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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