THE
IL
WH
^ELDCResT Mn-i-s. INC,*^ Hants ot 0raper7Gt^nville, leoksville, Mount Holly, SinithJield and Spray, ti C.^fieldaleT Va“"ColutnSTGiT^d^bum, N. Y.
—.— , „■■ .> „ ^
iSkxxnf
Spray, N. C., November 16, 1964
NO. 10
Muscogee Sets New
Record In Fund Drive
a record-shattering response in
^nit campaign on behalf of the
pq Givers P\ind, employees of Mus-
5 t ® Mills, Columbus, Ga., contributed
^Dl $27,592 with 99 per cent of the
participating in the cam-
Th
(.g ® amount contributed was 64.8 per
eg ; above last year’s gifts and 79.5 per
trih mill’s 1507 employees con-
uted on the “fair share” basis,
tijg review of the results shows that
average contribution among those
save was $17.80. On a per capita
^or the mill as a whole, the aver-
j Sift was $17.63.
by,, addition to the employees’ contri-
the company made a substantial
.j^tion to the fund.
Ga to Columbus, Muscogee County,
henix City, Russell County, Ala.
Aw Givers Fund will present Bronze
to 19 departments at the Mus-
of Mill in w*hich over 75 per cent
employees pledged a “fair share.”
these departments, 100 per
^ha employees gave the “fair
Ojip®.’ amount or more. These were
Carding, Bleachery,
*ion i*^^, Shipping and Transporta-
Oig ’ CottQ.n Warehouse, Cost Depart-
j, '■I Data Processing and Purchasing.
IJq '^'^rteen departments are to receive
ivit, Awards given to employee groups
Uiip. ^0 per cent or more pledging a
•ftium of $12 per employee.
field .
^®ntrib
ale Employees
ibute $17,851
in Mill employees gave $17,851
® recent Fieldale Community Fund
the largest amount ever contri-
Of *
6ej- 1,275 employees, 1,224 or 96
A participated in the campaign,
of 1,185 employees, or 92.9 per
Pledged at least one day’s pay.
irty.
nine employees made contribu-
5j of less than a day’s pay and only
'^Ployees failed to contribute.
^ ^ftificates of Merit are to be award-
Iqq ^ several departments in which
^Per cent of the employees pledged
pay or more.
I
Grand Prize Awarded In Slogan Contest
Catherine Amburn, of the Sheeting
Mill, won the grand prize of $25.00 in
the company-wide safety slogan contest.
Mrs. Ambum is shown above as the
presentation was made by Robert A.
Harris, vice president of manufacturing.
Looking on are Dillard Powell (left),
assistant superintendent of the Sheeting
Mill, and R. E. New, foreman of the
Sheeting Mill Carding and Spirming.
The prize-winning slogan suggested
by Mrs. Ambum was “Be alert. Be
Aware. Practice Safety Everywhere”.
The top three winning slogans in each
mill were pooled for posting on mill
bulletin boards. Follow-up prizes are
being awarded in each mill.
The superintendent or someone desig
nated by him contacts employees at
random throughout the mill and asks
them to quote the safety slogan current
ly posted on the bulletin board. If the
employee can quote the slogan correctly,
he receives a prize of 50c.
Fieldcrest Buys Factoring Firm
I j
'lay’s
Fieldcrest Mills, Inc. has completed
arrangements to acquire for cash the
business and assets of the factoring firm
of John P. Maguire & Co., Inc., of New
York, a wholly owned subsidiary of J.
P. Stevens & Co., Inc.
Harold W. Whitcomb, president of
Fieldcrest Mills, Inc., announced that
the purchase wrill be effective as of Oc
tober 31, 1964, and that the price will
be determined by final audit of the
Maguire assets as of that date.
Final closing of the transaction is ex
pected to take place in mid-December,
at which time the business v/ill be taken
over by a new wholly owned subsidiary
of Fieldcrest continuing the name of
John P. Maguire & Co., Inc.
In the meantime, the present Maguire
company will continue to serve its
clients in behalf of the new Fieldcrest
subsidiary with no change in policies,
management or personnel.
The Maguire firm, which was formed
in February 1936 under the presidency
of John P. Maguire, was purchased by
J. P. Stevens & Co., Inc. in August 1954.
Since Fieldcrest Mills, Inc. purchased
the mills in 1953, the company has fac
tored its accounts receivable with John
P. Maguire & Co., Inc. Prior to that
time, the Maguire company had been
factor for the piece goods mills for
many years under the Marshall Field
& Company ownership.
For many years John P. Maguire &
Co., Inc. was recognized as a traditional
old line factor. In the past five years, it
has broadened its financing services to
offer accounts receivable financing,
non-notification factoring, floor financ
ing, and the financing of the sale, pur
chase or leasing of production equip
ment.