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In traversing lately the Sierra Madre, west of Sail Pedro and Guanacevi, I estimated the topographic summit at several points, by aneroid barometer, at about 8,500 ft. Mr. Weed's measurements, 40 miles further north, are from 9,000 to 9,500 ft., and indicate the correctness of the impression I obtained at the time, namely, that the greatest movement in the elevation of the Sierra was between Guanacevi and Guadaloupe y Calvo. This is suggested also by the course of the headwaters of the Rio Conchas and of the Nazas, and by the relative corrasion of the branches of the two streams. Mr. Weed's statements as to the unevenness and great relief of the andesite floor underlying the later dacites and rhyolites are very interesting, and lead me to add that the floor of the andesite breccias and flows is uncovered for several square miles east of Guanacevi. This floor is of reddish, bluish and gray shales, lying horizontal or dipping slightly east. Their age is unknown; but from the interbedded occurrence of copper sulphides, I took it to be Triassic,

Jan 1, 1903

Discussion of the paper of E.. C. LEE, presented at the St. Louis meeting, October, 1917, and printed in Bulletin-No. 130, October, 1917, pp. 1825 to 1832. H. M. WILSON, Pittsburgh, Pa.-The statement ill the paper of T. T. Read, "Increasing Dividends Through Personnel Work;" that the offering of substantial money rewards for avoidance of accidents is much more effective than mere propaganda or education respecting accident prevention, is a, point fully substantiated in the experience of insurance inspection under workmen's compensation acts. The first year under the Workmen's Compensation Law in Pennsylvania, during which over 2000 mines were tinder the observation and protection of the inspectors of the insurance companies, has resulted in several inspections of each mine, a splendid cooperation .between the operators, the State mine inspectors and the insurance inspectors, and an average reduction in premium rate for insurance from $3.83 to $2.77, a reduction of more than $1 per $100 of payroll, on an average payroll of nearly $100,000,000, In other words, the insurance companies have

Jan 1, 1918

By Morton Macartney

FOR many years the developers or owners of worthy mining ventures in need of financing have found it almost impossible to obtain such financing under the conditions existing in most other lines of business. High rates of interest and unfair participation in profits have robbed the developers of much of their holdings, and have resulted in over-capitalization and many other like evils. When the general financial condition of the country is bad, this difficulty increases to a point where many operations must cease and hen are thrown out of employment. In 1.934 this situation had developed to such a point that Congress attempted to aid the mining industry. It first authorized the RFC to make loans to recognized and established corporations, individuals, and partnerships engaged in the business of mining, milling, or smelting of ores in June, 1934, limiting such authority to loans adequately secured, the security to consist of mineral acreage. The requirements of the law were stringent and of the 252 requests for loans received up to June 1, 1935, 35 were authorized.

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