USA > Massachusetts > Middlesex County > Arlington > Town of Arlington annual report 1957 > Part 25
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Vehicle Tanks
4
25
Taxi Meters
22
Yard Sticks
6
-
Total ·
26
747
9
TRIAL WEIGHINGS AND INSPECTIONS
Number Tested
Correct
Under
Over
Bread
84
78
2
4
Butter
78
78
Coal
6
6
Confectionery
112
112
Flour
18
18
Fruits & Vegetables
740
702
28
10
Lard
18
18
Meats & Provisions
920
902
10
8
Potatoes
160
147
13
Peddler Licenses
9
9
-
-
-
Total
2195
2120
53
22
-
-
This Department has turned into the Town Treasurer the sum of $261.00 which was collected as sealing fees. During the past year, at the request of the Town Manager, a measured mile was marked on Broadway for the testing of Taxi Meters. All Taxis that are in busi- ness in the Town have been tested and sealed as of January 1, 1958.
Respectfully submitted, JAMES J. DOLAN Sealer of Weights & Measures
-
Oil Deliveries
18
18
Gas Meters
32
32
January 28, 1958
STATEMENT OF THE COLLECTOR OF TAXES
289
Statement of the Collector of Taxes and Town Collector for the Year of 1957
Collection Credits
Balance Uncollected Dec. 31, 1957
Taxes :
1955 Motor Excise
$ 214.52
$ 10.67
1956 Poll
648.00
1956 Motor Excise
141,007.33
4,152.63
1956 Personal
6,529.43
1956 Real Estate
106,735.77
1957 Poll
25,750.00
554.00
1957 Motor Excise
494,850.47
82,894.72
1957 Personal
310,335.21
6,461.27
1957 Real Estate
4,950,353.16
95,056.99
Special Assessments and Water Liens: Moth (added to 1956 &
1957 Taxes)
4,244.46
70.50
Water Liens (added to 1956 &
1957 Taxes)
5,207.06
553.21
Apportioned Assessments:
Sewer
4,116.98
316.04
Sidewalk
2,707.58
72.70
Street Betterment
34,528.94
2,123.08
Unapportioned Assessments:
Sewer
4,200.83
2,871.50
Sidewalk
5,610.77
5,612.81
Street Betterment
22,704.72
54,256.53
Committed Interest:
Sewer, Sidewalk, Street Betterment
12,284.04
1,075.82
Apportioned Assesments, Not Due:
Sewer
1,389.99
20,108.85
Sidewalk
493.65
9,663.86
Street Betterment
12,830.73
217,469.31
Water Rates
327,058.39
23,766.11
Departmental
1,613,199.49
134,081.65
Interest Added
4,727.86
Costs, Charges and Fees
1,871.97
8,093,601.35
661,172.25
FRANCIS A. COUGHLIN Collector of Taxes and Town Collector
290
ARLINGTON TOWN REPORT
Report of the Town Treasurer
1957
Cash Balance, January 1, 1957 $ 1,555,787.08 10,500,151.35
Receipts, 1957
Expended, 1957
$12,055,938.43 10,096,309.29
Cash Balance, December 31, 1957 $ 1,959,629.14
Contingent Funds, December 31, 1957 937.00
$ 1,960,566.14
FRANCIS A. COUGHLIN Town Treasurer
PARKING METER COLLECTIONS
1957
January 1, 1957 - December 31, 1957 $ .... . .. . 13,959.36
FRANCIS A. COUGHLIN Town Treasurer
291
TRUST AND INVESTMENT FUNDS
Report of the Trustees Of The Elbridge Farmer Fund
1957
INCOME ACCOUNT
Undistributed Income Balance - 12/31/56
$ 5.65
Arlington Cooperative Bank
260.00
Arlington Five Cents Savings Bank
150.00
Boston Five Cents Savings Bank
93.75
Cambridge Savings Bank
377.75
Cambridgeport Savings Bank
325.00
Franklin Savings Bank
101.04
Harvard Trust Company - Account A2992
17.13
Provident Institution for Savings
114.30
Suffolk Savings Bank
115.63
Chicago, Burlington & Quincy RR Equip. Trust
139.58
Southern Rwy. Equipment Trust
48.96
$ 1,748.79
INVESTMENT TRANSACTIONS
Withdrawal - Provident Institution for Savings $ 2,500.00
Withdrawal - - Suffolk Savings Bank 2,500.00
Withdrawal Arlington Five Cents Savings Bank 10,000.00
$15,000.00
Purchase - $5000 Chicago, Burlington & Quincy RR Equip. Trust 3 34 s 9/1/63 at 100 $ 5,000.00
Purchase - $5000 Chicago, Burlington & Quincy RR Equip. Trust 3 34 s 9/1/66 at 100 5,000.00
Purchase - $5000 Southern Railway Equipment Trust, 3 34 s 1/15/66 at 3.80 % 4,981.30
Deposit - Provident Institution for Savings 18.70
$15,000.00
DISBURSEMENTS
Harvard Trust Company - Safe Deposit Box Rent $ 6.60
Town of Arlington - Elbridge Farmer Fund for benefit of Robbins Library 1,740.00
$ 1,746.60
Balance - Undistributed Income - 12/31/57
Harvard Trust Company, Savings Account A2992 ... 2.19
$ 1,748.79
29.2
ARLINGTON TOWN REPORT
INVESTMENT ACCOUNT 12/31/57
Arlington Cooperative Bank $ 8,000.00
Boston Five Cents Savings Bank 3,000.00
Cambridge Savings Bank 9,299.68
Cambridgeport Savings Bank
10,000.00
Provident Institution for Savings 2,518.70
Suffolk Franklin Savings Bank
5,282.77
$5000 Chicago, Burlington & Quincy RR Equip. Trust 3 34 s 9/1/63 5,000.00
$5000 Chicago, Burlington & Quincy RR Equip.
Trust, 3 34 s 9/1/66 5,000.00
$5000 Southern Railway Equipment Trust, 3 34 s 1/15/66
4,981.30
$53,082.45
GARDNER C. PORTER
EDMUND L. FROST FRANCIS KEEFE
ARTHUR O. YEAMES
EVERETT C. BRYANT
EDWARD CLARK
Library Funds ROBBINS LIBRARY ART FUND 1957
Principal of Fund
$25,000.00
Gain of Capital Assets
1,770.04
Accumulated Income
13,886.38
$40,656.42
Receipts
Interest on:
Series B Bonds
$440.00
First National Bank Stock
698.75
Arlington 5¢ Savings Bank
47.55
No. Avenue Savings Bank
97.50
Arlington Cooperative Bank Shares
325.00
1,608.80
$42,265.22
Payments
As per Vouchers on file
173.90
Investments
16M U.S. Treasury 2 3/4 % Bonds 75/80 $16,000.00
200 Shares First National Bank Stock 9,560.00
15 Shares First National Bank Stock, Acquired at par 750.00
50 Arlington Cooperative Bank Shares
10,000.00
Arlington Five Cents Savings Bank, Book 20095
2,608.92
North Avenue Savings Bank, Book 78755
3,000.00
Harvard Trust Checking Account
172.40
$42,091.32
$42,091.32
293
TRUST AND INVESTMENT FUNDS
ROBBINS PRINT FUND 1957
Principal of Fund
$30,000.00
Balance of Income, December 31, 1956
5,167.28
$35,167.28
Receipts
Interest on:
Series G Bonds
$650.00
Arlington 5¢ Savings Bank 282.18
932.18
Fund and Accumulated Income, December 31, 1957
$36,099.46
Investments 26M U.S. Treasury Series G Bonds 2 1/2 % maturing 10/1/62 $26,000.00 Arlington 5¢ Savings Bank, Book 200162 10,099.46
$36,099.46
HENRY MOTT LIBRARY FUND
1957
Principal of Fund $ 5,200.00 Gain of Capital Assets 225.00
$ 5,425.00
Balance of Income, December 31, 1956
1,039.67
$ 6,464.67
Receipts
Interest on:
Series G Bonds
$125.00
Arlington 5¢ Savings Bank 44.89
169.89
Fund and Accumulated Income, December 31, 1957
$ 6,634.56
Investments
5M U.S. Treasury Series G Bonds 2 1/2 % maturing 11/1/58 $5,000.00
Arlington 5¢ Savings Bank, Book 15101
1,634.56
$ 6,634.56
294
ARLINGTON TOWN REPORT
E. NELSON BLAKE LIBRARY FUND 1957
Principal of Fund $ 4,000.00
Gain of Capital Assets
696.57
$ 4,696.57
Balance Income, December 31, 1956
939.98
$ 5,636.55
Receipts
Interest on:
Arlington Cooperative Bank Shares $130.00
Arlington 5¢ Savings Bank 50.46
180.46
Fund and Accumulated Income, December 31, 1957
$ 5,817.01
Investments
20 Arlington Cooperative Bank Shares #4438
$4,000.00
Arlington 5¢ Savings Bank, Book 52201
1,817.01
$ 5,817.01
EMMA L. SPRAGUE LIBRARY FUND 1957
Principal of Fund $17,938.48
Balance Income, December 31, 1956
3,495.48
$21,433.96
Receipts
Interest on:
Series G Bonds $375.00
Charlestown Savings Bank
205.65
580.65
Fund and Accumulated Income, December 31, 1957
$22,014.61
Investments
15M U.S. Treasury Series G Bonds 2 1/2 %
maturing 4/1/61
$15,000.00
Charlestown Savings Bank, Book 253395
7,014.61
$22,014.61
295
TRUST AND INVESTMENT FUNDS
FRANCIS E. THOMPSON LIBRARY FUND 1957
Principal of Fund $ 8,181.54
Balance of Income, December 31, 1956 1,614.96
$ 9,796.50
Receipts
Interest on:
Series G Bonds
50.00
Arlington 5¢ Savings Bank 56.43
Arlington Cooperative Bank 195.00
301.43
Fund and Accumulated Income, December 31, 1957
$10,097.93
Investments
2M U.S. Treasury Series G Bonds 2 1/2 % maturing 1/1/62 $2,000.00 30 Arlington Cooperative Bank Shares Account #4436 6,000.00
Arlington 5¢ Savings Bank, Book 64753
2,097.93
$10,097.93
SARAH ROSS VAUGHN MEMORIAL FUND 1957
Principal of Fund $ 1,000.00
Balance of Income, December 31, 1956 194.24
$ 1,194.24
Receipts
Interest on Arlington Cooperative Bank
36.99
Fund and Accumulated Income, December 31, 1957
$ 1,231.23
Investment
Arlington Cooperative Bank
Savings Shares Account #417 $ 1,231.23
296
ARLINGTON TOWN REPORT
M. HELEN TEELE LIBRARY FUND 1957
Principal of Fund $ 1,000.00
Balance of Income, December 31, 1956 161.22
$ 1,161.22
Receipts
Interest on:
Series G Bonds
$25.00
Arlington 5¢ Savings Bank 5.02
30.02
Fund and Accumulated Income, December 31, 1957
$ 1,191.24
Investments
1M U.S. Treasury Series G Bonds 2 1/2 %
maturing 11/1/62
$1,000.00
Arlington 5¢ Savings Bank, Book 201472 ..
191.24
$ 1,191.24
TIMOTHY WELLINGTON LIBRARY FUND 1957
Principal of Fund $ 100.00
Receipts
Interest on Arlington 5¢ Savings Bank
3.05
Payments $ 103.05
Paid Town for Disbursement
3.05
Investment $ 100.00
Arlington 5¢ Savings Bank, Book 15103 $ 100.00
ELLEN W. HODGDON LIBRARY FUND 1957
Principal of Fund
Receipts $ 1,000.00
Interest on:
Arlington 5¢ Savings Bank
$
.39
Arlington Cooperative Bank
32.52
32.91
$ 1,032.91
Paid Town for Disbursement
Payments
32.91
$ 1,000.00
Investment
5 Arlington Cooperative Bank Shares, Account #4437
$ 1,000.00
297
TRUST AND INVESTMENT FUNDS
CHILDREN'S BOOK FUND 1957
Principal of Fund $ 5,000.00 882.24
Gain of Capital Assets
$ 5,882.24
Receipts
Interest on:
First National Bank Stock $435.50
Arlington 5¢ Savings Bank 23.21
458.71
Fund and Accumulated Income, December 31, 1957
$ 6,340.95
Payments
Paid Town for Disbursement
458.71
Investments
$ 5,882.24
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
DEXTER RAWSON FAY LIBRARY FUND
1957
Principal of Fund $ 1,741.60
Receipts
Interest on:
Arlington Cooperative Bank $52.00
Arlington 5¢ Savings Bank
5.04
57.04
$ 1,798.64
Paid Town for Disbursement
Payments
57.04
$ 1,741.60
Investments
8 Arlington Cooperative Bank Shares, Account #B1333 $1,600.00
Arlington 5¢ Savings Bank, Book 51672 .. 141.60
$ 1,741.60
298
ARLINGTON TOWN REPORT
LOUISE GRUBER LIBRARY FUND 1957
Principal of Fund Receipts
2,000.00
Interest on North Avenue Savings Bank 65.52
Payments
Paid Town for Disbursement
65.52
Investments
North Avenue Savings Bank, Book 79392
$
2,000.00
Robert J. Brosnan, Chmn. Hugh A. Mallon, Jr. Margaret H. Spengler J. Milton Washburn, Jr. Molly F. Yood Trustees
Francis A. Coughlin, Town Treasurer Carmen T. Foritano, Town Accountant
ROBBINS HOUSE MAINTENANCE FUND 1957
Principal of Fund
$48,189.03
Receipts
Interest on:
U.S. Treasury 2 34 % Bonds 60/65 $ 27.50
U.S. Treasury 21/2 % Bonds 64/69 325.00
U.S. Treasury 21/2 % Bonds 65/70 125.00
U.S. Treasury 21/2 % Bonds 67/72 175.00
Cambridge Savings Bank 901.40
1,553.90
$49,742.93
Paid Town for disbursement
1,553.90
$48,189.03
Investments
13M U.S. Treasury 2 1/2 % Bonds 64/69 $13,000.00
5M U.S. Treasury 21/2 % Bonds 65/70 5,000.00
7M U.S. Treasury 2 1/2 % Bonds 67/72 7,000.00
1M U.S. Treasury 2 34 % Bonds 60/65
1,000.00
Cambridge Savings Bank, Book 1649:23
22,189.03
$48,189.03
THOMAS R. RAWSON, Chmn.
GEORGE A. HARRIS
JOSEPH P. GREELEY FRANKLIN W. HURD
MARCUS L. SORENSEN Selectmen
FRANCIS A. COUGHLIN, Town Treasurer CARMEN T. FORITANO, Town Accountant
$ 2,065.52
$ 2,000.00
299
TRUST AND INVESTMENT FUNDS
Selectmen's Funds
M. M. W. RUSSELL POOR WIDOWS' FUND 1957
Principal of Fund $ 1,704.23 .....
Receipts
Interest on:
Arlington 5¢ Savings Bank $ 7.37
U.S. Treasury 2 1/2 % Bonds 37.50
44.87
$ 1,749.10
Paid Town for disbursement
Payments
44.87
$ 1,704.23
Investments
U.S. Treasury 2 1/2 % Bonds
maturing 12/15/68-63 $1,500.00
Arlington 5¢ Savings Bank, Book 439
204.23
$ 1,704.23
MARY CUTTER POOR WIDOWS' FUND
1957
Principal of Fund $ 613.11
Interest on:
Receipts
U.S. Treasury 2 1/2 % Bonds $12.50
Arlington 5¢ Savings Bank
3.83
16.33
Paid Town for disbursement Payments $ 629.44
16.33
Investments $ 613.11
U.S. Treasury 2 1/2 % Bonds
maturing 12/15/68-63 $500.00
Arlington 5¢ Savings Bank, Book 15105
113.11
$ 613.11
300
ARLINGTON TOWN REPORT
M. M. W. RUSSELL SCHOOL FUND 1957
Principal of Fund $ 5,327.86
Interest on:
Receipts
U.S. Treasury 21/2 % Bonds $137.50
Arlington 5¢ Savings Bank 6.58
144.08
$ 5,471.94
Paid Town for disbursement
Payments
144.08
$ 5,327.86
Investments
U.S. Treasury 21/2 % Bonds
maturing 1968; Cost $5,162.04
Arlington 5¢ Savings Bank, Book 9373
165.82
$ 5,327.86
WILLIAM CUTTER SCHOOL FUND
1957
Principal of Fund $ 5,354.00
Receipts
Interest on:
U.S. Treasury 2 1/2 % Bonds $137.50
Arlington 5¢ Savings Bank
7.38
144.88
$ 5,498.88
Paid Town for disbursement Payments 144.88
$ 5,354.00
Investments
U.S. Treasury 2 1/2 % Bonds
maturing 1968; Cost $5,162.04
Arlington 5¢ Savings Bank, Book 15102
191.96
$ 5,354.00
301
TRUST AND INVESTMENT FUNDS
ANNIE L. HILL POOR WIDOWS' FUND 1957
Principal of Fund $ 2,000.00
Receipts
Interest on:
U.S. Treasury 21/2 % Bonds $50.00
Arlington 5¢ Savings Bank 1.51
51.51
$ 2,051.51
Payments
Paid Town for disbursement
51.51
$ 2,000.00
Investments
U.S. Treasury 21/2 % Bonds maturing 1968
$ 2,000.00
MARIA L. HILL POOR WIDOWS' FUND 1957
Principal of Fund $ 2,000.00
Receipts
Interest on:
Series G Bonds
$50.00
Arlington 5¢ Savings Bank .88
50.88
$ 2,050.88
Payments
Paid Town for disbursement
50.88
$ 2,000.00
Investment
U.S. Treasury Series G Bonds, maturing 2/1/59 $ 2,000.00
302
ARLINGTON TOWN REPORT
EMMA L. SPRAGUE POOR WIDOWS' FUND 1957
Principal of Fund $17,938.47
Receipts
Interest on:
Charlestown Savings Bank
564.93
$18,503.40
Payments
Paid Town for disbursement
564.93
$17,938.47
Investment
Charlestown Savings Bank, Book 253396
$17,938.47
JULIA FILLEBROWN FUND
1957
Principal of Fund $ 100.00
Receipts
Interest on:
Arlington 5¢ Savings Bank 3.05
Payments $ 103.05
Paid Town for disbursement
3.05
$
100.00
Investment
Arlington 5¢ Savings Bank, Book 15841 $ 100.00
THOMAS R. RAWSON, Chmn. GEORGE A. HARRIS JOSEPH P. GREELEY FRANKLIN W. HURD MARCUS L. SORENSEN Selectmen
FRANCIS A. COUGHLIN, Town Treasurer CARMEN T. FORITANO, Town Accountant
303
TRUST AND INVESTMENT FUNDS
Farmer Funds
EDWIN S. FARMER POOR WIDOWS' FUND 1957
Principal of Fund $ 5,000.00 ....
Receipts
Interest on:
Series G Bonds $ 25.00
Arlington 5¢ Savings Bank 3.01
Cambridge Savings Bank 157.09
U.S. Treasury Notes
10.61
Income from purchase of Notes as shown below
.63
196.34
$ 5,196.34
Payments
Accrued Interest Cost on Note purchase
as shown below
$ 7.72
Paid Town for disbursement
. . 188.62
196.34
$ 5,000.00
Investment Transactions in 1957
1M U.S. Treasury Series G Bonds matured 7/1/57 Proceeds reinvested in U.S. Treasury 3 5/8 % Notes, due 2/15/62 and balance deposited in Arlington 5¢ Savings Bank
Investments
1M U.S. Treasury 3 5/8 % Notes
$1,000.00
due 2/15/62
Cambridge Savings Bank, Book 179489
4,000.00
$ 5,000.00
304
ARLINGTON TOWN REPORT
EDWIN S. FARMER RELIEF FUND 1957
Principal of Fund $ 5,000.00
Gain of Capital Assets
145.00
$ 5,145.00
Receipts
Interest on:
Arlington 5¢ Savings Bank $ 7.27
Cambridge Savings Bank 116.46
Arlington Cooperative Bank Shares 65.00
$ 188.73
$ 5,333.73
Payments
Paid Town for disbursement
188.73
$ 5,145.00
Investments
Arlington 5¢ Savings Bank, Book 20873 $ 145.00
Cambridge Savings Bank, Book 178870 3,000.00
10 Arlington Cooperative Bank Shares #4294 2,000.00
$ 5,145.00
EDWARD P. CLARK, Chmn. WALTER T. CHAMBERLAIN ERNEST L. PARSONS HAROLD A. YEAMES Trustees
FRANCIS A. COUGHLIN, Town Treasurer CARMEN T. FORITANO, Town Accountant
305
TRUST AND INVESTMENT FUNDS
Francis E. Thompson Scholarship Fund
REPORT OF THE TRUSTEES - DECEMBER 31, 1957 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 2 14 % Bonds 59/62
$ 64,000.00
U.S. Treasury 2 1/2 % 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 1958-9
126,000.00
U.S. Treasury 3 12 %
Notes maturing 1960 100,000.00
Arlington 5¢ Savings Bank 654.14
Arlington National Bank 50.00
$440,704.14
INCOME
Balance - December 31, 1956 $6,371.17
Refund of part scholarship granted in 1956 50.00
Refund of part scholarship granted in 1957 41.00
Interest received in 1957 on:
U.S. Treasury 2 1/4 % Bonds 59/62 1,440.00
U.S. Treasury 21/2 % Bonds 65/70 1,250.00
U.S. Treasury 2 34 % Bonds 75/80 2,750.00
U.S. Treasury Series G Bonds 4,387.50
U.S. Treasury 31/2 % Notes 5/15/60 ..
2,610.50
Arlington 5¢ Savings Bank 204.31
Income from Notes purchased at discount .. 140.62
$ 19,245.10
PAYMENTS
Income disbursed from Fund for
scholarships in 1957 $10,735.00
Rent for safe deposit box 10.00
Accrued Interest on Notes purchased
734.81
$ 11,479.81
Balance undistributed Income 12/31/57 * $ 7,765.29
306
ARLINGTON TOWN REPORT
INVESTMENT TRANSACTION IN 1957
99M U.S. Treasury Series G Bonds matured May 1, 1957 $1,000.00 Principal withdrawn from Arlington 5¢ Savings Bank Invested in 100M U.S. Treasury 31/2 % Notes maturing 5/15/60 and balance deposited in Arlington 5¢ Savings Bank
* Income received after May 1st each year, is not made available for distribution until May 1st of the following year.
ARTHUR O. YEAMES, Chmn. EDWARD A. BAILEY HAROLD A. CAHALIN Trustees
FRANCIS A. COUGHLIN, Town Accountant CARMEN T. FORITANO, Town Accountant
307
TRUST AND INVESTMENT FUNDS
Pratt Funds PRATT HIGH SCHOOL FUND 1957
Principal of Fund $25,000.00
Receipts
Interest on:
Series G Bonds
$175.00
U.S. Treasury Notes 266.75
Arlington 5¢ Savings Bank 13.82
Cambridgeport Savings Bank
384.59
Series F Bonds increased 58.00
Income from purchase of Notes at discount as shown below 10.31
908.47
$25,908.47
Payments
Accrued Interest on Notes purchased May 3 .... $ 66.13
Accrued Interest on Notes purchased July 17 23.13
Premium on Notes purchased December 2 15.63
Accrued Interest on Notes purchased December 2
10.93
Paid Town for disbursement 792.65
908.47
$25,000.00
Investment Transactions in 1957
8M U.S. Treasury Series G Bonds matured May 1 1M U.S. Treasury Series F Bonds matured May 1 9M U.S. Treasury 3 1/2 % Notes purchased with proceeds and balance deposited in Arlington 5¢ Savings Bank 3M U.S. Treasury Series G Bonds matured July 1 3M U.S. Treasury 3 5/8 % Notes purchased with proceeds and balance deposited in Arlington 5¢ Savings Bank 1M U.S. Treasury Series F Bonds matured December 1 1M U.S. Treasury 35/8 % Notes purchased with proceeds
Investments
9M U.S. Treasury 3 1/2 % Notes
maturing 5/15/60 $ 9,000.00 3M U.S. Treasury 3 5/8 % Notes maturing 2/15/62 3,000.00
1M U.S. Treasury 35/8 % Notes
maturing 2/15/62 1,000.00
Cambridgeport Savings Bank,
Book 249281 12,000.00
$25,000.00
308
ARLINGTON TOWN REPORT
NATHAN PRATT LIBRARY FUND 1957
Principal of Fund $10,000.00
Receipts
Interest on:
Series G Bonds
$ 75.00
U.S. Treasury 35/8 % Notes 31.83
Arlington 5¢ Savings Bank 5,93
Cambridge Savings Bank 278.96
Income from purchase of Notes at
discount as shown below 1.87
393.59
$10,393.59
Payments
Box Rent $ 5.00
Accrued Interest cost on note purchase
shown below
23.13
Paid Town for disbursement 365.46
393.59
$10,000.00
Investment Transaction in 1957
3M U.S. Treasury Series G Bonds matured 7/1/57 Proceeds reinvested in U.S. Treasury 3 5/8 % Notes
and balance deposited in Arlington 5¢ Savings Bank
Investments
3M U.S. Treasury 3 5/8 % Notes,
maturing 2/15/62 $3,000.00
Cambridge Savings Bank, Book 179488
7,000.00
$10,000.00
309
TRUST AND INVESTMENT FUNDS
NATHAN PRATT POOR WIDOWS' FUND 1957
Principal of Fund $5,000.00 ........
Receipts
Interest on:
Series G Bonds
$ 25.00
Arlington 5¢ Savings Bank 3.01
Cambridge Savings Bank 157.09
U.S. Treasury 35/8 % Notes 10.61
Income from purchase of Notes at discount as shown below
.6'2
196.33
$ 5,196.33
Payments
Accrued Interest Cost on Note purchase
shown below
7.71
Paid Town for disbursement 188.62
196.33
$ 5,000.00
Investment Transaction in 1957
1M U.S. Treasury Series G Bond matured 7/1/57 Proceeds reinvested in U.S. Treasury 3 5/8 % Notes and
balance deposited in Arlington 5¢ Savings Bank
Investments
1M U.S. Treasury 35/8 % Notes,
maturing 2/15/62 $1,000.00
Cambridge Savings Bank, Book 179487
4,000.00
$ 5,000.00
310
ARLINGTON TOWN REPORT
E. NELSON BLAKE JR. MEMORIAL FUND 1957
Principal of Fund $ 3,000.00
Receipts
Interest on:
Series G Bonds $25.00
Arlington 5¢ Savings Bank 1.77
Cambridge Savings Bank 78.54
U.S. Treasury Notes
10.61
Income from purchase of Notes as shown below
.63
116.55
$ 3,116.55
Payments
Accrued Interest Cost on Note purchase
shown below
$
7.71
Paid Town for disbursement
108.84
116.55
$ 3,000.00
Investment Transactions in 1957
1M U.S. Treasury Series G Bonds matured 7/1/57 Proceeds reinvested in U.S. Treasury 3 5/8 % Notes due 2/15/62
and balance deposited in Arlington 5¢ Savings Bank.
Investments
1M U.S. Treasury 35/8 % Notes,
maturing 2/15/62 $1,000.00
Cambridge Savings Bank, Book 179490
2,000.00
$ 3,000.00
EDWARD P. CLARK, Chmn. WALTER T. CHAMBERLAIN ERNEST L. PARSONS Trustees
FRANCIS A. COUGHLIN, Town Treasurer CARMEN T. FORITANO, Town Accountant
311
TRUST AND INVESTMENT FUNDS
Cemetery Funds
PERPETUAL CARE FUND 1957
Fund, January 1, 1957
$357,061.00
Received for Perpetual Care of Lots
18,302.00
Gain of Capital Assets
386.82
$375,749.82
Balance of Income, January 1, 1957
14,835.03
$390,584.85
Receipts
Interest on:
First National Bank Stock $ 347.75
National Shawmut Bank Stock
440.00
Arlington Cooperative Bank Shares 390.00
U.S. Treasury Series G Bonds
1,275.00
U.S. Treasury Series K Bonds
690.00
U.S. Treasury 21/2 % Bonds 56/58
60.00
U.S. Treasury 21/2 % Bonds 63/68
750.00
U.S. Treasury 2 1/2 % Bonds 64/69
125.00
U.S. Treasury 21/2 % Bonds 65/70
1,875.00
U.S. Treasury 21/2 % Bonds 66/71
625.00
U.S. Treasury 21/2 % Bonds 67/72
157.50
Pacific Gas and Electric 3 % Bonds
150.00
Arlington 5¢ Savings Bank
565.45
Boston 5¢ Savings Bank
208.11
Cambridge Savings Bank
3,018.32
Charlestown Savings Bank
287.04
North Avenue Savings Bank
519.11
Provident Institution for Savings
233.59
11,716.87
$402,301.72
Payments
Premium on Bonds purchased
July 15, 1957 $ 153.30
Accrued Interest on Bonds purchased July 15, 1957
38.79
Box Rent
9.00
Paid Town for disbursement
11,515.78
11,716.87
$390,584.85
312
ARLINGTON TOWN REPORT
INVESTMENT TRANSACTIONS IN 1957 21M U.S. Treasury Series G Bonds matured July 1, 1957 Proceeds invested in So. California Edison Bonds
Investments
U.S. Treasury 21/2 % Bonds 64-69 5,000.00
U.S. Treasury 2 1/2 % Bonds 56-58 2,400.00
U.S. Treasury 2 1/2 % 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 66-71 25,000.00
U.S. Treasury Series G Bonds 212 % 30,000.00
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 25,959.33
Boston 5¢ Savings Bank, Book 1039471 6,816.55
Cambridge Savings Bank, Book 159502 78,044.53
Charlestown Savings Bank, Book 253796 9,401.40 North Avenue Savings Bank, Book 78733 .. 16,363.53 Provident Institution for Savings, Book 603700 7,774.51
Arlington Cooperative Bank Shares 12,000.00
Southern California Edison Bonds 4 34 % due 7/1/82 21,000.00
$390,584.85
SAMUEL C. BUCKNAM CEMETERY FUND 1957
Principal of Fund $ 2,000.00
Income Account
Balance Income January 1, 1957 Interest on:
541.40
Series G Bonds $25.00
U.S. Treasury 3 14 % Bonds 65.00
Arlington 5¢ Savings Bank 17.80
Income from purchase of Bonds at discount
as shown below 31.79
139.59
$ 2,680.99
Investment Transaction in 1957
2M Series G Bonds matured January 1, 1957 Proceeds reinvested in U.S. Treasury 3 14 % Bonds and balance deposited in Arlington 5¢ Savings Bank
Investments
U.S. Treasury 3 1/4 % Bonds, maturing 6/15/83-78 $2,000.00 Arlington 5¢ Savings Bank, Book 12248 680.99
Fund and Accumulated Income, December 31, 1957
$ 2,680.99
313
TRUST AND INVESTMENT FUNDS
ROBBINS CEMETERY FUND 1957
Principal of Fund
$ 5,000.00
Income Account
1,796.44
Balance Income, January 1, 1957 Interest on:
Series G Bonds $ 62.50
U.S. Treasury 3 14 % Bonds 162.50
Arlington 5¢ Savings Bank 57.97
Income from purchase of Bonds at discount
as shown below 79.46
362.43
$ 7,158.87
Investment Transactions in 1957
5M U.S. Treasury Series G Bonds matured January 1 Proceeds reinvested in U.S. Treasury 3 1/4 % Bonds and balance deposited in Arlington 5¢ Savings Bank Investments
U.S. Treasury 3 1/4 % Bonds
maturing 6/15/83-78 $5,000.00
Arlington 5¢ Savings Bank, Book 6758 2,158.87
Fund and Accumulated Income, December 31, 1957
$ 7,158.87
SOLDIERS' MONUMENT FUND 1957
Principal of Fund $ 2,000.00
Income Account
Balance of Income, January 1, 1957
1,002.06
Interest on:
Series G Bonds $25.00
U.S. Treasury 3 14 % Bonds 65.00
Arlington 5¢ Savings Bank 31.79
Income from purchase of Bonds at discount
as shown below 31.79
153.58
Investment Transactions in 1957
2M U.S. Treasury Series G Bonds matured January 1 Proceeds reinvested in U.S. Treasury 3 1/4 % Bonds and balance deposited in Arlington 5¢ Savings Bank Investments
U.S. Treasury 3 1/4 % Bonds,
maturing 6/15/83-78 $2,000.00
Arlington 5¢ Savings Bank, Book 6977 1,155.64
$ 3,155.64
Fund and Accumulated Income, December 31, 1957 $ 3,155.64 JOHN R. KEEFE, Chmn. JOHN H. CALLAHAN ARTHUR L. MCAVOY Commissioners
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