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Published by ^tetOCfitST inc. • Rant* ot Droper, €5reenvil!e, Leaksvitle, Sraifhfield ond Spray, N. C., fi»ldale, Vo, and Aubwn, N. Y.-
Spray, N. C., Monday, August 28, 1961
Pension Trust Now Worth SIOV2 Million
At General Offices, President Harold W. Whitcomb presents $350,000 Pension
*und payment to Robert C. Merritt, vice president of Wachovia Bank and Trust
Company, and Karl Clausset, Wachovia trust officer (extreme right). Robert A.
*iarris, chairman of the Retirement Committee, is at Mr. Whitcomb’s right, and
"^illiam B. Lucas, a member of the Committee, is at extreme left in picture.
S.R. Fifield Addresses
Texas Cotton Group
Stiles R. Fifield, vice president of pur
chasing at Fieldcrest Mills, addressed
joint meeting of the Plains Cotton
'^rowers and the Plains Ginners’ Associ-
^tion in. Lubbock, Texas, August 26.
Approximately 1,000 growers, ginners
mill men attended the meeting in
Fair Park Coliseum.
Mr. Fifield discussed the domestic
p^rket potentials and problems as re-
ted to the cotton producer and domes-
He described the inequities involved
the importation of finished textiles
^ hieh, he said, replaces 600,000 bales of
^niestic consumption each year,
sit fifield said the “unfair” imports
^ Uation has directly or indirectly
. ®Used the closing of 850 American mills
In years with a resultant
of 280,000 textile jobs.
For 25-Year Club
An evening program in the new
auditorium at Morehead High
School is being planned for mem
bers of the Fieldcrest Mills 25-
Year Club and their husbands and
wives. The evening program will
replace the former picnic-style
meetings held in Morehead Sta
In recent yeai's, only about half
of those eligible attended the pic
nics. The change in format is be
ing made to attract more of the
25-Year Club members, and also
to permit the wives and husbands
of the members to attend.
The date of the meeting and
more details of the program will
be given in a later announcement.
Invitations and complete informa
tion will be sent to club members.
680 Retired Employees Now-
Drawing Monthly Pensions;
Company Makes Payment
The market value of the Fieldcrest
Mills Pension Trust is now $10,500,000,
including the Company’s payment of
$250,000 as its contribution covering the
The payment was made August 14 to
the Wachovia Bank and Trust Com
pany, of Winston-Salem, as trustee of
the Pension Fund. The Company’s con
tributions to the fund are final and the
money can be used only for the benefit
of employees eligible to participate.
The Fieldcrest Pension Plan is widely
recognized as one of the best in the
textile industry in both its scope and its
It was instituted by Marshall Field
& Company in 1943 when pension plans
were comparatively rare in the industry.
Since that time, a total of 899 Field
crest Mills employees have retired under
Currently 680 retirees are drawing
pensions. During the Pension Plan year
ended November 30, 1960, there were
625 retirees who received monthly
checks from the Pension Trust Fund.
Originally, the Pension Plan covered
all employees of Marshall Field & Com-
(Continued on page eight)
Bloodmobile To Visit
Spray September 11
The Bloodmobile will be stationed at
St. Luke’s Episcopal Church (the Rock
Church) in Spray from 11 a. m. until
4:30 p. m. Monday, September 11.
Although the unit will be stationed in
Spray for the convenience of those who
live or work in Spray, donors are ex
pected from Draper, Leaksville and the
Ben Dunton, assistant purchasing
agent at Fieldcrest who is the local
Bloodmobile chairman, said the quota
is 142 pints, the same as on previous
visits by the Bloodmobile.
Mr. Dunton said “drop-in” donors
were a significant factor in the success
(Continued on page four)