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THE MILL WHISTLE
Vol. 32
Eden, N. C., February 11, 1974
No. 14
Editors Meet Namath,
See Playmaker Styles
St. Mary’s played host to Joe
Namath and more than 300
guests at the penthouse
apartment of New York’s Plaza
Hotel on Monday, February 4,
for the introduction of St. Mary’s
new Playmaker Collection of Joe
Namath superstyles.
Guests included editors of
many leading consumer
magazines and newspapers, and
members of the trade and
retailing communities.
The elegant penthouse
apartment served as an
effective showcase for the
dainty, feminine Playmaker
designs. The two Playmaker
styles, Playmaker floral and
Playmaker stripe, were used to
transform the four penthouse
bedrooms into lovely showcase
interiors.
Throughout the apartment,
dozens of fresh tulips, hyacinths
and other cut flowers created an
aura of springtime which
mirrored the country-fresh
coloring of the Playmaker
designs. The hostesses were
dressed in caftans made of
Playmaker fabrics.
D. M. Tracy, president of the
,Fieldcrest Marketing Division,
welcomed the guests. In his
remarks, he cited the innovative
nature of the event.
“Having a strong masculine
personality endorse such
traditionally feminine products
is a very exciting turning point
in our market. We’re delighted
to have Joe join us on the St.
Mary’s team,’’ Tracy said.
Joe Namath greeted the
guests and talked with them
about the collection. Joining him
were friends Dave Herman and
Emerson Broozer of the New
York Jets, and John Dockery of
the Pittsburgh Steelers.
A five-minute film featuring
Namath and explaining the
collection, and two 30-second
television commercials were
broadcast throughout the
apartment via a special closed
circuit video hookup during the
party.
Joe Namath with new Playmaker design bed fashions.
Credit Union Total Assets
Approaching $6 Million
Company Products Featured
In S&H Green Stamp Book
The Fieldcrest Mills Credit
Union achieved substantial
growth in 1973 with an increase
of approximately $800,000 in
assets. Total assets at the end of
the year were $5,778,159, as
compared with $4,980,050 at the
close of 1972.
The Credit Union had 9,149
members as of December 31,
1973, representing 76 percent of
all of those eligible to join. In the
Eden mills and offices, a
whopping 92 percent of the
employees are members of the
Credit Union.
Dividends on savings paid by
the Credit Union in 1973 totaled
$249,%!, compared to $211,019 in
the prjBceding year. The 1973
payments made a total of
$1,242,016 the Credit Union has
paid in dividends since its
organization in 1958.
The current dividend rate is 6
percent per annum, having
advanced steadily over the
years. The Credit Union has paid
a dividend of at least 4 percent
per annum each six months
since it was organized. The 6
percent rate has been in effect
since July 1, 1970.
In addition to steadily raising
the dividend rate, the Credit
Union early in 1968 reduced the
interest rate charged on loans
from 1 percent to nine-tenths of 1
percent per month on the unpaid
balance.
The figures above are from the
report on the financial statement
given at the annual meeting of
the Credit Union January 25 in
Scholarship Deadline Is March 1
The deadline for applying for a
Fieldcrest Scholarship or
Muscogee Scholarship is March
1- Applications must be
postmarked not later than
March l to be considered by the
Scholarship Committee.
In recent years the application
forms were made available
earlier and the deadline for
returning them advanced in
order to help the students in
their planning. Awards of the
scholarships will be announced
in May.
(Continued on Page Five)
the conference room at the
General Offices, Eden. The
financial statement is printed
elsewhere in this issue of The
Mill Whistle.
L. E. Chewning, president of
the Credit Union, presided and
reviewed the financial
statement. In presenting some of
the more significant operating
statistics, he pointed out that
since its organization, the Credit
Union has processed 112,182
loans for a total of $22,378,647.
“The Credit Union continues
to be a strong, sound, well-run
organization which performs a
genuine service for employees,”
Mr. Chewning said.
“It provides a place where
employees can invest money and
receive a fair return and where
they can conveniently obtain
low-cost loans. Both savings and
loan repayments may be
handled through payroll
deductions,” he said.
Mr. Chewning invited
employees who are not already
members to join the Credit
Union and make use of its
services.
He expressed appreciation to
(Continued on Page Six)
In February, Fieldcrest Mills
products are again featured in
one of America’s most unusual
and widely distributed
publications — the S&H Green
Stamps Ideabook. Some 22
million of the catalogs will be
given away to consumers this
year.
For nearly 30 years,
F^ieldcrest Mills and, prior to
that, Marshall Field &
Company, have supplied
blankets, automatic blankets,
bedspreads and towels to The
Sperry and Hutchinson
Company’s stamp division for
distribution to the millions of
people who save the little green
rectangles.
A. R. Thorp, vice president of
purchasing for the division, told
The Mill Whistle, “We are proud
of our long, pleasant relationship
with Fieldcrest. Our stamp
savers recognize Fieldcrest’s
quality design, style and
workmanship.”
Evidence seems to bear this
out: An estimated 2,142,000
Fieldcrest items were chosen by
S&H stamp savers in the last 10
years. One of the most popular
Fieldcrest items continues to be
the Acrilan Acrylic “Apollo”
blanket.
The 78-year-old Sperry and
Hutchinson Company is proud of
its ability to select merchandise
that has a track record in the
marketplace. Mr. Thorp
emphasizes that “it just
wouldn’t make sense to give
stamp savers anything but the
best possible value at
redemption centers. That’s why
we offer such fine products as
Fieldcrest blankets and bed
spreads.”
Mr. Thorp, who began his
career with The Sperry and
(Continued on Page Three)
Car Pool Data
Being Collected
Car pool information from the
various plants and office
locations is continuing to come
in. Preliminary figures show
that response in most locations
is good.
The completed material has
been sent to the Data Processing
Department for computer
matching. Employees who have
filled out the information should
receive the lists within the next
two weeks.
(Continued on Page Eight)