Historical Newspapers of South Carolina

Below is the OCR text representation for this newspapers page. It is also available as plain text as well as XML.

6 ? OL TIMERS I The 19th Annual Old Timers Banquet will be held at 12:30 p.m., Sunday, December 1, in the Presbyterian College Dining Hall. Stan Finch, Director of Public Relations and Sales Training for Texize Chemicals, Inc., will address the group of active and inactive employees and their guests. A special highlight of the occasion will be the recognition of the Class of 1973-74 Old Timers. Those completing 25 years continuous service with the company since the previous Old Timers Banquet include: PLANT NO. 1 Spinning Louise Meadows, James P. Woodward Weaving Clyde Croy, Homer Lawson, Gholdie W. Simmons PLANT NO. 2 Carding William J. Bailey, Harold C. Stroud Spinning Selma Ballew, Paul E. Foster, Billy R. Heaton, William E. Heaton, Dollie Lusk, Mary C. Martin, Adolphus C. Meadows, Mary R. Turner, Eva Thibadeau Spooling Maggie Burden Wearing Josephine C. Allman, William H. Fowler, Doris M. Gibbs, Glidy Holmes, Franklin .1 T.awcnn tinartiv*?t William H. Rogers, J. W. Walton, Robert S. White Cloth L. C. Gooch Outside Roosevelt Jones Maintenance ITT- A a:_ T v,ai i m.'ciuMi, iii,, nuaim iiawson LYDIA PLANT Carding Van Oxner, Jr. Spinning Charles L. Barlow, Connie Davis, Doris H. Estes, Willies Mae Jolly, Lena E. Mathis 3ANQUET SET ? Spooling Lewis D. Bass, Frank Birchmore Weaving Wallace Bagwell, Trannie Boozer, Cornelia Burdette, Anna Mclnvaille, Grover Mclnvaille Maintenance Lewis C. Burnside, Moses Fleming, Gene Knox, William C. Thrift. Jr. BAILEY PLANT Weaving Fern Hardman Maintenance Robert Cobb Technical Services Ruby L. Lydia, A. C. Young, Jr. A MESSAGE FROM V ^ CLINT \ WHLLS y I I've said this before, but it's important enough to repeat: no Company tctii ijuiiiiiiut-" iu cipcraic emu uo <x good job for itself and its employees unless it is able to make a fair profit. Our Profit Sharing Retirement fund is a good example of the truth of this statement. I was interested to read the other day that in 1973 almost 20,000 businesses failed in this country. Now I can't help but think of this in terms of all those employees that were thrown out of work. Practically all of these business failures were caused by a I.ick of profits; a Business that is making a reasonable profit just doesn't close its doors. The federal government has reported that in recent years one third of all the corporations in the United States made no profit at all. I know you're just as glad as I am that our own Company was able to stay in the profitable "two thirds." As long as everyone does his part. tne unmpany will remain profitable and the Profit Sharing Retirement Fund will continue to grow. Your friend, CLOTHMAKER ^ Consumer Price Index When the press picks up the "latest Consumer Price Index" and shows the "cost of living has jumped over 10%, many people immediately assume their own costs have gone up that much. The { Consumer Price Index contains all sorts Ui Ikviuj uiai die UUL usually uiciuueu in the "average household budget? such as maid service, price of pew boats, the cost of a visit to a psychiatrist, imported wines, etc., etc. There are, in all, some 398 items assigned to five categories which then are "weighted" according to the government's estimate of importance to the "average" householder. They are as follows: Food gets a "weight" of 22.4%; 1 housing gets 33.2 % clothing is 10.6%; transportation 13.9%; and medical care and recreation get 19.5%. None of these attempt to measure how people actually spend their money, they just reflect the current cost of tnose 398 items and services the government says make up the needs of its imaginary "middle class" consumer. Farm residents. professionals and others' "needs" do not enter the urban families' estimates. Neither does the i CPI take into consideration such major factors of economics as the consumer substituting or changing his allocation of "needs" ? when an item gets to a point the consumer decides is too high a price to pay. The CPI is helpful in measuring the increase in cost of living but can be misleading if not properly understood. - *S-& wwng 'Xmtm^ BULK RATE U. S. POSTACE PAID Clinton. S. C. Permit No. 59 Clinton Mills "A Better Place To Work"