THE
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-'■ '•■ . - • Flams of Draper, horoM Oly, Grcenvill-, L-oksv.ll,-, Mount Holly, S'clrsbury, S.ti,thf,rld,
and Worthville, N. C., Freldole, Vn , Columbus, Go. and Auburn, N. Y.
Spray, N. C., September 12, 1966
NO. 5
$964,400 Added To Pension Trust Fund
, ®®*P*ents of scholarships given by the Fieldcrest Foundation in 1966 are shown
left ®^^bert A. Harris, vice-president-manufacturing, Fieldcrest Mills, Inc. From
to right are James Finney, Mr. Harris, Jan Atkinson and Sherry Wood.
l-unclieon Honors Fieldcrest Scholars
sjj. I'ecipients of Fieldcrest Scholar-
giv^^ guests of honor at a luncheon
Gr^ by the company at Meadow
de Co,untry Club prior to the stu-
Igg, departure for their various col-
or universities.
.^tending the luncheon with the
Ijg dcrest Scholars were Robert A.
Iji vice president - manufacturing;
fijj“rnond R. Roberts, vice president-
ancg. William B. Lucas, assistant sec-
Honce, division vice
sident for research and engineering.
Qj tso, Dr. William McGehee, director
If ^rsonnel research and training; R.
ip. t'uttle, director of technical serv-
®hiD Hough, Leaksville Town-
^'^hools superintendent, who is a
tp^^^ber of the Scholarship Commit-
’ Coleman Grubb, Sr., personnel
Cj^^er at the North Carolina Finishing
eriu^^hy division; and Otis Marlowe,
dor of The MiU Whistle,
dr. Harris presided and expressed re-
grefg
of President Harold W. Whitcomb
]\jo ^ocutive Vice President G. William
'''^b.o had to be out of town and
tb present. Mr. Harris review-
‘be various activities of the Fieldcrest
Foundation. He said the company is
proud of the accomplishments of the
Fieldcrest Scholars who, almost without
exception, have made outstanding rec
ords.
Mr. Hough, in a brief talk, thanked
Fieldcrest for what the company has
done for the community. He compared
the Tri-Cities today with the commu
nities a few years ago and said that re
markable progress has been made.
“Fieldcrest is a great enterprise with
great public spirit and its top officials
have taken the lead in every significant
project for the community since I’ve
been here,” Mr. Hough said.
Each Fieldcrest Scholar told his or her
plans and ambitions and expressed ap
preciation to the company for helping
them to obtain a college education. Most
of them said it would have been diffi
cult, if not impossible, to have gone to
college without a Fieldcrest Scholarship.
Scholarship recipients in 1966 were:
Janine Gayle (Jan) Atkinson, daugh
ter of Major and Mrs. W. G. Atkinson,
Jr., of Leaksville; James Roger Finney,
(Continued on Page Five)
Latest Contribution Increases
Worth Of Pension Trust Fund
To Approximately $15 Million
The company last week made an addi
tional contribution of $964,400 to the
Fieldcrest Mills Pension Trust, bringing
the market value of the trust fund to
approximately $15 million.
The payment by Fieldcrest Mills, Inc.,
covering the year 1965, was made to the
Wachovia Bank and Trust Company,
Winston-Salem, trustee of the Pension
Fund. Money which the company pays
to the fund is taken from the company’s
earnings and can be used only for pay
ment of employees’ pensions.
The huge amounts expended by the
company for the Pension Plan make it
a costly employee benefit which must
be taken into account in any compari
sons of Fieldcrest wages and fringe
benefits with those of other companies.
Since the plan was put into effect
in 1943, a total of 1,457 Fieldcrest men
and women have retired under its pro
visions and 1,006 of these are now living
(Continued on Page Five)
Promotions Made
In Marketing Division
John P. Robertson, divisional vice
president of the Fieldcrest marketing
division has been appointed assistant
sales manager, reporting to David M.
Tracy, division vice president and assist
ant general sales manager, it has been
announced by Frank W. Green, presi
dent of the Fieldcrest marketing di
vision.
At the same time Mr. Green an
nounced the appointment of Thomas F.
Young as director of design and packag
ing. He will report to Hugh A. Brown,
vice president-merchandising.
Lewis H. Lee has been appointed as
sistant to the vice president, merchan
dising, and additionally, manager of cus
tomer service with direct responsibility
for the supervision of the Fieldcrest di
vision regional service centers in Los
Angeles, Dallas, Cleveland, and Piscata-
way. New Jersey.
Francis X. Larkin has been appoint-
(Continued on Page Five)