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By Omkar N. S. Beruar

Extraction of sill pillars has always been problematic because of high risk of seismicity and rockburst. Depending on a number of factors, a sill pillar can undergo different failure modes and cause problems in the mine. Of these, sudden and uncontrolled failure of part(s) of the pillar leading to highenergy seismic events and rockbursts is a main concern because it is not possible to predict the location and time of a rockburst apart from its potential to cause extensive damage to the mine structures. To date, a comprehensive technique for sill pillar design and recovery does not exist. Conventional methods of pillar design, such as the pillar stability graph method, are utilized to design stiff sill pillars. In these design approaches, the post-peak response of the pillar-rock system is not considered. This is in part due to a lack of clear and comprehensive understanding of the post-peak behaviour and failure mechanism of sill pillars. In general, the strength of a rockmass is described using a failure criterion. When stresses reach the strength of the rockmass, the rockmass does not necessarily become unstable and knowledge of the loads alone is not enough to assess the instability conditions accurately. In fact, it is not possible to predict instability of rockmass based on the strength/stress ratio alone because instability depends not only on this ratio but also on the loading condition and loading system characteristics. The loading system can dictate whether the sill pillar will go through a stable or unstable failure process. This paper examines the influence of various parameters such as the pillar width to height ratio, the extraction rate, and placement of backfill on the Loading System Stiffness (LSS) and the Pillar Stiffness (PSS). The ultimate goal is to design yielding sill pillars that would yield in a stable manner and will reduce the risk of pillar rockburst. Plane strain finite element analysis is conducted using the generalized Hoek-Brown failure criterion with elastic-brittle-plastic parameters. Examples are given to demonstrate how to calculate these stiffness values and assess the stability condition of sill pillars. It is found that increasing the rate of extraction increases the likelihood of unstable yielding of the pillar as has been found in other studies. Placement of backfill in a timely fashion in the stopes above and below the sill pillars increases the stiffness of the loading system. This indicates that backfilling of stopes while creating the sill pillar increases the likelihood of stable yielding of the sill pillar.

Aug 1, 2013

By Jonathan Ruiz Lizardo, Met-Chem Canada Inc., Flavio Ccuno, Constante Umipig, Ewald Pengel, José Ruiz

"Cerro de Maimón is located in the Dominican Republic on the island of Hispaniola approximately 75 kilometers northwest of the capital city, Santo Domingo. The processing facility consisted of two separate processing plants for oxide and sulphide ores. The oxide plant processed oxide ore bearing gold and silver ore using cyanide leaching and Merrill Crowe processes, while the sulphide plant produced a copper concentrate using conventional flotation. Cormidom is a commendatory example how mineral processing facilities can co-exist in balance with the environment. In 2014, natural occurring copper oxide contamination with finer grained copper-zinc sulphide mineralisation was expected to dominate the sulphide ore body. In anticipation Cormidom contacted the original plant designer Met-Chem to assist in overcoming this challenge. Test work indicated that increased flotation time and subsequent very fine grinding were required. Met-Chem provided the detailed engineering and Cormidom proceeded with the expansion project internally. Currently Cormidom has processed the sulphide ore successfully by implementing flotation modifications. This paper describes the history of Cormidom, test work on the “new” ore body, modification in process design in the Cu-Zn sulphide flotation circuit, construction and implementation.INTRODUCTIONCorporación Minera Dominicana (CORMIDOM) was a wholly owned subsidiary of GlobeStar Mining Corporation (a Canadian based minerals exploration company) with extensive exploration of base and precious metals in the Dominican Republic. In 2007-2008 CORMIDOM constructed the Cerro de Maimom project. The company was subsequently sold and purchased by Perilya Limited from Australia in 2013. Cerro de Maimón is located in the Dominican Republic on the island of Hispaniola approximately 75 kilometers northwest of the capital city, Santo Domingo. It is near the town of Maimón in Monsenor, Nouel Province (see Figure 1)."

Jan 1, 2016

By S. Espley, T. Nyabeze, D. Beneteau

"Many mentorship programs are available to Canadian mining industry employees. Some are company-led initiatives, whereas others are provided through educational institutions or nonprofit organizations. In 2016, a national survey was launched to gain insight into perceptions of what mentorship is, learn about available programs, and collate experiences with formal and informal mentorship opportunities. This paper outlines survey findings and delivers recommendations to industry for consideration in employee mentorship programs. In addition, mining industry leaders share their mentor/mentee perspectives. The intent of this paper is to bring awareness of best practices that can help employees grow and develop in their profession.RÉSUMÉ Les employés de l’industrie minière canadienne ont accès à de nombreux programmes d’encadrement. Certains sont des initiatives menées par les sociétés, d’autres sont proposées par le biais d’établissements d’enseignement ou d’organismes à but non lucratif. En 2016, une enquête à l’échelle nationale a été lancée en vue d’obtenir des informations quant à la perception de ce qu’est réellement l’encadrement, de découvrir les programmes proposés et de comparer les expériences aux possibilités d’encadrement, officielles ou non. Cet article présente les résultats de cette enquête et fournit des recommandations à l’intention de l’industrie afin qu’elle les prenne en compte dans ses programmes d’encadrement des employés. En outre, des chefs de file de l’industrie minière partagent leurs points de vue conseillers/protégés. L’intention de cet article est de sensibiliser les employés aux meilleures pratiques, ce qui les aidera à évoluer et à se développer dans leur profession. INTRODUCTIONThis paper about mentorship in the mining industry is based on voluntary responses to a cold survey, written and circulated by the authors. In 2016, a link to an online mentorship survey was circulated to males and females in the mining industry with the belief that mentorship programs should be available to everyone. The link was delivered via the authors’ personal networks in mining, the CIM Reporter, Women in Mining (WIM) email blasts, LinkedIn, and Facebook. This paper summarizes the answers to the survey questions. The paper is a follow up to one by the same authors (Nyabeze, Espley, & Beneteau, 2010), which was written to gain insight into why women join and stay in the mining industry, and to learn why the overall representation of women is low."

Jan 1, 2018

By Henri-Louis Jacob

Le secteur des substances non-metalliques repose au Quebec sur !'exploitation et la transformation d'une dizaine de mineraux ainsi que sur la production de materiaux de base destines surtout a l'industrie de la construction. L'ensemble de cette production representait en 1982 une valeur estimee a plus de 797 millions $, soit tout pres de 400Jo de la production minerale du Quebec. L'amiante et Jes scories de titane destines a la production de pigments, qui comptent parmi Jes plus importantes substances minerales produites au Quebec, representent respectivement 370Jo et I 70Jo de la valeur totale des non-metalliques tandis que le groupe des materiaux de construction represente pres de 400Jo. Les autres substances, parmi lesquelles ressortent nettement la tourbe, la silice et la magnesite, representent une valeur totale de 61.5 millions $.

Jan 1, 1984

By J. A. Brusset

Introduction I am indebted for most of the information in this paper to Mr. P. S. Lea, Deputy Chief Inspector of Mines of Great Britain, and Mr. A. E. Crook, Engineering Inspector of Mines, Ministry of Fuel and Power. Other coal-mining men in Canada may be as surprised as I was to learn that there are twenty-five Diesel locomotives in service underground in British gassy coal mines. Many more are in use underground in non-gassy coal mines and in metal mines. Approval has been granted for an additional fifty flame-proof locomotives to be used in gassy mines, and these should be in operation by the end of 1946, or as soon as manufacturing facilities permit.

Jan 1, 1946

By Dart Wantland

"AbstractThe scope of geophysics in civil engineering and the nature of exploration geophysics are briefly discussed. Engineering problems amenable to geophysical attack are illustrated by specific examples. The various methods available, accuracy of results, and costs are treated. The possibilities of new uses of geophysical techniques are pointed out.IntroductionTHE SCOPE of geophysics in engineering is different than in oil or mining exploration. In civil engineering, geophysics solves specific problems; as for example, what is the depth to bed-rock along the axis of a proposed dam? The area to be surveyed is of limited extent, and the subsurface information .sought is relatively near the surface. The engineering geophysicist is not called upon to investigate geological basins or extensive mineralized areas or to probe for data to thousands of feet in depth. The geophysical tools employed in the three fields are, however, quite similar; the differences are mainly in the objectives.The Natural Geophysical ExplorationThe terms geophysics and geophysical exploration have been used heretofore and will .be employed in what follows. The question is, therefore, What is geophysical exploration?Geophysical exploration is a line of field work where measurements are made at the ground surface with special instruments to get geological subsurface information. Briefly stated, geophysics is a form of exploration that supplements geological work. It is a blend of physics and geology since physical measurements are made •at the surface of the ground that can be interpreted in terms of subsurface conditions."

Jan 1, 1953

By E. M. Stiles

THE Wellington Lake power plant of the Consolidated Mining and Smelting Company of Canada, Limited, about 25 miles from Goldfields, Saskatchewan, is the second hydro-electric project operating in that Province, the first being the Island Falls plant of the Churchill River Power Company which serves the operations of the Hudson Bay Mining and Smelting Company at Flin Flon, Manitoba. The Churchill River project develops 90,000 h.p. at 56-ft. head; the Wellington Lake plant 3,300 h.p. at 75-ft. with pro-vision for an additional 3,300 h.p. unit. Churchill River power is trans-mitted at 110,000 volts over a 58-mile line of steel towers to Flin Flon and an additional 45 miles over a wooden pole-line to Sherritt-Gordon. Our steel tower-line is 22 miles long, and the voltage is 60,000; this choice be-cause certain such equipment was available from Trail. The diversion of 15,000? second-feet at 56-ft. head for 90,000 h. p. at Churchill river dwarfs our 500 second-feet flow at 75-ft. head for 3,300 h.p. In both cases, the main obstacles to be overcome during plant construction were the lack of transport facilities and the short open season. Let it be noted here that this paper deals mainly with those phases of plant construction which were particularly interesting to the writer. With-out these variations from the ordinary routine, this is just another power project whose story is better told by the accompanying charts and pictures. To many members of the Institute it is still just that; but I am writing for those who, like myself, have been too seldom responsible for major under-rakings at an appreciable distance from a railway siding. When it was planned in early 1937 to erect a 1,000-ton mill at our Box mine, both hydro and Diesel power were discussed. With ten years' ore in sight, even an expensive hydro project, such as ours turned out to be, produces kilowatts materially below the 2-cent operating cost of a Diesel plant using fuel-oil at 14 cents a gallon.

Jan 1, 1940

By R. Edinger

Aerospace and space products depend, probably more than any other products in industry, on advanced materials. While there are many ways of producing aerospace parts, in many cases the process does not allow the design of the metallurgical properties according to the part or product requirements in accordance with its mechanical configuration. Key to the next level of innovative manufacturing is the capability to control the amount of energy applied to the process, as well as the addition of materials in form of vapor or solid particles such as powder in order to build up the metallurgical composition required. With the development of a high speed pulsed laser-electron beam source, the LASTRON(TM) technology, we deliver the basic requirement for a digital manufacturing process of aerospace and space products. This technology, combining Laser and electron beam, finds application in welding, drilling-machining, and is currently modified to allow digital coating (PEB-PVD) methods. In addition to the coating, a powder metallurgical process, called Rapid Manufacturing (RM), will allow the precision melting of parts based on CAD/CAM files. The RM process and the digital coating will allow the production of graded aerospace alloys in parts for jet engines and aero-structures.

Jan 1, 2006

By B. Wasmund, B. Haneman, G. Sheehan

Success in implementing new technology for metallurgical processes is not a foregone conclusion: This paper includes a survey of 23 new technology-based metallurgical plant start-ups, in which the authors have identified 7 successes, 9 difficult start-ups, and 7 failures. Success is defined not only as meeting the schedule and budget to the end of mechanical completion; the key goal is a fast ramp up to the full design production level, with minimum plant and equipment modifications required after start-up. This paper sets out the key factors that underlie achievement of a quick production ramp up curve, as determined from the authors' project experiences and a quantitative analysis of over twenty metallurgical plant start-ups, both pyrometallurgical and hydrometallurgical. Thorough test-work and pilot plants, plus appropriate scale-up to the full commercial plant, are key determinants of success in implementing new technology in metallurgical processes. Another critical factor is the number of new elements and their interactions. Project phasing is also particularly important for new technology projects, with appropriate review after each phase to develop a risk mitigation plan for the subsequent phase. New technology projects need committed champions to advance the project in the face of sceptics, but also require dispassionate and unbiased experts to ask the hard questions. As a project evolves, it is important to periodically question the appropriateness of assumptions, as well as to re-assess the relevance and completeness of data from test-work I pilot plants I industrial analogues. Sufficient human and financial resources are required to complete the often arduous implementation phase. During the ramp-up period, the operation generates little positive cash flow; however, significant expertise and capital are required for the de-bottlenecking projects that are often necessary to reach the plant's design output level.

Jan 1, 2011

By Marc C. Bétournay

"Surface crown pillars, acting to safely protect underground workers and operations from surface elements, are recognized, herein, as distinct from conventional deeper underground pillars. Moreover, because of the variation in mining and geological conditions that exist from mine site to mine site, each case is viewed as unique. A review of numerous case studies and existing literature indicates that there is little general information or systematic problem-solving approach associated with them.A design process, not unlike that of other engineering disciplines, is presented to correct these deficiencies. As part of its purpose, it will inform operators of the key elements required for design and will address the problems of these appendages. The design, while taking into consideration possible surface crown pillar settings and inherent characteristics, is founded on a step-by-step procedure starting with site investigations through to monitoring or pillar recovery. The process is flexible, in that it incorporates decision making and changes in mining strategy. The purpose of each step is explained and each step is extensively described in terms of the required equipment and methods for field work, analysis and support measures. Analytical formulae and studies from several fields directly applicable to surface crown pillars are also given. Recommendations for future research studies are presented."

Jan 1, 1987

By J. J. Denny

The purpose of this paper is to present, briefly, an outline of Canadian practice in the milling of gold-bearing ores- not, however, including those auriferous ores which are mined and milled primarily for their content of some other metal. It is not the writer's intention to offer technical data, nor to discuss any particular phase of the metallurgy, but rather to give a general résumé of past and present methods. As it is only within recent years that gold milling has assumed prominence in Canada, much of the technology is modern, and detailed articles describing the practice adopted in the several mining districts, and recording the various changes and innovations that have been made from time to time, are to be found in the Transactions of the Canadian Institute of Mining and Metallurgy, and in the mining journals. Prior to the year 1860, any gold that had been produced in Canada had come from placer operations in British Columbia, but ' during that year lode gold was discovered in Nova Scotia, in quartz veins, and in several localities mines were opened and small mills of very simple character were erected to treat the ore. These plants, equipped with stamps, or arrastre, were only effective in recovering the free gold. Concentration and chlorination were introduced in an endeavour to save the gold occurring in intimate association with metallic minerals, but, due to various circumstances, gold mining and milling did not progress in Nova Scotia.

Jan 1, 1930

By M. Reda

Inorganic oxidizing agents of the type MeOx-z such as Chromate, Vanadate, Tungstate, and Molybdate... etc. are widely used as corrosion inhibitor. In non acidic solution these oxidizing agent are reduced on the surface of the meta, according to OX + m e + p H20 Red + n OH" In which y = (n-m)/m. The purpose of this publication is to show that for many metals the value of y for any oxidizing agent determines the possibility of that oxidizing agent being an inhibitor or activator for the corrosion process. The inhibition efficiency for other ions such as Pertecnetate and Tellurate which have not been extensively studied can be predicted. A mathematical, equation was derived to express the relationship among the concentration of oxidizing agent, degree of retardation of the corrosion process I cord cor ° (ratio of corrosion current in the solution containing inhibitor to the base solution) , ionic strength of the solution and the coefficient y. The validity of y and the mathematical, equation were verified by many experimental, works on various metals such as zinc, aluminum and steel. Al, the above research works are based on the published research works of Prof. Mikhailoviskii (from 1979 til, 1998) from the Russian Academy of Science.

Jan 1, 2010

By R. C. A. Thurston

Introduction A mechanical spring has been .defined by Wahl ( 1) as 'an elastic body whose ?primary function is? to deflect or distort under load, and which recovers its original shape when released after being distorted'. Most material bodies are elastic to some extent ? and will deform under load, but they are seldom regarded as springs since this is not their primary function. The principal applications of springs are the absorption of energy and the mitigation of shock, the support cf moving masses or the isolation of vibration, and the provision or measurement of definite loads or torques. A large number of spring types have been developed to serve these purposes and to meet the different operational requirements; they range from the large semi-elliptic leaf suspension spring to the delicate watch hairspring. The springs of most importance in machine design, however, are the helical round-wire compression or tension types. They are made in a wide variety of sizes and are used in tremendous quantities, mainly because of their low cost, their compactness, and their relatively high efficiency. Their field of application is as broad as that of machine design itself, but the bulk of production is almost certainly for suspension systems of vehicles such as automobiles, freight and passenger cars, and mine cars, and it is with the last of these applications that this paper is primarily concerned.

Jan 1, 1951

By Pingyang Zhang, Caichu Xia, Shuwei Zhou, Yu Zhou, Yongsheng Hu

A lined rock cavern (LRC) is an alternative container for compressed air energy storage (CAES) to store high-pressure air that is later used to produce electricity. A critical requirement of CAES in LRCs is that the inner seal should provide adequate sealing capacity to prevent air leakage from LRCs. In many studies, rubber sheets are applied to build the inner seal. However, air leakage through rubber seals has not been given much attention and rubber seals are usually assumed to be absolutely airtight. Given that rubber is permeable especially under high air pressure, such as in CAES, air therefore leaks through rubber seals during CAES operations. In this study, a numerical analysis was conducted based on the permeation equation of polymers and the governing equations of thermodynamics of CAES caverns to analyze the characteristics of air leakage from CAES caverns through rubber seals. A planned CAES plant in China was considered as a case study. Results show that air leakage rate increases with increasing cavern temperature and pressure during air injection and decreases as cavern temperature and pressure decline during air withdrawal. However, in total, the daily air leakage percentage is in the order of magnitude of 10-3% in a typical operation cycle, which is much smaller than the critical value of 1%. Under a common range of realistic operations conditions, the daily air leakage percentage is still of the order of 10-3%. Therefore, rubber seals can be used to prevent air leakage in LRCs for CAES. However, the experience of Japanese pilot cavern indicates that the specifications for the on-site vulcanization jointing and installation methods of rubber seals still need improvement.

Jan 1, 2015

By P. Cleyle, J. H. Masliyah, R. S. Chow, Z. H. Xu, Z. A. Zhou

Bubble nucleation in water under dynamic conditions was investigated using an autoclave at an air saturation pressure of 7 atm. Agitation during air saturation of water was found to be crucial in enhancing tiny bubble formation. More bubbles nucleated on hydrophobic surfaces at a higher agitation rate, due to cavity formation by the more intense hydrodynamic conditions. Flotation recovery of bitumen from oil sands demonstrated a significant role of bubbles nucleated in water: more than 50-170% increase in bitumen recovery from different oil sands was obtained by using air supersaturated than the regular water.

Jan 1, 2009

By Staff

This paper contains an outline of the history of the Sullivan mine, now owned and operated by the Consolidated Mining & Smelting Company of Canada, Ltd.; some account of the various methods by which the ore has been treated in efforts to solve the metallurgical problems which its complex character presents, and, finally, to give, as concisely as possible, an outline of the present mining and metallurgical practice along with a description of the mining and milling plant at Kimberley and the smelter and refineries at Trail, in British Columbia. EARLY HISTORY In May, 1892, Pat Sullivan, John Cleaver and Mike Holland left the Coeur d'Alene country, in the State of Idaho, to seek their fortunes in the Kootenay lake district in British Columbia. They were aided in their venture by James Cronin, afterwards locator and owner of the St. Eugene mine at Moyie. Two months later the party broke up, Sullivan and Cleaver crossing the mountains from Crawford bay on Kootenay lake to the head waters of the St. Mary's river, the course of which they followed down to Fort Steele. Here they found a good deal of excitement about the North Star mine, and, joined by "Ed." Smith, who was familiar with this part of the country, they determined to return and prospect in its vicinity.

Jan 1, 1924

By G. A. Bezuidenhout, J. Davis, S. Lefume, J. P. T. Kapusta, D. K. Chibwe

"Although the centennial of the Peirce-Smith (PS) converting process has recently been celebrated, the technology has essentially not changed much since its inception. PS converting is used extensively in the Cu, Ni and PGM industry to remove iron and sulphur from a molten matte phase. A typical PS converting process would use low pressure air supplied by a blower to bubble air through the molten bath. This bubbling injection regime is inherently inefficient from a process and energy consideration. In the late 70’s and early 80’s, Brimacombe and co-workers demonstrated at both laboratory and plant scales that sonic injection (jetting regime) into copper or nickel converters could reduce or eliminate the above hindrances characteristic of PS converting. Since then, in spite of these successes, very little industrial applications have made headway in the converting process of non-ferrous metal mattes on a commercial scale. As part of its operational improvement and energy reduction program (process efficiency), Lonmin Platinum decided to conduct a full scale industrial evaluation of sonic injection using air only to establish if punchless, high efficiency sonic injection was feasible in its small 3.05 × 4.57 m converters (10’ × 15’). A plant trial was run for four weeks in one of its three converters. This paper discusses the plant demonstration with a focus on the experience acquired by Lonmin together with the key learnings from the trials. Reference will also be made to the commercial aspects of a full scale implementation of sonic injection in all three converters in the smelter. INTRODUCTION AND OBJECTIVESAlthough the centennial of the Peirce-Smith (PS) converting process has recently been celebrated (Peirce and Smith, 1909; Southwick, 2009), the technology has essentially not changed much since its inception. PS converting is used extensively in the Cu, Ni and PGM industry to remove iron and sulphur from a molten matte phase. A typical PS converting process would use low pressure air supplied by a blower to bubble air through the molten bath. This bubbling injection regime is inherently inefficient from a process and energy consideration."

Jan 1, 2012

By B. K. Mishra, Subrat Kumar Padhy, B. C. Tripathy, I. N. Bhattacharya

Manganese is a difficult metal to electrodeposit due to its high electronegativity and continues to possess unique process challenges. Manganese deposits of high quality are electrodeposited on 316 grade stainless steel from sulphate solutions in the presence of organic additives such as tetra ethyl ammonium bromide (TEABr), tetra propyl ammonium bromide (TPABr), and tetra butyl ammonium bromide (TBABr). The concentrations of these additives were examined over a relatively broad range to evaluate their effect on current efficiency, specific energy consumption and deposit morphology of the electrodeposited manganese metal. A maximum current efficiency of 68% was achieved in the presence of TEABr in the bath. X- ray diffraction studies revealed that (330) (411) planes were the most preferred planes of crystal growth during manganese electrowinning at a current density of 500 A/m2 resembling alpha-manganese irrespective of the nature of additive. Scanning electron micrographs showed smooth and uniform deposit morphologies when manganese was electrodeposited in the presence of TEABr.

Jan 1, 2014

By Robert D. Brown, Robert B. Parsons

"The mining industry may have survived the October 28 federal budget relatively unscathed, but the same certainly cannot be said of the petroleum sector-and many mining men are left wondering if their industry will be the next one to be singled out for special attention, as federal and provincial governments seek additional revenues and pursue nationalistic or provincial policies.Higher taxes, higher prices, a potpourri of ""incentives"", and a -""Canadianization"" policy mark the principal features of the new National Energy Program released by the government along with Finance Minister MacEachen's budget address.This month, Tax Notes examines the federal budget. with appropriate emphasis on the National Energy Program and its possible future implications forthe Canadian resource industries.IntroductionMost of the Canadian mining industry (tar sands miners excepted) heaved a sigh of relief on the evening of October 28, 1980, as Finance Minister MacEachen confounded the prophets in his budget address by not raising personal or corporation taxes and by making only relatively modest changes in the general tax system. Instead, he concentrated on a sweeping new energy policy. Unfortunately for that important sector of Canada's mining industry which is involved in mining the country's vast tar sands reserves, either now or in the future, the National Energy Program that was introduced along with the budget 'has serious implications."

Jan 1, 1981

By S. H. Logan

Mr. B. Neilly: A week or so ago the Secretary was good enough to forward me an advance copy of this paper by Mr. Logan and it was suggested that I comment on it at this meeting. At that time I was not very certain that I would be here, so I committed my thoughts to paper. As a matter of courtesy to Mr. Logan, I sent him a copy of my proposed remarks and I would like to give you just what I sent to him. Appreciating fully Mr. Logan's ability and many sources of information, one naturally hesitates to question anything seriously set forth as his considered opinion. Neither does one of my political stripe like to accuse him of being too 'conservative.? However, in places his paper reminds me of another general manager of a Canadian bank. While I was still Secretary of the Ontario Mining Association, this general manager wrote asking for our forecast on the current year's mineral production, stating that he proposed to refer to such production figures in his annual address to his shareholders. The request was considered very complimentary to the Ontario Mining Association and, in my opinion, justified a great deal of serious study and effort. Finally, the estimate was prepared and forwarded, showing a modest increase over the previous year's total. Picture our surprise and chagrin on reading his address to find that he predicted not an increase but, if you please, a decline of over $10,000,000. Before I cooled off I wrote asking the basis of such a prediction and got a reply to the effect that men in his position had to be ultra conservative in picturing the future.

Jan 1, 1931