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Ipl. 30
Eden, N. C., November 8, 1971
No. 9
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Laurelcrest Carpet For Royalty
, the picture above, Emperor Hiro-
*^o of Japan stands on a red carpet
g®de by Fieldcrest’s Laurelcrest Carpet
j7''ision as he is greeted in Alaska by
^ssident Nixon.
this official picture taken by the
3te Department the Empress is step-
down the gangplank while Mrs.
, J^Xon (in fur coat) is shown to the
of the President. The Laurelcrest
®fpet is shown all along the lower
of the picture.
Information from the State Depart-
®ht said that by pure coincidence the
®''Pet on the steps matched the red
nners from Laurelcrest.
For President Nixon’s meeting with
the Emperor the government purchased
at the regular price two 100-foot rolls
of Laurelcrest’s pattern 270-5, a cherry
red carpet from the “Velvet Dream”
line.
It was specified in the instructions
that the carpet should be five feet wide
and have metal weights placed in the
ends to prevent the wind or blast from
the aircraft from lifting the carpet.
Maguire Sold
^ieldcrest Mills, Inc., has announced
'"[npietion of the sale of John P. Ma
in's & Co., Inc., its New York-based
j,'Storing subsidiary, to Provident Na-
Ij^al Bank, Philadelphia, Pa., for
tob,
.000,000 in cash received at the Oc-
29 closing,
j^irectors of Fieldcrest Mills, Inc., had
jj^Pi'oved the final sale agreement at
October 26 meeting,
u.-^roceeds of the sale will be used in-
by Fieldcrest to reduce short-
debt. Fieldcrest will continue to
j ilize Maguire factoring services for
® foreseeable future.
Winchester Employees
Set Outstanding Record
For the third consecutive year, 100%
of Winchester Spinning Mill’s employees
have contributed to the Buncombe
County United Fund campaign on a
“Fair Share” basis.
The Winchester employees, all of
whom are signed up on a continuing
pledge basis, contributed $4,469.01 to
the campaign and the Company, through
the Fieldcrest Foundation, donated an
additional $500.
During the past three years Winchest
er Spinning has maintained the best
record for industry in Buncombe Coun
ty. Their average donation per em
ployee is $29.58.
In a drawing among “Fair Share”
givers, Louise Padgett, a spinner, won
a combination stereo radio/phonograph.
Guinan Is Speaker At
25-Yr. Club Meeting
Walter B. Guinan, president of the
Karastan Marketing Division, was the
chief speaker at the annual meeting of
the members of the 25-Year Club from
the Karastan Mill and Service Center
Saturday, October 23, in the Burton
Grove School auditorium.
“Karastan is the most esteemed name
in the carpet industry anyhere in the
world,” Mr. Guinan told the group. “We
are the largest carpet weaver in the
United States and in dollar volume
probably the largest in the world.”
Mr. Guinan congratulated the 25-
Year Club members and told of his “re
spect for this group.” He said “Beau
tiful rugs and carpets are not made
by machines but by people like you.”
New Rug Acclaimed
He showed the new “Persian Hunt
ing” pattern and told of the acclaim it
has received. He described the devel
opment and the reception by consum
ers of some of the other newest pro
ducts of the mill.
J. Paul Kitchens, division vice presi-
dent-Karastan rug manufacturing, spoke
to the group, congratulating them on
their long service and expressing ap
preciation for the effort put forth dur
ing the past year.
He said the long-service employees
are the “backbone of the Karastan op
eration” and that the mill would not
be successful without the support of
this group.
Tremendous Growth Shown
Mr. Kitchens reviewed mill opera
tions during the past year and discus
sed the outlook for the future. He told
of the tremendous growth of the Kar
astan Mill and described proposed cap
ital projects needed for increasing the
capacity of the mill.
John G. Cunningham, plant man
ager, was the master of ceremonies. He
welcomed those attending and rec
ognized the retired members of the
club. He also recognized a number of
husband-and-wife members of the club
and presented seven Karastan employees
who have recently completed records
of 45 and 40 years of service.
Jones W. Norman, area personnel
manager, recognized the 43 new mem
bers who became eligible for the 25-
(Continued on Page Seven)