The clothmaker. [volume] (Clinton, South Carolina) 1952-1984, June 15, 1970, Image 1
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VOL. 19, NO. 6
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I ^ Pete
Belcher, 1, and I
Clintex J. A. reports after ]
sent Clintex at the Nationa
Sponsored by Clinton Mills
Clintex Wins t
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rear
Clintex won the Compai
second annual Future Unli
Pete Belcher of Thornwc
gate to the National J A
summer.
Veronna Gilliam, Matilda
Williams, and Ann Yelton,
all Clintex Achievers, were
honored for their perfect
attendance records.
Silas Campbell, Sam Williams,
Mack Parsons, Bill
Hill, Harvey Dickert, and
Barry Whitman were presented
plaques for their
advisory services to Clintex.
Robert H. Yeargin, President
of Yeargin Construction
Company, in addressing
the young achievers, stated:
"Find yourself a job you
pan rpallv pninv " T-To hioc
aiming his remarks at those
preparing to enter the business
world. "Don't let glamour
or money be the sole
guides to your selection of
a profession. Your health
and happiness have more
to do with your life than
anything else.
Yeargin, a native of Gray
Court, added, "Be enthusi
laiiy i^isgy,
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rUDLIMlCKJ BT AND
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tobert Yeargin, r, examine
Belcher was named to repre1
J. A. Convention.
Company of the
Award
ny of the Year award at the
mited Banquet recently.
?11 was named Clintex's deleConvention
in Indiana this
astic about your work. Enthusiasm
is catching and it
pays off. Do more work
and better work than you
have to do. Enthusiasm is
a vital key to success."
It is difficult to assess
the educational value
of the program and its
impact upon the minds of
the young achiever participants.
Junior Achievement is a
system of "learning-by-doing."
Few of us can disagree
with this age old
philosophy in securing
knowledge.
The experiences encountered
in this program will
pay big dividends to those
successfully c o m p 1 c t in g
their J A work. Very few
programs offer such an opportunity
to see "first
hand" how free enterprise
actually works.
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FOR EMPLOYEES OF CLINTON Mil
CM TO ACQ
Clinton Mills President, <
Robert M. Vance, an- i
nounced today that Clinton 1
Mills has entered into an <
agreement with Superior
Knits, Inc., Greensboro, |
North Carolina, under ^
which the two companies !
will merge on June 30. Superior
will operate under ,
its present management as
a division of Clinton Mills. <
Superior Knits, a young ;
and progressive company. !
is one of the leading pro- 1
ducers of double knit fab- <
rics for ladies' and men's (
outer garment manufac- |
turers. Superior, founded
in 1968, early established ,
a good reputation as a fine i
Tax Withholding
Will Be Reduced
Walt Sigman, Clinton
n a.? ti? i
iviiiis controller, reminas
us that we can expect a
slight reduction in Federal
Income Tax withholding
as of July 1, 1970.
The 10 percent Federal
Income Tax surcharge ended
with 1969, but the Tax
Reform Act of 1969 included
a 5 percent surcharge
for the first half of
1970 and no surcharge
thereafter. Also, each ner
sonal exemption will
change from $600 to $650
as of July 1, making an
average of $625 for the year
1970.
The amount of each employee's
tax reduction will
depend upon his earnings,
marital status, and number
of dependents. According
to Mr. Sigman the average
rpHlintinn fr?v nnr
.x.v?v?viiv/ll iv/| V/Ul I
will be around seven percent
(7''). For example, a
married person with three
exemptions and earning
$100 weekly now has $8.47
Federal Income Tax withheld.
On July 1 the amount i
will drop to $7.85.
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IS, CLINTON, S. C.
UIRE SUPERI
quality knitter. Today, it b
is considered to be one of ^
the best fancy double knit ^
operations anywhere. ^
Double knit fabrics have
gained tremendous popu- ti
larity in ladies' wear dur- n
ing the past 4 to 5 years.
In 1966, one out of every c<
10 ladies' outer garments e
[dresses, suits, coats, sports- a
wear, etc.) was made from b
double knit fabrics. Last a
year one out ot every 3 s<
was made from this ma- a
terial. The success of dou- g
ble knits in ladies' apparel
can be attributed to its k
comfortable wear, long life, F
non-wrinkle aspects, and a
the fact that it is machine t<
washable. Forecasts indi- /
cate that men's wear, a b
market virtually untapped c
Vacation Pay Tota
ir ? _i i_ .. _
vctiauwii pay cnecKS IO- 5
tailing $127,859.50 will bo $
distributed to more than 1
1200 eligible Clinton Mills
employees on June 26. v
In December, eligible J
employees received Christ- t
mas vacation pay totalling J
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JUNE, 1970
I0R KNITS
y double knits to date,
rill soon be similarly af?cted
by the introduction
f new machinery which
rill knit a light weight ma:erial
with as fine a texare
as any good quality
len's suit material.
Superior's fabrics will
omplement Clinton's well
stablished range or highly
ccepted woven cotton and
lended apparel fabrics
nd enter it into another
egment of textiles which
lso demonstrates good
rowth potential.
Clinton Mills entered the
nitted fabrics market in
'ebruary when it acquired
substantial financial inerest
in Elastic Fabrics of
Lmerica, a Pennsylvania
ased Raschel knitting
ompany.
1
i
LJl
Is $127,859.50
76,534.49. .making a total of
1197,005.20 for the year
969.
All Clinton Mills Plants
vill stop operations Friday,
fune 26. and resume operaions
midnight, Sunday,
fuly 5.