USA > Massachusetts > Norfolk County > Weymouth > Town annual report of Weymouth 1951 > Part 24
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South Junior High School, 11/2%, May 1, 1950 60,000.00 Pearl Street School, 11/4%, February 1, 1951 30,000.00 Sewer Loan, 13/4 %, October 1, 1951 9,000.00
South Junior High School, 13/4 %, October 1, 1951
4,000.00
Temporary Notes in Anticipation of $450,000 Bond Issue for Homestead Avenue School
200,000.00
Total Amount Due 1952
$ 343,000.00
ARTHUR E. PRATT FUND
Total Fund January 1, 1951
$3,000.00
Interest 1951 Paid Tufts Library $82.50
Total Fund Weymouth Savings Bank December 31, 1951 $3,000.00
WILLIAM H. PRATT FUND
Total Fund January 1, 1951
$2,798.80
Interest 1951 Paid Tufts Library $69.94
Total Fund in East Weymouth Savings Bank December 31, 1951 $2,798.80
CHARLES HENRY PRATT FUND
Total Fund January 1, 1951 Interest 1951 Paid Tufts Library $12.50
$ 500.00
Total Fund in East Weymouth Savings Bank December 31, 1951 $ 500.00
307
ALIDA M. DENTON FUND
Total Fund January 1, 1951
$ 700.00
Interest 1951 Paid Tufts Library
$17.50
Total Fund in East Weymouth Savings Bank December 31, 1951
$ 700.00
QUINCY TUFTS FUND FOR FREE PUBLIC LECTURES INCOME ACCOUNT
Total of Fund January 1, 1951
$1,106.07
Interest 1951 Massachusetts Life Fund
179.15
Interest 1951 Weymouth Savings Bank
31.33
Transfer to General Town Account
217.69
Total Fund Weymouth Savings Bank December 31, 1951
$1,098.86
QUINCY TUFTS FUND FOR CARE OF TUFTS FAMILY TOMB
Bequest Deposited in Massachusetts Life Fund, 16.80 units
$ 500.00
Interest 1951 Paid North Weymouth Cemetery Association $17.84
Total Fund December 31, 1952
$ 500.00
JOHN C. RHINES INCOME ACCOUNT
Income received to January 1, 1951 Interest received during 1951
$4,955.96 388.61
Total Fund East Weymouth, South Weymouth Savings Bank and U. S. Savings Bonds December 31, 1951
$5,344.57
JOSEPH E. TRASK FUND
Total Fund January 1, 1951 Interest 1951 Paid Tufts Library $325.12
$12,805.88
Total Fund East Weymouth, South Weymouth, Weymouth Savings Banks and U.S. Savings Bonds December 31, 1951
$12,805.88
SUSAN HUNT STETSON FUND
Total Fund January 1, 1951 Interest 1951 Paid Tufts Library $68.76
$2,500.00
Total Fund in Weymouth Savings Bank December 31, 1951 $2,500.00
308
$1,316.55
CHARLES 2. TIRRELL FUND
Total Fund January 1, 1951 Interest 1951 Paid Tufts Library $27.50
1 $1,000.00
Total Fund in Weymouth Savings Bank December 31, 1951 $1,000.00
FRANCIS FLINT FORSYTH FUND
Total Fund January 1, 1951 Interest 1951 Paid Tufts Library $27.50
$1,000.00
Total Fund in Weymouth Savings Bank December 31, 1951
$1,000.00
MARY FIFIELD KING FUND
Total Fund January 1, 1951 Interest Received During 1951
$5,031.25 64.07
5,095.32
Paid for Memorial Bells in Town Hall
5,000.00
Total Fund in South Weymouth Savings Bank December 31, 1951 $ 95.32
AUGUSTUS J. RICHARDS FUND
Total Fund January 1, 1951 Interest 1951 Paid Tufts Library $130.00
$5,000.00
Total Fund in Weymouth, South Weymouth Savings Bank and U. S. Savings Bonds December 31, 1951
$5,000.00
QUINCY TUFTS FUND FOR SHADE TREES AND SIDEWALKS INCOME ACCOUNT
Total Fund January 1, 1951 $ 194.36
Interest 1951 Massachusetts Life Fund
71.65
Interest 1951 Weymouth Savings Bank
6.86
Total Fund Weymouth Savings Bank December 31, 1951 $ 272.87
QUINCY TUFTS FUND FOR MAINTENANCE OF READING ROOM
Deposited in Massachusetts Life Fund Interest 1951 Paid to Tufts Library $89.58
$ 2,500.00
Total Fund December 31, 1951
$ 2,500.00
309
QUINCY TUFTS FUND FOR BOOKS FOR TUFTS LIBRARY
Deposited in Massachusetts Life Fund Interest 1951 Paid to Tufts Library
$89.58
Total Fund December 31, 1951
$ 2,500.00
WEYMOUTH HIGH SCHOOL ATHLETIC FUND
Total Fund January 1, 1951 Interest Received During 1951
281.03
Total Fund December 31, 1951
$10,915.29
INVESTMENTS OF THIS FUND
East Weymouth Savings Bank
$ 5,427.32
Weymouth Savings Bank
5,487.97
Total
$10,915.29
LABAN PRATT HOSPITAL FUND
Bequest July 22, 1925
$300,000.00 365,975.95
Total Fund January 1, 1951
$665,975.95
Income during 1951
16,708.20
$682,684.15
Charged to Granite Trust Checking Account
359.50
Total Fund December 31, 1951
$682,324.65
INVESTMENTS OF THIS FUND
East Weymouth Savings Bank
$ 45,134.78
South Weymouth Savings Bank
25,115.92
Weymouth Savings Bank
11,902.26
Granite Trust Checking Account
171.69
U. S. Government Bonds, Series G
600,000.00
Total
$682,324.65
MUNICIPAL BUILDING INSURANCE FUND
Total Fund January 1, 1951
$115,828.52
Add by Vote of Town in 1951
1.00
Interest Received During 1951
2,899.94
Total Fund December 31, 1951
$118,729.46
310
$ 2,500.00
$10,634.26
Net Income to December 31, 1950
INVESTMENTS OF ABOVE FUND
East Weymouth Savings Bank South Weymouth Savings Bank U. S. Government Bonds Total Fund December 31, 1951
$ 15,347.14 13,382.32 90,000.00
$118,729.46
WEYMOUTH BACK RIVER BRIDGE FUND
Deposited in Mass. Hospital Life Insurance Co. Annuity in Trust A-023 Accumulated Interest 1923-1948 Inclusive
$ 3,000.00
3,228.84
Total Fund December 31, 1951
$ 6,228.84
WEYMOUTH CONTRIBUTORY RETIREMENT FUNDS
Balance, January 1, 1951 In Banks
U.S. Government Obligations and Corporation Bonds North Weymouth Co-operative Bank Shares Bank Shares
2,000.00
59,946.84
$455,620.30
INVESTMENTS OF ABOVE FUNDS
U S. Savings Bonds
300,000.00
U S. Victory Bonds
15,000.00
Other Corporate Bonds
73,000.00
East Weymouth Savings Bank
5,474.99
Granite Trust Balance Checking Account, Dec. 31, 1951
198.47
North Weymouth Co-operative Bank
2,000.00
Bank Shares
59,946.84
$455,620.30
RECEIPTS 1951
Members' Contributions
$50,035.62
Town Appropriation
44,846.52
Interest on Bonds
10,168.75
Interest on Bank Accounts
233.87
Interest on Co-operative Bank
50.00
Dividends on Bank Stock
1,570.00
$106,904.76
DISBURSEMENTS 1951
Retirement Allowances
$ 49,614.05
Security Purchases
49,646.84
Services (Acct. Dept.)
1,300.00
Supplies and Incidentals
445.56
Salary of Secretary
500.00
Refund of Contributions
12,870.36
$114,376.81
311
$ 5,673.46
388,000.00
INVESTMENTS OF TRUST FUNDS SAVINGS BANKS
South Weymouth
East Weymouth Weymouth
Government Securities
Balance Jan. 1, 1951
Balance Jan. 1, 1952
Ashwood Cemetery
$ 506.89
$ 493.23
$ 506.89
Elias S. Beals Park
$1,000.00
1,000.00
1,000.00
Elias S. Beals Income a/c
161.95
133.45
161.95
Alida M. Denton Library
$
700.00
700.00
700.00
Francis Flint Forsythe Library
1,000.00
1,000.00
1,000.00
Mary Fifield King Fund
95.32
5,031.25
95.32
Mary Fifield King Tufts Library
2,004.17
83.42
81.18
83.42
Arthur E. Pratt Library
3,000.00
3,000.00
3,000.00
Charles H. Pratt Library
500.00
500.00
500.00
Laban Pratt Fountain
400.00
400.00
400.00
Laban Pratt Fountain Income a/c
695.31
665.82
695.31
William H. Pratt Library
2,798.80
2,798.80
2,798.80
John C. Rhines Income for Public Purposes
2,500.00
5,000.00
$2,500.00
10,000.00
10,000.00
John C. Rhines Income a/c
3,344.57
2,000.00
4,955.96
5,344.57
Augustus J. Richards Library
1,500.00
2,000.00
1,500.00
5,000.00
5,000.00
Susannah Hunt Stetson Library
2,500.00
2,500.00
2,500.00
Charles Q. Tirrell Library
1,000.00
1,000.00
1,000.00
Joseph E. Trask Library
4,100.00
2,005.88
2,000.00
4,700.00
12,805.88
12,805.88
Tufts Public Lectures
5,000.00 b
5,000.00 b
Tufts Public Lectures Income a/c
1,098.86
1,106.07
1,098.86
Tufts Reading Room
2,500.00 b
2,500.00 b
Tufts Books
2,500.00 b
2,500.00 b
Tufts Sidewalks and Shade Trees
2,000.00 b
2,000.00 b
Tufts Sidewalks and Shade Trees Income a/c
272.87
194.36
272.87
Tufts Care Tufts Tomb
500.00 b
500.00 b
Note b -421.36 Units in Massachusetts Life Fund.
Total
$63,399.29
$65,934.75
-
2,004.17
Martha Hannah King
312
REPORT OF THE WEYMOUTH CONTRIBUTORY RETIREMENT SYSTEM
Weymouth, Massachusetts February 7, 1952.
To the Honorable Board of Selectmen and the Citizens of Weymouth:
Members of the System January 1, 1951 347
Enrolled in 1951
70
Withdrawals 28
Retirements
5
Membership December 31, 1951
384
Pensioners January 1, 1951
47
Retired in 1951
5
Deaths in 1951
4
Pensioners December 31, 1951
48
FINANCIAL REPORT FOR THE YEAR 1951
INCOME
From Members:
Regular Contributions - Group A
$ 34,334.69
Regular Contributions - Group B
14,877.04
From Municipality :
Pension Fund
42,506.00
Expense Fund
2,305.00
Military Leave Fund
35.52
From Weymouth Housing Authority :
Pension Fund
248.00
Interest on Deposits :
East Weymouth Savings Bank
233.87
North Weymouth Co-operative Bank
50.00
Coupons on Bonds
2,293.75
U. S. Treasury Interest
7,875.00
Bank Stocks - Dividends
1,570.00
$106,328.87
DISBURSEMENTS
Annuity Payments
$ 3,483.19
Pension Payments
46.130.86
Refunds:
To Members in Group A
10,571.58
To Members in Group B
479.38
313
Expenses :
Supervision
500.00
Clerical Services
1,300.00
Printing
34.73
Postage
15.00
Office Supplies
2.40
Conferences, Legislative Hearings, etc.
153.43
Medical Panels
220.00
Rent Safe Deposit Box
10.00
Association Dues
10.00
62,910.57
$ 43,418.30
BALANCE SHEET - DECEMBER 31, 1951 ASSETS
Treasurer's Cash:
East Weymouth Savings Bank
$
6,469.80
Granite Trust Company
198.47
Investments:
Bonds - General
68,361.56
Bonds - U. S. Government
315,000.00
North Weymouth Co-operative Bank Shares Bank Stocks
59,946.84
Accrued Interest on Bonds
1,817.16
$453,793.83
LIABILITIES
Annuity Savings Fund
$283,539.88
Pension Fund
135,709.34
Annuity Reserve Fund
32,024.77
Expense Fund
222.68
Military Leave Reserve Fund
2,297.16
$453,793.83
SCHEDULE OF BANK STOCK OWNED December 31, 1951
Purchase Price
Chemical Bank & Trust Co., N. Y.
250 shares
$ 10,906.25
First National Bank of Boston
234 shares
10,745.59
Guaranty Trust Co., N. Y.
35 shares
10,307.50
Chase National Bank, N. Y.
250 shares
9,187.50
Bank of Manhattan, N. Y.
300 shares
8,925.00
National City Bank of N. Y.
200 shares
8,875.00
$ 58,946.84
314
2,000.00
SCHEDULE OF BONDS OWNED December 31, 1951
Description of Bonds
Coupon Rate
Maturity
Par Value
Purchase Price
Public Service Co. of N. H.
3 %
June
1, 1979
$ 5,000
$ 5,087.50
Amer. Tel. & Tel. Co.
234 %
April
1, 1982
10,000
10,075.00
N. Y. C. & H. R. R. R. Co.
31/2 %
July
1, 1997
10,000
8,519.38
Northern Pacific R. R.
4 %
Jan.
1, 1997
10,000
7,002.79
Pacific Gas & Elec. Co.
3 %
Dec.
1, 1979
10,000
10,628.91
Public Service Co. of Ind.
31/8%
Nov.
1, 1977
5,000
5,081.25
Southern Pacific R. R.
27/8%
Jan.
1, 1986
10,000
9,926.73
The Montana Power Co.
27/8%
Oct.
1, 1975
5,000
4,825.00
The Pacific Tel. & Tel.
234%
Dec.
1, 1985
5,000
4,650.00
Reading Company
31/8%
May
1, 1995
3,000
2,565.00
U. S. Savings Bonds
21/2 %
Feb.
1, 1954
10,000
10,000.00
U. S. Savings Bonds
21/2 %
Mar.
1, 1954
10,000
10,000.00
U. S. Savings Bonds
21/2 %
June
1, 1954
5,000
5,000.00
U. S. Savings Bonds
21/2 %
Aug.
1, 1954
10,000
10,000.00
U. S. Savings Bonds
21/2%
Oct.
1, 1954
10,000
10,000.00
U. S. Savings Bonds
21/2 %
May
1, 1955
40,000
40,000.00
U. S. Savings Bonds
2 1/2 %
June
1, 1957
25,000
25,000.00
U. S. Savings Bonds
21/2 %
Dec.
1, 1957
10,000
10,000.00
U. S. Savings Bonds
21/2 %
June
1, 1958
25,000
25,000.00
U. S. Savings Bonds
21/2 %
June
1, 1960
25,000
25,000.00
U. S. Savings Bonds
2 1/2 %
June
1, 1961
30,000
30,000.00
U. S. Savings Bonds
21/2 %
April
1, 1962
50,000
50,000.00
U. S. Victory Bonds
21/2 %
Dec.
1, 1963
15,000
15,000.00
$388,000
$383,361.56
U. S. Savings Bonds
21/2 %
June
1, 1956
50,000
50,000.00
Respectfully submitted,
ERLE R. STARRATT, Chairman EMERSON R. DIZER, Secretary FRANCIS L. GAUGHEN
315
SALARIES OF TOWN OFFICIALS
Salary paid in 1951
Office and Incumbent
-
Selectmen:
Joseph Crehan
$ 680.11
Joseph A. Fern
600.00
Raymond Morgan
600.00
Herbert A. Chubbuck
600.00
Everett E. Callahan
480.65
Harry Christensen
139.24
Treasurer:
Harry I. Granger
4,256.00
Ton Clerk:
Harry Christensen
2,617.44
Nellie L. Greaney
894.59
Collector of Taxes:
Frank W. Holbrook
5,200.00
School Committee
None
Assessors:
Charles W. Burgess
1,600.00
Harry E. Bearce
4,256.00
Frank A. Pray
1,450.00
John W. Heffernan
1,450.00
George H. Bell
1,450.00
Water Department:
Stanley T. Torrey
225.00
John E. Horace
200.00
Clarence W. Taylor
200.00
Joseph Crehan
158.33
Harry Christensen
41.67
Harry I. Granger
225.00
Sydney C. Beane
5,700.00
Registrars of Voters:
Lawrence P. Corridan
325.00
John J. Santry
275.00
Edward C. McIntosh
250.00
Harry Christensen
313.99
Nellie L. Greaney
86.01
Trustees of Tufts Library
None
Park Commissioners:
Everett J. McIntosh
200.00
Otto Mason
200.00
Joseph D. Slattery
100.00
Francis X. Kelly
100.00
Planning Board
None
Tree Warden and Moth Superintendent:
V. Leslie Hebert
4,256.00
316
Annual Moderator
None
Sewer Department: J. Herbert Libbey John W. Field Charles J. Masterson Francis H. Hamilton
500.00
500.00
500.00
5,400.00
Town Counsel:
Kenneth L. Nash
2,500.00
Town Accountant:
Emerson R. Dizer
5,400.00
Superintendent of Streets: John J. O'Leary
5,200.00
Sealer of Weights and Measures:
Charles W. Burgess
1,300.00
Welfare Agent:
Thomas P. Delahunt
4,620.00
Chief of Police:
Edward F. Butler
5,200.00
Chief of Fire Department: Walter R. Murray
5,200.00
Health Agent:
Henry F. Godin
3,528.00
Plumbing Inspector:
Thomas J. MacDonald
3,528.00
Building Inspector: Andrew A. Chisholm 4,256.00
Wiring Inspector: Joseph W. Ross
3,528.00
Harbor Master:
Cecil L. Evans
2,600.00
Veterans' Administrator: Raymond E. Stein
3,800.00
Dog Officer: John H. Reidy
600.00
Animal Inspector: John H. Reidy
400.00
Custodian of Veterans' Graves: Karl O'Neil 230.00
317
TABLE OF CONTENTS
Alewife Fisheries 145
Annual Town Election 91
Annual Town Meeting 11
Annual Town Meeting, Adjourned 48
Assessors' Report 153
Board of Health 245
Board of Fence Viewers 135
Building Inspector 139
Civil Defense Committee 242
Collector of Taxes 136
ยท Committee on Swimming Pool. 140
Dental Clinic
246
Electric Lighting Committee 141
Fire Alarm, Supt. 135
Fire Department 134
General Relief 151
General School Building Committee 221
Harbor Master
142
Inspector of Animals 142
Junior High School Building Committee 218
Jury List 118
Jurors Drawn 126
Laban Pratt Hospital Report. 158
Library Trustees Report, Library Facilities 232
Memorial Day Committee. 244
Moth Department 149
Old Age Assistance 152
318
Pearl Street School Building Committee 220
Park Commissioners 140
Personnel Board 147
Planning Board 146
Plumbing Inspector 141
Police Department 147
Public Welfare 151
Retirement System 313
Registrars of Voters 129
Salaries of Town Officials 316
Salaries and Wage Scales 52
Salary Schedule - School Department 201
School Report 161
Sealer of Weights and Measures 139
Shell Fish Constable 133
Special Town Meeting, April 6; Warrant for 99
Special Town Meeting, October 1; Warrant for 107
Street Department 148
Sewer Department
131
Sewer Department Supt. 131
Town Accountant's Report 271
Town Clerk's Financial Report 127
Town Counsel 157
Town Election 92
Town Engineer
144
Town Offices
3
Treasurer's Report 306
Tree Department 149
Tufts Library Report 225
Veterans' Service 143
Vital Statistics 127
Water Der Ment 249
Wiring Inspector 143
319
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