Town annual report of Quincy 1887-1888, Part 3

Author: Quincy (Mass.)
Publication date: 1888
Publisher: The City
Number of Pages: 234


USA > Massachusetts > Norfolk County > Quincy > Town annual report of Quincy 1887-1888 > Part 3


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$150 00


meals for prisoners 61 50


60


66 meals for lodgers 69 50


Citizens' Gaslight Co., gas


38 70


Amount carried forward $319 70


P. H. Gavin, repairing pump


4.5


POLICE STATION. - Continued.


Amount brought forward $319 70


Paid John Clark, painting 27 96


Julia Grady, cleaning


8 00


Frank F. Crane, curtains


2 00


J. Hubbard & Co .. disinfectant


2 00


Whitney & Nash, glass, etc.


68


Total amount of cash paid out


$360 34


CR.


By cash for use of cells as follows : -


From N. B. Furnald


$86 00


J. W. Hayden 7 50


M. W. Gerry


2 50


Walter H. Ripley 2 50


Marcus E. Wight


2 00


Robert J. Williams


50


101 00


$259 34


Appropriation


$400 00


Expenses


259 34


Expenses less than appropriation,


$140 66


The commitments to the police station for the year ending Feb. 1, 1888, were as follows : -


For assault, 7; larceny, 2; setting fire, 2; bastardy, 3; on mittimus, 26; keeping a still, 2; keeping liquor with intent to sell, 1; on warrant, 1; on capias, 1; keeping house of ill- fame, 1; peddling without license, 1; killing robin, 1 ; drunk, 35 ; vagrant, 1. Total, 84. Number of lodgers provided for, 709.


1


46


Miscellaneous Expenses.


Paid Rand Avery Co., printing town report


$454 20


J. W. Hayden, distributing 66


5 00


Thomas O'Brien, 2d, " 7 50


Hosea B. Ellis, .. 6.


20 00


H. A. Keith, preparing 66


100 00


F. F. Green, printing and advertising


150 61


Green & Prescott, " 66


423 38


Quincy Monitor, advertising


2 50


S. H. Spear, postage, etc.


8 10


Mark E. Hanson, postage, etc.


12


Sundry persons, labor as fire wards


81 25


S. M. Donovan, returning births


24 00


J. M. Sheahan,


65 75


John F. Welch,


13 50


C. M. Marstin,


13 50


John H. Gilbert, 66


66


7 00


John Hall, returning deaths


.


41 75


Lewis Bass, tax refunded


6 16


J. L. Simonds,


8 30


John Gilman,


4 20


George H. Locke,


66


3 75


J. A. Kiney,


66


7 52


William Parker, 2d, «


5 53


John H. Gilbert, damages on highway


250 00


Henry E. Hardwick.


25 00


E. A. Harris,


10 00


A. Delory,


10 00


Frank C. Dasha,


10 00


P. Buckley, rep'g


2 75


James E. Maxim, labor at town meetings


26 50


Austin & Winslow, expressing


8 60


W. G. A. Pattee, legal services


30 33


C. K. Darling & Co., blank books, etc. .


18 50


Edward B. Souther, stationery


10 60


John Clark, varnishing, etc. .


7 71


E. Worthington, entering amendments


2 40


E. L. Burdakin, examining records


25 00


E. W. Underwood, 66


9 95


George H. Field, serving notices


5 00


66


Amount carried forward . $1,905 96


47


MISCELLANEOUS EXPENSES. - Continued.


Amount brought forward . $1,905 96


Paid Thomas Groom & Co., ink


75


Charles N. Hunt, killing dog . 1 00


J. W. Hayden, killing and burying dog 2 00


A. Mudge & Son, binding books


12 00


Aldine Pen Co., pens 1 00


John Hall, use of carryall


6 00


J. P. Lovell Arms Co., handcuffs 4 75


Jacob Flint, ringing bell


7 00


William A. Hodges, cushion .


1 00


George L. Gill, cash for postage and express . 10 50


66 66 blank book .


50


66


66 clerical services to Registrars, 5 00


preparing records, etc. . 15 00


66 66


for Report, 20 00


recording, etc., births 225 00


22 65


66


66


deaths 30 60


C. F. Pettengill, care of town clock


50 00


extra labor . 5 00


Joseph T. French, use of team


12 25


Albert Keating, moving bookcases .


5 50


J. W. Hayden, posting notices


5 00


George H. Locke, posting voting lists


3 50


66 66 cash for examining titles


5 00


66 66 66 postage, etc.


13 00


Bryant N. Adams, postage


31 85


C. F. Randall, care of court-room


26 00


Citizens' Gas Light Co., gas .


4 50


Total amount of cash paid .


$2,432 31


·


Appropriation


. $2,500 00


Expenses


. 2,432 31


Expenses less than appropriation .


$67 69


·


66 marriages


48


PAY OF TOWN OFFICERS.


Selectmen, Assessors and Overseers of the Poor.


Paid William A. Hodges, to March, 1888, $800 00 William N. Eaton 66 800 00 Walter H. Ripley 800 00


$2,400 00


Clerical Assistance.


Paid H. A. Keith 400 00


Town Clerk.


Paid George L. Gill


50 00


Town Treasurer.


Paid Horace B. Spear, to March, 1887 . 200 00


Road Commissioners.


Paid John Cashman


$200 00


Gordon McKenzie . 200 00


John A. Duggan 200 00


600 00


Collectors of Taxes.


Paid George H. Locke, for tax of 1885, $25 00


Bryant N. Adams, on tax of 1887, 400 00


Bryant N. Adams, on tax of 1887 (polls)


162 90


587 90


Town Physician.


Paid Samuel M. Donovan 300 00


Registrars of Voters.


Paid Edwin W. Marsh $75 00


John H. Dee .


75 00


George L. Gill


75 00


E. Emery Fellows


75 00


300 00


Amount carried forward . 84,837 90


49


PAY OF TOWN OFFICERS. - Continued. Amount brought forward $4,837 90


Constables and Police Officers.


Paid J. Warren Hayden $252 00


George O. Langley


230 00


Amos L. Litchfield


181 00


Marcena R. Sparrow


132 00


William F. Powers


137 50


Robert J. Williams


98 00


Michael W. Gerry .


69 00


Nathan G. Glover .


45 00


Charles N. Hunt


44 50


Mark E. Hanson


18 00


William C. Seelye


17 00


Marcus E. Wight


15 00


Walter H. Ripley


14 00


John T. Hunt


13 00


Joseph H. Kelly


12 00


John S. Farrell


12 00


William B. Barry


12 00


John F. Berry


12 00


Horace O. Souther


10 00


David Barry .


10 00


George H. Locke


9 00


Levi Stearns


8 00


A. G. Olney .


6 00


James E. Maxim


5 00


George B. Pray


5 00


Edward H. Richardson


5 00


Edward A. Spear .


4 00


1,376 00


Sealer of Weights and Measures.


Paid Bryant N. Adams . 15 00


Total amount of cash paid out .


. $6,228 90


Appropriation


. $6,950 00


Expenses


6,228 90


Expenses less than appropriation


$721 10


50


STATE AID.


DR.


Due from State, Feb. 1, 1887 . $1,973 04 . 1,867 00


Paid during year ending Feb. 1, 1888


$3,840 04


CR.


By cash from State Treasurer . $1,705 00 · balance due from State, Feb. 1, 1888, 2,135 04


$3,840 04 -


State Aid under Act of 1879.


DR.


Due from State, Feb. 1, 1887 ·


$359 00


Paid during year ending Feb. 1, 1888 766 00


$1,125 00


CR.


By cash from State Treasurer 317 00


$808 00


Appropriation


$500 00


One half payments.


383 00


Paid less than appropriation


$117 00


Account with State.


Due from State, under Act of 1879, per last report .


$359 00


One half payments of last year


383 00


$742 00


Less cash from State Treasurer


317 00


Due on general State aid


$425 00 2,135 04


$2,560 04


51


REAL ESTATE BOUGHT IN FOR TAXES.


DR.


To balance per last annual report . $1,239 63


CR.


By cash for estates as follows :-


Common Sense Fertilizer Co. .


$344 62


Thomas Ratigay


13 24


W. F. Black


8 00


Winslow M. Newcomb


.


50 00


415 86


$823 77


REPAIRS OF TOWN BUILDINGS.


Town House.


Paid P. J. Williams & Co., staging, repairs, etc. . $273 17


Harkins Bros., plastering


140 08


Frank F. Crane, paint, etc.


·


88 40


John Clark, painting


157 39


Harkins Bros., repairing roof


6 75


James E. Maxim, labor


8 00


Total amount of cash paid out


$673 79


Appropriation


$700 00


Expenses


673 79


Expenses less than appropriation, $26 21


PARKS.


Paid Samuel Mckay, building tool-house $47 14


Samuel McKay, building fence


31 00


J. Breck & Sons, tools and grindstone Charles B. Tilton, hook


50


Charles H. Porter, scythe, etc.


2 00


J. A. Galvin, posts


5 00


Moses Bodreau, labor


188 75


John Bodreau,


.


103 25


Amount carried forward


$391 67


.


14 03


52


PARKS. - Continued.


Amount brought forward


$391 67


Paid Hubert Jerory, 66 58 01


Thomas O'Neil,


69 57


Thomas Donahue,


56 44


Total amount of cash paid out .


$575 69


Appropriation


$700 00


Expenses


575 69


Expenses less than appropriation · $124 31


HINGHAM AND QUINCY BRIDGES.


Paid George A. Cushing, treasurer, assessments $375 00


Expenses


$375 00


Appropriation


300 00


Expenses more than assessments . $75 00


THOMAS CRANE PUBLIC LIBRARY.


Paid Henry Barker, treasurer, appropriation $2,700 00


Henry Barker, treasurer, dog tax . 1,283 37


$3,983 37


BOARD OF HEALTH.


Paid Francis A. Spear, inspecting $20.00


J. W. Hayden, inspecting 329 70


Green & Prescott, printing and advertising


268 25


School Committee, rent of rooms


75 00


H. M. Sylvester, legal services 30 00


P. J. Williams & Co., signs, etc.


7 00


Amount carried forward


$729 95


53


BOARD OF HEALTH. - Continued.


Amount brought forward . $729 95


Paid John A. Gordon, virus, postage, etc.


9 15


Frank F. Crane, keys


.


1 80


Rand Avery Co., printing reports


4 50


Total amount of cash paid out


$745 40


Appropriation .


$750 00


Expenses


·


745 40


Expenses less than appropriation, $4 60


ASSESSORS' MAP.


Paid Whitman, Breck & Co., survey and plan $500 00


Appropriation $500 00


SUIT, LITCHFIELD v. TOWN.


Paid W. G. A. Pattee, attorney, damages $1,850 41


Wiggins & Faunce, legal services . 150 00


W. C. B. Fifield, expert witness .


125 00


A. F. Bussell, photograph 3 00


Total amount of cash paid out


$2,128 41 .


Appropriation


. $2,250 00


Expenses


2,128 41 ·


Expenses less than appropriation, $121 59


5


54


DECORATION OF SOLDIERS' GRAVES. Paid Post 88, G. A. R. $200 00


Appropriation $200 00


Annexed is the detailed account of the expenditures :


Flowers, wreaths, etc. . $126 00


Barges, carriages and teaming 45 50


Flags


8 00


Printing


12 50


Repairing and marks for soldiers'


graves


8 00


$200 00


SINKING FUND.


Paid Commissioners of Sinking Fund


.


$3,000 00 .


Appropriation


$3,000 00


TAXES (1882). GEORGE H. LOCKE, Collector.


DR.


To amount of taxes unpaid Feb. 1, 1887 $108 68


CR.


By cash paid Town Treasurer


$19 48


Balance unpaid Feb. 1, 1888


.


89 20


108 68


TAXES (1883). GEORGE H. LOCKE, Collector. DR.


To amount of taxes unpaid Feb. 1, 1887 $227 30


CR.


By cash paid Town Treasurer


$ 41 37


Abatements


46 00


·


Balance unpaid Feb. 1, 1888


.


139 93


227.30


55


TAXES (1884). GEORGE H. LOCKE, Collector. DR.


To amount of taxes unpaid Feb. 1, 1887 . $1,120 60


CR.


By cash paid Town Treasurer .


$ 81 23


Abatements


·


752 00


Balance unpaid Feb. 1, 1888


·


287 37


1,120 60


TAXES (1885). GEORGE H. LOCKE. Collector.


DR.


To amount of taxes unpaid Feb. 1, 1887 $2,366 74


CR.


By cash paid Town Treasurer


$662 22


Abatements 774 00


Balance unpaid Feb. 1, 1888


930 52


$2,366 74


TAXES (1886). QUINCY TIRRELL, Collector.


DR.


To amount of taxes unpaid Feb. 1, 1887 $12,589 08


CR.


By cash paid Town Treasurer $7,848 26


Abatements .r. 145 08


Balance unpaid Feb. 1, 1888


4,595 74


TAXES (1887). BRYANT N. ADAMS, Collector.


DR.


To town tax .


$139,072 04


County tax


4,875 32


State Tax .


10,777 50


Overlayings


1,285 76


Non-residents' bank-tax


2,730 71


158,741 33


56


TAXES. - Continued.


CR.


By cash paid Town Treasurer .


$143,363 77


Abatements .


1,098 91


Balance unpaid Feb. 1, 1888


14,278 65


158,741 33


Abatements on tax of 1883


$46 00


66 66


1884


752 00


6 6


1885


774 00


. . . . 1886


145 08


66


6.


1887


1,098 91


Abatements .


. $2,815 99


Appropriation


2,500 00


Abatements more than appropriation,


$315 99


APPROPRIATIONS FOR 1887. Support of Schools.


Teachers' and Superintendent's salaries,


fuel and care of rooms $39.580 00


Books and stationery


. 2,000 00


Incidental expenses .


. 3,200 00


Transportation of pupils 900 00


Repairs of buildings .. 2,000 00


Evening drawing school, . 1,000 00


Improvements at John Hancock school . 1,000 00 .


$49,680 00


Thomas Crane Public Library.


General appropriation


. $2,500 00


Care of grounds .


.


200 00


2,700 00


Cemeteries.


Old Cemetery


$100 00


Mount Wollaston Cemetery .


. 1,000 00


Improving and laying out grounds on Valley street 500 00


1,600 00


Amount carried forward . $53,980 00


$2,815 99


.


.


57


APPROPRIATIONS. - Continued. Amount brought forward $53,980 00


Fire Department.


Pay of, for 1886-7


. $2,045 00


Expenses current year . . $3,900 00


Draining cellar of Steamer house 135 00


4,035 00


Introducing water into engine-houses 100 00


Reservoirs


600 00


Fire Alarm boxes


850 00


Purchase 500 feet new hose .


400 00


Quincy Water Co., hydrant service


. 3,300 00


11,330 00


Bridges.


Neponset Bridge


. $1,000 00


Quincy Point Bridge


300 00


1,300 00


Purchase of steam road-roller


. $6,700 00


Repair and construction of roads


. 25,000 00


Removal of snow


. 1,000 00


Street lights


. 5,000 00


Rotary screen and water-cart.


. 1,000 00


Sidewalks


. 5,000 00


43,700 00


Miscellaneous Highways.


Furnace Avenue culvert


$300 00


Private way off Centre Street.


150 00


66 Copeland Street 50 00


Common Street


300 00


Centre Street


75 00


Widen brook on Willard Street


150 00


Road to Faxon Park


50 00


Station Street


350 00


Beale Street


2,500 00


New street off Willard Street (Rogers Street)


250 00


Wharf Street


300 00


Wollaston Avenue


200 00


Quincy Avenue


500 00


New street, West Quincy (Bates Ave.) 10,000 00


15,175 00


Amount carried forward


$125,485 00


.


58


APPROPRIATIONS. - Continued. Amount brought forward $125,485 00


Pay of Town Officers.


Selectmen, including horse hire . $2,400 00


Town Treasurer, $200, Town Clerk, $50 . 250 00


Clerk to Selectmen, Assessors and Over- seers of the poor


400 00


Collector of Taxes


500 00


Also 5 per cent on all single poll-taxes collected on or before Jan. 1, 1888.


Police . 1,200 00


Special police to enforce liquor laws . 1,000 00


Town Physician .


300 00 .


Registrars of Voters


300 00


Road Commissioners


600 00


6,950 00


Miscellaneous.


Support of poor . $7,000 00


Repairs of town buildings


700 00


Police Station


400 00


Free meetings in Town Hall


200 00 ·


Decoration of soldiers' graves


200 00


Assessors' map 500 00


Aid to indigent soldiers


500 00


Sinking Fund


. 3,000 00


Interest on town debt


. 3,000 00


Abatement of taxes


. 2,500 00


Miscellaneous town expenses


. 2,500 00


Water fountains 200 00


Public parks


700 00


Board of Health


750 00


Suit of Litchfield v. Town


2,250 00


.


24,400 00


Total appropriations


$156,835 00


Less bank and corporation tax .


. $7,535 00


Less amount to be met by note . . 10,000 00


17,535 00


To be raised .


$139,300 00


59


ESTIMATE OF EXPENSES FOR 1888. PREPARED BY THE SELECTMEN.


Support of poor


. $7,500 00


Repairs of town buildings


.


700 00


Abatements of taxes


2,500 00


Miscellaneous expenses .


2,500 00


Mount Wollaston Cemetery


1,000 00


Old Cemetery


100 00


Hingham and Quincy bridges


300 00


Neponset bridge


1,000 00


Aid to indigent soldiers


· 600 00


Police station


400 00


Pay of town officers


6,500 00


Water for hydrants


4,000 00


Water for fountains


300 00


Interest on town debt


3,0 0 00


Fire wards .


200 00


Free lectures in Town Hall .


200 00


SCHEDULE OF ACCOUNTS DUE THE TOWN.


State of Massachusetts, support of poor


$14 42


City of Cambridge,


24 36


City of Lawrence,


22 04


City of Fitchburg,


5 00


Town of Randolph, 66


2 00


Real estate, bought in for taxes


823 77


State aid due Feb. 1, 1888 .


2,560 04


$3,451 63


TREASURER'S REPORT.


DR.


To cash in treasury, Feb. 1, 1887 . $10,642 36


City of Cambridge, support of poor ·


187 73


Town of Whitman, support of poor


. 8 75


Amount carried forward . $10,838 84


.


60


TREASURER'S REPORT. - Continued.


Amount brought forward


$10,838 84


To Town of Plymouth, support of poor ·


1 50


Town of Hyde Park, support of poor


208 00


National Mount Wollaston Bank, rent of rooms 400 00


Income, Town Hall .


156 00


County Treasurer, rent of room for Probate Court


25 00


Sundry persons, for use of po- lice station 101 00


John Nolan, billiard license


5 00


J. D. Taber, 66 5 00 ·


A. L. Tirrell, 66 .


5 00


S. A. Merrill, 66


5 00


Wilfred Channan, billiard li-


cense


3 00


Frank A. Spear, auctioneer's


license 2 00


J. W. Lombard, auctioneer's license 2 00


B. N. Adams, auctioneer's li- cense . 2 00


J. T. French, auctioneer's li- cense 2 00


Patrick McAloon, billiard li-


cense . ·


2 00


Circus license .


20 00


B. N. Adams, auctioneer's li- cense 2 00


Permit to sell imitation butter


2 50


Violation game law . 5 00


District Court, one-half fine


2 50


Isaac Fenn, trustee, redemption of estate of Common Sense


Fertilizer Co., sold for taxes,


344 62


Mary Dolan, redemption of es- tate sold for taxes, of Thos. Ratigay 13 24


Amount carried forward . $12,153 20


61


TREASURER'S REPORT. - Continued.


Amount brought forward $12,153 20


To Wm. F. Black, redemption of estate sold for taxes 8 00


W. A. Hodges, account of es- tate of Winslow M. Newcomb, sold for taxes 50 00


Almshouse, cowskin sold .


4 55


Almshouse, wood sold sundry persons



24 10


Almshouse, loan and sand to


cemetery ·


39 32


Almshouse, horse sold


50 00


Almshouse, board of Neil Mc- Vicar


14 00


Almshouse, milk and eggs


7 80


Almshouse, two calves sold


3 50


Almshouse, sand sold Harkins Bros. .


45 25


Almshouse, sand sold E. Men- hinick .


10 00


Almshouse, sand sold C. B. Huston


35 50


Almshouse, sand sold Jones Howe .


36 50


Almshouse, sand sold sundry persons 10 80 · Almshouse, salt grass sold W. C. Baker 7 00


Almshouse, boarding Lewis Jones, 52 00


Almshouse, fowls sold ·


11 90


Almshouse, supplies furnished ouside poor . 639 34


Fire department, horse sold


30 00


Fire department, for error


2 81


Geo. H. Hobart, rent of land .


1 00


Fire alarm boxes, individual sub- scription


117 71


Refunded by poor and insane


persons


136 02


Amount carried forward $13,490 30


62


TREASURER'S REPORT. - Continued.


Amount brought forward .


$13,490 30


To Repair Fund of lots in Mount


Wollaston Cemetery, estate of


Daniel Baxter, lots 1,021 and 1,023 . J. P. Quincy


250 00


300 00


Thomas H. Plumer 150 00


County Treasurer, dog licenses, 1887


1,416 00


School department, rent of room to Board of Health


75 00


Edward Capen, board of C. V: Saville 180 50


Notes payable, borrowed in an- ticipation of taxes


93,000 00


Notes payable, Quincy Savings Bank, account new road


3,000 00


Road Commissioners, building sidewalks, A. B. Packard


80 63


C. H. Edwards


93 75


H. E. Ricker


37 36


W. F. Curtis .


23 78


Est. Daniel Baxter


24 32


C. Philip Tirrell


15 78


John Hall


30 55


Sylvester Brown


51 72


James Rose


34 00


J. W. Robertson


74 82


Durgin & Merrill


26 77


James R. Wild


43 04


Andrew M'Gillvrey .


16 60


Alphonse Reinhalter


18 20


Peter Reinhalter


52 55


Rev. F. A. Friguglietti


72 90


D. H. Fitzgerald


38 00


John Woddiek


24 40


Mrs. Michael Elcock


33 60


Timothy Fitzgerald .


24 00


Mrs. Patrick Kelly .


35 60


T. J. Lamb


24 00


Mrs. Duggan . .


33 20


Amount carried forward . $112,771 37


63


TREASURER'S REPORT. - Continued.


Amount brought forward . $112,771 37


To Daniel Hayes .


63 20


James F. Desmond .


27 60


James O'Connell


29 87


John Smith


89 45


M. A. Dolan


21 60


Miss Sarah Connors


26 40


Miss Bartlett .


13 30


Fred. A. Jones


54 25


P. & H. McGrath


88 00


Thomas McDonnell


25 60


E. H. Doble


34 70


William H. Teasdale


22 40


Mrs. William Ripley


61 75


Walter H. Ripley


20 25


Mayo P. Fuller


28 53


Badger Bros. .


67 20


Road Commissioners, labor and use of roller .


15 75


Road Commissioners, rolling


Hancock School yard . 10 00


Road Commissioners, two street lights on Franklin Street 33 00


State Treasurer, Corporation Tax


6,658 05


State Treasurer, National Bank Tax


2,127 13


State Treasurer, support of State paupers


145 00


State Treasurer, burial of State paupers


30 00


State Treasurer, State Aid, chap. 252, Acts 1879


317 00


State Treasurer, State Aid, chap. 301, Acts 1879


1,705 00


State Treasurer, refunded for error ·


38 07


State Treasurer, temporary sup- port of State paupers . · State Treasurer, income of


9 00


Mass. School Fund · 209 10


Amount carried forward . $124,742 57


64


TREASURER S REPORT. - Continued.


Amount brought forward . $124,742 57 To Lots sold in Mt. Wollaston Cemetery 220 00


Single graves sold in Mt. Wol- laston Cemetery . 5 00 Labor on lots in Mt. Wollaston Cemetery, 1887 . 1,347 12


Labor on lots in Mt. Wollaston Cemetery, 1886 .


77 00


Labor on lots in Mt. Wollaston Cemetery, 1885 9 00


Hay sold from Mt. Wollaston Cemetery


35 00


Non-resident owners of lots in Mt. Wollaston Cemetery, as- sessment for labor on lots


72 00


Income Repair Fund on lots


166 25


Geo. H. Locke, coll., tax 1882


19 48


66 66 1883


41 37


66 " 1884


81 23


66 1885


662 22


Geo. H. Locke, coll., interest on taxes .


40 49


Quincy Tirrell, collector, tax 1836 .


7,848 26


Quincy Tirrell, collector, inter- est on taxes 296 04


Bryant N. Adams, collector, tax 1887


143,363 77


Bryant N. Adams, collector, in- terest on taxes ·


265 24


Almshouse, wood furnished schools


46 25


Almshouse, sand furnished high- ways


28 00


Almshouse, straw furnished high- ways


18 08


Proceeds from sale of land at Rock Island ·


750 00


Quincy Sinking Fund


23,133 00


-,$303,267 37


Amount carried forward · .


$303,267,37


65


TREASURER'S REPORT. - Continued.


Amount brought forward


. $303,267 37


CR.


By State Treasurer, State tax 10,777 50


State Treasurer, National Bank tax


2,771 68


State Treasurer, support of


paupers


38 07


County Treasurer, county tax .


4,875 32


Notes payable, Basset, Whitney & Co. (school-house note) . Notes payable, borrowed in an- ticipation of taxes


10,000 00


Interest on Repair Fund of lots in Mount Wollaston Cemetery


166 25


Interest on notes


3,785 75


Town orders .


152,522 92


Refunded for auctioneer's license paid twice . .


2 00


Error in amount refunded by poor person 9 70


Joseph W. Lombard, for sell- ing land at Rock Island


22 50


Rock Island Fund, being pro- ceeds from sale of land at Rock Island paid to the Town Treasurer, and held by him as a special appropriation for schools, per vote of the town passed March 28, 1887


727 50


Notes payable, Quincy Sinking Fund . ·


10,000 00


Notes payable, Quincy Sinking Fund, borrowed in anticipa- tion of taxes.


6,466 00


Notes payable, Quincy Sinking Fund . .


3,333 00


Notes payable, Quincy Sinking Fund . 3,334 00


Balance on deposit in bank 7,901 18


$303,267 37


HORACE B. SPEAR, Town Treasurer.


86,534 00


66


STATEMENT OF THE TOWN DEBT.


DR.


State of Massachusetts, note due Dec. 9, 1888 $5,000 00


State of Massachusetts, note due June


1, 1889 . 10,000 00 Basset, Whitney & Co., note due Aug. 5, 1888 . 5,000 00 Basset, Whitney & Co., note due Jan. 27,1890 .


10.000 00


Quincy Savings Bank, on demand, on account Bates Ave. .


3,000 00


Accrued interest on notes


228 93


Repair Fund of lots in Mt. Wollaston Cemetery


4,025 00


$37,253 93


CR.


By cash in treasury


. $7,901 18


Due as per schedule of accounts, p


·


3,451 63


Unpaid taxes of 1882 .


89 20


1883 .


139 93


1884 .


287 37


1885 .


930 52


66 1886 .


4,595 74


1887 .


. 14,278 65


Sinking Fund


.


. 10,202 09


41,876 31


Surplus of cash assets .


. $4,622 38


REPORT OF COMMISSIONERS OF SINKING FUND.


The Commissioners of the Sinking Fund submit the accom- panying statement and report : -


SINKING FUND. Cash Account.


DR.


To Balance, Feb. 1, 1887 . $8,710 67


Interest on loan secured by mortgage, 638 53


" deposits in Quincy Sav- ings Bank 19 20


Interest on notes, Town of Quincy 838 41


Appropriation by Town .


3,000 00


Town of Quincy, on account of note . 5,234 00


Quincy Savings Bank, withdrawn 977 00


Loans secured by mortgage . 6,000 00


Town notes paid and cancelled . . 23,133 00


$48,550 81


CR.


By loan to Town of Quincy


$11,700 00


deposit in Quincy Savings Bank 379 20


Note secured by mortgage 9,000 00


Interest accrued and premium on


same


165 48


Quincy Savings Bank, for town of Quincy, note


. 3,334 00


Cash to Town Treasurer


. 23,133 00


Balance


839 13


48,550 81


GENERAL ACCOUNT.


Amount to credit of the Sinking Fund, invested as follows :-


Loan secured by mortgage . $9,000 00


Deposit in Quincy Savings Bank 362 96


Cash on deposit in bank


839 13


-- $10,202 09


HORACE B. SPEAR, Treasurer.


68


The Sinking Fund was established by a vote of the Town passed at the annual meeting, held on the 3d of March, 1879. It was intended to provide for the payment of certain notes of the town, five in number, which were then in the hands of the State. These notes bore 6 per cent. interest, and had been issued for a long period of years. The last of them, having originally twenty years to run, will not mature until June 1, 1889. By issuing these notes, therefore, the Town had put it out of its power to pay its debts for a period of twenty years, and but for the existence of these State notes its debt would have have been paid off six years ago. These notes aggregated the sum of $60,000. It was designed, through the machinery of the Sinking Fund, to appropriate towards their payment the sum of $3,000 a year, in order that a sufficient amount might be gradually and easily accumulated to meet them at maturity. The desired result has now been accomplished. All the notes except two, aggregating $15,000, have been taken up, and for the larger of these two a fund is provided, 'through the sale of the " Newcomb land," which fund is now in the hands of the Com- missioners. There seemed, therefore, to be no further reason why the Town should continue to pay the interest on its own notes, which had gradually been gathered into the Sinking Fund, and the Commissioners have assumed the responsibility of delivering those notes to the Town Treasurer for the purpose of cancellation.


As the town debt now stands the course in future to be pur- sued would seem to be simple. As above stated, there are two of the old State notes outstanding, one of $5,000, which will mature on the 9th of December, 1888, the other of $10,000 which will mature on the 1st of June, 1889. The Town also owes an additional note of $5,000, issued subsequently to the State notes, which will mature during the current year (1888).


There is in the Sinking Fund the sum of $10,202.09, of which $9,000 is invested in a mortgage note, bearing interest at the rate of eight per cent per annum. This sum will more than provide for the last of the State notes, to wit, the note for $10,000, which will mature June 1, 1889. There remain still unprovided for the two notes of $5,000 each, which mature during the current year. Instead of making the usual appro- priation of $3,000 for the Sinking Fund, the Commissioners would therefore recommend that the Town, at the coming annual meeting make an appropriation of $5,000 to meet one of the two notes aforesaid. The other note could then be renewed for




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