HE MILLW
Pi#bUshe} by f»>Wer«st Mtlb, Ssic. • PIt-nts ^>catedl jo Spfoy. osw! leok$vi)l«
F««,» dotej Vo
Spray, N. C., Monday, December 5, 1960
NO. 11
l^ildren’s Parties Set For December 10
y ^
,, j, I^uggfins, second from left, of Karastan Rug^ Mill, ffets congratulations
S\ from J, M. Norman, mill manager. At left is F. W. Klein, assistant
c
irom J, iVl, INOrillUii, mill -w -
^**3^ger; and at right, J. G. Cunninffham, superintendent.
^^Qtnonies Honor New Retirees
t( employees from seven
J, iiiiUs retired under the Field-
ri*" Plan effective December
a total of 660 retired em-
^*ion ^’^ssently receiving monthly
'Checks.
in honoring the retirees were
^ 'various mill managers’ of-
November 30. Mill of-
®*’atulated the employees up-
^ Cafj *"®ached retirement age when
% ®n • «ov-
greater leisure with a
to have a pension plan for its employ
ees. The plan, started in 1944, remains
one of the most generous in the indus
try. Pensions are paid for entirely by
the Company, requiring no contributions
from the employees.
The Pension Fund is held in trust by
the Wachovia Bank and Trust Company,
of Winston-Salem. Money which the
Company pays into the trust fund can
never be recovered by Fieldcrest Mills
(Continued on page eight)
• J ^
luSs, director of industrial re
*" the of his staff ex
v’N
benefits available to
^ra retired employees.
^ SfilH o v*-k c + 1
s
retirees are still con-
“■ ^®*y>bers of the “Fieldcrest
Viju® *f*vited the retired employ-
th i, ^he mills frequently to keep
v>
o mills 11
oi^ ^^.^^rnpany’s progress and to
V 6^‘^ships.
''tie Qf that Fieldcrest Mills
the first textile companies
Credit Union To Pay
Another 4% Dividend
A 4% per annum dividend for mem
bers of the Fieldcrest Mills Credit
Union was voted by the Credit Union’s
Board of Directors at their regular
monthly meeting November 18. The div
idends will be figured on the average
monthly balances and credited to each
member’s share account as of December
31, I960.
Tickets Available From
Foremen For Children
Of All Employees
Christmas parties for the child
ren of Fieldcrest employees will
be held at Spray and Fieldale
Saturday, December 10, under
sponsorship of the Carolina Coop
erative Council.
The party for children of Towel Mill
employees will be held in the Fieldale
High School auditorium at 10:00 a. m.
The party for children of Fieldcrest
employees in the Tri-Cities is scheduled
for 1:30 p. m. in the Morehead High
School gymnasium.
Entertainment at each party will be
by Arthur Smith and The Cracker-
jacks from Station WBTV, Channel 3,
in Charlotte. These well-known enter
tainers have planned a program that
will be enjoyable for children and
grown-ups alike.
Santa Claus will be on hand at each
party, and will present a treat to each
and every child.
D. E. Simons, Council president,
said, “We cordially invite the children
of all employees, and hope that we will
(Continued on page five)
Fieldcrest Sales Meet
To Be Held At Mi
The annual sales meeting of our E’ield-
crest sales division will be held in the
immediate mill area Friday and Satur
day, December 9 and 10.
Coming here for the meeting will be
approximately 75 persons, including of
ficials of the Fieldcrest sales division in
New York, and Fieldcrest sales repre
sentatives from all over the nation. Also
attending will be men from our adver
tising agency and merchandising spe
cialists.
The sales personnel will arrive early
Friday and will spend the morning tour
ing the domestics mills. Three busses
have been chartered to provide the visi
tors with efficient transportation be
tween the plants.
At noon the group will attend a lunch-
(Continued on page five)