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Vol. 31
Eden, N. C., April 16, 1973
Na. 20
(35-MILLION IS DISBURSED IN EDEN
Fieldcrest Mills’ operations added
'^Ver $35 million to the economy of Eden
®hd Rockingham County in 1972. A total
°f $35,681,278 was paid in Eden and the
'bounty for payrolls and taxes alone,
Company records show.
The largest contribution to the pros
perity of Eden was the Fieldcrest pay
rolls of $33,109,705, paid to the 4,838
oniployees in the area.
Property taxes paid in Rockingham
County totaled $874,986, of which $475,-
”13 Was paid to the county and $399,-
^13 Paid to the City of Eden.
Fieldcrest in 1972 also paid $1,696,-
in Social Security taxes and for un-
New Plant Manager
Larry T. Mills is the new plant man-
®ger of the Alexander Sheeting Mill
at Forest City, as announced. He re
placed C. Hoyt Wiggonton who was
Promoted to division vice president of
^Ireet manufacturing and transferred to
^den.
Mr. Mills graduated from Clemson
University with a B.S. degree in tex
tile management and has a background
experience in the manufacture of
^I'oeting and apparel fabrics.
He previously was associated with
Several plants of Springs Mills and
P^ost recently was at Lancaster, S. C.
employment insurance on its Eden em
ployees. This was what the Company
paid in addition to the employees’ share
of the Social Security taxes.
By law, the Company pays half and
the employee half of the taxes to fi
nance Social Security benefits for em
ployees; but the Company pays 100%
of the taxes to provide the state-ad
ministered compensation for eligible
employees when out of work.
In addition to the more than $35-
million pumped into the economy by di
rect payments, large sums were dis
tributed in the form of benefits for the
4,838 active employees and their de
pendents and for pensions to the Com
pany’s 1,592 retired employees. A ma
jority of the retired employees live in
the Eden area.
The foregoing figures do not include
capital expenditures for land, build
ings, machinery or equipment.
Money spent for purchases of goods
and services from local firms and ex
penditures for raw materials also are
excluded.
The figures apply only to Eden and
Rockingham County and do not include
any money paid out at other manu
facturing locations or in the sales di
visions.
Governor Proclaims
Month For Textiles
April has been officially proclaimed
Textile Careers Month in North Car
olina by Gov. James E. Holshouser, Jr.
In his proclamation. Gov. Holshouser
noted that the textile industry is the
state’s largest industrial employer and
that its 282,000 employes are a valu
able asset to the economic well-being
of North Carolina.
He also said that the “textile indus
try is a good corporate neighbor, ever
striving to make gains in both employ
ment and wage payments that will ben
efit all of North Carolina” and he com
mended the observance of Textile Ca
reers Month to the citizens of the state.
Textile Careers Month is a month
long employee recruiting effort by the
textile industry.
V
DR. L. H. HANCE
Dr. Hance Is Honored
As ‘Man of the Year’
Dr. L. H. Hance, vice president, re
search and engineering at Fieldcrest
Mills, Inc., has been chosen “Man of
the Year” by Kappa Tau Beta, hon
orary society in textiles, specializing in
knitting and yarn manufacturing, at
North Carolina State University.
Dr. Hance was guest of honor at a
dinner at the Faculty Club at NCSU
March 29 when the award was made.
Dr. Peter Lord, a member of the fac
ulty in the School of Textiles, present
ed Dr. Hance to the group. Dean David
W. Chaney of the School of Textiles,
made the award.
The honor was given Dr. Hance on
the basis of his “outstanding contribu
tion to the textile industry, particularly
in the field of yarn manufacturing.”
Dr. Lord called attention to the fact
that Dr. Hance wrote the chapter on
spinning in the new “American Cotton
Handbook” and that he had been a
teacher in textile colleges for 14 years,
mostly in graduate schools, where he
taught courses in the development of
yarn manufacturing.
In his response. Dr. Hance reviewed
some of the progress that has been made
in textile yarn manufacturing process-
(Continued on Page Four)