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Fieldcrest mill whistle. volume (Spray, N.C.) 194?-19??, December 10, 1956, Image 1

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TH E IVIILL WHIS Vol. XV ' 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 NUMBER 11 t rtxiif •■'Srt twi m ■ mm mm ‘ 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 his ha; 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 litii for 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 United States. ^resident Harold W. Whitcomb spoke the group on Friday, acquainting the personnel with the condition of to th( ® business. He traced the develop ment of the company since the purchase of the mills in 1953 by Fieldcrest Mills, Inc. 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) Seventeen Retire 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 were presented. 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.

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