Newspapers / The Fieldcrest Mill Whistle … / Dec. 5, 1966, edition 1 / Page 8
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Maguire Firm Is Growing Part Of Company Good Results Shown (Continued from Page Five) Fieldcrest was organized in 1953. This arrangement has enabled our company to operate without a credit and collec tion department and without credit risk. Cash requirements have always been available immediately upon shipment to customers. In addition, from time to time, Maguire has made short term ad vances over and above the outstanding receivables, as it does to other clients. The Maguire firm was established in February, 1936 by John P. Maguire, who prior to forming his own company had been president of the Textile Bank ing Co., a factoring organization which operates today as a subsidiary of Com mercial Credit Corp. In August, 1954, the Maguire firm was sold to J. P Stevens & Co., and on October 31, 1964, Maguire was purchased by Fieldcrest Mills, Inc. Its record since inception has been one of profit making and it should contribute its share to the overall Field crest picture. Early in 1965, Frank Beane joined the Maguire company as president and chief executive officer. Mr. Beane had had a distinguished business career, most recently with McCall Corp. as well as several other nationally known com panies. The Maguire management has been further strengthened by the addi tion of several senior officers of well- rounded and mature experience. While factoring is Maguire’s most im portant activity, it also does commercial accounts receivable financing, floor plan financing, leasing and other types of general finance. Its leasing division is principally a service to its factored cli ents, where Maguire purchases ma chinery and equipment and leases it cn terms up to five years. John P. Maguire & Co., Inc., occupies most of the third floor of a gleaming skyscraper in Rockefeller Center, the Sperry Rand building at 1290 Avenue of the Americas. Maguire employs ap proximately 325 persons, virtually all t|)f whom are located in its New York James H. Riddle Dies Unexpectedly At 49 (Continued from Page Three) St. Luke’s Episcopal Church. He also was on the board of the Salisbury- Rowan YMCA. He was named to the board of di rectors of the Wachovia Bank and Trust Company in 1964, was a member of the Salisbury Chamber of Commerce, the North Carolina Textile Manufacturers Association and the National Associa tion of Finishers of Textile Fabrics. He is survived by his widow, the for mer Sarah Lowry of York, S. C., and five children, James H. Riddle, Jr., who is in service at Fort Dix, N. J.; Mrs. Howard Marsh, Jr., of Port Washington, N.- Y.; Starr, Ann and Julia, all of the home; a brother, Dan C. Riddle of York, S. C. 8 office. A number of employees at all levels have been with the Maguire com pany since it was organized. Fieldale Campaign Personnel policies and employee bene fits for the Maguire people are generally similar to those of the rest of Fieldcrest. Maguire employees work closely with people in other parts of the company, particularly those in financial, sales, data processing, and customer service departments; and with banks and other financial agencies used by the company. In the successful campaign at Towel Mill in behalf of the Field®' Community Fund, 81.4 percent of employees contributed a day’s pay ,, more and 83.6 percent participated ^ donating in some amount. The t®’' amount contributed was $17,789.41- , In the drawings for prizes affld’’ those who gave a day’s pay or With a history marked by sound ex perience and distinguished accomplish ment, the Maguire company is national ly respected and has great potential. Ag gressive but conservative action is be ing taken to increase all phases of the business. Maguire’s volume in 1965 in creased 17% over 1964, and the record to date this year assures that 1966 will show further substantial growth. $65,249 Contributed (Continued from Page One) Crumpton and George L. Aheron. Blanket division (Blanket Mill, Bleach- ery, Finishing Mill and Central Ware house) winners were Herman C. Cobb, John E. Robertson, Myrtle Morrison, Dovie J. Slaydon and Virgie Wood. In the Sheeting division (Sheeting and Sheet Finishing Mills) winners were Wilbert Strader, Paul Braswell and Clarence Belcher. Karastan division (Karastan Mill and Service Center) winners were Gloria Ratliff, Delsie L. Hopkins, Rebecca N. Galloway and Ken neth Washburn. Winners among staff departments were Nina Rodgers and W. Jeff Turner. winners were as follows: Brewster Pendleton, sheet set; Dorothy C. Seal®’’ bedspread; S. Gordon Bradley, HapP,. ness rug; Harold E. Wright, towel Willie J. Rakes, automatic blanket; a®* Oscar King, towel set. Certificates of Merit from D. A. P**' ceU, general manager—towel raai>; facturing and manager of the To*' MiU, were awarded to- the following ®, partments in which 100 percent of employees gave a day’s pay or Plant service. Superintendent’s Off*^ Set and Printed Goods', Clothroom, Con duction Control Office, Standards, . Warehousing and Shipping Office, Processing; and Personnel-LodgO'^ lage. D. E. Simons, superintendent of ufacturing at the Towel Mill, headed campaign and was assisted by the P*' supervisors. THIEFPROOF LOCK A new pick-proof hood lock is a*' ail; able in several models to fit most ' the new cars. It comes with a doub* cut key to prevent duplication. Join and use Fieldcrest Credit Uni®P) At drawing for prizes in Tri-City Community Fund campaign, Louise Trolli**^* hands ticket to Hurtle Lea. Looking on from left to right are Edith Alcorn, ^ Walker, Edna Hopper, Winfred Hazelwood, Florence Meeks and Robert Barne*' THE MILL WHISTP®
The Fieldcrest Mill Whistle (Spray, N.C.)
Standardized title groups preceding, succeeding, and alternate titles together.
Dec. 5, 1966, edition 1
8
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