USA > Massachusetts > Essex County > Newburyport > City Officers and the Annual Reports to the City Council of Newburyport 1920 > Part 3
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A. E. Cutter
150.50
S. W. Marston 185.50
E. S. Moseley 185.50
W. O. Moseley 415.13
E. H. Stickney 475.14
J. M. Bradbury
48.05
C. M. Bradstreet
45.50
$ 2,214.52
Payments
Salary of Librarian $ 1,975.00
Salaries of Assistants
3,165.65
Salary of Janitor 1,123.50
$
6,264.15
BOOKS, PERIODICALS, etc.
Balance from 1919 $ 2,105.68
DEPARTMENT RECEIPTS
Interest on trust fund income $ 47.03
Interest from trust funds :
John J. Currier $ 45.00
W. H. P. Dodge 125.63
Nathan D. Dodge 42.50
J. A. Frothingham 50.00
S. A. Green
90.00
64
ANNUAL REPORT
George Haskell
50.92
M. P. Sawyer
225.00
J. R. Spring
925.00
Benjamin G. Sweetser
237.50
W. C. Todd
657.68
A. Williams
45.00
$ 2,541.26
$ 4,646.94
Payments
Books
$ 1,581.84
Papers
1,133.93
Binding
419.92
Music Books
60.95
Balance December 18, 1920
3,196.14 $ 1,450.80
FUEL
Appropriation
$ 500.00
Payments
Coal
$ 195.53
Balance to general treasury
$ 304.47
LIGHTING
Appropriation
$ 250.00
Payments
Newburyport Gas & Elect Co.
$ 227.31
Balance to general treasury
$ 22.69
MISCELLANEOUS
Appropriation
$ 500.00
Balance forward
200.00
$ 700.00
65
CITY AUDITOR
DEPARTMENT RECEIPTS
Sale of old paper and books $ 29.95
Fines
87.55
Use of telephone
.30
117.80
$ 817.80
Payments
Telephone
$ 30.30
Post office box rent
10.00
Office supplies and stationery
02.15
Printing and advertising
63.75
Insurance 84.00
Lights and repairs on same 41.05
Ash removal, labor
6.00
City teams, ash removal
1.80
Restoring portraits 75.00
Newspapers
6.00
Repairs on roof
28.43
Electrical supplies
12.45
Cleaning
50.00
Plumber and stock
12.90
Mason and stock
33.05
Carpenter and stock
83.37
Rubber treads
31.25
Furniture and cleaning same
40.00
Paint and glass
16.00
Disinfectant 15.00
Repairs on clock
2.50
Repairs on heater
12.67
Janitor's supplies
12.79
$ 774.26
Balance to general treasury
$ 43.54
Hardware 3.80
66
ANNUAL REPORT
RECREATION
CITY PARKS
$ 500.00
Appropriation
467.79
Sale of Material
22.46
Refund
3.30
From general treasury to balance
79.09
$ 1,072.64
Payments
Salaries and wages
$ 752.70
Hardware and equipment
73.48
Trees and plants
99.80
Repairs on park seats
4.20
Street sprinkling
114.90
Stone
19.56
Teaming
8.00
$
1,072.64
ATKINSON COMMON
Appropriation
$ 500.00
Transfer
150.00
$ 650.00
Payments
Supervision and labor $ 568.65
Tools, eqquipment and hardware
36.09
Sharpening lawn mowers
2.50
Street sprinkling
14.40
Preservation of trees commitment
26.70
648.34
-
Balance to general treasury $ 1.66
RIVERSIDE PARK
Appropriation $ 500.00
From Balch Fund
CITY AUDITOR
Payments
Labor as per payrolls
$ 106.00
Hardware
2.62
Trees
12.80
121.42
Balance to general treasury $ 378.58
PLAYGROUNDS
Appropriation
$ 700.00
From general treasury to balence
46.45
$ 746.45
Payments
Supervision of grounds
$ 187.20
Salaries of assistants
124.80
Sporting goods and equipment
35.85
Lumber and hardware
80.99
Repairs on equipment
35.20
Sand
7.00
Labor as per payrolls
58.00
Rent of land
150.00
Personal damages
20.00
Carpenter and stock
47.41
67
1
$ 746.45
68
ANNUAL REPORT
CELEBRATIONS
MEMORIAL DAY
Appropriation
$
350.00
Payments
Quartermaster Post 49, G. A. R. $ 350.00
FIREMENS' MEMORIAL SUNDAY
Appropriation
$ 75.00
Payments
Fire Department, Memorial Committee $ 75.00
AMERICAN DAY CELEBRATION
Transfer
$ 200.00
Payments
Services of band $ 36.80
Use of auto
40.00
Labor on band stands
7.90
American Legion
100.00
$
184.70
Balance to general treasury $ 15.30
69
CITY AUDITOR
UNCLASSIFIED
CITY CLOCKS
Appropriation
$ 150.00
From general treasury to balance
.33
$ 150.33
Payments
Salary of superintendent of clocks $ 146.83
Oil
3.50
Payments
$
150.33
WATER FOR PUBLIC BUILDINGS
Appropriation
$ 1,500.00
Payments
Newburyport Water Works
$ 1,500.00
HARBOR OF REFUGE
Appropriation
$ 1,500.00
Payments
Purchase of dock
$ 1,300.00
Balance to general treasury $ 200.00
OTHER CITY PROPERTY
Appropriation
$ 300.00
Rent of Ward 5 room
120.00
Transfer
100.00
From general treasury to balance
34.50
$ 554.50
Payments
Almshouse, carpenter and stock $ 225.52
Labor and stock on roof, Almshouse 101.83
Hose at almshouse 88.25
70
ANNUAL REPORT
Repairs on Central Church clock
8.80
Repairs on North Church clock 4.00
Hardware . .
.35
Labor and stock on Hill Street fence
87.28
Services civil engineer
38.47
$ 554.50
PROPAGATION OF CLAMS
Appropriation
Payments
$ 148.50
Purchase of calms
Labor seeding clams 87.50
$
236.00
Balance to general treasury
BUILDING PERMITS
Balance
$ 8.00
Permits issued by City Clerk
59.00
$ 67.00
Payments
To Inspector of Buildings
$ 58.00
Balance forward.
$ 9.00
SCHOOL TEACHERS' PENSIONS
From teachers $ 2,988.32
Payments
To Teachers' Retirement Association
$ 2,988.32
RECEPTION TO SOLDIERS AND SAILORS $ 286.48
Balance forward
Payments
Service medals $ 259.45
.45
Hardware
Teaming 7.90
$
267.80
Balance to general treasury
$ 18.68
$ 240.00
$ 4.00
71
CITY AUDITOR JUDGMENT ACCOUNTS Payments
Annie Griffin Case
$
750.00
COUNTY OF ESSEX (Dog account) Dr.
Balance
$ 4.00
UNCALLED FOR CLAIMS
Balance from 1919 $ 76.99
Cr.
By uncalled for claims
60.80
$ 137.79
STATE OF MASSACHUSETTS, SEAL BOUNTY
Dr.
Paid Bounty
$ 2.00
72
ANNUAL REPORT
PUBLIC SERVICE ENTERPRISES
WATER WORKS
Balance, December 20, 1919 $ 532.34
Receipts
Water rates
$51,893.58
Meter rates 12,250.39
Sundry water receipts 482.94
City for fire service and buildings 5,000.00
Miscellaneous maintenance receipts 890.01
Interest on deposits 59.20
$70,576.12
PAYMENTS FOR MAINTENANCE
Pumping station
$13,156.35
Pumping station Artichoke
5,527.26
General maintenance
5,121.36
Hydrant maintenance
2,424.85
Gate manitenance
421.95
Reservoir maintenance
56.28
Meter maintenance 197.36
Service pipe maintenance
5,408.75
Main pipe maintenance 4,850.09
Filter beds maintenance 404.13
Street standpipe maintenance
33.20
Artichoke river maintenance
37.12
Automobile
591.53
Frog pond system
51.00
Total maintenance
38,281.23
Net earnings
$32,294.89
PAYMENTS FOR DEBT
Bonds retired
$22,000.00
Interest on bonds
8,747.50
$30,747.50
Net income
$1,547.39
Balance
$2,079.73
73
CITY AUDITOR
Receipts
Service pipe construction
$ 332.33
Extension of mains
33.14
$365.47
Payments
New supply $ 78.34
Hydrant construction
51.08
Service pipe construction
889.85
Gate construction
261.05
Meters
97.19
Total paid for new construction $ 1,377.51
Construction paid from earnings $ 1,012.04
$ 1,067.69 Balance Dec. 18, 1920
74
ANNUAL REPORT
CEMETERIES
Appropriation
$ 600.00
Payments
Rent of land for driveway $ 20.00
Hardware
14.00
Use of water
16.50
Plumber and stock
32.26
Labor as per payrolls
438.70
$ 521.46
Balance to general treasury
$ 78.54
75
CITY AUDITOR
INTEREST
Balance from 1919
$ 4,927.45
Appropriation 27,500.00
$32,427.45
REVENUE, CREDITED TO INCOME ACCOUNTS
Interest on overdue taxes and assessments
2,741.48
Interest from water commissioners 8,747.50
On bank deposits 895.48
$ 12,384.46
Payments
Interest on tax notes $ 4,501.09
Interest on bonds, High School
2,975.00
Interest on bonds, Currier School
480.00
Interest on bonds, water
8,537.50
Interest on bonds, Refunding J. V. F.
2,480.00
Interest on bonds, sewer 1,610.00
Interest on bonds, refunding trust notes 215.62
Interest on bonds, New Police Station 520.00
Interest on Fire Dept. Equipment loan
375.72
Interest on reconstruction of Highways loan
652.96
$ 25,347.89 Balance forward
$ 7,079.56
76
ANNUAL REPORT
MISCELLANEOUS
ATWOOD FUND Cr.
$
10.83
From trustees of trust funds
693.46
$
704.29
$10,353.86
Dr.
Cash payments to beneficiaries $ 70.00
Groceries forbe neficiaries 10.00
Glasses for beneficiaries
8.93
Religious purposes as per will
100.00
$. 188.93
Balance December 18, 1920 $ 515.36
BALCH FUND Cr.
From trustees of trust funds $ 467.79
Dr.
$
467.79
BROMFIELD FUND Cr.
From trustees of trust funds $ 450.00
Dr.
Tree Warden and care of trees $ 225.00
Sidewalks and curbings
225.00
$
450.00
DEXTER FUND Cr.
Balance Dec. 20, 1919
$ 100.56
From trustees of trust funds
86.58
Refund
5.00
City Parks
$ 192.14
Balance, Dec. 20. 1919
77
CITY AUDITOR
Dr.
Cash payments to beneficiaries $ 15.00
92.50
Fuel to beneficiaries
107.50
Balance Dec. 18, 1920 $ 84.64
FOLLANSBEE FUND Cr.
$ 211.99
Balance Dec. 20, 1919
284.43
From trustees of trust funds
$. . 496.42
Dr.
80.70
Fuel for beneficiaries
Balance Dec. 18, 1920
$ 415.72
GORWAIZ FUND Cr.
From trustees of trust funds $ 11.35
Dr.
Balance forward
$ 11.35
CHARLES KNIGHT FUND Cr.
From trustees of trust funds $ 22.20
Dr.
$ 22.20
PAUL A. MERRILL FUND
Cr.
From trustees of trust funds $ 67.50
Dr.
School Price, D. C. Wells
45.00
Balance Dec. 18, 1920
$ 22.50
Balance forward
78
ANNUAL REPORT SIMPSON FUND Cr.
From trustees of trust funds $ 1,139.39
Dr.
Street Sprinkling
900.00
Balance Dec. 18, 1920 $ 239.39
R. N. TOPPAN FUND Cr.
From trustees of trust funds
Dr. $ 50.02
School Prize, D. C. Wells
11.25
Balance Dec. 18, 1920 $ 38.77
79
CITY AUDITOR
MUNICIPAL INDEBTEDNESS
Gross city debt December 20, 1919
$543,386.00
DEBTS INCURRED DURING 1920
Revenue notes No. 54-63, discontinued $189,000.00
Highway construction 25,000.00
Notes for reconstruction of State street
15,000.00
$229,000.00
11
DEBTS PAID DURING YEAR
Revenue notes No. 54-61
$139,000.00
Schoolhouse bonds
2,000.00
Trust fund bonds
4,000.00
Water bonds
16,000.00
Police station bonds
2,000.00
Paving State street loan
1,000.00
Reconstruction High and State St. bonds
10,000.00
Reconstruction State St. Newbury line . 2,000.00
Fire Department equipment loan
2,636.00
$178,636.00
Increase in debt during year $ 50,364.00
Gross city debt December 18, 1920 *$50,000 authorized but $25,000 issued. ** $21,500 authorized but $15,000 issued.
$593,750.00
.
80
ANNUAL REPORT CITY DEBTS AND ASSETS
DECEMBER 18, 1920.
Bonds and Notes
Rate
Issued
Due
Amount
High School
3 12p.c.
1902
July 1, 1922
$ 35,000.00
High School
3 1/2 p.c.
1903
Dec. 1, 1923
50,000.00
Refunding
4p.c. .
1909
Nov. 1, 1924
62,000.00
Sewer
3 1/2 p.c. 1901
Sept. 1, 1931
46,000.00
Water
31/2 p.c.
1904
June 1, 1921-34
154,000.00
Water
4p.c.
1908
July 1, 1921-38
45,000.00
Water
4p.c.
1911
Dec. 1, 1921
2,000.00
Water
41/2p.c.
1914
Oct. 1, 1921-44
24,000.00
Refunding Trust Fund
3 34 p.c.
1911
March 1, 1921
3,750.00
Police Building
4p.c.
1911
May 1, 1921-26
12,000.00
Schoolhouse
4p.c.
1910
Nov. 1, 1921-25
10,000.00
Fire Dept. Equipment Recon. State St.
43/8 p.c.
1919
Oct. 24, 1921-23
6,000.00
4.80p.c.
1919
Nov. 1, 1921-29
9,000.00
Recon. State St.
4.65p.c.
1918
Dec. 2, 1921-23
5,000.00
Rec. High & State St.
41/2 p.c.
1919
Nov. 1, 1921-24
40,000.00
Rec. High & State St.
1920
Nov. 1, 1921-25
10,000.00
Rec. High & State St.
1920
Nov. 1, 1921-25
5,000.00
Recon. High St. 6p.c.
April 10, 1921
25,000.00
"Total Bonded Debt
$543,750.00
Loans in anticipation of revenue
50,000.00
Gross debt of City, December 18, 1920
$593,750.00
"Authorized but not yet issued, $31,500.
ASSETS
Taxes of 1918 uncollected
$ 3,052.76
Taxes of 1919 uncollected
16,946.36
Taxes of 1920 uncollected
104,001.14
$124,000.26
Sprinkling Streets 1918 uncollected . $ 109.56
Sprinkling Streets 1919 uncollected
298.43
Eprinkling Streets 1920 uncollected
1,838.75
2,246.74
Preservation of trees, 1918 uncollected . $ .95
Preservation of trees, 1919 uncollected . 31.85
Preservation of trees, 1920 uncollected .
147.35
180.15
Betterments uncollected
150.00
81
CITY AUDITOR
Cash in American Trust Co. $ 4,263.69
Cash in Ocean National Bank
33,595.07
Cash in' Treasurer's Office
772.59
38,631.35
State of Massachusetts, Soldiers' Burial . $ 240.00
State of Massachusetts, State Aid
4,931.00
5,171.00
County of Essex, Dog Account
4.00
Sinking funds 161,186.19
331,569.69
Total net debt Dec. 18, 1919
$262, 180.31
Total net debt Dec. 20, 1919
250,936.43
Increase in net debt
$ 11,243.88
ANNUAL NET DEBT STATEMENT
The following table shows the net debt at the close of each fiscal year beginning with the year 1899:
Year
Net Debt
Increase
Decrease $ 88,720.01
1899
$289,556.47
1900
286,876.59
2,689.88
1901
317,272.13
$ 30,395.54
1902
321,725.39
4,453.26
1903
369,687.30
47,961.91
1904
646,819.16
277,131.86*
1905
671,536.83
24,717.67
1906
630,305.15
41,231.68
1907
596,120.73
34,184.42
1908
586,259.64
9,861.09
1909
589,904.27
3,644.63
1910
541,348.34
48,555.93
1911
507,916.05
33,432.29
1912
518,129.41
3,644.63
1913
464,470.01
53,659.40
1914
471,146.63
6,676.62
1915
426,408.64
44,747.99
1916
360,438.53
65,970.11
1917
295,736.53
64,702.00
1918
253,982.14
41,754.39
1919
250,963.43
3,045.71
1920
262,265.30
11,328.87
*Water Plant acquired in 1904.
82
ANNUAL REPORT
BORROWING CAPACITY December 18, 1920
Additional
Total
Year Valuation
Assessments
Valuation
Abatements
Valuation
1918 $11,455.308
$ 500
$11,455,208
$36,870
$11,418.938
1919 11,708,214
21,200
11,729,414
85,750
11,643,664
1920 11,919,502 2,150
11,921,652
59,770
11,861,882
Average net valuation for three years $11,641,495.
Debt limit 21/2 p.c. of $11,641,495 $291,037.38
*City debt obmitting revenue loans $543,750.00
Debt outside the limit, allowed by Special Acts
Sewer (Acts 1889 and 1900) . .. $ 46,000.00
Water (Acts 1894, 1908, 1913) .. 225,000.00
High Schl. (Acts 1902 Chap. 347) 70,000.00
341,000.00
Debt within the limit
$202,750.00
Total sinking funds .$161,186.19
Less for debts outside the limit
94,564.13
Sinking funds for debt within the limit
66,622.06
Net debt within the limit
136,127.94
$154,909.44
*Authorized but not yet issued
31,500.00
Borrowing capacity Dec. 18, 1920
$123,409.44
83
CITY AUDITOR
SINKING FUNDS
In Hands of Sinking Fund Commissioners. Cash Account
Cash on hand Dec. 20, 1919
. ... . .$ 905.41
Receipts During Year
*Income from investments
$
7,053.79
Premium on investments 749.48
City Appropriations, 1920 2.500.00
Securities sold
12,000.00
$ 22,303.27
Payments
Securities purchased
$ 22,760.72
Accrued interest
305.89
$ 23,066.61
Decrease in cash on hand
763.34
Cash on hand December 18, 1920 .$ 142.01
Investment Accounts
Total securities Dec. 20, 1919 $150,283.40
Securities purchased during year 22,760.72
$173,044.12
Securities sold or matured
12,000.00
Total securities December 18, 1920 $161,044.12
Total Sinking Funds, December 18, 1920
161,186.19
Total Sinking Funds December 20, 1919 151,188.81
Increase
$ 9,997.38 *Includes delinquent interest from B. & M. R. R. Co.
The above funds are appropriated to retire the city debt as follows:
HIGH SCHOOL LOAN
$35,000, 31/2 p.c., due July 1, 1922.
Total funds, Dec. 20, 1919 $ 31,109.83
Appropriation, 1920 300.00
Net income 1920 1,370.03
$ 32,779.86
84
ANNUAL REPORT
Invested
Newburyport High School 3 1/ p.c. bonds, due July 1, 1922
$ 27,000.00
Fitchburg R. R. 31/2 p.c. due Oct. 1, 1921
5,000.00
Five Cent Savings Bank, City
779.86
$ 32,779.86
HIGH SCHOOL LOAN
$50,000, 31/2 p.c. due Dec. 1, 1923
Total funds, Dec. 20, 1919
$ 40,542.90
Appropriation, 1920
800.00
Net income, 1920 1,802.57
$43,145.47
Invested
Newburyport High School 3 1/2
p.c. due Dec. 1
1923
$ 21,000.00
Newburyport Water, 3 1/2 p.c. due June 1,
1922 3-5-8
10,000.00
B. & M. R. R. 31/2 p.c. due June 1, 1923 4,000.00
Bridgeport Bonds, 41/4 p.c. due July 1, 1923
3,000.00
Fitchburg R. R. bonds 31/2 p.c. due Oct. 1, 1921 .
5,000.00
Five Cents Savings Bank 145.47
> 43,145.47
REFUNDING LOAN $62,000, 4 p.c., due Nov. 1, 1924.
Total funds, Dec. 20, 1919 $ 49,807.80
Appropriation, 1920 300.00
Net income 1920 2,465.60
$ 52,573.40
Invested
U. S. Victory Bonds, 434 p.c. due May 20, 1923 .. $ 10,300.00 Everett Bonds, 4 p.c. due Jan. 1, 1924 3,000.00
Bridgeport Bonds, 3 p.c. due Jan. 1, 1924 1,000.00
Newton Bonds, 4 p.c. due Jan. 1, 1924
1,000.00
Flint Bonds, 41/4 p.c. due April 1, 1924 3,000.00
Minneapolis Bonds, 4 p.c. due June 1, 1924
3,000.00
Lawrence Bonds 4 p.c. due July 1, 1924
1,000.00
B. & M. R. R. 4 p.c. due Sept. 1, 1926 5,000.00
Third Liberty Loan, 4 p.c. due Sept. 15, 1928 18,000.00
Five Cents Savings, City 7,273.40
$ 52,573.40
85
CITY AUDITOR
SEWERAGE LOAN
$46,000, 31/2 p.c., due Sept. 1, 1931.
Total fund, Dec. 20, 1919 $ 29,728.28
Appropriation, 1920 1,100.00
Net income 1920
1,859.18
$ 32,687.45
Invested
B. & M. R. R. bonds 6 p.c. due Jan. 1, 1930 .$ 2,000.00
Lake Shore & Michigan R. R. 4 p.c. due May 1, 1931
1,000.00
Newburyport Sewer, 31/2 p.c. due Sept. 1, 1931 26,000.00
Five Cents Savings Bank, City
1,330.11
Institution for Savings, City 2,215.28
Ocean National Bank 142.07
$ 32,687.46
Summary
Fitchburg R. R. 31/2 p.c. due Oct. 1, 1921 $ 10,000.00
Newburyport High School 31/2 p.c. due July 1 1922 27,000.00
Newburyport Water Bonds, 31/2 p.c. due June 1, 1922-3-5-8
10,000.00
U. S. Victory Bonds, 434 p. c. due May 20, 1923 10,300.00
B. & M. R. R. 31/2 p.c. due June 1, 1923 4,000.00
Newburyport High School, 31/2 p.c. due Dec. 1,
1923 21,000.00
Bridgeport Bonds, 414 p.c. due July 1, 1923 3,000.00
Bridgeport Bonds, 4 p.c. due Jan. 1, 1924 1,000.00
Newton Bonds, 4 p.c. due Jan. 1, 1924
1,000.00
Filnt Bonds, 41/4 p.c. due Jan. 1, 1924
3,000.00
Minneapolis Bonds, 4 p.c. due June 1, 1924
3,000.00
Everett Bonds, 4 p.c. due Jan. 1, 1924
3,000.00
Lawrence Bonds, 4 p.c. due July 1, 1924
1,000.00
B. & M. R. R. 4 p.c. due Sept. 1, 1926 5,000.00
1,000.00
Lake Shore & Michigan, 4 p.c. due May 1, 1931 .. B. & M. R. R. Coup bonds, 6 p.c. due June 1, 1930 Newburyport Sewer, 31/2 p.c. due Sept. 1, 1931 .. Five Cents Savings Bank, City
2,000.00
26,000.00
9,528.84
Institution for Savings, City
2,215.28
Ocean National Bank, City 142.07
U. S. 3rd Liberty Loan, 4 p.c. due Sept. 15, 1928 . 18,000.00
$161,186.19
86
ANNUAL REPORT
BONDS DEPOSITED WITH COMMISSIONERS
H. J. McLean, City Marshal, $1,000 Massachusetts Bonding & Insurance Company, expires Jan. 7, 1922.
H. W. Little, City Clerk, $3,000, Massachusetts Bonding & Insurance Company, expires Jan. 6, 1922.
H. S. Noyes, Secretary and Treasurer of Water Works, $5,000, Fidelity and Deposit Co., of Maryland, expires July 10, 1921.
Chas. E. Houghton, Treasurer and Collector, $30,000, London & Lan- cashire G. & A. Co., expires Jan. 7, 1922.
The following is a statement of the condition of said funds:
TRUST FUNDS.
In Hands of the Trustees of Newburyport Trust Funds.
CASH ACCOUNT
Cash on hand, December 20, 1919 .$ 1,695.20
Receipts During Year
Income from investments $ 9,435.02
Nathan D. Dodge Fund
1,000.00
A. Gertrude Cutter Fund
31,946.58
$ 42,381.60
Payments
Purpose donated $ 8,147.30
Added to principal of funds
2,421.07
Dodge Fund invested 1,000.00
Cutter Fund invested
30,168.01
$ 41,736.38
Increase in cash on hand $ 645.22
Cash on hand Dec. 18, 1920 $ 2,340.42
Investment Accounts
Total funds, Dec. 20, 1919 $190,670.30
Interest added to class 1917 fund 4.48
Interest added to class 1918 fund
4.48
Interest added to Foster fund
10.03
87
CITY AUDITOR
Interest added to Follansbee fund
500.00
Interest added to Knight Fund .
7.94
Interest added to Fire Insurance Fund
664.94
Interest added to Atwcod Fund
500.00
Interest added to Cutter Fund
737.14
Gifts -- A. Certrude Cutter Fund
31,946.58
Nathan D. Dodge Fund
1,000.00
$226,045.89
Payments
Gorwaiz Fund
6.80
Total Funds . $226,039.09
Cash on Hand Belong to Following
A. Gertrude Cutter Fund investment account
$
1,778.57
A. Gertrude Cutter Fund income
561.85
88
ANNUAL REPORT
TRUST FUNDS
THE LAW. Chapter 322
An act to provide for the auditing of certain trust funds and accounts. Be it enacted, etc., as follows:
Section 1. It shall be the duty of city and town auditors at least once every year, and so much oftener as they deem it necessary, to audit the ac- counts of the trustees of any property, the principal or income of which, in whole or in part, was bequeathed or given in trust for the benefit of the city or town or any part thereof, or for the benefit of the inhabitants of the city or town or any part thereof, and to examine and estimate the funds, secur- ities, and evidence of property held by such trustees. City and town audi- tors shall include in their annual report a report of such auditing and inves- tigation; and if they discover any fraud or irregualrity they shall immediate- ly report the same to the mayor and treasurer of the city or to the selectmen or treasurer of the town.
Section 2. It shall be the duty of the trustees designated in section one hereof to give city and town auditors free access to their accounts, funds, se- curities and evidence of property; and any such trustee who refuses to ex- hibit his trust accounts, funds, securities and evidences aforesaid shall be sub- ject to a fine of not less than fifty nor more than two hundred dollars.
Section 3. This act shall be construed as applying to property held in trust for public uses. (Approved May 9, 1904.)
Trust funds in which the City of Newburyport and its inhabitants are in- terested may be divided into two classes, viz .: funds bequeathed or given direct to the city, and funds given to special trustees, the income of which is used for the benefits of any of its inhabitants.
The first class is invested by the Trustees of the Newburyport Trust Funds under Chapter 64, Acts of 1917, and the income turned over to the city.
The second class in invested by special trustees appointed by the donor, and such boards fill their own vacancies. It would seem that the city had assumed no responsibility for such funds, and it may be a question if they come under the preceeding law, but such trustees have been request- ed to allow examination of said funds and accounts.
Trust funds held by Trust Fund Commissioners have been verified and the income traced to its proper accounts.
The Atkinson fund, held by special trustees, has not filed its report.
Peabody and Public Library Fands. While the books have not been in- spected, income has been verified, vouchers checked up and principal ac- counted for.
The following is a statement of the condition of said funds:
SCHEDULE OF INVESTMENTS And Purpose For Which Income Is Used
Name of Fund Margaret Atwood
Invested
Date Due
Amount
Income
Purpose
Institution for Savings, City
demand
5,500.00
264.32 Poor and Religious
Five Cents Savings Bank, City
demand
5,500.00
244.54 Poor and Religious
Institution for Savings, City
demand
5,000.00
240.30 Bartlett Mall
Five Cents Savings Bank, City
demand
5,000.00
227.49 Bartlett Mall
Institution for Savings, City
demand
1,000.00
48.05 General use of library
Five Cents Savings Bank, City
demand
1,000.00
45.50 General use of library
Mass. Hospital Life Ins. Co.
demand
10,000.00
450.00 Sidewalks and Trees
Institution for Savings, City
demand
5,000.00
240.30 Schools
Five Cents Savings Bank, City
demand
5,000.00
227.52 Schools
Provident Inst. for Savings, Amesbury demand
5,000.00
227.52 Schools
Class of 1917 N. H. S. U. S. 2nd Liberty Bond 4 per cent
Nov. 15, 1942
100.00
4.12 Memorial
Five Cents Savings Bank, City
demand
14.03
.36 Memorial
Class of 1918 N. H. S. U. S. 3rd. Liberty Bond 41/4 per cent. Sept. 15, 1928
100.00
4.25 Memorial
Five Cents Savings Bank, City
demand
10.24
.23 Memorial
Charlotte C. Cole
Institution for Savings, City
demand
1,000.00
48.05 Supt. of Reading Room
Five Cents Savings Bank, City
demand
1,000.00
45.50 Supt. of Reading Room
Five Cents Savings Bank, City
demand
1,000.00
45.00 N,port and Newbury Books
N'port 31/2 per cent sewer bonds
Sept. 1, 1931
3,000.00
105.00 General use of Library
Five Cents Savings Bank, City
demand
1,000.00
45.50 General use of Library
A. Gertrude Cutter
City of New York, 31% p.c.
Nov. 1, 1953
832.07
35.00 Beautifying the City
Atchison Topeka Santa Fe, 4 p.c.
Oct. 1, 1995
771.06
40.00 Beautifying the City
New Amsterdam Gas, 5 p.c.
Jan. 1, 1948
623.19
50.00 Beautifying the City
New York, Lack., West Ry. 4 p.c. Long ls. R. R. 4 p.c.
July 1, 1931
868.55
40.00 Beautifying the City
Chicago & Eri R. R. 5 p.c.
May 1, 1982
856.52
50.00 Beautifying the City
Baltimore & Ohio R. R. 31/2 p.c.
July 1, 1925
1,664.97
70.00 Beautifying the City
U. S. 4th Liberty Bonds, 414 p.c.
Oct. 1, 1938
12,849.75
234.43 Beautifying the City
Balch
J. M. Bradbury C. W. Bradstreet John Bromfield Moses Brown
CITY AUDITOR
May 1, 1923
941.47
40.00 Beautifying the City
John J. Currier A. E. Cutter
89
Annie D. Davis Timothy Dexter
Nathan D. Dodge W. H. P. Dodge L. M. Follansbee
Daniel Foster
Five Cents Savings Bank, City
demand
231.05
10.03 Books for Library
Joseph A. Forthingham Haverhill Savings Bank
demand
1,000.00
50.00 Books for Library
A. M. Gorwaiz
Five Cents Savings Bank, City
demand
100.00
4.55 Atkinson Common
S. A. Green
Salem Five Cents Savings Bank
demand
2,000.00
90.0℃ Books for Library
George Haskell
Institution for Savings, City
demand
1,072.50
50.9Z Books for Library
Chas. H. Knight
Five Cents Savings Bank, City demand
400.00
17.95 Atkinson Common
Newburyport 31/2 per cent sewer bonds Sept. 1, 1931
4,000.00
140.00 General use of Library
Five Cents Savings Bank, City
demand
1,000.00
45.50 General use of Library
Five Cents Savings Bank, City
demand
1,000.00
45.00 School Prize
Newburyoprt 31/2 per cent sewer bonds Sept. 1, 1931
4,000.00
140.00
General use of Library
Five Cents Savings Bank, City
demand
1,000.00
45.50 General use of Library
Am. Tel & Tel. Co. bonds 4 per cent. July 1, 1929
1,792.50
80.00 General use of Library
Boston & Albany R. R. 4 per cent bond May 1, 1933
1,980.00
80.00 General use or Library
Chicago, B. & Q. R. R. bond 4 per cent March 1, 1958
1,942.50
80.00
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