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 1943 > Part 3
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Interest
13,359.20
Maintenance
35,853.26
68,195.06
Metropolitan Water:
Bonds
$64,653.19
Interest
59,968.13
Maintenance
70,747.19
Brookline Cr.
5,658.39
201,026.90
Auditing Municipal Accounts
37.15
Smoke Inspection
1,874.41
Metropolitan Parks-Nantasket
2,378.83
$412,529.82
Bonds and Interest
General Debt
$645,000.00
Water Debt
40,000.00
General Interest
59,169.59
Water Interest
1,800.00
Temporary Loan Interest
9,319.57
Premium on Bonds
50.00
$755,339.16
Agency and Trust
Perpetual Care Income
$220.64
Cemetery Trusts Income
33.51
Retirement Fund Income
12,322.80
Tax Collector's Cash Advance
400.00
Tax Possessions Deposits
4,734.49
Hospital Trust Fund
35.94
Departmental Refunds
153.24
Victory and Withholding Tax
195,415.42
Tax Refunds
8,281.92
Old Age Assistance Refunds
326.93
Collections for State
3,190.75
Collections for County
6,258.40
Perpetual Care Funds
13,665.00
Retirement Board
25,880.65
Trusteed Accounts
63.34
Cesspool and Vault Deposits
1,494.00
Particular Sewer Deposits
10,175.00
Water Deposits
2,275.00
Hospital Deposits
430.00
46
CITY OF QUINCY
Non-Revenue Accounts
Sewer Construction
$72,984.68
Town River Improvement
507.20
Defense Council
22,885.29
Defense Council Salaries
1,000.00
Highway-New Equipment
2,588.08
Street Construction
6,990.53
Quincy Point Fire Station
76.00
Fire Equipment
25,020.00
Hospital Building-Foundation
9,869.66
Hospital Building-Super Structure
43,090.55
Water Construction
20,640.54
Total
$205,652.53
REPORT OF TREASURER
47
REPORT OF THE TREASURER
January 1, 1944
HON. CHARLES A. Ross, Mayor, Quincy, Massachusetts.
Dear Sir:
I submit herewith, the report of the Treasurer of the City of Quincy for the year ending December 31, 1943.
Respectfully, THOMAS J. MCGRATH, City Treasurer.
TREASURER'S STATEMENT Receipts
Cash on hand January 1, 1943
$1,022,096.44
General Revenue
Taxes 1943
3,563,247.45
Taxes Previous Years
439,574.33
Taxes-Motor Excise
118,503.70
Tax Titles Held by City-Redeemed
33,338.99
Licenses
71,333.00
Permits
2,118.00
Court Fines
3,693.50
Grants and Gifts (Dog Licenses)
5.775.52
State of Massachusetts
720,510.99
Special Assessments
Sewer Assessments
16,505.71
Sidewalks
179.06
Street Betterment
9,910.32
General Government
Tax Collector and Treasurer-Costs
4,283.33
City Clerk
3,178.28
Police Dept.
1,583.50
Fire Dept.
110.11
Sealer Weights and Measures
837.03
Building Inspector
1,443.65
Engineering-Grade Fees
232.62
Wire Inspector
1,146.35
Gypsy Moth
805.83
Board of Health-Con. Diseases
749.50
Con. Dis. T. B.
17,235.81
Plumbing Inspector
1,269.00
Milk Licenses
197.00
Scavenger
1,499.13
Garbage Disposal
12,640.00
Highways
2,040.96
Welfare Dept.
11,772.06
Welfare-Dependent Children
47,259.83
48
CITY OF QUINCY
Welfare-Old Age Assistance
179,231.35
O. A. A. Federal Grant
185,171.59
Dependent Children Fed. Grant ...
23,452.48
Hospital Dept.
496,779.78
School Dept.
1,221.85
Trade School Receipts
661.90
School Accts. Rec.
7,842.63
Smith Hughes and Deen Funds
3,589.94
Voc. Edu. of Defense Workers-Federal
66,512.25
Library Fines etc.
4,355.85
Particular Sewer Receipts (Treas.)
11,645.73
Miscellaneous City
15,705.91
Departmental Refund Acct.
217.32
Sale of Tax Possessions
20,172.20
Income from Tax Possessed Property
659.00
Public Services
Water Rates 1943
459,235.11
Water Rates prior
5,681.17
Water Liens-Tax Collector and Treasurer
21,810.44
Water Service Connections
11,919.61
Cemetery-Care and Sale of Lots
24,576.00
Cemetery Foundations
2,623.97
Interest
Tax Collector-Taxes and Assessments
15,038.24
City Treasurer-On Tax Titles
2,136.11
Perpetual Care Fund
9,792.90
Other Trust Accounts
13,028.51
Municipal Indebtedness
Temporary Loans 1943
1,900,000.00
General Loans
14,000.00
Agency, Trust and Deposits
City Clerk-Dog Licenses (County)
6,187.00
City Clerk-Hunters' Licenses (State)
3,717.75
Perpetual Care Fund
13,665.00
Other Trust Funds
335.75
Deposits-Scavenger
1,494.00
Particular Sewer
10,375.00
Water
2,225.00
440.00
Hospital Nurses Tax Possessed Property
5,093.06
Retirement System
25,880.65
Victory and Withholding Tax
195,415.42
Hospital Project, 19-150
32,500.00
Fire Equipment Project 19-121
12,420.00
Town River Improvement Refund
12,578.62
U. S. Nurses Cadet Corps
29,709.05
TOTAL
$9,964,168.14
Transfer
48,970.00
$10,013,138.14
49
REPORT OF TREASURER
Payments
Paid on Mayor's Warrants 1943 Transfer
Cash on Hand
$8,829,677.75 48,970.00 1,134,490.39
TOTAL
$10,013,138.14
Cash on hand January 1, 1943
$1,022,096.44
Cash receipts 1943
8,991,041.70
Cash expenditures 1943
8,878,647.75
Cash on hand December 31, 1943
1,134,490.39
THOMAS J. MCGRATH, Treasurer.
Rock Island Fund
Fund-Quincy Savings Bank
$1,000.00
Unexpended income, January 1, 1943 $94.38
20.10
Balance on hand, December 31, 1943 $114.48
C. C. Johnson - Turkey Fund
Fund-Quincy Savings Bank
$2,000.00
Interest receipts 1943
$40.20
Credited to Welfare Department
40.20
Charles E. French Fund
Fund-Quincy Savings Bank
$3,000.00
Interest receipts 1943 $60.30
Credited to Burial Department
60.30
George Pierce Fund - Perpetual Care Lot No. 252
Fund-Quincy Savings Bank
$200.00
Unexpended income January 1, 1943 ... $37.10
Interest receipts 1943
4.02
$41.12
Expended 1943
7.00
Balance on hand, December 31, 1943 $34.12
C. C. Johnson Fund - Perpetual Care Lot No. 945
Fund-Quincy Savings Bank
$150.00
Interest receipts 1943
$3.01
Credited to Burial Department
3.01
Mary Willson Tucker Fund - Perpetual Care Lot No. 679 Fund-Quincy Savings Bank
$400.00
Unexpended income January 1, 1943 ... $138.70
Interest receipts 1943
8.04
$146.74
Expended 1943
5.00
Balance on hand, December 31, 1943 $141.74
Interest receipts 1943
50
CITY OF QUINCY
William S. Williams Fund - Perpetual Care Lot No. 848
Fund-Quincy Savings Bank
$400.00
Unexpended income January 1, 1943 $150.89
Interest receipts
8.04
$158.93
Expended 1943
8.00
Balance on hand, December 31, 1943 $150.93
Alfred A. Dell - Flower Fund - Lots No. 896-898
Fund-Quincy Savings Bank
$200.00
Unexpended income, January 1, 1943 .... $4.48
Interest receipts 1943
4.02
Expended 1943
4.00
Balance on hand, December 31, 1943 $4.50
Minnie B. Bent - Flower Fund - Lot No. 744
Fund-Quincy Savings Bank
$250.00
Unexpended income, January 1, 1943 ... $8.28
5.00
Expended 1943
5.00
Balance on hand, December 31, 1943 $8.28
Abraham Rich - Flower Fund - Lot No. 548
Fund-Quincy Savings Bank
$176.00
Unexpended income, January 1, 1943
$3.23
Interest receipts 1943
3.53
Expended 1943
2.00
Balance, December 31, 1943 $4.76
Alexander Nugent - Perpetual Care Fund
$125.00
Interest receipts 1943 $2.51
Paid Trustees St. Mary's Cemetery
2.51
Hospital Trust Funds
Funds-Quincy Savings Bank
$9,453.25
Also 24 shares Walker-Stetson Co. Common stock (Capital) Class A (Par value $50.00 each)
Unexpended income, January 1, 1943 .. $9,042.30
Interest receipts 1943 310.00
Balance on hand, December 31, 1943 $9,352.30
$8.50
Interest receipts 1943
$13.28
$6.76
Fund-Quincy Savings Bank
REPORT OF TREASURER
51
Hospital Trust - D. L. Jewell Fund
Fund-Quincy Savings Bank
Unexpended income, January 1, 1943 $2,315.60
Interest receipts 1943 .. 100.50
Balance on hand, December 31, 1943 $2,416.10
Hospital Trust Funds - Special
Quincy Sav. Bank .. $440.32
Quincy Sav. Bank $449.15
Granite Trust Co.
Granite Trust Co. Savings
123.67
$562.79
Interest receipts 1943 10.03
$572.82
$572.82
Hospital Trust - Mary Parker Fund
Fund-Quincy Savings Bank
$5,000.00
Unexpended income, January 1, 1943 .. $465.55
Interest receipts 1943
100.50
Balance on hand, December 31, 1943 $566.05
Hospital Trust - Richard E. Raycroft Fund
Fund-Quincy Savings Bank
$1,295.96
Fund, January 1, 1943
$1,320.08
Interest receipts 1943
25.91
$1,345.99
Expended 1943
50.03
Balance on hand, December 31, 1943 $1,295.96
Perpetual Care Fund RECEIPTS
Cash on hand, January 1, 1943
$1,903.58
Perpetual Care of Lots
$13,665.00
Interest receipts
9,792.90
Sale of Bonds
23,140.00
46,597.90
$48,501.48
EXPENDITURES
Purchase of bonds
$37,437.49
Accrued interest on bonds
220.64
Income credited to Burial Department 9,572.26
$47,230.39
Cash on hand, December 31, 1943
1,271.09
$48,501.48
$5,000.00
Savings 122.47
%
52
CITY OF QUINCY
ANALYSIS OF FUND .
Fund, January 1, 1943 $281,509.76 Perpetual Care of Lots 1943 13,665.00 $295,174.76
BALANCE SHEET
Cash on hand, December 31, 1943 $1,271.09 Investments 293,903.67
Fund, December 31, 1943
$295,174.76
53
REPORT OF TREASURER
Investments
$ 3,000 Atchison, Topeka & Santa Fe 1st Mortg. 4-1958 $ 3,200.00
5,000 Atlantic Coast Line R. R. 1st 4, 1952 5,000.00
5,000 Baltimore & Ohio R. R. 1st 4, 1948 4,637.50
2,000 Boston & Albany R. R. Ref. Deb. gtd. 5, 1963 2,000.00
6,000 Brooklyn Union Gas 1st & Ref. "B" 5, 1957 .. 6,285.00
2,000 Cambria & Clearfield R. R. GM 4, 1955 2,050.00
5,000 Central Pacific Railway 4, 1949
3,562.50
10,000 Chicago, Burlington & Quincy R. R. Gen. 4, 1958 9,895.36
5,000 Chicago, Indiana & Southern R. R. 4, 1956 ..
4,817.92
1,000 Chicago & North Western Ry. 1st & Ref. 2, 2037
200.00 6,910.00
7,000 Great Northern Ry. GM "G" 4, 1946
10,000 Great Northern Ry. 51/2, 1952
11,262.49
5,000 Great Northern Ry. Gen. "I" 334, 1967
4,875.00
5,000 Illinois Central Railroad 1st GB 31/2, 1951.
4,537.50
5,000 Jamestown, Franklin & Clearfield R. R. 1st 4, 1959
4,756.25
5,000 Kings County Lighting 1st Ref. 5, 1954
5,000.00
1,000 Kings County Lighting Co. 1st Ref. 61/2, 1954
1,000.00
4,000 Louisville & Nashville R. R. 4, 1960
4,000.00
5,000 Louisville & Nashville R. R .- Paducah & Memphis Div. 1st 4, 1946
4,963.49
5,000 Metropolitan Edison Co. 1st "G" 4, 1965 5,250.00
1,000 New Jersey Power & Light Co. 1st 41/2, 1960
1,025.00
10,000 New York Central & Hudson River R. R. GB 31/2, 1997 7,525.16
2,000 New York, Chicago & St. Louis R. R. Ref. "C" 41/2, 1978
1,885.00
5,000 Norfolk & Carolina R. R. 2nd GB 5, 1946
5,000.00
5,000 Northern Pacific Ry. Ref. & Imp. "A" 41/2, 2047
5,000.00
5,000 Oregon Short Lines 1st GB 5, 1946
5,100.00
10,000 Oregon, Washington R. R. & Navigation Co. 1st & Ref. 4, 1961
10,640.00 5,175.00
5,000 Pittsburgh, Cincinnati, Chicago & St. Louis R. R. 5 GM A, 1970 5,315.00
5,000 Savannah Electric & Power Co. 1st Ref. "F" 5, 1955
5,210.00
6,000 Southern Pacific R. R. 1st Ref. 4, 1955
6,000.00
5,000 Southern Railway Co. 1st Cons. 5, 1994 5,000.00
2,000 Toledo Edison Co. 1st 31/2, 1968 2,175.00
5,000 U. S. Treasury 11/2, 1947 5,000.00
4,000 U. S. Treasury 2, 1951-53
4,000.00
5,000 U. S. Treasury "G" 21/2, 1955 5,000.00
5,000 U. S. Treasury "G" 21/2, 1955 5,000.00
2,800.00
6,000 U. S. Treasury, 21/2, 1968
6,000.00
3,800 U. S. Treasury 21/2, 1972 ....
3,800.00
4,775.00 200 Shares-National Shawmut Bank of Boston 5,237.50
10,000.00
10,000 Abington Savings Bank
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 Pere Marquette Railway 1st "A" 5, 1956
2,800 U. S. Treasury 2, 1955
100 Shares-First National Bank of Boston
54
CITY OF QUINCY
5,000 East Weymouth Savings Bank 5,000.00
5,000 Granite Trust Company-Savings Dept. 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
$293,903.67
REPORT OF TREASURER
55
REPORT OF THE TREASURER OF THE WOODWARD FUND AND PROPERTY
January 1, 1944
HON. CHARLES A. Ross, Mayor, Quincy, Massachusetts.
Dear Sir:
I submit herewith, the report of the Treasurer of the Wood- ward Fund and Property for the year ending December 31, 1943.
Respectfully, THOMAS J. MCGRATH, Treasurer, Woodward Fund and Property.
STATEMENT
Cash on hand, January 1, 1943
....
$3,316.65
Receipts
Payments on mortgages
$4,040.00
Sale of securities
6,600.00
Sale of foreclosed property
4,250.00
14,890.00
Interest and dividends-stocks and bonds
$4,084.83
Interest-Savings Banks
145.05
Interest on mortgages
6,568.49
Rents
6,036.03
Income from Institute
1,261.17
Return insurance premium
20.40
Withholding Tax
18,115.97 615.69
Reserved Collections-
For taxes and water accounts
1,546.29
$38,484.60
Expenditures
Purchase of securities
$14,175.69
Accrued interest on bonds purchased
26.67
Expense on Fund Owned Property
799.70
Administration
59.35
Expense on properties
Gilson Road
19.50
General repairs on Fund Owned property
951.91
Withholding Tax
$16,032.82 615.69
56
CITY OF QUINCY
Expended by Board of Managers
On Institute
Repairs
$524.80 368.82
Insurance
On Institute
New stokers- From Unexpended Income Account
1,461.12
Expenses of Institute
Pay Rolls
$11,918.36
Books, supplies and sundries
446.46
Fuel
1,650.17
Lighting
175.98
Telephone
50.69
Improvements, repairs and fixtures
623.78
Expense-Reserved Collections
1,546.29
Cash on hand, December 31, 1943
3,069.62
$38,484.60
Unexpended Income Account
Balance, January 1, 1943
$2,094.23
Unexpended income 1943
1,299.48
$3,393.71
Expense on Institute
1,461.12
Balance December 31, 1943
$1,932.59
Balance Sheet
Cash
$3,069.62
General Fund
$347,478.99
Investments
115,611.24
Mortgage Notes
114,595.00
Unexpended Income
1,932.59
Institute Land
and Building
58,900.00
Property-
Gilson Road
2,868.64
Prop. Foreclosed ..
54,367.08
$349,411.58
$349,411.58
-
$893.62
$14,865.44
57
REPORT OF TREASURER
Investments
$ 4,000 Baltimore & Ohio R.R .- Pittsburg, Lake Erie & W. Va. Ref. 4, 1951 $4,000.00
5,000 Cambria & Clearfield R. R. GM 4, 1955 5,000.00
5,000 Empire District Electric Co. 1st Ref. 5, 1952 5,000.00
5,000 Great Northern Railway Co. "H" GM Con- vert. 4, 1946
4,938.28
5,000.00
5,000 Kings County Lighting Co. 1st Ref. 5, 1954 10,000 New York Central & Hudson River R. R. GB 31/2, 1997
7,593.43
5,000 New York Central R. R. Cons. "A" 4, 1998
4,837.50
5,000 Northern Pacific Ry. Co. 4, 1997
4,506.94
5,000 Pere Marquette Railway 1st "B" 4, 1956
4,967.50
5,000 Pittsburgh, Cincinnati & St. Louis R. R. 5, 1975
5,125.00
5,000 Southern Pacific Co. Oregon Lines 1st "A" 41/2, 1977
4,887.50
5,000 Southern Railway Co. St. Louis Div. 1st 4, 1951
4,700.52
2,000 Toledo Edison Co. 31/2, 1968
2,175.00
10,000 U. S. Treasury 21/2, 1968
10,000.00
4,500 U. S. Treasury 21/2, 1972
4,500.00
36 Shares-American Tel. & Tel. Co.
2,644.85
8 Shares-Boston & Maine R. R. Prior Pref- erence
800.98
66 Shares-Boston & Maine R. R. 1st Pref. "A"
7,260.00
27 Shares-Boston & Albany R. R. 4,900.00
75 Shares-First National Bank of Boston
3,656.25
5 Shares-Merchants National Bank of Boston 135 Shares Pennsylvania R. R.
1,375.00
75 Shares-National Shawmut Bank of Boston
1,837.50
2,000 East Weymouth Savings Bank
2,000.00
5,000 Hingham Institution for Savings
5,000.00
500 Quincy Savings Bank 500.00
500 Weymouth Savings Bank 500.00
$115,611.24
7,904.99
58
CITY OF QUINCY
REPORT OF THE ADAMS TEMPLE AND SCHOOL FUND
January 1, 1944
HON. CHARLES A. Ross, Mayor, Quincy, Massachusetts.
Dear Sir:
The report of the Treasurer of the Adams Temple and School Fund for the year ending December 31, 1943, is submitted here- with.
Respectfully, THOMAS J. MCGRATH, Treasurer, Adams Temple and School Fund.
ADAMS TEMPLE AND SCHOOL FUND
Cash on hand, January 1, 1943 $2,306.94
Receipts
Notes secured by mortgages
$225.00
Sale of bonds
14,105.00
On foreclosed property
120.00
$14,450.00
Income
Mortgage Loans
$263.24
Stocks and bonds
6,077.48
Savings Bank deposits
1,034.89
Rents ..
2,184.00
Withholding Tax
$9,559.61 287.67
$26,604.22
Charles Francis Adams Fund
Income
$820.00
$27,424.22
Expenditures
Purchase of bonds
$16,002.75
Accrued interest on bonds purchased
17.05
Expenses on sales of land
30.00
Administration of Fund
123.00
Bond-Treasurer's Department
10.00
Taxes on land in Braintree
2.96
Withholding Tax
$16,185.76 287.67
59
REPORT OF TREASURER
Expenses on Property
Adams Academy-Insurance
$105.57
500.01
Materials and repairs Care- grounds and building
2,094.69
Foreclosed property repairs
350.77
$3,051.04
Expenditures - School Department
Pay roll-Librarian, Quincy High School
$2,200.00
Bills covering supplies for
School Libraries
3,302.15
$5,502.15
$25,026.62
Charles Francis Adams Fund - Income
Expended by School Department
$300.00
$25,326.62
Cash on hand, December 31, 1943
2,097.60
$27,424.22
Unexpended Income Account
Balance, January 1, 1943
$12,181.71
Unexpended income for 1943
823.41
Balance on hand, December 31, 1943 ....
$13,005.12
Unexpended Income - Charles Francis Adams Fund
Balance, January 1, 1943
$7,480.24
Unexpended income for 1943
520.00
Balance on hand, December 31, 1943
$8,000.24
Balance Sheet
Cash
$2,097.60
General Fund
$190,605.37
Investments
210,376.63
Unexp'd Income
13,005.12
Mortgage Notes
3,800.00
C. F. Adams Fund
10,396.88
Prop. Foreclosed ..
5,733.38
Unexp'd Income .. 8,000.24
$222,007.61
$222,007.61
Also various parcels-Real Estate, Assessed Valuation $126,875.00
60
CITY OF QUINCY
Investments
$ 5,000 Associated Electric Co. Deb. 41/2, 1953
$4,474.00
5,000 Atchison, Topeka & Santa Fe R. R. GM 4, 1995
5,400.00
5,000 Atlantic Coast Line R. R. 1st 4, 1952
5,000.00
5,000 Baltimore & Ohio R. R. Pittsbg., Lake Erie & W. Va. Ref. 4, 1951 5,000.00
8,000 Boston & Albany R. R. Ref. Deb. gtd. 5, 1963 8,000.00
1,500 Boston & Maine R. R. 1st Mtg. Series R. R. 4, 1960
1,500.00
1,500 Boston & Maine R. R. Inc. Mortg. "A" 4, Cum. 1970 1,405.84
5,000 Brooklyn Union Gas Co. 1st Ref. GB 5, 1957
5,200.00
5,000 California & Oregon Power 1st & Ref. 4, 1966 4,962.50
4,343.39
5,000 Chicago, Burlington & Quincy R. R. GM 4, 1958
4,888.51
6,000 Empire District Electric Co. 1st Ref. 5, 1952 5,000 Great Northern Railway Gen. Mortg. GB "L" 334, 1967
4,875.00
6,500 Great Northern Railway "G" Con. GM 4, 1946
6,251.55
4,000 Great Northern Railway 51/2, 1952
4,502.75
5,000 Illinois Central R. R. St. Louis Div. & Ter. 31/2, 1951
4,513.53
5,000 Illinois Central R. R. Louisville Div. 1st 31/2, 1953
4,575.00
5,000 Jamestown, Franklin & Clearfield 1st 4, 1959
4,781.94
6,000 Louisville & Nashville R. R. Ist 4, 1946 ..
6,100.00
4,000 Louisville & Nashville R. R. 1st 4, 1946 ...
4,060.00
10,500 Northern Pacific Railway Ref. & Imp. "B" 6, 2047
10,132.50
5,000 Pennsylvania Railway Gen. Mortg.
"A"
41/2, 1965
4,862.50
5,000 Pere Marquette Railway 1st "A" 5, 1956
4,862.50
5,000 Savannah Electric Power 1st Ref. GB "F" 5, 1955
5,200.00
5,000 Southern Pacific R. R. 1st Ref. 4, 1955
4,837.50
5,000 Southern Railway Co. 1st Con. 5, 1994
5,050.00
5,000 U. S. Treasury 11/2, 1947
5,000.00
3,500 U. S. Treasury 2, 1951/53
3,500.00
3,000 U. S. Treasury "G" 21/2, 1955
3,000.00
10,000 U. S. Treasury 21/2, 1963/68
10,000.00
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 of 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
8,500 Quincy Savings Bank 8,500.00
3,500 South Weymouth Savings Bank 3,500.00
5,000 Weymouth Savings Bank
5,000.00
$210,376.63
· 5,000 Carthage & Adirondack Ry. 1st gtd. 4, 1981 4,000 Central Pacific Railway Co. 1st Ref. 4, 1949
2,850.00
6,100.00
61
REPORT OF TREASURER
REPORT OF THE TREASURER OF THE CITY OF QUINCY, RETIREMENT SYSTEM
January 1, 1944
HON. CHARLES A. Ross, 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, 1943.
Respectfully,
THOMAS J. MCGRATH, City Treasurer.
CITY OF QUINCY - RETIREMENT SYSTEM
Receipts
Cash on hand, January 1, 1943
$2,600.22
Deposited by Members
25,880.65
Appropriated by City
38,938.70
$67,419.57
Income from Bonds
12,322.80
Bonds called and sold
80,371.25
$160,113.62
Expenditures
Warrant payments
(pensions and withdrawals)
$23,963.89
Securities purchased
130,223.27
Accrued interest on securities purchased 833.25
Cash on hand, December 31, 1943
$155,020.41 5,093.21
$160,113.62
Statement of Fund
Cash on hand
$5,093.21
Investments
334,146.04
Total Fund, December 31, 1943
$339,239.25
·
62
CITY OF QUINCY
Investments
$ 5,000 Atchison, Topeka & Santa Fe GM 4, 1995 ...
$5,087.50
10,000 Atlantic Coast Line R. R. 1st 4, 1952 9,107.50
5,000 Baltimore & Ohio R. R. 1st 4, 1948 5,047.20
10,000 Birmingham Electric Co. 1st Ref. GB 41/2, 1968
10,100.00
8,000 Boston & Albany R. R. 31/2, 1952
6,810.00
10,000 Central Pacific R. R. 1st 4, 1949
8,279.21
10,000 Chicago, Burlington & Quincy GM 4, 1958
· 9,288.28
15,000 Dominion of Canada "A" 21/2, 1948 15,000.00
10,000 Dominion of Canada 4, 1960
10,056.25
5,000 Illinois Central Railway Ref. 5, 1955 3,565.59
10,000 Illinois Power & Light 1st Ref. "A" 6, 1953 10,450.00
10,000 Kentucky Utilities Co. 1st 4, 1970
10,310.42
5,000 King's County Lighting Co. 1st & Ref. 5, 1954 5,250.00
5,000 King's County Lighting 1st Ref. 61/2, 1954 ....
5,250.00
10,000 Louisville & Nashville R. R. P. & M. 4, 1946
10,240.80
5,000 Louisville & Nashville R. R. 4, 1960
5,025.00
5,000 Louisville & Nashville R. R. 41/2, 2003 5,225.78
7,000 Morris & Essex R. R. 1st & Ref. 31/2, 2000 6,246.22
5,000 New York Central R. R. Cons. "A" 4, 1998
4,328.34
10,000 New York Central and Hudson River GB 31/2, 1997 7,482.81
10,000 Northern Pacific Ry .- Prior Lien Ry. Land Grant 4, 1997
8,976.26
5,000 Northern Pacific Railway Gen. Lines SF 3, 2047
3,750.79
4,000 Oregon Short Lines 5, 1946
4,203.18
10,000 Oregon, Washington R. R. & Navigation Co. 1st Ref. A 4, 1961
10,500.00
10,000 Penn. Central Power & Light Co. 41/2 1st, 1977 9,000 Puget Sound Power & Light Co. 414 1st, 1972 10,000 Shamokin, Sunbury & Lewiston R. R. 2nd Ex. 5, 1945
10,087.50
5,000 Southern Pacific Co. Oregon Lines 1st "A" 41/2, 1977 4,900.80
10,000 Southern Railway Co. 1st Cons. Mortg. 5, 1994 9,744.53
10,000 Southern Railway Co. St. Louis Div. 1st 4, 1951
8,343.59
5,500 Springfield Gas & Electric 1st "A" 5, 1957
5,588.00
10,000 Texas Pacific Railway 1st 5, 2000
10,057.99
8,000 St. Joseph Railway Light, Heat & Power Co. 1st 41/2, 1947
8,060.00
5,000 U. S. Treasury, 2, 1950/52
5,000.00
50,000 U. S. Treasury 2, 1951/53
50,000.00
8,000 U. S. Treasury 214, 1952/55 8,000.00
10,000 U. S. Treasury 21/2, 1963/68 10,000.00
5,000 West End Street Railway 5, 1944 5,000.00
$334,146.04
10,400.00
9,382.50
REPORT OF TREASURER
63
REPORT OF THE QUINCY RETIREMENT SYSTEM
February 28, 1944
HON. CHARLES A. Ross, Mayor, City of Quincy, Massachusetts.
The Quincy Retirement Board submits its ninth annual report, being for the year ended December 31, 1943, with appended tables setting forth the financial and statistical tables.
Membership during 1943 increased at a slower net rate because of the heavy turnover which has been experienced for the past two years. The average net rate of return earned on investments was 3.56%, showing an improvement over the preceding two years, thereby reducing the deficiency to be made up by the city toward the 4% rate credited on the funds held. Earned surplus was also in- creased $1,739.00 based on book value, and would have been sub- stantially greater, if calculated on market value.
Respectfully submitted,
GEORGE E. BONSALL, JOHN J. KEEFE, LEO E. MULLIN, Quincy Retirement Board.
64
CITY OF QUINCY
TABLE I Statement of Cash Receipts and Payments for the Year Ending December 31, 1943
Receipts
Cash on hand, January 1, 1943
$2,600.22
Members' Contributions
25,880.65
Appropriations by City :
Pension Fund
$37,696.36
Pension Fund Special
1,242.34
Expense Fund
2,450.00
$41,388.70
Bonds Sold or Called
80,371.25
Income from Investments :
Interest on Bonds
12,322.80
Total
$162,563.62
Payments
Refunds of Contributions :
On account of Resignations and Dismissals
$13,950.55
Pension Payments
10,013.34
Bonds Purchased
130,223.27
Accrued Interest on Bonds Purchased
833.25
Expenses :
Secretarial
$1,250.00
Actuarial
900.00
Printing
127.25
Postage and Supplies
62.75
Bonds
75.00
Miscellaneous
35.00
$2,450.00
Total
$157,470.41
Cash Balance as of December 31, 1943
5,093.21
Total
$162,563.62
-
65
REPORT OF TREASURER
TABLE II
Income Account 1943
Cash Interest Received
$12,322.80
Interest Accrued but not due December
31, 1943 4,129.61
$16,452.41
Less: Accrued Interest January 1, 1943 $3,217.83 Interest Paid on Bonds Purchased 833.25
Premiums on Bond Amortized out of Income
728.81
$4,779.89
Net Interest Earned
$11,672.52
4% Credited on Average Funds :
Annuity Savings Fund
$5,496.41
Annuity Reserve Fund
253.27
Pension Accumulation Fund
7,373.63
$13,123.31
Deficiency to be made up by City
$1,450.79
TABLE III Balance Sheet as of December 31, 1943
Cash
$5,093.21
Annuity Savings
Investments
334,146.04
Fund
$143,383.54
Accrued Interest ..
4,129.61
Annuity Reserve Fund
6,927.76
Pension Accumulation
Fund
188,332.04
Pension Accumulation
Fund Special ..
1,242.34
Surplus
3,483.18
Total .....
$343,368.86
Total
$343,368.86
66
CITY OF QUINCY
TABLE IV
Schedule of Investments
Par Value
Book Value
$ 5,000 Atchison, Topeka & Santa Fe 4, 1995 $5,087.50
10,000 Atlantic Coast Line 1st 4, 1952 9,107.50
5,000 Baltimore & Ohio 1st 4, 1948
5,047.20
10,000 Birmingham Elec. Co. 1st & Ref. 41/2, 1968
10,100.00
8,000 Boston & Albany 31/2s, 1952.
6,810.00
10,000 Central Pacific Railway 4, 1949.
8,279.21
10,000 Chicago, Burlington & Quincy 4, 1958
9,288.28
15,000 Dominion of Canada 21/2, 1948
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