Health and Safety - Progress Continues; Only Two Major Accidents in U. S. Metal Mines
- Organization:
- The American Institute of Mining, Metallurgical, and Petroleum Engineers
- Pages:
- 1
- File Size:
- 105 KB
- Publication Date:
- Jan 1, 1937
Abstract
A STRIKING testimonial to the value of safety was contained in an ad- dress given in May, 1936, by A. R. Young, vice-president of the United States Steel Corp.: In the period from 1906 to 1935 we have spent $24,860,540 on safety work. By comparing the cost of "prevented" accidents by the cost of settling similar accidents, we found that we had made a saving of $117,224,238. Even if those figures are 50 per cent wrong, at least we got back every dollar we paid for safety and another with it. I don't think anyone has to blush before his board of directors for an investment of that kind.
Citation
APA: (1937) Health and Safety - Progress Continues; Only Two Major Accidents in U. S. Metal Mines
MLA: Health and Safety - Progress Continues; Only Two Major Accidents in U. S. Metal Mines. The American Institute of Mining, Metallurgical, and Petroleum Engineers, 1937.