Savings Bonds—What Better Investment? Our son is now two years old. Are Savings Bonds a good in vestment as an educational fund him? Yes. Begin investing $37.50 month in a $50 Series E Savings Bond for your son, and he will have a fund worth $9,713 'vhen he is 18 and ready for col lege. Or, invest $56.25 (price of ^he new $75 Bond) each month his fund at age 18 will be $14,570. By buying the Bonds in the name of your son and listing either parent as bene ficiary, and filing a federal in come tax return for him declar ing his interest earnings to be on an accrual basis, he likely would be able to apply full value of his bonds—uncut by taxes— to his education. I have some Series E Bonds bought during the 1940s and 1950s. Would it be an advantage to cash them and put the money into the current-issue E Bonds which pay 3 3/4 per cent inter est? No. There are no Series E Bonds now outstanding earning less than 3 3/4 per cent from now until next maturity. This is based on its present value. If you cash in your older Bonds, you would be obliged to report the gain in value for income tax purposes during the current year, thus reducing the amount available for reinvestment in newer Bonds. Is it necessary to keep a separate list of the serial num bers of my Savings Bonds to have them replaced in case they are stolen or destroyed? Not necessary, but advisable, since being able to supply num bers of any such Bonds would help identify you as owner of the Bonds. But this is not es sential to having any lost, stolen or destroyed Bonds replaced. Variety club says: Some Litterbugging In Most Of Us This summer the litterbug is stomping on the old camp S^ound, recreation areas and siong highways. He can be al- *^ost anyone, reminds members Variety Garden Club of Fire stone. “There are almost as many lit- terbugs as there are Americans, since nearly everyone has at least a touch of the litterbug in him,” the club says. It lists in dividual thoughtlessness as pri mary cause of this bad habit, M^arp ^nd Filling OF THE PASSING SCENE firestone I would appreciate all of the material and history textiles of the Firestone Textile Mill that you own. Send Gastonia everything that would be good to go in a booklet North Carolina. The book is for school. Thank you. PS: Send two things of everything you send me so my Ulster can have some too. Language Spice Textiles In Our Talk: When say we “cotton-to” a person idea, we mean we agree with take a fancy to someone, ^ notion or point of view. The Idea Primers Looking for ideas to submit cash awards through the Company Suggestion System? ■^sk yourself these questions for Sood thought-starters: What are wasting and how can we deduce this waste? What jobs, Procedures and methods take too and what can be done about this? What are we doing that is complicated and how can we ^ske it simpler? How can we insure quality at given step in the production l^^ocess? An unsafe practice or Condition—how can we elimi nate it? ^ Noted a splicer operator: "Two life's noblest aims are shaking old prejudices and discover- ^9 new truths." —FC Shelby, N. C. expression has its origin in the way that cotton lint will catch on or take to fabric and show up—as lint on a dark coat. When you hear someone say that a person is “dark or light complected”, it is an example of bad grammar (correct usage is “dark-complexioned”). But there is a right usage of the term “complected”. In its origi nal and true meaning it refers to tightness or looseness of weave in rug-making. So the example: “This is a tightly - complected rug.” And God Sees The Upper Side Some unknown poet has left these words to ponder, all the more meaningful because they make reference to the loom-pat- tern of life: My life is but a weaving/Be- tween my Lord and me/ I can not choose the colors/ He work- eth steadily. Oft times He weaveth sorrow/ And I in foolish pride/ Forget He sees the upper/ And I, the under side. Look What A Book Will Do Think of the multiplied use fulness of a book—one that you donate to the library of Gaston College. Contributions are being received at the College's tempo rary office in the education building of First Methodist Church, Gastonia. The telephone: 864-2581. and makes these further points: The litterbug habit makes it necessary for American taxpay ers to clean up after themselves to the tune of over $50 million a year for litter removal from pri mary highways alone. In one year, litter was the primary cause of over 57,000 building fires, 30 per cent of all forest fires and responsible for more than 75,000 persons being seriously injured annually as a result of cars striking or swerv ing to avoid objects tossed on roads and highways. Refuse on beaches, in lakes, streams, parks and recreation areas can become breeding grounds for insects and rodents. Besides polluting water, litter in a lake or river can puncture the hull of a boat or damage a rud der or propeller. How are your outdoor man ners? HAMILTONS LIVING IN BELMONT Mr. and Mrs. Nelson Eugene Hamilton are living in Belmont, after their marriage this sum mer in York, S. C. She is the former Marilyn Ann Briggs, daughter of Mr. and Mrs. Martie Briggs of Gastonia, her father’s being employed here in twisting (synthetics). Marilyn Ann’s husband is the son of Mr. and Mrs. Vernor Hamilton of Belmont. I Operation Trim-Up • Last month Mrs. Williams di rected a grooming operation from her seat in a wheelbarrow, with Billy Joe Fraley working the shears. The many showy trees, shrubs and plants on the Gastonia factory grounds receive year-round care to keep them healthy and looking their best. Regular maintenance work is done by Frank Sparrow and h's helper who mow lawns and other company grounds, fertilize, trim and spray the growing things. Also some out side help is engaged to provide horticulture care. Mrs. Dameron Williams, well-known Gastonia authority on plant life, gardening and landscaping, planted some of the shrubs here as far back as 1935—the year Firestone pur chased the plant. Since then she has returned periodically to lend her touch of care to the ornamental plants and trees. Family Services In United Fund Approval of Family Services Inc. brought the number of par ticipating agencies to 26 in the Greater Gastonia United Fund this year. Production manager F. B. Gal- ligan, this year’s UF financial campaign chairman, said Family Bonds Purchase Last year the Firestone com pany added 6,090 new partici pants in payroll purchase of U. S. Savings Bonds, and finished the year with 53 per cent Bonds Services will share $6,500 of the Greater Gastonia UF money, with additional help coming from United Funds in Belmont, Bessemer City, McAdenville and Cramerton. The case - worker counseling agency exists to resolve family problems and encourage healthy family relationships. The local Family Services agency will be staffed, at first, by a social worker. purchase among all employees in the United States. At the Gastonia plant, 100 per cent payroll participation in Bonds-buying was reached in early summer of last year. That top figure was still being main tained at the end of July, 1964. August, 1964 Page 3 PROFIT . . . It’s Like Meal In The Cornbread A twister-tender had a notion that profit in business is something that the employer puts in his billfold or deposits in a bank as “all his own”. He was partly right, but not altogether. A weaver acquaintance on the next floor had more light on the subject. He kept re membering that profits are not only what is left over after doing business—they are also a means by which business is kept in busi ness. “Profit is really the source of all business— it’s sort of like meal in the cornbread,” he said. “Did you ever stop to think how many ways working people all share in profits?” he went on. Look at some examples: 9 Profit is a force bringing growth to busi ness and making possible ever-improving hu man welfare. Without it, we would still be in the caveman age. • Profits finance research and development from which come new products and techno logical advancement. Without this kind of progress through change to better things, one business would soon be overcome by the com- petlt on of others. • Profits combine with savings of indivi duals to finance the building of new plants and equip them with machines and tools. In turn, these offer additional emploment. • Profits are used to pay you for the use of your money. Whether you have provided money directly through purchase of securities or indirectly through ownership of a bank account, shares in a savings-loan association, credit union, pension fund, purchase of in surance or savings bonds, your money is at work. Through interest and dividends, you are paid for your money at work. Suppose an employer were to appropriate all his profits to his own use—and keep it up over a period of time. He would thus neglect paying many of the costs of doing business. Before long, he wouldn’t be receiving a fair return for the work and investment he and the stockholders had made. The next step would lead to operation in “the red”. Unless he could borrow money to keep operating while he learned a hard lesson, the business would close—and your job with it.