Newspapers / The Fieldcrest Mill Whistle … / Dec. 16, 1974, edition 1 / Page 7
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pianket 25-Yr. Club Meets (Continued From Page One) •izes, consisting of blankets id bedspreads, was conducted f R. W. Rutland, manager of chnical services in the Blanket anufacturing Division, inners were Edith Aaron, ' harlie Rakestraw, Victoria owlett, Onedia Thompson, ohnnie Barber, Essie Akers id Clyde Minter. H. G. Rosenthal, plant anager of the Blanket inishing Mill, was the master / ceremonies and welcomed lose attending. Entertainment U the gospel-singing ‘ueldcresters Quartet was Veatly enjoyed. The invocation •eceding the luncheon was ven by Raymond D. Overby, •., of the Blanket Greige Mill. Six Years Old Kerry Lee Smith, six years i, is the son of Marie Smith, a ffer at the Mt. Holly Spinning ill. to«e Named To Nat’l Honor Society V .S'",« =»“ Q. I work as an auto me chanic but I plan to start a part-time business building hot rods from Model A’s. Although I expect to make a profit from this business eventually, there will be losses in the beginning due to the large investments I’ll make in equipment and advertising. Can I deduct these losses even though my business won’t show much income? A. Yes, you can. An activ ity is considered a business if it is entered into and carried on in good faith for the pur pose of making a profit. Two characteristic elements of a business are regularity of ac tivities and transactions and the production of income. In a given year, if no income or a small amount of income is To Be Listed In 'Who’s Who’ Carolyn Smith has been tapped for membership in the 1974-75 Who’s Who Among Students in American Universities and Colleges Honors Program. A junior at Winston-Salem State University, Carolyn is the daughter of Mr. and Mrs. Roland Smith. Her father is employed at the General Offices. Two Years Old \ngela Gilland, daughter of bby and Elaine Gilland, has n accepted into the National inor Society. Her father is iployed in the Finishing partment at NCF. n order to be accepted into the nor Society, students must ve at least a 93.0 grade point erage. They must show aracter, leadership and izenship. Miss Gilland is a uor at East Rowan High twol and maintains a 95.1 ^^rage. She is a member of the PP?ma Phi Gamma Honor ziety for science students and swispes to become a pharmacist. ,)NDAY, DECEMBER 16, 1974 coupled with expenditures that produce a loss, there may be a question whether a business was carried on in that year. However, absence of income in itself does not prevent you from deducting the ordinary and necessary expenses con nected with your business. Q. I rent a large safe deposit box for keeping some small pieces of art and important papers. Is the rent on the box tax deductible? A. Safe deposit box rent is deductible if the box is used for the storage of taxable, in come-producing stocks, bonds, and investment-related papers and documents. The rent is not deductible if the box is used for personal effects or tax-exempt securities. 100% Give Fair Share The floor finishers in the N.C. Specials Department received a Certificate of Merit from the Eden United Fund in recognition of 100 percent of the employees having contributed a Fair Share in the fund campaign. The floor finishers were inad vertently omitted from the list carried in the last issue of The Mill Whistle. The omission is regretted. Phi Beta Kappa Ja mes Russell Ferguson ^ of Eden, has been tapped for membership in Phi Beta Kappa, the nation’s highest scholastic honorary society. A senior at the University of North Carolina, he is the son of Mr. and Mrs. Russell J. Ferguson. His mother, Mary G. Ferguson, is employed in the Winding and Beaming Depart ment Office at the Karastan Rug Mill. Julie Jarrell , two years old, is the daughter of Mr. and Mrs. Michael Jarrell. Her father is employed at the Karastan Rug Mill. Grandparents are Mr. and Mrs. Jack Jarrell and Mr. and Mrs. Ronnie Woodall. Captain Webb, left, instructs employees. Scottsboro Fire Brigade Receives Fire Training The 12 members of the Plant Fire Brigade at the Scottsboro Rug mill participated in several demonstrations during Fire Prevention Week. Plant manager, Homer L. Morris and superintendent Carl Cameron met with them along with Captain Webb of the Scottsboro Fire Department. Captain Webb gave a talk on the uses of fire extinguishers and the different classes of fires. They also visited the local fire department and were shown a film on different types of fires and proper techniques to use. This film and talk was given by the Scottsboro fire inspector, Mr. Westmoreland. Tom Goins, fire chief, demonstrates extinguisher. He is one of 123 students at UNC to be tapped for member ship in Phi Beta Kappa. He is majoring in political science and industrial relations and plans a career in labor. At UNC he has been active in intramurals and metaphysics. Service Anniversaries Thirty Years James H. Roberts Karastan Twenty-Five Years John D. Washburn Blanket Finishing Gladys G. Chumley Blanket Finishing Edgar Glass Columbus James R. Newman Blanket Greige Twenty Years Wilma B. Laney Columbus Fifteen Years James E. Dougherty Karastan Delmos G. Scott Fieldale Jimmie E. Dalton Fieldale Shirley M. Amos ; Fieldale Roland B. Harrington Karastan Spinning Lillie Tucker Karastan Spinning Beatrice S. Hopkins Fieldale Ten Years Jane D. Fulton Foremost Percy I. Gatewood Bedspread Donna W. Land Bedspread Foye E. Rodgers Karastan Robert F. Bell N. C. Finishing Thomas G. Anderson Bedspread
The Fieldcrest Mill Whistle (Spray, N.C.)
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Dec. 16, 1974, edition 1
7
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