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TH E IVIILL WHIS
' Published by Fieldcrest Mills, Inc. • Plants lo£a»ed In Spray, Draper and Leqksville, N. C. and Fieldale,
Spray, N. C., Monday December 10, 1956
‘ 1}^} \
^®TE BARHAM, a junior at Wake Forest College who was outstanding as a quarter-
on the Deacons’ football team during the season which has just ended, shows
younger brother. Bill, how to grasp the ball. The boys’ father, Clifton B. Bar-
**>■ foreman of the Setting Department at the Karastan Eug Mill, is shown at right.
1957 Sales Program Outlined At Meeting
^ Officials from the mills, our New
sales office and our sales repre-
®r>tatives from all over the nation at-
®nded the annual Fieldcrest domestics
meeting at New York’s Savoy-
hotel November 30-December 3.
the opening session, Frederic W.
oit, vice president, domestics sales, re-
,3®Wed sales activities in 1956 and out-
®d the goals of our selling program
1957. Other sales officials partici-
. ®*^ed in the presentation of a series of
*^Portant merchandise promotions
^'^heduled for 1957 and a review of de-
®lopments in the Fieldcrest Shop pro-
in department stores throughout
^resident Harold W. Whitcomb spoke
the group on Friday, acquainting the
personnel with the condition of
® business. He traced the develop
ment of the company since the purchase
of the mills in 1953 by Fieldcrest Mills,
Mr. Whitcomb pointed out that the
Company’s sales for 1956 are currently
running well ahead of the annual
rate at the time the mills were ac
quired from Marshall Field & Com
pany. He said that this was accomplish
ed through the cooperative efforts of all
divisions of the Company and that,
barring any major business recession,
our increased sales are expected to con
tinue in 1957.
The program at a dinner meeting Fri
day included remarks by Mr. Foit, R.A.
Harris, vice president, manuracturing;
S. R. Fifield, vice president, raw mater
ials purchasing; and W. B. Guinan, vice
president, rug sales.
On Saturday, those attending had an
(Continued on page two)
Under Pension Plan
Seventeen«»employees with service
records ranging to 42 years retired ef
fective December 1 under the Field
crest Mills Pension Plan. Ceremonies
honoring the retiring group were held
in the Nantucket Conference room
Monday morning, December 3 at which
time the first monthly pension checks
C. J. Frank, director of industrial
relations, presided and congratulated
the employees upon their attainment of
retirement age when they could enjoy
greater leisure with their financial fu
ture secured to an appreciable extent
by their Fieldcrest pension.
Mr. Frank presented Stiles R. Fi
field, vice president in charge of raw
materials purchasing, who spoke to the
retirees on behalf of the officers of the
Company. He transmitted to the group
the regrets of President Harold W.
Whitcomb and Robert A. Harris, vice
president in charge of manufacturing,
who were unable to be present due to
having been unavoidably detained in
New York on business.
Mr. Fifield reviewed the history of
the Pension Plan since it wast institut
ed in 1943. He pointed out that the Pen
sion Trust is now worth in excess of
$8,000,000. The money is held in trust
by the Wachovia Bank and Trust Com
pany of Winston-Salem as trustee.
These funds can never be recovered by
the Company and must be used solely
for the payment of pensions to em
ployees, those now retired and those
to retire in the future.
“To my knowledge, the Fieldcrest
Pension Plan is the most generous in
(Continued on page three)
All Children Invited
The children of all Fieldcrest
employees are invited to a Christ
mas party at 2:30 p. m. Saturday,
December 15, in the Leaksville-
Spray junior high school auditor
ium. Tickets may be obtained
from the foremen.
Employees are invited to the
evening program on the same
date. Tickets are available from
foremen as long as supply lasts.