;S8P
THE MILL WHISTLE
Eden, N. C., August 2, 1976
No. 2
65 New Grants Are Awarded By Foundation
j^ieldcrest Foundation has
65 new grants-in-aid to
for (udaughters of employees
j he 1976-77 school year.
fetip ®'^'^'6on, 63 grants were
to make a total of 128
Tljg ^ and receiving grants.
Otit,,.y®,*he of the grants ranges
.... fd to $1,000 per year.
18?
previously
'e latest grants together with
make a
250 that have been
to help the children of
obtain education
th
IS j ® program, started in 1972,
uesir
■(end high school.
^ Progrs
chiitj''"'Si’od to aid employees’
ticai to take tech-
liech • ‘bourses such as
Pafj ®hics, secretarial work or
ttiM^J^dical courses (nursing,
Ihr technicians, etc.).
[Joyees
etHpi^_§rants are also made to
■year
children attending
colleges or universi-
I’he
Olti
§rants-in-aid are distinct
the Fieldcrest Scholar-
“Und awarded by the
^htion. Grants may be used
'Ps,
at technical or trade schools and
are given on an annual basis
with the student re-applying
each year.
The Scholarships are given for
four years provided the student
maintains a satisfactory grade
average. The recipient must
attend a four-year college or
university in pursuit of an
academic degree.
The names of the newest grant
recipients and brief information
about each folows:
Rinda Sue Alcorn is the daugh
ter of Mr. and Mrs. James D. Al
corn. Her father is a cutter at the
Blanket Finishing Mill. She will
be a freshman at the School of
Nursing, Danville Memorial
Hospital.
Dianne Alford, daughter of
Mr. and Mrs. Howard Alford,
plans to attend the University of
North Carolina at Greensboro
where she will be a freshman.
Her father is a fixer at the
Laurelcrest Carpet Mill.
Michael J. Amos is the son of
Mr. and Mrs. Jesse C. Amos. His
^vings Bonds Drive
Begin August 16
I P|
3re going forward for a
,^ttrg (^y-wide campaign to
U U y interest of employees
^^''ings Bonds in an
W begin at all facilities
^^y, August 16.
the period August 16-
or ?Pioyees wishing to sign up
igl,p'’ings Bonds may do so
jy ''' their own departments
'Hv!(’'iacting their - immediate
7''>sors.
iofi
President-Industrial
;^Potis Haven H. Newton,
•titio'P chairman,
>aigi^Paing plans for the cam-
‘‘g ’ ®aid:
'buying Savings Bonds —
America, you
^ ®ay — citizens can help
tro.''®bon remain financially
Ii3|]“’ continuing to meet the
®Pges of the next 100 years
j Stock? -
^^mericsi.
Vears at the same location.
as it has in the past 200.”
Savings bonds can provide the
financial nest egg to guarantee
your child’s education, a supple
ment to your retirement,
vacations, or just everyday
emergencies.
Series E Bonds guarantee an
interest of 6 percent com
pounded semiannually when
held to maturity of five years.
There is also a guaranteed 10-
year extension period.
Interest is exempt from
state and local income taxes.
Federal tax may be declared an
nually or deferred — a big
advantage when you’re saving
for education or retirement.
Your bonds are backed by the
United States. If they are lost,
stolen or destroyed, they can be
replaced without charge.
Those who buy bonds this year
will have an added bonus in the
special edition red, white and
blue Bicentennial Bonds which
will be available until December
1.
Keep in mind the dates of the
campaign: August 16-20.
Remember, too, that
arrangements for bond
purchases may be made right in
your own department by
contacting the supervisor.
father is a loom fixer at the
Fieldale Towel Mill. His mother,
Shirley Mae, is a shearing
machine tender also at the
Fieldale Towel Mill. He will be a
freshman at Virginia
Polytechnic Institute and State
University where he will study
communications.
Pamela Ann Baker is the
daughter of Mr. and Mrs. Lester
J. Baker. Her father is a
machine operator at the Scotts-
boro Rug Mill. She is a rising
senior at Jacksonville State Uni
versity where she is majoring in
accounting with a minor in
economics.
Ronnie L. Barrett, son of Mr.
and Mrs. Joe Barrett, is a rising
sophomore at St. Augustine’s
College where he plans to major
in business administration. His
father is a machinist at the
Karastan Spinning Mill.
Jerry William Belcher is the
son of Mr. and Mrs. Joseph W.
Belcher. His father is a loom
fixer at the Fieldale Towel Mill.
Jerry plans to enter Virginia
Western Community College and
(Continued To Page Three)
Mr. and Mrs. Wheeler (Ranee
Photo by Helmut (Jerde.s
Montreal Trip A Reality For Glance Family
Employees of the Phenix City
Plant and the Columbus Towel
Mill made Montreal and the
Olympics a reality for Mr. and
Mrs. Wheeler Glance, parents of
Harvey Glance, who
represented the U.S.A. in the
Summer Olympic Games.
The Fieldcrest employees
were not going to allow the
parents of Harvey, one of the
greatest track stars to come out
of the area, to miss seeing him
perform at Montreal. Wheeler
Glance, a supervisor at the
Phenix City Plant, said his son’s
appearance in the Olympics was
a thrill for the entire family.
Mr. Glance said he tried to
instill in Harvey the idea to do
his best in anything he
attempted in life. Harvey
Harvey Glance, 19-year-old
Auburn University freshman,
reached the finals in the 100-
meter dash at the Olympics in
Montreal. He was the leading
American but placed fourth
behind the contenders from
Trinidad, Jamaica and the
Soviet Union.
evidently listened because he
has been excellent in track since
junior high. He practiced every
day to improve his talent while
setting a goal, Wheeler Glance
said.
The Glance home has trophies
covering the walls and desig
nated areas of the house. Many
were won recently and others
date back to junior and senior
high school when Harvey’s
talent began to emerge.
Mr. and Mrs. Glance had their
dream come true at the Summer
Olympics and it is evident that
the generous employees at the
Phenix City and Columbus
plants have great respect and
admiration for Wheeler Glance.
2nd Quarter Sales, Earnings Reported
F'ieldcrest Mills, Inc.
has announced that the com
pany achieved record sales and
earnings for the fourth consecu
tive quarter.
Net earnings for the second
quarter of 1976 were $2,977,000
($.81 per share) compared with
$1,640,000 ($.45 per share) last
year, an increase of 82 percent.
.Second quarter sales increased
16 percent to $80,898,000
compared with $69,877,000 in
1975.
In reporting the operating
results, William C. Battle,
president and chief executive
officer, said net earnings for the
first six months were $5,210,000
($1.42 per share', an increase of
199 percent over earnings of
$1,744,000 ($.48 per share)
reported for the same period in
1975. .Sales for the first half
increased to $153,222,000 from
$124,116,000 in 1975.
‘‘Mill operating levels con
tinued to be satisfactory in the
second quarter,” Battle said.
‘‘In spite of the well-publicized
slowdown in retail sales of soft
goods, the record sales level
indicates that our product lines
performed well in the
(Continued on Page Seven)