USA > Massachusetts > Middlesex County > Arlington > Town of Arlington annual report 1954 > Part 24
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*Wilde, Ralph M. Sales Rep. 341 Gray Street
* Williams, Arthur W. Electrician 74 Rhinecliff Street
* Williams, Lloyd L.
Production Manager 43 Eliot Road
* Wills, William W. Manager 18 Peabody Road
* Wilson, John J. Manager 5 Brookdale Road
*Worth, Harold L. Buyer 6 Huntington Road
* Young, James Machinist 8 Marrigan Street
* Zarrella, Joseph S. Buyer 316 Park Avenue
*The star indicates persons whose names appear on Jury List and will continue for 1955, unless disqualified under the provisions of Chapter 234 of the General Laws.
307
TRUST AND INVESTMENT FUNDS
Report of the Trustees of The Elbridge Farmer Fund
1954
Income Account
Undistributed Income Balance-12/31/1953
$ 17.39
Adjustment of income account
for accrued interest on bonds sold in 1953 29.29
Arlington Five Cents Savings Bank
343.75
Boston Five Cents Savings Bank 86.25
267.41
Cambridgeport Savings Bank
312.50
Franklin Savings Bank
79.98
Harvard Trust Co .- Savings Book A2539
7.72
Harvard Trust Co .- Savings Book A2992
8.39
Provident Institution for Savings-Boston
108.75
Suffolk Savings Bank-Boston
86.25
U. S. Treasury Series G. Savings Bonds
due January 1, 1956
300.00
$1,647.68
Disbursements
Harvard Trust Co .- Safe Deposit Box Rent
$ 5.50
Town of Arlington, Elbridge Farmer Fund
for benefit of Robbins Library
1,610.00
$ 1,615.50
Balance-Undistributed Income-12/31/1954
Harvard Trust Co. Savings Department 2.89
Cambridge Savings Bank 29.29
$ 32.18
$ 1,647.68
Investment Account
Arlington Five Cents Savings Bank
$10,000.00
Boston Five Cents Savings Bank
3,000.00
Cambridge Savings Bank
8,528.68
Cambridgeport Savings Bank
10,000.00
Franklin Savings Bank
2,782.77
Harvard Trust Co .- Savings Department ....
771.00
Provident Institution for Savings-Boston
3,000.00
Suffolk Savings Bank
3,000.00
$12,000. U.S. Treasury Series G
Savings Bonds due January 1, 1956 ....
12,000.00
$53,082.45
Investment Account December 31, 1953 .... $53,111.74 Adjustment of Investment account for
$3000. Illinois Central Railroad 4 3/4 %
Bonds due 1966 sold in 1953 and accrued interest reported as proceeds of sale 29.29
Balance investment account-12/31/1954 $53,082.45
Cambridge Savings Bank
308
ARLINGTON TOWN REPORT
During the year 1954, due to the deaths of James A. Bailey and John G. Brackett and the resignation of Frederick W. Hill, the Elbridge Farmer Fund lost three of its six Trustees. All three had served over a long period of years, Mr. Bailey as Chairman, Mr. Brackett as Secretary and Mr. Hill as Treasurer. Recognition of their valuable service to the Town of Arlington has been entered in the records of the Fund.
At a meeting of the remaining Trustees held Novmber 22, 1954 Gardner C. Porter was elected Chairman of the Fund, Edward P. Clark, Treasurer and Arthur O. Yeames, Secretary. To fill the vacancies in the Board of Trustees the following were elected: Edmund L. Frost, Francis Keefe and Everett C. Bryant and their appointment has now been approved by the Middlesex Probate Court.
GARDNER C. PORTER FRANCIS KEEFE EDMUND L. FROST ARTHUR O. YEAMES EDWARD P. CLARK EVERETT C. BRYANT Trustees
309
TRUST AND INVESTMENT FUNDS
Library Funds ROBBINS LIBRARY ART FUND 1954
Principal of Fund
$25,000.00
Gain of Capital Assets
1,770.04
Accumulated Income
18,601.33
$45,371.37
Receipts
Interest on:
Series G Bonds
$ 312.50
First National Bank Stock
516.00
U.S. Treasury 2 3/4 % Bonds 75/80
440.00
Arlington 5¢ Savings Bank
102.54
North Avenue Savings Bank
67.71
1,438.75
$46,810.12
Payments
Box Rent
$ 5.00
As per vouchers on file
3,533.39
3,538.39
$43,271.73
Investment Transactions in 1954
5M Series G. Bonds 21/2 % matured 2/1/54 Proceeds deposited in North Avenue Savings Bank
Investments
16M U.S. Treasury 2 3/4 % Bonds 75/80 .... $16,000.00 10M U.S. Treasury Series G Bonds 2 12 % maturing 7/1/56 10,000.00
200 Shares First National Bank Stock. 9,560.00
15 Shares First First National Bank Stock acquired at par 750.00
Arlington 5¢ Savings Bank Book 20095 1,265.65 North Avenue Savings Bank Book 78755 5,000.00
Harvard Trust Co. Checking Account ...
696.08
$43,271.73
310
ARLINGTON TOWN REPORT
ROBBINS PRINT FUND
1954
Principal of Fund $30,000.00
Balance of Income, December 31, 1953 .... 2,545.98
$32,545.98
Receipts
Interest on:
Series G. Bonds $ 650.00
Arlington 5¢ Savings Bank
228.19
878.19
Fund and Accumulated Income, December 31, 1954
$33,424.17
Investments
26M U.S. Treasury Series G. Bonds 21/2 % maturing 10/1/62 $26,000.00 Arlington 5¢ Savings Bank, Book 200162 7,424.17
$33,424.17
HENRY MOTT LIBRARY FUND
1954
Principal of Fund $ 5,200.00
Gain of Capital Assets
225.00
Balance of Income, December 31, 1953
561.68
$ 5,986.68
Receipts
Interest on:
Series G Bonds $ 125.00
Arlington 5¢ Savings Bank 34.27
159.27
Fund and Accumulated Income, December 31, 1954
$ 6,145.95
Investments
5M U.S. Treasury Series G Bonds 2 1/2 % maturing 11/1/58 $ 5,000.00 Arlington 5¢ Savings Bank, Book 15101 1,145.95
$ 6,145.95
...
$ 5,425.00
311
TRUST AND INVESTMENT FUNDS
E. NELSON BLAKE LIBRARY FUND
1954
Principal of Fund
$ 4,000.00
Gain of Capital Assets
696.57
$ 4,696.57
Balance Income, December 31, 1953
488.08
$ 5,184.65
Receipts
Interest on:
Series G Bonds
$ 100.00
Arlington 5¢ Savings Bank 42,18
142,18
$ 5,326.83
Investments
4M U.S. Treasury Series G. Bonds 2 1/2 % maturing 7/1/56
$ 4,000.00
Arlington 5¢ Savings Bank Book 52201 1,326.83
$ 5,326.83
EMMA L. SPRAGUE LIBRARY FUND
1954
Principal of Fund
Balance Income, December 31, 1953
$17,938.48 1,877.93
Receipts
Interest on:
Series G Bonds $ 375.00
Charlestown Savings Bank 154.49
529.49
Fund and Accumulated Income, December 31, 1954
$20,345.90
Investments
15M U.S. Treasury Series G Bonds 2 1/2 %
maturing 4/1/61 $15,000.00 Charlestown Savings Bank, Book 253395 5,345.90
$20,345.90
312
ARLINGTON TOWN REPORT
FRANCIS E. THOMPSON LIBRARY FUND 1954
Principal of Fund $ 8,181.54
Balance of Income, December 31, 1953 850.47
$ 9,032.01
Receipts
Interest on:
Series G Bonds $ 200.00
Arlington 5 ¢ Savings Bank 37.92
237.92
Fund and Accumulated Income. December 31, 1954
$ 9,269.93
Investments
6M U.S. Treasury Series G Bonds 21/2 % maturing 7/1/56 $ 6,000.00 2M U.S. Treasury Series G Bonds 2 1/2 % maturing 1/1/62 2,000.00 Arlington 5¢ Savings Bank, Book 64753 .... 1,269.93
$ 9,269.93
SARAH ROSS VAUGHN LIBRARY FUND
1954
Principal of Fund $ 1,000.00
Balance of Income, December 31, 1953. 95.92
$ 1,095.92
Receipts
Interest on Arlington Co-operative Bank
30.44
Fund and Accumulated Income, December 31, 1954
$ 1,126.36
Investment
Arlington Co-operative Bank, Savings Shares Acct. # 417 .......... $ 1,126.36
TRUST AND INVESTMENT FUNDS
313
M. HELEN TEELE LIBRARY FUND 1954
Principal of Fund
Balance of Income, December 31, 1953 ....
$ 1,000.00 76.86
$ 1,076.86
Receipts
Interest on:
Series G Bonds $ 25.00
Arlington 5¢ Savings Bank 2.66
27.66
Fund and Accumulated Income, December 31, 1954 $ 1,104.52
Investments
1M U.S. Treasury Series G Bonds 2 1/2 % maturing 11/1/62 $ 1,000.00 Arlington 5¢ Savings Bank, Book 201472 .... 104.52
$ 1,104.52
TIMOTHY WELLINGTON LIBRARY FUND
1954
Principal of Fund $ 100.00
Receipts
Interest on Arlington 5¢ Savings Bank
3.49
$ 103.49
Payments
Paid Town for disbursement
3.49
$ 100.00
Investment
Arlington 5¢ Savings Bank, Book 15103 .... $ 100.00
314
ARLINGTON TOWN REPORT
ELLEN W. HODGDON LIBRARY FUND
1954
Principal of Fund
$ 1,000.00
Receipts
Interest on:
Series G. Bonds $ 25.00
Arlington 5¢ Savings Bank
.59
25.59
$ 1,025.59
Payments
Paid Town for disbursement 25.59
$ 1,000.00
Investments
1M U.S. Treasury Series G Bonds 2 1/2 % maturing 7/1/56
$ 1,000.00
DEXTER RAWSON FAY LIBRARY FUND
1954
Principal of Fund $ 1,741.60
Receipts
Interest on:
Arlington Co-operative Bank $ 48.00
Arlington 5¢ Savings Bank
5.78
53,78
$ 1,795.38
Payments
Paid Town for disbursement
53.78
$ 1,741.60
Investments
8 Matured Shares
Arlington Co-operative Bank $ 1,600.00 Arlington 5¢ Savings Bank, Book 51672. 141.60
$ 1,741.60
315
TRUST AND INVESTMENT FUNDS
CHILDREN'S BOOK FUND
1954
Principal of Fund
Gain of Capital Assets
$ 5,000.00 882.24
$ 5,882.24
Receipts
Interest on:
First National Bank Stock $ 321.60
Arlington 5¢ Savings Bank 24.28
345.88
$ 6,228.12
Payments
Paid Town for disbursement 345.88
$ 5,882.24
Investments
9 Shares First National Bank Stock $ 450.00
125 Shares First National Bank Stock. 4,950.00
Arlington 5¢ Savings Bank, Book 57012 482.24
$ 5,882.24
LOUISE S. GRUBER LIBRARY FUND
1954
Received from executor of Louise S. Gruber will, May 1954
$ 2,000.00
Deposited in North Avenue Savings Bank Book 79392
$ 2,000.00
HUGH A. MALLON, JR. ROBERT J. BROSNAN MARK W. BRADFORD EDMUND L. FROST MOLLY F. YOOD Library Trustees
J. WILBERT ANDERSON, Town Treasurer CARMEN T. FORITANO, Town Accountant
316
ARLINGTON TOWN REPORT
ROBBINS HOUSE MAINTENANCE FUND 1954
Principal of Fund
$48,189.03
Receipts
Interest on:
U.S. Treasury 212 % Bonds 60/65 27.50
U.S. Treasury 2 1/2 % Bonds 64/69
325.00
U.S. Treasury 21/2 % Bonds 65/70
125.00
U.S. Treasury 2 1/2 % Bonds 67/72
175.00
Cambridge Savings Bank
693.41
1,345.91
$49,534.94
Paid Town for disbursement
1,345.91
$48,189.03
Investments
13M U.S. Treasury 21/2 % Bonds 64/69. .. 13,000.00
5M U.S. Treasury 2 1/2 % Bonds 65/70.
5,000.00
7M U.S. Treasury 2 1/2 % Bonds 67/72 .. .. 7,000.00
1M U.S. Treasury 2 12 % Bonds 60/65.
1,000.00
Cambridge Savings Bank, Book 164923
22,189.03
$48,189.03
GEORGE A. HARRIS
MARCUS L. SORENSEN
THOMAS R. RAWSON JOSEPH P. GREELEY
FRANKLIN W. HURD Selectmen
J. WILBERT ANDERSON, Town Treasurer CARMEN T. FORITANO, Town Accountant
317
TRUST AND INVESTMENT FUNDS
Selectmen's Funds
MARY CUTTER POOR WIDOWS' FUND 1954
Principal of Fund
$ 613.11
Receipts
Interest on:
Series G Bonds $ 15.00
Arlington 5¢ Savings Bank .81
15.81
$ 628.92
Payments
Paid Town for disbursement
15.81
$ 613.11
Investments
U.S. Treasury Series G. Bonds 2 1/2 %
$
600.00
maturing 7/1/56
Arlington 5¢ Savings Bank, Book 15105
13.11
613.11 $
M. M. W. RUSSELL POOR WIDOWS' FUND 1954
Principal of Fund $ 1,704.23
Receipts
Interest on:
Series G Bonds $ 42.50
Arlington 5¢ Savings Bank 1.19
43.69
Payments
Paid Town for disbursement
43.69
$ 1,704.23
Investments
U.S. Treasury Series G Bonds 2 1/2 %
maturing 7/1/56 $1,700.00
Arlington 5¢ Savings Bank, Book 439
4.23
$ 1,704.23
$ 1,747.92
318
ARLINGTON TOWN REPORT
ANNIE L. HILL POOR WIDOWS' FUND 1954
Principal of Fund $ 2,000.00
Receipts
Interest on:
Series G Bonds $ 50.00
Arlington 5¢ Savings Bank 1.21
51.21
$ 2,051.21
Payments
Paid Town for disbursement
....
51.21
$ 2,000.00
Investments
U.S. Treasury Series G Bonds 2 1/2 %
maturing 7/1/56
$ 2,000.00
MARIA L. HILL POOR WIDOWS' FUND
1954
Principal of Fund $ 2,000.00
Receipts
Interest on:
Series G Bonds $ 50.00
Arlington 5¢ Savings Bank 1.03
51.03
$ 2,051.03
Payments
Paid Town for disbursement ...... ... 51.03
$ 2,000.00
Investments
U.S. Treasury Series G Bonds 2 1/2 % maturing 2/1/59 $ 2,000.00
319
TRUST AND INVESTMENT FUNDS
M. M. W. RUSSELL SCHOOL FUND
1954
Principal of Fund $ 5,327.86
Receipts
Interest on:
Series G Bonds $ 132.50
Arlington 5¢ Savings Bank 4.23
136.73
$ 5,464.59
Payments
Paid Town for disbursement
136.73
$ 5,327.86
Investments
U.S. Treasury Series G Bonds 21/2 %
maturing 7/1/56
$5,300.00
Arlington 5¢ Savings Bank, Book 9373
27.86
$ 5,327.86
WILLIAM CUTTER SCHOOL FUND
1954
Principal of Fund $ 5,354.00
Receipts
Interest on:
Series G Bonds $ 132.50
Arlington 5¢ Savings Bank 5.15
137.65
$ 5,491.65
Payments
Paid Town for disbursement
137.65
$ 5,354.00
Investments
U.S. Treasury Series G Bonds 2 1/2 %
maturing 7/1/56 $5,300.00
Arlington 5¢ Savings Bank, Book 15102.
54.00
$ 5,354.00
320
ARLINGTON TOWN REPORT
EMMA L. SPRAGUE POOR WIDOWS' FUND 1954
Principal of Fund
$17,938.47
Receipts
Interest on:
Charlestown Savings Bank 564.93
$18,503.40
Payments
Paid Town for disbursement 564.93
In Charlestown Savings Bank, Book 253396
$17,938.47
JULIA FILLEBROWN FUND
1954
Principal of Fund $ 100.00
Receipts
Interest on Arlington 5¢ Savings Bank
3.49
$ 103.49
Payments
Paid Town for disbursement
3.49
In Arlington 5¢ Savings Bank, Book 15841
$ 100.00
GEORGE A. HARRIS MARCUS L. SORENSEN THOMAS R. RAWSON JOSEPH P. GREELEY FRANKLIN W. HURD Selectmen
J. WILBERT ANDERSON, Town Treasurer CARMEN T. FORITANO, Town Accountant
321
TRUST AND INVESTMENT FUNDS
Farmer Funds
EDWIN S. FARMER POOR WIDOWS' FUND 1954
Principal of Fund $5,000.00
Receipts
Interest on:
Series G Bonds
$ 125.00
Arlington 5¢ Savings Bank 2.89
127.89
$5,127.89
Payments
Paid Town for disbursement
127.89
$5,000.00
Investments
2M U.S. Treasury Series G Bonds 2 1/2 % maturing 8/1/55
$2,000.00
2M U.S. Treasury Series G Bonds 2 1/2 % maturing 7/1/56 2,000.00
1M U.S. Treasury Series G Bonds 2 1/2 %
maturing 7/1/57
1,000.00
$5,000.00
EDWIN S. FARMER RELIEF FUND
1954
Principal of Fund
$5,000.00
Gain of Capital Assets
145.00
$5,145.00
Receipts
Interest on:
Series G Bonds $ 125.00
Arlington 5¢ Savings Bank 8.16
133.16
$5,278.16
322
ARLINGTON TOWN REPORT
Payments
Paid Town for disbursement ... .......... 133.16
$5,145.00
Investments
1M U.S. Treasury Series G Bonds 2 1/2 % maturing 7/1/55
$1,000.00
2M U.S. Treasury Series G Bonds 2 1/2 % maturing 1/1/56 2,000.00
2M U.S. Treasury Series G Bonds 2 1/2 %
maturing 7/1/56
2,000.00
Arlington 5¢ Savings Bank, Book 20873 145.00
$5,145.00
EDWARD P. CLARK ERNEST L. PARSONS WALTER T. CHAMBERLAIN HAROLD A. YEAMES Trustees
J. WILBERT ANDERSON, Town Treasurer CARMEN T. FORITANO, Town Accountant
323
TRUST AND INVESTMENT FUNDS
Francis E. Thompson Scholarship Fund
REPORT OF THE TRUSTEES-DECEMBER 31, 1954 Capital Funds
Received from Estate of
Mabel E. Thompson in 1944 $ 50,000.00
Received from Estate of
Mabel E. Thompson in 1945 359,362.56
Received from Estate of
Mabel E. Thompson in 1946
26,769.55
Received from Estate of
Mabel E. Thompson in 1952 (final Distribution ) 799.53
$436,931.64
Gain on sale of Capital Assets
3,772.50
$440,704.14
Investment of Capital Funds
U.S. Treasury 21/4 % Bonds 59/62
$ 64,000.00
U.S. Treasury 21/2 % Bonds 65/70 50,000.00
U.S. Treasury 2 34 % Bonds 75/80
100,000.00
U.S. Treasury Series G Bonds 2 1/2 % maturing 1957-59 225,000.00
Arlington Five Cents Savings Bank 1,654.14
Arlington National Bank 50.00
$440,704.14
Income
Balance-December 31, 1953 $ 6,449.95
Interest Received in 1954 on:
U.S. Treasury Series G Bonds 5,625.00
U.S. Treasury 21/4 % Bonds 59/62
1,440.00
U.S. Treasury 2 1/2 % Bonds 65/70 1,250.00
U.S. Treasury 2 3/4 % Bonds 75/80 2,750.00
Arlington Five Cents Savings Bank 230.22
Payments
Income disbursed from Fund for
scholarships in 1954 $ 11,300.00
Rent for safe deposit box
10.00
$ 11,310.00
Balance undistributed Income 12/31/54
* $ 6,435.17
*Income received after May 1st each year, is not made available for distribution until May 1st of the following year.
ARTHUR O. YEAMES EDWARD A. BAILEY HAROLD A. CAHALIN Trustees
J. WILBERT ANDERSON, Town Treasurer CARMEN T. FORITANO, Town Accountant
$17,745.17
324
ARLINGTON TOWN REPORT
Pratt Funds
PRATT HIGH SCHOOL FUND 1954
Principal of Fund
$25,000.00
Receipts
Interest on:
Series G. Bonds $ 575.00
Arlington 5¢ Savings Bank
21.21
Savings Bonds, Series F increased $ 596.21
53.00
649.21
$25,649.21
Payments
Paid Town for disbursement 649.21
$25,000.00
Investments
10M U.S. Treasury Series G Bonds 2 1/2 % maturing 1/1/55 $10,000.00
2M U.S. Treasury Series G Bonds 21/2 % maturing 7/1/56
2,000.00
8M U.S. Treasury Series G Bonds 2 1/2 % maturing 5/1/57 8,000.00
3M U.S. Treasury Series G Bonds 2 1/2 % maturing 7/1/57 3,000.00
1M U.S. Treasury Series F. Bonds maturing May 1957 914.00
1M U.S. Treasury Series F. Bonds maturing December 1957 900.00
Arlington 5¢ Savings Bank, Book 40413 186.00
$25,000.00
NATHAN PRATT LIBRARY FUND
1954
Principal of Fund $10,000.00
Receipts
Interest on:
Series G Bonds $ 250.00
Arlington 5¢ Savings Bank
5.54
255.54
$10,255.54
325
TRUST AND INVESTMENT FUNDS
Payments
Box Rent
$ 5.00
Paid Town for disbursement
250.54
255.54
$10,000.00
Investments
5M U.S. Treasury Series G Bonds 2 1/2 % maturing 8/1/55 $ 5,000.00
2M U.S. Treasury Series G Bonds 2 1/2 % maturing 7/1/56 2,000.00
3M U.S. Treasury Series G Bonds 2 1/2 %
maturing 7/1/57 3,000.00
$10,000.00
NATHAN PRATT POOR WIDOWS' FUND
1954
Principal of Fund $ 5,000.00
Receipts
Interest on:
Series G Bonds $ 125.00
Arlington 5¢ Savings Bank 2.89
127.89
$ 5,127.89
Payments
Paid Town for disbursement 127.89
$ 5,000.00
Investments
2M U.S. Treasury Series G Bonds 2 1/2 % maturing 8/1/55 $ 2,000.00
2M U.S. Treasury Series G Bonds 2 1/2 % maturing 7/1/56 2,000.00
1M U.S. Treasury Series G Bonds 2 1/2 % maturing 7/1/57 1,000.00
$ 5,000.00
326
ARLINGTON TOWN REPORT
E. NELSON BLAKE JR. MEMORIAL FUND
1954
Principal of Fund
$ 3,000.00
Receipts
Interest on:
Series G Bonds $ 75.00
Arlington 5¢ Savings Bank 1.75
76.75
$ 3,076.75
Payments
Paid Town for disbursement ............ 76.75
$ 3,000.00
Investments
1M U.S. Treasury Series G Bonds 2 1/2 % maturing 8/1/55 $ 1,000.00
1M U.S. Treasury Series G Bonds 2 1/2 % maturing 7/1/56 1,000.00
1M U.S. Treasury Series G Bonds 2 1/2 % maturing 7/1/57 1,000.00
$
3,000.00
EDWARD P. CLARK ERNEST L. PARSONS WALTER T. CHAMBERLAIN NORMAN C. JENKINSON Trustees
J. WILBERT ANDERSON, Town Treasurer
CARMEN T. FORITANO, Town Accountant
327
TRUST AND INVESTMENT FUNDS
Cemetery Funds PERPETUAL CARE FUND
1954
Fund, January 1, 1954
$309,880.50
Received for Perpetual Care of Lots
13,327.00
Gain of Capital Assets
386.82
$323,594.32
Balance of Income, January 1, 1954 ...
$ 14,835.03
Receipts
Interest on:
First National Bank stock
$ 256.80
National Shawmut Bank stock
430.00
Arlington Co-operative Bank shares 360.00
U.S. Treas. Series G Bonds
1,587.50
U. S. Treas. Series K Bonds
345.00
U.S. Treas. 27/8 % Bonds 55/60
143.75
U.S. Treas. 21/2 % Bonds 56/58
60.00
U.S. Treas. 2 1/2 % Bonds 63/68
750.00
U.S. Treas. 21/2 % Bonds 64/69
125.00
U.S. Treas. 2 1/2 % Bonds 65/70
1,875.00
U.S. Treas. 21/2 % Bonds 66/71
625.00
U.S. Treas. 21/2 % Bonds 67/72
157.50
Pacific Gas and Electric Bonds 3 % 150.00
Arlington 5¢ Savings Bank
625.79
Boston 5¢ Savings Bank
175.21
Cambridge Savings Bank
958.36
Charlestown Savings Bank
262.49
North Avenue Savings Bank
135.42
Provident Institution for Savings ..
187.94
9,210.76
$347,640.11
Payments
Paid Town for disbursement
$ 9,203.26
Paid for box rent 7.50
9.210.76
Fund and Accumulated Income, December 31, 1954 $338,429.35
Investment Transactions in 1954
25M Series G Bonds matured
Exchanged for 25 M Series K Bonds Transferred 10M to North Avenue Savings Bank Transferred 10M to Cambridge Savings Bank
328
ARLINGTON TOWN REPORT
Investments
U.S. Treasury 2 12 % Bonds 64/69 $ 5,000.00
U.S. Treasury 21/2 % Bonds 56 /58
2,400.00
U.S. Treasury 2 12 % Bonds 67/72 6,300.00
U.S. Treasury 2 1/2 % Bonds 63/68 30,000.00
U.S. Treasury 2 12 % Bonds 65/70
75,000.00
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 2 1/2 % 51,000.00
U. S. Treasury Series K Bonds 2.76 25,000.00
Pacific Gas and Electric Bonds 3 % 5,000.00
100 First National Bank shares
4,175.00
7 distributed First National Bank Shares a par 350.00
200 National Shawmut Bank shares 5,000.00
Arlington 5¢ Savings Bank, Book 72902 18,240.86
Boston 5¢ Savings Bank, Book 1039471
6,226.40
Cambridge Savings Bank, Book 159502
37,088.57
Charlestown Savings Bank, Book 253796
8,598.02
North Avenue Savings Bank, Book 78733 Provident Institution for Savings
10,000.00
Book 603700 7,050.50
Arlington Co-operative Bank shares
12,000.00
$338,429.35
ROBBINS CEMETERY FUND
1954
Principal of Fund $5,000.00
Income Account
Balance Income January 1, 1954
1,286.94
Interest on :
Series G Bonds $ 125.00
Arlington 5¢ Savings Bank
45.99
170.99
$6,457.93
Invested as follows: U.S. Treasury Series G. Bonds 2 1/2 %
maturing 1/1/57
$5,000.00
Arlington 5¢ Savings Bank Book 6758 1,457.93
$6,457.93
TRUST AND INVESTMENT FUNDS
329
S. C. BUCKNAM CEMETERY FUND 1954
Principal of Fund $2,000.00
Income Account
Balance Income January 1, 1954
352.71
Interest on:
Series G Bonds $ 50.00
Arlington 5¢ Savings Bank 12.76
62.76
$2,415.47
Invested as follows:
U.S. Treasury Series G Bonds 2 1/2 %
maturing 1/1/57 $2,000.00
Arlington 5¢ Savings Bank Book 12248 415.47
$2,415.47
SOLDIERS MONUMENT FUND
1954
Principal of Fund $2,000.00
Income Account
Balance Income January 1, 1954
774.14
Interest on:
U.S. Treasury Series G Bonds 2 1/2 % $ 50.00
Arlington 5¢ Savings Bank 27.41
77.41
$2,851.55
Invested as follows:
U.S. Treasury Series G Bonds 2 1/2 % maturing 1/1/57 $2,000.00
Arlington 5¢ Savings Bank Book 6977 851.55
$2,851.55
ARTHUR R. KIMBALL WATHEN B. HENDERSON NILS G. ANDERSON Cemetery Commissioners
J. WILBERT ANDERSON, Town Treasurer CARMEN T. FORITANO, Town Accountant
330
ARLINGTON TOWN REPORT
Workmen's Compensation Fund
1954
Balance, December 31, 1953
$ 165.53
Appropriated at Town Meeting 1954
20,000.00
Interest Arlington 5¢ Savings Bank
498.07
$20,663.60
Paid Town for disbursement
$20,600.00
In Arlington 5¢ Savings Bank Book 65361
$ 63.60
EDWARD P. CLARK HAROLD A. YEAMES WILLIAM J. O'BRIEN, JR. Sinking Fund Commissioners
J. WILBERT ANDERSON, Town Treasurer
CARMEN T. FORITANO, Town Accountant
331
TRUST AND INVESTMENT FUNDS
Municipal Buildings Insurance Fund
1954
Fund and Accumulated Income, December 31, 1953 $79,864.24
Gain of Capital Assets
62.51
$79,926.75
Receipts
Interest on:
U.S. Treasury 2 1/4 % Bonds, 59/62 562.50
Arlington 5¢ Savings Bank
240.58
803.08
Savings Bonds increased
1,361.00
$ 2,164.08
$82,090.83
Payments
Box rent
7.50
$82,083.33
Investments
25M U.S. Treasury 21/4 % Bonds, 59/62 .... 25,000.00
10M U.S. Treasury Series F Bonds 1956 9,450.00
14M U.S. Treasury Series F Bonds 1959 11,872.00
15M U.S. Treasury Series F Bonds 1961 12,135.00
18M U.S. Treasury Series F Bonds 1962 14,148.00
Arlington 5¢ Savings Bank, Book 40412 9,478.33
$82,083.33
Appropriated At Annual Town
Meeting Art. 34 Item 46 .... 10,600.00
Appropriated at Special Town
Meeting, Art. 8
60,000.00
To be expended in 1955
70,600.00
EDWARD P. CLARK HAROLD A. YEAMES WILLIAM J. O'BRIEN, JR. Commissioners
J. WILBERT ANDERSON, Town Treasurer CARMEN T. FORITANO, Town Accountant
33.2
ARLINGTON TOWN REPORT
Robbins Scholarship Fund
1954
Principal of Fund
$10,000.00
Balance Income, December 31, 1953
167.34
$10,167.34
Receipts
Interest on:
Arlington Co-operative Bank Shares $ 300.00
Arlington Co-operative Bank
Savings Shares Account 5.34
305.34
$10,472.68
Payments
Tuitions
300.00
Fund and Accumulated Income,
Dec. 31, 1954
$10,172.68
Investments
50 Shares Arlington Co-operative Bank .... $10,000.00 Arlington Co-operative Bank,
Savings Shares Account #1631 172.68
$10,172.68
WILLIAM J. O'BRIEN JR. ARTHUR F. COUGHLIN JR.
M. NORCROSS STRATTON MARY E. PORTEUS
MARY K. BOYD
ELINOR J. STRONG
CARL F. ALLEN
JOSEPH J. BEVINS
JOHN P. MORINE School Committee
J. WILBERT ANDERSON, Treasurer CARMEN T. FORITANO, Accountant
333
REPORT OF THE BOARD OF SELECTMEN
Report of the Board of Selectmen
To THE CITIZENS OF ARLINGTON :
Herewith is presented the Annual Report of your Board of Select- men for the year ending December 31, 1954.
As a result of the election to the Board of Selectmen on March 1, 1954, Joseph P. Greeley was re-elected for a three year term, and Thomas R. Rawson was elected for a three year term. Franklin W. Hurd, George A. Harris and Marcus L. Sorensen continued as members with the former's term expiring in 1956 and the terms of the latter two expiring in 1955.
On March 8, 1954, the new Board of Selectmen organized by the election of George A. Harris as Chairman and Marcus L. Sorensen as Vice-Chairman.
Reference is made to other sections of this Annual Report for more particular information regarding the Town Election of March, 1954.
The year of 1954 was highlighted by three separate catastrophes that hit the town; namely, the Crosby School Fire on May 21, 1954; Hurricane "Carol" on August 31, 1954; and Hurricane "Edna" on September 11, 1954; all three of which cost the town a great deal of damage expense and inconvenience.
The carelessness of a workman in the process of minor repairs on the Crosby School started a fire on May 26, 1954, that gutted classrooms on the Oxford Street side and otherwise damaged all other facilities of the school so as to effectively knock out the school for educational purposes for an indefinite period of time until rebuilt.
It was necessary for the Board of Selectmen at the request of the School Committee and the Town Manager to make a declaration of extreme emergency on June 1, 1954, to authorize the Town Manager to take all necessary steps to safeguard the structure, and on June 10, 1954, to call a Special Town Meeting for July 12, 1954, for the appro- priation of sufficient funds to reconstruct and remodel the school.
The Crosby School fire brought out two facts that called for constructive action; i.e., inadequate water pressure and inadequate insurance coverage. The Town Manager was requested to make a study of both inadequacies. Included in the budget recommendations of the Selectmen and the Town Manager for the coming year are provisions for increasing our insurance coverage on public buildings and for improving our water volumes and pressures throughout the town, a result of surveys and studies ordered by the Board of Selectmen of both problems that were revealed by the Crosby School Fire. An appropriation is being requested for this purpose at the 1955 Annual Town Meeting.
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