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Eden, N. C., March 3, 1969
Sales, Earnings In
1968 Set Records
Record sales and earnings were re-
orted by Fieldcrest Mills, Inc., for the
1968. Sales rose to $203,732,000 up
Per cent from $175,270,000 in 1967.
nings, which are still subject to
audit, increased 39 per cent from
™>938,000 in 1967 to $9,627,000 in 1968
j ler deducting approximately $845,000
the tax surcharge. Earnings per
e rose to $2.74 from $1.98 in 1967.
e^luding the tax surcharge, earnings in
Were $2.98 per share.
G. W. Moore, president of Fieldcrest
Inc., said that the earnings in
Were equal to 4.7 per cent of sales
Per cent without the tax surcharge)
Were in line with the Company’s
inctives and expectations.
commenting on the results, Mr.
. ^ore said: “The record results achieved
1968 were made possible through the
Work and cooperation of the Com-
ny’s approximately 12,000 employees,
behalf of our Board of Directors and
management group, I want to thank
of you for your loyalty and strong
^ *^ieldcrest Mills has discontinued
Ending letters to Eden employees who
|. ® sub,ject to wage garnishees for de-
^ final notices are sent by the tax agen-
of the governing bodies and there
j be no further warnings from the
S'Sencies or the employer prior to
iiig 'P^tRution of garnishment proceed-
p^fhe Rockingham County Tax Depart-
already has started garnisheeing
Wages of Fieldcrest employees who
jgg^Relinquent in the payment of their
P you have not yet paid those taxes,
P P should take care of the matter at
since an employee who allows a
p ®Plshment to be served on the Com-
'*lsch ** subject to suspension and/or
garnishment laws also apply to
^P^®s and state and federal income
PS, g,) arrangements should be made
tjj *PRe care of all tax payments before
W. O. STONE, JR.
W. F. CRUMLEY
K. R. BAGGETT
Mills’ Accident Experience Is Reviewed
W. O. stone, Jr., assistant manager
of the Fieldale Towel Mill, was elected
chairman of the Central Safety Com
mittee at its first meeting in 1969.
W. F. Crumley, superintendent of the
Blanket Mill, was named vice chairman,
and K. R. Baggett, safety director, was
At the meeting, held in the conference
room at General Offices, Eden, Mr.
Baggett presented a summary of the
mills’ safety performance during 1968.
Highlights of his report follow:
In general, the Company had poor
experience for 1968 in comparison with
the previous year. However, the acci
dent experience developed was still bet
ter than that for the industry.
The frequency rate for the year was
3.87 which compares very favorably
with the National Safety Council’s fig
ure of 4.84 for the entire textile in
A total of 88 disabling injuries occur
red during 1968, which was 23 above the
number for 1967. The severity rate was
also up to 767 days lost per million man
hours of operation.
Accident experience was better this
year at nine of the plants; approxi
mately the same at four; and worse at
10 plants. No disabling injuries occur
red at Sheet Finishing, Bedspread Fin
ishing or Mount Holly Spinning.
In the safety shoe program, progress
has continued, and clinics are planned
for early this year at Fieldale, N.C.F.,
Karastan and Alexander.
Be Sure To Report Your Changes In Status
With this being income tax time when
people are reviewing the past year to
prepare tax forms, it is also a good time
of the year to go over all records to be
sure they are up-to-date.
The following is a check-list of things
that everyone should keep current:
Insurance—Do you have the correct
beneficiary listed? Marriage, death,
children or divorce could mean this
should be changed.
Income tax exemptions—Do you have
the proper number listed on the form
with the Payroll Department? Remem
ber, this affects the amount of the de
duction from your paycheck. If, for any
reason, the number of your dependents
should decrease, you must notify the
Payroll Department, using this pro
Ask your area personnel representa
tive or foreman for a W-4 form. Com
plete this form and return it to the per
sonnel representative or your foreman
who will send it to the Payroll Depart
Name change—Did you give the Per
sonnel Office your new name if you
were married? Also, all employees
should be sure they have the right bene
ficiary or co-owner listed on such rec
ords as Retirement Plan, Group Insur
ance, Credit Union and Savings Bonds.
Address—Have you moved recently?
If so, did you notify everyone who needs
If you need to change an address, or
a name, etc., on any Fieldcrest records,
contact the personnel representative at
your particular location.