m sm »|^B Ipl. 30 Eden, N. C., November 8, 1971 No. 9 t*"- &■ i 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)

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