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Eden, N. C., May 26, 1969
ViCKi BRACKETT RtCHARD BRINKLEY JAMES BRYANT NAOMI CARTER
Sandra green donald lawson
Scholarship Winners Announce Pians
^^The eight recipients of the 1969 Field
Scholarships have announced their
^^ege plans. The new scholarship
j, make a total of 44 Fieldcrest
gj^'^'^'^ation Scholarships that have been
Since the beginning of the pro-
of the following students re-
four years of college attendance.
tk ^ a scholarship worth $3,200 over
"*■ j-caxci ux v..uiic^c
gj, 'cki Delmar Brackett is planning to
... ®*id Catawba College, Salisbury. She
*^ajor in elementary education and
Sk teach in the primary grades.
daughter of Betty A. ^eck
®*®P-daughter of William T. Beck,
“cck is a frame operator and Mrs.
a cost clerk at the North Carolina
Company division in Salis-
So^^'^hard Henry Brinkley, who is the
1 " Of Mr. and Mrs. Richard H. Brink-
Cg’ Sr. of Salisbury, will attend North
^ olina State University. He plans to
to ^1°*' in textile technology and hopes
a plant engineer and ulti-
oiy a general manager. His father is
an assistant foreman at the N. C. Fin
ishing Company division.
James William Bryant of Eden will
attend Appalachian State University,
and history is the subject he has chosen
for his major. He wants to teach history
at the high school level. James is the
son of Mr. and Mrs. Wiliam S. Bryant.
Mr. Bryant is an order filler at the
Karastan Service Center, and Mrs. Bry
ant (Octavia) is a sewer at the Sheet
Naomi Lou Carter is the daughter of
Mr. and Mrs. John E. Carter of Patrick
Springs, Va. She is planning to study
nursing at Radford College in Virginia.
Mr. Carter is a packer at the Fieldale
Towel Mill in Fieldale, Va.
Sandra Dianne Green wants to teach
either kindergarten or primary grades.
She will major in primary education at
East Carolina University. She is the
daughter of Elsie C. Eason, a calibrator
at the Automatic Blanket Plant in
Smithfield. Her father is deceased.
Donald Ray Lawson, whose father is
(Continued on Page Eight)
Banker Cites Threat
From Textile Imports
Some Form Of Remedial Action
Needed From Executive Branch
Or Congress, Davis Says
A leading North Carolina banker said
the American textile industry will be
destroyed with “disastrous consequen
ces” if it continued to be a dumping
ground for textile imports.
Archie K. Davis, chairman of the
board of Wachovia Bank and Trust,
said the American textile industry
“cannot wait any longer for some form
of remedial action either by the execu
tive branch or by the congress.”
Mr. Davis said the uncontrolled im
port situation was costing thousands of
jobs in the southeastern United States.
“In 1967 we had a textile trade deficit
of $766 million or $766 million more in
textiles than we exported.
In 1968 the deficit increased to an
estimated $1.1 billion,” Mr. Davis said.
To give you an idea of the dramatic
escalation in the import situation, in the
year 1968 we imported 28 percent more
textile products than we did in 1967.”
Mr. Davis said foreign textiles have
easy access to the American market but
other nations restrict American textile
“Fundamentally, the world has sim
ply recognized that America was an
easily accessible market,” Mr. Davis
Credit Union Will Pay
Another 5% Dividend
Members of the Fieldcrest Mills Credit
Union in all locations will receive a 5
percent per annum dividend, figured
on their average monthly balances and
credited to each member’s share account
as of June 30.
The dividend was authorized by the
Credit Union’s board of directors at
their recent monthly meeting.
The dividend was raised to 5 percent
as of January 1, 1968. The Credit Union
has never paid less than 4 percent per
annum on savings. The first increase
was from 4 percent to iVt percent ef
fective January 1, 1965. The rate was
increased to 4% percent June 30, 1966.
Credit Union members received a
total of $49,464 in dividends for the six
months ending December 31, 1968.