THE MILLWH
ilisililiit'r
m^tmmrni'Ss
V 30
Eden, N. C., October 25, 1971
No. 8
November 2nd: A Time To Be Counted
^ieldcresters and their fellow citi-
6tis in Eden will make an important
®cision in the bond election on Tues-
November 2. Much has been said
I'd Written about the issues involved.
What are some of these questions:
^irst of all, what is a bond and why
® bonds issued by cities?
Answer: Bond is the name given to
. ® Piece of paper that legalizes a lend-
S-borrowing transaction. The city
ding bonds is simiply another way of
^yihg that the city is borrowing some
j oney. 'The only real difference be-
"'een this and other loans is that money
be borrowed in this fashion by
at low interest rates over long
*fiods of time.
'Question: Is it necessary for Eden to
''•Tow (sell bonds) money to make
“Wr and sewer improvements?
.Answer: You have heard the warn-
,^gs of experts in the health field and
°ther areas who say that we cannot
. to wait to- make these improve-
'S. They say that the possibilities
ftiont;
Md,
feai
. epidemics and the possibilities of
espread, uncontrolled fires are too
and too dangerous to let continue
longe:
r than necessary.
om another point of view, the
question could be looked at this way:
If you were going to build a house,
would you build it board by board and
room by room as you could afford it?
The chances are that by the time most
of us finished, the first part would be
weathered away! No, we don’t dO' that.
The normal procedure is to go out and
borrow the money on the best terms
that we can, build our house and then
pay for it over a number of years.
This is exactly what the city is pro
posing that we do.
What is unusual about a city asking
the voters to approve bonds for water
and sewer improvements? Nothing at
all. Neighboring cities and counties, in
cluding Reidsville, Madison, Guilford
County, Winston-Salem^ and many oth
ers, have approved similar bond issues
in the recent past. Under the law, it is
necessary that the voters in any area
approve this form of borrowing money.
That is good practice and no one sug
gests that this be changed.
What is the real issue in this election?
The real issue seems to be whether
or not the citizens of Eden are willing
to stand behind the majority of their
elected city officials in their recom
mendation that the city borrow the
Employees Give $90,011
jj, ^hiployees of Fieldcrest Mills gave or
a total of $90,011 in the Eden
^ ^ited Fund campaign, representing an
standingly generous response.
In
addition to the employees’ gifts
f, - company through the Fieldcrest
.j,°^ndation donated $9,000 tO' the fund,
vj ® comibined contributions by the em-
l-^Pees and the company amounted to
’^11, or approximately two-thirds of
p Community-wide goal of $150,000.
ij^aul Kitchens, division vice presi-
j.yg Hianufacturing who
chairman of the campaign at Field-
expressed appreciation to all who
or pledged contributions and to
who assisted with the solicitations
^he mills and offices.
. ‘This is an outstanding accomplish-
j^Cnt by Fieldcrest people and I want
Congratulate everyone who had a
in it,” Mr. Kitchens said. “By their
generous response, Fieldcrest employees
have again demonstrated their willing
ness to help the less fortunate and to
support those things that make for a
better community.”
Of the 5,015 employees on the pay
roll at Eden, 3,592, or 71.6%, pledged on
the Fair Share basis. A total of 3,889,
or 77.5%, participated in the campaign
by contributing in some amount.
Employees in the Blanket Operation
for the third consecutive year won the
President’s Plaque, given by President
William C. Battle to the mill division
in which the highest percentage of the
employees pledged a Fair Share.
In this year’s campaign 77.7% of the
Blanket Operation employees pledged
on the Fair Share basis. The percent
ages in other mill divisions were: Sheet
ing Operation, 73.4%; Bedspread Op-
(Continued on Page Eight)
money necessary to get the large fed
eral grants that are available and get
this necessary job over with as soon
as possible. (Incidentally, federal grants
are not available if a city tries to do
this work on a piecemeal basis with
out a bond issue.)
The strong arguments about the
health factors, about the low water
pressure in many areas leading to dan
gerous conditions in the event of fire,
and so on are all reasons why the
majority of the city council favors the
passage of the bond issue.
The real issue is whether or not re
sponsible voters in the city will sup
port the majority of the city council
who favor swift action with voter ap
proval to clean up these bad situations
or whether a short-sighted opposition
group will get its way and delay or
make impossible at this time improve
ments which we all know must be
made.
Fieldcrest urges all employees to ex
ercise their rights and privileges as
free citizens of a democracy to stand
up and be counted.
VOTE NOVEMBER 2nd!
Appreciation To
Fieldcrest Employees
The gifts of Fieldcrest Mills em
ployees in the Eden United Fund
campaign have provided an in
spiration and an example for the
entire community to follow. I want
to thank you most sincerely for
your generous support.
I congratulate you on your
splendid achievement and know
you feel a sense of satisfaction in
having helped others in such an
unselfish way.
It is an honor and a privilege to
be associated with you in a com
munity endeavor of this kind.
Your response has been wonder
ful.
Congratulations to each of you!
LYMAN A. COLLINS
Campaign Chairman
Eden United Fund