Town of Arlington annual report 1958, Part 25

Author: Arlington (Mass.)
Publication date: 1958
Publisher:
Number of Pages: 414


USA > Massachusetts > Middlesex County > Arlington > Town of Arlington annual report 1958 > Part 25


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$ 52,488.13


Meters - Care, Repairs & Reading


30,752.88


Shop


4,900.75


Tools & Equipment


3,336.70


Hydrants & Gates - Care & Repair


14,097.18


Mains - Care & Repair


10,157.64


Calgon Chamber


1,475.99


* Reservoir & Great Meadows


2,291.94


General Expense


19,253.54


$138,754.75


*$1,066.85 Expended for purification purposes.


** Stock, $4,995.63; Holidays, $2,997.73; Sick Leave, $5,609.28; Vacations, $5,392.54; Miscellaneous, $258.36.


CAPITAL OUTLAY METERS


Balance 1/1/58


$ 2,069.71 18,576.00


Appropriation


$20,645.71


Expenditure 1958


19,849.69


Balance - 12/31/58


$ 796.02


299


DEPARTMENT OF PUBLIC WORKS


GATE OPERATORS


Appropriation


$. 1,850.00


Expenditure 1958


1,844.75


Balance 12/31/58


5.25


EXTENSION OF SERVICES - HOUSE CONNECTIONS


Appropriation 1958


Labor


$ 7,000.00


Expenses


10,500.00


$17,500.00


Article #21


250.50


$17,750.50


Expenditure 1958


Labor


5,310.08


Expenses


12,338.34


$17,648.42


Balance 12/31/58


$ 102.08


* Bills


6,001.68


Extension of Services


11,470.79


** General Expense


175.95


$17,648.42


*Installation on private property-Reverts to Town Treasury ** Holidays


ARTICLE #42


Balance 1/1/58


$16,011.25


Appropriation


30,000.00


Article #21


551.11


$46,562.36


Expenditure 1958


Labor


$15,162.91


Expenses


24,226.24


$39,389.15


Balance 12/31/58


$ 7,173.21


IMPROVEMENT OF VOLUMES & PRESSURES


Cleaning Mains


$22,563.85


Replace & Repair Hydrants


8,655.55


Install Gates - Broadway


1,280.64


Beck Road


3,160.82


Highland Fire Station


221.57


Relief Valve - Mystic St.


190.48


Linden Street


2,778.02


*General Expense


538.22


$39,389.15


WATER EXTENSIONS


TABLE VIII


Balance brought forward $ 4,975.69


Appropriation 37,000.00


Article #21


300.61


$42,276.30


Expenditure


26,807.36


Balance, December 31, 1958


$15,468.94


EXTENSION OF HIGH SERVICE SYSTEM


DESCRIPTION


Size of | Pipe in Inches


Length in Feet


Hydrants


Gates


Total Cost


3 Appleton Place


8


368


1


1


3 Brattle Terrace, from existing main easterly


2 Christine Road, entire length


8


227


1


2


$ 1,558.48 S


5 Dothan Street, end of existing main northeasterly


8


39


2 Gay Street, started in 1957


8


143


1


S


3 Gorham Street


2 Greenwood Road, from Ridge Street southerly


8


264


1


2


1,382.73 S


8


546


1


3


2,808.55 S


2 Hemlock Street, northwesterly at Dickson Avenue Hemlock Street, from Yerxa in 1957)


6


344


1


1


767.17 S


8


77


1


1


920.94 S


6


3)


8


98)


8


165


1,180.33


Overlook Road, for Tower Road tie-in


8


20


2


890.25


3 Reservoir Road, from existing main northwesterly


8


33


1


S


2 Seminole Avenue, entire length (started in 1957) ..


8


650


2


3,004.61 S


8


562


3


6


2,188.60 S


8


166


2,146.17 S


8


184


709.22 S


8


103


1


884.64 S


2 Tower Road, furnish and install two hydrants


8


722


2


4


540.13


8


189


3


8


516.27


8


121


1


1,201.65 S


1


2


515.19


1


5,324


19


39


23,827.40


..


.....


..


....


..


2 Janet Road, from Hemlock Street northeasterly Kipling Road, from present end southerly


..


.. . . ...


4 Linden Street, from existing end to Cliff Street ...


Mountain Avenue, from present end to Washington Street ....


238.86


1 Private Line to Winchester Country Club Private Lands from Tomahawk Road to Ridge Street


....


4


300


1


2


911.06 S


2 Stowecroft Road, from end of existing main northeasterly ...


2 Tomahawk Road (started in 1957) Tomahawk Road Outlet (started in 1957) . Tomahawk Road Outlet (started in 1957) Tower Road, from Greeley Circle to rear of property line of Developer


.....


·


2 Udine Street, from old end northeasterly Washington Street (started in 1957)


2 Washington Street Outlet (started in 1957)


2 Wilbur Avenue, from Appleton Street to Williams Street (started in 1957) Wollaston Avenue


Total High Service System


300


ARLINGTON TOWN REPORT


1


877.04 S


Road to Dickson Avenue (started


584.34 S


S


1.17


(Carried forward to 1959)


EXTENSION OF LOW SERVICE SYSTEM


Broadway and Palmer Street, connect with Metropolitan Main ...


8


276


2,318.13


1


1


1


235.24


Total Low Service System


276


3


2,553.37


RENEWAL OF HIGH SERVICE SYSTEM


4 Beck Road, from Forest Street southeasterly Senior High School, relay


8


276


1


2


6)


300)


8)


299)


2,217.13


Senior High School, relay and install hydrant


6)


21)


8)


200)


1


1,248.13


Total Renewal of High Service System .


1,096


2


2


$3,465.26


RENEWAL OF LOW SERVICE SYSTEM


4 Prescott Street


1


1


Total Renewal of Low Service System


1


1


* General Expense


Cr. 3,038.67


Totals


Extended Renewed


5,600


19


- 42


$26,807.36


1,096


3


3


1. Installed under House Connection Appropriation


2. Installed by Developer and Town


3. Installed in connection with 1958 Street Construction


4. Installed under "Volumes & Pressures" Appropriation


5. Installed by Developer * Stock, Cr. $4,350.28; Miscellaneous, $1,105.20; Holiday, $206.41. "S" indicates Sewer in same trench.


301


DEPARTMENT OF PUBLIC WORKS


4 Broadway, Install gate near Palmer Street


4 Broadway, Install gate near Webster Street . Mystic Street, at Chestnut Street, install gate on low service


TABLE IX WATER MAINS IN SERVICE 1/1/58


LOW SERVICE SYSTEM'


HIGH SERVICE SYSTEM


RESERVOIR SYSTEM


Size


Cast Iron Pipe


Transite Pipe


Cast Iron Pipe


Transite Pipe


Cement and Cast Iron Pipe


Transite Pipe


Inches


Length in feet


Hy- drants Gates


Length] in feet


Hy- drants


Gates


Length in feet


Hy- drants


Gates


Length! in feet


Hy- drants Gates


Length in feet


Hy- drants Gates


Length in feet


Ну- drants Gates


16


2388


1/2


7339


39004


7919


1976


10


16497


2737


23554


12190


270


8


41374


35435


108208


70172


2156


6


102258


805


146692


1615


4175


5196


4


160


578


220


Totals | 167468


438


907 |38977


320006


815


2010|82474


8797


10


25


5196


-


Total length of mains in service January 1, 1959 - 622,918 feet or 117.97 miles.


Total number of gates in service January 1, 1959 - 2,942


Total number of hydrants in service January 1, 1959 - 1,263


303


DEPARTMENT OF PUBLIC WORKS


WATER DIVISION Receipts for Water Consumed


Year


1949


$181,890.59


1950


203,029.48


1951


200,029.08


1952


212,670.61


1953


223,759.82


1954


244,397.67


1955


305,112.53


1956


296,800.60


1957


327,058.39


1958


310,085.52


Percentage of receipts from metered water, 93.87 %


WATER RATES COMMITTED DURING 1958


January 1


$ 30,958.56


February 1


21,372.96


March 1


21,411.15


April 1


27,621.01


May 1


20,051.82


June 1


22,279.68


July 1


30,947.99


August 1


24,897.55


September


29,543.79


October 1


35,031.45


November 1


22,933.15


December 1


25,535.97


$312,584.68


VALUE OF WATER FURNISHED FREE TO TOWN DEPARTMENTS


School


$ 3,357.17


Selectmen


2,868.77


Cemetery


1,593.50


Library


120.05


Park


2,086.37


Public Works


2,198.25


$ 12,224.11


1958 EXPENDITURES


Water Maintenance


$138,754.75


House Connections


17,648.42


Capital Outlay


21,694.44


Water Extensions


26,807.36


* Metropolitan Assessment


142,449.12


Article #42


39,389.15


$386,743.24


*Payment in 1958 for consumption of 1,780,614,000 gallons in 1957 @ $80.00 per one million gallons.


Payment in 1959 will be $133,528.58 for consumption of 1,669,107,200 gallons in 1958 @ $80.00 per one million gallons.


304


ARLINGTON TOWN REPORT


*1958 RECEIPTS


Rates


$310,085.52


Liens added to taxes 5,254.40


House Connections


7,715.96


Construction


5,510.01


Miscellaneous


679.75


$329,245.64


UNPAID DECEMBER 31,1958


Rates


$ 20,352.41


Liens added to taxes 602.18


$ 20,954.59


*Includes rates committed in 1957


TABLE X CONSTRUCTION OF WAYS (1956)


Balance brought forward $15,486.50


Expenditure 1,812.52


Balance, December 31, 1958


$13,673.98


(Carried forward to 1959)


CONSTRUCTION OF WAYS (1955)


Balance brought forward $37,148.71


Expenditure 203.22


Balance, December 31, 1958


$36,945.49


(Carried forward to 1959)


CONSTRUCTION OF WAYS (1954)


Balance brought forward $29,924.60


Expenditure


0


Balance, December 31, 1958


$29,924.60


(Carried forward to 1959)


CONSTRUCTION OF WAYS (1953)


Balance brought forward $ 8,798.10


Expenditure 0


Balance, December 31, 1958 $ 8,798.10 (Carried forward to 1959)


305


DEPARTMENT OF PUBLIC WORKS


CONSTRUCTION OF WAYS (1952)


Balance brought forward $ 2,000.00


Expenditure 0


Balance, December 31, 1958 $ 2,000.00


(Carried forward to 1959)


CONSTRUCTION OF WAYS (1951)


Balance brought forward $ 2,000.00


Expenditure 0 -


Balance, December 31, 1958 $ 2,000.00 (Carried forward to 1959)


EASEMENTS IN LAND (1958)


Appropriation $ 800.00


Expenditure 0


Balance, December 31, 1958


(Carried forward to 1959) $ 800.00


EASEMENTS IN LAND (1957)


Balance brought forward $ 800.00


Expenditure 0


Balance, December 31, 1958 $ 800.00


(Carried forward to 1959)


EASEMENTS IN LAND (1956)


Balance brought forward $ 800.00


Expenditure


0


Balance, December 31, 1958 $ 800.00


(Carried forward to 1959)


EASEMENTS IN LAND (1955)


Balance brought forward $ 800.00


Expenditure


0


Balance, December 31, 1958 $ 800.00


(Carried forward to 1959)


EASEMENTS IN LAND (1954)


Balance brought forward $ 800.00


Expenditure


0


Balance, December 31, 1958


$ 800.00 (Carried forward to 1959)


:306


ARLINGTON TOWN REPORT


RECONSTRUCTION OF CERTAIN STREETS CHAPTER 718 -1956 (1957)


(RECONSTRUCTION OF ANY OR ALL PARTS OF THE FOLLOW- ING STREETS OR WAYS WITHIN THE TOWN, HILLSIDE AVENUE, FLORENCE AVENUE, ACTON STREET, GRAY STREET, PARK AVENUE EXTENSION AND PARK CIRCLE (Article 60-1957)


Balance brought forward $


336.42


Expenditure


0


Balance, December 31, 1958 $ 336.42 (Carried forward to 1959)


RECONSTRUCTION OF STREETS - CHAPTER 90 (1956)


(RELOCATION, ALTERATION AND WIDENING, CONSTRUCTION OF, SPECIFIC REPAIRS UPON AND IMPROVEMENT OF ALL OR ANY PARTS OF MASSACHUSETTS AVENUE, BETWEEN CAM- BRIDGE AND LEXINGTON)


Balance brought forward $ 5,801.07 Expenditure 0


Balance, December 31, 1958


$ 5,801.07


(Carried forward to 1959)


RECONSTRUCTION OF STREETS - CHAPTER 90 (1953)


(RELOCATION, ALTERATION AND WIDENING, CONSTRUCTION OF, SPECIFIC REPAIRS UPON AND IMPROVEMENT OF ALL OR ANY PART OF MASSACHUSETTS AVE. OR' SUMMER ST.)


Balance brought forward $


650.88


Expenditure 0


Balance, December 31, 1958 $ 650.88 (Carried forward to 1959)


RECONSTRUCTION OF STREETS - CHAPTER 90 (1952)


(RELOCATION, ALTERATION AND WIDENING, CONSTRUCTION OF SPECIFIC REPAIRS UPON AND IMPROVEMENT OF ALL OR ANY PART OF MASSACHUSETTS AVENUE, MEDFORD STREET AND PLEASANT STREET)


Balance brought forward $ 64.49


Expenditure


0


Balance, December 31, 1958


$ 64.49 (Carried forward to 1959)


307


DEPARTMENT OF PUBLIC WORKS


SIDEWALKS AND EDGESTONES


Appropriation


$25,000.00


Credit from Article #21


450.91


Balance brought forward


133.91


$25,584.82


Expenditure


25,565.04


Balance, December 31, 1958


$ 19.78.


(Carried forward to 1959)


ALTERATIONS - RUSSELL STREET (Article 61-1955)


Balance brought forward


$ 1,446.22


Expenditure


0


Balance, December 31, 1958


$ 1,446.22


(Carried forward to 1959)


I wish to express my sincere thanks to all employees of the Department of Public Works for their co-operation throughout the year.


I wish to take this opportunity to express my sincere apprecia- tion to the Town Manager; the Board of Selectmen; the various Boards, Trustees and Commissioners of the Town and Department heads and to my staff for their co-operation throughout the year.


Respectfully submitted,


FRANCIS N. O'HARA


Superintendent of Public Works


:308


ARLINGTON TOWN REPORT


Report of the Trustees Of The Elbridge Farmer Fund 1958


INCOME ACCOUNT


Undistributed Income - Balance 12/31/57 $ 2.19


Arlington Cooperative Bank


260.00


Boston Five Cents Savings Bank


97.50


Cambridge Savings Bank 302.20


Cambridgeport Savings Bank


406.25


Harvard Trust Company - Account A2992


17.78


Provident Institution for Savings


81.84


Suffolk-Franklin Savings Bank


171.68


Chicago, Burlington & Quincy RR Equipment Trust


375.00


Southern Railway Equipment Trust


187.50


$ 1,901.94


DISBURSEMENTS


Harvard Trust Company - Safe Deposit Box Rent $ 6.60


Town of Arlington - Elbridge Farmer Fund for benefit of Robbins Library 1,890.00


$ 1,896.60


Balance - Undistributed Income - 12/31/58


Harvard Trust Company, Savings Account A2992 .... 5.34


$ 1,901.94


INVESTMENT ACCOUNT -12/31/58


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 Equipment Trust, 3 34 s 9/1/63


5,000.00


$5000 Chicago, Burlington & Quincy RR Equipment


Trust, , 3 34 s 9/1/66


5,000.00


$5000 Southern Railway Equipment Trust,


3 34 $ 1/15/66


4,981.30


$ 53,082.45


Everett C. Bryant Edward P. Clark Edmund L. Frost Francis Keefe Gardner C. Porter Arthur O. Yeames Trustees


309


TRUST AND INVESTMENT FUNDS


Library Funds ROBBINS LIBRARY ART FUND 1958


Principal of Fund


$ 25,000.00


Gain of Capital Assets


1,770.04


Accumulated Income


15,321.28


$ 42,091.32


Receipts


Interest on:


Series B Bonds


$440.00


First National Bank Stock


720.25


Arlington 5¢ Savings Bank


73.38


North Avenue Savings Bank


97.50


Arlington Cooperative Bank Shares


325.00


1,656.13


Payments


As per Vouchers on file


1,503.89


Investments


16M U. S. Treasury 2 34 % 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 5¢ Savings Bank, Book 20095


2,484.55


North Avenue Savings Bank, Book 78755


3,000.00


Harvard Trust Checking Account


449.01


$ 42,243.56


ROBBINS PRINT FUND 1958


Principal of Fund


$ 30,000.00


Balance of Income, December 31, 1957


6,099.46


$ 36,099.46


Receipts


Interest on:


Series G Bonds


$650.00


Arlington 5¢ Savings Bank


310.46


960.46


Fund and Accumulated Income, December 31, 1958


$ 37,059.92


Investments


26M U. S. Treasury Series G Bonds 21/2%, maturing 10/1/62 $26,000.00


Arlington 5¢ Savings Bank, Book 200162


11,059.92


$ 37,059.92


$ 43,747.45


$ 42,243.56


310


ARLINGTON TOWN REPORT


HENRY MOTT LIBRARY FUND 1958


Principal of Fund $ 5,200.00


Gain of Capital Assets


225.00


Balance of Income, December 31, 1957


1,209.56


$ 6,634.56


Receipts


Interest on:


Series G Bonds


$125.00


Arlington 5¢ Savings Bank


49.89


174.89


Fund and Accumulated Income, December 31, 1958


$


6,809.45


Investment Transaction in 1958 5 M U. S. Treasury Series G Bonds matured November 1


5 M U. S. Treasury Bills purchased with proceeds and balance deposited in Arlington 5¢ Savings Bank


Investments


5M U. S. Treasury Bills, maturing 1/29/59 $4,975.84


Arlington 5¢ Savings Bank, Book 15101


1,833.61


$


6,809.45


E. NELSON BLAKE LIBRARY FUND


1958


Principal of Fund $ 4,000.00


Gain of Capital Assets


696.57


$ 4,696.57


Balance Income, December 31, 1957


1,120.44


Receipts $ 5,817.01


Interest on:


Arlington Cooperative Bank Shares $130.00


Arlington 5¢ Savings Bank 55.92


185.92


Fund and Accumulated Income, December 31, 1958


$


6,002.93


Investments


20 Arlington Cooperative Bank Shares #4438


$4,000.00


Arlington 5¢ Savings Bank, Book 52201


2,002.93


$ 6,002.93


$ 5,425.00


311


TRUST AND INVESTMENT FUNDS


EMMA L. SPRAGUE LIBRARY FUND 1958


Principal of Fund $ 17,938.48


Balance Income, December 31, 1957


... 4,076.13


$ 22,014.61


Receipts


Interest on:


Series G Bonds


$375.00


Charlestown Savings Bank


232.87


607.87


Fund and Accumulated Income, December 31, 1958


$ 22,622.48


Investments


15M U. S. Treasury Series G Bonds 21/2 %, maturing 4/1/61


$15,000.00 Charlestown Savings Bank, Book 253395 7,622.48


$ 22,622.48


FRANCIS E THOMPSON LIBRARY FUND


1958


Principal of Fund


$ 8,181.54


Balance of Income, December 31, 1957


1,916.39


$ 10,097.93


Receipts


Interest on:


Series G Bonds


$ 50.00


Arlington 5¢ Savings Bank


65.56


Arlington Cooperative Bank


195.00


310.56


Fund and Accumulated Income, December 31, 1958


$ 10,408.49


Investments


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


maturing 1/1/62


$2,000.00


30 Arlington Cooperative Bank Shares, Account #4436 6,000.00


Arlington 5¢ Savings Bank, Book 64753 2,408.49


$ 10,408.49


312


ARLINGTON TOWN REPORT


SARAH ROSS VAUGHN MEMORIAL FUND 1958


Principal of Fund


$


1,000.00


Balance of Income, December 31, 1957


231.23.


$


1,231.23.


Receipts


Interest on Arlington Cooperative Bank


40.49


Fund and Accumulated Income, December 31, 1958


$


1,271.72


Investment


Arlington Cooperative Bank,


Savings Share Account


#T417


$


1,271.72


M. HELEN TEELE LIBRARY FUND


1958


Principal of Fund


$


1,000.00


Balance of Income, December 31, 1957


191.24


Receipts $ 1,191.24


Interest on:


Series G Bonds


$25.00


Arlington 5¢ Savings Bank


5.86


30.86


Fund and Accumulated Income, December 31, 1958


$


1,222.10


Investments


1M U. S. Treasury Series G Bonds 21/2%,


maturing 11/1/62 $1,000.00


Arlington 5¢ Savings Bank, Book 201472


222.10


1,222.10


$


TIMOTHY WELLINGTON LIBRARY FUND


1958


Principal of Fund $ 100.00


Receipts


Interest on Arlington 5¢ Savings Bank


3.05


No Payments $ 103.05


Arlington 5¢ Savings Bank, Book 15103


Investments $ 103.05


Fund and Accumulated Income, December 31, 1958


$


103.05


313


TRUST AND INVESTMENT FUNDS


ELLEN W. HODGDON LIBRARY FUND


1958


Principal of Fund


$


1,000.00


Receipts


Interest on:


Arlington 5¢ Savings Bank $ .38


Arlington Cooperative Bank


32.52


32.90


$


1,032.90


No Payments


Investments


5 Arlington Cooperative Bank Shares,


Account #4437


$1,000.00


Arlington 5¢ Savings Bank, Book 45368


32.90


Fund and Accumulated Income, December 31, 1958


$


1,032.90


CHILDREN'S BOOK FUND


1958


Principal of Fund $ 5,000.00


Gain of Capital Assets 882.24


$ 5,882.24


Receipts


Interest on:


First National Bank Stock ... $448.90


Arlington 5e Savings Bank 23.57


472.47


$ 6,354.71


No Payments Investments


9 Shares First National Bank Stock $ 450.00 125 Shares First National Bank Stock 4,950.00


Arlington 5¢ Savings Bank, Book 57012 954.71


Fund and Accumulated Income, December 31, 1958


..... $


6,354.71


314


ARLINGTON TOWN REPORT


DEXTER RAWSON FAY LIBRARY FUND


1958


Principal of Fund


$


1,741.60


Receipts


Interest on:


Arlington Cooperative Bank $52.00


Arlington 5¢ Savings Bank 5.06


57.06


$ 1,798.66


No Payments


Investments


8 Arlington Cooperative Bank Shares,


Account #B1333


$1,600.00


Arlington 5¢ Savings Bank, Book 51672


198.66


Fund and Accumulated Income, December 31, 1958


$


1,798.66


LOUISE GRUBER LIBRARY FUND


1958


Principal of Fund $ 2,000.00


Receipts


Interest on North Avenue Savings Bank


65.52


$ 2,065.52


No Payments


Investments


North Avenue Savings Bank, Book 79392 $ 2,065.52


Fund and Accumulated Income, December 31, 1958 $ 2,065.52


Molly F. Yood, Chmn. Robert J. Brosnan Hugh A. Mallon Jr. Margaret H. Spengler J. Milton Wasburn Jr. Trustees


Francis A. Coughlin, Town Treasurer Carmen T. Foritano, Town Accountant


315


TRUST AND INVESTMENT FUNDS


ROBBINS HOUSE MAINTENANCE FUND


1958


Principal of Fund Receipts


$ 48,189.03


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


721.12


1,373.62


$ 49,562.65


Disbursements


Box Rent


$ 5.00


Paid Town for disbursement


1,368.62


1,373.62


$ 48,189.03


Investments


13M U. S. Treasury 21/2% Bonds 64/69


$13,000.00


5M U. S. Treasury 21/2% Bonds 65/70


5,000.00


7M U. S. Treasury 212% Bonds 67/72


7,000.00


1M U. S. Treasury 234 % Bonds 60/65


1,000.00


Cambridge Savings Bank, Book 164923


22,189.03


$ 48,189.03


Joseph P. Greeley, Chmn. Arthur D. Saul, Jr. Franklin W. Hurd Thomas R. Rawson Daniel J. Buckley, Jr. Selectmen


Francis A. Coughlin, Town Treasurer Carmen T. Foritano, Town Accountant


316


ARLINGTON TOWN REPORT


Selectmen's Funds


M. M. W. RUSSELL POOR WIDOWS' FUND 1958


Principal


of Fund


$


1,704.23


Interest on:


Receipts


Arlington 5¢ Savings Bank $ 6.52


U. S. Treasury 21/2% Bonds 37.50


44.02


$


1,748.25


Payments


Paid Town for Disbursement


44.02


Investments $ 1,704.23


U. S. Treasury 21/2% 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


1958


Principal of Fund


$


613.11


Receipts


Interest on:


Arlington 5¢ Savings Bank $ 3.56


U. S. Treasury 21/2% Bonds 12.50


16.06


$ 629.17


Paid Town for Disbursement


Payments


16.06


Investments $ 613.11


U. S. Treasury 21/2% Bonds,


maturing 12/15/68-63 $500.00


Arlington 5¢ Savings Bank, Book 15105


113.11


$ 613.11


TRUST AND INVESTMENT FUNDS


317


M. M. W. RUSSELL SCHOOL FUND 1958


Principal of Fund 5,327.86; $


Receipts


Interest on:


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


$137.50


Arlington 5¢ Savings Bank


6.11


143.61


$ 5,471.47


Payments


Paid Town for Disbursement


143.61


$ 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


1958


Principal of Fund


$


5,354.00'


Receipts


Interest on:


U. S. Treasury 212% Bonds


$137.50


Arlington 5¢ Savings Bank .... 6.91


144.41


$ 5,498.41


Payments


Paid Town for Disbursement


144.41


$ 5,354.00


Investments


U. S. Treasury 21/2% Bonds,


maturing 1968; cost $5,162.04


Arlington 5¢ Savings Bank, Book 15102


191.96


$ 5,354.00


318


ARLINGTON TOWN REPORT


ANNIE L. HILL POOR WIDOWS' FUND 1958


Principal of Fund Receipts


$


2,000.00


Interest on:


U. S. Treasury 21/2% Bonds $50.00


Arlington 5¢ Savings Bank .39


50.39


$


2,050.39


Payments


Paid Town for Disbursement


50.39


$


2,000.00


Investment


U. S. Treasury 21/2% Bonds, maturing 1968


$


2,000.00


MARIA L. HILL POOR WIDOWS' FUND


1958


Principal of Fund


$


2,000.00


Receipts


Interest on:


Series G Bonds


$50.00


Arlington 5¢ Savings Bank


.88


50.88


$


2,050.88


Paid Town for Disbursement 50.88


$


2,000.00


Investment


U. S. Treasury Series G. Bonds, maturing 2/1/59 $ 2,000.00


Payments


319


TRUST AND INVESTMENT FUNDS


EMMA L. SPRAGUE POOR WIDOWS' FUND


1958


Principal of Fund $ 17,938.47


Receipts


Interest on :


Charlestown Savings Bank


587.71


Payments


Paid Town for Disbursement


587.71


$ 17,938.47


Investment


Charlestown Savings Bank, Book 253396


$ 17,938.47


JULIA FILLEBROWN FUND


1958


Principal of Fund $ 100.00


Receipts


Interest on:


Arlington 5¢ Savings Bank


3.05


$


103.05


Paid Town for Disbursement


Payments


3.05


$ 100.00


Investment


Arlington 5¢ Savings Bank, Book 15841 $ 100.00


Joseph P. Greeley, Chmn. Arthur D. Saul, Jr. Franklin W. Hurd Thomas R. Rawson Daniel J. Buckley, Jr. Selectmen


Francis A. Coughlin, Town Treasurer Carmen T. Foritano, Town Accountant


$ 18,526.18


:320


ARLINGTON TOWN REPORT


Farmer Funds


EDWIN S. FARMER POOR WIDOWS' FUND


1958


Principal of Fund $ ... 5,000.00 ..


Receipts


Interest on:


U. S. Treasury 35/8 % Notes $ 36.26


Arlington 5¢ Savings Bank 3.01


Cambridge Savings Bank 130.00


169.27


$


5,169.27


Payments


Paid Town for


Disbursement


169.27


$


5,000.00


Investments


1M U. S. Treasury 35/8 % Notes,


due 2/15/62


$1,000.00


Cambridge Savings Bank, Book 179489 4,000.00


$ 5,000.00


321


TRUST AND INVESTMENT FUNDS


EDWIN S. FARMER RELIEF FUND


1958


Principal of Fund


$ 5,000.00


Gain of Capital Assets


145.00


$ 5,145.00


Receipts


Interest on:


Arlington 5¢ Savings Bank $ 7.16


Cambridge Savings Bank


97.48


Arlington Cooperative Bank Shares


65.00


169.64


$


5,314.64


Payments


Paid Town for Disbursement 169.64


$ 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


322


ARLINGTON TOWN REPORT


Francis E. Thompson Scholarship Fund


REPORT OF THE TRUSTEES - DECEMBER 31, 1958 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 Distrbution ) 799.53


$436,931.64


Gain on Sale of Capital Assets


3,772.50


$440,704.14


INVESTMENT OF CAPITAL FUNDS


U. S. Treasury 214% 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 21/2%, maturing 1959 26,000.00


U. S. Treasury 31/2% Notes due 1960


100,000.00


U. S. Treasury 25/8 % Notes due 1963 48,000.00


International Bank of Reconstruction and Development, maturing 1979 25,000.00


Arlington Five Cent Saving Bank 27,654.14


Arlington National Bank


50.00


$440,704.14


INCOME


Balance - December 31, 1957 $7,765.29


Refund of part scholarship granted in 1957 150.00


Interest received in 1958 on:


U. S. Treasury 21/4% Bonds 59/62 1,440.00


U. S. Treasury 212% Bonds 65/70 1,250.00


U. S. Treasury 2 34 % Bonds 75/80 2,750.00


U. S. Treasury Series G Bonds 1,900.00


U. S. Treasury 31/2% Notes 5/15/60 3,500.00


U. S. Treasury 25/8 % Notes due 2/15/63 424.66


International Bank of Reconstruction and Development 41/4%, maturing 1979 531.25


Arlington Five Cent Savings Bank 677.45


$ 20,388.65


323


TRUST AND INVESTMENT FUNDS


FWD. $ 20,388.65


Payments


Income disbursed from Fund for


scholarships in 1958 $11,900.00


Rent for safe deposit box


10.00


Accrued Interest on Notes purchased April 15, 1958


265.63


Premium paid on Notes purchased


April 15, 1958 500.00


12,675.63


Balance undistributed Income 12/31/58 * $ 7,713.02


INVESTMENT TRANSACTION IN 1958


10M U. S. Treasury Series G Bonds matured 1/1/58


90M, U. S. Treasury Series G Bonds matured 4/1/58 Reinvested in 48M U. S. Treasury 25/8 % Notes and 25M International Bank of Reconstruction and Development 41/4 % Bonds


Balance deposited in Arlington Five Cent 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 Treasurer Carmen T. Foritano, Town Accountant




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