USA > Massachusetts > Middlesex County > Lincoln > Town Report on Lincoln 1960-1962 > Part 46
Note: The text from this book was generated using artificial intelligence so there may be some errors. The full pages can be found on Archive.org (link on the Part 1 page).
Part 1 | Part 2 | Part 3 | Part 4 | Part 5 | Part 6 | Part 7 | Part 8 | Part 9 | Part 10 | Part 11 | Part 12 | Part 13 | Part 14 | Part 15 | Part 16 | Part 17 | Part 18 | Part 19 | Part 20 | Part 21 | Part 22 | Part 23 | Part 24 | Part 25 | Part 26 | Part 27 | Part 28 | Part 29 | Part 30 | Part 31 | Part 32 | Part 33 | Part 34 | Part 35 | Part 36 | Part 37 | Part 38 | Part 39 | Part 40 | Part 41 | Part 42 | Part 43 | Part 44 | Part 45 | Part 46 | Part 47 | Part 48
Rood, Allan & Jane
6,800
700.40
Rooney, Edward D. & Elizabeth M.
5,300
545.90
Rooney, John J. & Margaret C.
1,400
144.20
Root, Lily Frederica
3,500
360.50
Rosane, Marjorie B. & Richard C.
6,000
618.00
Rosenwald, Harold & Betty Booth
15,500
1,596.50
Ross, Thorvald S., Jr. & Margaret P.
10,600
1,091.80
Ross, William C. & Marian L.
10,000
1,030.00
Rouner, Thomas J. & Doris J.
8,400
865.20
Row, Ronald V. & Jane E.
8,750
901.25
Rowe, Lawrence L. & Mildred M.
1,750
180.25
Rowe, Standish S.
9,700
999.10
Rowe, Standish S. & Catherine A.
4,400
453.20
Roy, Nancy C.
4,050
417.15
Rubissow, George John & Marion J.
6,850
705.55
Rufo, John (Estate of) & Helen L.
3,400
350.20
Ruocco, Ralph J.A. & Isabel I.
5,200
535.60
Russell, James D. & Marguerite M.
5,750
592.25
Russes, Richard P. & Mary D.
3,450
355.35
Ryan, Frank A.
300
30.90
Ryan, James J. & Helen
4,750
489.25
214
Personal
VALUATION LIST, JANUARY 1, 1962
Aggregate Value of
Aggregate Value of Real Estate
Tax on Real and Personal Estate
Ryan, Lawrence
$
$ 3,750
$ 386.25
Ryan, Mary A.
2,350
242.05
Ryan, Mary J.
4,400
453.20
Ryan, William H. & Mary B.
2,950
303.85
Ryer, Russell E. & Margaret C.
6,800
700.40
Sabbag, Arthur & Evelyn J.
5,800
597.40
Sagendorph, Mrs. J. Hansell
15,350
1,581.05
Salmon, Walter J. & Marjorie B.
5,550
571.65
Sampson, Coleman W. & Phyllis E.
7,200
741.60
Sanderson, George A. & Priscilla
19,250
1,982.75
Sandy Pond Trust
30,750
3,167.25
Satterfield, Charles N. & Anne P.
9,510
979.53
Saul, Robert E. & Madeline Louise
6,700
690.10
Sawtell, Clement C. & Adelaide I.
6,650
684.95
Sayre, Woodrow W.
550
56.65
Scanlan, William A. & Esther M.
6,300
648.90
Schaal, Albert A. & Zelpha M.
100
10.30
Schofield, Mary
250
25.75
Schumacher, August & Mary L.
650
66.95
Schumacher, August
1,800
185.40
Schwann, William
7,350
757.05
Schweber, Silvan S. & Myrna R.
5,850
602.55
Scott, Anne
10,850
1,117.55
Scott, Hermon H.
8,750
901.25
Secora, Julia
2,700
278.10
Seeckts, Ehlert W.
4,000
412.00
Seeckts, Ehlert W. & Eleanor R.
7,600
782.80
Segadelli, Doris C. & John J.
6,500
669.50
Selfridge, Oliver G. & Allison G.
7,800
803.40
Sexton, Maurice J.
4,250
437.75
Shambaugh, Benjamin & Joan D.
7,000
721.00
Shansky, David & Nettie
7,300
751.90
Shapiro, David & Esther
1,250
128.75
Shapiro, Sylvia C.
750
77.25
Sharpe, William, Jr. & Elaine D.
5,650
581.95
Shaw, Alice DeS.
20,350
2,096.05
Shaw, Harold & Ethel C.
500
51.50
Shea, William J. & Margaret T.
5,250
540.75
Sherman, Daniel E., Jr. & Sadie J.
6,050
623.15
Sherman, Matthew N. & Diane
5,800
597.40
Sherwin, Edward V. (Estate of)
2,450
252.35
Shomphe, Patrick W. & Annie B.
6,900
710.70
Shurling, Watson & Emily I.
1,450
149.35
Siler, William C. & Barbara Jean
5,000
515.00
Silva, Manuel, Jr.
850
87.55
Silva, Walter J. & Lucille J.
6,500
669.50
Simonds, Anthony J.
300
5,500
597.40
Simonds, Lena J.
500
51.50
Simourian, John & Lillian M.
13,050
1,344.15
Personal
Name of Taxpayer
Estate
215
VALUATION LIST, JANUARY 1, 1962
Name of Taxpayer
Aggregate Value of Personal Estate
Aggregate Value of Real Estate
Tax on Real and Personal Estate
Sisson, John H. & Barbara B.
$
$ 11,150
$ 1,148.45
Sisson, John H. & Barbara B.
200
20.60
Skilton, Edna R. & McDermott, Pauline F.
4,800
494.40
Smith, Carl D. & Florence C.
6,050
623.15
Smith, C. DeWitt & Margaret L.
17,750
1,828.25
Smith, John E., Trustee
4,500
463.50
Smith, Sumner
32,500
3,347.50
Smith, William B. & Mae W.
5,700
587.10
Smith, William J. & Barbara J.
2,700
278.10
Smulowicz, Bronislaw & Sawera
8,850
911.55
Smyth, Robert Ralston & Adella C.
6,450
664.35
Snelling, Charles A.
4,400
453.20
Snelling, Dorothy R.
4,200
432.60
Snelling, Howard & Elizabeth J.
5,100
525.30
Snelling, John Rudolf
700
72.10
Snider, Greta W.
1,900
195.70
Sorenson, Hans, Heirs of
3,850
396.55
Southack, Theodore L., Jr. & Marion B.
6,700
690.10
Spaeth, Daniel A. & Margaret A.
5,650
581.95
Spence, Robert A. & Helen M.
7,350
757.05
Spencer, Henry W. & Marguerite G.
15,500
1,596.50
Spooner, Frederick C. & Sarah W.
3,650'
375.95
Spooner, Lily T.
4,350
448.05
Stebbins, Herbert A., Jr. & Patricia R.
5,200
535.60
Stevens, Charles H. & Patricia
5,700
587.10
Stevens, Frank R. & Katherine L.
7,550
777.65
Stevens, Kimball C. & Eleanor Ge
7,000
721.00
Stevenson, John P. & Patricia A.
9,000
927.00
Stockellburg, Arthur A.
2,000
206.00
Stratford Realty Co., Inc.
4,600
473.80
Street, Earle B. & Janet H.
5,760
593.28
Striker, William W. & Marjorie B.
6,250
643.75
Stubbs, Gerald S. & Barbara D.
12,000
1,236.00
Sturgis, Alanson H., Jr. & Anne H.
6,750
695.25
Sullivan, Francis J. & Gladys S.
3,550
365.65
Summers, Richard B. & Winifred F.
6,250
643.75
Swan, Edmund & Eleanor G.
4,550
468.65
Swanson, Alfred
6,450
664.35
Swanson, Arthur W. & Helen K.
7,200
741.60
Swanson, John, Realty Corporation
15,050
1,550.15
Swanson Pontiac, Inc.
1,500
154.50
Swanson Realty Corporation
1,450
149.35
Swartz, Eli & Jeanette W.
4,500
463.50
Sweeney, Joseph E. & Jeanne M.
5,650
581.95
Swift, Orlando B.
50
5.15
Swift, Orlando B. & Janice B.
8,600
885.80
Swift, William N. & Phyllis C.
9,100
937.30
216
VALUATION LIST, JANUARY 1, 1962
Name of Taxpayer
Aggregate Value of Personal Estate
Aggregate Value of Real Estate
Tax on Real and Personal Estate
Swinconeck, John J.
$
$ 1,950
$ 200.85
Sykes, David F. & Margaret P.
9,250
952.75
Sylvia, Lawrence M. & Barbara L.
7,200
741.60
Taillacq, Elsie
3.650
375.95
Tarbell, George G., Trustee
23,200
2,389.60
Tarbell, George G., Jr.
8,050
829.15
Tarky, Vincent T.
25,500
2,626.50
Tarky, William J., Jr.
1,550
159.65
Taylor, Edward S.
13,350
1,375.05
Taylor, Frederick B. & Lex H.
8,150
839.45
Taylor, John Arthur & Janet L.
6,450
664.35
Taylor, Theodore C. & Barbara G.
5,000
515.00
Taylor, W. Royce & Dorothy V.
6,780
698.34
Teabo, Prince C. & Elizabeth T.
4,250
437.75
Telling, Irving & Jane Cushman
7,050
726.15
Tennessee Gas Transmission Co.
49,250
500
5,124.25
Tetreault, Arthur H. & Claire F.
6,200
638.60
Tetreault, Arthur Hubert & Anne
5,250
540.75
Tew, John B.
16,550
1,704.65
Thiessen, Arthur E. & Laura
13,750
1,416.25
Thomas, Melvin H. & Phyllis I.
2,800
288.40
Thompson, Donald J.
2,250
231.75
Thompson, G. Brooks, Jr. & Arlene
8,900
916.70
Thompson, Lawrence E. & Dorothy
10,100
1,040.30
Thorpe, Margaret M.
7,400
762.20
Tobey, Aubrey C. & Cynthia W.
750
77.25
Todd, Mabel H.
17,100
1,761.30
Todd, David
50
5.15
Todd, Pauline E., Estate of
30,000
3,090.00
Toler, Louise C.
5,200
535.60
Tonseth, Didrick & Phoebe L.
5,550
571.65
Torode, Herbert L. & Lorraine S.
3,800
391.40
Torrey, Volta W. & Geneva DeF.
10,100
1,040.30
Tracey, Elizabeth C.
50
5.15
Tracey, Elizabeth M. & Joseph R.
13,400
1,380.20
Tracey, Joseph R.
1,300
133.90
Tracey,
Robert J.
4,200
432.60
Troisi, Ferdinand L. & Mary G.
3,000
309.00
Trueworthy, Thurston C. & Helen F.
700
72.10
Tucker, Gardner
4,500
463.50
Tunnell, Raymond W. & Suzanne D.
7,450
767.35
Turner, Charles F. & Winifred A.
4,600
473.80
Tyler, Ethel A., Admx.
2,650
272.95
Tyler, Watson, Heirs of
2,750
283.25
Umbrello, Carmel V.
6,200
638.60
Umbrello, Francis & Virginia
5,850
602.55
217
VALUATION LIST, JANUARY 1, 1962
Name of Taxpayer
Aggregate Value of Personal Estate
Aggregate Value of Real Estate
Tax on Real and Personal Estate
Valley Pond Realty Trust
$
$ 4,350
$ 448.05
Vance, Jane K.
17,300
1,781.90
Vandell, Robert F. & Margaret E.
7,700
793.10
Van Leer, Hans L.
450
46.35
Van Leer, Hans L. & Mary K.
12,200
1,256.60
Van Leer, R. Karl & Rachel D.
5,850
602.55
Van Ummersen, Luther & Lynn C.
4,700
484.10
Van Wart, Walter L. & Stephenia
4,150
427.45
Venier, Ettore P. & Mary E.
13,850
1,426.55
Vercollone, Edmund S. & Julia
6,000
618.00
Vitale, Joseph A. & M. Frances
7,900
813.70
Wadsworth, Charles Y. & Virginia
20,100
2,070.30
Waible, Wendell J. & Florence E.
5,350
551.05
Walen, Roger S. & Constance M.
5,000
515.00
Wales, Andrew M. & Betty R.
11,700
1,205.10
Wales, Isabel G.
14,650
1,508.95
Wales, R. Langdon & Ruth W.
8,500
875.50
Walker, Sidney A.
10,650
1,096.95
Wallach, Frances D.
8,550
880.65
Walter, Charlton M. & Rosly M.
1,950
200.85
Walton, Frank E. & Julie
4,500
463.50
Wang, An & Lorraine C.
15,100
1,555.30
Ward, Thomas D. & Jane L.
5,150
530.45
Ward, Walter B. & Sophie E.
5,100
525.30
Ward, Walter B., Jr. & Marie L.
4,750
489.25
Warner, Henrietta S.
12,350
1,272.05
Warner, John Burton & Barbara K.
10,900
1,122.70
Washburn, Mabel L. & Rachel W.
5,650
581.95
Washburn, Rachel W.
50
5.15
Watts Realty Corporation
1,050
108.15
Weatherbee, Robert E. & Pamela B.
3,300
339.90
Welch, Vernon F. & Leatrice June
5,000
515.00
Webb, Rosella
6,100
628.30
Webster, David & Winifred W.
6,200
638.60
Weiss, Alfred D. & Anne Kelly
8,000
824.00
Weld, George S., Adm.
5,950
612.85
Wells, George & Katherine W.
10,550
1,086.65
Wes-Lex Corporation
5,550
571.65
Westcott, Vernon C. & Mary Alice
6,900
710.70
Weston, Georgianna H.
4,900
504.70
Western Union Tel. & Tel. Co.
2,100
216.30
Wethersfield Trust
6,000
618.00
Whalen, William B. & Mary E.
3,700
381.10
Wheeler, Elizabeth F., Ann H., Mary L. & Gale, Ruth A.
20,650
2,126.95
White, Katharine S. & John W.
14,300
1,472.90
White, Robert E. & Marion J.
5,100
525.30
Whitfield, Thomas J., III &
Joan Elizabeth
6,450
664.35
218
VALUATION LIST, JANUARY 1, 1962
Name of Taxpayer
Aggregate Value of Personal Estate
Aggregate Value of Real Estate
Tax on Real and Personal Estate
Wilbor, John S.
$
$ 7,100
$ 731.30
Wiley, G. Arnold & Helen
7,800
803.40
Wiley, Thomas W. & Ann I.
5,200
535.60
Wilfert, Fred J. & Eleanor M.
5,300
545.90
Wilfert, Walter A. & Eleanor A.
5,800
597.40
Wilfert, Walter A., Eleanor A., Fred J., & Eleanor M.
100
10.30
Willard, Henry L. & Helen S.
8,000
824.00
Willard, Leslie M. & Bernice L.
5,000
515.00
Willemin, Julian V. & Jane A.
5,500
566.50
Williams, Edwin L., Jr. & Ruth D.
8,600
885.80
Williams, William G. & Jane C.
4,300
442.90
Williamson, Elizabeth R.
1,500
154.50
Willmann, Werner S. & Margaret M.
3,800
391.40
Wilson, Elizabeth & Flaherty, Anthony J.
6,300
648.90
Wilson, Louise H.
1,400
144.20
Wilson, Montgomery S. & Mary Ann
6,500
669.50
Wilson, Robert D. & Kathryn M.
7,200
741.60
Winchell, Gordon D. & Enid M.
7,200
741.60
Winchell, Guilbert & Evelyn (Est.)
26,600
2,739.80
Winchell, Guilbert S.
200
20.60
Winchell, Guilbert S. & Amy Jane
3,650
375.95
Winship, Lee C. & Joyce L.
8,500
875.50
Winship, Thomas
100
10.30
Winship, Thomas & Elizabeth C.
13,300
1,369.90
Wirsig, Stanley S. & Arlene B.
6,700
690.10
Witherby, Thomas H. & Marianne J.
12,900
1,328.70
Witherton, John R. & Emily A.
5,600
576.80
Withey, Edward L. & Barbara H.
8,100
834.30
Wollmar, Dick J. & Mary Lou
5,200
535.60
Wood, Frank H. & Jeanne R.
8,200
844.60
Wood, George A., Jr. & Nancy S.
5,900
607.70
Wood, James, Estate of, & Lizzie
4,500
463.50
Wood, James D. & Ruth E.
5,000
515.00
Wood, O. Chester (Estate of ) & Hilve V.
5,100
525.30
Wood, Robert C. & Margaret B.
4,850
499.55
Woodington, W. Gordon & Mary L.
8,250
849.75
Woods, Henry A. & Barbara R.
6,750
695.25
Worsham, Jack L. & Charlotte A.
5,500
566.50
Worthington, Thomas K. & Elizabeth C.
6,250
643.75
Yagjian, Jacob & Inez
850
87.55
Yeuell, Kay M. & Suzanne R.
5,700
587.10
Yore, George P. & Kathleen
4,250
437.75
Young, David B. & Cora S.
3,600
370.80
Young, Edward L.
3,200
329.60
219
VALUATION LIST, JANUARY 1, 1962
Name of Taxpayer
Aggregate Value of Personal Estate
Aggregate Value of Real Estate
Tax on Real and Personal Estate
Young, Lee A. & Jane C.
$
$ 1,000
$ 103.00
Young, Niels O. & Lucy J.
3,700
381.10
Zarella, Joseph S. & Lillian M.
1,000
103.00
Ziegler, Elmer H. & Hilda M.
5,100
525.30
Zinck, Floyd A. & Elma W.
7,200
741.60
Zuelke, Laurence W. & Nancy J.
3,450
355.35
220
TRUST FUNDS
JOHN H. PIERCE LEGACY
Cash Account
Cash balance at January 1, 1962 Income of 1962:
$ 612.63
Savings bank and bond interest, net
$1,706.59
Annuity u/w John H. Pierce
3,000.00
Rent of Pierce House
600.00
Well-Child Clinic fees
18.00
Dental Clinic fees
1,224.00
Polio Clinic fees
417.85
Sale of surplus polio vaccine
13.40
6,979.84
Proceeds of securities sold or called :
2,951.46
3000 Southern California Edison 3% 1965 2000 Western Massachusetts Electric 5 3/8% 1989
2,135.00
Withdrawn from savings accounts
2,500.00
Interest applied to amortize bond purchase premiums
15.42
$15,194. 35
Payments per order of Selectmen:
Hospital and nursing home care
$ 833.48
Medical supplies
167.15
Doctors' bills
74.00
Well-Child Clinic
350.00
Walden Clinic (mental health)
500.00
Polio Clinic
375.57
Dental Clinic
1,505.53
Repairs to Pierce House
5,435.70
Care of Pierce Park grounds
750.00
Deposited in savings accounts
1,500.00
accumulate
108.39
2000 Pacific Tel. & Tel. 4 3/8% 1988 bought
2,022.85
Accrued interest on same
34.27
13,656.94
Cash balance at December 31, 1962
$_
1,537.41
Cash and Securities at December 31, 1962
Cash on deposit Middlesex Institution for Savings
$ 1,537.41
2,783.33
First National Bank of Boston Special Savings 558.57
5000 U. S. Treasury 4 3/4% 5/15/64
5,000.00
3000 U. S. Treasury 5% 8/15/64
3,000.00
1000 Southern California Edison 3% 9/1/65
1,000.00
3500 U. S. Treasury 3 7/8% 5/15/68
3,500.00
4000 Federal Land Banks 3 7/8% 9/15/72
4,023.18
2000 Southern Railway Eq. Trust 4 1/4% 10/15/72
1,978.39
4000 International Bank for Reconstruction 4 1/4% 1979
4,074.66
4000 American Tel. & Tel. 4 3/8% 1985
4,045.00
1000 Virginia Electric & Power 4 1/8% 1986
1,030.95
3000 Niagara Mohawk Power 3 5/8% 1986 2,913.75
5000 Pacific Tel. & Tel. 4 3/8% 1988
5,134,92
$40,580.16
221
$9,991.43
Savings bank interest allowed to
TRUST FUNDS
DONALD GORDON RECREATION FUND
Cash Account
Cash balance at January 1, 1962
$ 347.63
Interest income received in 1962
211.45
Interest applied to amortize bond purchase premium
1.30
$ 560.38
Paid to Waverly Post 1272 VFW Band, July 4 $260.00
Safe deposit box rent 2.50
Savings bank interest allowed to accumulate 15.25
277.75
Cash balance at December 31, 1962
$ 282.63
Cash and Securities at December 31, 1962
Cash on deposit
$ 282.63
Middlesex Institution for Savings
326.91
Boston Five Cents Savings Bank
66.49
1000 Southern California Edison 3% 9/1/65
1,000.00
1000 Southern Rwy. Equip. Trust 4 1/4% 10/15/72
989.20
1000 Southern Bell Telephone 4% 1983
1,000.00
1000 American Tel. & Tel. 4 3/8% 1985
1,000.00
1000 Virginia Electric & Power 4 1/8% 1986
1,030.85
$ 5,696.08
Accumulated income Principal
$ 499.19
5,196.89
$
5,696.08
GRAMMAR SCHOOL FUND
Cash Account
1962 savings bank interest paid to Town of Lincoln $ 48.96
Savings Bank Deposits at December 31, 1962
Middlesex Institution for Savings
$ 722.00
Cambridge Savings Bank
495.52
$ 1,217.52
222
TRUST FUNDS
BEMIS LECTURE FUND
Cash Account
Cash balance at January 1, 1962
$ 952.42
Interest income received in 1962
1,320.85
Interest applied to amortize bond purchase premiums
9.18
$ 2,282.45
Payments per order of Fund Trustees :
March 16, 1962 - William Clauson
$450.00
Oct. 5, 1962 - Robert Cushman Murphy 250.00
Printing and postage, notices
246.25
Police and custodial attendance
14.50
Movie projection at lecture
30.00
Safe deposit box rent
3.00
993.75
Cash balance at December 31, 1962
$ 1,288.70
Cash and Securities at December 31, 1962
Cash on deposit
Middlesex Institution for Savings
$ 1,288.70 125.42
1000 U. S. Treasury 5% 8/15/64
1,000.00
3000 Southern California Edison 3% 9/1/65
2,905.00
3000 Federal Land Banks 3 7/8% 9/15/72
2,984.25
2000 International Bank for Reconstruction 4 1/2% 12/1/73
1,993.75
3000 American Tel. & Tel. 4 3/8% 1985
3,029.27
3000 Niagara Mohawk Power 3 5/8% 1986
2,913.75
1000 Virginia Electric & Power 4 1/8% 1986
1,030.85
3000 Western Massachusetts Electric 4 3/8% 1987
3,000.00
2000 Idaho Power 4 1/2% 1987
2,000.00
1000 Idaho Power 4 3/4% 1987
1,013.38
1000 Alabama Power 3 7/8% 1988
1,000.00
3000 Pacific Tel. & Tel. 4 3/8% 1988
3,112.74
3000 New England Power 4 5/8% 1991
3,049.73
3000 Atchison Topeka & Santa Fe RR Gen'1 4% 1995
3,000.00
$33,446.84
Accumulated income Principal
$ 1,606.80
31,840.04
$33,446.84
$990.75
223
TRUST FUNDS
DE CORDOVA SCHOOL EQUIPMENT FUND
Cash Account
Cash balance at January 1, 1962
$ 5.19
Interest income received in 1962
$995.63
Less accrued interest on bonds purchased
17.01
978.62
1000 Western Massachusetts Electric 5 3/8% bond due 1989, called for redemption
1,067.50
Interest applied to amortize bond purchase premiums
9.97
$ 2,061.28
Net income paid to Town of Lincoln
$976.62
Safe deposit box rent
2.00
1000 Pacific Telephone & Telegraph Co. 4 3/8% due Feb. 15, 1988, purchased
1,012.65
1,991.27
Cash balance at December 31, 1962
$ 70.01
Cash and Securities at December 31, 1962
Cash on deposit
$ 70.01
Cambridge Savings Bank
754.52
Middlesex Institution for Savings
918.76
2000 U. S. Treasury 5% 8/15/64
2,000.00
1000 U. S. Treasury 4 5/8% 5/15/65
1,000.00
1000 Northern Pacific RR Equip. Trust 2 3/4% 8/10/66
989.95
1000 Southern California Edison 3% 9/1/65
1,000.00
1000 Western Maryland RR 4% 10/1/69
1,011.47
3000 Alabama Power 3 1/2% 1/1/72
2,949.80
1000 Southern Rwy. Equip. Trust 4 1/4% 10/15/72
989.19
1000 American Tel. & Tel. 2 3/4% 1975
948.30
3000 International Bank for Reconstruction 4 1/4% 1979
3,050.07
1000 U. S. Treasury 3 1/2% 1980
1,024.86
3000 Southern Bell Telephone 4% 1983
3,049.42
1000 Idaho Power 4 1/2% 1987
1,000.00
2000 General Telephone of California 4 1/8% 1988
2,019.08
1000 Pacific Telephone & Telegraph 4 3/8% 1988 1,012.40
1000 Pacific Gas & Electric 5% 1989
1,005.78
$24,793.61
224
TRUST FUNDS
LINCOLN SCHOLARSHIP FUND
Cash Account
Cash balance at January 1, 1962 Donations received in 1962 :
General appeal
570.00
Parents' League
110.00
July 4 fireworks, parking fees
1,882.63 865.25
"Evening of Magic" ticket sales and donations $2,648.06
Less expenses ($673.05) and
return of advances 1,223.05
1,425.01
Interest income received in 1962
255.86
Interest applied to amortize bond purchase premiums .40
$ 6,399.81
Payments per order of Trustees of Fund: Balance of 1961 grants:
Albert Avery, Lafayette College $ 150.00
Craig Foley, Kenyon College 100.00
David Garrison, Amherst College 150.00
Elizabeth Lennon, Marietta College 200.00
George McMurtry, Tufts University 50.00
Diane Powers, Wheelock College
150.00
Linda Woods, University of Maine
200.00
Special grant, Sheldon Briggs, St. Lawrence University
550.00
First half of 1962 grants:
Mary Lois Huff, Framingham State College 137.50
Patrick J. Dougherty, University of Massachusetts 65.00
Jeanne Manzelli, Mass. College of Art
37.50
Frances Cibel, Mass. College of Art 37.50
Anne Remmes, Marquette University
200.00
David Morey, Northeastern University
100.00
Caroline Powers, Albion College 170.00
Carol Swanson, University of Wisconsin 187.50
Sheldon Briggs, St. Lawrence University 75.00
Diane Powers, Wheelock College 150.00
$2,710.00
Printing, postage, administrative expenses 38.23
Savings bank interest allowed to
accumulate
127.50
Safe deposit box rent
2.00
Deposited in savings bank
2,000.00
4,877.73
Cash balance at December 31, 1962
$1,522.08
Cash and Securities at December 31, 1962
Cash on deposit Provident Institution for Savings
$1,522.08 4,609.62
(cont.)
225
$ 1,290.66
Art Festival, Lincoln School Association
TRUST FUNDS
1000 U. S. Treasury 4% 5/15/63
$ 997.19
1000 Federal Land Banks 3 7/8% 9/15/72
994.75
1000 Pacific Gas & Electric 5% 6/1/89
1,005.78
$9,129.42
Reserved for balance of 1962 grants
$1,160.00
Robert L. DeNormandie Fund
1,000.00
1,025.00
4-H Horse Club Fund General Fund
5,944.42
$9,129.42
ABBIE J. STEARNS FUND FOR THE SILENT POOR
Cash Account
Cash balance at January 1, 1962
$ 312.72
Interest income received in 1962
152.10
$ 464.82
Payments per order of Selectmen:
$113.40
Safe deposit box rent
2.50
Savings bank interest allowed to accumulate
19.58
Deposited in savings bank
250.00
385.48
Cash balance at December 31, 1962
$ 79.34
Cash and Securities at December 31, 1962
Cash on deposit
$ 79.34
Boston Five Cents Savings Bank
670.01
2000 U. S. Treasury 4 5/8% 5/15/65
2,000.00
1000 Southern Bell Tel. 4% 1983
1,000,00
$3,749.35
Accumulated income
$2,524.30
Principal
1,225.05
$3,749.35
226
TRUST FUNDS
LINCOLN LIBRARY TRUST FUNDS
Cash Account
Cash balance at January 1, 1962
$ 6.46
Income received in 1962 :
Julia A. Bemis Fund
$ 31.00
Codman Fund
21.36
Hugh Anthony Gaskill Fund
6.32
John H. Pierce Fund
44.56
George Russell Fund
18.78
Abbie J. Stearns Fund
90.40
George G. Tarbell Fund
133.47
C. Edgar and Elizabeth S. Wheeler Fund
60.38
Lincoln Public Library Fund
62.38
468.65
Donations and awards received:
George G. Tarbell, to Lincoln Library Fund
175.00
Mrs. Bradford Cannon, for DeNormandie Room
250.00
Dorothy Canfield Fisher award
1,000.00
Payments per order of Library Trustees:
Purchase of books - from Cannon gift
$166.07
- from Fisher award
868.94
from trust fund
income
280.79
Purchase of print for Library
175.00
Safe 'deposit box rent
3.00
Librarian, income from John H. Pierce Fund
44.56
Savings bank interest allowed to accumulate
144,22
1,682.58
Cash balance at December 31, 1962
$
217.53:
Cash and Securities at December 31, 1962
Accumulated Income On Deposit
Principal
Total
Julia A. Bemis Fund
Middlesex Institution
for Savings
$ 114.84
$ 684.05
$ 798.89
Codman Fund
Middlesex Institution for Savings
76.00
474.59
550.59
Hugh Anthony Gaskill Fund
Middlesex Institution
for Savings
-
158.89
158.89
(cont.)
$1,490.80
$1,900.11
227
TRUST FUNDS
Accumulated Income On Deposit
Principal
Total
John H. Pierce Fund
Cambridge Savings Bank Middlesex Institution for Savings
$
-
$ 500.00
$ 500.00
-
-
614.57
614.57
$1,114.57
$ 1,114.57
George Russell Fund Middlesex Institution for Savings
68.11
415.74
483.85
Abbie J. Stearns Fund
Middlesex Institution for Savings
110.91
930.00
1,040.91
1000 U. S. Treasury 5% 8/15/64
-
1,000.00
1,000.00
$1,930.00
$2,040.91
George G. Tarbell Fund
Middlesex Institution for Savings
17.50
147.30
164.80
Warren Institution for Savings
30.11
991.08
1,021.19
1000 Southern Bell Tel. 4% 1983
1,000.00
1,000.00
1000 Western Mass. Electric
1,000.00
1,000.00
$ 47.61
$3,138.38
$3,185.99
C. Edgar and Elizabeth S. Wheeler Fund
Middlesex Institution for Savings
37.73
235.46
273.19
1000 U. S. Treasury 5% 8/15/64
1,000.00
1,000.00
$1,235.46
$1,273.19
Lincoln Public Library Fund
Middlesex Institution for Savings
168.70
1,438.63
1,607.33
Cash balances on deposit:
Trust fund income
2.74
2.74
Balance of Cannon gift
83.93
83.93
Balance of Fisher award
131.06
131.06
$626.64
$10,805.30
$11,431.94
-
4 3/8% 1987
-
-
Commissioners of Trust Funds
Clement C. Sawtell Richard F. Schroeder William T. King
228
Lincoln Public Library
TOWN OF LINCOLN
Financial Section of the
1962 Town Report
BLING
OL
II
10
RP
IN.174
T. IN.1754-AS.A.T
TOWN OF LINCOLN
REPORT
of the FINANCE COMMITTEE 1962
LINCOLN FINANCE COMMITTEE
Summary of the Proposed Budget for 1963
The total amount of the proposed 1963 budget for General Pur - poses is $1,376,212. This is an increase of 13.1% over 1962.
We estimate the tax rate for 1963 will be $114 assuming all articles in the Warrant are passed. This represents an increase of $11 per thousand or 10.6%.
We continue to believe that our previous forecast of a tax rate of about $142 for 1967 is a strong possibility.
A comparison of the 1963 and 1962 budgets and the percentage increase in each category is given below.
1962 Appropriation
1963 Proposed
% Increase
General Government
46,207.00
53,997.00
+ 16.9%
Protection
99,572.00
113,990.00
+ 14.5%
Health
18,800.00
19,000.00
+ 1.1%
Highways
98,200.00
114,576.00
+ 16.7%
Charities
21,716.00
19,752.00
-
9.0%
Elementary School
515,275.00
582,310.00
+ 12.9%
Regional School
212,814.00
192,961.00
- 9.3%
Library
29,781.00
34,148.00
+ 14.7%
Recreation
6,680.00
7,885.00
+ 18.0%
Cemeteries
4,100.00
4,100.00
Town Debt
112,790.00
169,255.00
+ 50.0%
Unclassified
40,620.00
49,238.00
+ 21.2%
Reserve Fund
10,000.00
15,000.00
+ 50.0%
1,216,555.00
1,376,212.00
+ 13.1%
The proposed budget recommends increased expenditures of $159,657. If the increases in all school operating costs of $47, 202 and the increase of $56,465 in Debt Service, attributable to new school construction, are eliminated from this figure, the total increase in town expenditures for other than schools is $55,990.
This increase is the result of the following:
1) Increased salaries to present employees
$ 9,296
2) Salaries of additional employees 7,104
3) Extra highway expenditures, formerly in a Special Article in the Warrant
15,000
4 ) General increase in expenses and ex- panded services
24,590
TOTAL $55,990
Those interested in the details of this Committee's long- term forecast of the tax rate are referred to the "Financial Section of the 1961 Town Report."
1
LINCOLN FINANCE COMMITTEE
Report with Recommended Budget for 1963
The Finance Committee Report and its recommended Budget for 1963 is being published as a "Financial Section to the 1962 Town Report". This Section also carries the Town Warrant and the re- port of the Long-Term Capital Requirements Committee, which is a useful background for current as well as long-term considerations,
We recommend the adoption of the appropriations for General Purposes in 1963 itemized in the Financial Supplement which total $1,376,212.
We recommend adoption of a budget for the Water Department consisting of the several appropriations also shown in detail in the Financial Section and totaling $49,123.
Need help finding more records? Try our genealogical records directory which has more than 1 million sources to help you more easily locate the available records.