Historical Newspapers of South Carolina

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CLINTON - LYDIA MILLS Vol. 8. No. 4 April. 1959 Clinton, S. C. VOL. 8. NO. 4 PUB! MORTGAGE LIFE INSl MB -BB. MB MB IM BM. BM M ^ TO BE OFFERED A! The Company is pleased to available to prospective village chasers of village homes. The | months of study and conferenc program was "tailor made" to needs of the home purchasers f The amount of life insurance available to each employee will be determined by the amount of the mortgage. The mortgages will be for a 20 year period. The life insurance coverage will be for a like period decreasing each year as the amount of the mortgage is reduced. The premiums for this protection are very reasonable and will be included in monthly payments if the purchaser elects to insure. This method, worked out by Clinton and Lydia Cotton Mills, will permit the actual cost of the coverage to be considerably less than if handled individually. Another important feature specified by the Company is that all employees who purchase one of the houses will be eligible for the insurance coverage regardless of physical condition up through age 65. This means that everyone who applies will be issued a policy and no policies will contain restrictive riders or increased ratings. In the event of termination of employment, the home purchaser may continue his insurance coverage on a regular monthly premium basis or convert his policy to a permanent plan of insurance. Waiver of premium benefit is to be issued for purchasers up to age 55 and will be in force until age 60. This means that, within the above age limits, in event of a purchaser becoming totally disabled the premiums for his insurance protection will be waived during the period of disability. In order for the plan to become effective, the insurance company specified that it will be necessary for at least 75' of all persons buying houses to enroll in the insurance plan. This matter has been discussed by officials of the mill and the insurance company and a reasonable time limit will be established to complete the enrollment of the necessary number of pur chasers to qualify for the plan. Due to particular requirements for low rates and adequate mortgage coverage along with the automatic premium payment feature it is felt that the actual enrollment might far exceed the required minimum. Arrangements are being made to have representatives CLo LISHED BY AND FOR THE JRANCE > PART OF HOME F announce that an automatic life homeowners as part of the p? Dlan was developed for the bene es with the Palmetto State Lit fit the requirements specified b or life insurance protection in 1 of the insurance company 1 available soon to personally explain the plan in detail, answer your questions and assist you with completion of necessary forms, etc. The life insurance phase is just another part of the comp 1 e t e homeowner's package plan designed bv the company to make the purchase, mortgage payments, interest, fire and life insurance coverage a simplified and attractive benefit to prospective village homeowners. Specifically, the life policy will pay off the remaining balance of the mortgage in the event of death of the purchaser leaving his family with a debt free home. The coverage will be for 20 years, same as the mortgage period. The premiums, however, another important feature, will be payable for only 16 years. Therefore, no premiums will be due after the 16th year w- ^ ? ^?. 'Sweet S/'ritig, Thou With All T, Folks who keep abreast of the that Spring arrived March 21st Bn tardy in bringing its warmth and I rection. As March departed and A sun-warmed, more plants flowerec cloak themselves in garments of 1 soms of the white dogwood stood o ton (left), and Cathy Moore came i at the dogwood trees on the beaut 1 home. THM) EMPLOYEES OF CLINTON-L I PURCHASE PLAN insurance plan will be made ickage program for the purfit of employees after several 'e Insurance Company. The >y the Company to meet the the amount ol the mortgage. but coverage will continue through the 20th year. In event that both husband and wife are employed at the mill, the person in whose name the purchase is made will be the person who should enroll in the insurance plan. If house is purchased in name of husband and wife jointly each or just one may apply for the insurance coverage. If the spouse of the purchaser is not included on the purchase but is actively at work in the mill at the time the plan is eiiective he or snc may apply for a policy on their life similar to that of the purchaser and to be issued at the srme time as that of purchaser. In the event the heme is sold at some later date bv the purchaser, he may continue his coverage as is. The new purchaser may then become eligible to enroll provided he/she is an employee. It,*i TV j It >4 / ?< > Fn. Sot 1 2 i 4 5 6 7 8 0 10 II 12 1J 14 IS 16 17 IS 10 ;o 21 22 24 25 26 27 28 20 SO SyK 9 * J?w 7'// / // V/ //v C r oo:l I v Tnii//.., calendar and the almanac knowit this year the Vernal Season was ull-hloom signs of Nature's resurpi ll arrived, earth and air became 1 into bloom, and trees began to iving green. The distinctive blosut among them all Shirley Quinclose for a more appreciative look fill grounds of Mrs. C. M. Bailey's vkER YDIA MILLS. CLINTCN. S. .YDIA BEGINS NEW ! BY WINNING I K/ . X m 1 \ \ m A m\ Lydia employees won President Robert Vance's Safety Plaque for the first quarter of 1959. Lydia had only four accidents requiring medical attention during the three months period. Three of the four accidents occurred on the second shift. President Vance presented the Plaque to Supt. D. H. Roberts at the Supervisors' Monthly Safety Meeting held at the Community House on Wednesday. April 15, at 2:30 P. M. Mr. Roberts accepted the plaque not for himself alone, but for all the employees and Supervisors. He said, "Without the full support and cooperation of all the employees this could not be possible. It requires the sincere desire and effort of each and every employee to work in a safe manner to be successful in accident prevention. I accept t nlamm nriHo nn Kn_ half of all the employees of Lydia." Prior to presenting the Plaque Mr. Vance congratulated the supervisors and employees upon their cooperative attitude and enthusiastic support of the Safety Program. He said. "I am truly proud to present this plaoue to the employees of Lydia today. You are doing a good job .... let's keep it up and keep accidents down." Out of a possible 1000 points. Lydia defeated Clinton 989 to Relative Cost The Model T Ford, first produced in 1908. had a price tan of $850?but the average American had to work eightysix weeks to earn enough to buy one. Today, Ford economists say, the price of a 1959 model can be earned in only twenty-six weeks. BULK RATE U. S. POSTAGE PAID Clinton. S. C. Permit No. 59 C. APRIL. 1959 iAFETY YEAR 'RESIDENT'S PLAQUE Ml . j If Ml' . vfl / i The Way To Humanity s Greatest "V"-Day No matter how diverse people may be in their attitude and ways of life, they are united in a determination to banish one of mankind's worst enemies?cancer. Americans have backed this determination by working as volunteers for, and by their contributions to. the American Cancer Society. Fighting cancer costs money. In the last ten years the American people contributed $211,441,437 to the American Cancer I If.* Society for this cause. It has brought results. There are 800.000 Americans who have reason to thank the ACS for the balanced research, education and service programs which helped save their lives. These 800,000 once had cancer and were cured. Cancer affects rich and poor, office, plant and professional men alike. That's why they stand shoulder to shoulder in the great Crusade to wipe out cancer. Men and women stricken with cancer lose many millions of dollars in earnings and in hospital bills. Yet (continued on page 2)