USA > Massachusetts > Norfolk County > Quincy > Inaugural address of the mayor, with the annual report of the officers of the city of Quincy for the year 1940 > Part 6
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Engineering
94.00
$ 8,643.63
Claremont Avenue
Equipment
$ 18.00
Materials
15.00
$ 33.00
Clement Terrace
Labor
$ 1,761.98
Equipment
629.39
Materials
1,409.28
Recording
13.11
Engineering
76.20
$ 3,889.96
Clay Street
Inspection $ 195.77
Cleverly Court
Labor
$ 3,026.84
Equipment
816.16
Materials
3,056.41
$ 6,889.41
103
AUDITOR'S REPORT
Coddington Street
Inspection
$ 156.33
Common Street
Labor
$ 31952.70
Equipment
1,913.40
Materials
3,100.49
Drain
3.57
Engineering
188.06
$
9,158.22
Curlew Road
Labor
$ 3,045.62
Equipment
1,276.78
Materials
2,517.97
Drain
95.03
Engineering
.. . 67.20
7,002.60 $
Depot Street
Inspection
$ 21.21
Dewson Road
Inspection
$
17.84
Dysart Street
Labor
$ 7,657.41
Equipment
2,245.76
Materials
5,448.02
Engineering
145.17
Recording
9.84
$ 15,506.20
Edwin Street
Inspection
$ 9.73
Elm Street
Inspection
S 15.00
Euclid Avenue
Equipment
S 54.00
Materials
203.40
Inspection
46.20
Land Taking
87.29
$ 390.89
104
CITY OF QUINCY
Gilson Road
Equipment
$ 140.07
Inspection
38.13
$ 178.20
George Road
Labor
$ 3,808.75
Equipment
1,820.45
Materials
3,295.85
Drain
12.12
Recording
15.04
Engineering
101.20
$
9,053.41
Glencoe Place
Materials
$ 647.65
Engineering
53.60
$ 701.25
Germain Avenue
Labor
$ 4,249.66
Equipment
2,092.13
Materials
3,921.67
Engineering
126.49
$ 10,389.95
Grenwold Road
Inspection
$
5.76
Grossman Street
Labor
$ 3,367.58
Equipment
1,464.53
Materials
1,974.08
Drain
213.40
Engineering
106.03
$ 7,125.62
Grove Street
Inspection
$
16.96
Hall Place and Quarry Street $ 222.50
Labor
Equipment
348.50
Inspection
11.78
Engineering
9.90
$ 592.68
105
AUDITOR'S REPORT
Hancock Street
Labor
$ 1,897.41
Equipment
575.25
Materials
1,367.25
Engineering
73.30
$
3,913.21
Harrington Street
Labor
$ 1,666.51
Equipment
396.64
Materials
621.81
Engineering
90.50
$ 2,775.46
Hatherly Road
Inspection
$
15.00
High School Avenue
Inspection
$ 26.38
Land Taking
144.09
Recording
2.06
$ 172.53
Hollis Avenue
Inspection
$ 24.34
Water Department
17.90
42.24
Hudson Street
Materials
$ 81.00
Inspection
84.43
$ 165.43
Hunt Street
Inspection
$
36.11
Kemper Street
Inspection
S 31.20
Liberty Street
Equipment
$ 365.50
Drain
34.55
Inspection
80.37
$ 480.42
106
CITY OF QUINCY
Marshall Street
Equipment
$
123.25
Inspection
19.44
$ 142.69
Miller Stile Road
Labor
$ 3,286.44
Equipment
990.65
Materials
2,999.96
Engineering
130.42
Inspection
56.81
$
7,464.28
Moffat Road
Equipment
$ 66.00
Inspection
25.82
$ 91.82
Morley Road
Equipment
$ 250.00
Materials
58.94
Inspection
24.30
$ 333.24
Murdock Avenue
Equipment
93.00
Inspection
14.65
107.65
Nevada Road
Labor
$ 930.85
Equipment
208.44
Materials
1,385.87
Engineering
82.30
$ 2,607.46
Newport Avenue
Labor
$ 1,271.51
Equipment
365.73
Materials
1,746.95
Engineering
29.52
Inspection
31.39
. . .
$ 3,445.10
107
AUDITOR'S REPORT
Old Colony Avenue
Inspection
$
35.11
Packards Lane
Labor
$ 3,097.51
Equipment
777.84
Materials
103.10
$
3,978.45
Pembroke Street
Equipment
$ 250.00
Inspection
29.63
$ 279.63
Penn Street
Labor
$ 4,666.80
Equipment
1,443.09
Materials
3,312.20
Engineering
166.12
$ 9,588.21
Pray Street
Labor
$ 2,149.77
Equipment
935.75
Materials
1,652.15
Engineering
71.33
$
4,809.00
Putnam Street
Inspection $ 60.51
Ring Avenue
Equipment
$ 54.00
Inspection
29.58
83.58
River Street
Inspection
$
47.03
108
CITY OF QUINCY
Robertson Street
Labor $ 3,716.02
Equipment
1,188.46
Materials
3,871.36
Drain
134.17
Engineering
161.39
$
9,071.40
Russell Street
Labor
$ 1,415.29
Equipment
435.63
Materials
1,128.70
Drains
307.21
Engineering
116.73
Inspection
4.75
$
3,408.31
Samoset Avenue
Labor
$ 5,961.42
Equipment
3,018.73
Materials
4,799.21
$ 13,779.36
Sea Street
Labor
$ 1,255.79
Equipment
213.76
Materials
1,353.72
$
2,823.27
Shelton Road
Recording
S
19.77
Sims Road
Equipment
$ 274.00
Inspection
60.81
$ 334.81
Southern Artery
Labor
S 373.39
Equipment
141.75
Materials
331.10
$ 846.24
109
AUDITOR'S REPORT
Spear Street
Equipment
150.00
Standish Road
Labor
$ 2,731.65
Equipment
1,539.38
Materials
2,600.16
Recording
10.00
Engineering
164.00
$
7,045.19
Verchild Street
Labor
$ 5,740.68
Equipment
2,969.16
Materials
5,384.45
Engineering
216.02
$ 14,310.31
Victory Avenue
Labor
$ 994.70
Equipment
296.14
Materials
784.88
Engineering
56.70
$ 2,132.42
Vine Avenue
Recording
S 4.16
Webster Street
Labor
$ 2,261.39
Equipment
865.49
Material
1,484.96
Drain
103.67
Engineering
125.27
S 4,840.78
Wendell Avenue
Inspection S 28.10
West Squantum Street
Labor
S 8,877.25
Equipment
2.250.31
Materials
1,785.59
Drain
.81
Engineering
274.78
$ 13.188.74
110
CITY OF QUINCY
Willard Street
Labor
$ 237.00
Equipment
517.50
$ 754.50
Willow Street
Equipment
$ 222.83
Inspection
32.00
$ 254.83
$262,770.78
U. S. Grant
Project No. 1112-R Municipal Garage
Retirement of Bonds $ 1,511.03
U. S. Grant Project No. IIII-R Nurses Home
Retirement of Bonds $ 11,000.00
Nurses Home
Contractor
$ 384.20
New Equipment
991.95
Sundry Items
55.88 $ 1,432.03
Water Construction
Labor
$ 27,109.63
Materials
14,499.13
Sharpening
385.64
Freight and Express
33.31
$ 42,027.71
Grand Total
$406,013.98
111
REPORT OF TREASURER
REPORT OF THE CITY TREASURER
January 1, 1941
HON. THOMAS S. BURGIN, Mayor Quincy, Massachusetts
Dear Sir:
I submit herewith, the report of the City Treasurer for the year ending December 31, 1940.
Respectfully, HAROLD P. NEWELL City Treasurer
TREASURER'S STATEMENT Receipts
Cash on Hand January 1, 1940
. $295,023.55
General Revenue:
Taxes 1940
$ 3,074,074.62
Taxes Previous Years
910.011.75
Taxes-Motor Excise
170,033.69
Tax Titles Held by City-Redeemed
113,224.49
Licenses
75,954.50
Permits
2,303.00
Court Fines
1,870.28
Grants and Gifts (Dog Licenses)
5,784.39
State of Massachusetts
614,693.01
Special Assessments :
Sewer Assessments
18,222.89
Sidewalks
1,854.57
Street Betterment
14,292.13
General Government:
Tax Collector and Treasurer-Costs
8,213.07
City Clerk
4,038.46
Police Dept.
185.00
Fire Dept.
132.30
Scaler Weights and Measures
1,057.08
Building Inspector
2,513.05
Engineering-Grade Fees
693.26
Wire Inspector
1,734.56
Gypsy Moth
503.58
Board of Health-Con. Diseases
S04.20
Con. Dis. T.B.
19,667.21
Plumbing Inspector
2,085.75
Milk Licenses
252.00
112
CITY OF QUINCY
Scavenger
1,183.00
Garbage Disposal
6,615.00
Highways
479.59
Welfare Dept.
39,459.63
Welfare-Dependent Children
33,122.40
Welfare-Old Age Assistance
124,122.45
O.A.A. Fed. Grant
171,270.46
Dependent Children Fed. Grant
28,898.92
Hospital Dept.
302,581.02
School Dept.
2,737.04
Trade School Receipts
464.65
School Accts. Rec.
10,148.60
Smith Hughes and Deen Funds (Schools)
5,646.53
Voc. Edu. of Defence Workers
8,098.08
Library Fines etc.
3,251.75
Particular Sewer Receipts (Treas.)
17,284.84
Miscellaneous City
4,382.47
Departmental Refund Account
203.95
Sale of Tax Possessions
8,910.00
Income from Tax Possessed Property
1,524.00
Public Services :
Water Rates 1940
387,684.88
Water Rates prior
3,735.52
Water Liens-Tax Collector
34.731.89
Water Service Connections
14,463.33
Water Receipts-Spec. Acct.
748.83
Cemetery-Care and Sale of Lots
16,088.00
Cemetery Foundations
2,860.24
Interest:
Tax Collector-Taxes and Assessments
29,598.15
City Treasurer-On Tax Titles
7,703.76
Perpetual Care Fund
8,985.40
Other Trust Accounts
8,685.13
Accrued Interest on Bonds
56.36
Premium on Bond Sale
1,507.10
Municipal Indebtedness :
Temporary Loans 1940
2,600,000.00
Loan on Tax Titles
106,000.00
Water Loans
40,000.00
General Loans
533,000.00
Agency, Trust & Deposits:
City Clerk-Dog Licenses-County
7,121.20
Perpetual Care Fund
9,875.00
Other Trust Funds
1,914.65
Deposits-Scavenger
1,416.00
Particular Sewer
16,275.00
Water
5,450.00
Hospital Nurses
390.00
Tax Possessed Property. .
1,626.50
Retirement System
22,808.67
Quincy Hospital Diagnostic Clinic
200.00
.
113
REPORT OF TREASURER
Street Construction-State
1,489.16
Federal Grant Projec. 1518F
14,556.49
Total
$ 9,988,578.03
Transfer
92,000.00
$ 10,080,578.03
Payments :
Paid out on Mayor's Warrants 1940
9,594,284.27
Transfer
92,000.00
Cash on Hand
394,293.76
Total $10,080,578.03
Cash on Hand January 1, 1940 $ 295,023.55
Cash Receipts 1940
9,693,554.48
Cash Payments 1940
9,594,284.27
Cash on Hand December 31, 1940
394,293.76
HAROLD P .. NEWELL, Treasurer
Rock Island Fund
Quincy Savings Bank $1,000.00 Fund. $1.000.00
Income
Unexpended Income January 1, 1940 $ 29.03
Interest recepits 1940 25.15
Balance on hand December 31, 1940 $ 54.18
C. C. Johnson-Turkey Fund
Quincy Savings Bank $2,000.00 Fund $2,000.00
Income
Interest receipts 1940 $ 50.31
Credited to Welfare Department 50.31
Charles E. French Fund
Quincy Savings Bank $3,000.00 Fund . . $3,000.00
Income
Interest receipts 1940
$
75.46
Credited to Burial Department
75.46
114
CITY OF QUINCY
C. C. Johnson-Perpetual Care Lot No. 945 Quincy Savings Bank $ 150.00 Fund. $ 150.00
Income
Interest receipts 1940 $ 3.77
Credited to Burial Department 3.77
George Pierce Fund-Perpetual Care Lot No. 252 Quincy Savings Bank $ 200.00 Fund. $ 200.00
Income
Unexpended Income, January 1, 1940 $ 45.03
Interest receipts 1940 5.03
50.06
Expended
7.00
Balance on hand, December 31, 1940 $ 43.06
Mary Wilson Tucker Fund-Perpetual Care Lot No. 679 Quincy Savings Bank $ 400.00 Fund. $ 400.00
Income
Unexpended Income, January 1, 1940 $ 132.56
Interest receipts 1940
10.06
142.62
Expended 1940
10.00
Balance on hand December 31, 1940
$ 132.62
William S. Williams Fund-Perpetual Care Lot No. 848 Quincy Savings Bank $ 400.00 Fund. $ 400.00
Income
Unexpended Income January 1, 1940 $ 152.75
Interest receipts 1940 10.06
162.81
Expended 1940
10.00
Balance on hand December 31, 1940 $ 152.81
115
REPORT OF TREASURER
Alfred A. Dell-Flower Fund-Lots Nos. 896-898 Quincy Savings Bank $ 200.00 Fund. $ 200.00
Income
Unexpended Income, January 1, 1940 $ 4.42
Interest receipts 1940
5.02
9.44
Expended 1940
5.00
Balance on hand December 31, 1940 $ 4.44
Minnie B. Bent-Flower Fund Lot No. 744 Quincy Savings Bank $ 250.00 Fund. $ 250.00
Income
Unexpended Income, January 1, 1940 $ 5.02
Interest receipts 1940
6.26
11.28
Expended 1940
5.00
Balance on hand, December 31, 1940
$ 6.28
Abraham Rich-Flower Fund Lot No. 548 Quincy Savings Bank $ 176.00 Fund. $ 176.00
Income
Interest receipts 1940 $ 3.67
Expended
3.00
Balance on hand, December 31, 1940 $ .67
Alexander Nugent-Perpetual Care Fund Quincy Savings Bank $ 125.00 Fund $ 125.00
Income
Interest receipts 1940 $ 3.13
Paid Trustees St. Mary's Cemetery 3.13
116
CITY OF QUINCY
Hospital Trust Funds
Quincy Savings Bank $9,453.25 Fund. . $9,453.25 Also Walker-Stetson Co .- Common Capital Stock, Class A 24 shares (par value $50.00 each)
Income
Unexpended Income, January 1, 1940 $8,124.50
Interest receipts 1940 297.80
Balance on hand, December 31, 1940
$8,422.30
Hospital Trust-D. L. Jewell Fund
Quincy Savings Bank $5,000.00 Fund $5,000.00
Income
Unexpended income January 1, 1940 $1,988.82
Interest receipts 1940 125.78
Balance on hand, December 31, 1940
$2,114.60
Hospital Trust Funds-Special
Quincy Savings Bank ... $412.81
Granite Trust Co. Savings 118.63
Quincy Savings Bank ... $423.18 Granite Trust Co. Savings 120.07
531.44
Interest receipts 11.81
$543.25
$543.25
Hospital Trust-Mary Parker Fund
Quincy Savings Bank $5,000.00 Fund. .... $5,000.00
Income
Unexpended Income, January 1, 1940 $ 138.77
Interest receipts 1940 125.78
Balance on hand, December 31, 1940
$ 264.55
117
REPORT OF TREASURER
Hospital Trust-Richard E. Raycroft Fund
Accepted by City Council January 15, 1940) Fund received by City June 1, 1940 $1,505.47 Expended by Hospital Department 1940 154.73
Balance on hand - Quincy Savings Bank December 31, 1940 $1,350.74
Perpetual Care Fund Cash on hand, January 1, 1940 $ 2,026.84
Receipts
Perpetual Care of Lots
$ 9,875.00
Interest receipts 9,008.93
15,615.00 34,498.93
Sale of Bonds
$ 36,525.77
Expenditures
Purchase of Bonds
$ 26,797.01
Accrued interest on bonds
154.39
Income credited to Burial Department
Cash on hand, Dec. 31, 1940
8,854.54 $ 35,805.94 $ 719.83
$ 36,525.77
Analysis of General Fund
Balance, January 1, 1940
$248,290.20
Perpetual Care of Lots 1940
9,875.00
$ 258,165.20
Balance Sheet
Cash on hand $ 719.83
Fund $258,165.20
Investments
257,445.37
$258,165.20
$258,165.20
118
CITY OF QUINCY
Investments
$ 5,000. Atlantic Coast Line R.R. 1st 4s 1952 $ 5,000.00
5,000. Baltimore & Ohio R.R. 1st 4s 1948 4,637.50
2,000. Boston & Albany R.R. Ref. Deb gtd 5s 1963 2,000.00
10,000. Boston & Albany R.R. 1st "A" 41/2s 1943
9,425.69
6,000. Brooklyn Union Gas 1st & Ref "B" 5s 1957
6,300.00
5,000. Central Pacific Railway 4s 1949
3,562.50
10,000. Chicago, Burlington & Quincy R.R. Gen 4s 1958
9,895.36
5,000. Chicago, Indiana & Southern R.R. 4s 1956
4,817.92
1,000.
Chicago & North Western Ry 1st & Ref 5s 2037
494.95
10,000.
Great Northern Railway Co "H" 4s 1946. .. .
9,513.28
5,000.
Great Northern Railway Co. Gen "I" 334s 1967
4,875.00
5,000. Illinois Central Railroad 1st Gold 316s 1951 ..
4,537.50
5,000. Jamestown, Franklin & Clearfield RR 1st 4s 1959 4,756.25
5,000.00
5,000. Louisville & Nashville RR 4s 1960
5,025.00
5,000. Louisville & Nashville RR Paducah & Memphis Div. 1st 4s 1946
4,963.49
2,000.
Monongahela Railway Co. 1st "A" 4s 1960
2,045.00
2,000.
New Jersey Power & Light Co. 1st 412s 1960. .
2,100.00
5,000.
N.Y. Central & Hudson River RR 4s 1942
4,325.83
2,000.
N.Y. Chicago & St. Louis RR Ref "C" 41/2s 1978
1,885.00
9,000.
N.Y. State Electric & Gas Corp. 1st 4s 1965 .. Northern Pacific Railway Ref & Imp "A" 41/2S 2047
5,000.00
5,000. Pennsylvania Electric Co. 1st & Ref 5s 1962 ..
5,181.82
5,000. Peoples Gas Light & Coke 1st & Ref "D" 4s 1961
4,962.50
5,000. Pere Marquette Railway 1st "A" 5s 1956
5,219.30
5,000. Pittsburgh, Cincinnati Chicago & St. Louis RR Co 5s GM "A" 1970
5,356.64
5,000. Savannah Electric & Power Co. 1st Ref F 5s 1955
5.250.00
6,000. Southern Pacific Railroad 1st Ref 4s 1955
6,000.00
5,000. Southern Railway Co. 1st Cons 5s 1994
5,000.00
5,000. Wisconsin Power & Light Co. 1st "A" 4s 1966
4,850.00
8,000. U.S. Treasury 1 1/8s 1943
8,205.00
100 Shares-First National Bank of Boston
4,775.00
200
Shares-National Shawmut Bank of Boston ..
5,237.50
10,000. Abington Savings Bank
10,000.00
10,000.
Braintree Savings Bank
10,000.00
4,000.
Brookline Savings Bank
4,000.00
4,000.
Cohasset Savings Bank
4,000.00
5,000.
Dedham Institution for Savings
5,000.00
5,000.
Granite Trust Company Savings Department. .
5,000.00
15,000.
Hingham Institution for Savings
15,000.00
16,038.
Quincy Savings Bank
16,038.00
5,000. Randolph Savings Bank
5,000.00
7,000. South Weymouth Savings Bank 7,000.00
7,000. Weymouth Savings Bank
7,000.00
$257,445.37
9,209.34
5,000.
5,000. Kings County Lighting 1st Ref 5s 1954
119
REPORT OF TREASURER
REPORT OF THE TREASURER OF THE WOODWARD FUND AND PROPERTY
HON. THOMAS S. BURGIN, Mayor Quincy, Massachusetts
January 1, 1941
Dear Sir :
I submit herewith, the report of the Treasurer of the Wood- ward Fund and Property for the year ending December 31, 1940.
Respectfully, HAROLD P. NEWELL, Treasurer Woodward Fund and Property
STATEMENT
Cash on hand-January 1, 1940
$ 3,276.66
Receipts
Payments on Mortgages
$ 8,972.50
Sale of Securities
11,571.25
20,543.75
Interest and' dividends, stocks and bonds
2,855.57
Interest-Savings Banks
279.61
Interest on mortgages
6,391.44
Rents
7,955.39
Income from Institute
1,214.00
Refund insurance premium-boiler
5.40
18,701.41
Reserved Collections
Interest on Mortgages
1,229.36
Taxes and water accounts
798.46
2,027.82
$ 44,549.64
Expenditures
Purchase of Bonds
$ 17,846.00
Accrued interest on purchase of bonds
287.59
Addition to mortgages (taxes)
151.77
Deposit-Quincy Savings Bank
2,000.00
Administration
80.24
Expense on properties
Gilson Road
26.53
Repairs on Fund owned properties
2,914.59
$ 23,306.72
120
CITY OF QUINCY
Expended by Board of Managers
On Institute-Repairs $ 845.39
Insurance
383.23 1,228.62
Expenses of Institute
Pay Rolls
$ 12,083.32
Books, supplies and sundries
738.41
Fuel
1,795.14
Lighting
290.19
Telephone
65.77
Improvements, repairs and fixtures
608.50
$ 15,581.33
Expense-Reserved Collections
798.46
Cash on hand, December 31, 1940
3,634.51
3
$ 44,549,64
Analysis of Unexpended Income Account
Balance, January 1, 1940
$ 1,506.38
Expenses in excess of receipts
188.13
Balance December 31, 1940
$ 1,318.25
Balance Sheet
Cash
$ 3,634.51
General Fund
$354,647.54
Investments
88,392.81
Unexpended Income 1,318.25
Mortgage Notes
121,246.00
Profit Bond Sales .. 204.22
Institute Land & Building
58,900.00
Property-Gilson Rd.
2,868.64
Property Foreclosed
81,128.05
$356,170.01
$356,170.01
121
REPORT OF TREASURER
Investments
$ 4,000. Baltimore & Ohio R.R. Pittsburgh, Lake Erie & W. Va. Ref. 4s 1941
$ 4,000.00
5,000. Boston & Albany R.R. 1st Mortg "A" 412 1943 4,588.19
5,000.
Empire District Electric Co. 1st & Ref 5 1952 5,000.00
5,000. Great Northern Railway Co. "H" GM Convert. 4s 1946
4,938.28
5,000.
New York Central R.R. Cons "A" 4s 1998 . .
4,837.50
5,000. New York State Electric & Gas Corp. 1st 4s 1965
5,000.00
5,000. Pennsylvania Electric Co. Series H 5s 1962 . .
5,000.00
5,000. Peoples Gas Light & Coke 1st and Ref "D" 4s 1961
4,962.50
5,000.
Pere Marquette Railway 1st "B" 4s 1956
4,967.50
5,000. Southern Pacific Co. Oregon Lines 1st "A" 41/2S 1977
4,887.50
5,000.
Southern Railway Co. St. Louis Div 1st 4s 1951
4,700.52
36
Shares-American Tel & Tel Co.
2,644.85
8 Shares-Boston & Maine R.R. Prior Preference
800.98
66 Shares-Boston & Maine R.R. 1st Pref. "A" ..
7,260.00
27 Shares-Boston & Albany R.R.
4,900.00
135 Shares-Pennsylvania R.R.
7,904.99
5,000. Hingham Institution for Savings
5,000.00
4,500. Quincy Savings Bank
4,500.00
2,500. Weymouth Savings Bank
2,500.00
$ 88,392.81
122
CITY OF QUINCY
REPORT OF THE ADAMS TEMPLE AND SCHOOL FUND
January 1, 1941
HON. THOMAS S. BURGIN, Mayor
Quincy, Massachusetts
Dear Sir:
The report of the Treasurer of the Adams Temple and School Fund for the year ending December 31, 1940, is herewith submitted.
Respectfully, HAROLD P. NEWELL, Treasurer Adams Temple and School Fund
Adams Temple and School Fund
Cash on hand, January 1, 1940
$ 1,070.03
Receipts
Notes secured by mortgages $ 664.30
Sales of bonds 17,479.13
18,143.43
Income
Mortgage Loans
260.83
Stocks and bonds
6,687.56
Savings Bank deposits
1,187.43
Rents
1,460.00
9,595.82
28,809.28
Charles Francis Adams Fund
Income
660.00
$ 29,469.28
Expenditures
Purchase of bonds $ 13,213.13
Accrued interest on bonds purchased 133.15
Additions to mortgages (Taxes) 77.30
Administration of Fund . 493.88
Bonds-Treasurer's Department
10.00
123
REPORT OF TREASURER
Taxes on land-Braintree
3.40
Foreclosed Property expense
5,543.38
$ 19,474.24
Expenses on Property
Adams Academy-Insurance 77.93
Materials and repairs
618.88
Care grounds and building
1,657.73
Foreclosed Property repairs
478.58
2,833.12
Expenditures-School Department
Pay Rolls
2,200.00
Bills covering supplies-Libraries
4,016.75
6,216.75
$ 28,524.11
Charles Francis Adams Fund-Income
Expended by School Department . .
$ 75.00
28,599.11
Cash on hand, December 31, 1940
870.17
$ 29,469.28
Analysis of Unexpended Income Account
Balance January 1, 1940 Expenses in excess of receipts
$ 13,713.73
94.48
$ 13,619.25
Balance Sheet
Caslı $ 870.17
General Fund
$190,801.19
Investments
207,363.01
Unexpended Income
13,619.25
Mortgage Notes
5,987.00
C.F. Adams Fund ..
10,396.88
Property Foreclosed.
7,043.38
Unexpended Income 6,446.24
$221,263.56
$221,263.56
Also various parcels Real Estate-Assessed Valuation .. $136,275.00
124
CITY OF QUINCY
Investments
$ 5,000. Associated Electric Co. Deb 41/2s 1953 $ 4,565.06
5,000. Atchison, Topeka & Santa Fe R R Gen M 4s 1995 Atlantic Coast Line R.R. 1st 4s 1952
5,438.33
5,000.
5,000.00
5,000. Baltimore & Ohio R.R. Pittsbg. Lake Erie & IV. Va Ref 4s 1951
5,000.00
2,000.
Boston & Albany R.R. Main Line 1st 412 1943
2,000.00
8,000. Boston & Albany R.R. Ref. Deb gtd 5s 1963 .
8,000.00
5,000. Boston Elevated Ry 30 yr Deb 5s 1942
5,000.00
1,500. Boston & Maine R.R. 1st Mortg Series R.R. 4s 1960
1,500.00
1,500.
Boston & Maine R.R. Inc Mortg "A" 4% Cum- ulative 1970
1,405.84
5,000.
Brooklyn Union Gas Co. 1st Ref GB 5s 1957. .
5,252.50
5,000.
California, Oregon Power 1st & Ref 4s 1966 . .. Carthage & Adirondack Railway 1st gtd 4s 1981
4,343.39
4,000.
Central Pacific Railway Co. 1st Ref 4s 1949
2,850.00
5,000.
Chicago, Burlington & Quincy R.R. GM 4s 1958 Empire District Electric Co. 1st Ref 5s 1952. .
4,888.51
6,000.
5,000. Great Northern Railway Gen Mortg GB "L" 334s 1967
4,875.00
4,000. Great Northern Railway "G" Con GM 4s 1946
3,985.66
5,000. Illinois Central R.R. St. Louis Div & Term. 31/2 1951
4,513.53
5,000.
Illinois Central R.R. Louisville Div 1st 31/2s 1953
4.575.00
5,000.
Jamestown, Franklin & Clearfield 1st 4s 1959 .. Monongahela Railway 1st Ref A 4s 1960
4,082.50
10,500.
Northern Pacific Railway Ref & Imp "B" 6s 2047
10,132.50
3.000.
N.Y. State Electric & Gas Corp. 1st 41/2s 1980
3.090.00
5,000.
Pennsylvania Electric Co. 1st Ref "H" 5s 1962
5,055.00
5,000.
Pennsylvania Railway Gen M 412s 1965
4,862.50
4,000.
Peoples Gas Light & Coke 1st & Ref "D" 4s 1961
3,900.00
1,000.
Peoples Gas Light & Coke 1st & Ref "D" 4s 1961
952.50
5,000.
Pere Marquette Railway 1st "A" 5s 1956
4,862.50
5,000.
Savannah Electric Power 1st Ref GB "F" 5s 1955
5.200.00
5.000.
Southern Pacific R.R. 1st Ref 4s 1955
4.837.50
5,000. Southern Railway Co. 1st Con 5s 1994
5.050.00
5,000. Wisconsin Power & Light Co. 1st "A" 4s 1966
4.975.00
2 Shares-Boston & Maine R.R. 1st Pref "D".
520.00
37
Shares-Eastern Gas & Fuel Associates Prior Pref
2.927.62
200
Shares-National Shawmut Bank-Boston
5,700.00
10,000. Braintree Savings Bank
10.000.00
5,000. Cohasset Savings Bank
5,000.00
14,000.
Hingham Institution for Savings
14.000.00
9,500.
Quincy Savings Bank
9,500.00
3,500.
South Weymouth Savings Bank
3,500.00
5,000.
Weymouth Savings Bank
5,000.00
5,000.
U.S. Treasury 1 1/8s 1943
5,128.13
$207,363.01
4,962.50
5,000.
6,150.00
4,781.94
4,000.
125
REPORT OF TREASURER
REPORT OF THE TREASURER OF THE CITY OF QUINCY, RETIREMENT SYSTEM
January 1, 1941
HON. THOMAS S. BURGIN, Mayor
Quincy, Massachusetts
Dear Sir :
I present herewith, the report of the Treasurer of the City of Quincy, Retirement System for the year ending December 31, 1940.
Respectfully, HAROLD P. NEWELL City Treasurer
CITY OF QUINCY-RETIREMENT SYSTEM . .
Receipts
Cash on hand January 1, 1940
$ 2,285.22
Deposited by Members
22,808.67
Appropriated by City
24,815.63
49,909.52
Income from Bonds
7,926.04
Sale of Securities
47,819.76
$105,655.32
Expenditures
Warrant Payments
10,720.38
Securities purchased
90,040.45
Accrued interest on securities purchased
554.00
Cash on hand, December 31, 1940
4,340.49
$105,655.32
Statement of Fund
Cash on hand $ 4,340.49 Fund $203,220.75
Investments
198,880.26
$203,220.75
$203,220.75
101,314.83
126
CITY OF QUINCY
Investments
$10,000. Alabama Power Company 1st & Ref 41/2s 1967 $ 10,100.00
5,000. Allegheny Valley Railway G.M. 4s 1942 5,089.59
5,000. Atchison, Topeka and Santa Fe G.M. 4s 1995. . 5,087.50
8,000. Atlantic Coast Line R.R. 1st 4s 1952 7,305.00
5,000.
Baltimore & Ohio R.R. 1st 4s 1948
5,075.52
3,000
Boston & Albany R.R. 312s 1952
2,860.00
2,000.
Boston Elevated Railway 30-yr 5s 1942
2,097.50
10,000.
Chicago, Burlington & Quincy G.M. 4s 1958. .
9,288.28
5,000
Dominion of Canada 4s 1960
4,837.50
5,000.
Dominion of Canada 212s 1945
4,613.28
5,000.
Illinois Central R.R. Ref 5s 1955
5,065.59
5,000.
Kings County Lighting Co 1st & Ref 5s 1954. .
5,250.00
5,000.
Louisville & Nashville R.R. 4s 1960
5,025.00
7,000.
Morris & Essex R.R. 1st & Ref 312s 2000.
6,246.22
10,000.
New York Central, Hudson River Deb 4s 1942
8,826.22
5,000.
New York Central R.R. Cons "A" 4s 1998
4,328.34
10,000
New York State Electric & Gas Corp 1st 41/2S 1980
10,176.31
5,000.
Northern Pacific Railway-Gen Lines S F 3s 2047
3,750.79
8,000.
Pennsylvania Electric Co. 1st & Ref 5s 1962
8,245.00
10,000.
Peoples Gas Light & Coke 1st & Ref "D" 4s 1961
9,835.42
5,000.
Public Service Company of Indiana 4s 1969
5,175.00
5,000.
Southern Pacific Co. Oregon Lines 1st "A" 41/2S 1977
4,900.80
10,000.
Southern Railway Co. St. Louis Div. 1st 4s 1951
8,343.59
5,500.
Springfield Gas & Electric 1st "A" 5s 1957.
5,665.00
15,000.
U.S. Treasury 2s 1942
15,167.50
15,000. U.S. Treasury 34% 1944
15,000.00
10,000.
Virginia Public Service 512s 1946
10,245.00
5,000.
West End Street Railway 5s 1944
5,322.50
6,000.
Wisconsin Power & Light Co. 1st "A" 4s 1966
5,957.81
$198,880.26
127
REPORT OF THE RETIREMENT SYSTEM
REPORT OF THE QUINCY RETIREMENT BOARD
February 28, 1941.
To the HONORABLE THOMAS S. BURGIN, Mayor : Quincy City Hall, Quincy, Massachusetts
The Quincy Retirement Board submits its sixth annual report, being for the year ended December 31, 1940, with appended tables setting forth the financial and statistical results.
In his report for the year, the Actuary of the Retirement Sys- tem commented as follows: "The experience with respect to pension- ers was unfavorable and resulted in a slight decrease in the surplus in the Annuity Reserve Fund. Also, the experience with respect to members with prior service credit was unfavorable, and this un- favorable experience produced an increase in the accrued liability. In a small retirement system, there are apt to be fluctuations in the experience from year to year and unless the results of future years confirm that of the past year, the Board need take no action in the matter."
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