USA > Massachusetts > Essex County > Ipswich > Town annual report of Ipswich 1949 > Part 2
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
13,769.00
School Nurse
1,805.12
School Doctor
650.00
School Dentist
600.00
Health Supplies
45.33
Insurance
922.23
In Service Training
569.04
Vocational Education-Tuition
1,376.02
Graduation Expenses
110.90
Express and Trucking
123.00
Americanization Classes-
Salaries and Expenses
60.00
WVar Service Retirement Fund
30.55
Maintenance and Repairs-
Buildings and Grounds
16,965.82
New Equipment
2,297.18
Advertising
26.88
Services
54.00
177,287.52
Balance Transferred to 1950
1,676.48
178,964.00
IPSWICH TOWN REPORT
49
E. C. COWLES, SCHOLARSHIP
Receipts
250.00
Scholarships
250.00
LIBRARY
Appropriation
5,150.00
Librarian
1,700.00
Assistant Librarian
900.00
Books and Periodicals
1,316.97
Janitor
480.00
Maintenance, Building and Grounds
232.62
Fuel
202.96
Treasurer
175.00
Electricity and Water
56.57
5,093.43
Transferred to Revenue
56.57
5,150.00
Parks and Playgrounds
PARKS
Appropriation
2,111.00
Superintendent
75.00
Labor
676.00
Tree Trimming
600.00
Plants and Bulbs
183.25
50
IPSWICH TOWN REPORT
Rent 159.96
Maintenance of Equipment
67.98
Tools and Supplies
36.50
Water
24.00
Truck Hire
4.50
1,827.19
Transferred to Revenue
283.81
2,111.00
PLAYGROUNDS
Appropriation
1,868.00
Refunds
109.12
1,977.12
Supervision
75.00
Labor
1,347.00
Tools and Supplies
255.40
Repairs to Buildings and Grounds
61.68
Maintenance of Equipment
36.82
Rental, Bleachers
50.00
Clerk
25.00
Water
...
6.00
Electricity
1.00
1,857.90
Transferred to Revenue
119.22
1,977.12
IPSWICH TOWN REPORT
51
PLAYGROUND EQUIPMENT AND IMPROVEMENT
Balance, January 1, 1949
317.61
Labor
57.00
Equipment
65.22
Rental of Equipment
67.50
Maintenance of Equipment
1.51
191.23
Balance Forwarded to 1950
126.38
317.61
PLAYGROUND RECREATION PROJECT
Appropriation
1,350.00
Instructors
994.68
Transportation
250.00
Supplies
105.32
1,350.00
Unclassified
MEMORIAL BUILDING
Appropriation
4,755.00
Janitor
1,800.00
Repairs-Buildings
1,112.44
Fuel
821.73
Supplies and Equipment
152.93
Gas
149.39
Water
38.60
Electricity
36.12
52
IPSWICH TOWN REPORT
1.7
Maintenance of Grounds
17.00
Repairs-Equipment
5.00
Labor
10.50
Truck Hire
10.00
4,153.71
Transferred to Revenue
601.29
4,755.00
PENSIONS
Appropriation
4,097.00
Pensions
3,560.76
Transferred to Revenue
536.24
4,097.00
CONTRIBUTORY PENSION SYSTEM
Appropriation
8,606.00
County of Essex, Assessment
8,606.00
TOWN CLOCK
Appropriation
75.00
Care and Maintenance
75.00
MEMORIAL DAY
Appropriation Transfer-Reserve Fund
840.00
4.32
844.32
53
IPSWICH TOWN REPORT
Bands
475.00
Flowers and Plants
204.00
Flags
104.50
Transportation
39.00
Painting Markers
21.82
844.32
HONOR ROLL
Balance, January 1, 1949
90.34
Care and Maintenance
83.00
Transferred to Revenue
7.34
90.34
IPSWICH HOUSING AUTHORITY
Balance, January 1, 1949
478.77
Supplies
19.53
Travelling Expenses
5.50
Express
2.22
27.25
Balance Transferred to 1950
451.52
478.77
R. T. CRANE, JR., PICNIC FUND PICNIC
Receipts
1,157.27
Candy
276.00
Transportation
195.00
Ice Cream
167.65
54
IPSWICH TOWN REPORT
Equipment
110.55
Tents
100.00
Labor
100.39
Police, Life Guards
88.00
Refreshments
62.75
Supplies
37.43
Printing
12.00
Ice
7.50
1,157.27
UNPAID BILLS 1948
3,435.00
Refund
133.25
3,568.25
Unpaid Bills 1948
3,435.48
Transferred to Revenue
132.77
3,568.25
R. T. CRANE, JR., PICNIC FUND ADM.
Receipts
57.00
Administration Expense
57.00
RESERVE FUND
Appropriation
2,211.62
Transfer Overlay Reserve
2,788.38
5,000.00
Transfers Finance Committee
4,201.72
Transferred to Revenue
798.28
5,000.00
Appropriation
IPSWICH TOWN REPORT
55
CEMETERIES
Appropriation
12,650.00
Receipts-Perpetual Care
1,696.05
Refunds
3.45
14,349.50
Superintendent
2,600.00
Clerical
31.00
Telephone
91.83
Office Supplies
30.56
Labor
7,881.00
Equipment
129.82
Maintenance of Equipment
903.15
Plants, Loam, Fertilizer
492.26
Insurance
340.72
Tools and Supplies
123.48
Fuel
86.00
Water
48.00
Team Hire
23.62
Blasting
20.00
Rent
30.00
Tar and Road Oils
276.84
Sand and Gravel
28.72
Electricity
6.00
Care of Lot
10.00
13,153.00
Transferred to Revenue
1,196.50
14,349.50
56
IPSWICH TOWN REPORT
SOLDIERS GRAVES
Appropriation Labor
600.00 600.00
INTEREST AND MATURING DEBT
INTEREST
Balance, January 1, 1949
1.75
Appropriation
1,072.00
1,073.75
Interest Payments
1,073.75
MATURING DEBT
Appropriation
11,000.00
Note Payments
11,000.00
PREMIUM ON LOANS
Balance, January 1, 1949
8.75
Interest Payments 8.75
LIGHT HOUSE PROPERTY IMPROVEMENTS
Appropriation 1,500.00
Labor and Materials 121.50
Balance Forward to 1950
1,378.50
1,500.00
TOWN OF IPSWICH Balance Sheet - December 31, 1949 GENERAL ACCOUNTS
ASSETS
LIABILITIES AND RESERVES
Cash:
In Banks and Office
$204,474.15
Sale of Land of Low Value in Excess of Book Value 3.85
Dog Licenses Collected for County 2.40
Sale of Cemetery Lots Fund 2,934.00
Highway Machinery Fund 8,017.69
Sale of Real Estate Fund
2,590.40
Levy of 1947:
Poll
34.00
Personal
527.60
Real Estate
190.00
751.60
Levy of 1948:
Poll
116.00
Personal
1,148.37
Real Estate
1,149.10
2,413.47
Levy of 1949:
State and County :
Poll
107.86
Shellfish Reimbursement
2,194.87
Personal
5,165.20
Chapter 90 Construction 1949 715.22
2,910.09
41,092.36
44,304.11
Electric Light Meter Guarantee Deposits 3,540.98
Electric Light Meter Guarantee
Deposits-Interest Accrued
2,763.02
6,304.00
Motor Vehicle and Trailer Excise: Levy of 1947 367.08 Levy of 1948 913.04
14,586.52
Grants and Gifts:
Federal:
Aid to Dependent Children, Adm. 289.93
Aid to Dependent
Children, Aid 361.40
Old Age Assistance, Adm. 732.48
1,383.81
Real Estate 35,819.30
Tailings
1,038.18
Accounts Receivable: Taxes:
Levy of 1946:
Personal 46.68
Levy of 1949 3,444.29
4,724.41
Special Assessments:
Moth Added to Taxes
16.50
Construction
2,380.94
Operations 23,748.42
Depreciation 26,041.08
Tax Title and Possessions:
Tax Title A/R
6,538.66
Education A/R
77.00
Blue Cross Deductions 4.66
Departmental :
Taxes on Estates of
Deceased Persons
676.43
Town Property
404.00
Police
850.00
Health
1,327.79
Highway
76.60
Public Welfare
370.14
Aid to Dependent Children
894.75
Old Age Assistance
3,904.09
Veterans Services
388.70
Cemetery
999.75
9,892.25
State and County Aid to Highways
4,769.57
Revenue Reserved Until Collected:
Motor Vehicle and Trailer Excise 4,724.41
Special Assessments 16.50
Tax Title 6,538.66
Water Liens Added to Taxes 967.68
Unexpended Balances:
General 12,164.49
Electric Light:
52,170.44
Tax Possessions 5,657.99
12,196.65
Water:
Extensions 127.94
Masconomet Road 624.92
Softening Plant 44,741.81
Water Surplus 3,814.15
49,308.82
Reserve Fund-Overlay Surplus 2,666.04
Overlays Reserved for Abatement of Taxes :
Levy of 1946 46.68
Levy of 1947
751.60
Levy of 1948 2,433.45
Levy of 19449 3,511.85
6,743.58
Electric Light 27,873.13
Water:
Water
11,087.03
12,054.71
Tax Possession 5,657.99 Departmental 9,815.25
Underestimates 1949: Essex County Sanatorium Tax-1949 3,183.06
State and County Aid to Highways Electric Light
4,769.57
State Parks and
Water
12,054.71
Reservations-1949
219.41
71,450.22
6,484.86
769.23
Retirement System Deductions-Deficit
7.71
106,259.15
$326,798.05
$326,798.05
DEBT ACCOUNT
Net Funded or Fixed Debt
$89,200.00
High School Loan 1935
$36,000.00
Water Mains Extension Loan 1946 19,200.00
Highway and Fire Equipment Loan 1946 8,000.00
Water Mains Extension Loan 1948 8,000.00
Masconomet Road Water
Extension Loan 1948 6,000.00
Water Extension Loan 1938 4,000.00
Additional Water Supply Loan 1942 3,000.00
Water Extension Loan 1949
5,000.00
$89,200.00
$89,200.00
County Tax
3,082.39
Overestimate-1949 State Auditing Tax Surplus Revenue
27,873.13
TRUST AND INVESTMENT ACCOUNTS
Trust and Investment Funds: Cash and Securities: In Custody of Treasurer $156,730.82
In Custody of Trustees 144,853.33
$301,584.15
In Custody of Treasurer:
Cemetery Perpetual Care Fund $69,656.70
Richard T. Crane, Jr., Picnic Fund 31,929.96
Post-War Rchabilitation Fund 31,732.26
Eunice Caldwell Cowles Fund 10,161.17
Mark Newman Memorial Fund
5.127.35
Stabilization Fund
3,987.05
Mrs. William G. Brown Animal Fund
2.277.00
Marianna T. Jones Fund
875.39
John C. Kimball Fund
525.46
Martha I. Savory Fund 305.37
Dow Memorial Boulder Fund 153.11
In Custody of Trustees:
Manning School Fund 34,104.91
Feoffees Grammar School Fund 50,730.55
R. H. Manning Fund 16,340.91
Treadwell Library Fund
16,895.40
Burley Educational Fund
8,951.08
Heard Library Fund
8,593.29
Brown School Fund 3,231.39
Mrs. Abbey L. Newman Library Fund
2,253.87
Elizabeth R. Lathrop Fund
1,854.90
George Spiller Fund
1,812.05
Library Building Fund 84.98
$301,584.15
$301,584.15
٢٠.
REPORT
OF
STATE AUDIT
OF THE
BOOKS and ACCOUNTS
OF THE
Town of Ipswich
634
THE BIRTHPLACE OF AMERICAN INDEPENDENCE 1681
FOR THE PERIOD FROM DECEMBER 20, 1947 TO MARCH 4, 1949
STANLEY A. HULL & SON, PRINTERS IPSWICH, MASS.
64
IPSWICH TOWN REPORT
September 16, 1949
To the Board of Selectmen Mr. Edwin H. Damon, 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 Decem- ber 20, 1947 to March 4, 1949, 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 Corporations 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 December 20, 1947, the date of the previous audit, to March 4, 1949, the following report being submitted thereon:
An examination and verification was made of the recorded financial transactions of the town as shown on the books of the departments receiving or disbursing money or committing bills for collection.
65
IPSWICH TOWN REPORT
The town accountant's ledger accounts were analyzed and checked in detail. The receipts, as recorded, were checked with the treasurer's books, while the payments were compared with the treasury warrants approved by the selectmen. The appropriations and transfers, as entered, were checked with the town clerk's record of town meetings and with the finance committee's records of transfers authorized from the reserve fund.
A trial balance was taken 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 as of March 4, 1949.
The books and accounts of the town treasurer were exam- ined and checked. The cash book additions were verified, the recorded receipts were compared with the accountant's books, with the records of the several departments collecting money for the town, and with other sources from which money is paid into the town treasury. The recorded payments were checked with the selectmen's warrants authorizing the treasurer to dis- burse town funds and with the accountant's ledger.
The cash balance on March 4, 1949 was proved by recon- ciliation of the bank balances with statements furnished by the banks of deposit, by examination of the savings bank book and securities making up a part of the cash balance, and by actual count of the cash in the office.
The payments on account of debt and interest were com- pared with the amounts falling due and by checking with the cancelled securities and coupons on file. The outstanding coupons were listed and reconciled with a statement furnished by the bank in which such funds are deposited.
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 Regis- try of Deeds.
66
IPSWICH TOWN REPORT
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 listed and the cash balances were reconciled.
The records of payroll deductions on account of federal taxes, the county retirement fund, and the Massachusetts Hos- pital Service, Inc., were examined and proved to the accoun- tant's ledger controls.
The assessors' warrants for the commitment of taxes, motor vehicle and trailer excise, assessments, and water liens were checked with the detailed lists. The assessors' records of abate- ments granted were reconciled with the collector's books and the accountant's ledger.
The books and accounts of the town collector were exam- ined and checked. The poll and property taxes, motor vehicle and trailer excise, and assessments outstanding according to the previous audit, as well as all subsequent commitments, were audited and checked to the warrants issued for their collection. The payments to the treasurer were checked to th treasurer's cash book, the recorded abatements were compared with the assessors' records of abatements granted, the amounts trans- ferred to the tax title account were verified, and the outstanding accounts were listed and reconciled with the respective ledger accounts.
The commitments of departmental, municipal light, and water charges were examined and checked. The collections as recorded were compared with the payments to the treasurer, the abatements and discounts were verified, and the outstanding accounts were listed and proved with the accountant's ledger.
The outstanding tax, motor vehicle and trailer excise, assess- ment, departmental, municipal light, and water accounts were verified by mailing notices to a large number of persons whose
67
IPSWICH TOWN REPORT
names appeared on the books as owing money to the town, the replies received thereto indicating that the accounts, as listed, are correct.
It is urged that prompt action be taken to secure settle- ment of the overdue tax, motor vehicle and trailer excise, and departmental accounts.
The financial accounts of the town clerk were examined. The records of dog and sporting licenses were checked, the payments to the State being compared with the receipts on file and the payments to the town treasurer being checked to the treasurer's cash book.
The surety bonds of the officials required by law to fur- nish them were examined and found to be in proper form.
The records of licenses and permits issued by the select- ment and the health department were examined and checked, and the payments to the town treasurer were verified.
The records of receipts of the sealer of weights and measures and of the town weigher, of the police, school, and cemetery departments, as well as of all other departments collecting money for the town, were examined and checked. The pay- ments to the treasurer were verified and the cash on hand in the several departments was proved by actual count.
There are appended to this report, in addition to the bal- ance sheet, tables showing a reconciliation of the treasurer's cash, summaries of the tax, motor vehicle and trailer excise, assessment, tax title, tax possession, departmental, municipal light, and water accounts, as well as tables relative to the trust and investment funds.
For the co-operation extended by all the city officials during the progress of the audit, 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 - March 4, 1949 GENERAL ACCOUNTS
ASSETS
LIABILITIES AND RESERVES
Cash and Securities:
Payroll Deductions:
General $153,046.56
Electric Meter Guarantees,
Special Deposit 6,070.28
Veterans' Housing Rentals 896.00
Veterans' Housing Special
Deposit 934.00
Tailing's 1,038.18
$160,946.84
Sale of Cemetery Lots Fund
2,844.00
Highway Machinery Fund
3,848.55
Sale of Real Estate Fund
1,100.00
Excess from Sale of Lands of
Low Value, Section 79, Chapter 60, General Laws 3.85
Real Estate
$ 68.40
Levy of 1946:
Poll . $2.00
Personal
Cemetery Perpetual Care Bequests
Trust Fund Income: 250.00
Property 101.94
Federal Taxes $1,740.40
Retirement System 838.87
Blue Cross 36.40
$ 2,615.67
Accounts Receivable:
Taxes :
Levy of 1945:
Dog Licenses Due County
16.20
Veterans' Housing Rentals 1,830.00
Real Estate 92.15
Levy of 1947:
Poll
$
60.00
Personal
Property 1,203.90 Real Estate 1,902.68
3,166.58
$ 68.37
Levy of 1948:
Poll
$
410.00
Personal
Property 5,075.63 Real Estate 33,889.09
39,374.72
42,805.79
Assistance
3,303.69
3,439.99
Levy of 1947 $ 636.09
Levy of 1948 1,819.24
Levy of 1949 2,800.01
5,255.34
Federal Advance- Survey and Plans
5,095.27
Electric Light Meter Guarantee Deposits
3,382.98
Electric Light Meter Guarantee Deposits Interest 2,687.30
Tax Possessions
9,725.72
Cemetery Perpetual Care $312.50 R. T. Crane, Jr., Picnic 258.35
570.85
Federal Grants: Aid to Dependent Children: Administration Aid 128.15
196.52
Old Age Assistance:
Administration
$
136.30
Motor Vehicle and Trailer Excise:
3,636.51
Special Assessments: Moth: Levy of 1948 26.00
Tax Titles and Possessions: Tax Titles $4,067.73 5,657.99
196.09
Unexpended Balances: General $28,361.95
Departmental:
Taxes on Estates of Deceased Persons
$. 676.43,
Rent of Town Property 1,144.00
Police 714.00%
Health
1,656.51
Highway
86.10
Temporary Aid 871.60,
Aid to Dependent Children
1,198.92
Old Age Assistance 3,947.47
Veterans' Services
1,975.47
School
676.00
Cemetery
999.75
Electric Light Department
4,445.67
Water Department:
Rates $4,059.28
Liens Added to Taxes:
Levy of 1947 451.96
Levy of 1948 376.32
4,887.56
State and County Aid to Highways
11,100.00
Underestimates 1948:
State Parks and Reservations $ 72.54
Electric Light :
Operations
$14,857.35,
Construction
3,436.85
Depreciation
54,802.25
73,096.45,
Water:
Construction 47,796.31
149,254.71
Reserve Fund-Overlay Surplus 3,781.21
Overlays Reserved for Abatements of Taxeş:
Levy of 19.45 $ 68.40
Levy of 1946, 196.09
Levy of 1947 3,166.58
Levy of 1948 3,131.10
6,562.17
Revenve Reserved Until Collected;
Motor Vehicle and Trailer Excise $5,255.34
Special Assessment 26.00
Tax Title 4,067.73
Tax Possession 5,657.99
13,946.25
County Tax 1,255.90 Essex County Tuberculosis Hospital 70.72
Departmental
13,946.25
Electric Light 4,445.67
Water
4,887.56
Overlay Deficits :
Levy of 1941
$4.00
Water Reserve
7,692.89
Levy of 1942
4.00
Water Surplus
3,401.86
Levy of 1943
2.00
Estimated Receipts Collected
24,050.44
Surplus Revenue
62,972.29
Expenditures in Anticipation of Appropriations
81,473.14
$336,021.47
$336,021.47
DEBT ACCOUNTS
Net Funded or Fixed Debt
$100,800.00
Highway School Loan 1935
$42,000.00
Highway and Fire Equipment Loan 1946 12,000.00
Water Extension Loan 1938 5,000.00
Water Loan - Additional Supply 1942 4,000.00
Water Mains Extension Loan 1946
20,800.00
Water Mains Extension Loan's 1948 10,000.00
Water Mains Loan 1948
7,000.00
$100,800.00
$100,800.00
1,399.16
Aid to Highways
11,100.00
49,386.54
10.00
TRUST AND INVESTMENT ACCOUNTS
Trust and Investment Funds Cash and Securities : In Custody of Treasurer In Custody of Trustees
$157,842.16
147,318.01
Eunice Caldwell Cowles Scholarship Fund $10,158.67
Mark Newman Memorial Fund 5,064.05
John C. Kimball Library Fund 518.98
Mrs. William G. Brown Animal Fund 2,248.90
Marianna T. Jones Fund
864.59
Richard T. Crane, Jr., Picnic Fund
33,504.15
Martha I. Savory Tree Fund
304.07
Dow Boulder Memorial Fund
151.22
Cemetery Perpetual Care Funds
69,378.81
Post-War Rehabilitation Fund
31,710.88
Stabilization Fund
3,937.84
Burley Educational Fund
8,787.81
Brown School Fund
3,230.14
Manning School Fund
33,350.70
R. H. Manning School Fund
16,108.20
Feoffees of The Grammar School of Ipswich
54,294.54
Heard Library Fund
8,483.31
Elizabeth R. Lathrop Library Fund 1,854.90
85.28
Library Building Fund
Miss Abby Newman Library Fund
2,200.37
George Spiller Library Fund 1,812.05
Treadwell Library Fund 17,110.71
$305,160.17
$305,160.17
REPORTS
OF THE
Funds, Trusts, Trustees 1
and Feoffees, OF
IPSWICH, MASS.
THE BIRTHPLACE OF AMERICAN INDEPENDENCE 1687
FOR THE YEAR ENDING DECEMBER 31, 1949 and the THREE HUNDRED AND SIXTEENTH YEAR of the TOWN'S INCORPORATION
STANLEY A. HULL & SON, PRINTERS IPSWICH, MASS.
75
IPSWICH TOWN REPORT
Town Accountant's Report
To the Citizens 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 investment of the trust and investment funds in the custody of the treasurer, the treas- urer of the library trustees, and the treasurer of the Manning School Fund have been examined and listed, the income being proved and the transfer to the town, as well as the disburse- ments, 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 1949 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 responsibilities as fur- ther 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, GEORGE C. PARSONS, Chairman CHARLES E. GOODHUE, JR. EDWARD J. MARCORELLE
77
IPSWICH TOWN REPORT
Eunice Caldwell Cowles Fund
Balance. January 1, 1949 $10,158.26
Income:
Ipswich Savings Bank $ 2.91
U. S. Treasury Bonds 250.00
252.91
$10,411.17
Paid for Scholarship in 1949
250.00
Balance, December 31, 1949 $10,161.17
SECURITIES COMPRISING FUND
Two (2) $5,000.00 Series G. War Savings Bonds $10,000.00
On deposit Ipswich Savings Bank 161.17
$10,161.17
JOHN E. GRANT,
Treasurer
78
IPSWICH TOWN REPORT
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, 1949
Income: Ipswich Savings Bank
$ 2,221.14 55.86
Balance, December 31, 1949
$ 2,277.00
On deposit Ipswich Savings Bank, December 31, 1949
$ 2,277.00
JOHN E. GRANT,
Treasurer
Dow Boulder Memorial Fund
Balance, January 1, 1949
$ 149.36
Income: Ipswich Savings Bank
3.75
Balance, December 31, 1949
$ 153.11
On deposit Ipswich Savings Bank, December 31, 1949 $ 153.11
JOHN E. GRANT,
Treasurer
-
IPSWICH TOWN REPORT
79
Marianna T. Jones Fund
Balance, January 1, 1949
$ 853.93
Income: Ipswich Savings Bank
21.46
Balance, December 31, 1949
$ 875.39
On deposit Ipswich Savings Bank, December 31, 1949 $ 875.39
JOHN E. GRANT,
Treasurer
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, 1949
Income: Ipswich Savings Bank
$ 512.58 12.88
$ 525.46
On deposit Ipswich Savings Bank, December 31, 1949 $ 525.46
JOHN E. GRANT,
Treasurer
SO
IPSWICH TOWN REPORT
Mark Newman Memorial Fund
Balance, January 1, 1949
$ 5,001.54
Income: Ipswich Savings Bank
125.81
$ 5,127.35
On deposit Ipswich Savings Bank, December 31, 1949
$ 5,127.35
JOHN E. GRANT,
Treasurer
Richard T. Crane, Jr., Picnic Fund
Balance, January 1, 1949
$33,200.34
Income:
Ipswich Savings Bank $ 90.81
Stocks and Bonds
1,297.43
1,388.24
$34,588.58
Expenditures:
Picnic
$1,157.27
New England Trust Co.
57.00
1,214.27
Balance, December 31, 1949
$33,374.31
81
IPSWICH TOWN REPORT
SECURITIES COMPRISING FUND
20 Shares Crown Cork & Seal No. 2 Pfd $ 1,016.36
EG Shares Eastern Gas & Fuel 4 Pfd. 1,972.67
5 Shares American Tel. & Tel. 968.56
50 Shares Commonwealth Edison 1,699.02
30 Shares Chesapeake & Ohio 1,730.05
50 Shares Loews Inc. 1,563.40
15 Shares Fidelity Phoenix Fire Inc.
932.55
$5.000.00 U.S.A. Treas. Series G. 2%
5,000.00
$5.000.00 U.S.A. Treas. 25's
5,000.00
10 Shares International Paper 4% Pfd.
1,027.72
20 Shares First National Bank of Boston
1,013.27
00 Shares North American Co.
831.26
SO Shares Virginia Elec. & Power Co. Common
1,395.61
15 Shares Phillips Petroleum Co. Common 895.28 15 Shares Standard Oil Co. of Calif. Common 1,004.03
15 Shares C. I. 1. Financial Corp. Common 888.08
15 Shares First Nat'l Stores Inc. Common 985.28
75/100 ths Standard Oil Co. of Calif. (Dividend Share )
3 Shares West Kentucky Coal Co. (Dividend Share )
7 Shares The Kansas Power & Lt. Co. (Dividend Share )
2/4 Shares The Kansas Power & Lt. Co. (Dividend Share ) On deposit Ipswich Savings Bank
Lost from sale of Stock
4,006.82
1,444.35
$33,374.31
JOHN E. GRANT,
Treasurer
32
IPSWICH TOWN REPORT
Nº 7
Martha I. Savory Fund
Balance, January 1, 1949
Income: Ipswich Savings Bank
$ 302.79 2.58
Balance, December 31, 1949
$ 305.37
SECURITIES COMPRISING FUND
On deposit Ipswich Savings Bank, December 31, 1949 $ 105.37
This Fund also includes two (2) shares Western Union Telegraph Stock per value $200.00 200.00
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.