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By V. H. Wilhelm

Greater stabilization in the petroleum industry was effected during 1934 through stricter compliance with curtailment measures and the establishment of the Pacific Coast Petroleum Agency. Various estimates of individual, company and state reserves revealed the fact that they were inadequate to sustain the present rate of production over a lengthy period, therefore drilling operations were increased during the year both in proved and wildcat territory. This greater activity resulted in the addition to reserves at Mountain View, Mount Poso and Edison in Kern County, Santa Barbara in Santa Barbara County and Playa del Rey in Los Angeles County. Additional reserves were also established in the Long Beach and Santa Fe Springs fields, in Los Angeles County, due to operators being successful in isolating small prolific sand bodies, formerly disregarded during the flush production periods.

Jan 1, 1935

By H. H. Schrenk

There is a need for a method of determining benzene vapor in air which is simple and accurate and suitable for making industrial hygiene surveys. The most widely used method in this country is the Smyth modification of the Elliott and Dalton procedure. This depends on the nitration of the benzene to m-dinitrobenzene, reduction to phenylenediamine with an excess of standard titanous chloride solution, and back titration with a standard ferric ammonium sulphate solution. This method has the disadvantages of being somewhat time-consuming and cumbersome; it requires considerable apparatus, and a special modification is necessary in the presence of toluene. Recently Cook and Ficklen have published a method based on the oxidation of benzene with hydrogen peroxide in the presence of iron salts. This method requires the use of solid carbon dioxide to freeze out the benzene. The reaction Which produces the color is complex; and only approximate quantitative estimations can be made, except in a very narrow range.

Jan 1, 1935

By J. C. De Haven, Harry Seltz

INTERMETALLIC compounds are formed in many binary metal systems. Some compounds are stable to their melting points, and others decompose at lower transition temperatures. Even those of the first class are dissociated in the liquid state, as indicated by the continuous form of their solubility curves at their melting points'. While the lattice structures of some of these compounds' have been determined, their thermodynamic properties have not been investigated. In this paper is described the determination of the free energy and heat of formation of the compound CdSb, which is of the first class mentioned above, melting congruently at 455° C. This compound shows a rhombic structure, and the lengths of the edges of the elementary cell containing four molecules are: a = 6.52,b=8.60,c=4.16Å2 There are three possible methods of determining the free energy of formation of a compound of this type. The first method, applying the third law of thermodynamics, requires the measurement of its heat capacity preferably to liquid hydrogen temperatures, and a calorimetric determination of its heat of formation. The second method involves the study of the equilibrium of the compound in some gas reaction, such as: CdSb + CO2 = CdO + CO + Sb. From the known free energies of formation of, CdO, CO2 and CO the free energy of formation of CdSb could be calculated. The third method measures the electromotive force of a galvanic cell in which the cell

Jan 1, 1935

By J. J. Bowman, E. H. Dix

A LACK of experimental data illustrating the effect of composition, particularly in respect to impurities, on the mechanical properties and corrosion resistance of aluminum-alloy die castings induced the authors and their associates to undertake a limited study of these relations. A number of commercial alloys and several experimental variations of a commercial alloy were used for the investigation. Mechanical property, growth, steam, paraffin, salt spray and atmospheric exposure tests were employed. This paper deals with the more accelerated tests and the results they have produced. It is concluded that a high-silicon alloy with all impurities except iron strictly limited to small amounts will develop an excellent resistance to corrosion and retain satisfactory mechanical properties and casting characteristics. As a direct result of this investigation an alloy of this character with superior corrosion resistance is now available commercially. In general, copper increases the strength and decreases the elongation and corrosion resistance. Tin reduces the mechanical properties and the resistance to corrosion. Iron reduces the elongation and, if excessively high, may adversely affect the tensile strength. Even excessively high iron contents do not affect the corrosion resistance, which is fortunate for the die caster as it is this element that is the most difficult to control. Nickel and zinc in limited amounts do not seem to affect the properties or corrosion resistance of at least the high-silicon alloy. Growth tests have confirmed the previous common belief that dimensional changes under either dry or wet conditions at 100° C. are too small to be of practical importance.

Jan 1, 1935

By Harrison Schmitt

During the past decade the writer has studied and mapped certain ore deposits and their structural associations in the states of Chihuahua, Durango, New Mexico and Arizona, and he believes that these deposits, with the exception of the manto-chimney, are representative of the principal types in the area of the states named. In this paper the deposits are described; then generalizations are drawn so far as seems appropriate. Hanover, New Mexico The Hanover, New Mexico, zinc deposits were briefly described by Lindgren and others,' Paige2 and recently in more detail by Schmitt. These, the kind ordinarily called contact metamorphic, border the southern end of an oval area of granodiorite intrusive ¾ mile wide and 2 miles long (Fig. I). The granodiorite has intruded, folded, and metamorphosed sedimentary and igneous rocks, which range in age from pre-Cambrian to Upper Cretaceous. About 90 per cent of the ore has replaced coarse, recrystallized, pure, fossiliferous, lower Mississippian, nonmagnesian limestone (Hanover limestone) 110 ft. thick;4 about 75 per cent of it occurs in the upper 50 ft. of this horizon just below an 18-ft. lower Pennsylvanian shale bed, which lies on a locally inconspicuous unconformity representing upper Mississippian time. The orebodies show five shapes or attitudes, each dependent on a special structural situation: 1. Most of the ore occurs as podlike, thick lenslike or other "three-dimensional" shoots extending from top to bottom of the Hanover limestone and lying adjacent to the outer contact of a silicate zone largely of andradite, which follows the intrusive contact (Figs. 1 and 2).

Jan 1, 1935

By J. A. Taylor, H. F. Yancey

"INTRODUCTION Froth flotation as applied to coal is a process for separating desirable carbonaceous material from undesirable inorganic matter. In general, the feed must be finer than one eighth inch in size. The principal use of the process in the preparation of coal appears to be in the treatment of the fine sizes produced by breakage during mining and preparation.The Bureau of Vines in Information Circular 6714 has published general information on coal flotation, summarized investigative studies of the process, and described operating plants throughout the world with their tonnage, reagent consumption and operating costs.4ACKNOWLEDGMENTSThe present study of means for depressing pyrite and reducing ash ty froth flotation was conducted at the Northwest Experiment Station of the United States Bureau of Wines in cooperation with the College of vines. University of Washington, under the general direction of A. C. Fieldner, chief engineer, Experiment Stations Division, Bureau of Wines. Grateful acknowledgment is made for suggestions and criticisms received from W. H. Coghill, supervising engineer, U.S. Bureau of Mines Mississippi Valley Experiment Station, Rolla, Mo.; J. B. Morrow, and R. E. Zimmerman, of the Pittsburgh Coal Co.; and Dean Milnor Roberts and Prof. Joseph Daniels, of the College of Mines, University of Washington.FLOTATION AND DEPRESSIONA substance will tend to float if its surface attracts a gas film more strongly than it does a liquid film when both air and liquid are competing for this attraction. On the other hand, a substance will not float if its surface attracts a liquid film more strongly than it does a gas film. All theories of depression depend upon this fact. A wetted particle of floatable size most likely will be found in the tailings after the flotation process has been completed.The crux of flotation is the selective wetting of the undesirable material that tends to float. Two general methods 5, 6, 7 of depression are in use: One combines a chemical substance with the surface to form a wettable compound, and the other employs some colloidal or ionic substance which the surface selectively adsorbs, thereby forming a wettable surface."

Jan 1, 1935

By B. E. Field

Cobalt is a silvery white metal with a slight bluish cast. It strongly resembles nickel in its appearance and properties, notably its resistance to corrosion, although its alloys with other metals differ decidedly in their properties from those of nickel. The name "cobalt" was derived from the German Kobold, meaning goblin, and this came to be applied to the cobalt minerals which, although they resembled ores, did not readily yield metal when smelted by the primitive processes available in the Middle Ages. Cobalt minerals were used as pigments by potters and glass workers before the Christian era. Cobalt blue glass was found in the tombs of the Egyptians and in the ruins of Troy, and many colors used by the ancient Greeks and Romans contained cobalt. The ancients were entirely unaware that the colors they used were caused by cobalt and the metal itself was not isolated until about the middle of the eighteenth century, by Brandt, although the preparation of cobalt compounds had been carried on in a small way ever since the opening of the silver-cobalt deposits at Schneeberg, Germany, in 1470.

Jan 1, 1935

By Gartrell H. W

During investigations of the treatment methods for ore from the Bird-in-Hand gold mine carried out at Kalgoorlie and at these laboratories, it was found that excess alkali caused a lowering of extraction by cyanide, the cause of this being attrIbuted to the presence of a small amount of oxidised lead compounds in the ore. The subject has been discussed by various writers,3 but no satisfactory explanation of existing facts has been put forward. The experiments described in this report have been carried out with the object of obtaining some insight into the chemical reactions underlying the effect of lead salts and alkalis in cyanidation.The formation of cyanide-insoluble coatings on gold during roasting with lead compounds is well known, but the adverse effect of alkalis in cyanidation of ore is *This paper represents work done under a co-operative agreement between the Commonwealth Council for Scientific and Industrial Research and the South Australian School of Mines and Industries.Published by permission of the Mining Advisory Committee, Commonwealth Council for Scientific and Industrial Research.

Jan 1, 1935

By E. G. Bailey

The bituminous coal industry faces a real problem, if it desires to retain the position in the power-generation field to which it is economi-cally entitled. More power is probably produced today for electrical energy, for steam-driven and steam-heating industries and processes, for transportation by rail, water, highway and air, collectively, than ever before, and yet the total bituminous coal production has decreased about 38 per cent, from 575,000,000 tons in 1926 to 357,500,000 tons in 1934. It is not the intention of the writer to recommend coal as a fuel for automobiles and airplanes, but rather to point to these forms of transpor-tation as being responsible in a very measurable degree for reducing the coal consumed by railroads. Petroleum products may still further reduce consumption of locomotive fuel through the extension of the use of Diesel-driven trains. Oil-burning steam-driven locomotives are replacing coal in some places, where railroads operating high-speed pas-senger trains are willing, temporarily at least, to pay a premium for the fuel, that is low in ash and produces less smoke and practically no cinders. In the navy and ocean-going passenger ships, oil is so firmly estab-lished, and has such definite advantages over coal as formerly fired, in steaming radius, in ease of bunkering, cleanliness, and reduction in firing labor, that very outstanding developments in the handling and burning of coal will be required in order to replace oil. For freighters on the Great Lakes, coal is the logical fuel, but there is great and immediate need of radical improvements in its use, else that market also may be lessened. It is not within the scope of this paper to discuss in detail bitumi-nous coal for either locomotive or marine use, but, rather, generation of power in stationary plants, consisting of electrical generating stations and that very large group of miscellaneous industrial plants, such as paper, rubber, textile, steel and other industries that use electrical, mechanical, and steam power, derived from either hydro or some form of fuel.

Jan 1, 1935

By T. C. Craig

For the year 1934, there were 382 oi1 wells completed for a total initial of 146,965 bbl. Fifty-three wells were deepened for a total increase of 8363 bbl., bringing the total volume of new oil to 155,328 bbl. As of Jan. 1, 1934, the daily potential of the field as determined by the Texas Railroad Commission was 159,740 bbl. Of this amount 26,429 bbl. is "marginal oil," and 2682 bbl. is exempt on account of water. In December, 1934, the daily potential was established by the Railroad Commission as being 297,501 bbl. with a daily allowable of 56,800 bbl. Of this amount 31,993 bbl. is "marginal oil," and 2183 bbl. is exempt on account of water. There has been no field-wide test made during the year, and as a result the rated potential of the field is in all probability much higher than the actual potential. As each new well comes in, a five-day test is made under the supervision of the Railroad Commission. The potential thus established is added to the field potential and shares its pro rata part of the market outlet, which is the allowable production, no allowance

Jan 1, 1935

By R. W. Davis

INTRODUCTION CHURCHILL river was named for John Churchill, first Duke of Marl-borough and third Governor of the Hudson's Bay Company, in the latter part of the 17th century, some fifty years after the ill-fated Danish expedition, led by Munck, had abandoned the site of the now famous seaport of Churchill, as a worthless, cold, disease-ridden country. No other attempts were made to explore the interior until the river basin became a part of the grant to the Hudson's Bay Company and began to play its part in furnishing the luxury of fine furs to civilized people as it had furnished the necessities of food and dress for untold centuries to uncivilized natives. This was the sole contribution of the region to the economic life of the country for some two hundred and fifty years, until 1926, when the power site at Island Falls was discovered by engineers seeking a cheap power source to make possible the development of the great ore-body at Flin Flon. DRAINAGE BASIN OF CHURCHILL RIVER The river is some 1,325 miles long. Rising in the headwaters of the Beaver river, in east-central Alberta, it flows in an easterly direction across Saskatchewan and northeasterly across Manitoba to Hudson bay, through a remarkable basin of some 115,500 square miles, only 6,000 square miles less than the area of the British Isles. A journey down this river leads one through three distinct belts of country, each vastly different from the others geologically and in surface characteristics. For the first five hundred miles the river flows through a basin of 36,000 square miles of the great central-plains country, which is covered with fertile soil and carpeted in its southern part with prairie grass, which gradually gives way to the mixed forests of poplar, spruce, birch, and jackpine in the northern and eastern sections: About midway across Saskatchewan, bald-headed knolls and ridges begin to make their appearance as the river meets the western margin of the Canadian Shield. Then, for some seven hundred miles, it passes through country underlain by the pre-Cambrian rocks of the Shield, which continue to within one hundred miles of Hudson bay. Here the character of the country again changes to a low, clay plain underlain by sandstone, and through this 'clay belt' the river flows between steep clay banks, to empty into Hudson bay.

Jan 1, 1935

By Ralph H. Sweetser

To control the slag in an iron blast furnace is to control the quality of the pig iron produced (and to a certain extent the tonnage), and to control the whole operation of the furnace itself, including a large part of the cost of production. The character of the slag is the determining factor in the character of the pig iron as to the controllable limits of sulfur, silicon, and, to a certain extent, the manganese; it has an influence on the proportions of combined and graphitic carbons.

Jan 1, 1935

The Hadsel Mill. By R. G HALL (Trans, vol 112 4000 words) This mill is designed to effect the entire reduction of ores by combined crushing and grinding from mine run size to material sufficiently fine for the usual operation of flotation or cyaniding The work is begun and completed in the same machine. The machine is designed on the principal of the elevator wheel, and crushing and grinding are accomplished by dropping a mixture of ore and water upon specially placed "breaker plates" in such a manner that the resultant material passes back into the buckets of the wheel for further elevation One method of removal of the finished product is to permit an overflow of wet pulp on one side of the mill through coarse screens A recent improvement provides for the removal of a pulp by a launder part way up the path of the buckets In either case the pulp passes to a classifier, and the oversize back to the mill in the manner familiar in ball-mill practice Although hardly through the development stage, the machine has given a very good account of itself in simplification of plant, by elimination of coarse and fine crushers with consequent reduction of installation cost and power consumption As compared with the ball mill alone, there is a reduction of power consumption as well as a material reduction of grinding steel There is an increase in cost of maintenance other than grinding steel, but as the machine passes out of the development stage there is a show¬ing of reduction of costs on this item It seems probable that with further develop¬ment and strengthening of the weaker parts further improvement may be made Ball Milling. By A. M Gow, M GUGGENHEIM, A. B. CAMPBELL AND W. H COGHILL. (Tech Pub 517; also Trans, vol 112. 24,000 words) This paper outlines a new philosophy in ball milling by using power as an index of mill operation and ascertaining the effects of the set and induced variables By recognizing the amount of ore in the mill as an important induced variable and recognizing that the amount of ore in the mill depends principally on the size of the discharge trunnion, ball volume, rate of feed, and speed of mill, obstacles formerly met were surmounted When the amount of ore in the mill is dealt with intelligently and the applied work is proportional to the amount of feed, series testing, which would otherwise give a hotchpotch, gives concordant results The study of ball paths and trajectories was seen to be fruitless when it was shown that the old attrition theory for slow mill speed

Jan 1, 1935

By A. J. Boynton

THIS paper is not the result of recent research with regard to any particular feature of iron metallurgy, blast-furnace practice or mechanical engineering. It is rather a series of notes with regard to contemporaneous progress in blast-furnace construction and operation, together with some suggestions as to changes and improvements that seem to be desirable. On April 1, 1930, a committee of the Chicago District Blast Furnace and Coke Association presented to that association a rather ambitious study of blast-furnace equipment, together with recommendations for the design of construction of a complete blast-furnace unit for the production of 1000 tons of pig iron per day. This report represented the result of months of study by members of the committee, all of whom were actively engaged in operation or design of blast-furnace plants. It is natural, therefore, that comments on the present state of the art should take this 1000-tons furnace, as recommended by the Association, as a basis for comparison with corresponding features of construction or design. See Table 1. In looking through this report at the present time, the significant difference is in the nature of the gas-washing equipment that today would be specified. In other respects, the installation would remain generally very much as it was outlined in 1930. The change in furnace dimensions would be very slight and of no especial significance, except with respect to changes in stock-line diameter, of which more will be said hereafter. The high-efficiency stove as developed by various designers is thoroughly described within this report, and few changes have taken place since. Blowing equipment shows refinement and reflects the improvement in steam engineering. Hoisting and charging equipment and ladles for the conveyance of iron and slag remain, in general, as they were in 1930. In accordance with a general tendency

Jan 1, 1935

By John D. Carr

Introduction The Flin Flon zinc plant operates on what is known as the low density or standard sulphate process, that is, the zinc is carried through the plant solution circuit attached to the SO4 or sulphate radical at a concentration not exceeding 175 grams per litre zinc. The process may be described briefly as follows: The zinc is received in the zinc concentrate chemically combined with sulphur and mixed with many other impurities. The concentrate is roasted and most of the sulphur is burned to a gas, which is discharged from the plant. The roasted concentrate, or calcine as it is called, is leached with a weak sulphuric acid solution so that the resulting leach solution contains a high zinc content but a very small proportion of the impurities. The solution is separated from the solids and is purified further by agitation with zinc dust to remove copper, cadmium, and cobalt. This purified zinc sulphate solution is then pumped to the electrolytic department. The solids from the first leach are again leached, but this time with a stronger acid solution to dissolve all of the remaining zinc which is soluble in the strength of acid available. The solids and solution from the leach are then separated. The solids are stock-piled for further treatment at some future date and the solution, carrying a relatively high amount of impurities, is sent to the first leach, where the chemical action is such that the contained impurities are precipitated as solids. The electrolytic department is nothing more than a large number of electroplating cells in which the zinc is plated on aluminium sheets. Since zinc does not plate tightly to aluminium, the zinc plating or sheet is easily stripped from the aluminium and the sheets are collected to be melted and cast into the standard market bars or slabs. In the electro-deposition cells, the zinc sulphate (ZnS04) is split to metallic zinc (Zn) which plates out, and sulphate (S04) which combines with the hydrogen of the water of the solution to form sulphuric acid (H2S04). When one pound of zinc is deposited, about one and one-half pounds of sulphuric acid are formed. This acid is sent to the leaching section, where it dissolves one pound of zinc from the calcine. The solution is purified and is again pumped to the plating cells. The solution travel forms a complete circuit.

Jan 1, 1935

By Charles L. Ross

A successful placer mine is being operated by the E. T. Fisher Co. on Rock Creek in the South Pass mining district at Atlantic City, Wyo. About 2,800 cubic yards of gravel is dug daily by a gasoline-driven dragline shovel with a 1 1/4-yard bucket and washed in a movable plant with a gold-dredge trommel and standard-dredge sluice boxes; the total cost is about 12 cents per cubic yard. The gold-bearing gravel occupies a narrow valley between two low ranges, of hills. The ground is covered by brush and willows, which are cleared of in the fall by burning after the leaves have dried. The elevation at the mine is 7,600 feet above sea level.

Jan 1, 1935

By C. M. Tucker, K. R. Van Horn, W. P. Sykes

Recent investigations of the molybdenum-carbon alloys have been reported by Becker and Ebertl,‡ Westgren and Phragmén2, T. Takei3, and H. Tutiya4. Takei3 studied the Mo-C system by employing metal-lographic and X-ray methods, and the other publications described the determination of the crystal structure of the molybdenum carbides. In exploring this system by a technique previously applied to the tungsten-carbon series5, the results of Takei were confirmed with two definite exceptions; i.e., first the composition of the eutectic, and second the nature of the carbon-rich intermediate phase. Consequently, a more thorough examination of the molybdenum-carbon constitution was initiated in an effort to correlate the data supplied by the microstructures, diffraction patterns and chemical analyses. Metallographic Investigation A briquette of molybdenum powder when heated in a carburizing atmosphere at 1500" to 1600" C. for several hours develops the carbon-rich layer shown in Fig. 1. The carburization was accomplished by placing the briquette in a carbon tube, which was heated in the hydrogen atmosphere of an alundum muffle wound with tungsten resistor. While the macrostructure indicates two distinct shells, and suggests the possibility of two carbon-rich phases, no evidence of this condition could be detected by the microscope, which revealed but one high-carbon constituent. This carbide forms next to the molybdenum as a relatively dense, light-colored zone (Fig. 2) which passes abruptly into an outer layer of spongy texture. As will be noted later, only one intermediate phase was observed in the X-ray photograms prepared of different locations in the carburized zone. The metallographic structure at the inner border of the shell, reproduced in Fig. 3, shows a marked porosity accom-

Jan 1, 1935

By E. H. Denny

This paper discusses accident experience and costs in 150 Colorado coal mines for the 5 years 1929-33; these mines produced 62 percent of Colorado's coal tonnage during this period. This and similar studies by the United states Bureau of Mines in other States (listed in the appendix to this report) make available comparable information on mine-accident costs and bring out clearly the importance of accident reduction from the humanitarian as well as from the economic standpoint. Compensation insurance costs constitute a considerable part of the cost of coal output. The tendency toward greater liberalization of workmen's compensation laws and increased benefits thereunder may mitigate to some extent the seriousness of an accident to a worker and his dependents, but no compensation is paid ultimately, not by an insurance fund but by the mine operator and the general public, which includes the miner. The one really effective method of reducing compensation costs is to reduce the number and severity of accidents.

Jan 1, 1935

By C. A. Edwards

Following a brief introduction, an outline is given of the four main conditions in which gases may be associated with metals; namely, (1) adsorbed gases, (2) dissolved gases, (3) gases in chemical combination, (4) gases entrapped in blowholes or cavities. Adsorption is essentially a surface phenomenon and is regarded as the attachment of outside molecules or atoms to the exposed free valencies of the atoms comprising the surface layers. In many cases where adsorbed films of gas are formed this is accompanied by a process of diffusion of the gas into the metal itself. This is particularly true in respect to iron and hydrogen, and experiments have shown that there is no difference between the rate at which hydrogen diffuses through a single crystal of iron arid through the same material after it has been recrystal-lized into a mass of small crystals. This does not prevent a somewhat greater concentration of gas at the boundaries of adjacent crystals, nor does it mean that the effect of the gas will be the same at the boundaries as it is within the body of the crystals. Indeed, under certain conditions, iron is rendered very brittle at the crystal boundaries, as shown in experiments by Pfeil with samples of almost pure iron. Much work has been done by many investigators concerning the temperature and conditions under which dissolved hydrogen, in particular, can be at least partially removed from different metals. With iron, the hydrogen that has diffused into the metal as a result of acid attack by pickling or by electrolytic deposition of the gas on the metal is partly removed by exposing the metal to the atmosphere at ordinary temperatures. Considerably more can be eliminated by raising the temperature, and even greater quantities by jointly raising the temperature and reducing the pressure. Annealing at suitable temperatures completely removes the bad effects of excessive mounts of hydrogen dissolved in or associated with iron. This is shown by the data plotted in Fig. 1, giving values for electrolytic iron sheets after annealing at temperatures between 250" and 950" C. The hydrogen brittleness is rapidly diminished at

Jan 1, 1935

By Charles F. Ramseyer

The manufacture of iron and steel is one of the largest of our industries; and in point of size of single plant and equipment certainly the biggest of all industries. By the general public it is generally considered a prime example both of the marvelous technical advances achieved by modern science and engineering in the design and operation of equipment and of the efficiency of big business in the coordination of men and materials. Actually the operation of its basic processes has not changed significantly in either theory or fundamental design of equipment in the past 75 years. Though many other process industries have been born and developed, and not seldom completely revolutionized, during this period, the primary processes of making iron and steel are still carried out along the lines laid down, and in the equipment originated so long ago, by Bessemer, Siemens and Martin, and subsequently expanded to practically the modern scale by Carnegie, Schwab and Captain Bill Jones in the eighteen eighties and nineties. The application of the principles underlying the continuous counter-current physical and chemical interaction of solids, liquids and gases, which have been so successfully used in the rapid evolution of our chemical process industries, has been very largely lacking in the steel industry. In the days of the last-named giants, especially Carnegie, the steel industry made great and rapid technical progress. Carnegie's ever driving idea (as later with Ford in the production of automobiles) was the finding of new and better ways of making cheaper steel. Carnegie himself was a steelman, and so long as he dominated the industry its technical progress was rapid; and he, like Ford, was vastly successful financially as well, since his costs were continually being driven lower than those of his competitors by his advances in steelmaking technique.

Jan 1, 1935