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PJan»s of Ash«>rti}». Oroper, Forest Oty^ Oyeftnvilla, La«r«l HIU, leok»v»H«, Mouf»* HoH)', Salisbury, Smith^Ald,
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XXVI
Spray, N. C., July 17, 1967
NO. 1
Bradley C. Murray (center), new 50-year man, is shown with Fieldcrest officials,
fotn left, F. E. Barron, Bedspread Mill manager; R. A. Harris, vice president-manu-
^®turing; H. W. Whitcomb, board chairman; and G. W. Moore, president.
Murray Honored For 50 Years’ Service
Bradley C. Murray completed 50
years of continuous service July 1, hav-
Worked the entire time in the
Weaving Department at the Bedspread
Bll, Leaksville.
^Ir. Murray was honored in special
^rernonies in the office of Harold W.
Whitcomb, chairman of the board,
ieldcrest Mills, Inc., and was presented
With the Fieldcrest diamond-and-goid
50-
br.
year pin, a gift and other remem-
atices.
Attending the informal meeting were
chairman Whitcomb, G. William Moore,
P^'esident of Fieldcrest Mills, Inc., Rob-
®*'t A. Harris, vice president-manufac-
tUring; Frank E. Barron, manager of
he Bedspread Mill; and Jones Norman,
^fiaksville area personnel manager.
The management officals congratu
lated Mr. Murray on his outstanding
record and expressed the Company’s
appreciation for his long and faithful
service. It was announced that a lunch
eon honoring Mr. Murray and the other
50-year employees will be held a lit
tle later in the year.
Mr. Murray, a native of Granville
County, was employed at the Bedspread
Mill July 1, 1917, the same year that
construction of the Bedspread Mill was
completed. He has continued to work at
that mill for a half-century, as a weaver
until 1934 and as a loom fixer from 1934
until the present.
Mr. Murray’s father and several of
his brothers have worked or are now
(Continued on Page Two)
Fieldcrest Ranks 383rd In U. S. Corporations
Fieldcrest Mills, Inc. ranks 383 in
|he nation among Fortune Magazine’s
hsting of the 500 largest U. S. industri-
corporations.
With the latest ranking, Fieldcrest
moved up 103 places since the
^oihpany first made the list in 1963.
Fhe ranking compares with 373 a year
and is based on the Company’s 1966
'ales of $171,413,000.
In other categories, Fieldcrest ranks
with its 13.35 percent earnings per
share growth rate 1956-1966; 233 on in
come ol 13.2 percent on invested capi
tal; 303 on income of 4.8 percent on
sales; 411 on invested capital of $63,-
069,000; 389 on net income of $8,300,-
000; and 400 on assets of $116,053,000.
Fieldcrest is the 292nd largest com
pany based on its 10,855 employees.
Among the textile firms listed in the
top 500 were Burlington Industries, 44,
down from 42 a year ago; J. P. Stevens
and Co., 100, down from 87; Cannon
Mills, 269, down from 247; Cone Mills,
273, down from 270; Dan River Mills,
277, down from 276; and Springs Cot
ton Mills, 303, down from 272.
Scholarship, Loan
Program Announced
Fieldcrest Mills has announced that
the Fieldcrest Foundation will grant
five scholarships each year for part-
time attendance at Rockingham Com
munity College or similar community
colleges where Fieldcrest has opera
tions.
The awards will be made to employ
ees taking not les than six nor more
than nine semester hours of courses
each semester in a program leading to
an associate of arts degree.
These scholarships will be in the
amount required to pay tuition fees and
books but will not exceed $100 per se
mester. The scholarships will be re
newable for 10 semesters provided ade
quate college work is accomplished by
the student.
Selection of recipients for Fieldcrest
Scholarships for community colleges
will be made by the Fieldcrest Scholar
ship Committee under similar rules and
regulations as for scholarships to four-
year colleges, except that awards can
be made at the beginning of any se
mester of attendance at college.
In addition to the scholarships, the
Foundation will provide a limited num-
(Continued on Page Three)
Credit Union Pays Out
$32,312 In Dividends
Dividends paid to members of the
Fieldcrest Mills Credit Union for the
first six months of 1967 amounted to
$32,312, making a total of $235,202 that
has been paid in dividends since the
Credit Union was established in 1958.
The Credit Union has paid a dividend
of not less than four percent per an
num each six months since it was
organized. The rate was increased from
four to four and one-fourth percent ef
fective January 1, 1965, and was raised
to four and one-half percent a year
later.
Statements showing the amount of
dividend received, the member’s share
account, the loan balance and interest
paid have been distributed. If any
member failed to receive his statement,
or has any question concerning his ac
count, the member should notify the
(Continued on Page Two)