Town of Arlington annual report 1941, Part 12

Author: Arlington (Mass.)
Publication date: 1941
Publisher:
Number of Pages: 486


USA > Massachusetts > Middlesex County > Arlington > Town of Arlington annual report 1941 > Part 12


Note: The text from this book was generated using artificial intelligence so there may be some errors. The full pages can be found on Archive.org (link on the Part 1 page).


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1 200 Shares National Shawmut Bank Stock 5,000.00


TRUST AND INVESTMENT FUNDS


219


5000 U. S. Treasury 27/8% Bonds 55/60


5,000.00


5000 U. S. Treasury 31/4% Bonds 43/45


5,000.00


5000 U. S. Treasury 21/2% Bonds 52/54


5,000.00


2400 U. S. Treasury 21/2% Bonds 56/58


2,400.00


5,000.00


5000 West End Ry. Bonds, 1944 .. 5000 Pacific Gas & Electric Bonds, 3%, 1970


5,000.00


-


$181,613.63


J. EDWIN KIMBALL M. ERNEST MOORE FREDERICK W. HILL Commissioners


CHARLES A. HARDY, Treasurer CLARENCE NEEDHAM, Accountant


220


ARLINGTON TOWN REPORT


MUNICIPAL BUILDINGS INSURANCE FUND 1941


Fund and Accumulated Income, January 1, 1941 $79,433.90


RECEIPTS


Interest on :


U. S. 33/4% Bonds $100.52


U. S. 23/4% Bonds


137.50


U. S. 2% Bonds


400.00


U. S. 31/8% Bonds


312.00


U. S. 3% Bonds


300.00


U. S. 33/8% Bonds


168.75


U. S. 21/2% Bonds


68.48


Arlington 5c Savings Bank


188.47


$1,676.22


$15,000 U. S. Savings Bonds increased


500.00


Premium received on $6,000 33/4% Bonds 667.19


$82,277.31


Payments


Premium on 21/2% Bonds 52/54


$38.75


Box rent 10.00


48.75


Fund, December 31, 1941 $82,228.56


Investment Transactions in 1941


Investments, January 1, 1941 $79,433.90


Purchased U. S. 21/2% Bonds, 52/54 6,000.00


U. S. Savings Bonds increased, Apr. 1939 300.00


U. S. Savings Bonds increased, Jan. 1940 200.00


"


221


TRUST AND INVESTMENT FUNDS


Deposited in Arlington 5c Savings Bank 1,798.15


$87,732.05


Sold U. S. 33/4% Bonds of 46/56


5,000.00


Withdrew fron Boston Safe Deposit and Trust Co. 503.49


5,503.49


$82,228.56


Investments


U. S. Treasury 31/8 % Bonds 46/49 $10,000.00


U. S. Treasury 33/8% Bonds 43/47


5,000.00


U. S. Treasury 3% Bonds 46/48 10,000.00


U. S. Treasury 21/2% Bonds 52/54 6,000.00


U. S. Treasury 2% Bonds 1947 .. 20,000.00


U. S. Treasury 23/4% Bonds 45/47 5,000.00


U. S. Savings Bonds 1949


7,900.00


U. S. Savings Bonds 1950


7,700.00


Arlington 5c Savings Bank, Book 40412 10,628.56


$82,228.56


HARRIE H. DADMUN EDWARD H. KITTREDGE ROY B. CROSBY


Commissioners


CHARLES A. HARDY, Treasurer CLARENCE NEEDHAM, Accountant


222


ARLINGTON TOWN REPORT


WORKMEN'S COMPENSATION INSURANCE FUND 1941


Principal of Fund and Accumulated Income January 1, 1941 $142.97


Receipts


Interest, Menotomy Trust Co. Savings Dept. 108.21


Appropriation, Annual Town Meeting 7,000.00


$7,251.18


Payments


Paid Town for Disbursements $4,864.93


$2,386.25


Investments


Menotomy Trust Co. Savings Dept. Book 1686 $2,386.25


HARRIE H. DADMUN EDWARD H. KITTREDGE ROY B. CROSBY Commissioners


CHARLES A. HARDY, Treasurer CLARENCE NEEDHAM, Accountant


TRUST AND INVESTMENT FUNDS


223


CONTRIBUTORY RETIREMENT SYSTEM 1941


Balance, January 1, 1941


$105,669.10


Contributions


15,660.77


Interest on bank deposits.


2,645.25


Profits from sale of bonds.


383.88


Appropriation


27,783.20


Amortized Bonds


19.25


Expenditures


Pensions


$13,153.55


Refunds


2,137.29


Expenses


1,294.61


Accrued interest


29.36


16,614.81


Balance, December 31, 1941


$135,546.44


Investments 1


Andover Savings Bank


$2,057.19


Arlington Savings Bank


1,861.02


Belmont Savings Bank


1,766.31


Boston Penny Savings Bank


100.00


Cambridge Savings Bank


2,634.66


Chelsea Savings Bank


4,187.97


Danvers Savings Bank


1,040.52


East Boston Savings Bank


8,388.54


East Weymouth Savings Bank


9,631.04


Home Savings Bank


60.00


Lexington Savings Bank


2,745.53


Lynn Savings Bank


1,021.79


Lynn Institution for Savings


1,030.72


Malden Savings Bank


8,738.95


Mechanics Savings Bank


2,072.12


Medford Savings Bank


2,700.26


Melrose Savings Bank


8,662.14


Natick Savings Bank


1,035.84


Newton Savings Bank


2,107.88


North Avenue Savings Bank (Cambridge).


5,025.00


Stoneham Savings Bank


3,865.54


Wakefield Savings Bank


684.74


Waltham Savings Bank


1,283.57


Warren Savings Bank


7,455.64


Watertown Savings Bank


3,210.32


West Newton Savings Bank


4,274.29


Whitman Savings Bank


4,050.00


Winchester Savings Bank


3,167.76


Woburn Savings Bank


16,135.04


Menotomy Trust Co. Checking Account. Securities :


1,233.01


2,000.00


16,300.00


5,019.05


....


$110,994.38


Paid up Certificate Pittsfield Coop. Bank U. S. Treas. 21/2% coupon bonds 67/72 .... U. S. Treas. 21/2% registered bonds 67/72


$152,161.25


$135,546.44


224


ARLINGTON TOWN REPORT


INVESTMENT TRANSACTIONS Purchases


April 7, 1941


Purchased certificate No. 1052 in Pittsfield coop. Bank $2,000.00


May 27, 1941


Subscribed for $10,400 U. S. 21/2% bonds, 54/56 @ par 10,400.00


July 3, 1941


Subscribed for $10,000 U. S. 1% notes, @ par. ... 10,000.00


July 24, 1941


Subscribed for $6,000 C.C.C. bonds @ par. 6,000.00


October 20, 1941


Subscribed for $16,300 U. S. 21/2% bonds, 67/72, @ par December 4, 1941


16,300.00


Subscribed for $5,000 U. S. 21/2% bonds, 67/72, @ par 5,000.00


Subscribed for $1,500 U. S. 2% bonds, 51/55, @ par .... 1,500.00


$51,200.00


Sales


June 2, 1941


Sold 10,400 21/2% bonds, @ 102:22.


$10,400.00


July 3, 1941 Sold 10,000 1% notes @ 100:22.


10,000.00


July 24, 1941 Sold 6000 C.C.C. bonds @ 100:49


6,000.00


Dec. 11, 1941 Sold 1,500 2% bonds @ 100


1,500.00


27,900.00


U. S. Bonds and Co-operative Certificate on hand


December 31, 1941


$23,300.00


Amortized


19.05


$23,319.05


SUMMARY OF MEMBERSHIP ACTIVITY


1937


1938


1939


1940


1941


Total


Entrants


186


24


19


4


17


250


Deaths


1


1


2


3


7


Withdrawals


3


2


4


6


10


25


Retirements


6


4


7


7


2


26


Active Members as of


December 31:


Male


138


146


156


144


143


143


Female


39


48


46


48


51


51


Members on Retirement December 31


6


10


16


23


22


22


Amount of


Retirement


Allowances


1938


1939


1940


Paid ..


$4,370.67


$7,848.20


$12,345.72


1941 $13,163.41


Total $37,728.00


Allowances in


Effect as of


Dec. 31, 1941


$13,041.09 CLARENCE NEEDHAM HAROLD A. CAHALIN DAVID F. HUGHES Contributory Retirement Board


CHARLES A. HARDY, Treasurer


CLARENCE NEEDHAM, Accountant


225


TRUST AND INVESTMENT FUNDS


ROBBINS LIBRARY ART FUND


1941


Fund, December 31, 1940


$25,000.00


Accumulated Income, December 31, 1940 18,203.48


$43,203.48


Receipts


Interest on:


First National Bank Stock. $400.00


U. S. Treasury 21/4% Bonds. 412.50


Arlington 5c Savings Bank deposit


364.48


Profit on Sale of Bonds.


$1,176.98 177.69


$44,558.15


Payments


Salary of Curator $1,000.00


Various expenses, as per vouchers. ... 159.64


Box rent 10.00


1


1,169.64


$43,388.51


Investment Transactions


Investments, January 1, 1941 .. $43,203.48


Subscribed for $2400 U. S. 21/2%


Bonds @ par 2,400.00


Subscribed for $3800 U. S. 21/2% Bonds at par 3,800.00


Subscribed for $500, U. S. 2% Bonds @ par 500.00


Deposited in Arlington 5c Sav. Bank


354.67


$50,258.15


226


ARLINGTON TOWN REPORT


Sold 2400 U. S. 21/2% Bonds @ 102:26 2,400.00


Sold 3800 U. S. 21/2% Bonds @ 102:28 3,800.00


Sold 500 U. S. 2% Bonds @ 100:6. .. 500.00


Withdrew from Menotomy Trust Co ... 169.64


7,869.64


$43,388.51


Investments


U. S. 21/4% Bonds 56/59 $15,000.00


200 shares First National Bank Stock


9,560.00


Arlington 5c Savings Bank


18,577.33


Menotomy Trust Co.


251.18


$43,388.51


ARTHUR J. WELLINGTON M. HELEN TEELE SARAH R. VAUGHN FRANCIS KEEFE EDWARD H. KITTREDGE FREDERICK W. HILL


Trustees


CHARLES A. HARDY, Treasurer CLARENCE NEEDHAM, Accountant


TRUST AND INVESTMENT FUNDS


227


HENRY MOTT LIBRARY FUND 1941


Principal of Fund


$5,200.00


Receipts


Interest on:


Arlington 5c Savings Bank Deposit


$2.96


Jersey Central Power & Light Bonds 175.00


$5,377.96


Payments


Paid Town for Disbursement


$177.96


$5,200.00


Investments


$5,000 Jersey Central Power & Light Bonds $5,125.00


Arlington 5c Sav. Bank, Book 15101 75.00


$5,200.00


ARTHUR J. WELLINGTON M. HELEN TEELE SARAH R. VAUGHN FRANCIS KEEFE EDWARD H. KITTREDGE FREDERICK W. HILL


Trustees


CHARLES A. HARDY, Treasurer CLARENCE NEEDHAM, Accountant


228


ARLINGTON TOWN REPORT


TIMOTHY WELLINGTON LIBRARY FUND 1941


Principal of Fund $100.00


Receipts


Interest on Arlington 5c Savings Bank


2.01


$102.01


Payments


Paid Town for Disbursement


2.01


$100.00


Investments


Arlington 5c Savings Bank, Book 15103 100.00


ARTHUR J. WELLINGTON M. HELEN TEELE SARAH R. VAUGHN FRANCIS KEEFE EDWARD H. KITTREDGE FREDERICK W. HILL


Trustees


CHARLES A. HARDY, Treasurer CLARENCE NEEDHAM, Accountant


229


TRUST AND INVESTMENT FUNDS


ELLEN W. HODGDON LIBRARY FUND 1941


Principal of Fund


$1,000.00


Receipts


Interest on Arlington 5c Savings Bank


20.10


$1,020.10


Payments


Paid Town for Disbursements.


20.10


$1,000.00


Investments


Arlington 5c Savings Bank, Book 45368. 1,000.00


ARTHUR J. WELLINGTON M. HELEN TEELE SARAH R. VAUGHN FRANCIS KEEFE EDWARD H. KITTREDGE FREDERICK W. HILL


Trustees


CHARLES A. HARDY, Treasurer CLARENCE NEEDHAM, Accountant


230


ARLINGTON TOWN REPORT


CHILDREN'S BOOK FUND 1941


Fund, January 1, 1941


$5,000.00


Gain of Capital Assets


400.00


$5,400.00


Receipts


Interest on:


First National Bank stock


$200.00


Arlington 5c Savings Bank 46.42


246.42


$5,646.42


Payments


Paid Town for Disbursement


$246.42


5,400.00


Gain of Capital Assets


400.00


Fund


$5,000.00


Investments 75 shares of First National Bank Stock $3,075.00 Arlington 5c Savings Bank Book 57012 2,325.00


$5,400.00


ARTHUR J. WELLINGTON M. HELEN TEELE SARAH R. VAUGHN FRANCIS KEEFE EDWARD H. KITTREDGE FREDERICK W. HILL


Trustees


CHARLES A. HARDY, Treasurer CLARENCE NEEDHAM, Accountant


231


TRUST AND INVESTMENT FUNDS


DEXTER RAWSON FAY LIBRARY FUND 1941


Principal of Fund


$1,741.60


Receipts


Interest on :


Arlington 5c Savings Bank $3.28


Arlington Co-operative Bank 48.00


51.28


$1,792.88


Payments


Paid Town for Disbursement


51.28


$1,741.60


Investments


Eight matured shares, 3% Arlington


Co-operative Bank $1,600.00


Arlington 5c Savings Bank Book 51672 141.60


$1,741.60


ARTHUR J. WELLINGTON M. HELEN TEELE


SARAH R. VAUGHN FRANCIS KEEFE


EDWARD H. KITTREDGE


FREDERICK W. HILL


Trustees


CHARLES A. HARDY, Treasurer CLARENCE NEEDHAM, Accountant


232


ARLINGTON TOWN REPORT


E. NELSON BLAKE LIBRARY FUND 1941


Principal of Fund


$4,000.00


Gain of Capital Assets


676.25


$4,676.25


Receipts


Interest on :


Arlington 5c Savings Bank Deposit


$94.29


Profits from Investments


22.82


117.11


$4,793.36


Payments


Paid Town for Disbursement.


$94.29


Service charge 2.50


96.79


$4,696.57


Gain of Capital Assets


696.57


Fund


$4,000.00


Transactions


Investments, January 1, 1941


$4,676.25


Subscribed for 1000 U. S. 21/2% Bonds $1,000.00


Deposited in Arlington 5c Savings Bank 20.32


1,020.32


5,696.57


TRUST AND INVESTMENT FUNDS


233


Sold 1000 21/2% U. S. Bonds @ 102.9 1,000.00


$4,696.57


Investments


Arlington 5c Savings Bank Book 52201 $4,696.57


ARTHUR J. WELLINGTON M. HELEN TEELE SARAH R. VAUGHN FRANCIS KEEFE EDWARD H. KITTREDGE FREDERICK W. HILL


Trustees


CHARLES A. HARDY, Treasurer CLARENCE NEEDHAM, Accountant


234


ARLINGTON TOWN REPORT


NATHAN PRATT LIBRARY FUND 1941


Principal of Fund $10,000.00


Receipts


Interest on Arlington 5c Savings Bank. $201.00


$10,201.00


Payments


Paid Town for Disbursement $201.00


$10,000.00


Investments


Arlington 5c Savings Bank Book No. 40850 $10,000.00


ROSCOE R. PERRY ARTHUR J. WELLINGTON ERNEST H. FREEMAN ROY B. CROSBY HARRIE H. DADMUN


Trustees


CHARLES A. HARDY, Treasurer


CLARENCE NEEDHAM, Accountant


TRUST AND INVESTMENT FUNDS


235


NATHAN PRATT HIGH SCHOOL FUND 1941


Principal of Fund $25,000.00


Receipts


Interest on :


Arlington 5c Savings Bank $241.20


N. H. R. R. Bonds balance of coupon 62 65.00


N. H. R. R. Bonds coupon 63, 64 ...... 520.00


826.20


$25,826.20


Payments


Paid Town for Disbursement 826.20


$25,000.00


Investments


N. Y., N. H. & H. R. R. Debenture Bonds 4% 1955 $13,000.00


Arlington 5c Sav. Bank, Book 40413 ..


12,000.00


$25,000.00


ROSCOE R. PERRY ARTHUR J. WELLINGTON ERNEST H. FREEMAN ROY B. CROSBY HARRIE H. DADMUN


Trustees


CHARLES A. HARDY, Treasurer CLARENCE NEEDHAM, Accountant


236


ARLINGTON TOWN REPORT


E. NELSON BLAKE, JR., MEMORIAL FUND 1 1941


Principal of Fund $3,000.00


Receipts


Interest on Arlington 5c Savings Bank 60.30


$3,060.30


Payments


Paid Town for Disbursement 60.30


$3,000.00


Investments


Arlington 5c Savings Bank, Book 12541 $3,000.00


ROSCOE R. PERRY


ARTHUR J. WELLINGTON ERNEST H. FREEMAN ROY B. CROSBY HARRIE H. DADMUN


Trustees


CHARLES A. HARDY, Treasurer


CLARENCE NEEDHAM, Accountant


TRUST AND INVESTMENT FUNDS


237


NATHAN PRATT POOR WIDOWS' FUND 1941


Principal of Fund


$5,000.00


Receipts .


Interest on Arlington 5c Savings Bank


100.50


$5,100.50


Payments


Paid Town for Disbursement


100.50


$5,000.00


Investments


Arlington 5c Savings Bank, Book 40450


$5,000.00


ROSCOE R. PERRY


ARTHUR J. WELLINGTON ERNEST H. FREEMAN ROY B. CROSBY HARRIE H. DADMUN


Trustees


CHARLES A. HARDY, Treasurer CLARENCE NEEDHAM, Accountant


238


ARLINGTON TOWN REPORT


E. S. FARMER RELIEF FUND 1941


Principal of Fund


Gain of Capital Assets


$5,000.00 145.00


$5,145.00


Receipts


Interest on:


U. S. Treasury Bond $33.75


West End Ry. Bond


50.00


Arlington 5c Savings Bank


63.93


147.68


$5,292.68


Payments


Paid Town for Disbursement


$147.68


Gain of Capital Assets


145.00


Investments


U. S. Treasury Bond, 1947, 33/8% $1,000.00


West End Ry. Bond, 1944, 5% 1,000.00


Arlington 5c Sav. Bank Book 20873 3,145.00


$5,145.00


ROSCOE R. PERRY ARTHUR J. WELLINGTON ERNEST H. FREEMAN EDWARD H. KITTREDGE HARRIE H. DADMUN


Trustees


CHARLES A. HARDY, Treasurer CLARENCE NEEDHAM, Accountant


$5,145.00


Fund, December 31, 1941


$5,000.00


239


TRUST AND INVESTMENT FUNDS


E. S. FARMER POOR WIDOWS' FUND 1941


Principal of Funds


$5,000.00


Receipts


Interest on Arlington 5c Savings Bank.


100.50


$5,100.50


Payments


Paid Town for Disbursement


100.50


$5,000.00


Investments


Arlington 5c Savings Bank, Book 40379 $5,000.00


ROSCOE R. PERRY ARTHUR J. WELLINGTON ERNEST H. FREEMAN EDWARD H. KITTREDGE HARRIE H. DADMUN


Trustees


CHARLES A. HARDY, Treasurer


CLARENCE NEEDHAM, Accountant


240


ARLINGTON TOWN REPORT


MARY CUTTER POOR WIDOWS' FUND 1941


Principal of Fund $613.11


Receipts


Interest on Arlington 5c Savings Bank. 12.32


$625.43


Payments


Paid Town for Disbursement 12.32


$613.11


Investments


Deposited in Arlington 5c Sav. Bank, Book 15105 $613.11'


WILLIAM C. ADAMS ERNEST W. DAVIS HAROLD M. ESTABROOK


Trustees, ex-officio


CHARLES A. HARDY, Treasurer CLARENCE NEEDHAM, Accountant


241


TRUST AND INVESTMENT FUNDS


MARTHA M. W. RUSSELL POOR WIDOWS' FUND 1941


Principal of Fund $1,704.23


Receipts


Interest on Arlington 5c Savings Bank


34.25


$1,738.48


Payments


Paid Town for Disbursement


34.25


$1,704.23


Investments


Arlington 5c Savings Bank Book 439


$1,704.23


WILLIAM C. ADAMS ERNEST W. DAVIS HAROLD M. ESTABROOK Trustees, ex-officio


CHARLES A. HARDY, Treasurer CLARENCE NEEDHAM, Accountant


-


242


ARLINGTON TOWN REPORT


ANNIE L. HILL POOR WIDOWS' FUND 1941


Principal of Fund $2,000.00


Receipts


Interest on Arlington 5c Savings Bank 16.67


$2,016.67


Payments


Paid Town for Disbursement


16.67


$2,000.00


Investments


Arlington 5c Savings Bank, Book 61578


$2,000.00


WILLIAM C. ADAMS ERNEST W. DAVIS HAROLD M. ESTABROOK Trustees, ex-officio


CHARLES A. HARDY, Treasurer CLARENCE NEEDHAM, Accountant


.


TRUST AND INVESTMENT FUNDS


243


WILLIAM CUTTER SCHOOL FUND 1941


Principal of Fund


$5,354.00


Receipts


Interest on Arlington 5c Savings Bank


107.61


$5,461.61


Payments


Paid Town for Disbursement 107.61


$5,354.00


Investments


Arlington 5c Savings Bank, Book 15102


$5,354.00


1


WILLIAM C. ADAMS ERNEST W. DAVIS HAROLD M. ESTABROOK Trustees, ex-officio


CHARLES A. HARDY, Treasurer CLARENCE NEEDHAM, Accountant


244


ARLINGTON TOWN REPORT


MARTHA M. W. RUSSELL SCHOOL FUND 1941


Principal of Fund $5,327.86


Receipts


Interest on Arlington 5c Savings Bank


107.08


$5,434.94


Payments


Paid Town for Disbursement


107.08


$5,327.86


Investments


Arlington 5c Savings Bank, Book 9373


$5,327.86


WILLIAM C. ADAMS ERNEST W. DAVIS HAROLD M. ESTABROOK Trustees, ex-officio


CHARLES A. HARDY, Treasurer CLARENCE NEEDHAM, Accountant


245


TRUST AND INVESTMENT FUNDS


JULIA FILLEBROWN FUND 1941


Principal of Fund


$100.00


Receipts


Interest on Arlington 5c Savings Bank


2.01


$102.01


Payments


Paid Town for Disbursement 2.01


$100.00


Investments


Arlington 5c Savings Bank, Book 15841


$100.00


WILLIAM C. ADAMS ERNEST W. DAVIS HAROLD M. ESTABROOK Trustees, ex-officio


CHARLES A. HARDY, Treasurer


CLARENCE NEEDHAM, Accountant


246


ARLINGTON TOWN REPORT


PERPETUAL CARE FUND


1941


Fund, January 1, 1941


$158,397.00


Received for Perpetual Care of Lots 8,433.00


$166,830.00


Income Account


Balance of Income, January 1, 1941


$14,665.82


Interest on :


West End Ry. Bonds $250.00


U. S. Treasury 27/8% Bonds 143.75


U. S. Treasury 31/4% Bonds ....


162.50


U. S. Treasury 21/2% Bonds, 56/58


17.10


U. S. Treasury 21/2% Bonds, 52/54 57.07


First National Bank Stock


200.00


Arlington 5c Savings Bank


1,937.71


National Shawmut Bank Stock 200.00


Menotomy Trust Co. Sav. Dept. ..


754.17


Provident Inst. for Savings


48.78


Boston 5c Savings Bank 92.40


Pacific Gas & Electric Bonds


150.00


$18,679.30


$185,509.30


Payments


Paid Town for Disbursement $3,746.00


Premium on purchase of Pacific Gas


& Electric Bonds 87.50


Accrued interest on same 50.00


247


TRUST AND INVESTMENT FUNDS


Int. on loan, U. S. Treasury 21/2%


Bonds 4.67


Rent of Safe Deposit Box


7.50


$3,895.67


Fund and Accumulated Income, Dec. 31, 1941 $181,613.63


248


ARLINGTON TOWN REPORT


SAMUEL C. BUCKNAM FUND 1941


Permanent Fund $2,000.00


Income Account


Balance January 1, 1941


$28.07


Interest on Arlington 5c Savings


Bank


40.76


68.83


$2,068.83


Payments


Paid Town for Disbursement


$40.76


$2,028.07


Investments


Arlington 5c Savings Bank, Book 12248 $2,028.07


J. EDWIN KIMBALL M. ERNEST MOORE FREDERICK W. HILL Cemetery Commissioners


CHARLES A. HARDY, Treasurer CLARENCE NEEDHAM, Accountant


249


TRUST AND INVESTMENT FUNDS


SOLDIERS' MONUMENT FUND 1941


Permanent Fund $2,000.00


Income Account


Balance, January 1, 1941 $1,151.94


Interest on Arlington 5c Savings Bank 63.34


1,215.28


$3,215.28


Payments


Paid Town for Disbursement


$40.00


$3,175.28


Investments


Arlington 5c Savings Bank Book 6977


$3,175.28


J. EDWIN KIMBALL M. ERNEST MOORE FREDERICK W. HILL Cemetery Commissioners


CHARLES A. HARDY, Treasurer CLARENCE NEEDHAM, Accountant


250


ARLINGTON TOWN REPORT


ROBBINS CEMETERY FUND 1941


Fund, January 1, 1941


$5,000.00


Accumulated Income 425.14


$5,425.14


Receipts


Interest on Arlington 5c Savings Bank 109.04


$5,534.18


Payments


Paid Town for Disbursement $109.04


$5,425.14


Investments


Arlington 5c Savings Bank, Book 6758


$5,425.14


J. EDWIN KIMBALL M. ERNEST MOORE FREDERICK W. HILL Cemetery Commissioners


CHARLES A. HARDY, Treasurer CLARENCE NEEDHAM, Accountant


Arlington, January 14, 1942


TRUST AND INVESTMENT FUNDS


251


REPORT OF THE TRUSTEES OF THE ELBRIDGE FARMER FUND


For the Year Ending December 31, 1941


Receipts


Interest


Arlington Five Cents Savings Bank


$200.00


Boston Five Cents Savings Bank


60.00


Cambridge Savings Bank


136.70


Franklin Savings Bank


55.64


Menotomy Trust Co. Savings Department


255.42


Menotomy Trust Co. Income Account


10.60


Provident Inst. for Savings


60.00


Suffolk Savings Bank


45.00


3M Illinois Central R. R. Co. 43/4% 1966


142.50


10M U. S. Treasury 3% 1955


300.00


$1,265.86


Disbursements


Menotomy Trust Co. Safe Deposit Box 1940-41


$11.55


Treasurer, Town of Arlington 1,254.31


$1,265.86


252


ARLINGTON TOWN REPORT


Investments


3M Illinois Central R. R. Co. 43/4% 1966 $3,000.00


10M U. S. Treasury 3% 1955 10,000.00


Arlington Five Cents Savings Bank 10,000.00


Boston Five Cents Savings Bank


3,000.00


Cambridge Savings Bank 5,468.75


Franklin Savings Bank 2,782.77


Menotomy Trust Co. Savings Department


12,771.00


Provident Institution for Savings 3,000.00


Suffolk Savings Bank 3,000.00


$53,022.52


+ ***


JAMES A. BAILEY JOHN A. BISHOP JOHN G. BRACKETT WILLIAM D. ELWELL FREDERICK W. HILL Trustees.


253


TOWN TREASURER'S REPORT


REPORT OF THE TOWN TREASURER


1941


Balance, January 1, 1941


$ 189,790.88


Receipts, 1941


3,908,392.98


$4,098,183.86


Expenditures, 1941


3,852,752.43


Balance, December 31, 1941


$ 245,431.43 ,


Contingent Funds


172.00


$ 245,603.43


Lots and Graves Fund


$ 54,517.50


Special Funds


2,153.74


Available Cash


188,760.19


$245,431.43


Contingent Funds


172.00


$


245,603.43


CHARLES A. HARDY, Town Treasurer.


254


ARLINGTON TOWN REPORT


REPORT OF THE FINANCE COMMITTEE


The Finance Committee of 1940-41 held ten meetings from January 10, 1941 to February 28, 1941, and reported to the Annual and Special Town Meetings March 12, 1941.


The Finance Committee for 1941-1942 was organized April 8, 1941 as follows :


Precinct :


1. Edwin A. Barnard


2. Richard Donovan


3. James H. Young, Secretary


4. John B. Davidson, Vice Chairman (Resigned May 23, 1941) Edward D. Buckley (Resigned December


3, 1941)


A. Warren Rutherford (Appointed January 14, 1942)


5. Francis M. Hines


6. Robert L. Moore


7. Michael A. Broderick


8. Marcus L. Sorenson, Vice Chairman


9. Alonzo B. Reed


10. Thurston C. Trueworthy (Resigned Decem- ber 5, 1941) Francis H. Tufts (Appointed January 14, 1942)


11. James F. Younie


12. Ernest R. Moore


13. Arthur D. O'Leary


14. Hallam T. Ring, Chairman


Member-at-large, J. Howard Hayes (Pre- cinct 12) Executive Secretary, T. Gordon Smith


255


FINANCE COMMITTEE


SUB-COMMITTEES


Selectmen, Police, Fire Departments, etc.


James F. Younie, Chairman Ernest R. Moore A. Warren Rutherford (Appointed January 16, 1942)


Public Works Department, New Streets


Marcus L. Sorenson, Chairman Alonzo B. Reed J. Howard Hayes


Public Welfare


Richard Donovan, Chairman J. Howard Hayes Edward D. Buckley (Resigned December 3, 1941)


Francis H. Tufts (Appointed January 16, 1942)


School Department


Arthur D. O'Leary, Chairman Edwin A. Barnard Robert L. Moore


Assessors, Collector, Treasurer, Health, Cemeteries, Library, Park, Incidentals


James H. Young, Chairman Michael A. Broderick Francis M. Hines


Twelve Meetings (April 8, 1941 to December 30, 1941) were held and report was made to Special Town Meeting, December 15, 1941.


The following transfers were granted from the Re- serve Fund : Appropriation $10,000.00


256


ARLINGTON TOWN REPORT


Selectmen


Defense Committee $ 300.00


Personal Services 5.51


Moth Department 1


Auto Maintenance


200.00


Personal Services


175.00


Town Accountant


Capital Outlay (Calculator) 150.00


Fire Department


Expenses (Lighting)


79.43


Auto Maintenance


150.00


Personal Services


3.50


Police Department


Personal Services (Dog Officer) 232.00


Capital Outlay (New Autos-in an- ticipation of 1942 needs) 1,100.00


Personal Services 10.00


Maintenance Traffic Controls 54.00


Expenses (Lighting)


100.00


Town Hall


Expenses (Water Connections) .. . .


254.37


School Department


Personal Services (Janitor's over- time)


200.00


Maintenance of Plant (Boiler Re- pairs) 600.00


Tree Warden


Auto Maintenance 130.00


257


FINANCE COMMITTEE


Capital Outlay (New Truck in an- ticipation of 1942 needs) 1,000.00


Cemeteries


Expense (Building Repairs) 325.00


Water Department


Extension of Services


2,000.00


Personal Services 8.50


Public Works


Sanitary Division


1,200.00


Board of Appeal-Personal Services .. 150.00


Board of Survey-Personal Services .. 2.00


Board of Assessors-Personal Services 10.85


Engineering Department - Personal Services 43.99


Building Department - Personal Ser-


vices


4.66


$8,488.81


Balance returned to treasury


$1,511.19


Respectfully submitted,


HALLAM T. RING, Chairman JAMES H. YOUNG, Secretary


258


ARLINGTON TOWN REPORT


REPORT OF THE BOARD OF SELECTMEN


Harold M. Estabrook was re-elected a member of the Board of Selectmen at the Annual Town Election held March 3, 1941. The Board organized at the meeting of March 10, 1941, with William C. Adams as Chairman and James J. Golden, Jr., as Secretary.


Fifty-two (52) regular meetings and nine (9) special meetings of the Board were held during the year 1941 for the disposition of the routine business and special matters brought to the attention of the Board.


With the aim of preparing the civilian population to care for and defend itself against aggressive action on the part of potential enemies, the Arlington Civilian Defense Committee was organized in June 1940, by request of the federal government, through the Governor. Under the able direction of Walter T. Chamberlain, whom the Board of Selectmen appointed as Chairman, the Committee, now known as the Arlington Committee on Public Safety, has devoted much time and a great deal of effort to accom- plish this aim. The dastardly attack launched by Japan upon our forces at Pearl Harbor on December 7, 1941, cata- pulted the United States of America into the conflict in which most of the world is involved and emphasized the need for preparedness. Due to the foresightedness and un- tiring efforts of the Arlington Committee on Public Safety, there are more than one thousand of our citizens trained or in training as air raid wardens, auxiliary police, auxili- ary firemen, first aid workers, etc. The Committee merits much commendation for the tremendous amount of time and strength it has conscientiously devoted to the develop- ment of this important unit of civilian defense which has been shown by experience in England to assume an im- portant role in the type of warfare chosen by modern belligerents to be most effective. We are pleased to report that Arlington has developed this training to the point


259


REPORT OF SELECTMEN


where it may be considered to be in the forefront in a com- parison of cities and towns in this Commonwealth.


It is gratifying to report that there has been a marked reduction in the expenditures for public welfare during the past year, due in great measure to the increased employ- ment resultant from the industrial activity caused by federal expenditures in connection with the war efforts. Thus, it was possible to close the year 1941 with an unex- pended balance of approximately forty thousand (40,000) dollars in the Public Welfare Department and a further re- duction is anticipated for the coming year. Other forms of welfare aid, such as Old Age Assistance, have shown and will continue to show a progressive increase for the near future, due to the nature of the assistance provided.




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