Labor's Cooperative Policy 171 
tric Company, remarked at the convocation of New 
York University in 1928 that there “seems to be 
periods in the world’s history when the imagination 
of man flowers into production; curiously enough, it 
always has a relation to business and profits.” Thanks 
to health research and improved hygienic practices, 
Mr. Young said, plagues are today unknown that in 
past years wiped out in a single season a sixth to a 
quarter of London's population. The time of such 
ravages from disease is past. Periodic health ex- 
aminations among groups of workers are a powerful 
instrument for accelerating this process. 
Doctor James E. Kavanagh, Vice President of the 
Metropolitan Life Insurance Company, speaking at 
the convention of the Association of Life Insurance 
Presidents in 1928, said that group insurance is a 
leaven working through the nation’s industry to effect 
“greater codperation between employer and em- 
ployee, reduction of labor turnover, increased protec- 
tion of employees against death, sickness, accident 
and old age; increased thrift and increased effort for 
better health and working conditions. . . . It is 
because of its economic advantages that group in- 
surance has spread so rapidly in America. The 
insurance companies have, in effect, applied the prin- 
ciples of production engineering to merchandizing 
their goods. Labor profits from good management 
which considers the welfare of the employee and re- 
sults in steady employment of wages of high purchas- 
ing power.”