Retirement
Pictures
Picture at right, which was taken Fri
day, May 29, shows employees of the
North Carolina mills whose retirement
under the Marshall Field & Company
pension plan became effective June 1.
Front row, left to right: Mary Lovell,
Carrie U. Lankford, Bettie G. Adkins,
Mamie H. vVard, Annie T. Meeks Gillie,
Martha Hall Edwards, Charlie T. Holt.
Back row: Worthie P. Law, Lee P. Fran
cis, Sam Ellington, Luther C. Shumate,
Jesse D. Pyrtle, Leslie M. Barksdale.
James R. Davis was not present for
Photograph.
FIELDALE retirees—J. D. Moore
(center) presents pension check to Ter-
rell c. Watson, Sr., in ceremony at
Fieldale. Giles Staunton Bryant, who re
tired early from the Towel Mill effec
tive June 1, is shown at left.
Retirement party — Employees
of the Bleachery Sewing Department
gave an informal party Friday, May 29,
in honor of Mrs. Annie T. Meeks Gil
lie, and Luther C. Shumate, whose re
tirement under the Marshall Field pen
sion plan became effective June 1. Pic
ture above shows scene at lunch hour
in Bleachery Sewing Room as fellow
employees hoiiored the retirees. Mrs.
Gillie’s husband, C. L. Gillie, a retired
employee of the Blanket Mill, was pres
ent, as were Mrs. Shumate, a son. Gar
land Shumate, an employee of the
Bleachery, and a daughter, Mrs. Mary
Hankins, of the Bleachery.
Retirees Are Honored
For Continuous Service
(Continued from Page One)
years and 4 months; Terrell C. Watson,
Sr., Towel Mill, 32 years and 2 months.
Mrs. Mamie H. Ward, (early). Finishing,
27 years and 6 months; Mrs. Carrie U.
Lankford, Sheeting, 25 years and 8
months; Luther C. Shumate, Bleachery,
24 years and 4 months; Charlie T. Holt
(early) Finishing, 23 years and 9
months; Jesse D. Pyrtle, (early) Kara-
stan, 21 years; Mrs. Bettie G. Adkins,
Blanket, 20 years and 4 months; Giles
Staunton Bryant (early) Towel, 21 years
and 10 months; Mrs. Martha Hall Ed
wards, Karastan, 17 years and 10
months; Mrs. Annie T. Meeks Gillie,
Bleachery (early) 16 years and 7
months; and James R. Davis (early).
Sheeting, 8 years and 5 months.
Marshall Field & Company has paid
$22,610,000 into pension trust fund
which is administered by the First Na
tional Bank of Chicago. The value of
this pension fund, with interest and in
come accumulations, now stands at ap
proximately $26,500,000. This money
can never be reclaimed by the company
and must be used for the benefit of re
tired employees—those now retired and
those to retire in the future.
In commenting on the pension plan,
Harold W. Whitcomb, assistant general
manager of Fieldcrest Mills, said: “We
are proud of our pension plan and proud
that we are associated with a company
which has an interest in and feels a re
sponsibility for employees who have de
voted years of their lives to working
with us.
“When pension plans were practically
unheard of in the textile industry, Mar
shall Field & Company voluntarily took
steps to make it possible for employees
to take it a little easier in their later
years and to have an income from the
company to relieve them to some extent
from financial worries once they have
creased active work with us,” Mr.
Whitcomb said.
Monday, june 8, 1953
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