USA > Massachusetts > Plymouth County > Middleborough > Town annual report of Middleborough, Massachusetts 1915 > Part 8
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George A. Philbrook, Manager
$35,650.00
Overseers of Poor :-
John H. Pushee, Farm Account
$2,143.83
Town of Milton
412.00
City of Pittsfield
3.00
Town of Wareham
12.28
City of Brockton
32.00
Town of Plymouth
71.75
State Treasurer
162.09
City of Fitchburg
6.75
City of Fall River
120.67
George H. Phinney
40.00
Esther A. Jenney
132.90
John Norris
20.00
Cordelia A. Finney
200.00
Charles M. Thatcher, Clerk
9.00
Telephone Refunds
9.61
City of Taunton
2.00
City of Woburn
20.00
Town of Freetown
224.52
$3,622.40
154
Police Department :-
G. Louis Hathaway, Chief
$28.26
George H. Shaw Co.
2.50
County of Plymouth, Rent
300.00
$330.76
School Department :-
Mary L. Cook
$7.00
Charles H. Bates, Supt.
11.57
State Treasurer
653.21
City of Boston
58.50
Town of Lakeville
1,504.26
Town of Rochester
110.00
Town of Plympton
231.00
Town of Raynham
24.00
Town of Halifax
55.00
Trustees, T. S. Pierce Estate
1,100.00
$3,754.54
Sealer of Weights and Measures :-
Fees Collected
$84.57
Sewer and Drainage Account :-
Church of Our Saviour
$25.00
Peter M. Ramsey
25.00
N. William Keith
25.00
Mrs. C. Myrtice Higgins
25.00
Maria Chase Estate
25.00
John Roht
25.00
Joshua L. Perkins
25.00
Daniel H. Holmes, M. D.
50.00
James H: Creedon
25.00
Mrs. A. C. Heath
25.00
Samuel Preanian
25.00
Fred A. Hanson
18.50
Joshua L. Perkins
23.75
Daniel H. Holmes, M. D.
18.98
Miss Evelyn O'Toole
31.00
Carried Forward :-
$392.23 $253,694.51
155
Sidewalk Account :-
First Unitarian Society
$35.00
Sacred Heart Church 26.00
Middleborough Amusement Co. 25.00
H. L. Thatcher & Co. 21.00
M. D. Long
37.50
$144.50
Soldiers' Burial :-
State Treasurer
$50.00
Soldiers' Relief :-
Town of Lakeville
$16.17
James L. Jenney Estate, Refund 8.25
$24.42
State Aid :-
State Treasurer
$4,634.00
Street Sprinkling Account :-
N. Y., N. H. & H. R. R. Co. $3.00
Town Hall Account :-
William M. Haskins, Agent $675.00
Bourne Wood, Agent 1,430.00
Middleborough Water Works
375.00
Middleborough School Department 500.00
Middleborough Gas & Electric Plant
150.00
$3,130.00
Tree Warden Account :-
Merrimac Chemical Co., Refund
$1.00
Town Debt :----
Trustees, Estate of T. S. Pierce to pay Town Notes due November 1,1915 $5,000.00
156
Account "Unemployed" :-
C. N. Atwood & Son
$17.00
Charles N. Atwood
4.00
George R. Sampson
13.75
Waldo E. Jackson
5.00
$39.75
Total
$266,721.18
Payments for the year have been as follows :-
Band Concerts :-
Selectmen's Orders
$200.00
Board of Health :-
Orders of Department
$2,540.42
Cemetery Trust Funds :-
Account Care of Lots
$441.90
Deposited in Middleborough Sav-
625.00
ings Bank
$1,066.90
County Tax :-
Treasurer of Plymouth County
$7,286.84
District Nurse Association :-
Selectmen's Order
$300.00
Fourth District Court :-
G. Louis Hathaway Expenses
$39.16
Harry F. Snow
3.23
Fred C. Sparrow
3.24
F. H. Batchelder
1.00
Charles M. Thatcher
1.58
John H. Pushee
2.82
$51.03
157
Brought Forward :- $11,445.19
G. A. R .- E. W. Pierce Post, No. 8 :-
Selectmen's Order
$200.00
Herring Account :-
Selectmen's Orders
$550.75
Highway Department Accounts :- On Selectmen's Orders :-
Bridge Account $905.29
Frank Street, Repairs
510.19
Plymouth Street Macadam
8,282.97
Maintenance of Plant
4,047.87
Outside Districts
5,937.25
Clearing Snow
654.20
Stone Account
497.86
Superintendent's Salary, 11 months
1,375.00
Village Account
6,430. 08
Sewer and Drainage
1,618.40
Sidewalks
2,489.89
Street Sprinkling
2,201.90
$34,950.90
Incidentals :-
Selectmen's Orders . $3,766.95
Interest :- On Selectmen's Orders :-
Account Permanent Loans $1,288.00
Account Temporary Loans 1,831.39
$3,119.39
Enoch Pratt Fund :-
$5,000.00 Kansas City Terminal Railway Co. Bonds-First Mtg. 4's due January 1, 1960 $4,350.00 Accrued interest on above Bonds 65.00 Deposited in Middleborough Sav- ings Bank 668.75
Income paid to Middleborough Public Library 433.89
$5,517.64
1
158
Licenses :-
To Middleborough Public Library $1,874.90
General Improvement Loan :-
Note due November 1, 1915 $3,800.00
Plymouth Street Macadam Highway Loan :-
Note due December 1, 1915 $1,600.00
School House Loan :-
Note due November 1, 1915
$1,650.00
Temporary Loans :-
Selectmen's Orders
$45,000.00
Military Aid :-
Selectmen's Orders $747.00
Moth Account :---
Selectmen's Orders
$3,321.61
Middleborough Gas & Electric Plant :-
Commissioners' Salaries $300.00
Notes paid through Sinking Fund 4,700.00
Interest 2,208.00
Maintenance 23,352. 62
Construction
3,315.60
$33,876.22
Non-Resident Bank Tax :-
State Treasurer $612.06
Overseers of Poor :---
Orders of Department $12,752.78
159
Police Department :-
Selectmen's Orders
$3,947.67
School Committee-Committee's Orders :-
Maintenance
$39,885.83
Repairs
1,679.07
Transportation
3,270.94
$44,835.84
Sealer of Weights and Measurers :-
Orders of Department
$333.57
Soldiers' Burial :-
Selectmen's Orders
$204.00
Soldiers' Relief :-
Selectmen's Orders
$2,427. 74
State Aid :-
Selectmen's Orders
$4,562.00
State Highway Tax :----
State Treasurer
$1,902.81
State Tax :-
State Treasurer
$12,675.00
Town Hall :-
Selectmen's Orders
$3,573.22
Town Officers :-
Selectmen's Orders
$4,232.33
1
Expenses of Town Officers:
Selectmen's Orders $1,238.40
160
Tree Warden :-
Selectmen's Orders
$986.14
Account "Unemployed Fund"
State Forester $39.75
Total Payments
$245,743.86
Cash on hand January 1, 1916
20,977.32
Total
$266,721.18
Respectfully submitted,
ALBERT A. THOMAS,
Treasurer.
REPORT OF THE TREASURER OF THE MUNICIPAL LIGHT LOAN SINKING FUND.
Received from Town Treasurer $4,700.00
Paid Notes due November 1, 1916 4,700.00
ALBERT A. THOMAS,
Treasurer.
161
REPORT OF THE MUNICIPAL LIGHT BOARD FOR 1915.
The business of the Gas and Electric Plant for the year 1915 was greater than your commissioners anticipated. Total increase in sales $2,964.68; and income over expense, $13,120.48.
Taking the Plants separately. The Gas Plant is now deriving the benefit from the gas pipe extensions of two years ago, and as the Town is now about three-fourths piped, further extensions should be made, in order that we may again petition the Massachusetts State Board, Gas and Electric Commissioners to make a still further reduction in the price of gas.
The Plant is amply large enough to care for the Town's supply for many years to come.
A statement for comparison of Profit and Loss account for Gas Plant for the last four years.
1912-Loss, $1,387.35 1913-Loss, $145.58
1914-Gain $943.93
1915-Gain $2,423.59
The Electric Plant. The demands for commercial light- ing and additional street lights are increasing, also there is a great opportunity for expansion in selling power.
Our Station should be a central power plant with capacity enough to supply all the industries in the community.
Your commissioners have been forelaying for this the last two years and are prepared to build a main line out of earnings of the Plant, from the station to the town limit, where we can connect with one of the several larger power plants for extra supply of current. By this method cost of power will be less than by adding to the present Plant a small unit, and the tax payers will not be called upon to make any extra appropriation; to do this, authority must be given to the commissioners by vote of the town, to make a con- tract for power for a term of years; as their authority is limited to yearly contracts, by law.
162
Your commissioners are absolutely opposed to letting down the bars to any foreign Gas or Electric Corporation, by allowing them a franchise, rental or owning any property within the town limits. If we purchase current, it will be at the town line.
The town in the past has furnished gas and electricity at a loss, and it seems only fair that the consumers should pay a legitimate profit to the town now that both plants are on a paying bssis.
(Signed ) WILLIAM A. ANDREWS, Chairman. WILKES H. F. PETTEE, HARLAS L. CUSHMAN.
Municipal Light Board.
163
REPORT OF THE MANAGER OF THE MUNICIPAL LIGHT PLANT FOR 1915.
Messrs. William A. Andrews, Chairman.
Wilkes H. F. Pettee and Harlas L. Cushman.
Municipal Light Board, Town of Middleboro.
Gentlemen :- I have the honor to present herewith the twenty second annual report of the Manager on the opera- tion of the Plant, together with the several accounts as taken from the books of the Plant, for the year ending Dec. 31, 1915.
The results obtained this past year show more plainly the value of the extension of the gas mains in 1914. In the annual report to your Board in December, 1914, I took great pride in calling to your attention the fact that for the year 1914, the income was $943.93 more than the expenses. This year it is with a far greater degree of satisfaction that I call your attention, and through you the attention of the voters to the fact that in 1915 the income was $2,423.59 greater than the expenses for that year.
There were no extensions of mains made this year. There were added this past year on mains previously laid, 30 stoves, 14 hot plates and 18 tank coil heaters.
All necessary repairs have been made at the gas plant so that the physical condition of plant is good. Owing to the increased consumption of gas it became necessary a part of the year to make gas every other day in place of three times a week as formerly. By doing this the so-called stand- by losses have been reduced, which has been one factor in the increased profit. This, together with the increased consumption and slightly lower price of gas oil, has cut the expense of manufacturing down about $600.00 over previous year.
164
Should the plant be enabled to further extend its gas mains this coming year, this difference would be more marked, as the prime factor in the cost of production of gas is the consumption.
Regarding the Electric Department, would say that the lines and appliances are in better condition at this time than ever before, and the apparatus at station in good condition.
The Light and Power sales in 1915 were $2,016.46 greater than in 1914 and the expenses over $400.00 less.
In 1914 the electric sales were only $1,222.07 over 1913.
The income from Electric sales to private consumers the past year was $10,696.89 greater than the total operating expense; this being the largest in the history of the plant.
The profit on the gas account and the above make excess income over operating expense, $13,120.48. Out of this excess income, $2,906.08 was put in the Depreciation Fund, $3,600.00 in New Construction and $2,208.00 paid for interest.
The balance of the Depreciation required by law, namely, $2,300.00 was appropriated by Town and this was the total cost to the Town for street lights and for which it received nearly $6,000.00 in value.
The total expenditures for operation, maintenance, repairs, interest, depreciation, note and bond payment, was $34,590.23.
Total income from private consumers and Town was $42,596.63, showing a net profit of $8,006.40.
The profit earning value of the Plant was never as great as at the present time, as a few comparisons will show.
Bills payable Jan. 1, 1915, were $832.92
Jan. 1, 1916 115.95
Accounts receivable Jan. 1, 1915, were
$6,869.77
Jan. 1, 1916 $7,256.73 1
Cash in Town Treasury and Office, Jan. 1, 1915
$2,375.02
Cash in Town Treasury and Office, Jan. 1, 1916 Total Sales, 1914
$5,970.57 $37,853.35 $40,309.11
Total Sales, 1915
A Plant cannot stand still; it must either go forward or backward. The Profit and Loss sheet of any business is the best and truest indicator of its progress or decline.
On June 30, 1906, the Profit and Loss Balance was $68,361.44 loss. On December 31, 1915, the balance was $20,716.71, a reduction of $47,644.73. With the exception of the gifts from the Pierce estate, this has been accomplished by the successful operation of the Electric Plant, as the
1
165
Gas Plant had been operated at a loss for many years, and shows a profit only since June, 1914. This same profit earn- ing of the plant can be greatly enhanced by the purchasing of such current from a larger producing company or corpora- tion as cannot be produced by the water power of the Municipal plant during January, February, March and April.
Based on last year's output and business done, had the Town purchased all current at a price submitted by Plymouth Electric Co. (shutting down its plant entirely) it would have saved the Town nearly $400.00.
By running the water power 16 hours daily during these four months, the saving would have been $1,210.15.
By running the water power 24 hours daily these four months, and purchasing balance required during this period and remainder of year, the saving to Town would have been $1,619.59.
Your manager believes the time has now arrived when the consumers should share in the profits of the plant by reducing the rate for lighting, and should the Town author- ize the Commissioners to purchase current, would recommend the rate for lighting be 121/2 cents per Kilo Watt Hour, which you will find is lower than a great many of the private cor- porations now charge.
Following is a detailed statement of the year 1915:
BILLS PAYABLE.
A. C. Cosseboom & Co.
$2.00
George E. Doane
4.85
Middleboro Fire District
63.78
T. W. Pierce Hardware Co.
1.85
Lloyd Perkins
3.22
H. L. Thatcher & Co.
15.75
Western Electric Co.
24.00
C. P. Washburn
. 50
$115.95
ACCOUNTS FOR WHICH BILLS ARE PAYABLE.
Stable Account
$2.00
Repairs, Electric Plant
.89
Lin'es and Wires
24.30
Gas Producer Plant
2.61
Water Plant
. 15
Gas Works
1.99
166
Repairs, Gas Engine Plant Mains and Services
1.14
. 50
Jobbing
. 34
Oil and Waste
.65
Water for Gas Works
27.20
Water for Electric Plant
36.58
Distribution Tools, etc., Electric
1.85
General Office Express
15.75
$115.,95
ACCOUNTS RECEIVABLE.
Which include the December sales (January 1st Bills).
Gas
$853.47
Lighting
5,252.43
Power
877.54
Supply Account
273.29
$7,256.73
SALES.
1915
1914
Gas
$7,265.01
$6,316.79
Lighting
26,793.08
25,662.38
Power
5,377.27
ยท 4,491.51
Supply Account
873.75
1,382.67
$40,309.11
$37,853.35
Increase in Gas Sales in 1915 over 1914
$948.22
Increase in Electric and Power Sales in 1915 over 1914
2,016.46
Net increase in Gas, Electric & Power
2,964.68
CUSTOMERS.
Jan. 1, 1916 Jan. 1, 1915 Increase
Gas
93
85
8
Electric
425
406
19
Gas and Electric
265
238
87
783
729
54
.
sales in 1915 over 1914
167
METERS INSTALLED.
Gas Electric
Jan. 1, 1916 Jan. 1, 1915 386 341
803
731
STREET LIGHTS.
Total Total Average Average number number number number of of nights of hours of nights hours per run run per month night
All Night Service
350 3027 29
8 hrs. 39 min.
(7 arcs and 14 incandescent)
Mid-Night Service 322
1558 27
4 hrs. 50 min.
(222 incandescent)
So. Middleboro, Rock and No. Middleboro Service 365 (95 incandescent)
1907 30 5 hrs. 30 min.
Total K. W. delivered at switchboard
464,540
Total K. W. delivered for street lights 43,634
168
GAS MANUFACTURING ACCOUNT. EXPENSES.
For Manufacture :-
Coal
$212.32
Fuel Oil
986.84
Purifying Materials
40.66
Water
100.21
Wages at Works
987.28
Repairs, Real Estate
26.99
Repairs and Maintenance Works
232.35
Works, Tools, etc.
12.99
Coke
885.75
Wood
7.00
$3,492.39
For Distribution :-
Wages, Reading Meters
$31.17
Repairs, Mains and Services
177.23
Repairs, Meters
105.61
Distribution Tools, etc.
63.32
$377.33
Miscellaneous :-
General Salaries
$390.47
Salaries of Municipal Light Board
50.00
General Office Expenses
99.77
Insurance
51.48
Bad Debts
0.00
Stable Account
23.46
Garage Account
19.89
$635.07
Total Expenses
$4,504.79
Balance to Profit and Loss (Profit)
2,423.59
Total Debits
$6,928.38
169
GAS MANUFACTURING ACCOUNT.
INCOME.
From Sale of Gas
Less Discounts
$7,265.01 336.63
$6,928.38
Total Credits
$6,928:38
170
ELECTRIC MANUFACTURING ACCOUNT. EXPENSES.
For Manufacture :-
Bituminous Coal
$794.24
Pea Coal
2,081.98
Oil and Waste
318.09
Water
108.43
Wages at Station
6,294.07
Repairs, Real Estate
34.26
Gas Engine Plant
310.95
Steam Plant
29.91
Water Plant
83.18
Electric Plant
320.88
Gas Producer Plant
123.65
Station Tools, etc.
133.81
$10,633.45
For Distribution :-
Wages, Care Lights
$18.70
Wages, Reading Meters
155.83
Repairs, Lines and Wires
2,541.96
Repairs, Electric Meters
153.23
Repairs, Street Arc Lamps
28.42
Repairs and Maintenance, Street Incandescent Lamps
348.08
Electrodes
42.54
Distribution Tools, etc.
34.42
Stable Account
445.75
Garage Account
377.95
$4,146.88
Miscellaneous :-
General Salaries
$1,952.38
Salaries of Municipal Light Board
250.00
General Office Expenses
498.86
Insurance
463.37
Accounts charged to bad debts
26.42
$3,191.03
Total Expenses
$17,971.36
Balance to Profit and Loss (Profit)
10,696.89
Total Debits
$28,668.25
Total Expenses
$17,971.36
Balance to Profit and Loss
12,996.89
Total Debits
$30,968.25
171
ELECTRIC MANUFACTURING ACCOUNT.
INCOME.
From Lighting $26,793.08
Less Discounts and Rebates 3,009.23
$23,783.85
From Power
$5,377.27
Less Discounts and Rebates 492.87
$4,884.40
Total Credits
$28,668.25
To give Electric Plant full credit, should show as follows:
Income from Private Consumers
$28,668.25
Income from Town for Street Lights 2,300.00
Total Credits
$30,968.25
172
BALANCE SHEET.
Appropriations for Bond Payments
$44,500.00
Appropriations for Note Payments
19,200.00
Bonds Outstanding
30,500.00
Notes Outstanding
20,000.00
Deposits
3.00
Deposit Fund
$3.00
Appropriations for Construction
36,102.39
Construction Fund
361.89
Appropriations for Extraordinary Re- pairs
2,890.00
Depreciation Fund
8,216.52
Land, Gas
1,200.00
Buildings, Gas
2,777.30
Machinery and Appliances, Gas
11,054.63
Street Mains
20,439.39
Gas Meters
2,551.78
Land and Water Power, Electric
6,000.00
Buildings, Electric
4,338.44
Steam Plant
830.88
Water Plant
11,472.98
Gas Producer Plant
2,921.55
Gas Engine Plant
8,072.24
Electric Plant
3,782.37
Electric Lines
13,096.83
Transformers
5,729.35
Electric Meters
9,803.30
Street Arc Lamps
522.94
Street Incandescent Lamps
1,508.07
Interest Accrued, but not due
$336.67
Operation Fund
5,967.57
Inventory
4,916.04
Bills Receivable, Gas
853.47
Bills Receivable, Lighting
5,252.43
Bills Receivable, Power
877.54
Bills Receivable, Supply Account
380.79
Bills Payable
115.95
Profit and Loss Account
20,716.71
$153,648.01 $153,648.01
173
CONSTRUCTION ACCOUNT.
EXPENDED FOR
Lines and Wires
$783.23
Electric Meters
768.34
Transformers
648.13
Street Incandescent Lamps
59.07
Gas Meters
301.87
Mains and Services
754.96
$3,315.60
PROFIT AND LOSS ACCOUNT.
DEBITS
CREDITS
For Balance from last Account
$28,768.34
For Interest Paid
1,840.00
For Interest Accrued to December 31
336.67
For Bad Debts
96.90
For Amount charged off for Depre-
ciation of Plant as follows, viz:
Machinery
$832.11
On Gas Plant
Street Mains and
Services
1,064.46
Meters 130.56
Gas Engine Plant 896.91
Steam Plant 92.32
Electric Plant
241.43
Street Lines
663.22
Arc Lamps
92.28
Incandescent Street Lamps 92.48
Transformers 282.99
Gas Producer Plant 324.62
Meters 492.70
By Amount Appropriated for Depreciation
$2,300.00
By Balance of Gas Manufacturing Account 2,423.59
By Balance of Electric Manufacturing Account 10,696.89
By Balance of Supply Account 110.80
Balance
20,716.71
$36,247.99 $36,247.99
On Electric Plant
174
STATEMENTS OF ACCOUNTS.
BONDS.
1915
Mar. 1 Appropriation
1915 $3,500.00 Dec. 31 Orders drawn $3,500.00
NOTES.
1915
1915
Mar. 1 Appropriation 1,200.00 Dec. 31 Orders drawn 1,200.00
INTEREST.
1915
1915
Dec. 31 Transferred from
Maintenance Acct. 2,208.00 Dec. 31 Orders drawn
2,208.00
MUNICIPAL LIGHT BOARD SALARIES.
1915
1915
Dec. 31 Transferred from
Maintenance Acct. 300.00 Dec. 31 Orders drawn 300.00
DEPRECIATION ACCOUNT.
1915
1915
Jan. 1 Balance 3,010.44
Mar. 1 Appropriation 2,300.00
June 30 Transferred from
Maintenance Acct.
2,906.08 Dec. 31 Balance
8,216.52
$8,216.52
$8,216.52
CONSTRUCTION ACCOUNT.
1915
1915
Jan. 1 Balance $77.49
June 30 Transferred from
Maintenance Acct.
1,600.00
Dec. 31 Transferred from
Dec. 31 Orders drawn
3,315.60
Maintenance Acct.
2,000.00 Dec. 31 Balance
361.89
$3,677.49 $3,677.49
RENT OF OFFICE ACCOUNT.
1915
1915
Dec. 31 Transferred from
Maintenance Acct.
150.00 Dec. 31 Orders drawn *
150.00
175
MAINTENANCE ACCOUNT.
1915
1915
Jan. 1 Balance in Town Treasury 1,929.90 June 30 Transferred to
Jan. 1 Cash in Office 445.12
Depreciation Acct.
2,906.08
Dec. 31 Collections
35,962.25 June 30 Transferred to
Construction Acct.
1,600.00
Dec. 31 Transfered to
Construction Acct.
2,000.00
Dec. 31 Transferred to
Interest Acct.
2,208.00
Dec. 31 Transferred to
Municipal Light Board Salaries Acct. 300.00
Dec. 31 Transferred to
Rent of Office
Acct.
150.00
Dec. 31 Orders drawn 23,202.62
Dec. 31 Cash in Office
757.37
Dec. 31 Balance in Town
Treasury
5,213.20
$38,337.27 $38,337.27
Respectfully submitted,
GEORGE A. PHILBROOK,
Manager.
176
REPORT OF TRUSTEES OF THOMAS S. PIERCE FUND.
Middleborough, Mass., Jan. 31, 1916.
To the Selectmen of Middleborough, Mass .;
Gentlemen: The following statement shows the condi- tion of the funds held by us as Trustees under the will of Thomas S. Pierce, for the benefit of the Town of Middle- borough and the Middleborough Public Library at the close of business, December 31, 1915:
Also statement of income of above funds for the year 1915.
Balance sheet of fund held in trust for the Town of Mid- dleborough, December 31, 1915.
ASSETS.
Stocks
$324,293.89
Bonds
69,786.34 606. 74
Premium on Bonds
Mortgage and Promissory Notes
115,083.00
Real Estate carried as Personal Property
28,814.20
Postoffice fittings and furniture
1,500.00
Cabinet at Library
240.00
Steel Chest in Pierce building
300.00
Life Insurance Policy
300.00
Deposit in Savings Bank
4,000.00
Cash
1,388.34
$546,312.51
Real Estate
72,260.37
$618,572.88
LIABILITIES.
Trust fund received from Executor $472,506.03 Passing direct under will 119,713.89
Profit, gain on securities exchanged 26,352.96
$618,572.88
177
INCOME.
Gross receipts for 1915 $24,053.11
Gross expense for 1915, including tax $4,412.87 11,242.60
Net income for 1915
$12,810.51
Balance on hand January 1, 1915
311.95
$13,122.46
Paid for use and benefit of Town
Town Treasurer, account of Town debt
$5,000.00
Town Treasurer, account highway Waterville
2,000.00
Town Treasurer, account Commer- cial course
1,100.00
Town Treasurer, account herring way
300.00
Town Treasurer, account fire tower, Barden Hills 150.00
Town Treasurer, account gravel Frank Street 500.00
Town Treasurer, account gravel
Spruce Street 116.30
Treasurer Middleborough Public Li- brary, painting bill 190.59
Sewer, Jackson and Lincoln Streets 1,384.43
$10,741.32
Balance on hand January 1, 1916 $2,381.14
Balance sheet of fund held in trust for the Middleborough Public Library, December 31, 1915.
ASSETS.
Bonds and Premium on Bonds
$46,665.97
Mortgage Notes
2,850.00
577.11
Middleborough Savings Bank Cash
137.04
$50,230.12
178
LIABILITIES.
Devised under will
$50,000.00
Profit, gain on securities exchanged 230.12
Income $50,230.12
Receipts for 1915 $1,960.46
Paid Treasurer Middleborough Pub- lic Library
$1,960.46
Yours very truly
CHESTER E. WESTON, GEORGE W. STETSON, GEORGE R. SAMPSON.
Trustee under the will of Thomas S. Peirce.
179
MIDDLEBORO PUBLIC LIBRARY.
REPORT OF THE SECRETARY-TREASURER, DEC. 31, 1915.
The expenses of the Library for the purchase and repair of books and periodicals are met from the income of the fund of $50,000 left for this purpose by the late Thomas S. Peirce. The Trustees receive this income semi-annually, in June and December.
The receipts and expenses under this head are:
Balance from 1914 $539.72
Received from Pierce Trustees
1,960.46
Received from sales of books 6.08
$2,506.26
Paid for Books and Periodicals $1,298.48
Paid for Binding 340.99
Paid for Express 18.24
Paid for Bulletins 68.00
Paid for membership in Library Art Club 6.00
$1,731.71
Balance
$774.55
Which is the amount available for this use until the next payment by the Peirce Trustees in June, 1916.
The sources of the income by which the operating expenses of the Library are met, are:
1. The Town appropriation of the proceeds of dog and other licenses, amounting in 1915 to $1,874.90
2. The income of the Enoch Pratt Fund of $10,000 invested by the Selectmen 433.89
3. The income from the Harriet C. Beals Fund of $1,000 and of the Harriet O. Pierce Fund of $500 deposited in the
180
Middleboro Savings Bank, amounting together to about $60.00 yearly. The accumulated interest of both the above drawn and used this year, was 189.20
4. Interest upon deposits at the Middleboro National Bank
10.11
5. Fines collected at the Librarian's desk
197.00
In addition to the above the Pierce Trus- tees have made a special gift to cover the expense of painting, of
190.59
Total Receipts
$2,895.69
Balance brought over from 1914
105.24
Total income
$3,000.93
From the above the following payments have been made:
For Heat
$357.50
Light
<
258.10
Water
36.15
Repairs
234.91
Insurance
85.50
Janitor
480.00
Librarian
550.00
Three Assistants
810.50
Supplies
49.71
Telephone
18.10
Painting, postals and printed matter
35.85
Other Incidentals
40.14
A Total of
$2,956.46
Leaving a balance on hand of $44.47.
It should be remembered that while the financial report of the Library covers the period from Jan. 1, to Dec. 31, its income does not become available until after the annual Town meeting. To meet its pay roll and other expenses there should be a sufficient amount carried over to the new Year to meet the expenses of the months of January and February.
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