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.