VOL. XIV Spray, N. C., Monday June 11, 1956 NO. 24 578 Have Retired Under Pension Plan Nineteen Fieldcrest employees retir ed June 1 to make a total of 578 per sons who have retired with a monthly pension for life, paid for by the Company, since the pension plan was established in December, 1943. Of the newest retirees, 15 were from the North Carolina mills, three were from the Towel Mill at Fieldale, Va., and one from the Karastan sales office in Chicago. The retiring employees were honored in ceremonies in the Nantucket con ference room on Friday morning, June 1. During the program, their first pen sion checks were presented. E. J. Hoechst, director of industrial relations, presided. He told the re tirees that “As senior Fieldcresters, you are joining a very select group.” He pointed out that the Governor of North Carolina, the Mayor of Draper, and two Spray commissioners are re tired Fieldcrest employees. Other re tirees are engaging in a variety of ac tivities in which they are especially interested, including some who are ministers or businessmen. He predict ed that the present retirees likewise will find retirement a happy and satis fying experience. In a brief address, Harold W. Whit comb, president of Fieldcrest, praised (Continued on page two) Guinan Will Be Speaker At Meeting In Chicago Walter B. Guinan, vice-president in charge of Karastan sales, will speak at a meeting of the Frederick ,A.tkins buying office at the Bismarck Hotel in Chicago on Wednesday, June 20. “Trends in Carpets” will be Mr. Guinan’s subject at the meeting, which takes place during Chicago’s semi-an- nual home furnishings market. Exemption Changes If you have had a changre in the number of exemptions you list for federal in come tax deductions, you will want to notify the Payroll Department before July 1 so that the changes can be put into effect. See page four for detailed information concerning: such changes in status. Record Vote Given To Luther H. Hodges GOV. LUTHER H. HODGES . . . As he voted at Spray Precinct . . . Law Named To New Position At Mills Appointment of Marvin A. Law as a member of our manufacturing organi zation has been announced by Vice- president E. W. Medbery. Mr. Law will be responsible for coordinating and expediting mill and staff functions involved in the development and styl ing of our domestics products. Responsibility for styling and product development of each line remains un changed; namely, with the department sales manager and the mill manager concerned, Mr. Medbery said. new p r o d u c t de- M. A. Law A native of Meck lenburg County, Mr. Law is a grad uate of the Textile School of North Carolina State College and has been associated with leading textile com panies, including Burlington Indus- (Continued on page four) Former Fieldcrest Executive To Continue As Governor Of North Carolina Luther H. Hodges, former Fieldcrest executive, has been nominated for re- election as Governor of North Carolina. He overwhelmingly defeated three opponents in the Democratic primary May 26. Since Democratic nomination is equivalent to election in North Caro lina, Governor Hodges will continue in office for a full four-year term fol lowing the November election. He was elected Lieutenant Governor in November 1952 and as Lieutenant Governor presided over the State Sen ate in 1953. He became Governor No vember 9, 1954 following the death of Gov. William B. Umstead. Governor Hodges was associated with Fieldcrest for 31 years and was vice- president of Marshall Field & Com pany and general manager of Fieldcrest Mills when he took early retirement in 1950 to become Chief of the Industry Division of the ECA in Western Ger many. His continuous service with the Company dated from 1919 when, just (Continued on page four) Rug Sales Meeting Set For This Week The semi-annual rug sales meeting will be held at the Karastan Mill Thurs.. day and Friday, June 14 and 15. Eight een of our road salesmen for rugs from all parts of the U. S. will attend the meeting together with mill and sales officials and members of general management. During the two days of planning and discussion, the group will view our new merchandise for fall, observe manu facturing processes and establish our Karastan sales program for the fall and winter season. The meeting precedes the Chicago Furniture Market which opens in the Merchandise Mart Monday, June 18. Our new rugs will be introduced to the trade at this international home furnishings market which attracts up wards of 40,000 exhibitors and buyers. Management officials and representa tives of the Karastan sales force will attend the market opening.

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