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Copyright, 1949, Marshall Field & Company
Issued every Two Weeks by and for
the Employees of Fieldcrest Mills, Divi
sion of Marshall Field & Company, Inc.,
Spray, North Carolina.
OTIS MARLOWE Editor
WALTER GARDNER .. Photographer
Rebecca Barnard Evelyn Lewis
Clyde Brown . Mamie Link
Mable Eanes Charlotte Martin
Margaret Few Gertrude Minter
Hazel Hopkins Mildred Saunders
Geraldine Hubbard Lois Shelton
Virginia Hurd Katherine Turner
Ada Jones Frances Watson
No. 13 Monday, Jan. 10, 1949 Voi. VII
The “Why” Of
The Payroll Plan
Every so often someone asks “Why
should I sign up on the Payroll Savings
The “why” of the Payroll Plan is sim
ple. You begin with the logical premise
that every one should save something
(if he has the means to do so—) that no
one ever was sorry that he saved.
The Payroll Plan is the easiest way
to save. There is no cost or trouble to
the saver. His savings go into U. S. Sav
ings Bonds which pay a high rate of in
terest and give absolute safety. The
Bonds are far more valuable to have as
savings than currency, not alone be
cause of the interest-paying feature, but
because they are registered in the name
of the owner and if lost or stolen or de
stroyed, will be replaced by Uncle Sam.
This, of course, is not true of dollar bills.
You may buy Savings Bonds in your
own name or jointly with another as co
owner, or name a beneficiary. We speak
of “buying” Bonds, but you can’t actual
ly buy Bonds. You can’t “spend” money
on Bonds. You merely exchange some
of Uncle Sam’s dollar bills, which do
not pay interest, lor U. S. Savings
Bonds—Uncle Sam’s Bonds—which do
Savings Bonds are “take home” sav
ings, for which you exchanged $18.75
and for which you will get back $25.00
It is impossible to lose anything on
Savings Bonds. If you have to redeem
one before maturity you will get your
$18.75 back, plus interest due, at any
bank or post office at any time after 60
days from the day of issue. Savings
Bonds never decrease in value. They
are not traded in on the stock market
and they are not, therefore, subject to
market changes in value. Only the
United States Government can “buy”
them back from you, and the Govern
ment has guaranteed their value—will
give you what you paid for them, cash
on the barrel head, plus interest due.
Saving today is doubly important be-
Stationed In Japan
Elwin C. Martin, Jr., son of Mr. and
Mrs. E. C. Martin, 224 Park Avenue,
Leaksville, is serving with the U. S.
Army in Japan. Before enlisting in
service August 7, 1948, he was em
ployed in Karastan Weaving where his
father is assistant foreman. He wiU
appreciate letters from friends at home.
His address is Elwin C. Martin, Jr.
13293254 1st Cav. Div.
APO No. 201
c/o P. M.
San Francisco, Calif.
McGehee To Address
Meeting At Gastonia
Dr. William McGehee of the Field-
crest Department of Personnel Research
and Training will address a dinner
meeting of the Gastonia Personnel As
sociation in Gastonia, Thursday evening,
January 13. The meeting will be held at
the Armington Hotel. Dr. McGehee
will speak on industrial training prob
cause you not only accumulate funds
for your own protection but you and
the millions of other wage earners help
to hold prices down by saving regularly
through the Payroll Savings Plan.
Briefly, the foregoing are the ans
wers to the principal “whys” of the
Payroll Savings Plan, which Fieldcrest
Mills has installed at the request of the
United States Treasury Department for
If any one of our readers still has
some “whys” in his mind about the Pay
roll Savings Plan, we suggest that he
talk with his foreman, personnel man
ager, or C. C. Campbell, paymaster, who
will be glad to clear up any questions.
Visitors To The
Mills And Offices
From Other Sections of the Company:
H. H. Haig, New York.
A. Inra, New York.
E. W. Medberry, Zion.
C. J. Henry, New York.
From Other Firms:
Stanley Tausend, Felix Tausend &
Buy . . . Sell . . . Swap
WANTED TO BUY: Small Coal Heater.
Call 517-J or see Robert Powell,
Blanket Mill Shop.
FOUND; Man’s Wrist watch at Mead
ow Greens Country Club. Owner may
get same by describing. Dale Gambill,
Blanket Cloth Room or Jackson St.,
Rhoulac Knolls Development.
Dough can be rolled out without
sticking. ChUl it thoroughly, then place
between 2 sheets of wax paper. Roll
out—pin doesn’t even touch the dough.
Mr. and Mrs. W. A. Dillon of Floyd,
Va., celebrated their 50th wedding
anniversary January 4, 1949.
Mr. and Mrs. Dillon have three
daughters who are with Fieldcrest mills.
These are: Ersley DiUon, Central Ware
house Packing; Annie D. Rodgers,
Blanket Folding; and Lucy D. Conner,
Central Warehouse Office. They also
have a number of other children, 25
grandchildren and three great-grand
FIELDCREST MILL WHISTLE  MONDAY, JANUARY 10, 1949