USA > Massachusetts > Essex County > Ipswich > Town annual report of Ipswich 1947 > Part 3
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PREMIUM ON LOANS
Balance Jan. 1, 1947
90.15
Interest Payments
67.40
Balance Forwarded to 1948
22.75
90.15
INTEREST
Appropriation Interest Payments
1,280.00
1,212.60
Transferred to Revenue 1947
67.40
1,280.00
ipswich Public Library Ipswich, Massachusetts
IPSWICH TOWN REPORT 55
MATURING DEBT
Appropriation Note Payments
10,000.00 10,000.00
TOWN OF IPSWICH Balance Sheet - December 31, 1947 GENERAL ACCOUNTS
Assets
Liabilities and Reserves
Cash :
Tailings
$1,038.78 1.80
In Banks and Office
$282,221.21
Dog Licenses Collected for County
1,100.00
Accounts Receivable
Highway Machinery Fund
1,763.55
Sale of Cemetery Lots Fund
4,444.00
Veterans Housing Project, Rents
2,016.00
State Parks and Reservations
113.85
Essex County Sanatorium Tax
829.46
County Tax
3,036.45
Poll
26.00
Personal
429.30
Real Estate
4,933.93
5,389.23
Aid to Dependent Children Administration 106.52
Aid 251.81
Levy of 1947:
Poll
216.00
358.33
Personal
4,195.56
Real Estate
30,492.60
Old Age Assistance Administration 313.93
34,904.16
Assistance 116.35
40,376,19
430,28
Taxes:
Levy of 1945:
Real Estate
$ 82.80
Levy of 1946:
Grants and Gifts : Federal
Sale of Real Estate Fund
Motor Vehicle and Trailer Excise: Levy of 1945 Levy of 1946
2.00
29.28
Levy of 1947
1,674.50
Federal Works Agency Sewerage Survey 11,000.00 Street Surveys 1,600.00
12,600.00
State:
Shellfish Reimbursement 800.00
14,188.61
Electric Meter Guarantee Deposits
3,313.98
Electric Meter Guarantee Deposits, Interest
2,469.02
Premium on Loans
22.75
Unexpended Appropriation Balances: General 46,051.52
10,755.89
Unexpended Grants and Gifts: Education
2,000.00
Estate of Deceased Person
676.43
Town Property
589.00
Depreciation
120,564.49
Police
446.00
Moth
678.00
Water:
Highway
3.50
Extensions
5,555.17
Public Welfare
704.20
Softening Plant
44,741.81
Aid to Dependent Children
813.27
50,296.98
Old Age Assistance
80.50
Veterans Services
1,179.97
Cemetery
1,144.75
Levy of 1945
82.80
6,315.62
Levy of 1946
3,049.09
12,150.40
Levy of 1947
4,702.57
21,002.90
7,834.46
State and County Aid to Highways Electric Light
1,705.78
Special Assessment: Moth Added to Taxes
8.00
Tax Titles and Possessions:
Tax Titles
8,503.64
Tax Possessions
2,252.25
Departmental:
Electric Light: Operations 6,737.11
127,301.60
Reserve Fund-Overlay Surplus
2,840.01
Overlays Reserved for Abatement of Taxes:
Water:
Water Liens added to Taxes
474.10
Water
11,081.31
11,555.41
Revenue Reserved Until Collected :
Special Assessment 8.00
Motor Vehicle and Trailer Excise 1,705.78
Tax Title
8,503.64
Tax Possession
2,252.25
Departmental
6,315.62
State and County Aid to Highways 12,150.40
Electric Light 21,002.90
Water
11.555.41
63,494.00
Levy of 1943
208.48
Water Surplus
2,106.47
Levy of 1944
42.00
Surplus Revenue
50,462.58
634.48
$386,725.88
$386,725.88
DEBT ACCOUNTS
$97,400.00
High School Loan
$48,000.00
Highway and Fire Equipment Loan
16,000.00
Water Extension Loan 1938 6,000.00
Developing Additional Water Supply Loan 1942
5,000.00
Extending Water Mains Loan 1946 22,400.00
$97,400.00
$97,400.00
Unprovided for or Overdrawn Accounts:
Overlay Deficits :
Levy of 1941
194.00
Levy of 1942 190.00
Net Funded or Fixed Debt
TRUST AND INVESTMENT ACCOUNTS CASH AND SECURITIES IN CUSTODY OF TREASURER AND TRUSTEES
Cash and Securities
$311,780.46 Eunice Caldwell Cowles Fund
$10,203.68
Mark Newman Memorial Fund 5,420.89
John C. Kimball Fund 500.00
Mrs. William G. Brown Animal Fund
2,166.65
Marianna T. Jones Fund
832.99
Richard T. Crane Jr., Picnic Fund
33,925.28
Martha I. Savory Fund
298.31
Dow Boulder Memorial Fund
145.71
Cemetery Perpetual Care Fund
64,247.00
Post-War Rehabilitation Fund 50,000.00
Stabilization Fund
3,793.81
Burley Educational Fund
8,616.24
Brown School Fund
3,228.92
Manning School Fund
30,743.73
R. H. Manning School Fund
15,622.70
Feoffees Grammar Schools Fund
52,463.29
Heard Library Fund
8,011.23
Elizabeth R. Lathrop Fund
1,854.90
Library Building Fund
84.98
Mrs. Abby Newman Library Fund
2,145.43
George Spiller Fund
1,812.05
Treadwell Library Fund
15,662.67
$311,780.46
$311,780.46
RECAPITULATION OF DEPARTMENT EXPENSES WITH CASH DISBURSEMENTS FOR THE YEAR ENDING DECEMBER 31, 1947.
Balance Jan. 1, 1947
Appro- priations
Cash Receipts
Credit Transfer
Debit Transfer
Cash Transferred Balance Payments To Revenue Dec. 31, 1947
Moderator
4,700.00
2.15
4,647.53
54.62
Selectmen
4,523.16
14.34
Accountant
6,370.00
1,000.00
7,369.93
.07
Treasurer and Collector
4,918.00
4.55
4,911.67
10.88
Assessors
600.00
600.00
Law
344.75
Wild Life Refuge Project
344.75 2,000.00
2,231.50
900.00
2,951.04
180.46
Town Clerk
1,494.00
715.00
2,201.55
7.45
Election and Registration
4,856.20
4,265.27
590.93
Town Hall
114.00
Town Hall Improvements
150.00
150.00
Police
Town Ambulance
27,115.80
42.00
26,467.59
690.21
3,000.00
2,610.46
389.54
Junior Aerial Ladder
497.31
6.19
Moth
4,827.00
4,815.56
11.44
Poison Ivy Control Project
68.38
64.00
4.38
Tree Warden
700.00
84.00
400.00
970.54
213.46
Clam Commissioner
500.00
500.00
3,336.50
27.30
Shellfish Reimbursement
14,687.08 1,500.00
6.62
2,185.23
79.70
Town Dump Construction
456.00
Sewer Committee
1,015.57
6.00
1,009.57 11,000.00
Mosquito Control
1,000.00
1,000.00
Bounty on Seals
100.00
100.00
185.00
15.00
Highway
27,662.11
27,330.57
331.54
Snow Removal
15,000.00
500.00
15,413.09
86.91
Chapter 90 Construction 1947
6,000.00
18,000.00
10,465.97
Chapter 90 Maintenance
2,000.00
1,000.00
North Ridge Road
7,391.59
Walters Snow-Fighter
16,500.00
Street Lighting
5,700.00
5,700.00
Public Welfare
9,647.38
800.00
10,208.74
238.64
Aid to Dependent Children, Adm.
125.00
108.74
16.26
Aid to Dependent Children, Aid
3,000.00
2,700.00
4,970.66
729.34
Old Age Assistance, Adm.
2,165.00
1,745.63
419.37
Old Age Assistance, Assistance
50,000.00
64.70
2,000.00
51,548.71
515.99
U. S., Aid to Dependent Children,Adm.
106.52
1,356.40
251.81
U. S., Old Age Assistance, Adm.
1,528.34
1,214.41
313.93
U. S., Old Age Assistance, Assistance
7,759.14
37,642.78
116.36
Veterans Services
10.17
1,000.00
4,706.53
303.64
B. S. Cable Memorial Hospital
2,500.00
Education
4,000.00
144,724.38
60.62
2,000.00
Fire Damage Manual Training School
3,489.29
497.98
2,991.31
200.00
200.00
Parks
1,422.00
Playgrounds
1,934.50
1,906.54
27.96
Playground Recreation Project
1,350.00
1,350.00
Memorial Building
4,265.00
4,242.06
22.94
Pensions
3,030.00
3,030.00
Contributory Pension System
7,088.24
7,088.24
Town Clock
75.00
75.00
Memorial Day
775.00 500.00
172.41
327.59
Town Wharf Float
42.54
113.09
Premium on Loans
67.40
22.75
Federal Housing Project
1,650.49
635.00
3,282.80
867.69
R. T. Crane Picnic Fund, Adm.
90.47
R. T. Crane Picnic Fund, Picnic
1,186.93
Unpaid Bills 1946
322.85
Manning School Grading
500.00
105.00
395.00
Grading at High School
1,200.00
1,200.00
Reserve Fund
4,000.00
3,800.95
199.05
Electric Light Operations
11,206.00
9,858.26
27,042.93
137,284.22
6,737.11
Electric Light Construction
206.00
Electric Light Depreciation
104,727.56
120,564.49
Electric Light Guarantee Deposits
3,172.98
427.00
286.00
3,313.98
Electric Light Guarantee Deposits, Int.
2,361.34
110.68
3.00
2,469.02
31,000.00
30,883.48
116.52
Water Extensions
11,120.89
4,448.92
10,014.64
5,555.17
Water Softening Plant
44,741.81
44,741.81
Cemetery
6,921.85
8,279.65
.06
H. A. Cowles Cemetery
2,636.50
2,557.23
79.27
Soldiers Graves
400.00
400.00
Interest
1,280.00
1,212.60
67.40
Maturing Debt
10,000.00
10,000.00
$256,550.00 $457,568.01
$213,608.19 $55,177.80
$30,843.88
$700,273.31
$6,142.34 $245,644.47
Forest Warden
2,550.00
2,531.42
18.58
Shellfish Benefits
2,363.80
800.00
800.00
14,216.16
470.92
Health
Town Dump
758.31
316.57
139.43
Sewer Survey and Plans
11,000.00 '
10,000.00
9,313.80
686.20
Chapter 90 Construction 1946
13,534.03
2,981.53
18.47
528.50
6,863.09
16,445.00
55.00
Fire
Fire Alarm System, North Ridge Road
16,500.00
Weights and Measures
503.50
5,125.00
5,122.07
2.93
114.00
Town Hall and Community Center Comm.
20,802.00
20,488.61
313.39
375.00
308.75
66.25
16,500.00
100.00
100.00
4,537.50
60.95
835.95
Honor Roll
4,000.00 2,500.00 142,785.00
Eunice Caldwell Cowles Scholarship Library
3,700.00
32.05
3,732.05
1,376.16
45.84
Federal Works Agency, Survey and Plans
4,000.00
2,400.00
1,600.00
155.63 90.15
1,865.00
90.47 1,186.93
322.85
206.00 15,836.93
106.52
U. S., Aid to Dependent Children, Aid
171.46
1,436.75
2,000.00
Castle Hill Land Title
Water Operations
1,357.86
REPORT
OF
STATE AUDIT
OF THE
Books and Accounts
OF THE
TOWN OF IPSWICH
634
THE BIR MIPLACE OF AMERICAN INDEPENDENCE 100.
For The Period From November 15, 1945 To January 17, 1947
Ipswich Chronicle Publishing Co., Printers Ipswich, Mass.
63
IPSWICH TOWN REPORT
May 12, 1947
To the Board of Selectmen
Mr. Brainard C. Wallace, Chairman Ipswich, Massachusetts
Gentlemen :
I submit herewith my report of an audit of the books and accounts of the town of Ipswich for the period from November 15, 1945 to January 17, 1947, made in accordance with the provisions of Chapter 44, General Laws. This is in the form of a report made to me by Mr. Herman B. Dine, Assistant Director of Accounts.
Very truly yours,
FRANCIS X. LANG
Director of Accounts .
Mr. Francis X. Lang
Director of Accounts
Department of Corporation and Taxation
State House, Boston
Sir:
In accordance with your instructions, I have made an audit of the books and accounts of the town of Ipswich for the period from November 15, 1945, to date of the previous examination, to January 17, 1947, the following report be- ing submitted thereon:
64
IPSWICH TOWN REPORT
An examination and verification was made of the re- corded financial transactions of the town as shown on the books of the departments receiving or disbursing money or committing bills for collection.
The books and accounts in the town accountant's office were examined and checked in detail. The recorded receipts were checked with the treasurer's cash book and with the records of departmental payments to the treasurer, while the recorded disbursements were checked with the treasury warrants and with the record of payments by the treasurer.
The appropriations, loan orders, and transfers, as listed from the town clerk's record of town meeting votes, were checked to the appropriation accounts in the accountant's ledger.
An analysis was made of the ledger accounts, a trial balance was drawn off proving the accounts to be in balance, and a balance sheet, which is appended to this report, was prepared showing the financial condition of the town on January 17, 1947.
The books and accounts of the town treasurer were examined and checked. The receipts, as recorded, were analyzed and compared with the records of payments to the treasurer by the several departments and with the other sources from which the town received money, while the recorded payments were compared with the selectmen's war- rants and with the accountant's books.
The cash book was footed throughout for the period of the audit and the cash balance on January 17, 1947 was verified by reconciliation of the bank balances with state- ments furnished by the banks in which town funds are deposited, by actual count of the cash in the office, and by
65
IPSWICH TOWN REPORT
examination of the savings bank book and securities which represent a part of the treasurer's cash.
The payments of maturing debt and interest were compared with the amounts falling due and with the can- celled securities and coupons on file. The unpaid bond and coupons were reconciled with a statement furnished by the bank in which such funds are deposited.
The transactions of the several trust and investment funds in the custody of the town treasurer, the treasurer of the library trustees, and the treasurer of the Manning School Fund were verified. The securities and savings bank books representing the investment of these funds were personally examined and listed.
The tax titles held by the town were listed from the records of the treasurer and all transactions pertaining thereto were verified, including a comparison with the records at the Registry of Deeds.
The books and accounts of the town collector were examined and checked. The recommitment and commit- ments of taxes and assessments, as well as of departmental, municipal light and water accounts, were examined and checked with the accountant's books. The recorded collec- tions were checked with the payments to the treasurer and with the accountant's records, the abatements were com- pared with the departmental records of abatements granted, and the outstanding accounts were listed and proved to the accounts in the accountant's office.
The outstanding accounts were further verified by mailing notices to a number of persons whose names ap- peared on the books as owing money to the town, the replies received thereto indicating that the accounts, as listed, are correct.
66
IPSWICH TOWN REPORT
Attention is called to the overdue cemetery accounts and it is urged that prompt settlement of these accounts be obtained.
The records of receipts from licenses and permits issued by the selectmen, the health department, and the town clerk were examined and checked and the payments to the town treasurer and to the State were verified.
The surety bonds furnished by the departmental offi- cials for the faithful performance of their duties were examined and found to be in proper form.
The records of the sealer of weights and measures,. of the police, school, library, and cemetery departments, as well as of all other departments collecting money for the town or committing bills for collection, were examined and checked.
Appended to this report, in addition to the balance. sheet, are tables showing a reconciliation of the treasurer's cash, summaries of the tax, assessment, tax title, tax pos- session, departmental, municipal light, and water accounts, as well as tables showing the condition and transactions of the several trust and investment funds.
During the progress of the audit, cooperation was re- ceived from the several officials, for which I wish, on behalf of my assistants and for myself, to express appreciation.
Respectfully submitted,
HERMAN B. DINE
Assistant Director of Accounts.
TOWN OF IPSWICH Balance Sheet - January 17, 1947 GENERAL ACCOUNTS
Assets
Liabilities and Reserves
Cash and Securities :
General
$296,390.19
Electric Meter Guarantees
Special Deposit 5,534.32
$301,924.51
Tailings
Dog Licenses-Due County
Trust Funds Income : Richard T. Crane, Jr.,
Picnic Fund
172.25
Poll
$ 2.00
Personal
16.38
Real Estate
187.40
Cemetery Perpetual Care Bequests
150.00
Sale of Cemetery Lots Fund
3,899.00
Highway Machinery Fund
983.32
Sale of Real Estate Fund
135.00
Poll
42.58
Personal
2,349.08
Real Estate
20,411.97
Estimated Receipts : General 925.13
22,803.63
Water
4,718.21
5,643.34
23,009.41
Payroll Deductions:
Withholding Tax $902.80
Essex County Retirement System 268.47
Blue Cross 118.90
$1,290.17 1,038.78 7.20
Accounts Receivable :
Taxes:
Levy of 1945:
Cemetery Perpetual Care Funds 312.50
484.75
205.78
Levy of 1946:
Motor Vehicle Excise Taxes : Levy of 1945 Levy of 1946 Levy of 1947
6.00 237.90
32.76
276.66
Tax Titles and Possessions : Tax Titles
8,300.04
Tax Possessions
2,252.25
10,552.29
Departmental :
Rent of Town Property
84.00
Police
178.00
Moth
47.50
Health
431.93
Depreciation 104,727.56
Highway
30.50
Aid to Dependent Children
462.31
Veterans' Benefits
900.00
School
410.00
Cemetery
699.75
Construction 55,862.70
257,157.94 7,223.60
Electric Light
Water Rates
5,564.40
Water Liens
517.20
Water Liens Added to Taxes
1946
37.12
Levy of 1945
Levy of 1946
205.78 3,194.09
Water Liens Added to Tax Titles 32.93
Federal Grant:
Aid to Dependent Children: Aid 171.46
Electric Light Meter Guarantee Deposits 3,172.98
Electric Light Meter Guarantee Deposits Interest 2,361.34
Unexpended Balances : General 78,580.76
Electric Light :
Operations $ 17,986.92
122,714.48
Water:
3,243.99 8,003.84
Reserve Fund-Overlay Surplus Overlays Reserved for Abatement of Taxes :
6,151.65
3,399.87
Overlay Deficits : Levy of 1941
120.00
Motor Vehicle Excise Tax
276.66
Tax Title
8,300.04
Tax Possession 2,252.25
Departmental
3,243.99
Electric Light
8,003.84
Water
6,151.65
Underestimates 1946: State Parks and Reservations Assessment
158.25
County Tax
326.01
Surplus Revenue :
484.26
General
48,295.31
Payments in Anticipation of Appropriations
14,060.32
52,744.23
$368,091.41
$368,091.41
DEBT ACCOUNTS
Net Funded or Fixed Debt
$114,000.00
High School Loan 1935
$54,000.00
Highway and Fire Equipment Loan 1946
20,000.00
Water Loan-Addition 1927
2,000.00
Water Extension Loan 1938
7,000.00
Water Loan-Additional Supply 1942
6,000.00
Water Mains Extension Loan 1946
25,000.00
$114,000.00
$114,000.00
Levy of 1942 Levy of 1943
108.00
156.48
384.48
Revenue Reserved Until Collected :
28,228.43
Watee
4,448.92
TRUST AND INVESTMENT ACCOUNTS
Trust and Investment Funds Cash and Securities: In Custody of Treasurer In Custody of Trustees
$167,782.61
Eunice Caldwell Cowles Scholarship Fund Mark Newman Memorial Fund
$10,150.42
5,314.08
521.58
John C. Kimball Library Fund Mrs. William G. Brown Animal Fund 2,123.97
Marianna T. Jones Fund
816.59
Richard T. Crane Jr., Picnic Fund
33,716.99
Martha I. Savory Tree Fund
296.38
Dow Boulder Memorial Fund
142.85
Cemetery Perpetual Care Fund
60,949.75
Post-War Rehabilitation Fund
50,000.00
Stabilization Fund
3,750.00
Burley Educational Fund
7,474.51
Brown School Fund
3,208.30
Manning School Fund
29,969.49
R. H. Manning School Fund
18,643.68
Feoffees of The Grammar School of Ipswich Fund
53,140.17
Heard Library Fund
8,692.11
Elizabeth R. Lathrop
Library Fund
1,854.00
Library Building Fund
84.98
Miss Abby Newman Library Fund
2,053.76
George Spiller Library Fund
1,812.05
Treadwell Library Fund
18,121.52
146,055.47
$313,838.08
146,055.47
$167,782.61
$313,838.08
REPORTS
OF THE
Funds, Trusts, Trustees' and Feoffees, OF
IPSWICH, MASS.
MASS
IM Sai
A
INC
634
THE BIRTHPLACE OF AMERICAN INDEPENDENCE
FOR THE YEAR ENDING DECEMBER 31, 1947
and the
THREE HUNDRED AND FOURTEENTH YEAR. of the
TOWN'S INCORPORATION
Ipswich Chronicle Publishing Co., Printers Ipswich, Mass.
75
IPSWICH TOWN REPORT
Town Accountant's Report
To the Citizen of Ipswich:
I submit herewith the annual reports of the following funds as compiled by their respective Treasurers. The securities and savings bank books representing the invest- ment of the trust and investment funds in the custody of the treasurer, the treasurer of the library trustees, and the treasurer of the Manning School Fund have been examined and listed, the income being proved and the transfers to the town, as well as the disbursements, being verified.
BRAINARD C. WALLACE
Town Accountant
Essex, ss.
Then personally appeared Brainard C. Wallace, Town Accountant of the Town of Ipswich, and made oath that the above statement made by him is true.
WALTER E. CALLAHAN
Notary Public
My Commission expires February 27, 1954.
76
IPSWICH TOWN REPORT
Report of Trust Fund Commissioners
To the Citizens of Ipswich:
The report of the Trust Fund Commissioners for the year 1947 is submitted herewith.
We have carried out our duties in accordance with the vote at the Annual Town Meeting, April 8, 1929, which created the Trust Fund Commission, and their responsi- bilities as further specified in the by-law passed at the Annual Town Meeting held March 2, 1942.
Transactions affecting both the principal and interest of the funds coming under our jurisdiction will be found in detail in the report of the Town Treasurer in this Annual Town Report.
Respectfully submitted,
CHARLES E. GOODHUE, JR. GEORGE C. PARSONS EDWARD J. MARCORELLE.
Eunice Caldwell Cowles Fund
Balance, January 1, 1947
$10, 150.42
Income:
Ipswich Savings Bank $ 3.26
250.00
253.26
Balance December 31, 1947
$10,203.68
77
IPSWICH TOWN REPORT
SECURITIES COMPRISING FUND
Two (2) $5000.00 Series G. War Savings Bonds $10,000.00
On Deposit Ipswich Savings Bank 203.68
$10,203.68
JOHN E. GRANT,
Treasurer.
Mrs. William G. Brown Fund
The Town of Ipswich in Trust, the income to be used under the direction of the Selectmen by the Agent of the Society of the Prevention of Cruelty to Animals.
Balance, January 1, 1947
$2,123.97
Income: Ipswich Savings Bank
42.68
Balance, December 31, 1947
$2,166.65
On deposit Ipswich Savings Bank December 31, 1947 $2,166.65
JOHN E. GRANT,
Treasurer.
78
IPSWICH TOWN REPORT
Dow Boulder Memorial Fund
Balance, January 1, 1947
142.85
Income: Ipswich Savings Bank
2.86
Balance, December 31, 1947
$ 145.71
On Deposit Ipswich Savings Bank December 31, 1947
$ 145.71
JOHN E. GRANT,
Treasurer.
Marianna T. Jones Fund
Balance, January 1, 1947
$ 816.59
Income: Ipswich Savings Bank
16.40
Balance, December 31, 1947
$ 832.99
On deposit Ipswich Savings Bank December 31, 1947
$ 832.99
JOHN E. GRANT,
Treasurer.
IPSWICH TOWN REPORT
79
John C. Kimball Fund
The Town of Ipswich, Trustee under the will of John C. Kimball, income to be used for the purchase of books for the Ipswich Public Library.
Balance, January 1, 1947 $ 521.58
Income: Ipswich Savings Bank
10.47
$ 532.05
Expenditures : Ipswich Public Library
$ 32.05
Balance, December 31, 1947
$ 500.00
On Deposit Ipswich Savings Bank December 31, 1947
$ 500.00
JOHN E. GRANT,
Treasurer.
Mark Newman Memorial Fund
Balance, January 1, 1947
$5,314.08
Income: Ipswich Savings Bank
106.81
Balance, December 31, 1947
$5,420.89
On Deposit Ipswich Savings Bank December 31, 1947
$5,420.89
JOHN E. GRANT,
Treasurer.
.80
IPSWICH TOWN REPORT
Richard T. Crane, Jr. Picnic Fund
Balance, January 1, 1947
$33,716.99
Income :
Ipswich Savings Bank
$
82.47
Stock & Bonds
1,312.75
1,395.22
$35,112.21
Expenditures :
Picnic 1,186.93
Balance, December 31, 1947
$33,925.28
SECURITIES COMPRISING FUND
Purchased
40 Shares Crown Cork & Seal
No. 2 Pfd. $2,032.72
20 Shares Eastern Gas & Fuel 41/2% Pfd. 1,972.67
20 Shares International Paper 5% Pfd. 2,293.47
10 Shares American Tel. & Tel. 1,937.12
25 Shares Boston Elevated 1,983.34
50 Shares Commonwealth Edison 1,699.02
30 Shares Chesapeake & Ohio 1,730.05
50 Shares Loews Inc. 1,563.40
5 Shares United Shoe 418.88
25 Shares United Shoe 2,070.92
30 Shares Fidelity Phoenix Fire Ins. 1,865.09
$5,000 U.S.A. Savings Bonds Series "G" 21/2% 5,000.00
-
81
IPSWICH TOWN REPORT
$5,000 U.S.A. Treasury 21/2's, 1972-67 5,000.00
*5 Shares International Paper Common
*20 Shares International Paper 4% Pfd. March 28 20 Shares First Nat'l Bank of Boston 1,013.27
30 Shares North American Co. 831.26
October 27
1 Share Wisconsin El Power Co., December 31
(Div. Shares from No. Am. Co., no value until sold.).
6 Shares Potomac Elec. Power Co.,
(Div. Shares from No. Am. Co., no value until sold.)
5 Shares Wisconsin Elec. Power Co.,
(Div. Shares from No. Am. Co., no value until sold.). On Deposit Ipswich Savings Bank 4,268.13
35,679.34
Sold
#20 Shares International Paper 5% Pfd. Mar. 28-25 Shares Boston Elevated 1,516.02 Mar. 28-5 Shares Intern'l Paper Common 238.04
1,754.06
Balance, December 31, 1947
$33,925.28
* 20 Shares of International Paper 5% Pfd. exchanged for 5 shares of International Paper Common and 20 Shares of International Paper 4% Pfd.
JOHN E. GRANT,
Treasurer.
82
IPSWICH TOWN REPORT
Martha I. Savory Fund
Balance, January 1, 1947
$ 296.38
Income: Ipswich Savings Bank
1.93
Balance, December 31, 1947
$ 298.31
SECURITIES COMPRISING FUND
On deposit Ipswich Savings Bank December 31, 1947
298.31
This Fund also includes two (2) shares Western Union Telegraph Stock per value $200.00
JOHN E. GRANT,
Treasurer ..
Post War Rehabilitation Fund
Transferred by vote of Town Meeting held March 6, 1944 : Surplus Revenue $32,000.00 18,000.00
Electric Light Operations
$50,000.00
83
IPSWICH TOWN REPORT
SECURITIES COMPRISING FUND
Four (4) $5,000.00 Series C. War Savings Bonds $20,000.00 Three (3) $10,000.00 Series C. War Savings Bonds 30,000.00
$50,000.00
JOHN E. GRANT,
Treasurer.
Stabilization Fund
Transferred by vote of Town Meeting held by adjournment April 1, 1946 : Surplus Revenue $3,750.00
Balance, January 1, 1947
$3,750.00
Income: Ipswich Savings Bank
43.81
Balance, December 31, 1947
$3,793.81
On deposit Ipswich Savings Bank December 31, 1947
$3,793.81
JOHN E. GRANT,
1
Treasurer.
84
IPSWICH TOWN REPORT
Cemetery Trust Funds
Name of Fund
Original Bequest
Balance
Balance Income Expended Dec. 31
Adams, John P.
$100.00
$102.54
$ 2.30
$ 3.00
$101.84
Allen, Prince A.
100.00
106.37
2.37
6.50
102.24
Anderson, Pauline H.
100.00
100.00
2.25
2.00
100.25
Andrews
150.00
379.00
7.83
9.00
377.83
Andrews, Reuben
100.00
100.67
2.26
2.00
100.93
Appleton, Francis R.
400.00
408.83
8.67
10.00
407.50
Appleton, General James
250.00
332.49
7.14
8.00
331.63
Archer, Nathaniel
100.00
118.66
2.62
3.00
118.28
Atkinson, Walter S.
50.00
51.39
1.27
1.50
51.16
Atkinson, Wesley B.
50.00
50.00
1.25
1.00
50.25
Bailey, Elizabeth A.
50.00
58.41
1.41
2.00
57.82
Bailey, Mabel L. Sullivan
& Julia A. Jewett
150.00
150.25
3.25
3.00
150.50
Baker & Dixon
90.00
133.58
2.93
3.00
133.51
Baker, Alfred
50.00
50.00
1.25
1.00
50.25
Baker, Charles H.
175.00
195.26
4.15
4.50
194.91
Baker, Isabelle
150.00
152.36
3.29
3.00
152.65
Baker, John
150.00
153.69
3.33
4.00
153.02
Baker, Samuel H.
50.00
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