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THE M lLL WHISTLE
« ^GOORDINATED FASHIONS '
CAfi BFO AMO PV'^^
i:n.c i:p5R.i;si^
MILUS. INC ^»1 plants af Draper, Forest City, Greenville,’ Lealcsville,'Mputtt Holly, Salisbury, Smithfield;^
Sproy one) Worthville, N, C.; Fhsidale, Va„- Coliwbus, Go. and Auburn, N, Y.
IPL. XXV
Spray, N.
August 1, 1966
Savings Bonds Campaign Is Scheduled
^llaven H. Newton (right) presents Fieldcrest check for $2,600 to YMCA President
• (Bill) Armfield. In left background is John Smith, Sr., mayor of Leaksville.
Company Gives To Playground Project
'Vas
in
Wer,
Another major recreational facility
added in the Tri-City area when,
® special ceremony, the new lights
® turned on for the first time at the
^®aksville Ball Park.
Haven H. Newton, director of indus-
the following individuals, organizations
and business firm representatives:
Sam Smith, Sr., Haven Newtcn, H. E.
Williams, W. C- Payne, George Pulp,
J. F. Kemp, Jr., John Smith, Sr., Jonah
(Continued on Page Eight)
I'^lations, was invited to throw the
in turning on the new lights- Dur-
^ ^ the program, Mr. Newton presented
from Fieldcrest Mills, Inc. for
covering half the cost of labor
^2,600
3nd
luaterials used in the project.
> Dp been a most rewarding ex-
I, y^^^®nce for everyone,” he said, “for
■' who did the work and now for
■' iipb^ playing under the
f hart ' Hieldcrest Mills is happy to have
( u a part in this project.”
; W- (Bill) Armfield, president
t ^nnsolidated Central YMCA, presid-
i vj ■ He thanked the individuals and com-
li th that assisted in making possible
Cat facilities. He presented certifi-
tes Qf appreciation from the YMCA to
Fieldcrest Moves Up
In Industry Rankings
Fieldcrest Mills, Inc. is ranked 373rd
in Fortune Magazine’s new directory of
the 500 largest U. S. industrial corpora
tions. Fieldcrest advanced 13 places
from 386th in last year’s directory and
has moved up 113 places from 486th
when the company was first listed in
1963.
Some other textile firms listed in the
top 500 are Burlington Industries, 42nd,
up from 44th; Cannon Mills, 247th, down
from 225th; Cone Mills, 270th, down
from 260th; Springs Cotton Mills, 272nd,
down from 252nd; and Dan River Mills,
276th, up from 306th.
Every Employee Will Be Invited
To Sign Up For Savings Bonds
Under Payroll Savings Plan
Fieldcrest employees will be given
an opportunity to sign up for the pur
chase of United States Savings bonds
in a special campaign to be conducted
during August. A letter from President
Harold W. Whitcomb, informational
material and an application card will
be sent to* each weekly paid employee
throughout the company with the pay-
checks to be distributed this week.
Salaried employees are to receive the
material through the inter-office mail.
While Fieldcrest has cooperated Vi)ith
the Treasury Department in providing
the Payroll Savings Plan for many
years, the present campaign is to en
list larger numbers of employees' in this
program. The purchase of Savings Bonds
provides an opportunity for all Ameri
cans to have a part in protecting their
freedoms and at the same time build
greater financial security for themselves.
Employees who wish to join the Pay
roll Savings Plan are asked to complete
(Continued on Page Five)
U. S. Savings Bonds
Now Pay 4.15 Per Cent
The interest rate on U. S. Savings
Bonds has been increased to 4.15 per
cent. The maturity period of Series E
Bonds under the new terms, now is only
7 years. When President Johnson an
nounced the new interest rate on U. S.
Savings Bonds, he called them “the
most important investment that any
American can make.”
All Series E and H Savings Bonds
bearing an issue date of December 1,
1965, or later earn at the new rate. The
Presidental action also raised the earn
ings of outstanding Bonds. All older E
and H Bonds will earn 4/10 of 1 per
cent more for the remaining period to
next maturity starting with the first in
terest period of 5 months or more which
began on or after December 1, 1965.
On the accrual-type E Bonds, the in
crease was accomplished by reducing
the term of the Bond from 7 years, 9
months to 7 years. On the current-in
come H Bonds, it was accomplished by
raising the amounts of semiannual
checks, starting in June 1966.
(! 1