SHEETS • TOW
ILS •MDSPRfAOS. ILANKETS* B L ECTRIC IIANK ( T5 .KARASTAN RUG'S • SYNTHETIC PAIRKS
MILL WHISTLE
Published by Fieldcrest Mills, Inc. • Plants locateil in Spray, Draper and leakville, N. C. and Fieldale, Va.
^OL. NO. XIV
Spray,
N. C., Monday, November 7, 1955
Number 9
f/. S. Mills Face
Imports Crisis
Mounting Flood Of Japanese
Goods Threatens Market,
Council Speaker Says
. New legislation to regulate textile
*®Ports is vital if Japan is to be pre-
^'snted from capturing the American
'^arket. Dr. Buford Brandis, of the
pn^erican Cotton Manufacturers Insti-
Washington, D. C., told members
the Carolina Cooperative Council at
heir meeting in Consolidated Central
^CA, Thursday evening, October 20.
,'^he problem faced by U. S. textile
is a grave one. Dr. Brandis said
he suggested that the Council
^smbers write to their senators and
^®Presentatives in support of a quota
system or “cut-off” point to regulate
irnportations of foreign made goods.
Even before new tariff cuts became
®«ective September 10 U. S. exports
, textiles had declined while imports
increased, Dr. Brandis said. The
made at Geneva reduced the tariffs
“elow the 1937 level. The tariffs on
towels and on certain rugs were
more than 50 per cent, he said,
is a price impact that is import-
(Continued on page three)
$15,578 Donated
Fieldcrest Drive
j^^®ldcrest employees gave $15,578.02
the Tri-City Community Fund drive,
® announced by Edward J. Hoechst,
j^"^6ctor of industrial relations who
®aded the Fieldcrest campaign.
■This is over half of the community-
quota of $30,515.72 and repre-
^ nts excellent response on the part of
^idcrest people,
atiri to thank all of the captains
^ d solicitors who participated in the
'^cesgfyj ijj the Fieldcrest
I ®hts and offi-res. They did a good job
g 'learly every location. I also want to
Press appreciation to the employees,
j of whom gave very graciously
t ''ery generously to the Communi-
Eund campaign,” Mr. Hoechst said.
Gordon L. Clarke, chairman of
®r-all campaign, reported late last
that approximately 85 per cent
the goal had been reached in the
'^munities.
I
VIKGINIA CRAIG, bill of lading clerk at the Central Warehouse Office, holds
one of the new Group Insurance booklets being: distributed to employees.
EmDloyees To Receive Insurance Booklets
^ , , , , contribute to the plan, the employees’
Attractive booklets carrying high
lights of the Fieldcrest Group Insur
ance Plan are being distributed this
week to participants in the plan m
the Tri-Cities and Fieldale, Va., and
in our New York Sales offices.
The booklets describe in brief, easy-
to-read form, important features of
our Group Insurance Plan which pro
vides benefits in the event of death,
off-the-job accident, or sickness.
For more than 20 years, Fieldcrest
employees have been protected by this
plan of Group Life and Accident and
Sickness Insurance. Life insurance cur
rently in force on Fieldcrest people
under the plan is over $20 million.
The plan is underwritten by the
Equitable Life Assurance Society of
the United States, one of the world’s
largest insurance companies. Although
the plan is voluntary, virtually 100 per
cent of the employees participate.
Both the employee and the Company
contribute to the plan, the employees’
contribution being deducted from pay
checks. The amount of life insurance
and the weekly accident or sickness
benefits depend on the employee’s earn
ings level.
Life insurance goes up to a $10,000
maximum and the benefits as high as
$20.00 weekly. A vast majority of
Fieldcrest workers have $5,000 life in
surance with $20.00 weekly benefits.
Due to the fact that Fieldcrest shares
the cost with the employees and siz
able economies are made possible by
the size of the group, the insurance can
be provided at unusually low cost
to the employee through use of the Com
pany’s wholesale purchasing power.
No medical examination is required
for the insurance. This means that pro
tection is available to those who for
physical reasons cannot buy indivi-
(Continued on page four)