I^^MILLWHI
COORDINATED FASHIONS
FOR i:iFD AND BATH
Eden, N. C., December 14, 1970
No. 12
Now For Children’s Parties
A CHRISTMAS MESSAGE
While the general economic slow
down has adversely affected our
business in 1970, our total perfor
mance for the year will be, if not the
best, among the best in the textile
industry, and for the ninth consecu
tive year employees received a gen
eral wage increase and an improve
ment in fringe benefits.
While it is too early to predict
what business conditions will be like
in 1971, there are hopeful signs that
federal monetary policy will begin to
reverse the slowdown seen in 1970.
We appreciate your strong sup
port and your contributions to the
success of the Company, and your
Directors and I wish you a Merry
Christmas and a Happy New Year.
A large attendance is expected at the
annual Christmas parties for the chil
dren of Fieldcrest employees in the
Eden-Fieldale area Sunday afternoon,
December 20.
The Fieldale party will be held in
the Fieldale-Collinsville High School
gymnasium at 2 p.m. The Eden party
will be at 4 p.m. in the Morehead High
School auditorium.
Tickets for the parties are available
now from the departmental supervisors.
Employees should not request more
tickets than they will actually use and
they should make their requests as early
as possible.
A highlight of the program will be
the Piccadilly Puppet Circus, presented
by Julie Thomas and Ken Daniel, of
Atlanta, Ga. The puppet show tells an
entertaining story of what goes on in
a zany and wonderful circus troupe.
Also, the Fieldcresters Quartet, of
Eden, will present a brief program at
each party and will join with the chil
dren in the group singing of Christmas
songs. Other special features are plan
ned.
Santa Claus will appear at the con-
(Continued on Page Four)
G. W. Moore
Chairman of the Board and President
Credit Union Will Pay
6 Percent On Savings
The dividend rate on Credit Union
savings was increased to 6% per an
num by action of the board of directors
of the Credit Union at their regular
monthly meeting on December 9. The
dividend rate had previously been 554%.
Members of the Credit Union in all
locations will receive a dividend at the
new rate, figured on their average
monthly balances and credited to their
share accounts as of December 31.
The Credit Union has never paid less
than 4% per annum on savings since its
organization nearly 12 years ago. The
rate was increased to 414% in 1965 and
to 414% January 1, 1966. It was raised
to 5% January 1, 1968, and became
514% January 1, 1970.