Town of Arlington annual report 1945, Part 13

Author: Arlington (Mass.)
Publication date: 1945
Publisher:
Number of Pages: 508


USA > Massachusetts > Middlesex County > Arlington > Town of Arlington annual report 1945 > Part 13


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226


ARLINGTON TOWN REPORT


MUNICIPAL BUILDINGS INSURANCE FUND 1945


Fund and Accumulated Income, January 1,


1945 $100,666.35


Receipts


Interest on:


U. S. Treasury 21/4% Bonds 56/59 $336.28


U. S. Treasury 2% Bonds 50/52


400.00


U. S. Treasury 2% Bonds 52/54 519.13


U. S. Treasury 13/4% Bonds 1948


87.02


U. S. Treasury 21/4% Bonds 59/62


302.88


Arlington 5c Savings Bank


18.18


$1,663.49


Premium on sale of bonds


781.26


U. S. Savings Bonds increased


450.00


2,894.75


$103,561.10


Payments


Box rent


$10.00


Interest paid at purchase of bonds .... 25.93


35.93


Fund, December 31, 1945


$103,525.17


INVESTMENT TRANSACTIONS IN 1945


Investments, January 1, 1945 $100,666.35 Purchased 25M U. S. Treasury 21/4% Bonds 59/62 25,000.00


U. S. Savings Bonds Series D 1939 increased 200.00


227


TRUST AND INVESTMENT FUNDS


U. S. Savings Bonds Series D 1940 increased 200.00 U. S. Savings Bonds Series F 1944 increased 50.00


Deposited in Arlington 5c Savings Bank 7,408.82


$133,525.17


Sold 20M U. S. Treasury 21/4% Bonds 56/59 $20,000.00


Sold 10M U. S. Treasury 13/4% Bonds 1948 10,000.00


30,000.00


$103,525.17


Investments


U. S. Treasury 2% Bonds 52/50 .... $20,000.00


U. S. Treasury 2% Bonds 54/52 .... 25,000.00 U. S. Treasury 21/4% Bonds 62/59 .... 25,000.00 U. S. Savings Bonds maturing 1949 .... 8,700.00


U. S. Savings Bonds maturing 1950 .... 8,500.00


U. S. Savings Bonds maturing 1956 .... 7,450.00


Arlington 5c Savings Bank, Book 40412 8,875.17


$103,525.17


HARRIE H. DADMUN, ROY B. CROSBY, HAROLD A. YEAMES, Commissioners.


J. WILBERT ANDERSON, Treasurer. CLARENCE NEEDHAM, Accountant.


228


ARLINGTON TOWN REPORT


WORKMEN'S COMPENSATION FUND 1945


Principal of Fund and Accumulated Income, January 1, 1945 $6,511.52


Receipts


Appropriation at Annual Town Meeting $7,000.00


Interest on :


Menotomy Trust Co., Savings De-


partment


23.74


Arlington 5c Savings Bank


113.57


7,137.31


$13,648.83


Payments


Paid Town for disbursement


7,143.30


$6,505.53


Investment Transactions in 1945 Transferred funds from Menotomy Trust Com- pany, Savings Department to Arlington 5c Savings Bank


Investment


Arlington 5c Savings Bank, Book 65361 $6,505.53


HARRIE H. DADMUN, ROY B. CROSBY, HAROLD A. YEAMES,


Commissioners.


J. WILBERT ANDERSON, Treasurer. CLARENCE NEEDHAM, Accountant.


229


TRUST AND INVESTMENT FUNDS


CONTRIBUTORY RETIREMENT SYSTEM


1945


Balance January 1, 1945


$220,229.99


Contributions


16,107.21


Interest on bank deposits


559.05


Interest on investments


4,919.00


Profit on sale and purchase of investments


1,400.93


Appropriation


34,749.99


$ 277,966.17


Expenditures


Pensions


$ 19,443.00


Refunds


3,187.64


Expenses


837.17


Accured Interest on Investments


22.24


23,490.05


Balance December 31, 1945


$ 254,476.12


Investments


Chelsea Savings Bank


$ 4,579.99


Danvers Savings Bank


1,220.60


Malden Savings Bank


3,153.29


Watertown Savings Bank


3,519.53


Whitman Savings Bank


4,429.11


$ 16,902.52


Menotomy Trust Co. Checking Account. ..... 2,573.60


19,476.12


Securities :


Paid up Certificate Pittsfield Coop. Bank $ 2,000.00


U. S. Treas. 21/2% registered bonds 67/72 5,000.00


U. S. Treas. 21/2% registered bonds Series G


10,000.00


U. S. Treas. 21/2% registered bonds


10,000.00


U. S. Treas. 21/2% registered bonds 62/67


25,000.00


U. S. Treas. 21/2% coupon bonds 70/65 .... U. S. Treas. 21/2% registered bonds Series G


50,000.00


U. S. Treas. 21/2% coupon bonds 71/66 76,000.00 U. S. Treas. 21/2% coupon bonds 72/67


55,000.00


Series G


2,000.00


235,000.00


$254,476.12


230


- ARLINGTON TOWN REPORT


INVESTMENT TRANSACTIONS


Purchases


February 2, 1945


Subscribed for U. S. Treas. 21/2% coupon bonds 71/66 $ 76,000.00 April 3, 1945


Subscribed for U. S. Treas. 7/8% C. I. coupon bonds 9/1/1945 33,000.00


June 19, 1945


Subscribed for U. S. Treas. 21/2% coupon bonds 72/67


49,000.00


August 31, 1945 Subscribed for U. S. Treas. 21/2% coupon bonds 72/67 55,000.00


$ 213,000.00


INVESTMENT TRANSACTIONS


Sales


February 2, 1945


Sold U. S. Treas. 21/2% coupon bonds 70/65 $ 30,000.00


Sold U. S. Treas. 21/2% coupon bonds 63/68.


16,000.00


Sold U. S. Treas. 21/2% coupon bonds 69/64. 30,000.00


June 19, 1945


Sold U. S. Treas. 7/8% C. I. coupon bonds 9/1/1945


33,000.00


August 31, 1945


Sold U. S. Treas. 21/2% coupon bonds 72/67 ... 49,000,00


$ 158,000.00


SUMMARY OF MEMBERSHIP ACTIVITY


1937 to 1941


1945


Total


Entrants


314


16


330


Deaths


13


1


14


Withdrawals


65


8


73


Retirements


38


7


45


Active Members as of


December 31


Male


143


141


141


Female


60


62


62


Members on Retirement December 31


25


31


31


Amount of Retirement Allowances paid


$ 84,152.27


$ 19,443.00 $ 103,595.27


Allowances in Effect as of


December 31, 1945


$ 21,521.40


CLARENCE NEEDHAM HAROLD A. CAHALIN


ARTHUR F. WELLS Contributory Retirement Board


J. WILBERT ANDERSON, Treasurer-Collector CLARENCE NEEDHAM, Accountant


231


TRUST AND INVESTMENT FUNDS


PERPETUAL CARE FUND 1945


Fund, January 1, 1945


$200,624.00


Received for Perpetual Care of Lots 12,796.00


$213,419.00


Income Account


Balance of Income, January 1, 1945


14,748.76


$228,167.76


Receipts


Interest on:


U. S. Treasury Series G Bonds 21/2%


$625.00


U. S. Treasury 21/2% Bonds, 52/54 125.00


U. S. Treasury 21/2% Bonds, 66/71


492.05


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


60.00


U. S. Treasury 21/2% Bonds, 67/72


157.50


U. S. Treasury 21/2% Bonds, 55/60


143.75


U. S. Treasury 21/2% Bonds, 65/70


1,875.00


U. S. Treasury 21/2% Bonds, 64/69


125.00


U. S. Treasury 21/2% Bonds, 63/68


750.00


Pacific Gas & Electric Bonds 51/2%


150.00


First National Bank Stock


200.00


National Shawmut Bank Stock


200.00


Boston 5c Savings Bank


100.06


Provident Institution for Savings .. 52.82


Menotomy Trust Co., Savings Dept. 62.23


Arlington 5c Savings Bank


332.29


5,450.70


$233,618.46


232


ARLINGTON TOWN REPORT


Payments


Box rent


$7.50


Interest paid at purchase of bonds ... 56.93


Paid Town for disbursement


5,300.00


5,364.43


Fund and Accumulated Income, December 31, 1945


$228,254.03'


Investments, January 1, 1945


$215,372.76


Purchased 75M U. S. Treasury 21/2% 66/71 $25,000.00


Purchased 21M U. S. Treasury 21/2% Series G


21,000.00


Deposited in Boston 5c Savings Bank 100.06


Deposited in Provident Institution for Savings 52.82


Deposited in Menotomy Trust, Sav- ings Dept. 62.23


Deposited in Arlington 5c Savings Bank 18,030.59


64,245.70


$279,618.46


Withdrew from Menotomy Trust Co. $6,007.50 Withdrew from Arlington 5c Savings Bank 45,356.93


51,364.43


$228,254.03


233


TRUST AND INVESTMENT FUNDS


Investments


U. S. Treasury 21/2% Bonds, 64/69 .... $5,000.00


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


2,400.00


U. S. Treasury 21/2% Bonds, 67/72 .... 6,300.00


U. S. Treasury 21/2% Bonds, 63/68 ....


30,000.00


U. S. Treasury 21/2% Bonds, 65/70 ....


75,000.00


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


5,000.00


U. S. Treasury 21/2% Bonds, 66/71 ....


25,000.00


U. S. Treasury 27/8% Bonds, 55/60 .... 5,000.00


U. S. Treasury Series G Bonds 21/2% 25,000.00 U. S. Treasury Series G Bonds 21/2% 21,000.00


Pacific Gas and Electric Light Bonds 3% 1970


5,000.00


100 shares First National Bank stock


4,175.00


200 shares National Shawmut Bank stock


5,000.00


Arlington 5c Savings Bank Book 8982 Menotomy Trust Company, Savings Dept., Book 1681 262.28


6,357.14


Provident Institution for Savings, Book 603799


2,681.20


Boston 5c Savings Bank, Book


1039471


5,078.41


$228,254.03


RALPH S. STEVENS, SYLVESTER A. KEANEY, J. EDWIN KIMBALL, Cemetery Commissioners.


J. WILBERT ANDERSON, Treasurer. CLARENCE NEEDHAM, Accountant.


234


ARLINGTON TOWN REPORT


SAMUEL C. BUCKNAM CEMETERY FUND 1945


Principal of Fund $2,000.00 ....


Income Account


Balance, January 1, 1945


$28.07


Interest on :


Series G Bonds


25.00


Arlington 5c Savings Bank


15.64


68.71


$2,068.71


Payments


Paid Town for disbursement


40.64


Fund and Accumulated Income $2,028.07 Investment Transaction in 1945


Withdrew $2,000 from Arlington 5c Savings Bank to purchase Series G Bonds


Investments


Series G Bonds 21/2%


$2,000.00


Arlington 5c Savings Bank, Book 12248 28.07


$2,028.07


RALPH S. STEVENS, SYLVESTER A. KEANEY, J. EDWIN KIMBALL, Cemetery Commissioners.


J. WILBERT ANDERSON, Treasurer. CLARENCE NEEDHAM, Accountant.


235


TRUST AND INVESTMENT FUNDS


ROBBINS CEMETERY FUND


1945


Fund, January 1, 1945


$5,000.00


Accumulated Income


425.14


$5,425.14


Receipts


Interest on:


Series G Bonds


$62.50


Arlington 5c Savings Bank


44.49


106.99


$5,532.13


Payments


Paid Town for disbursement


106.99


Fund and accumulated income $ 5,425.14


Investment Transaction in 1945


Withdrew $5,000.00 from Arlington 5c


Savings Bank to purchase Series G Bonds


Investments


Series G Bonds 21/2%


$5,000.00


Arlington 5c Savings Bank, Book


6758


425.14


$5,425.14


RALPH S. STEVENS, SYLVESTER A. KEANEY, J. EDWIN KIMBALL, Cemetery Commissioners.


J. WILBERT ANDERSON, Treasurer. CLARENCE NEEDHAM, Accountant.


236


ARLINGTON TOWN REPORT


SOLDIERS' MONUMENT FUND 1945


Permanent Fund


$2,000.00


Income Account


Balance, January 1, 1945


$299.57


Interest on:


Series G Bonds


25.00


Arlington 5c Savings Bank


26.77


351.34


$2,351.34


Payments


Paid Town for disbursement


....... 40.00


. . .


...


$2,311.34 Investment Transaction in 1945


Withdrew $2,000.00 from Arlington 5c


Savings Bank to purchase Series G Bonds


Investments


Series G Bonds 21/2%


$2,000.00


Arlington 5c Savings Bank, Book


6977 311.34


$2,311.34


RALPH S. STEVENS. SYLVESTER A. KEANEY, J. EDWIN KIMBALL, Cemetery Commissioners.


J. WILBERT ANDERSON, Treasurer. CLARENCE NEEDHAM, Accountant.


237


TRUST AND INVESTMENT FUNDS


ROBBINS LIBRARY ART FUND


1945


Fund, December 31, 1944 $25,000.00


Accumulated income $18,251.04


Receipts


Interest on:


U. S. Treasury 23/4% Bonds, 56/59 $412.50


U. S. Treasury Series G Bonds


375.00


First National Bank stock 400.00


Arlington 5c Savings Bank 51.98


1,239.48


$19,490.52


Payments


Box rent


$10.00


Salary of Curator


1,000.00


Expenses


115.89


1,125.89


Net Accumulated Income, December 31, 1945 18,364.63 Fund and Accumulated Income, Dec. 31, 1945 $43,364.63


238


ARLINGTON TOWN REPORT


Investments


U. S. Treasury 23/4% Bonds, 56/59 .... $15,000.00 U. S. Treasury Series G Bonds 21/2% 15,000.00 200 shares First National Bank stock 9,560.00 Menotomy Trust Co., Checking Ac- count 108.05


Arlington 5c Savings Bank, Book 20095 3,696.58 -


$43,364.63


WILSON D. CLARK, Jr., M. HELEN TEELE, FRANCIS KEEFE, SARAH R. VAUGHN,


EDMUND L. FROST, WARREN A. SEAVEY,


Trustees.


J. WILBERT ANDERSON, Treasurer. CLARENCE NEEDHAM, Accountant.


239


TRUST AND INVESTMENT FUNDS


HENRY MOTT LIBRARY FUND


1945


Principal of Fund $5,200.00 ...


Receipts


Interest on:


Jersey Central Power & Light


Bonds


$175.00


Arlington 5c Savings Bank


4.44


179.44


$5,379.44


Payments


Paid Town for disbursement


179.44


$5,200.00


Investments


Five Jersey Central Power & Light Bonds 31/2%, 1965 $5,000.00


Arlington 5c Savings Bank, Book


15101 200.00


$5,200.00


WILSON D. CLARK, Jr., M. HELEN TEELE, FRANCIS KEEFE, SARAH R. VAUGHN,


EDMUND L. FROST, WARREN A. SEAVEY,


Trustees.


J. WILBERT ANDERSON, Treasurer. CLARENCE NEEDHAM, Accountant.


240


ARLINGTON TOWN REPORT


TIMOTHY WELLINGTON LIBRARY FUND


1945


Principal of Fund


$100.00


Receipts


Interest on Arlington 5c Savings Bank 1.50


$101.50


Payments


Paid Town for disbursement


1.50


$100.00


Investments


Arlington 5c Savings Bank, Book 15103 100.00


WILSON D. CLARK, Jr., MARY HELEN TEELE, FRANCIS KEEFE, SARAH R. VAUGHN,


EDMUND L. FROST, WARREN A. SEAVEY,


Trustees.


J. WILBERT ANDERSON, Treasurer.


CLARENCE NEEDHAM, Accountant.


241


TRUST AND INVESTMENT FUNDS


DEXTER RAWSON FAY LIBRARY FUND


1945


Principal of Fund $1,741.60


Receipts


Interest on:


Arlington Co-operative Bank shares $48.00


Arlington 5c Savings Bank 2.46


50.46


$1,792.06


Payments


Paid Town for disbursement 50.46


$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


WILSON D. CLARK, Jr., MARY HELEN TEELE, FRANCIS KEEFE, SARAH R. VAUGHN, EDMUND L. FROST, WARREN A. SEAVEY,


Trustees.


J. WILBERT ANDERSON, Treasurer. CLARENCE NEEDHAM, Accountant.


242


ARLINGTON TOWN REPORT


E. NELSON BLAKE LIBRARY FUND


1945


Principal of Fund $4,000.00


Gain of Capital Assets . 696.57


$4,696.57


Receipts


Interest on Series G Bonds


$100.00


Interest on Arlington 5c Savings Bank 11.06


111.06


$4,807.63


Payments


Paid Town for disbursements


111.06


$4,696.57


Investments


Series G Bonds 21/2%


$4,000.00


Arlington 5c Savings Bank, Book


52201 696.57


$4,696.57


WILSON D. CLARK, Jr., MARY HELEN TEELE, FRANCIS KEEFE, SARAH R. VAUGHN,


EDMUND L. FROST, WARREN A. SEAVEY, Trustees.


J. WILBERT ANDERSON, Treasurer. CLARENCE NEEDHAM, Accountant.


243


TRUST AND INVESTMENT FUNDS


ELLEN W. HODGDON LIBRARY FUND 1945


Principal of Fund $1,000.00


Receipts


Interest on:


Series G Bonds 21/2%


$25.00


Arlington 5c Savings Bank .13


25.13


$1,025.13


Payments


Paid Town for disbursement 25.13


$1,000.00


Investments


Series G Bonds 21/2% $1,000.00


WILSON D. CLARK, Jr., MARY HELEN TEELE, FRANCIS KEEFE, SARAH R. VAUGHN,


EDMUND L. FROST, WARREN A. SEAVEY,


Trustees.


J. WILBERT ANDERSON, Treasurer. CLARENCE NEEDHAM, Accountant. 1


244


ARLINGTON TOWN REPORT


CHILDREN'S BOOK FUND


1945


Principal of Fund


$5,000.00


Gain of Capital Assets


400.00


$5,400.00


Receipts


Interest on:


First National Bank stock


$250.00


Arlington 5c Savings Bank 9.31


259.31


$5,659.31


Payments


Paid Town for disbursement 259.31


$5,400.00


Investments


125 shares First National Bank stock $4,950.00 Arlington 5c Savings Bank, Book 57012 450.00


$5,400.00


WILSON D. CLARK, Jr., MARY HELEN TEELE, FRANCIS KEEFE, SARAH R. VAUGHN,


EDMUND L. FROST, WARREN A. SEAVEY, Trustees.


J. WILBERT ANDERSON, Treasurer. CLARENCE NEEDHAM, Accountant.


245


TRUST AND INVESTMENT FUNDS


FRANCIS E. THOMPSON LIBRARY FUND


1945


Principal of Fund


$8,181.54


Receipts


Interest on:


Series G Bonds 21/2%


$150.00 ...


Arlington 5c Savings Bank


24.03


174.03


$8,355.57


Payment


Paid Town for disbursement 174.03


$8,181.54


Investments


Series G Bonds 21/2%


$6,000.00


Arlington 5c Savings Bank, Book


64753 2,181.54


$8,181.54 WILSON D. CLARK, Jr., MARY HELEN TEELE, FRANCIS KEEFE, SARAH R. VAUGHN,


EDMUND L. FROST, WARREN A. SEAVEY,


Trustees.


J. WILBERT ANDERSON, Treasurer. CLARENCE NEEDHAM, Accountant.


246


ARLINGTON TOWN REPORT


NATHAN PRATT HIGH SCHOOL FUND


1945


Principal of Fund $25,000.00


Receipts


Interest on:


Series G Bonds


$400.00


N.Y., N.H. & H.R.R. Bonds


520.00


Arlington 5c Savings Bank 44.75


964.75


$25,964.75


Investment Transactions in 1945


Investments, January 1, 1945


$25,000.00


Sold N.Y., N.H. & H.R.R.


Bonds


$8,886.47


Withdrew from Arlington


5c Savings Bank 2,628.78


11,515.25


$13,484.75


Purchased Series G Bonds $11,000.00


Purchased Series F Bonds 1,480.00


· 12,480.00


$25,964.75


Unexpended balance to restore prin-


cipal


964.75


$25,000.00


247


TRUST AND INVESTMENT FUNDS


Investments


Series G Bonds


$23,000.00


Series F Bonds


1,480.00


Arlington 5c Savings Bank, Book 40413 107.24


Principal deficit to be made up from


future income 412.76


$25,000.00


HARRIE H. DADMUN,


HAROLD A. YEAMES,


SHERMAN H. PEPPARD,


ERNEST H. FREEMAN,


EDWARD P. CLARK,


Trustees.


J. WILBERT ANDERSON, Treasurer.


CLARENCE NEEDHAM, Accountant.


248


ARLINGTON TOWN REPORT


NATHAN PRATT POOR WIDOWS' FUND 1945


Principal of Fund $5,000.00


Receipts


Interest on:


Series G Bonds


$100.00


Arlington 5c Savings Bank


15.88


115.88


$5,115.88


Payments


Paid Town for disbursement 115.88


$5,000.00


Investment Transactions in 1945


Investments, January 1, 1945


$5,000.00


Withdrew from Arlington 5c Sav- ings Bank 1,000.00


$4,000.00


Purchased Series G Bond


1,000.00


$5,000.00


Investments


Series G Bonds 21/2%


$2,000.00


Series G Bonds 21/2%


2,000.00


Series G Bond 21/2%


1,000.00


$5,000.00


HARRIE H. DADMUN,


HAROLD A. YEAMES,


SHERMAN H. PEPPARD,


ERNEST H. FREEMAN, EDWARD P. CLARK,


Trustees.


J. WILBERT ANDERSON, Treasurer. CLARENCE NEEDHAM, Accountant.


249


TRUST AND INVESTMENT FUNDS


NATHAN PRATT LIBRARY FUND


1945


Principal of Fund


$10,000.00


Receipts


Interest on:


Series G Bonds


$175.00


Arlington 5c Savings Bank


46.80


221.80


$10,221.80


Payments


Paid for box rent


$10.00


Paid Town for disbursement


211.80


221.80


$10,000.00


Investment Transactions in 1945


Investments, January 1, 1945. $10,000.00


Withdrew from Arlington 5c Sav- ings Bank


3,000.00


$7,000.00


Purchased Series G Bonds 21/2% .. 3,000.00


$10,000.00


Investments


Series G Bonds 21/2% $10,000.00 HARRIE H. DADMUN, HAROLD A. YEAMES,


ERNEST H. FREEMAN,


SHERMAN H. PEPPARD, EDWARD P. CLARK,


Trustees.


J. WILBERT ANDERSON, Treasurer. CLARENCE NEEDHAM, Accountant.


250


ARLINGTON TOWN REPORT


E. S. FARMER POOR WIDOWS' FUND 1945


Principal of Fund $5,000.00


Receipts


Interest on:


Series G Bonds


$100.00


Arlington 5c Savings Bank


15.88


115.88


$5,115.88


Payments


Paid Town for disbursements


115.88


$5,000.00


Investment Transactions in 1945


Investments, January 1, 1945


$5,000.00


Withdrew from Arlington 5c Sav- ings Bank 1,000.00


$4,000.00


Purchased Series G Bond


1,000.00


$5,000.00


Investments


Series G Bonds 21/2%


$2,000.00


Series G Bond 21/2%


2,000.00


Series G Bond 21/2%


1,000.00


$5,000.00


HARRIE H. DADMUN, HAROLD A. YEAMES,


SHERMAN H. PEPPARD,


ERNEST H. FREEMAN, EDWARD P. CLARK,


Trustees.


J. WILBERT ANDERSON, Treasurer. CLARENCE NEEDHAM, Accountant.


251


TRUST AND INVESTMENT FUNDS


E. S. FARMER RELIEF FUND


1945


Principal of Fund


$5,000.00


Gain of Capital Assets.


145.00


$5,145.00


Receipts


Interest on:


Series G Bonds


$125.00


Arlington 5c Savings Bank


3.16


128.16


$5,273.16


Payments


Paid Town for disbursements


128.16


$5,145.00


Investments


Series G Bonds 21/2%


$5,000.00


Arlington 5c Savings Bank, Book 20873 145.00


$5,145.00


HARRIE H. DADMUN, HAROLD A. YEAMES,


SHERMAN H. PEPPARD,


ERNEST H. FREEMAN, EDWARD P.' CLARK,


Trustees.


J. WILBERT ANDERSON, Treasurer. CLARENCE NEEDHAM, Accountant.


252


ARLINGTON TOWN REPORT


E. NELSON BLAKE, JR., MEMORIAL FUND


1945


Principal of Fund $3,000.00


Receipts


Interest on:


Series G Bonds


$50.00


Arlington 5c Savings Bank


15.49


65.49


$3,065.49


Payments


Paid Town for disbursements 65.49


$3,000.00


Investment Transactions in 1945


Investments, January 1, 1945


$3,000.00


Withdrew from Arlington 5c Sav- ings Bank 1,000.00


$2,000.00


Purchased Series G Bonds


1,000.00


$3,000.00


Investments


Series G Bonds 21/2%


$3,000.00


HARRIE H. DADMUN,


HAROLD A. YEAMES,


ERNEST H. FREEMAN,


SHERMAN H. PEPPARD, EDWARD P. CLARK,


Trustees.


J. WILBERT ANDERSON, Treasurer.


CLARENCE NEEDHAM, Accountant.


253


TRUST AND INVESTMENT FUNDS


FRANCIS E. THOMPSON SCHOLARSHIP FUND 1945


Principal of Fund, January 1, 1945 .... $50,000.00


Received additional in 1945 359,362.56


Total Fund, December 31, 1945


$409,362.56


Income Account


Balance income, January 1, 1945


$275.14


Interest on:


U. S. Treasury 21/2% Bonds, 65/70 $1,250.00


U. S. Treasury 21/4%, 1962. 1,211.54


U. S. Treasury Series G Bonds 1,237.50


Arlington 5c Savings Bank


6.56


3,980.74


$413,343.30


Payments


Scholarships, as per vouchers .. ....... $900.00


Interest paid at purchase of Bonds .... 103.70


1,003.70


$412,339.60


Investment Transactions in 1945


Investments, January 1, 1945


$50,275.14


Deposited in Arlington 5c Savings Bank


163,064.46


Purchased 99M U. S. Treasury Bonds, Series G 99,000.00


Purchased 100M U. S. Treasury


214% Bonds, 1962 100,000.00


$412,339.60


254


ARLINGTON TOWN REPORT


Investments


U. S. Treasury 21/2% Bonds, 70/65 .... $50,000.00 U. S. Treasury 21/4% Bonds, 62/59 .... 100,000.00 U. S. Treasury Bonds, 21/2%, Series G 99,000.00 Arlington 5c Savings Bank, Book 66122 163,339.60


Total Fund and Accumulated Income, Decem- ber 31, 1945 $412,339.60


HARRIE H. DADMUN, HAROLD A. YEAMES, SHERMAN H. PEPPARD, ERNEST H. FREEMAN, EDWARD P. CLARK,


Trustees.


J. WILBERT ANDERSON, Treasurer.


CLARENCE NEEDHAM, Accountant.


.


255


TRUST AND INVESTMENT FUNDS


MARY CUTTER POOR WIDOWS' FUND


1945


Principal of Fund $613.11


Receipts


Interest on :


Series G. Bonds


$15.00


Arlington 5c Savings Bank


.27


15.27


$628.38


Payments


Paid Town for disbursement


15.27


$613.11


Investments


Series G Bonds 21/2%


$600.00


Arlington 5c Savings Bank, Book 15105 13.11


$613.11


ROSCOE O. ELLIOTT, JOSEPH PETERSON, WILLIAM C. ADAMS, Selectmen. Trustees, ex-officio.


J. WILBERT ANDERSON, Treasurer. CLARENCE NEEDHAM, Accountant.


256


ARLINGTON TOWN REPORT


WILLIAM CUTTER SCHOOL FUND


1945


Principal of Fund $5,354.00


Receipts


Interest on:


Series G Bonds


$132.50


Arlington 5c Savings Bank 1.53


134.03


$5,488.03


Payments


Paid Town for disbursement 134.03


$5,354.00


Investments


Series G Bonds 21/2%


$5,300.00


Arlington 5c Savings Bank, Book


15102 54.00


$5,354.00 ROSCOE O. ELLIOTT, JOSEPH PETERSON, WILLIAM C. ADAMS, Selectmen. Trustees, ex-officio.


J. WILBERT ANDERSON, Treasurer. . CLARENCE NEEDHAM, Accountant.


257


TRUST AND INVESTMENT FUNDS


MARTHA M. W. RUSSELL SCHOOL FUND


1945


Principal of Fund $5,327.86


Receipts


Interest on:


Series G Bonds


$132.50


Arlington 5c Savings Bank


1.12


133.62


$5,461.48


Payments


Paid Town for disbursement


133.62


$5,327.86


Investments


Series G Bonds 21/2%


$5,300.00


Arlington 5c Savings Bank, Book


9373 27.86


$5,327.86 ROSCOE O. ELLIOTT, JOSEPH PETERSON, WILLIAM C. ADAMS, Selectmen. . ex-officio.


J. WILBERT ANDERSON, Treasurer. CLARENCE NEEDHAM, Accountant.


258


ARLINGTON TOWN REPORT


MARTHA M. W. RUSSELL POOR WIDOWS' FUND


1945


Principal of Fund


$1,704.23


Receipts


Interest on:


Series G Bonds


$42.50


Arlington 5c Savings Bank


.29


42.79


$1,747.02


Payments


Paid Town for disbursement ..... 42.79


$1,704.23


Investments


Series G Bonds 21/2% $1,700.00


Arlington 5c Savings Bank, Book 439


4.23


.$1,704.23


ROSCOE O. ELLIOTT, JOSEPH PETERSON, WILLIAM C. ADAMS, Selectmen. ex-officio.


J. WILBERT ANDERSON, Treasurer. CLARENCE NEEDHAM, Accountant.


259


TRUST AND INVESTMENT FUNDS


JULIA FILLEBROWN FUND


1945


Principal of Fund


$100.00


Receipts


Interest on Arlington 5c Savings Bank 1.50


$101.50


Payments


Paid Town for disbursement 1.50


$100.00


Investments


Arlington 5c Savings Bank, Book 15841 $100.00 ROSCOE O. ELLIOTT, JOSEPH PETERSON, WILLIAM C. ADAMS,


Selectmen. Trustees, ex-officio.


J. WILBERT ANDERSON, Treasurer. CLARENCE NEEDHAM, Accountant.


260


ARLINGTON TOWN REPORT


ANNIE L. HILL POOR WIDOWS' FUND 1945


Principal of Fund $2,000.00


Receipts


Interest on:


Series G Bond


$50.00


Arlington 5c Savings Bank


.27


50.27


$2,050.27


Payments


Paid Town for disbursements


50.27


$2,000.00


Investments


Series G Bond, 21/2% $2,000.00


ROSCOE O. ELLIOTT, JOSEPH PETERSON, WILLIAM C. ADAMS, Selectmen. Trustees, ex-officio.


J. WILBERT ANDERSON, Treasurer. CLARENCE NEEDHAM, Accountant.


261


TRUST AND INVESTMENT FUNDS


MARIA L. HILL POOR WIDOWS' FUND


1945


Received under will of Maria L. Hill, June 20, 1945 $2,000.00


Accepted at Town Meeting, December 27, 1945


Deposited in Arlington 5c Savings Bank 2,000.00


Investments


Arlington 5c Savings Bank, Book 67336. 2,000.00


ROSCOE O. ELLIOTT, JOSEPH PETERSON, WILLIAM C. ADAMS,


Selectmen. Trustees, ex-officio.


J. WILBERT ANDERSON, Treasurer. CLARENCE NEEDHAM, Accountant.


262


ARLINGTON TOWN REPORT


POST WAR REHABILITATION FUND 1945


Appropriation, March, 1943 under Article 24. $150,000.00


Accumulated Income, December 31, 1945 1,928.59


$151,928.59


Receipts


Interest on:


U. S. Treasury C/I 7/8 % 1945. $656.25


U. S. Treasury C/I 7/8% 1946


656.25


Arlington 5c Savings Bank 29.01


1,341.51


Total Fund and Accumulated Income, December 31, 1945 $153,270.10


Investment Transactions in 1945


· Exchanged U. S. Treasury C/I 7/8 % 1945 for U. S. Treasury C/I 7/8 % 1946 .... $150,000.00


Investments


U. S. Treasury C/I 7/8% 1946. $150,000.00


Arlington 5c Savings Bank, Book 64470 3,270.10


$153,270.10


ROSCOE O. ELLIOTT, JOSEPH PETERSON, WILLIAM C. ADAMS, Selectmen. Trustees, ex-officio. 1


J. WILBERT ANDERSON, Treasurer. CLARENCE NEEDHAM, Accountant.


263


TRUST AND INVESTMENT FUNDS


REPORT OF THE TRUSTEES OF THE ELBRIDGE FARMER FUND


For the Year Ending December 31, 1945


Receipts


Undistributed Income Balance 12-31-44 $ 92.52


Arlington Five Cents Savings Bank Interest 150.00


Boston Five Cents Savings Bank Interest 60.00


Cambridge Savings Bank Interest 136.70


Franklin Savings Bank Interest 41.74


Menotomy Trust Co., Savings Department


7.72


Provident Institution for Savings, Boston, Int. 60.00


Suffolk Savings Bank Interest 45.00


3,000 Illinois Central R.R. Co. 434 % 1966 Int. 142.50


10,000 U. S. Treasury, 3% 1951-55 Interest.


300.00


12,000 U. S. Savings Bonds, Series G 21/2% 1956 Interest 150.00


Menotomy Trust Co., Savings Dept. No. 2992,


(Income Account Interest) 6.06


$1,192.24


Disbursements


Menotomy Trust Co., Safe Deposit Box Rent. ...


$ 6.00


Town of Arlington 1,152.24


$1,158.24


Balance, Undistributed Income 12-31-45 (Meno- tomy Trust, Savings Dept. No. 2992, Income Account) 34.00


$1,192.24


264


ARLINGTON TOWN REPORT


Investments


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 Dept.


771.00


Provident Institution for Savings, Boston


3,000.00


Suffolk Savings Bank


3,000.00


3,000 Illinois Central R.R. Co. 43/4 % 1966.


3,000.00


10,000 U. S. Treasury 3% 1951-55 10,000.00


12,000 U. S. Savings Bonds, Series G, 21/2% 1956


12,000.00


$53,022.52


JAMES A. BAILEY,


JOHN G. BRACKETT,


WILLIAM D. ELWELL,


GARDNER C. PORTER,


EDWARD P. CLARK,


FREDERICK W. HILL,


Trustees.


265


TOWN TREASURER'S REPORT


REPORT OF THE TOWN TREASURER


1945


Cash balance, January 1, 1945 $ 985,430.10


Receipts, 1945 3,110,483.26


Expended, 1945


$4,095,913.36 3,032,998.96


Cash balance, December 31, 1945 $1,062,914.40




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