VOL. XXVI
Eden, N. C., February 19, 1968
NO. 16
Credit Union Wili Pay 5% On Savings
Xewly-elected officers of Central Safety Committee are J. L. West (center), of the
bedspread Mill, chairman; W. O. Stone (left), of the Towel Mill, vice chairman; and
R. Baggett, Fleldcrest safety director, continuing secretary.
1967 Good Year in Safety At Fieldcrest
J- L. West, superintendent of the Bed
spread Mill, was elected chairman of
Central Safety Committee February
I at the committee’s first meeting of
1968. W. O. Stone, assistant manager of
Towel Mill, was named vice chair-
and K. R. Baggett, safety director,
'''as reelected secretary.
■A-t the meeting, Mr. Baggett presented
^ summary of the safety performance at
fieldcrest in 1967, highlights of which
lollow below:
The mills’ over-all safety record was
Sood and the accident severity rate was
ae lowest ever attained at Fieldcrest
The severity of 281 days lost per
iPillion man-hours of operation was sub-
f^lantially less than the 460 days reported
f'y the National Safety Council for the
®xtile industry as a whole.
The accident frequency rate at Field-
'^^'es.t was 3.06 disabling injuries per
^illlion man-hours, a slight increase
''''er the 2.93 frequency rate in 1966, but
below the National Safety Coun
cil rate of 4.27 for the U. S. textile in
dustry.
A total of 65 disabling injuries oc
curred throughout the mills in 1967 as
compared with 61 the year before. In
cluded in the 1967 figures were three
additional mills, the Non-Woven Blanket
Mill, the Foremost Screen Print plant,
and the Laurelcrest carpet plant. Thir
teen of the 65 injuries occurred at those
plants.
Of the 65 injuries, 32 were injuries to
the hands or fingers. Plans are being
formulated for a program in 1968 de
signed to reduce the number of hand
injuries.
The safety shoe program is being well
received and the program will be car
ried further this year. T0‘ date, a num
ber of persons have been saved from
foot injuries because they were wearing
safety shoes.
The eye protection program has been
extended to the North Carolina Finish-
(Continued on Page Eight)
Directors of the Fieldcrest Mills
Credit Union, at their regular monthly
meeting February 15, voted to increase
the dividend rate (interest paid on sav
ings) to 5%. The increase was made
effective as of January 1, 1968, since
dividends are computed on a semi
annual basis.
The Credit Union’s board of directors
at the same time authorized a reduction
in the interest rate on loans from 1%
a month to .9% a month, effective Feb
ruary 19. The lower rate will apply to
all outstanding loans as well as new
loans.
In announcing the board’s action.
Haven H. Newton, president of the
Credit Union, said:
“We are pleased that the Credit Union
is in a position to make these improve
ments. These changes mean that those
who save in the Credit Union will re
ceive an even better return on their in
vestment and those who borrow will pay
interest even lower than the 1% a
month which is the accepted practice in
credit unions.
“These extra advantages are made
possible by the continuing growth and
soundness of the Fieldcrest Mills Credit
Union, reflecting credit on the foresight
and good business judgment of those
who have managed the affairs of the
Credit Union through the years.”
Organized in 1958, the Credit Union
(Continued on Page Eight)
RCC Public Forum
Richard Donald, deputy director of the
Office of Asian-Communist Affairs, Uni
ted States Department of State, will
speak at a public forum Tuesday, Feb
ruary 20. The forum will begin at 8 p.m.
in room 206 of the classroom building.
Mr. Donald will discixss “Upheaval in
Communist China—What Outlook for
the Cultural Revolution?” Following his
presentation, he will answer questions
from the audience.
Born in Johannesburg, South Africa,
of American parents, Mr. Donald grad
uated from Yale University and served
for three years in the U. S. Army.
He entered the Foreign Service in
1946, and has served at consulates and
embassies in El Salvador, Germany,
Japan, Colombia, Taiwan and Hong
Kong. His most recent assignment
abroad was in Singapore.