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By V. L. Eardley-Wilmot

Diatomite as prepared for the market is a fluffy, white powder, remarkably light in weight-it weighs only 10 to 15 pounds per cubic foot, or one-tenth as much as sand. Being extremely porous and inert, it is in large and increasing demand for insulation and filtration purposes, as general filler, and for many other uses. Structure Structurally, diatomite is quite different from any other known commercial material. It is composed of myriads of microscopically small, siliceous shells of diatoms which belong to a group of flowerless aquatic plants called algae. When these plants die, the siliceous remains sink to the bottom of the water and form beds of diatomite. Over 8,000 species of diatoms are known, named, and tabulated. The intricate scroll-work and patterns on many of these are one of the marvels of nature, and yet so small are they that from 40 to 70 million separate diatoms may be contained in one cubic inch of material. However, the size and shape of these diatoms, which vary greatly (compare Figures 5 and 6), have an important bearing on the commercial use of the diatomite. The diatoms in the majority of the known deposits are so typical of that deposit that, after a micro-examination, an expert can usually tell not only from what part of the world, but also from what particular deposit, the sample has come.

Jan 1, 1931

By W G. Forbes

SOME 20 years ago, upon finishing second year at the University of Manitoba, I was faced with the choice of whether I wanted to be a geologist or a chemist. Accordingly, I sought out Professor Brownell, Head of the Department of Geology, to ask him what a geologist did. His reply contained the statement that following graduation one went out into the field in northern Canada for 5 to 15 years to reduce to practice what had been learned at university. To a young man, very socially conscious, even one year, let alone 5 to 10, in a small mining community sounded like being banished to a monastery in the Himalayas and thus I turned to chemistry. Moving to the present, last month I asked a geologist, and then a mining engineer, what does the fresh graduate in their field do these days? The reply was: usually serve an apprenticeship for an indeterminate period either underground or in the field learning the job.

Jan 1, 1965

By The Hollinger Mill Staff

MR. E. L. Longmore (l), in presenting this paper at the Annual General Meeting, suggested that it was neither desirable nor necessary to read any but the briefest portion of the paper. He wished to emphasize that the scale of the milling operations at the Hollinger not only provided several units in continuous operation to ensure that the test work was being carried on under normal conditions, but also provided a large and competent staff to supervise such an extensive experiment and to criticize intelligently the recorded results. He wished to acknowledge the enthusiastic co-operation of the group of assistants whose excellent work was responsible for the confidence with which the conclusions could be presented. The following data were given as a supplement to the published paper. Following conclusion of the test work described in the paper, the size of the balls fed to the mill was changed from 3-in. diameter to 2Yz-in. Within a short time, a gradual rise in the tonnage rate took place and, as no other condition had been changed, the increased tonnage was credited to the changed character of the ball load. At present, the average daily tonnage for the mill with low discharge is 1,507 tons, an increase of 77 tons over the 1,430 tons ground when feeding a 3-in. ball. A similar increase in tonnage should be credited to the high-discharge test, if the 2;Y2-in. ball had been used at that time. This would raise the 1,117 tons ground at that time to a new figure of 1,177 tons. From a study made to determine those factors influencing the rate of pulp flow through the low-discharge mill, it became evident that the ball screen used on the high-discharge mill must have been restricting the flow through the mill, although this was not recognized at the time. Accord-ingly, it was decided to repeat the high-discharge run. Additional length was added to the 21-in. ring grizzly originally used, and the length of the reverse spiral was increased. The end of the grizzly was left open so that, if necessary, excess pulp might flow out. A coarse mesh 3 ft. by 3 ft. flat screen was provided to catch stray balls.

Jan 1, 1937

By M. N. Collison

"In 1960, with the opening of the Chisel Lake mine near Snow Lake, Manitoba, the Hudson Bay Mining and Smelting Co., Limited, commenced a new phase in their mining operation -that of bringing ore to Flin Flon over 100 miles of railroad.The schedule of operations required to accomplish this, together with an outline of some of the problems of handling ore at 40° and 50,0 below zero, are discussed. The facilities required to thaw and unload from twenty to fifty cars per working day are also described."

Jan 1, 1966

By Matthew Blecha

The Tribag copper deposit is one of the rare examples of mineralized breccias in the Canadian Shield. The breccia is a pipe-like body, and consists of granitic, diabasic and volcanic fragments embedded in a vuggy, quartz-carbonate matrix. The mineralization is essentially chalcopyrite and pyrite, with minor molybdenite, sphalerite, galena and other sulphides. The main ore zone is saddle-like in shape, and is enveloped in a zone of chloritization, sericitization and clay-mineral alteration. It is suggested that the breccia is of the diatreme type. Introduction T HIS paper is based on eighteen months of field work, including surface and underground geological mapping and core logging, and on the survey of relevant literature. No significant amount of laboratory work has been done as yet. Location and Access The Tribag Batchawana property is located 40 miles north of Sault Ste. Marie, Ontario, about 10 miles east of Lake Superior. A 17-mile, all-weather road connects the property to the Trans-Canada highway to the south, and 4 miles of a 12-mile road remain to be completed to link it to the Algoma Central Railway to the northeast.

Jan 1, 1965

By S. S. Yuan, Q. Z. Zhu, J. F. Shao

"This paper aims at enriching a homogenization-based anisotropic damage model for hard rocks under complex loading. A new damage criterion is proposed to capture material strain softening. Within the framework of irreversible thermodynamics, we are particularly concerned with two strongly coupled dissipative mechanisms: frictional sliding and damage by microcracking, which usually take place at cracks within cohesive geomaterials under compression. Focusing on the representative elementary volume containing multiple crack families, the free enthalpy of the matrix-cracks system is obtained. Importantly, a back-stress term is involved in the local stress applied to microcracks. This back stress plays the hardening/softening role in the friction criterion which is formulated at local scale. Strain hardening owns to the accumulation of frictional shearing and dilatancy while strain softening is caused by crack growth. The multiscale damage model is used to simulate laboratory tests on the Westerly granite under true triaxial compressions. INTRODUCTIONWhen subjected to compressive loads, hard rocks present nonlinear mechanical behaviors and induced material anisotropies. In that process, two main dissipative mechanisms have been largely identified: damage by crack growth and frictional sliding along closed crack faces, which are usually strongly coupled to each other on crack scale. Theoretical investigations have shown that the damagefriction coupling analyses allow explaining a large number of experimental phenomena involved in brittle or quasi-brittle materials. Concerning constitutive modeling, the standard Eshelby’s solution-based homogenization procedure for heterogeneous materials was recently applied successfully to describing the mechanical and poromechanical behaviors of cracked frictional solids."

Jan 1, 2015

By M D. Winning

The historical development of the elemental sulphur recovery industry in Western Canada is reviewed for the period 1952 to 1965. A brief technical description of a typical modified Claus sulphur recovery unit is presented. Some predictions are made concerning the future of the elemental sulphur recovery industry in Western Canada. THERE are evidences of sulphur or its compounds having been used for religious and medicinal purposes as far back as we have a recorded knowledge of history. As typical examples, sulphur was burned as a sort of inverse incense to drive away evil spirits at religious festivals, sulphur ointments were used by the early Egyptians to cure eye ailments, and hot sulphur-spring water was used as a cure for a variety of ailments. Thermopyle was called "Hot Gates" be-cause of its fame as a spa as well as a mountain pass. The Romans discovered the sulphur deposits in Sicily and mixed sulphur with bitumen for incendiaries; and, of course, anyone familiar with the travels of Marco Polo knows about the Chinese development of gunpowder, which contains sulphur. In some aspects things haven't changed much today. We still use sulphur-bearing ointments, and we still use the hot sulphur springs such as the one at Banff in Western

Jan 1, 1965

By George Kellock

Introductory The Alberta Provincial Government has contemplated a revision of the Mines Act for some time past, and it is understood that a definite decision has now been made to do this at the next session of the Legislature. The Operators' and Miners' organizations of the Province have been asked, or at least have been given the opportunity, to submit their views and ideas relative to the proposed changes. The operators have already drafted out a number of changes which they feel would improve the Act from the standpoint of safety and practicability, and this paper has been prepared so that the general membership of the Rocky Mountain Branch of the Institute, which is composed largely of the operating and certificated officials of the mines, might have an opportunity to discuss, criticize, and improve upon the suggested changes which the operators are putting forward.

Jan 1, 1929

By P. R. La Pointe, J. Clark

"Studies have shown that the roof in coal mines is nearly twice as likely to fail at intersections as at entries due to enlarged roof spans, stress redistribution and other factors. However, the relative stability of intersections in a mine varies, and an improved understanding of what factors impact roof instability can lead to efficient, proactive mining practices that both enhance stability and mining efficiency.A study was undertaken at an underground longwall coal mine to develop a model to predict the stability at the intersections of entries and cross-cuts. The statistical analyses relied upon observational and measured data regarding the development of tension cracks, seepage, intersection geometry, mining practices, geological attributes and geomechanical factors at 783 intersections. Each intersection was given a NIOSH roof. Common data mining techniques, such as multivariate linear regression, multinomial logistic regression, decision trees and probabilistic neural nets, were considered and evaluated to establish correlations and associations between stability and the other variables. Two of the more successful techniques were Decision Trees and Multinomial Logistic Regression. The analyses showed that a number of factors impacted stability:• Overburden thickness (impact on stress concentration magnitudes)• Initial opening area (impact on stress concentration magnitudes)• Sulfur content (depositional environment & impact of mechanical properties, leaching effects)• Intersection type (impact on stress concentrations)• Gob distance (impact on stress concentrations)• Presence or proximity of a particular sandstone (impact on mechanical properties)• Roof bolt type and diameter (impact on reinforcement)Some factors showed no statistically significant relation to stability. These included:• Total area• Supported areaSeepage was a more problematic variable in assess. Seepage is associated with instability, but it is not clear whether seepage occurs as a consequence of instability, for example, through the creation of tension cracks, or whether the intersection has been excavated where water already exists and has degraded the rock prior to excavation, leading to greater instability.Seepage appears related to the geology of the roof rock mudstones, not the sandstones. Tension cracks in the intersections occur preferentially where the Sulfur content is below 0.9%. The Sulfur may relate to mechanical differences in the roof rock, and where the Sulfur is low, the roof is less stable, there are more tension cracks, and seepage is greater. This suggests that the weaker mudstones may be more prone the development of tension cracks, not because these rocks are more brittle, but possibly weaker.2-way and 3-way intersections appear to have less seepage than 4-way, although very few intersections overall have any seepage. This is similar to the roof stability, in which the 2-way and 3-way are more stable. 2-way and 3-way intersections have fewer-than-expected tension cracks, while 4-way have more than expected. These results suggest that four-way intersections are weaker and more prone to tension crack development, also suggesting that increased seepage results from weaker roof conditions, rather than the converse. Thus seepage appears to be mostly a consequence of instability rather than a cause and is higher where there are 4-way intersections, mudstone geology and external loading factors like depth of cover and proximity to gob that promotes crack development. The study also indicated that a better understanding of the mudrock facies could reduce uncertainty."

Jan 1, 2015

By A. S. Dawson

"IntroductionTHE PURPOSE of this paper is to describe the results of a preliminary investigation of a method thought to be useful in interpreting geological structures in un-metamorphosed sedimentary rocks. The writer is not aware of the method having been described or investigated previously, although no thorough search of the literature has been made.The method to •be described is based on the assumption that, in argillaceous sedimentary rocks, certain ceramic properties are diagnostic for certain beds within areas of variable limits.Two ceramic properties• have been investigated: pyrometric cone equivalent (P.C.E.), and bloating characteristics of shales. The enquiry has been directed toward testing the usefulness of these properties in determining the following:A -The correlation of shale beds and, by inference, of coal seams, sandstone beds, or other such structures associated with them.B.-The location of contacts between marine and non-marine shales where lithological, palaeontological, or other evidence is lacking.Limitations of time and facilities have prevented a thorough investigation of this problem. The results given in the present paper are preliminary only. It is hoped, however, that they will occasion discussion or even lead to more thorough investigation of the method by individuals or organizations.There are, admittedly, various limitations to the proposed method. It is thought to show some promise when used in conjunction with the well-known and established methods used in stratigraphic correlation and, more particularly, when the conventional methods are not applicable."

Jan 1, 1952

By Morgan Schauerte, Laura Raimondi, Mariel Palomeque

Executives in the mining industry are facing dramatically changing market expectations on reporting and transparency regarding the environmental and social impacts of projects, supply chains and products. Companies increasingly need to disclose the governance procedures they have in place to ensure communities, investors, employees, and Indigenous partners are effectively managing social and environmental risks. These disclosure requirements begin during exploration and carry through to all stages along the project life cycle. This type of environmental, social and governance (ESG) disclosure is referred to as ESG performance by the investment community. ESG is not a new concept, and it builds on and is intertwined with many concepts such as corporate sustainability, corporate social responsibility, eco-efficiency, triple bottom line thinking, life cycle management and many others. This paper will explore how mining companies can develop a credible ESG governance approach and strategy that will reduce risk, open opportunities, and create value. This paper will summarise ESG trends and drivers, discuss the economics and investors’ perspective towards ESG, and outline leading ESG standards and guidelines of interest to investors, regulators, communities and other stakeholders. Linkage of ESG to global sustainability efforts such the United Nations Sustainable Development Goals and Global Compact will also be addressed.

Jan 1, 2023

By A. Pearson, F. A. Auld, S. O. Colbeck

"""The theory of buckling of shafts and Steel tunnel-linings"" was published by E. Amstutz in 1970 and commented on by S. Jacobsen in 1974. The authors have revised and enhanced Amstutz’s work to address Jacobsen's comments on its limitations and to extend its validity over a wider range of pipe/shaft geometries, including those commonly found in deep mine access shafts. The author has looked at Amstutz’s assessment of strengthening with flexible shear anchorages and adapted the theory of non-linear shear deformation response of bolts to develop a method of assessing increased buckling capacity utilising the full plastic shear capacity of studs. INTRODUCTION “Amstutz Buckling” refers to the buckling of pipe embedded in concrete under external uniform pressure. In terms of a mining environment, this relates directly to the design of a watertight shaft. This load case will commonly occur where a main shaft is cast against a geostatically stable primary liner and the only load applied to the final shaft is that of a uniform ground water load. Ernst Amstutz wrote his first paper on buckling of pressure-shaft steel linings in 1950 and subsequently improved his theory (Amstutz, 1970), which was then widely adopted for use within the industry. Years later, an alternative approach (Jacobsen, 1974) was proposed. Within his paper Jacobsen critiques Amstutz work, identifying some mathematical inconsistencies and highlighting limitations of the theory imposed by approximations adopted by Amstutz. Despite these limitations Amstutz work has still been used as the favoured design theory for use in the mining industry. In reviewing this body of work the author realised that with the advent of readily available computing software it was possible to adopt an iterative approach using Amstutz approximate formulae to find a solution to the original precise formulae, thus eliminating the limitations highlighted by Jacobsen The shear deformation to load characteristics of bolts has long been established (Crawford & Kulak 1968) and used for the plastic design of bolted connections in shear. This relationship is directly transferable to the design of shear studs, typical properties are well known, and actual values easily established in simple lab tests. The author has taken this relationship and modified Amstutz theory (Amstutz, 1970) for shear anchored strengthened liner buckling, to give a more efficient solution, using readily available material properties."

Jan 1, 2019

By M. Narita, S. Nakayama, M. Fujihara

Hibi Kyodo Smelting Co., Ltd. was founded in 1968 and celebrated its 50th anniversary in 2018. In 1972, we started producing copper cathode with a production capacity of 84 KTPY. Since the company founding, we have undertaken seven expansion projects, and our current copper-cathode production capacity is 290 KTPY. To increase our production efficiency, two tank houses were converted from Conventional process to ISA process in 2006 and 2014. In another investment, we equipped a continuous glue dosing system, which allowed for strict additive-concentration control, yielded quality improvements and reduced the power-consumption rate. Along with an increase in the production of copper cathode, the amount of impurities eluted from the anode increases. To solve this problem, the chelate-resin purification process that was introduced in 1983 was renovated, and impurities could be recovered more efficiently. In this paper, we report various improvements that have been implemented at the refinery since 2000. INTRODUCTION Tamano Smelter and Refinery of Hibi Kyodo Smelting Co., Ltd., founded in 1968, celebrated the 50th anniversary of its founding in 2018. The Tamano Smelter opened its No. 1 tankhouse in 1972, and began operating No. 2 tankhouse in 1984. Thereafter, with continuous production increases and technical improvements, electrolytic copper production was increased from 84 KTPY to 290 KTPY as shown in Figure 1. Table 1 shows the major operating facilities and operation data in 2017.In this paper, details of equipment introduced to continuously dissolve and add glue, various improvements made to the chelate resin process, enhancements made to the crude Ni sulfate process, and another vibrating screen introduced to the copper slime processing flow in accordance with the expansion of copper production capacity since 2000 are reported.

Jan 1, 2019

By L. M. Dwarkin

Strip mining in Western Canada, though of considerable importance, is a fairly recent development for many of the operators in the district. Adding to the difficulty of unfamiliarity is the fact that a great deal of the stripping is done on pitching seams, for which the engineering and economic principles of setting the most advantageous strip ratio are not readily apparent. The novelty of the operation combined with the complexity of the principles involved can easily lead to misconceptions as to the determination of the economic ratio. Definition of Strip Ration There are two commonly accepted meanings of the term strip ratio: (1) The ratio of feet of overburden to be stripped per foot of coal recoverable. (2) The ratio of cubic yards of overburden per cubic yard or ton of coal. The first definition is inapplicable to pitching seams so, throughout this paper, strip ratio will be taken as the ratio of cubic yards of overburden to be removed per cubic yard of coal recoverable. Economic Ratio In the case of flat seams, the strip ratio is fixed by existing natural conditions, and the magnitude of this ratio determines whether stripping is economically feasible. With pitching seams, however, the strip ratio is a variable. On the outcrop, there is usually some coal which can be obtained with little or no stripping. As the work is carried down the pitch of the coal seam, the proportion of overburden continually increases until a point is reached where it is no longer economical to continue the operation. The question immediately arises as to the location of this point, and this resolves into the problem of determining the most favourable strip ratio, or, to use the accepted term, the economic ratio.

Jan 1, 1949

By R. P. Zahn

The need for quantitative mineralogical data to characterize ore types before they are processed is becoming increasingly necessary. Mineralogical data (modal abundances, grain size, liberation/locking characteristics, mineral textures and associations) can provide invaluable information to facilitate the identification of metallurgical issues that may arise during processing of a particular ore. This paper will discuss the use of QEMSCAN analysis in conjunction with bench scale flotation test work to determine metallurgical characteristics for several ore types that will be fed to the Morenci concentrator upon commencement.

Jan 1, 2007

By F. J. Hrach, K. P. Flynn, P. J. Miranda

"ST Equipment & Technology, LLC (STET) has developed a processing system based on tribo-electrostatic belt separation that provides the mineral processing industry a means to beneficiate fine materials with an entirely dry technology. In contrast to other electrostatic separation processes that are typically limited to particles greater than 75 µm in size, the triboelectric belt separator is ideally suited for separation of very fine (<1 µm) to moderately coarse (300 µm) particles with very high throughput. The high efficiency multi-stage separation through internal charging/recharging and recycle results in far superior separations that can be achieved with a conventional single-stage free-fall tribo-electrostatic separator. The triboelectric belt separator technology has been used to separate a wide range of materials including mixtures of glassy aluminosilicates/carbon, calcite/quartz, talc/magnesite, and barite/quartz. Separation results are presented for selected industrial mineral sources. An economic comparison of using the tribo-electrostatic belt separation versus conventional flotation for barite / quartz separation illustrates the advantages of dry processing for minerals.INTRODUCTIONThe lack of access to fresh water is becoming a major factor affecting the feasibility of mining projects around the world. According to Hubert Fleming, former global director for Hatch Water, “Of all the mining projects in the world that have either been stopped or slowed down over the past year, it has been, in almost 100% of the cases, a result of water, either directly or indirectly” (Blin et al., 2013). Dry mineral processing methods offer a solution to this looming problem."

Jan 1, 2016

By G. S. Hume

"THERE HAS BEEN a marked growth in the petroleum industry in Canada since the end of the war. The rate of growth in the demand for oil products has exceeded that in United States, although the per capita consumption is still less. Estimates of the consumption of petroleum and petroleum products in Canada in 1951 are approximately 154,000,000 barrels, which is slightly more than 11 •barrels per capita, whereas the estimated consumption in United States for the same period, according to World Petroleum, is placed at 2,619,- 970,000 barrels. This, on the basis of a population of 154,000,000, would be equivalent to 17 barrels per capita. The increase in consumption of the petroleum and products is world wide. World production in 1951 has been estimated (Oil and Gas Journal) at 11,700,000 barrels a day or more than 41;4, billion barrels for the year. United States production increased 13.7 per cent to 6,143,000 •barrels a day and Canada'.s ,, total production increased about 65 per cent from a total of 29,091,235 •barrels in 1950 to an estimated (Dominion Bureau of Statistics) 48,096,800 barrels in 1951.The trend to use increased amounts of petroleum and petroleum products, particularly in the United States and Canada, has also been supplemented by increased use of natural gas. The rate of expansion of the consumption of natural gas in United States in the past few years has been very rapid, increasing from 2,600 billion cubic feet in 1940 to 5,975 billion in 1950, with the proven reserves in the same period increasing from 85,000 billion to 186,000 billion cubic feet."

Jan 1, 1952

By N. Ahern, L. Manoukian

"Cyanide is a leaching agent for precious metals commonly used in gold ore processing. Cyanide exists in various forms (including free, complexed as weak or strong complexes, and as ions such as cyanate and thiocyanate), so its detection, speciation and analysis in processing or environmental samples can be complex. This paper will review best practices for cyanide sampling and preservation in the field, interferences and pretreatment methods required prior to sample analysis and analytical methods that are used for cyanide species. Titrimetric, flow injection ligand exchange, spectrophotometric, colorimetric, potentiometric, amperometric, and chromatography techniques will be discussed and their chemistries, detection limits, advantages and limitations will be described.INTRODUCTION Cyanide is well known to be an extremely toxic species. Accurate cyanide measurement in effluent from mines is critical from an environmental perspective. Its measurement is also an important control parameter in the recovery of gold using cyanidation. Cyanide chemistry is diverse and complex, and cyanide analysis can be challenging as a result of and because of limitations in understanding of analytical methods. Various chemical mechanisms can form or destroy cyanide, and the sample matrix or preservation chemicals can also affect analytical results. These interferences make the collection of reliable cyanide measurements challenging and can start as soon as the sample is collected, during laboratory pre-treatment and during analysis. This paper reviews different methods of cyanide measurement. The basic chemistry of cyanide, best practices for sampling and preservation, as well as various methods of analysis will be discussed.CHEMISTRY The complexity of cyanide chemistry is well known (Beck, 1987; Delgado, Botz, Bucknam, Milasovljevic, & Staley, 2008; Botz, Milosavljevic, & Ward, 2013) and is attributed to the ability of cyanide to undergo: •,Volatilization •,Precipitation •,Adsorption •,Complexation with metals •,Oxidation to cyanate, ammonia, or cyanogen chloride •,Reaction with sulfur or sulfide minerals to form thiocyanate •,Redox reactions leading to the formation of cyanogen and cyanate •,Redox reactions (of some cyano complexes) •,Photochemical reactions (of some cyano complexes)"

Jan 1, 2017

By Melvin S. Taylor

The environmental control program at Cassiar Mine is an active one involving government, unions and company personnel all working together to achieve a goal- "A clean and safe working environment". This can only be achieved by utilizing three of Cassiar&apos;s most important resources; i.e., people, time and money. Past environmental programs have more than proved that the goal can be reached and. with the future programs now in progress. Cassiar Asbestos will achieve its environmental goals.

Jan 1, 1978

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&apos;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 &apos;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&apos;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&apos;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