical and that the metallurgy of the process has not been changed materially, since the introduction of blast heat, patented in 1828. It seems fair to attribute, this lack of progress on the strictly metallurgical side to a domination of the industry by false ideas first expressed by Lowthian Bell. What the furnace seems to need first, in the interest of lower costs and of better iron, is some destructive criticism of these ideas, in moderate doses, to be followed by a constructive theoretical treatment; then, research and still more research.

Jan 1, 1929

By Frank F. Aplan

INTRODUCTION Coal is a solid, combustible mineral substance resulting from the degradation and alteration of vegetable matter largely in the absence of air. In this natural process of coalification, some non-combustible mineral matter is always associated with the combustible material. Coal preparation or cleaning is the process of removing this inert mineral matter from the coal. Preparation is highly successful in removing the large fragments of inert material, but is not very effective in removing the fine inorganic mineral matter intimately associated with the coal. Of the 600 million tons of coal produced in the United States every year, approximately one-half is produced by coal cleaning methods (1). The bulk of this tonnage is cleaned by coarse or intermediate gravity preparation methods (5 inches to 28 mesh, Tyler). Fine cleaning, say, -28 mesh, is done by shaking tables, washing cyclones, and flotation, or, until recently, the fines were either incorporated into the clean coal or simply discarded--not infrequently, the latter. In 1972, only 13 million tons of raw coal were cleaned by flotation in the United States, and from this 8.4 million tons of clean coal were produced (1). The percentage of clean coal produced by flotation in Europe (England, West Germany, Poland, U.S.S.R., etc.) is substantially higher. However, coal flotation has grown rapidly in the United States from only a few plants in 1950 to 31 in 1960 (2) and 66 in 1970 (1). Virtually all new preparation plants incorporate flotation into their basic flowsheet. The essential difference between ore and coal flotation is that for ores the entire tonnage is ground to flotation size, whereas for coal

Jan 1, 1976

By AIME AIME

MORE than thirty members of the Coal Division attended the Coal Land Valuations Round Table on Monday morning. Chairman Dilworth stated that the Committee had been appointed to take up the question and, after reading the list of members of the Committee, pointed out that the object of the meeting was to formulate a plan of action rather than to discuss any phases of valuation, per se. To this end he presented a tentative outline of points to be considered in the future by the Committee. After a lively discussion on the desirability of inclusion of some questions in the agenda of the Committee, the following outline was adopted :

Jan 1, 1931