USA > Massachusetts > Essex County > Ipswich > Town annual report of Ipswich 1956 > Part 9
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Our School System faces a number of problems, especially those of a growing system. I offer no magic solution to these problems because there is none. I offer my services based upon my background and training. All my life I have
worked with children of all age levels in their training and education. My back- ground in the field of education is rich in both actual schooling and practical experience. I have also had considerable legal training and feel that at least one member of the committee with a legal approach may make our problems less difficult.
WILLIAM C. WIGGLESWORTH, M.D., 78 County Road - Age 38
Harvard College, 1941; Harvard Medical School, 1944; 7 years post-graduate work in surgery and surgical research; Fellow American College of Surgeons; Diplomate National Board of Medical Examiners; Diplomate American Board of Surgery.
5 years surgical practice in Ipswich. Instructor at Boston University School of Medicine; Secretary of the Medical Staff, Cable Memorial Hospital. Member of the Staff of Mass. Memorial Hospitals, Boston; Salem Hospital, North Shore Babies Hospital. Interim appointment to Ipswich School Committee, June 1956 - March 1957.
I am running for election to the School Committee because I believe that the opportunity for a good education is the most important asset we can give our chil- dren, and I believe I can contribute towards this goal. I would work for the curriculum and facilities which would provide the best possible education for college preparatory and vocational students. I would continue to work towards a closer liaison between the School Committee, school authorities, parents and civic organizations. ' Though mutual understanding of each other's ideas, these groups can together achieve the educational program our children need as a foundation for their adult life.
For One Year Term (One Vacancy)
JAMES DOUGHTY, 18 Green Street - Age 38
I was educated in Ipswich schools, Phillips Exeter Academy, and Harvard. I am at present completing my courses for a Master's degree in education at Harvard. I have taught at schools in Connecticut, New York, and Mass. and at summer school in Maine. I have also worked for engineering firms in Conn. and Mass. I have served on the Ipswich 17th Century Day Committee. If elected, I shall contribute my time, effort and knowledge to the educational matters of Ipswich, keeping in mind both the best interests of the taxpayers and the students of Ipswich. I shall contribute an open-minded, realistic approach to the problems that confront the schools and the citizens, trying without bias or emotion, to find solutions that are equitable to all groups. And finally I shall contribute an opinion that for a man or woman to live happily in the complex world of today, it is necessary to provide the best education we can afford.
CLIFTON DUFF, Pine Street - Age 31
Born, raised, educated in Ipswich.
Father of 4 children. Served 31/2 years in Merchant Marine. Employed for 11 years by A&P Company, of which five as Meat Manager.
If elected to see what can be done about stopping Double Session. To study future school housing problem.
STANLEY EUSTACE, 25 High Street - Age 40
Ipswich Public Schools.
Knitter (Hayward Hosiery, Ipswich). Active Town Meeting Member; Former Chairman (12 years) Ipswich Playground Committee; Call Fireman (16 years) Ipswich Fire Department; Deputy Shellfish Commissioner (2 years). Member of several local civic groups.
If elected, I expect to contribute my experience and time towards solving some of our pressing school problems. I am interested in good educational facilities for our children that can be readily supported by our taxpayers. I am very much interested in the problems of our youth from the standpoints of proper educa- tion and good recreation. I will work at all times for the general good of the Town of Ipswich as in the past.
SELECTMAN CANDIDATES
For Three Year Term
(Two Vacancies)
HARRY E. MUNRO, Jeffreys Neck Road - Age 44 Attended Ipswich Schools, St. Johns Preparatory School, Boston University, Tex- tile Division, Georgia Institute of Technology. New England Manager of W. L. Barrell Company, a national textile organization.
5 years as a member of the Board of Selectmen, Ipswich.
During World War II served in the Army of the United States as both an enlisted man and officer. It is my belief that the experience obtained in the last five years as a member of the Board of Selectmen can and will be helpful in resolving the many problems that face the Town of Ipswich.
FRANK J. O'MALLEY, 51 East Street - Age 60 Education in the public schools of Hamilton.
Town Government has become a big task and its problems are ever increasing. For five years I have served on the Board of Selectmen, one year as Chairman ; and during that time have gained experience in solving many of the problems that have faced the Town. I have missed but few meetings and have attended many of the hearings at the State House on many issues of vital interest to the Town. I am a member of the Essex County Selectmen's Association and was recently elected Vice President. I am keenly interested in the Town that has been my home for 37 years, having served 25 of those years with the Fire Department, retiring in 1948. Because of the many problems caused by the rapid expansion of the Town, I feel there is no substitute for experience, and if re-elected, I will continue to serve to the best of my ability.
WALTER DZIADUL, Labor-in-Vain Road - Age 35
Graduate, Ipswich Public Schools; Graduate, Officer Candidate School, New London, Connecticut.
Associated with Daisy Lane, Inc., (Route Manager). Cubscout Master Troop No. 80, Ipswich; Skipper of Sea Explorers, Scouts, Ipswich; Member of Ipswich Outboard Club; Member of St. Laurence Literary Society; Member of Kosciusko Club; Member of Eagles Organization; Past Quartermaster of P.L.A.V. Post 92, Ipswich. Political experience - none.
As a taxpayer and father of four school-age children, I am greatly concerned with a conservative budget in order to maintain the lowest tax rate possible. I am also gravely concerned about the shortage of school housing needs in the Town of Ipswich. If I am elected, I will try to entice industry to the town in order to alleviate the tax rate. I will sincerely uphold with dignity and prin- ciples the office of Selectman holds.
CAPITAL EQUIPMENT
MISCELLANEOUS EQUIPMENT
Available : Appropriation
27,810.00
Expenditures :
Police Department Link Radio
380.40
Cruiser
1,425.00
4 Revolvers and Holsters 240.00
2,045.40
Public Works-Grounds and Buildings
Trucks 2,925.00
Pipe Cleaning Equip. (Steel rods, gaso- line engines) 949.40
3,874.40
Public Works-Highway
Trucks
7,220.00
Loader
13,261.80*
*Includes $1,300.00 transferred to Sani- tation Dept. Acct.
20,481.80
Public Works-Cemetery Power Mower 222.85
Trimmers
93.09
315.94
Playgrounds Baseball & Softball
Equip.
100.00
Volley Ball Standard 45.00
Reel Type Power Mower 175.00
Rotary Type Power Mower 125.00
Outdoor Baseball Stds. 300.00
Air Lift Trailer 347.46
1,092.46
27,810.00
27,810.00
85
SCHOOLS AND LIBRARIES
EDUCATION
Available: Appropriation Receipts from Feoffees of the Grammar School Refunds
382,184.33
5,000.00 59.22
Expenditures : General Control Expense of Instruction School Plant Operations Maintenance & Repairs Auxiliary Agencies Capital Outlay
18,083.93 259,038.22 34,747.06 13,313.04 47,978.33 7,299.64
To Revenue
6,783.33
387,243.55
387,243.55
ATHLETICS
Available: Appropriation
4,520.95
Expenditures : Miscellaneous To Revenue
4,520.79
.16
4,520.95
4,520.95
HIGH SCHOOL BOILER
Available: Balance Jan. 1
3,843.52
Expenditures: Balance to 1957
3,843.52
ELEMENTARY SCHOOL BUILDING FUND
Available:
Balance Jan. 1
Reserve Fund Transfer Refunds
558,059.85 6,000.00 1,558.30
Expenditures : Labor, Supplies & Equip- ment Per Contract Balance to 1957
552,908.25 12,709.90
565,618.15
565,618.15
SCHOOL BUILDING COMMITTEE
Available: Balance Jan. 1
4,946.82
Refund
5,625.46 599.75
Expenditures : Miscellaneous Balance to 1957
1,278.39
6,225.21
6,225.21
HIGH AND BURLEY CAFETERIAS - OPERATIONS
Available:
Balance Jan. 1 Receipts
2,758.68 33,931.85
Expenditures : Lunch Expenses Balance to 1957
34,699.54
1,990.99
36,690.53
36,690.53
WINTHROP CAFETERIA - OPERATIONS
Available: Balance Jan. 1 Receipts
51.78 12,764.84
Expenditures : Lunch Expenses Balance to 1957
11,341.37
1,475.25
12,816.62
12,816.62
LIBRARY
Available: Appropriation
15,000.00
Expenditures : Outside Services To Revenue
14,978.89 21.11
15,000.00
15,000.00
86
380,460.22
TRUST FUNDS
R. T. CRANE, JR. PICNIC FUND
Available : Receipts
1,348.39
Expenditures : Expenses of Picnic 1,348.39
EUNICE CALDWELL COWLES FUND
Available : Receipts
600.00
Expenditures : Scholarship Awards 600.00
MISCELLANEOUS FUNDS
Available :
Receipts from Portsmouth
Naval Base
Expenditures :
14 00
Welfare Contributions 14.00
CASH RECEIPTS AND CASH PAYMENTS SUMMARY
For the Year Ending December 31, 1956
General Account
Balance, January 1, 1956 Receipts
$ 344,184.10 3,745,714.93
4,089,899.03
Expenditures : Transferred to Payroll Account $ 711,952.33
All other 3,099,866.71
3,811,819.04
General Balance, December 31, 1956
$ 278,079.99
(For details of receipts and expenditures, see report of Town Accountant)
Payroll Account
Balance, January 1, 1956
Transferred from the General Account
$ 1,000.00 711,952.33
Expenditures
712,952.33 711,952.33
Payroll Balance December 31, 1956 $ 1,000.00
Composition of Balances
Cash in Banks:
General
New Elementary School
Cash in office
$ 242,830.67 12,521.92 23,727.40
$ 279,079.99
Invested in Treasury Bills $ 198,865.00
87
A cash book of monies received and expended was maintained. The cash balance was verified monthly by Reconciliation of check book balances with Bank Statements and cash on hand.
A schedule of receipts was rendered to the Town Accountant monthly.
Salary cards, showing gross earnings, withholding tax, retirement, blue cross, and net amount were kept on each employee. Deductions were proven with the Accountant's Ledger. A report on each employee, showing gross salary earned and retirement deducted was forwarded to the Essex County Retirement System monthly. W-2 Forms on each employee were made up.
A record of transactions on the Trust Funds in the Custody of the Town Treasurer was kept. The amount of Funds on hand December 31 were verified with Bank Book balances and Securities. A detailed report was submitted to the Trust Fund Commissioners.
There was one Tax Taking for non-payment of taxes. Six Titles were redeemed. There are now ten Titles on hand.
Ten Thousand Four Hundred Thirty-eight checks were issued on the Payroll account.
Eleven Thousand Seven Hundred-eight checks were issued on the Gen- eral Account.
Respectfully submitted,
Gladys M. Poole Treasurer
Committed for Collection
Motor Vehicle Excise 1953, Re-committed
$ 2.94
Motor Vehicle Excise 1955
4,340 81
Motor Vehicle Excise 1956
81,795.89
Poll
5,068 00
Personal
47,578.78
Real Estate
718,174 29
Moth added to Taxes 1956
50.00
Water Liens added to Taxes 1956
6,737.91
Electric Light
415,278.62
Water
86,037.40
Departmental Accounts Receivable
114,661.46
$1,479,726.10
88
STATEMENT OF COLLECTIONS
For Year Ending December 31, 1956
Taxes:
Current Year
Prior Years
$ 695,756 66 52,100.03
Motor Vehicle Excise:
Current Year Prior Years
67,752.79 10,713.76
Moth :
Current Year
50 00
Water Lien Added to Taxes:
Current Year
4,021.80
Prior Years
163.87
Interest :
Current Year
185.77
Prior Years
1,711.78
Costs:
Current Year
114.80
Prior Years
328.10
Tax Certificates
62 00
Electric Light
392,560.53
Water
83,339.20
Departmental Accounts Receivable
113,806.15
$1,422,667.24
Appended to this report is a breakdown on taxes, and departmental accounts receivable.
Commitments on Taxes and Excise were added and verified with the Assessor's Warrants.
The following bills were prepared and mailed:
Poll
2153
Personal
687
Real Estate 3075 Motor Vehicle Excise 2887
Departmental Accounts Receivable bills, exclusive of Electric Light and Water were sent out monthly.
Demands on Taxes and Excise remaining unpaid after the due date were sent out. Notices on delinquent Electric Light accounts were issued monthly.
Cash receipts were proven daily. All receipts, refunds and abatements on Taxes, Excise and Departmental Accounts Receivable, exclusive of Elec- tric Light and Water, were recorded in a cash book, and posted to individual accounts. Electric Light and Water receipts were proven daily and turned over to the Billing Department.
89
A schedule of Collector's payments to the Treasurer was prepared monthly.
Ninety-one and nine-tenths per cent of taxes committed in 1956 have been collected.
Two per cent of the 1955 Real Estate Taxes remain unpaid.
The following bills, as shown by the Cash Register, were paid to the Town during the year:
Poll
1947
Personal
653
Real Estate
3522
Motor Vehicle Excise
3166
Electric Light
29817
Water
8155
Miscellaneous
1910
49170
Respectfully submitted,
Gladys M. Poole, Collector
90
DETAILED STATEMENT OF PAYMENTS
For the Year Ending December 31, 1956
Departmental Expenditures 1,055,348.40
Federal Grants:
Welfare Administration
5,585.30
Aid to Dependent Children
1,454.71
Disability Assistance
7,611.36
Old Age Assistance 64,554.15
79,205.52
State & County Requirements:
Parks & Reservations 1956
1,814.39
County Tax 1956
24,625.60
County Sanatorium Tax
9,370 67
State Audit
1,522.05
37,332.71
Agency :
Dog Licenses for County
1,984.20
Dog Sales for County
6.00
Retirement Deductions
19,795.65
Withholding Tax Deductions
75,906.92
Blue Cross Deductions Donations 14.00
10,763 45
108,470.22
Trust Funds :
Cemetery Perpetual Care Bequests
2,675.00
Cemetery Perpetual Care Fund Income
802 03
R. T. Crane Jr. Picnic Fund Expense
1,348.39
Martha I. Savory Fund
8.00
Eunice Caldwell Cowles Fund
1,200 00
Fanny L. Appleton Memorial Fountain Fund
25 00
Mark Newman Memorial Fund
300.37
6,358.79
Mass. Shellfish Reimbursement
965.60
Electric Light :
Operations Construction
350,905.38 6,130.49
Extending & Enlarging Plant & System
243,478.21
600,514.08
Water Department: Operations & Extensions Water Standpipe & Pumping Station
181,343.09
10,752.82
192,095.91
Maturing Debt
35,000.00
Interest on Maturing Debt
14,287.50
Refunds :
Personal Tax 1955
12.26
Real Estate 1955
287.85
Poll 1956
3.00
Personal 1956
178.75
Meter Deposits & Interest
958.25
Real Estate 1956
2,183.95
M V X 1955 648.07
M V X 1956
1,313.72
Water Liens 1956
227.46
Electric Light Water
47.25
Interests & Costs
24.06
7,088.02
Treasury Bills
770,798.00
Loans in Anticipation of Bond Issues
350,000.00
Premium on Loans
1,446.04
New Elementary School
552,908.25
Total Cash Payments
3,811,819.04
91
1,203.40
DETAILED STATEMENT OF CASH RECEIPTS
For the Year Ending December 31, 1956
Taxes:
Current Year
Poll
3,803 00
Personal
39,530.33
Real Estate
652,423.33
Aid to Dep. Children
4,089.26
Old Age Assistance
60,323.66
Disability Assistance
9,284.02
Previous Years
Poll
222.00
Personal
4,599.13
Real Estate
47,278.90
State:
Aid to Dep. Children
2,821.21
Old Age Assistance
65,922.84
Disability Assistance
9,532.17
Income Tax
76,873.07
Corporation Tax
35,658.37
Meals Tax
3,218 74
Lieu of Taxes
6,041.73
Vocational Education School Aid
12,992 07
Public Welfare
2,198.99
Aid to Highways
6,779.50
Veterans Services
5,711.75
Marine Fisheries
1,200.00
Licenses & Permits :
Liquor
11,090.00
Hawkers & Peddlers
48.00
Pistol
44 00
Amusement
802.00
Cabin
1.50
Shellfish
972.00
Aid to Highways
2,639.75
Common Victualler
58.00
Dog Licenses Refund
1,487.84
Garbage
4 00
Junk
40.00
Methyl Alcohol
3 00
Milk, Cream & Oleo
74 00
Slaughtering
100 00
Theatre
60.00
Nursery
9.20
Recreation Camp
1 50
97.57
Donations
14.00
Disposal License
477.00
W. R. C. for Memorial Bldg. 100.00
13,849.20
5,211.57
Fines and Forfeits :
225 00
Agency :
Dog Licenses for County
1,978 80
Dog Sale for County
6 00
Retirement Deductions
19.793 35
Withholding Taxes
75 906 92
Blue Cross
10,752.40
Sale of Real Estate
6,089 33
Sale of Town Property Pro Forma Tax
83 62
Eunice Caldwell Cowles Fund
1,200.00
Appleton Memorial Fountain 25 00
Mark Newman Memorial
300 37
Treasury Bills 1,069,113.00
Grants and Gifts: Federal:
Welfare Administration
5,581.68
695,756.66
52,100.03
Privileges :
Motor vehicle Excise 1953
2.94
Motor Vehicle Excise 1955
10,710 82
Motor Vehicle Excise 1956
67,752.79
78,466.55
Special Assessments: Moth to Taxes
50.00
Educational Transpor- tation
41,345.16
270,929.83
County :
4,127.59
Other:
Feoffees of Grammar School
5,000.00
Band Fund
415,000.00
Loans Authorized Loans in Anticipation of Bond Issue Old Age Recoveries
292.88
Trusts :
R T. Crane Jr. Picnic Fund Expenses
1,348.39
Cemetery Perpetual Care
802.03
Martha I. Savory Fund
8.00
Agents & Vendors
65.00
350,000.00
114,610.42
3,683.79
92
79,278.62
634.23
DETAILED STATEMENT OF CASH RECEIPTS-(Continued)
General Government: Executive Secretary :
Crane's Beach
8,552.62
Ipswich Housing
3,290.37
Town Farm Lease M.I.T. Town Property Rental
601.00
Perpetual Care Income Used by Cemeteries
2,530.37
Electric Light Department : Sales
392,560.53
Meter Dep. & Div.
1,290.27
14,918.99
Town Clerk:
Dog Fees
165 50
Sporting Fees
124.50
Miscellaneous Fees
1,036.84
Photostats
33.00
Scale Receipts
23.10
87,555.07
Education:
Tuition
5,702.00
Miscellaneous
353.95
Int. & Costs on Taxes
2,340.45
Tax Certificates
73.00
Int. on Town Notes
5,887.00
Tax Titles
1,461.73
9,762.18
Protection of Persons & Property :
Police Department:
Special Work
5,347.28
Ambulance
815.00
Insurance Receipts
1,157.85
6,190.78
Refunds :
Selectmen
5.00
Treasurer & Collector
1.18
Fees
115.50
Personnel
24.15
Grounds & Buildings Spraying
597.42
Bounty on Seals
5.00
Health and Sanitation:
Highway-Summer
16.50
Tuberculosis
563.57
Aid to Dependent Children
91.70
Garbage
270.00
Old Age Assistance
1,029.91
Slaughter Inspection
548.00
Disability Assistance
16.15
Veterans Services
94.00
1,381.57
Elementary School Fund
1,558.30
Highways:
Highway Machinery
1,958.75
Teachers Annuities
34.23
Sidewalks
643.33
Parks
12.00
Other
56.84
Playgrounds
96.53
Recreation
584.19
Cemeteries :
Internment-Removal
2,794.00
Liners
102.00
Annual Care
796.00
Foundations, etc.
1,171.00
Perpetual Care
2,375.00
Miscellaneous Receipts
23.00
7,238.00
Total Receipts:
3,745,714.93
High & Burley Cafeteria
33,777.85
Winthrop Cafeteria
12,764.84
Athletic Receipts
1,644.74
54,243.38
Premium on Notes
2,216.82
Hurricane Emergency Receipts
200.00
Bicycle Registrations
28.50
Fire
11.70
Sanitation
40.00
School Building Committee Education
48.69
2,658.92
Electric Light
1,457.35
Water
1,258.57
Cemeteries
11.30
6,996.20
Sales
83,339.20
Water Liens
4,215.87
1,382.94
Treasurer:
393,850.80
Water Department:
93
599.75
Weights & Measures:
2,475 00
COMPARATIVE TAX STRUCTURE STATEMENT 1955 - 1956
1955
1956
$ 1,089,317.31
90,691.07
1,025,438.21
$ 1,180,008.38
Hurricane Damage 19,457.80
B. State Requirement:
Parks & Reservations Audit
2,192 83
1,522.05
Underestimated Previous Years:
Parks & Reservations Audit
Greenhead Fly Control
1,015.14
4,511.09
2,583.13
C. County Requirement: Tax T. B. Hospital
24,092.00 15,300.14
25,060.34 14,198.94
Underestimated T. B. Hospital County Tax
2,800.37
561.79
42,192.51
39,821.07
D. Overlay 16,360.22
26,882.30
E. Gross Amount to be Raised 1,107,959.83
1,249,294.88
F. Estimated Receipts & Available Funds:
State Income
Local Revenue Water Revenue
98,911.27 181,740.00 55,000.00
95,562.20 218,892.07 56,766.00
Overestimates of Previous Years:
County Tax
190.05
State Parks
156.83
T. B. Hospital
5.81
1,548.89
Surplus Revenue
106,111.75
80,691.07
Electric Light
15,000.00
15,000.00
Overlay Reserve Fund
7,000.00
10,000.00
Machinery Fund
Insurance Fund
Hurricane Relief
17,512.02
481,470.90
478,617.06
G. Net Amount to be Raised by Taxation:
Poll Tax
5,102.00 39,451.70 581,935.23
5,038.00 47,575.53 718,044.29
770,677.82
Gross Amount Raised
1,107,959.83
1,249,294.88
H. Assessed Valuation Real Estate Personal
10,209,390.00 692,135.00
11,046,825.00 731,926.00
$10,901,525.00
$11,778,751.00
No. of Polls I. Tax Rate
2,551 $57 00
2,529 $65.00
94
Personal Property Real Estate
626,488.93
A. Total Appropriation to be raised by taxation $912,326 46 Total Appropriation to be taken from available funds: 113,111.75
1,303.12
1,061.08
STATEMENT OF 1956 ASSESSMENT
$65.00 per $1,000
1956 Tax Rate
Persons Assessed:
Personal Estate Real Estate
583
2183
Personal and Real Estate
302
Total
Polls Assessed (Poll Tax)
2529
Value of Assessed Personal Estate:
Stock in Trade
$200,640.00
Machinery
131,005.00
Live Stock
60,191.00
All other Tangible Personal Property
340,090.00
Total
$731,926.00
Value of Assessed Real Estate:
Land exclusive of Buildings
2,052,380.00
Buildings exclusive of Land
8,994,445.00
Total
11,046,825.00
Total: Value of Assessed Personal and Real Estate
11,778,751.00
Total: Taxes Assessed for State, County and Town Pur- poses, including Overlay
770,677.82
Number of Livestock Assessed:
Horses (1 year old, or over)
114
Cows (Milch)
411
Swine
20
Sheep
289
Fowl
4,525
All other
450
Number of Acres of Land Assessed
17,730
Number of Dwelling Houses Assessed
2,484
STATEMENT OF MUNICIPAL INDEBTEDNESS
December 31, 1956
Date of Issue Oct. 1, 1949
Purpose Laying and Extending Water Mains to Present System
1 1/2 %
1957-1959 $
3,000.00
April 15, 1946
Extending Water Mains
1 14 %
1957-1961
8,000.00
Sept. 1, 1954
Developing a New Well Field for Water Supply
1.30%
1957-1964
24,000.00
Sept. 1, 1956
Laying and Relaying Mains
Water
3 %
1957-1970
125,000.00
Sept. 1, 1956
Stand Pipe and Pumping Station
3
%
1957-1975
105,000.00
Dec. 1, 1951
Enlarging or Extending Electric Light Plant
1.40%
1957-1961
35,000.00
Sept. 1, 1954
Additions to Electric Light Sys- tem
1.30%
1957-1963
70,000.00
Dec. 1, 1956
Extending and Enlarging Elec- tric Light Plant
3 1/4 %
1957-1975
185,000.00
Oct. 1, 1955
New Elementary School
2 14%
1963-1975
260,000.00
Oct. 1, 1955
New Elementary School Project, Act of 1948
2 1/4 %
1957-1975
190,000.00
Total Bonded Debt
$1,155,000.00
95
Date of Outstanding Rate Maturity December 31, 1956
1957-1962
150,000.00
3068
CONSOLIDATED STATEMENT OF TRUST FUNDS IN CUSTODY OF TOWN TREASURER
Name of fund
Balance Jan. 1, 1956 $85,169.16
Bequests $3,025.00
Income $2,829.19
Balance Withdrawals Dec. 31, 1956 $2,530.37
$88,492.98
Appleton Memorial Fountain
1,087.61
27.85
1,115.46
Eunice Caldwell
(Refund) 300.00
600 .. 00
10,043.05
Cowles
10,040.45
302.60
2,431.59
Mrs. William G. Brown 2,348.69
82.90
Dow Boulder Memorial
183.86
6.47
190.33
Marianna T. Jones
1,051.68
37.12
1,088.80
John C. Kimball
535.90
18 90
554.80
Mark Newman
Memorial
5,478.68
187.84
300.37
5,366.15
Martha I. Savory
362.49
13.91
376.40
Stabilization
395.27
13.95
409.22
Post War Rehabilitation 1,730.42
61.08
1,791.50
Details of the above Trust Funds are available at the Town Treasurer's Office.
CHARLES E. GOODHUE, JR. GEORGE C. PARSONS EDWARD J. MARCORELLE Trust Fund Commissioners GLADYS M. POOLE, Town Treasurer
TRUST FUNDS IN CUSTODY OF TRUSTEES
Burley Education Fund
Deposited in Salem Savings Bank
$1,203.09
Deposited in Salem Five Cents Savings Bank
1,059.48
Deposited in Ipswich Savings Bank
1,790.75
Deposited in Ipswich Savings Bank (Caldwell Fund)
2,093.99
Ipswich Co-operative Bank - Paid Up Certificates
1,000.00
$7,147.31
Income from funds for the year 1956 as follows:
Interest Salem Savings Bank
$ 36.71
Interest Salem Five Cents Savings Bank
32.34
Interest Ipswich Savings Bank
60.30
Interest Ipswich Savings Bank (Caldwell Fund)
71.39
Dividend Ipswich Co-operative Bank
30.00
$ 230.74
Expenditures :
Rent of Safe Deposit Box
$ 5.50
Net Income
$
225.24
Frederick S. Witham, Treasurer
Brown School Fund
Balance 7th February, 1956:
Salem Five Cents Savings Bank
$2,007.88 65.76
Balance 6th February, 1957
$2,073.64
Balance 7th February, 1956: Ipswich Savings Bank
$1,814.56
Interest to February 1st, 1957
64.04
Balance 6th February, 1957
$1,878.62
J. Perry Smith, Treasurer
96
Cemeteries
Interest to February 1st, 1957
The Manning School Fund .
January 1, 1956 - Balance
Income from Interest and Dividends
$12,215.16 1,439.06
Less Expense, rental of Safe Deposit Box
5.50
Balance in Account No. 14,293, Ipswich Savings Bank
$13,648.72
Securities at Book Value:
64 shares First National Bank of Boston
$ 2,941.04
10 shares Ipswich Co-operative Bank
2,000.00
9 shares Chesapeake & Ohio R.R. preferred
746 00
16 shares Chesapeake & Ohio R.R. common
554.00
$6,600 bonds Peoria & Eastern Rwy.
6,600.00
$11,000 bonds U. S. Savings, series G.
11,000.00
$23,841.04
Total Assets in Fund
$37,489.76
The R. H. Manning Fund
January 1, 1956 - Balance
$15,795.53
Income from interest and dividends
617.92
Balance in Account No. 7,885 Ipswich Savings Bank
16,413.45
Securities at Book Value:
10 shares Ipswich Co-operative Bank
2,000.00
Total Assets in Fund.
$18,413.45
M. Chas. Arthur, Treasurer
Richard T. Crane, Jr. Picnic Fund In Custody of The New England Trust Co., Agent
Receipts
Balance, January 1, 1956
$30,385.89
Income
1,442.10
Gain on Sale of Securities
2,059.85
Sale of 55/100 sh. Standard Oil Co. of California
49.32
Sale of 5 rts. American Tel. & Tel Co.
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