USA > Massachusetts > Essex County > Newburyport > City Officers and the Annual Reports to the City Council of Newburyport 1924 > Part 3
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$1,200.00
Balance forward.
287.50
$1,487.50
Payments
Supervision of grounds.
$304.00
Salaries of assistants.
258.40
Salary of physical director
425.00
Prizes .
34.10
Equipment.
77.96
Carpenter and stock .
35.18
Labor as per payrolls.
20.00
$1,154.64
Balance to general treasury
$332.86
65
CITY AUDITOR
CELEBRATIONS
MEMORIAL DAY
Appropriation. $400.00
Payments
Quartermaster, Post 49, G. A. R.
$400.00
FIREMEN'S MEMORIAL SUNDAY
Appropriation.
$75.00
Payments
75.00
FOURTH OF JULY
Transfer
$70.00
Payments
Celebration committee
$70.00
UNCLASSIFIED
City Clocks
Appropriation.
$150.00
Payments
Salary of Superintendent of Clocks.
$150.00
WATER FOR PUBLIC BUILDINGS
Appropriation.
$1,500.00
Payments
Newburyport Water Works
$1,500.00
Fire Department, Memorial Committee.
66
ANNUAL REPORT
TEMPORARY ACCOUNTS
BUILDING PERMITS
Balance
$9.00
Permits issued by City Clerk.
200.00
$209.00
Payments
To Inspector of Buildings.
$209.00
SCHOOL TEACHERS' PENSIONS
From Teachers.
$3,781.00
Payments
To Teachers' Retirement Association.
$3,781.00
UNCALLED FOR CLAIMS
Balance Dec. 15, 1923 ..
$186.26
Cr.
By uncalled for claims during year.
848.88
Balance Dec. 20, 1924.
$1,035.14
COUNTY OF ESSEX (Dog Account)
Balance Dec. 20, 1924. 4.00
STATE OF MASSACHUSETTS, (Seal Bounty)
Payments
3.00
Balance Dec. 15, 1923.
2.00
$5.00
For seals shot .
Receipts
From State of Massachusetts.
$5.00
67
CITY AUDITOR
SALE OF REAL ESTATE
Receipts
From sale of buildings:
Temple St. School.
$2,375.00
Purchase St. School.
3,150.00
Hancock St. School (on account) .
100.00
Bromfield St. School.
3,775.00
Lot, Stanley & Forrester Sts.
60.00
Lot, Merrimac St.
600.00
Lot, Bridge Road.
375.00
$10,435.00
Payments
Services of auctioneer
$128.10
Printing and advertising.
12.75
Surveying and plans.
10.00
Revenue stamps.
17.50
$168.35
Balance forward.
$10,266.65
.
68
ANNUAL REPORT
PUBLIC SERVICE ENTERPRISE
WATER WORKS
Balance December 15, 1923 $9.055.34
MAINTENANCE ACCOUNTS
Receipts
Water rates. $54,766.82
Meter rates. 11,438.25
Sundry water receipts. 203.00
City for fire service and build-
ings. 5,000.00
Miscellaneous maintenance re- ceipts.
410.88
Interest on deposits.
103.60
$71,922.55
1
Payments for Maintenance
Pumping station .. $14,015.18
Pumping station, Artichoke. . 6,067.56
General maintenance. 6,185.51
Hydrant maintenance. 1,003.57
Gate maintenance.
117.44
Reservoir maintenance 561.29
Meter maintenance. 153.78
Service pipe maintenance 2,461.27
Main pipe maintenance. 4,963.54
Filter bed maintenance ..
14,095.84
Artichoke River maintenance 988.88
Automobile .
925.49
Frog Pond maintenance. . 36.45
Total maintenance. $51.575.80
Net earnings.
$20,346.75
69
CITY AUDITOR
Payments for Debt
Bonds retired
$14,000.00
Interest on bonds. 6,467.50
$20,467.50
Deficit after debt requirements
$120.75
Balance
$8,934.59
NEW CONSTRUCTION ACCOUNTS
Receipts
Service pipe construction .
$583.48
Extension of mains.
70.65
$654.13
Payments
Extension of mains.
$257.40
Hydrant construction .
148.48
Service pipe construction
1,993.40
Gate construction.
38.28
Meters.
420.95
Service pipe construction,
Newbury
48.55
New pump.
5,542.01
$8,449.07
Total new construction, pd. from earnings. $7,794.94
Balance, December 20, 1924
$1,139.65
70
ANNUAL REPORT
INTEREST
Appropriation. .
$48,350.00
Accrued interest received .
187.50
$48,537.50
Revenue, Credited to Income Accounts
Interest on overdue taxes and assessments
$4,467.96
Interest from water commissioners.
6,467.50
On bank deposits
2,616.52
$13,551.98
Payments
Interest on:
Plum Island Bridge loan
$1,137.94
High School Bonds
17.50
Currier School Bonds.
160.00
Water Bonds.
6,887.50
Refunding J. V. F. Bonds.
2,480.00
Sewer Bonds.
1,610.00
New Police Station Bonds
200.00
Reconstruction Highway loans.
17,359.75
Central Park and Playgrounds bonds
760.00
New Primary Schoolhouse Bonds. . .
7,883.71
City Hall Heating Plant.
350.00
Revenue Loans.
3,028.25
County of Essex.
50.00
$41,924.65
Balance forward.
$6,612.85
71
CITY AUDITOR
MUNICIPAL INDEBTEDNESS
Gross city debt, December 15, 1923. $874,274.91
Debts Incurred During 1924
Highway construction. $50,000.00
Debts Paid During Year
Refunding Loan
$62,000.00
Schoolhouse Bonds.
2,000.00
Water Bonds.
14,000.00
Police Station Bonds.
2,000.00
Paving State Street Loan.
1,000.00
Recon. High and State St. Bonds
13,000.00
Recon. High Street
28,500.00
Plum Island Bridge Loan.
1,500.00
New Primary Schoolhouse Loan .
9,000.00
Recon. Merrimac Street .
20,000.00
Central Park and Playground Loan.
1,000.00
Wid. and Recon. Merrimac St ...
25,000.00
City Hall Heating Plant.
2,000.00
$181,000.00
Decrease in debt during year .. . . $131,000.00
Gross city debt, Dec. 20, 1924.
$743,274.91
72
ANNUAL REPORT
MISCELLANEOUS
TRUST FUND INCOME
ATWOOD FUND
Cr.
Balance Dec. 15, 1923.
$1,101.77
From trustees of trust funds.
388.65
$1,490.42
Dr.
Cash payments to beneficiaries
$492.00
Balance Dec. 20, 1924.
$998.42
BALCH FUND
Cr.
From trustees of trust funds
$480.60
City Parks.
$480.60
BROMFIELD FUND
Cr.
From trustees of trust funds $500.00
Dr.
Tree Warden and care of trees.
$250.00
Sidewwalks and Edgestones. 250.00
$500.00
COLE FUND
Cr.
From trustees of trust funds $95.55
Dr.
To Public Library Salaries.
$95.55
Dr
73
CITY AUDITOR
DEXTER FUND
Balance Dec. 15, 1923.
$320.06
From trustees of trust funds
86.58
Balance Dec. 20, 1924.
$406.64
FOLLANSBEE FUND
Cr.
Balance Dec. 15, 1923.
$302.30
From trustees of trust funds.
153.92
$456.22
Dr.
$160.85
$295.37
GORWAIZ FUND
Cr.
From trustees of trust funds.
$4.80
To Atkinson Common.
$4.80
CHARLES KNIGHT FUND
Cr.
From trustees of trust funds.
$19.23
To Atkinson Common
$19.23
PAUL A. MERRILL FUND
Cr.
Balance Dec. 15, 1923.
$62.50
From trustess of trust funds.
47.50
Dr. $110.00
School prizes.
$62.50
Balance, Dec. 20, 1924. $47.50
. Fuel for beneficiaries
Dr.
Dr.
74
ANNUAL REPORT SIMPSON FUND Cr.
Balance Dec. 15, 1923.
$77.96
From trustees of trust funds
844.93
$922.89
Dr.
To Street Sprinkling
$900.00
Balance Dec. 20, 1924.
$22.89
TOPPAN FUND
Cr.
Balance Dec. 15, 1923.
$38.15
From trustees of trust funds
11.88
$50.03
Dr.
School Prize
$37.53
Balance Dec. 20, 1924. $12.50
75
CITY AUDITOR
CITY DEBTS AND ASSETS
DECEMBER 20, 1924
Bonds and Notes
Rate
Issued
Due
Amount
Sewer
312%
1901
Sept. 1, 1931
$46,000.00
Water.
312%
1904
June 1, 1925-34
110,000.00
Water
4%
1908
July 1, 1925-38
35,000.00
Water
41/2%
1914
Oct. 1, 1925-44
20,000.00
Police Building . .
4%
1911
May 1, 1925-6
4,000.00
Schoolhouse. . .
4%
1910
Nov. 1, 1925
2,000.00
Rec. State St ....
4.80
1919
Nov. 1, 1925-29
5,000.00
Rec. High and State Streets. .
51/2%
1920
Nov. 1, 1925
2,000.00
Recon. High and State Streets. .
51/2%
1920
Nov. 1, 1925
1,000.00
Rec. High St. .. .
6%
1920
Nov. 1, 1925
10,000.00
Rec. High St .. . .
6%
1921
June 1, 1925-6
30,000.00
Rec. High St .. ..
5.10
1921
Nov. 1, 1925-6
5,000.00
Rec. High St .. ..
4.85
1921
Dec. 1, 1925-6
2,000.00
Plum Is. Bridge Loan.
414%
1922
Dec. 1, 1925-41
25,274.91
Reconstruction
Merrimac St. .
4%
1922
July 1, 1925-27
60,000.00
Central Park and
Playgrounds. .
4%
1922
July 1, 1925-42
18,C00.00
Widen. and recon.
Merrimac St. .
414%
1923
June 1, 1925-33
135,000.00
Widen. and recon.
Merrimac St. .
414%
1923
June 1, 1925-28
20,000.00
Schoolhouse.
414%
1922
Dec. 1, 1925-42
135,000.00
Schoolhouse. . ...
414%
1922
Dec. 1, 1925-42
27,000.00
City Hall Heating
Plant.
414%
1923
Aug. 10, 1925-27
6,000.00
Widen. and recon. Merrimac St. .
41/2%
1923 Dec. 1, 1925-33
45,000.00
$743,274.91
ASSETS
Taxes of 1921 uncollected .. .
$53.00
Taxes of 1923 uncollected .. .
26,305.64
Taxes of 1924 .uncollected ... 120,082.25
$146,440.89
76
ANNUAL REPORT
Sprinkling Streets 1920 un- collected. $99.23
Sprinkling Streets 1921 un- collected. 24.84
Sprinkling Streets 1922 un- collected. 25.94
Sprinkling Streets 1923 un- collected. 100.47
Sprinkling Streets 1924 un- collected. 4,510.98
$4,761.46
Preservation of trees, 1919, uncollected . $2.80
Preservation of trees, 1920,
uncollected. 16.20
Preservation of trees, 1921, uncollected . 17.30
Preservation of trees, 1922, uncollected . 12.10
Preservation of trees, 1923, uncollected. 41.59
Preservation of trees, 1924, uncollected 190.95
$280.94
Betterments uncollected. ...
$24.10
Cash in American Trust Co. $7,457.87
Cash in National Shawmut Bank 7,118.74
Cash in First and Ocean Na- ional Bank .. . 29,558.15
Cash in Merchants National Bank 20,663.07
Cash in Treasurer's office. .. 184.54
$64,982.37
County of Essex Dog Acct.
$4.00
Sinking Funds.
39,690.00
$259,929.76
Total net debt, Dec. 20, 1924.
$483,345.15
Total net debt Dec. 15, 1923. 505,966.24
Decrease in net debt. $22,621.09
$50,000 Water Department Equipmental Loan authorized but not issued.
77
CITY AUDITOR ANNUAL NET DEBT STATEMENT
The following table shows the net debt at the close of each fis- cal year beginning with the year 1899:
Year
Net Debt
Increase
Decrease
1899
$289,556.47
1900
286,876.59
$88,720.01 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
1.907
569,120.73
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
10,213.36
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
1921
279,088.07
16,907.76
1922
308,249.20
29,161.13
1923.
505,966.24
197,717.04
1924.
483,345.15
22,621.09
*Water Plant acquired in 1904
78
ANNUAL REPORT
SINKING FUNDS
In Hands of Sinking Fund Commissioners
Cash on hand Dec. 15, 1923.
$8.85
Receipts during year
Income from investments. $4,206.15
Premium on investments. 433.00
Securities sold and matured
57,587.28
$62,226.43
Payments
Securities purchased .
$112.50
Accrued interest ..
32.78
City to retire Refunding Loan .. 62,000.00
Premium paid.
90.00
$62,235.28
Decrease in cash on hand. $8.85
Cash on hand Dec. 20, 1924. 0.00
Investment Account
Total securities, Dec. 15, 1923.
$97,164.78
Securities purchased during year. 112.50
$97,277.28
Securities sold and matured
57,587.28
Total securities Dec. 20, 1924 $39,690.00
The above funds are appropriated to retire the city debt as follows;
REFUNDING LOAN
$62,000, 4% due November 1, 1924
Total Funds, Dec. 15, 1923 $60,210.48
Net income, 1924. 1,789.52
$62,000.00
Payment to city to retire loan. $62,000.00
79
CITY AUDITOR
SEWERAGE LOAN
$46,000, 312% due Sept. 1, 1931
Total Fund, Dec. 15, 1923
$36,963.15
Net income 1924. 2,726.85
$39,690.00
Invested
Newburyport Water 312%, due June 1, 1925-8. $3,000.00
B. & M. R. R. 4% due Sept. 1, 1926. . . 5,000.00
B. & M. R. R. 6% due June 1, 1930. . . . 2,000.00
Lake Shore & Michigan R. R. 4% due May 1, 1931 .
1,000.00
Newburyport Sewer 312% due Sept. 1, 1931.
26,000.00
Institution for Savings, City 2,690.00
$39,690.00
SUMMARY
Newburyport Water 312% due June 1, 1925-8.
$3,000.00
B. & M. R. R. 4% due Sept. 1, 1926 .. . . 5,000.00
Lake Shore & Michigan 4% due May 1, 1931
1,000.00
B. &. M. R. R. 6% due June 1, 1930. ..
2,000.00
Newburyport Sewer 312% due Sept. 1, 1931 .
26,000.00
Institution for Savings, City.
2,690.00
$39,690.00
BONDS DEPOSITED WITH COMMISSIONERS
J. L. McLean, City Marshal, $1000.00 Massachusetts Bonding & Insurance Co., expires Jan. 1, 1925.
H. W. Little, City Clerk, $3,000.00 Massachusetts Bonding & Insurance Co., expires Jan. 6, 1925.
H. S. Noyes, Secretary and Treasurer of Water Works, $5,000.00 Fidelity and Deposit Co. of Maryland, expires July 10, 1925.
Chas. E. Houghton, Treasurer and Collector, $30,000.00 Mary- land Casualty Co., expires Jan. 7, 1925.
80
ANNUAL REPORT
BORROWING CAPACITY
Additional Total
Year Valuation
Assessments Valuation Abatements
Net Valuation
1922 $12,546.326
$59,000 $12,605.326
$155,400
$12,449.926
1923
12,615,470
11,750 12,627,220
30,400
12,596,820
1924
13,097,062
11,700 13,108,762
83,400 13,025,362
Average net valuation for three years $12,690,700.
$317,267.50 Debt limit 212% of 12,690,700.
*City Debt omitting revenue loans. $743,274.91
Debt outside the limit allowed by Special Acts:
Sewer, (Acts 1889 and 1900)
$46,000.00
Water, (Acts 1894, 1908, 1913)
165,000.00
Plum Island Bridge Loan
25,274.91
Merrimac Street loan. . . 60,000.00
Wid. and Rec. Merrimac St. loan.
155,000.00
New Primary School loan.
135,000.00
Totalloans outside limit $586,274.91
Debt within limit .. ....
$157,000.00
Total Sinking Funds. . .
$39,690.00
Less for debt outside limit. 39,690.00
Sinking funds for debt inside limit. 0.00
Net debt withinthe limit
$157,000.00
Borrowing capacity Dec. 20,1924.
$160,267.50
*Water loan authorized not yet issued $50,000.00
81
CITY AUDITOR
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 accounts 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 bene- fit of the inhabitants of the city or town or any part thereof, and to examine and estimate the funds, securities, and evidence of property held by such trustees. City or town auditors shall include in their annual report a report of such auditing and investigation; and if they discover any fraud or irregularity they shall immediately 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 sec- tion one hereof to give city and town auditors free access to their accounts, funds, securities and evidence of property; and any such trustee who refuses to exhibit his trust accounts, funds, securities and evidences aforesaid shall be subject 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, 1924.)
Trust Funds in which the City of Newburyport and its inhabi- tants are interested may be divided into two classes, viz .: funds be- queathed 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 is 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 be a question if they come under the preceeding law, but such trustees have been requested to allow examination of said funds and accounts.
82
ANNUAL REPORT
TRUST FUNDS
In the hands of the Trustees of Newburyport Trust Funds.
The following is a statement of the condition of said funds:
Cash Accounts
Cash on hand Dec. 15, 1923. $2,882.61
Receipts during year
Lucy G. B. Colby Fund . . .
$669.30
Securities sold.
1,140.72
Income from Investments ..
11,114.04
Premium on refund
56.38
$12,980.44
Payments
Securities purchased
$669.30
Purpose donated ..
8,731.60
Added to principal.
2,037.53
$11,438.43
Increase in cash on hand. $1,542.01
Cash on hand Dec. 20,
1924, deposited in Five
Cent Sav. Bank $4,424.62
INVESTMENT ACCOUNTS
Total Funds, Dec. 15, 1923. $241,768.66
Interest added to Class 1917 fund 5.64
Interest added to Class 1918 fund.
5.43
Interest added to Fire Insurance Fund.
824.11
Interest added to Cutter Fund
1,537.35
Lucy G. B. Colby Fund.
669.30
Interest added to Lucy G. B Colby Fund
19.29
Refund added to investment .
56.38
Total funds
$244,886.16
Less amount of A. Gertrude Cutter income
4,424.62
To.al funds $240,461.51
SCHEDULE OF INVESTMENTS And Purpose For Which Income is Used
Name of Fund
Investment
Date Due
Amount
Income
Purpose
Margaret Atwood.
Institution for Savings, Citv ..
Demand
$5,500.00
$264.32
Poor and Religious
Five Cents Savings Bank, City
Demand
5,500.00
264.33
Poor and Religious
Balch .
Institution for Savings, City . .
Demand
5,000.00
240.30
Bartlett Mall
Five Cents Savings Bank, City.
Demand
5,000.00
240.30
Bartlett Mall
J. M. Bradbury .
Institution for Savings, City .
Demand
1,000.00
48.05
General Use of Library
C. N. Bradstreet ..
Five Cents Savings Bank, City
Demand
1,000.00
48.05
General Use of Library
John Brownfield.
Mass. Hospital Life Ins. Co ..
Demand
10,000.00
500.00
Sidewalks and Trees
Moses Brown.
Institution for Savings, City .
Demand
5,000.00
240.30
Schools
Five Cents Savings Bank, City ..
Demand
5,000.00
240.30
Schools
Provident Institution for Savings, Amesbury.
Demand
5,000.00
227.52
Schools
Class of 1917, N. H. S .. .
U. S. 2nd. Liberty Bond, 414 % .
Nov. 15,
1942
100.00
4.25
Memorial
Five Cents Savings Bank, City ..
Demand
35.30
1.39
Memorial
Class of 1918, N. H. S. . |U. S. 3rd Liberty Bond, 414% .
Sept. 15,
1928
100.00
4.25
Memorial
Five Cents Savings Bank, City ..
Demand
30.72
1.18
Memorial
Lucy G. B. Colby .
Five Cents Savings Bank, City.
Demand
688.59
19.29
Replacement of Old Books
Institution for Savings, City. ..
Demand
1,000.00
47.50
Superintendent Reading Room
Five Cents Savings Bank, City ..
Demand
1,000.00
48.05
Superintendent Reading Room
John J. Currier ..
Five Cents Savings Bank, City ..
Demand
1,000.00
47.50
Newburyport and Newbury Books
A. E. Cutter.
Newburyport 312% Sewer Bonds ..
Sept. 1, 1931
3,000.00
105.00
General Use of Library
Five Cents Savings Bank, City.
Demand
1,000.00
48.05
General Use of Library
A. Gertrude Cutter.
City of New York, 312% ..
Nov. 1, 1953
832.07
35.00
Beautifying the City
Atchison Topeka Santa Fe, 4%
Oct.
1, 1995
771.06
40.00
Beautifying the City
New Amsterdam Gas, 5%
Jan.
1, 1948
623.19
50.00
Beautifying the City
Long Island R. R., 4%
July
1, 1931
868.55
40.00
Beautifying the City
Chicago & Eric R. R. 5% .
May
1, 1982
856.52
50.00
Beautifying the City
Baltimore & Ohio R. R., 312%.
July
1, 1925
1,664.97
70.00
Beautifying the City
American Tel. & Tel. Co., 4% .
July
1, 1929
3,680.00
160.00
Beautifying the City
U. S. 4th Liberty Bonds, 414%
Oct.
15,
1938
12,849.75
637.50
Beautifying the City
U. S. 4th Liberty Bonds, 414%
Oct.
15,
1938
1,433.52
70.13
Beautifying the City
Charlotte C. Cole.
CITY AUDITOR
. 83
84 .
SCHEDULE OF INVESTMENTS And Purpose For Which Income is Used
Name of Fund
Investment
Date Due
Amount
Ineome
Purpose
A. Gertrude Cutter
U. S. 3rd Liberty Bonds, 414% .
Sept. 15, 1928
$1,761.60
$85.00
Beautifying the City
Newburyport Five Cents Savings Bank
Demand
12,449.17
623.19
Beautifying the City
Institution for Savings, City .
Demand
12,209.60
559.87
Beautifying the City
Ocean National Bank, City ..
Demand
000
107.28
Beautifying the City
Annie D. Davis.
Five Cents Savings Bank, City. .
Demand
1,000.00
47.50
Aged Ladies
Timothy Dexter.
Amer. Tel. & Tel. Co., bonds 4%.
July
1929
1,862.50
80.00
Poor
Institution for Savings, City
Demand
137.50
6.58
Poor
Nathan D. Dodge .
4th Liberty Bonds, 414% ..
Oet. 15,
1938
1,000.00
42.50
Books, ete. for Library
W. H. P. Dodge.
Institution for Savings, City
Demand
2,645.00
125.63
Books and papers for Library
Susan M. Donnell
Institution for Savings, City .
Demand
3,000.00
142.50
General Use of Library
L. M. Follansbee
Am. Tel. & Tel. Co. bonds, 4% .
July
1,
1929
2,793.75
120.00
Poor
Demand
206.25
9.89
Poor
Five Cents Savings Bank, City ..
Demand
500.00
24.03
Poor
Daniel Foster
Five Cents Savings Bank, City.
Demand
250.00
12.01
Books for Library
Joseph A. Frothingham.
Haverhill Savings Bank .
Demand
1,000.00
50.00
Books for Library
A. M. Gorwaiz ..
Five Cents Savings Bank, City.
Demand
100.00
4.80
Atkinson Common
S. A. Green .. .
Salem Five Cents Savings Bank.
Demand
2,000.00
90.00
Books for Library
George Haskell.
Institution for Savings, City .
Demand
1,072.50
50.92
Books for Library
Chas. H. Knight.
Five Cents Savings Bank, City.
Demand
400.00
19.23
Atkinson Common
S. W. Marston.
Newburyport, 312% Sewer Bonds
Sept. 1,
1931
4,000.00
140.00
General Use of Library
Five Cents Savings Bank, City.
Demand
1,000.00
48.05
General Use of Library
Paul A. Merrill.
Five Cents Savings Bank, City ..
Demand
1,000.00
47.50
School Prize
E. S. Moseley. .
Newburyport 312%, Sewer Bonds
Sept. 1,
1931
4,000.00
140.00
General Use of Library
Five Cents Savings Bank, City.
Demand
1,000.00
48.05
General Use of Library
W. O. Moseley.
Am. Tel. & Tel. Co. bonds, 4% .
July
1, 1929
1,792.50
80.00
General Use of Library
Boston & Albany R. R., 4% ..
May
1, 1933
1,980.00
80.00
General Use of Library
Chicago, B. & Q. R. R., 4% .
March 1,
1958
1,942.50
80.00
General Use of Library
N. Y. N. H. & H. bonds, 4% .
March 1,
1947
947.50
40.00
General Use of Library
Fitchburg R. R. bonds, 4% ..
May
1, 1925
1,965.00
80.00
General Use of Library
1,
Institution for Savings, City . .
ANNUAL REPORT
SCHEDULE OF INVESTMENTS And Purpose For Which Income is Used
Name of Fund
Investment
Date Due
Amount
Income
Purpose
W. O. Moseley
City of Revere, 41/2%. .
May 15, 1928
1,000.00
45.00
General Use of Library
Demand
406.60
20.69
General Use of Library
M. P. Sawyer. .
Salem Savings Bank .
Demand
5,000.00
225.00
Books for Library
M. H. Simpson.
Am. Tel. & Tel. Co., bonds, 4%.
July
1, 1929
3,585.00
160.00
Sprinkling Streets
Boston & Albany R. R., 4% .
May
1, 1933
3,960.00
160.00
Sprinkling Streets
C. B. & Q. R. R. bond, 4%. .
March 1,
1958
3,885.00
160.00
Sprinkling Streets
N. Y. N. H. & H. bonds, 4% .
July
1955
4,700.00
200.00
Sprinkling Streets
Fitchburg R. R. bonds, 4% ..
March 1,
1927
2,940.00
120.00
Sprinkling Streets
Institution for Savings, City .
Demand
930.00
44.93
Sprinkling Streets
J. R. Spring.
Institution for Savings, City . ..
Demand.
10,000.00
475.00
Books for Library
Demand
10,000.00
475.00
Books for Library
E. H. Stickney.
Old Colony R. R. Co. bond, 4% ..
Dec.
1, 1925
4,712.50
200.00
General Use of Library
Dec.
1,
1925
5,069.65
250.00
General Use of Library
Institution for Savings, City .
Demand
524.01
25.16
General Use of Library
Institution for Savings, City .
Demand
5,000.00
237.50
Books for Library
B. G. Sweetser.
Am. Tel. & Tel. Co., bonds, 4%.
July 1, 1929
1,792.50
80.00
Reading Room
May
1, 1933
1,980.00
80.00
Reading Room
March 1,
1958
1,942.50
80.00
Reading Room
N. Y. N. H. & H. bonds, 4% .
March 1,
1947
1,895.00
80.00
Reading Room
Fitchburg R. R. bonds, 4%.
May
1, 1925
1,965.00
80.00
Reading Room
Institution for Savings, City .
Demand
5,425.00
257.68
Reading Room
R. N. Toppan. .
Institution for Savings, City ..
Demand
250.00
11.88
School Prize
A. Williams. .
Salem Five Cents Savings Bank. .
Demand
1,000.00
45.00
Books for Library
Fire Insurance Fund .. . .
Am. Tel. & Tel. Co. bonds, 4%
July
1,
1929
4,631.25
200.00
Replace Loss by Fire
N. Y. N. H. & II. bonds, 4% .
July
1, 1955
4,825.00
200.00
Replace Loss by Fire
Five Cents Savings Bank, City.
Demand
9,492.92
424.11
Replace Loss by Fire
$240,461.54 $11,114.04
85
CITY AUDITOR
Five Cents Savings Bank, City ..
B. & O. R. R. bonds, 5% ..
W. C. Todd.
Boston & Albany R. R. 4%, bonds.
Chicago B. & Q. R. R., 4% ..
1,
Institution for Savings, City
86
ANNUAL REPORT
TRUST FUNDS
Recapitulation
Funds for:
Funds
Income
Purchase of books, etc. for Library.
$38,967.50
$1,828.56
General use of library
39,340.26
1,668.60
Reading room supplies.
15,000.00
657.68
Reading room salary
2,000.00
95.55
Funds for local books
1,000.00
47.50
Funds for replacement of Old Books. .
688.59
19.29
Benefit of schools.
15,000.00
708.12
Sprinkling of streets.
20,000.00
844.93
Sidewalks and trees
10,000.00
500.00
Benefit of Poor.
5,500.00
240.50
Municipal Fire Insurance.
18,949.17
824.11
Bartlett Mall.
10,000.00
480.60
School Prize
1,250.00
59.38
Religious work and poor
11,000.00
528.65
Atkinson Common.
500.00
24.03
Aged Ladies
1,000.00
47.50
Memorial.
266.02
11.07
Beautifying the city
50,000.00
2,527.97
$240,461.54
$11,114.04
87
CITY AUDITOR
BUDGET FOR 1925
Average valuation for three years. $12,690,700.00
Available for appropriatiion under $22 limit. 279,195.00
Estimated income. . 89,380.00
Income from trust funds. 3,100.00
Outside the limit, (water).
5,000.00
Available for departments
$376,675.00
Appropriation for indebtedness
121,468.50
Total amount available for appropriation
$498,143.50
GENERAL GOVERNMENT
City Council, Salary of clerk $400.00
Other expenses.
1,200.00
Mayor's Department, Salary .
1,200.00
Other expenses. 250.00
Auditor's Department, Salary .
1,500.00
Clerical assistance.
800.00
Other expenses.
200.00
Treas. and Collector's Dept. Salary
2,200.00
Salary of clerk.
1,200.00
Other expenses . 600.00
Assessors' Dept. Salary of 3 assessors 4,200.00
Salary of clerk. 400.00
Other expenses .
1,400.00
Expense of Bond and Note Issue.
150.00
City Clerk's Dept. Salary .
2,350.00
Other expenses. 200.00
City Messenger, salary .
1,350.00
Law Department, salary city solicitor
500.00
Other expenses 350.00
Elec. and Regis. salary 4 registrars.
600.00
Other expenses
2,200.00
City Hall.
3,800.00
Indexing Old Records and Typewriting. .
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