Document M47RMgpQ9OJEkG124Gk8xkwyL

FILE NAME Allied Signal Bendix ASB DATE 1949 Mar 31 DOC ASB031 DOCUMENT DESCRIPTION NYU - Bellevue Talk from Employee NYU A BELLEVUE TALK - March 31 1949 ee PLAINTIFF'S * EXHIBIT 7 24 When I . OUR COMPANY joined Brake Shoe38 years ago office talk about doctors and medicine had only to do with the sickness of a member of the family or some friend I am sure no one in our headquarters ever mentioned Industrial Hygiene Nurses in industry I am not sure I even knew there were any except in extremely dangerous industries where adequate first aid facili- ties were essential In fact in 1911 there were only 75 indus- trial nurses as compared with 11,000 last year Although we had many foundries I don't think silicosis was a word I heard during the first ten years Lead poisoning was recognized but we were ineffective in eliminating its danger and as a matter of fact not very excited Today we have a Medical Department and its Director is recognized as a most important member of our management He has a strong staff Today a look at our departmental expenses quickly proves industrial nurses are accepted as essential What we argue about what we spend important money on has changed amazingly in my Brake Shoe years Yes - and more rapidly in the last 20 years Business is fully alive to responsibilities which in the old days were to say the least not fully accepted Not too long ago there was a feeling generally that company employees were indebted to the employer Now I spend an important SPNY 005724 NYU - BELLEVUE TALK - March 31 1949 establishes beyond any doubt that such donations are a proper operating expense The average tuition for Medical Schools in the U. S. is 513 The average yearly cost of educating each student is 2200 a difference of nearly 1700 These figures do not in- clude the cost of a graduate year which is needed for specialized industrial training Although tuition can be raised in some degree | the amount possible would make a very unimportant dent in that 1700 There are 78 Medical Colleges If these substantially increase tuition there will be even fewer medical students in our country Medical Schools cannot survive without adequate funds We must go to our Boards of Directors even stockholders if neces- sary and supplement medical school funds with company money In making such recommendations we can say that there will be less security for stockholders in business investments unless there are available an adequate number of properly trained men and women from our medical schools Such people are essential to meeting our obligations to company people Also they are an essential if our determination to build better and better human relations within our companies is to be intelligently pursued When Bellevue opens the door to corporate funds they are giving Commerce and Industry an opportunity to invest money 4 SPNY 005727 NYU - BELLEVUE TALK - March 31 1949 in the protection of their own future the protection against the damage to them which will result from a shortage in medical school graduates That shortage exists today and will rapidly become much more acute unless sufficient funds are promptly supplied for medical education SPNY 005728