Newspapers / The Fieldcrest Mill Whistle … / May 14, 1962, edition 1 / Page 2
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The "Cos\" Of Capitalism It is fashionable today, in liberal circles, to call for a redistribu tion of national income, with a larger share turned over to the “public sector” of the economy. What this means, in plain language, is less for you as an individual to spend in order that the government may have more. The theory is that you are likely to waste a good deal of your money on idle luxuries that the government could spend on use ful public projects. In the same liberal circles, there is a lofty disdain of profit. At best, profit seems to be accepted as a rather sordid reward for businessmen who cannot visualize their higher responsibilities. This year the stockholders of all U. S. corporations will receive total dividends, after taxes, of about nine billion dollars. If the profit system were wiped out, and the whole of these dividends were divid ed equally among all families in the nation, it would amount to about $3.50 per week per family. This $3.50 per week is in a very real sense the total service charge that Americans pay for their entire free-enterprise system. It is the total compensation to the owners of business who have invested their capital for plant and machines, for the production and distribution of our great multitude of goods and services, for continuous develop ment of new and improved products. By contrast, this year it will cost about 150 billion dollars to main tain our government establishment — federal, state and local. That breaks down to about $54 per family per week. For the free-enterprise system and all its benefits, $3.50; for gov ernment, $54. Need more be said? —From Richmond News-Leader Employee’s Son Is Minister At Radford, Va. The Rev. John Saunders, associate minister of the Hillyer Memorial Chris tian Church, Raleigh, has been called to be the minister of the First Chris tian Church at Radford, Va. He already has assumed the new pastorate and has moved his family to Radford. Mr. Saimders is the son of Mrs. Della K. Saunders, a cloth labeler in the Sew ing Department at the Towel Mill. He grew up in the Fieldale area and grad uated from Fieldale High School, where he is remembered as a popular student and a member of the basketball and baseball teams. He was a member of the Pleasant Grove Christian Church near Fieldale. Mr. Saunders later attended John son Bible College where he was grad uated in 1955. He then went to Lynch burg College where he received his A.B. degree in 1957. While attending Lynch burg College he served the Mayo Chris tian Church at Spencer, Va. He next studied at Phillips University where he received the B.D. degree in 1960. While he was associate minister in Raleigh he did some work on his Doctor of Philosophy degree. During his years as a student and since then he has served churches at Spencer, Va., Bartlesville, Oklahoma, and Raleigh. Mr. Saunders is married to the for mer Miss Nancy Wyatt, of Martinsville, Va., who also was a member of the Pleasant Grove Christian Church. Mr. and Mrs. Saunders have two children, Sarah Lee and Brian Edwin. REV. JOHN SAUNDERS Know Your Industry The U. S. Textile industry spends ap proximately 22 billion dollars a year of wages, material and equipment. Government—national, state and lo cal—depends a great deal on the textile industry for money with which to op erate. The textile industry pays from $300 to $400 million a year in corporate income taxes to the federal government alone, in addition to millions and mil lions to state and local treasuries. ^HElMryLkWHISl Issued Every Other Monday For Employees and Friends of Fieldcrest Mills, Inc., Copyright, 1962, Fieldcrest Mills, Inc. Spray, N. C. r OTIS MARLOWE EDITOR Member, South Atlantic Council Of industrial Editors ADVISORY BOARD Howard Barton J. M. Rimmer C. A. Davis J. T. White REPORTING STAFF Automatic Blanket Plant Sue Creech Bedspread Mill Ada Jones Bedspread Finishing Mill Ann Midkiff Blanket Mill Katherine Turner Central Warehouse Geraldine Perkins Draper Offices Mamie Link General Offices Hilda Grogan Gladys Holland, Katherine Manley Karastan Mill Irene Meeks Karastan Offices Mary Stephens Karastan Spinning Div Evelyn Beasley New York Offices Jane Corbin Betty Lencses Sheeting Mill Ruth Talbert Towel Mill Fay Warren, Fannie Hundley Vol. XX Monday, May 14, 1962, No. 32 ^ ^mSERVICE I^^^NNIVERS ARIES Fieldcrest Mills extends congratula tions to the following employees who, since our last issue, have observed not able anniversaries of continuous serv ice with the company. Thirty-Five Years Booker W. Dalton Towel Roy W. Stoneman Towel Opal L. Wilson Karastan Twenty-Five Years John C. Eggleston Towcl Claude W. Underwood Sheeting Daisy F. Slaughter Towel Ethel M. Fowler Blanket Twenty Years Myrtle S. Clifton Towel Ira L. Byrd Blanket Etta G. Hudson Towel Vernon L. Farmer Blanket J. Clyde Minter Blanket Frances W. Thompson Karastan Fifteen Years William Shelton Towel Ten Years Elvin Lee Teague General Offic®® Buy. . . Sell .. . Swap LOST: Pair of dark-rimmed glasses be tween Harris-Sugg Funeral Home and Lincoln Street, Spray. Finder please call the funeral home or Harry Wray> Jr., MAin 3-8374. Reward. FOR SALE: Auto motor, complete, 19®1 Pontiac, 348-hp, 30,000 actual mile®- Call Gene Limsford, Stoneville 4496 after 4:30 p. m. FOR SALE: Break-of-Day tomato plants in bands. 50c p>er dozen. J. Platt Turn er, Sr., 135 S. Bridge St., LeaksviUe, Telephone MAin 3-2234. THE MILL whistle
The Fieldcrest Mill Whistle (Spray, N.C.)
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May 14, 1962, edition 1
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