Situations like the one David Bailey describes are part of the rationale
for the Public Domain Enhancement Act (US HR 2601). Copyright owners
would need to be a $1 fee to maintain their copyright after 50 years and
then each 10 years thereafter until the end of the term, or the work
goes into the public domain in the USA. Registering with the $1 fee
would also provide the updated contact information for the copyright
holder.

You can read more about it at:

  http://www.publicknowledge.org/issues/pdea.html

Michael Good
Recordare LLC
www.recordare.com


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