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C^Ju^by** G«.> i^WledeipHlo. Pa^; bnd'Auborrt, N; Y.’ ' ^ •ii
L^OL. XXV
Spray, N. C., June 26, 1967
29 Retire June 1 Under Pension Pian
Twenty-nine men and women retired
binder the Fieldcrest Pension Plan June
to make a total of 1,556 employees
)yho have retired with pension since
the program was started in 1944. Of
his number, 1,056 are now living and
drawing pensions.
Among the June 1 retirees, Fletcher
Hopper of the. Blanket Mill had the
°ogest record of service—51 years, all
of which time was worked as a doffer.
t^ext was Moir C. Padgett, Towel Mill,
*■116 48 years, followed by Belle B.
urner, Towel Mill, 46 year.s.
Many Long Records
; J- Lester Fagge, Bleachery, had 43
yfiars and Joseph H. Hampton, Finish-
hg, Neal R. Hudspeth, Sheeting, and
^nest A. Rogers, Finishing, each had
,years. Elsie L. Hankins, Blanket Mill,
ad 41 years of continuous service. Sev-
®al other retirees had records of 30
^®ars or above.
Ceremonies honoring the retiring em-
teyes were held in the various mill
^anagers’ offices. Mill officials con-
“t'atuiated them upon having reached
etirement age when they can enjoy
feater leisure with a monthly pension
J'f life paid from the Fieldcrest Mills
*^ension Trust.
The mill managers and m.embers of
the Industrial Relations Department ex
plained the various benefits, available
to the company’s retired employees and
pointed out that retirees are still mem
bers of the “Fieldcrest Family.”
The pensions paid under the Plan are
in addition to, and completely separate
from, any payments received through
Social Security. The company, of course,
also pays half of the cost of the em
ployees’ Social Security benefits.
It was explained that the Pension
Trust is administered by the Wachovia
Bank and Trust company of Winston-
Salem as the trustee and that the money
which the company pays to the fund is
taken from the company’s earrings and
can be used only for the payment of
(Continued on Page Five)
Merger Is Off
Officials of Fieldcrest Mills, Inc.
and Dan River Mills, Incorporated
announced June 22 that negotia
tions regarding a possible merger
of the two companies have been
terminated and plans for the mer
ger abandoned.
Led by the Bedspread Mill whose
employees gave 81 pints and the Kara-
stan Mill which furnished 68 donors,
Tri-City citizens rallied to the support
of the Blood Program and gave 227
pints when the Bloodmobile visited the
Leaksville Moose lodge Wednesday,
June 14.
Blood Program chairman Guy Buckle
reported that “We’re straight with the
regional blood center in Charlotte now. ’
He added, however, that “We’ve got to
average at least 225 pints each visit for
the next 12 months to maintain our an
ticipated usage.” He explained that this
is because the number of visits has
been reduced from nine to six.
Mr. Buckle said that some 330 per
sons had pledged to give blood, but
172 failed to show up. There were 63
first-time donors, 40 replacements and
57 rejections.
There were 12 persons who reached
their gallon mark at this visit. They are
Artis C. Carter, Jack Burgart, Betsy
Strong, Sanford Light, Richard S. Wray,
Edward Wilson, Charles Norwood, Nat
(Continued on Page Eight)
ATMI Survey Shows Industry’s Expenditures
Gets Ph.D. Degree
, highlights of a survey of textile in-
Ustry spending during 1966 have been
jounced by the American Textile Man-
j, ®^turers Institute, which reported that
,industry paid an estimated total tax
of $711,178,020.
, 9^ total $571 million was paid in
^deral taxes, $84,448,540 in state taxes,
$55,689,480 in local taxes.
ATMI polled 304 companies in 19
. .®tes in its survey and received 124 re-
a response of over 40 per cent.
Wies-
The survey also shows 26 companies
Pent $11,005,108, an average of $423,-
each, to build or modify treatment
«tem,s for water polluting effluents
p Hng 1966. Twenty-five other com-
j.^hies reported they plan such construc-
during the next three years.
Sixty_two companies, more than 50
cent of those responding, said they
not have plants which produce
^cr pollution effluents.
0 Expenditures for research and devel-
^Phient in 1967 will be, according to 47
Panics answering the survey, $19,-
045,650, an average of $405,227 each.
Gifts to charity reported by 91 com
panies totaled $2,269,449, for an average
gift of $24,939.
Spending for educational purposes
took three forms: gifts to educational in
stitutions, scholarship programs, and
loans for education. Sixty-five com
panies reported gifts to schools totaling
$2,492,360, an average gift of $38,344.
Thirty - four companies reported
spending for scholarship programs total
ing $337,994, an average program of
$9,941. Thirty-two of these 34 com
panies reported loans for education tot
aling $234,200, an average of $29,275.
Information compiled by the U. S. De
partment of Commerce shows textile in
dustry spending for new plants and
equipment during 1966 to have been
$1,180,000,000.
ATMI estimates wages and salaries
paid by the industry to its 951,000 em
ployees during 1966 to have totaled
$4,600,000,000, up from $4,239 000 000
in 1965.
Dr. Janies W. Rachels, Jr., son of em
ployees and himself a former employee
of the Muscogee Mill, receives his Ph.D.
degree from the University of North
Carolina at Chapel Hill. See page three.
m
I .*1