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I-institute of Metals Division S. SKOWRONSKI, Chairman ZAY JEFFRIES, Vice-chairman WILLIAM M CORSE, Secretary Executive Committee J. R. FREEMAN, JR, Local Section G E JOHNSON R S ARCHER, Non-ferrous Data Sheets P. D. MERICA EDGAR C BAIN, Journal Committee L W SPRING SAM TOUR, Papers Committee F. L. WOLI H. C. JENNISON, Membership Committee Local Section Committee J. R. FREEMAN, JR., Chairman R. J. ANDERSON, Cincinnati R L. DOWDELL. Minneapolis R. S WILLIAMS, BostoI G. H. CLAMER, Philadelphia W. A SCHEUCH, Chicago R. F. WOOD, New York

Jan 1, 1923

Institute of Metals Division SAM TOUR, Chairman J R FREEMAN, JR , Vice-chairman ZAY JEFFRIES, Past-chairman C H MATHEWSON, Vice-chairman WILLIAM M CORSE, Secretary-Treasurer 810 Eighteenth Street, N W Washington, D C Executive Committee Until February, 1031 Until February, 1932 Until February, 1933 T S FULLER J L CHRISTIE W M PEIRCE G E JOHNSON ARTHUR PHILLIPS A J PHILLIPS W A SCHEUCH H M WILLIAMS GUY C RIDDELL Research PAUL D MERICA, Chairman S SKOWRONSKI

Jan 1, 1923

[Chairman ZAY JEFFRIES, Vice-chairman S. SKOWRONSKI, Chairman WILLIAM M, CORSE, Secretary Executive Committee J. R. FREEMAN, JR., Local Section G. E. JOHNSON R. S. ARCHER, Non-ferrous Data Sheets P. D. MERICA EDGAR C. BAIN, Journal Committee L. W. SPRING SAM TOUR, Papers Committee F. L. WOLF H. C. JENNISON, Membership Committee Local Section Committee J. R. FREEMAN, JR., Chairman R. J. ANDERSON, Cincinnati R L. DOWDELL, Minneapolis R. S. WILLIAMS, Boston G. H. CLAMER, Philadelphia W. A. SCHEUCH, Chicago R. F, Woon, New York Papers Committee S. SKOWRONSKI, Chairman F. H. DIx, JR.-Aluminum E. R. DARBY-Bronze C. S. WITH ERELL-Copper H. A. BEDWORTH-Brass W. K. FRANK-BRONZE F. W. HARRIS-Copper R. L. SUHL-Nickel H. M. ST. JOHN--Foundry Metallurgy R. S. DEAN-Theoretical Metallurgy]

Jan 1, 1928

CYRIL STANLEY SMITH, Chairman CARL E. SWARTZ, Past-Chairman ARTHUR PHILLIPS, Vice-Chairman E. E. SCHUMACHER, Vice-Chairman H. A. MALONEY, Treasurer FRANK. T. SISCO, Secretary 9 West 39th Street, New York, N. 1. Executive Committee 1944 1945 WILLIAM C. ELLIS C. S. BARRETT ALAN MORRIS T. A. WRIGHT KENT R. VAN HORN L. L. WYMAN

Jan 1, 1943

ROBERT F. MEHL, Chairman ALBERT J. PHILLIPS, Past-chairman ROBERT H. LEACH, Vice-chairman E. M. WISE, Vice-chairman W. M. CORSE, Treasurer - Louis JORDAN. Secretary 29 West 39th St., New York, N. Y.

Jan 1, 1938

ROBERT H. LEACH, Chairman ROBERT F. MEHL, Past-Chairman D. K. CRAMPTON, Vice-Chairman E. M. WISE. Vice-Chairman W. M. CORSE, Treasurer LOUIS JORDAN, Secretary 29 West' 39th St., New York, N. Y. Executive Committee 1940 1941 ARTHUR PHILLIPS W. P. SYKES L. E. SCHUMACHER E. A. ANDERSON CARL E. SWARTZ D. L. COLWELL 1942

Jan 1, 1939

ARTHUR PHILLIPS, Chairman C. S. SMITH, Past-Chairman L. W. KEMPF. Vice-Chairman. E. E. SCHUMACHER, Vice-Chairman H. A. MALONEY, Treasurer FRANK T. SISCO, Secretary °9 West 39th Street, New York 1S, N. Y. Executive Committee 1945 1946 S. BARRETT H. L. BURGHOFF T. A. WRIGHT GERALD EDMUNDS L. L. W MAN A. A. SMITH, JR.

Jan 1, 1944

I-Institute of Metals Division* PAUL D MERICA, Chairman ZAY JEFFRIRS, Vice-chairman W M CORSE, Secretary Executive Committee T R FREEMAN JR, Local Section S SKOWRONSKI, Papers Committee R S ARCHER Non-ferrous Data Sheets H C JENNISON, Membership Committee C BAIN, Journal Committee L W SPRING Local Section Committee J R FREEMAN, JR, Chairman R J ANDERSON Cincinnati R L DOWDELL Minneapolis R S WILLIAMS, Boston H CLAMER, Philadelphia W A SCHEUCH, Chicago R F WOOD, New York Papers Committee S SKOWRONSKI, Chairman H S ARCHER-Aluminum W K FRANK-BRONZE F W HARRIS-Copper H BASSETT-BRASS G O HIERS-Lead Alloys M CORSE-White Nickel Base Alloys PAUL D MERICA-Nickel

Jan 1, 1923

Institute of Metals Division SAM TOUR, Chairman J. R. FREEMAN, JR., Vice-chairman ZAY JEFFRIES, Past-chairman C. H. MATHEWSON, Vice-chairman WILLIAM M. COHSE, Secretary-Treasurer 810 Eighteenth Street, N. W. Washington, D. C. Executive Committee Until February, 1931 Until February, 1932 Until February, 1933 T. S. FULLER J. L. CHRISTIE W. M. W.M. PEIRCE G. E. JOHNSON ARTHUR PHILLIPS A. J. PHILLIPS W. A. SCHEUCH H. M. WILLIAMS GUY C. RIDDELL Research PAUL D. MERICA, Chairman S. SKOWRONSKI Data Sheet R. S. ARCHER, Chairman T. S. FULLER J. STRADSS C. H. MATHEWSON F. L. WOLF

Jan 1, 1929

W. M. PEIRCE, Chairman J. L. CHRISTIE, Past-chairman E. H. DIX, JR., Vice-chairman ALBERT J. PHILLIPS, Vice-chairman E. M. WISE, Secretary International Nickel Co., Bayonne, N. J. W. M. CORSE, Treasurer Executive Committee W. H. BASSETT, JR. R. H. LEACH' D. K. CRAMPTONR. F. MEHL J. A. GANN W. E. REMMERS G. O. HIERS H. J. ROAST JEROME STRAUSS Finance Committee J. L. CHRISTIE, Chairman W. M. CORSE C. H. MATHEWSON T. S. FULLER H. S. RAWDON

Jan 1, 1934

ALBERT J. PHILLIPS, Chairman E. H. Dix, JR., Past-chairman R. H. LEACH, Vice-chairman R. F. MEHL, Vice-chairman W. M. COME, Treasurer LOUIS JORDAN, Secretary 29 West 39th St., New York, N. Y.

Jan 1, 1937

D. K. CRAMPTON, Chairman EDMUND M. WISE, Past-Chairman CYRIL S. SMITH, Vice-Chairman CARL E. SWARTZ, Vice-Chairman H. A. MALONEY, Treasurer Executive Committee 1942 1943 FRANCES H. CLARK ERIC R. JETTE W. L. FINK LOUIS W. KEMPF J. T. NORTON GEORGE SACHS 1944 WILLIAM C. ELLIS ALAN MORRIS KENT R. VAN HORN Finance JOHN L. CHRISTIE, Chairman J. R. FREEMAN, JR. H. M. ST. JOHN W. M. PEIRCE JEROME STRAUSS

Jan 1, 1941

E. H. Dix, JR., Chairman L. W. M. PEIRCE, Past-chairman R. F. MEHL, Vice-chairman ALBERT J. PHILLIPS, Vice-chairman E. M. WISE, Secretary International Nickel Co., Bayonne, N. J. W. M. CORSE, Treasurer LOUIS JORDAN, Executive Secretary 29 West 39th St., New York, N. Y. Executive Committee W. H. BASSETT, JR. R. H. LEACH' W. H. FINKELDEY W. E. REMMERS2 J. A. GANN H. J. ROAST G. O. HIERS C. S. SMITHS L ZICKRICK

Jan 1, 1936

Institute of Metals Division Ferrous and Nonferrous Physical Metallurgy Established as a Division April 26, 1918 (Bylaws published In the 1944 TRANSACTIONS Volume of the Division) A A SMITH, JR, Chairman E A ANDERSON, Past-Chairman F N RHINES, Senior Vice-Chairman W A DEAN, Vice-Chairman H A MALONEY, Treasurer ERNEST KIRKENDALL, Secretary 29 West 39th Street, New York 18, N Y Executive Committee R M BRICK 2 W A JOHNSON 1 H I DIXON 2 E W PALMER 1 M GENSAMER 2 J H SCAFF 3 J D HANAWALT 1 J D SULLIVAN 3

Jan 1, 1952

J. L. CHRISTIE, Chairman T. S. FULLER, Past-chairman W. M. PEIRCE, Vice-chairman W. A. SCHEUCH, Vice-chairman E. M. WISE, Secretary International Nickel Co., Bayonne, N. J. W. M. CORSE, Treasurer Executive Committee H. A. BEDWORTH G. O. HIERS D. K. CRAMPTON R. H. LEACH E. H. DIX, JR. R. F. MEHL J. A. GANN J. WALTER SCOTT' JEROME STRAUSS Finance Committee T. S. FULLER, Chairman W. M. CORSE H. S. RAWDON C. H. MATHEWSON SAM TOUR

Jan 1, 1934

CARL E. SWARTZ, Chairman D. K. CRAMPTON, Past-Chairman CYRIL S. SMITH, Vice-Chairman ARTHUR PHILLIPS, Vice-Chairman FRANK T. SISCO, Secretary 29 West 39th Street, New York, N. Y. H. A. MALONEY, Treasurer Executive Committee 1943 1944 ERIC R. JETTE WILLIAM C. ELLIS LOUIS W. KEMPF ALAN MORRIS GEORGE SACHS KENT R. VAN HORN

Jan 1, 1942

[ZAY JEFFRRIES, Vice-chairman PAUL D, MERICA, Chairman W, M, CORSE, Secretary Executive Committee J. It, FREEMAN, JR., Local Section S. SKOWRONSKI, Papers Committee R. S, ARCHER, Non-ferrous Data Sheets H, C, JENNISON, Membership Committee E, C, BAIN, Journal Committee L, W. SPRING Local Section Committee J. R, FREEMAN, JR,, Chairman R. J, ANDERSON, Cincinnati R. L. DOWDELL, Minneapolis R. S. WILLIAMS, Boston G, H, CLAMER, Philadelphia W. A. SCHEUCH, Chicago R, F, WOOD, New York]

Jan 1, 1928

[E. E. SCHUMACHER, Chairman ARTHUR PHILLIPS, Past-Chairman L W. KEMPF, Senior Vice-Chairman E. A. ANDERSON, Vice-Chairman H. A. MALONEY, Treasurer FRANK T..SISCO. Secretary 29 West 39th Street, New York 18, N. Y.]

Jan 1, 1946

[L. W. KEMPF, Chairman E. E. SCHUMACHER, Past-Chairman E. A. ANDERSON, Senior Vice-Chairman A. A. SMITH, JR., Vice-Chairman 11. A. MALONEY, Treasurer ERNEST KIRKENDALL, Secretary 29 West 39th Street, New York 18, N. Y. Executive Committee 1947 C. Y. CLAYTON A. B. GRENINGER CURTIS PIGOTT 1948 WALTER BONSACK W. A. DEAN LOUIS JORDAN 1949 J. D. HANAWALT W. A. JOHNSON E. W. PALMER]

Jan 1, 1946

By John Hays Hammond

Discussion of the paper of John Hays Hammond, presented at the Chattanooga meeting, October, 1908, and published in Bi.-Monthly Bulletin., No. 24, November, 1908, pp. 1171 to 117S. PROF. HENRY Louis, Newcastle-upon-Tyne, En j. (communication to the Secretary'`) :-I welcome Mr. Hammond's paper as an. attempt to give definiteness to the best modern professional practice. Such a codification of our professional ethics is urgently needed, seeing how widely the views of mining engineers differ on some of the point-,. raised, for example, I have no hesitation it) performing a class of work, as to which Mr. Hammond seems to entertain some doubts, and, on the other hand, I strongly condemn a practice which he appears to recommend. I have not the least hesitation in making reports for vendors of mining properties, and am constantly doing so; . the best justification for this practice may be found in the fact that such reports have been repeatedly accepted by buyers as giving a correct representation of the facts of the case, which is all that should be demanded from any report. On the other hand, Mr. Hammond advocates that mitring engineers should take payment for their reports tin shares of a company to be floated upon the basis of such reports. I hold that this is ethically wrong, as even the most honest of men is liable to be unconsciously biased under these conditions. Indeed, I go much further, and maintain that a mining engineer who re¬ports or advises upon mining properties should never hold any-mining shares at all, or be himself interested in any mine,' and this has been my consistent practice for many years. A man who holds shares in a mine, and is called upon to report upon a neighboring property or a similar mine, can never be wholly unbiased, and even if lie could be, he would always lay himself open to the suspicion that he was giving a favorable report so as to-enhance the value of the property in which he himself is interested, or an unfavorable report so as to stifle competi-

Jun 1, 1909