USA > Massachusetts > Middlesex County > Arlington > Town of Arlington annual report 1959 > Part 28
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Investments
5M U.S. Treasury 4% Bonds,
maturing 2/15/80 $4,950.00
Arlington 5¢ Savings Bank, Book 15101
2,046.42
$ 6,996.42
334
ARLINGTON TOWN REPORT
E. NELSON BLAKE LIBRARY FUND 1959
Principal of Fund $ 4,000.00
696.57
Gain of Capital Assets
$ 4,696.57
Balance Income, December 31, 1958
1,306.36
Receipts $ 6,002.93
Interest on:
U.S. Treasury 4% Bonds $90.00
Arlington Cooperative Bank Shares 65.00
Arlington 5¢ Savings Bank 16.88
171.88
Fund and Accumulated Income, December 31, 1959
... $
6,174.81
Investment Transaction in 1959
Sold 10 Arlington Cooperative Bank Shares
Purchased 4M U.S. Treasury Bonds 4% 2/15/80 @99. with proceeds plus withdrawal from Arlington 5¢ Savings Bank Account.
Investments
4M U.S. Treasury 4% Bonds maturing
2/15/80, @ Cost $3,960.00
10 Arlington Cooperative Bank Shares
2,000.00
Arlington 5¢ Savings Bank, Book 52201
214.81
$ 6,174.81
EMMA L. SPRAGUE LIBRARY FUND 1959
Principal of Fund $ 17,938.48
Balance Income, December 31, 1958 4,684.00
Receipts
Interest on:
Series G Bonds $375.00
U.S. Treasury 4% Bonds 56.25
Charlestown Savings Bank 178.64
609.89
Fund and Accumulated Income, December 31, 1959 $ 23,232.37 Investment Transactions in 1959 Purchased 25C U.S. Treasury 4% Bonds @ 99. from Charlestown Savings Bank Account. Investments
15M U.S. Treasury Series G Bonds 2 1/2 %, maturing 4/1/61 $15,000.00 25C U.S. Treasury 4% Bonds maturing 2/15/80, @ Cost 2,475.00
Charlestown Savings Bank, Book 253395 5,757.37
$ 23,232.37
$ 22,622.48
335
TRUST AND INVESTMENT FUNDS
FRANCIS E. THOMPSON LIBRARY FUND 1959
Principal of Fund $ 8,181.54
Balance of Income, December 31, 1958
2,226.95
$ 10,408.49
Receipts
Interest on:
Series G Bonds $ 50.00
U.S. Treasury 4% Bonds 135.00
Arlington Cooperative Bank Shares 65.00
Arlington 5¢ Savings Bank
30.35
280.35
Fund and Accumulated Income, December 31, 1959
.$ 10,688.84
Investment Transactions in 1959 Sold 20 Arlington Cooperative Bank Shares Purchased 6M U.S. Treasury 4% Bonds @ 99. with proceeds from above plus withdrawal from Arl- ington 5¢ Savings Bank Account
Investments
2M U.S. Treasury Series G Bonds 2 1/2 %, maturing 1/1/62 $2,000.00
6M U.S. Treasury 4% Bonds, maturing 2/15/80, @ Cost 5,940.00
10 Arlington Cooperative Bank Shares
2,000.00
Arlington 5¢ Savings Bank, Book 64753
748.84
$ 10,688.84
SARAH ROSS VAUGHN MEMORIAL FUND 1959
Principal of Fund $ 1,000.00
Balance of Income, December 31, 1958
271.72
Receipts $ 1,271.72
Interest on:
Arlington Cooperative Bank $ 9.37
U.S. Treasury Bonds 22.50
31.87
Fund and Accumulated Income, December 31, 1959
$
1,303.59
Investment Transactions in 1959
Purchased 1M U.S. Treasury 4% Bonds @ 99. from Arlington Cooperative Bank Account.
Investments
1M U.S. Treasury 4% Bonds, at cost, maturing 2/15/80 $990.00
Arlington Cooperative Bank,
Savings Share Account #T417
313.59
$ 1,303.59
336
ARLINGTON TOWN REPORT
M. HELEN TEELE LIBRARY FUND 1959
Principal of Fund $ 1,000.00
Balance of Income, December 31, 1958
222.10
$ 1,222.10
Receipts
Interest on:
Series G Bonds
$25.00
Arlington 5¢ Savings Bank 6.81
31.81
Fund and Accumulated Income, December 31, 1959
....
$
1,253.91
Investments
1M U.S Treasury Series G Bonds 2 1/2 %
maturing 11/1/62 $1,000.00
Arlington 5¢ Savings Bank, Book 201472 ..
253.91
$
1,253.91
TIMOTHY WELLINGTON LIBRARY FUND 1959
Principal of Fund $ .. 100.00
Balance of Income, December 31, 1958
.. 3.05
$ 103.05
Interest on Arlington 5¢ Savings Bank
Receipts
3.11
$ 106.16
Investments
Arlington 5¢ Savings Bank, Book 15103
$ 106.16 Fund and Accumulated Income, December 31, 1959 $ 106.16
337
TRUST AND INVESTMENT FUNDS
ELLEN W. HODGDON LIBRARY FUND 1959
Principal of Fund $ 1,000.00
Balance of Income, December 31, 1958
32.90
$ 1,032.90
Receipts
Interest on:
Arlington 5¢ Savings Bank $ 1.20
U.S. Treasury 4% Bonds 22.50
23.70
$
1,056.60
Investment Transactions in 1959
Sold 5 Arlington Cooperative Bank Shares Purchased 1M U.S. Treasury 4% Bonds @ 99.
Balance deposited in Arlington 5¢ Savings Bank Account
Investments
1M U.S. Treasury 4% Bonds, maturing
2/15/80, @ Cost
$990.00
Arlington 5¢ Savings Bank, Book 45368 66.60
Fund and Accumulated Income, December 31, 1959
.. $
1,056.60
CHILDREN'S BOOK FUND 1959
Principal of Fund $ 5,000.00
882.24
Balance of Income, December 31, 1958
472.47
$ 6,354.71
Receipts
Interest on:
First National Bank Stock
475.70
Arlington 5¢ Savings Bank 24.37
500.07
Gain of Capital Assets in sale of First National Bank
Stock
$ 7,508.61
$ 14,363.39
Payments
Bills as per Vouchers on file
485.06
Accrued Interest on Notes purchased 61.07
546.13
$ 13,817.26
Gain of Capital Assets
$ 5,882.24
338
ARLINGTON TOWN REPORT
INVESTMENT TRANSACTIONS 1959
Sold 134 Shares First National Bank Stock @ 97. less tax and broker's commission
Purchased 12M U.S. Treasury 47/8 % Notes, 11/15/63 @ 99 24/32 plus accrued interest with proceeds Balance deposited in Arlington 5¢ Savings Bank
Investments
12M U.S. Treasury 47/8 % Notes,
11/15/63 @ Cost
$11,970.00
Arlington 5¢ Savings Bank, Book 57012.
1,847.26
$ 13,817.26
DEXTER RAWSON FAY LIBRARY FUND 1959
Principal of Fund $ 1,741.60
Balance of Income, December 31, 1958 .. 57.06
$ 1,798.66
Receipts
Interest on:
Arlington 5¢ Savings Bank
$ 8.36
U.S. Treasury 4% Bonds 33.75
42.11
$
1,840.77
Investment Transactions in 1959
Sold 8 Arlington Cooperative Bank Shares Purchased 15C U.S. Treasury 4% Bonds @ 99.
Balance deposited in Arlington 5¢ Savings Bank Account
Investments
15C U.S. Treasury 4% Bonds, maturing
2/15/80 @ Cost
$1,485.00
Arlington 5¢ Savings Bank, Book 51672
355.77
Fund and Accumulated Income, December 31, 1959
..
$
1,840.77
339;
TRUST AND INVESTMENT FUNDS
LOUISE GRUBER LIBRARY FUND 1959
Principal of Fund
$ 2,000.00
Balance of Income, December 31, 1958
.. 65.52
$ 2,065.52
Receipts
Interest on:
U.S. Treasury 4% Bonds
$45.00
No. Avenue Savings Bank 3.02
48.02
$
2,113.54
Investment Transactions in 1959 Purchased 2M U.S. Treasury 4% Bonds @ 99. from North Avenue Savings Bank Account
Investments
2M U.S. Treasury 4% Bonds, maturing
2/15/80 Cost $1,980.00
North Avenue Savings Bank, Book 79392 ..
133.54
Fund and Accumulated Income, December 31, 1959
$
2,113.54
NATHAN PRATT LIBRARY FUND 1959
Principal of Fund
Receipts $ 10,000.00
Interest on:
U.S. Treasury 3 58 % Notes $ 45.51
U.S. Treasury 4% Bonds 225.00
Arlington 5¢ Savings Bank 4.23
Cambridge Savings Bank
60.48
335.22:
$ 10,335.22
Payments
Discount on Notes Sold 1/23/59
$3.75
Box Rent 5.00
8.75
$ 10,326.47
Investment Transactions in 1959 Sold 3M U.S. Treasury 35/8 % Notes @ 99.875
Purchased 10M U.S. Treasury 4% Bonds @ 99. with proceeds from above plus withdrawal from Cam- bridge Savings Bank
Investments
10M U.S. Treasury Bonds 4%, maturing
2/15/80 @ cost $9,900.00
Cambridge Savings Bank, Book 179488 ... 141.76
Arlington 5¢ Savings Bank, Book 40850 ... 284.71
$ 10,326.47
340
ARLINGTON TOWN REPORT
HENRY E. DODGE LIBRARY FUND 1959
Principal of Fund .. $ 2,000.00 (Gift accepted by 1959 Annual Town Meeting and remitted by the executrix later in the year.)
Investments
2M U.S. Treasury Bills due 6/16/60
@ cost (97.556) $1,951.12 Arlington 5¢ Savings Bank, Book 217305 48.88
$
2,000.00
MOLLY F. YOOD, Chmn. ROBERT J. BROSNAN HUGH A. MALLON, JR.
MARGARET H. SPENGLER J. MILTON WASHBURN, JR. Board of Library Trustees
FRANCIS A. COUGHLIN, Town Treasurer CARMEN T. FORITANO, Town Accountant
341
TRUST AND INVESTMENT FUNDS
Cemetery Funds
PERPETUAL CARE FUND 1959
Fund, January 1, 1959
$394,386.00
Received for Perpetual Care of Lots
15,412.00
Gain of Capital Assets
386.82
$410,184.82
Balance of Income, January 1, 1959
14,835.03
$425,019.85
Receipts
Interest on:
First National Bank Stock $ 379.85
National Shawmut Bank Stock 450.00
U.S. Treasury Series G Bonds
735.00
U.S. Treasury Series K Bonds
690.00
U.S. Treasury 21/2 % Bonds 63/68
750.00
U.S. Treasury 21/2 % 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
U.S. Treasury 4% Bonds 2/15/80
1,012.50
So. California Edison Bonds
997.50
Pacific Gas and Electric 3 % Bonds
150.00
American Tel. and Tel. Bonds
968.75
Arlington 5¢ Savings Bank
361.42
Boston 5¢ Savings Bank
239.58
Cambridge Savings Bank
2,755.25
Charlestown Savings Bank
330.44
North Avenue Savings Bank
576.47
Provident Institution for Savings
269.31
13,448.57
$438,468.42
Payments
Accrued Interest on Bonds purchased $ 1.96
Box Rent
9.00
Accrued Interest on Notes purchased
60.00
Discount on Bonds Sold
9.00
Paid Town for disbursement
13,368.61
13,448.57
$425,019.85
342
ARLINGTON TOWN REPORT
Investment Transactions in 1959
15M U.S. Treasury Series G Bonds matured January 1, 1959 Sold 60 Arlington Cooperative Bank Shares
Withdrew $18,000. from Arlington 5¢ Savings Bank Purchased 39M U.S. Treasury 4% Bonds @ 99. Purchased 6M U.S. Treasury 4% Bonds @ 98.6875 plus accrued interest
Balanced deposited in Arlington 5¢ Savings Bank
Exchanged 15M U.S. Treasury Series G Bonds 1/1/60 @ 99.94 plus accrued interest for 15M U.S. Treasury 4 34 % Notes 5/15/64 @ 99.75 plus accrued interest.
Investments
30M U.S. Treas. 21/2 % Bonds m
6/15/63 - 68
$30,000.00
5M U.S. Treasury 2 1/2 % Bonds m
6/15/64 - 69 5,000.00
75M U.S. Treasury 21/2 % Bonds m
3/15/65 - 70 75,000.00
25M U.S. Treasury 21/2 % Bonds m 3/15/66 - . 71 25,000.00
63C U.S. Treasury 21/2 % Bonds m 3/15/67 - 72
6,300.00
15M U.S. Treasury 4 34 % Notes 5/15/64 @ cost 14,962.50
25M U.S. Treasury Series K Bonds m 1/1/66
25,000.00
45M U.S. Treasury 4% Bonds m 2/15/80 @ cost 44,531.25
5M Pacific Gas & Electric Bonds 1970 5,000.00
100 First National Bank Shares 4,175.00
7 First National Bank Shares, dist. at par 350.00
200 National Shawmut Bank Shares 5,000.00
25M American Tel. & Tel. Bonds 7/1/90
25,000.00
21M So. California Edison Bonds 7/1/82 21,000.00 Arlington 5¢ Savings Bank, Book 72902 Boston 5¢ Savings Bank, Book 1039471 7,279.45
12,238.83
Cambridge Savings Bank, Book 159502 83,367.25
Charlestown Savings Bank, Book 233796 10,039.87
North Avenue Savings Bank, Book 78733 17,476.12
Provident Institution for Savings, Book 603700 8,299.58
$425,019.85
343
TRUST AND INVESTMENT FUNDS
SAMUEL C. BUCKNAM CEMETERY FUND 1959
Principal of Fund $2,000.00
Income Account
Balance Income January 1, 1959
766.63
Interest on:
U.S. Treasury 3 1/4 % Bonds $65.00
Arlington 5¢ Savings Bank 20.68
85.68
$2,852.31
Payments
Transferred to Perpetual Care Fund for Care of Lot #173 170.00
$2,682.31
Investments
2M U.S. Treasury 3 1/4 % Bonds
maturing 6/15/83-78 $2,000.00
Arlington 5¢ Savings Bank, Book 12248 682.31
Fund and Accumulated Income, December 31, 1959
$2,682.31
ROBBINS CEMETERY FUND 1959
Principal of Fund $5,000.00
Income Account
Balance Income, January 1, 1959
2,386.85
Interest on:
U.S. Treasury 3 1/4 % Bonds $162.50
Arlington 5¢ Savings Bank 72.40
234.90
$7,621.75
Payments
Wages for Laborer to care for Robbins Lots
784.80
$6,836.95
Investments
U.S. Treasury 31/4 % Bonds, maturing
6/15/83 -7 . 78 $5,000.00
Arlington 5¢ Savings Bank, Book 6758 1,836.95
Fund and Accumulated Income, December 31, 1959 $6,836.95
JOHN H. CALLAHAN, Chmn. ARTHUR L. MCAVOY T. GORDON SMITH Board of Cemetery Commissioners
FRANCIS A. COUGHLIN Town Treasurer CARMEN T. FORITANO, Town Accountant
344
ARLINGTON TOWN REPORT
TRUST FUND COMMISSIONERS' FUNDS E. NELSON BLAKE JR. MEMORIAL FUND 1959
Principal of Fund $ 3,000.00.
Interest on:
Receipts
U.S. Treasury 35/8 % Notes $15.17
U.S. Treasury 4% Bonds 67.50
Arlington 5¢ Savings Bank 1.28
Cambridge Savings Bank
17.36
101.31
$
3,101.31
Discount on Notes Sold 1/23/59
Payments
$
1.25
Paid Town for Disbursement 100.06
101.31
$
3,000.00
Investment Transactions in 1959 Sold 1M U.S. Treasury 3 5/8 % Notes @ 99.875
Purchased 3M U.S. Treasury 4% Bonds @ 99. with proceeds from above plus withdrawal from Cam- bridge Savings Bank Account
Investments
3M U.S. Treasury 4% Bonds maturing
2/15/80 Cost
$2,970.00
Cambridge Savings Bank, Book 179490
30.00
$
3,000.00
MARY CUTTER POOR WIDOWS' FUND 1959
Principal of Fund
$
613.11
Receipts
Interest on:
U.S. Treasury '2'12 % Bonds $12.50
Arlington 5¢ Savings Bank
3.56
16.06
Paid Town for Disbursement
Payments
$
629.17
....
16.06
Investments $ 613.11
5C U.S. Treasury 2 1/2 % Bonds, maturing
12/15/68 - 63 $500.00
Arlington 5¢ Savings Bank, Book 15105
113.11
$ 613.11
345
TRUST AND INVESTMENT FUNDS
WILLIAM CUTTER SCHOOL FUND 1959
Principal of Fund ... ....
$
5,354.00
Receipts
Interest on:
U.S. Treasury 21/2 % Bonds $137.50
Arlington 5¢ Savings Bank
6.90
144.40
$
5,498.40
Paid Town for Disbursement
Payments
144.40
$ 5,354.00
Investments
55C U.S. Treasury 2 1/2 % Bonds,
maturing 12/15/68-63, @ Cost $5,162.04
Arlington 5¢ Savings Bank, Book 15102
191.96
5,354.00 $
EDWIN S. FARMER POOR WIDOWS' FUND 1959
Principal of Fund $ 5,000.00
Receipts
Interest on:
U.S. Treasury 3 58 % Notes $ 15.17
U.S. Treasury 4% Bonds 112.50
Arlington 5¢ Savings Bank 2.23
Cambridge Savings Bank
34.11
164.01
$ 5,164.01
Payments $ 1.25
Discount on Notes Sold 1/23/59
Paid Town for Disbursement
162.76
164.01
$ 5,000.00
Investment Transactions in 1959 Sold 1M U.S. Treasury 35/8 % Notes @ 99.875
Purchased 5M U.S. Treasury 4% Bonds @ 99. with proceeds from above plus withdrawal from Cam- bridge Savings Bank Account
Investments
5M U.S. Treasury 4% Bonds, maturing 2/15/80 @ Cost $4,950.00
Cambridge Savings Bank, Book 179489
50.00
$ 5,000.00
346
ARLINGTON TOWN REPORT
EDWIN S. FARMER RELIEF FUND 1959
Principal of Fund $ 5,000.00'
Gain of Capital Assets 145.00,
$ 5,145.00,
Receipts
Interest on:
Arlington Cooperative Bank Shares $65.00
U.S. Treasury 4 % Bonds 67.50
Arlington 5¢ Savings Bank 6.76
Cambridge Savings Bank
25.13
164.39
$ 5,309.39
Paid Town for Disbursement
Payments
164.39
$. 5,145.00
Investment Transaction in 1959
Purchased 3M U.S. Treasury 4% Bonds @ 99. from
Cambridge Savings Bank Account
Investments
3M U.S. Treasury 4% Bonds, maturing 2/15/80 @ Cost
$2,970.00
10 Arlington Cooperative Bank Shares 2,000.00
Arlington 5¢ Savings Bank, Book 20873 145.00
Cambridge Savings Bank, Book 178870 30.00
$ 5,145.001
JULIA FILLEBROWN FUND
1959
Principal of Fund . .
$ 100.00
Receipts
3.05
Interest on Arlington 5¢ Savings Bank
$ 103.05
Paid Town for Disbursement
Payments
3.05.
$ 100.00
Investment
Arlington 5¢ Savings Bank, Book 15841
... ..
$ 100.00;
347
TRUST AND INVESTMENT FUNDS
ANNIE L. HILL POOR WIDOWS' FUND 1959
Principal of Fund
2,000.00 $
Receipts
Interest on:
U.S. Treasury 2 1/2 % Bonds $50.00
Arlington 5¢ Savings Bank .38
50.38
$
2,050.38
Payments
Paid Town for Disbursement
50.38
$ 2,000.00
Investments
2M U.S. Treasury 21/2 % Bonds, maturing 1968 $ 2,000.00
MARIA L. HILL POOR WIDOWS' FUND
1959
Principal of Fund
$ 2,000.00 ..
Receipts
Interest on:
Series G Bonds
$25.00
U.S. Treasury 4% Bonds
45.00
Arlington 5¢ Savings Bank
1.03
71.03
$ 2,071.03
Payments
Accrued Interest on Bonds purchased
$ 5.22
Paid Town for Disbursement 65.81
71.03
$ 2,000.00
Investment Transactions in 1959
2M U.S. Treasury Series G Bonds matured 2/1/59 Reinvested in U.S. Treasury 4% Bonds @ 99.5 plus accrued interest.
Investments
2M U.S. Treasury 4% Bonds, maturing
2/15/80, @ Cost $1,990.00
Arlington 5¢ Savings Bank 10.00
$ 2,000.00
348
ARLINGTON TOWN REPORT
MUNICIPAL BUILDINGS INSURANCE FUND 1959
Fund and Accumulated Income, December 31, 1958 . $ 55,897.75 Gain of Capital Assets 62.51
$ 55,960.26
Receipts
Interest on:
Arlington 5¢ Savings Bank
$
203.24
Cambridge Savings Bank 751.20
Cambridgeport Savings Bank 1,053.59
2,008.03
$ 57,968.29
Appropriated at Annual Town Meeting, Art. 30
10,000.00
$ 67,968.29
Investments
Arlington 5¢ Savings Bank, Book 40412 $12,769.96
Cambridge Savings Bank, Book 178038 22,730.04
Cambridgeport Savings Bank, Book 254223 32,468.29
Fund and Accumulated Income, December 31, 1959 .... $ 67,968.29
PRATT HIGH SCHOOL FUND 1959
Principal of Fund $ 25,000.00
Receipts
Interest on:
U.S. Treasury 35/8 % Notes $114.63
U.S. Treasury 4 % Bonds 562.50
Arlington 5¢ Savings Bank 9.97
Cambridgeport Savings Bank
106.05
793.15
Payments
Discount on Notes Sold 1/23/59
21.87
Paid Town for Disbursement 771.28
793.15
$ 25,000.00
Investment Transactions in 1959
Sold 9M U.S. Treasury 35/8 % Notes @ 99.8125
Sold 4M U.S. Treasury 35% % Notes @ 99.875
Withdrew from Cambridgeport Savings Bank $11,657.24
Purchased 25M U.S. Treasury 4% Bonds @ 99.
Investments
25M U.S. Treasury 4% Bonds, maturing
2/15/80, @ Cost $24,750.00
Cambridgeport Savings Bank, Book 249281
250.00
$ 25,000.00
$
25,793.15
349
TRUST AND INVESTMENT FUNDS
NATHAN PRATT POOR WIDOWS' FUND 1959
Principal of Fund
$ 5,000.00
Receipts
Interest on:
U.S. Treasury 3 5/8 % Notes $ 15.17
U.S. Treasury 4% Bonds 112.50
Arlington 5¢ Savings Bank
2.23
Cambridge Savings Bank
34.11
164.01
$ 5,164.01
Payments
Discount on Notes Sold 1/23/59
$ 1.25
Paid Town for Disbursement 162.76
164.01
$ 5,000.00
Investment Transactions in 1959
Sold 1M U.S. Treasury 35/8 % Notes @ 99.875
Purchased 5M U.S. Treasury 4% Bonds @ 99. with pro- ceeds from above plus withdrawal from Cambridge Savings Bank
Investments
5M U.S. Treasury 4% Bonds, maturing
2/15/80 @ Cost
$4,950.00
Cambridge Savings Bank, Book 179488 50.00
$ 5,000.00
ROBBINS HOUSE MAINTENANCE FUND
1959
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
U.S. Treasury 4% Bonds 2/15/80 495.00
Cambridge Savings Bank 190.76
1,338.26
$ 49,527.29
350
ARLINGTON TOWN REPORT
Payments
Box Rent
$
5.00
Paid Town for Disbursement 1,333.26
1,338.26
$ 48,189.03
Investment Transaction in 1959
Purchased 22M U.S. Treasury 4% Bonds @ 99. from Cambridge Savings Bank Account.
Investments
13M U.S. Treasury 2 12 % 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 2 34 % Bonds 60/65
1,000.00
22M U.S. Treasury 4% Bonds, 2/15/80 @ cost 21,780.00
Cambridge Savings Bank
409.03
$ 48,189.03
ROBBINS SCHOLARSHIP FUND 1959
Principal of Fund $ 10,000.00
Balance Income, December 31, 1958 166.28
$ 10,166.28
Receipts
Interest on:
Arlington Cooperative Bank
$
7.77
U.S. Treasury 4% Bonds 225.00
232.77
$ 10,399.05
Payments
Tuitions
167.63
$ 10,231.42
Investment Transactions in 1959
Sold 50 Arlington Cooperative Bank Shares Purchased 10M U.S. Treasury 4% Bonds @ 99.
Balance deposited in Arlington Cooperative Bank
Investments
10M U.S. Treasury 4% Bonds, maturing
$9,900.00 2/15/80
Arlington Cooperative Bank,
Savings Shares Account #1631
331.42
$ 10,231.42
TRUST AND INVESTMENT FUNDS
351
M. M. W. RUSSELL POOR WIDOWS' FUND 1959
Principal of Fund
1,704.23. $
Receipts
Interest on:
Arlington 5¢ Savings Bank $ 6.51
U.S. Treasury 21/2 % Bonds 37.50
44.01
$
1,748.24
Paid Town for Disbursement
44.01
$ 1,704.23
Investments
15C 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
M. M. W. RUSSELL SCHOOL FUND 1959
Principal of Fund $ 5,327.86
Receipts
Interest on:
U.S. Treasury 2 1/2 % Bonds $137.50
Arlington 5¢ Savings Bank 6.10
143.60
$ 5,471.46
Payments
Paid Town for Disbursement
.....
143.60
$ 5,327.86
Investments
55C U.S. Treasury 2 12 % Bonds, maturing 12/15/68-63 @ Cost $5,162.04
Arlington 5¢ Savings Bank, Book 9373
165.82
$ 5,327.86.
Payments
35.2
ARLINGTON TOWN REPORT
SOLDIERS' MONUMENT FUND 1959
Principal of Fund
... ....... $ 2,000.00
Income Account
Balance of Income, January 1, 1959
1,255.69
Interest on:
U.S. Treasury 3 1/4 % Bonds $65.00
Arlington 5¢ Savings Bank
37.12
102.12
$ 3,357.81
Payments
Decorating Monuments
80.00
$ 3,277.81
Investments
2M U.S. Treasury 3 14 % Bonds,
maturing 6/15/83-78 $2,000.00
Arlington 5¢ Savings Bank, Book 6977
1,277.81
Fund and Accumulated Income, December 31, 1959
.. $
3,277.81
EMMA L. SPRAGUE POOR WIDOWS' FUND 1959
Principal of Fund $ 17,938.47
Receipts
Interest on:
U.S. Treasury 4% Bonds $393.75
Charlestown Savings Bank
22.01
415.76
$ 18,354.23
Paid Town for Disbursement
Payments
415.76
$ 17,938.47
Investment Transactions in 1959 Purchased 17M, 5C U.S. Treasury 4% Bonds @ 99. from Charlestown Savings Bank Account
Investments
17M, 5C U.S. Treasury 4% Bonds
maturing 2/15/80 @ Cost $17,325.00
Charlestown Savings Bank
613.47
$ 17,938.47
353
TRUST AND INVESTMENT FUNDS
FRANCIS E. THOMPSON SCHOLARSHIP FUND 1959
Principal of Fund
$436,931.64
Gain on Sale of Capital Assets
3,772.50
$440,704.14
* Balance of Undistributed 1958 Income
7,713.02
$448,417.16
Receipts
Interest on:
U.S. Treasury 2 1/4 % Bonds 59/62 $1,440.00
U.S. Treasury 2 1/2 % Bonds 65/70 1,250.00
U.S. Treasury 3 1/2 % Bonds 2/15/90 1,750.00
U.S. Treasury 2 34 % Bonds 75/80 1,472.68
U.S. Treasury Series G Bonds 325.00
U.S. Treasury 4% Bonds 2/15/80 1,203.75
U.S. Treasury 31/2 % Notes due 1960
3,367.32
International Bank of Reconstruction and Development 4 1/4 %, matur- ing 1979 1,062.50
U.S. Treasury 2 5/8 % Notes due 1963
1,260.04
U.S. Treasury 1 1/2 % Bonds 10/1/63 57.38
Arlington 5¢ Savings Bank 443.74
13,632.41
$462,049.57
Payments
Income disbursed from fund for scholarships in 1959
$11,650.00
Rent for safe deposit box
10.00
Accrued interest on bonds purchased
989.34
Premium paid on bonds purchased
875.00
13,524.34
*Balance of Fund and Undistributed Income 12/31/59 $448,525.23
Investment Transactions in 1959
26M U.S. Treasury Series G Bonds matured 1/1/59 27M dollars withdrawn from Arlington 5¢ Savings Bank Purchased 49M 5C U.S. Treasury 4 % Bonds @ 99. and 4M U.S. Treasury 4% Bonds @ 98 22/32 Balance deposited in Arlington Five Cents Savings Bank 100M U.S. Treasury 2 34 % Bonds sold @ par plus accrued interest
100M U.S. Treasury 11/2 % Notes purchased @ par plus accrued interest
100M U.S. Treasury 11/2 % Notes sold @ par plus accrued interest 100M U.S. Treasury 3 1/2 % Bonds @ par plus 28/32 purchased with proceeds from above plus $1,343.66 from Arlington 5¢ Savings Bank.
45M U.S. Treasury 3 1/2 % Notes sold @ 99.6/32 plus accrued interest
45M U.S. Treasury 5% Notes purchased @ par and balance deposited in Arlington 5¢ Savings Bank.
354
ARLINGTON TOWN REPORT
Investments
U.S. Treasury 214 % Bonds 59/62 $64,000.00
U.S. Treasury 2 1/2 % Bonds 65/70 50,000.00
U.S. Treasury 3 1/2 % Bonds 2/15/90 100,000.00
U.S. Treasury 4% Bonds 2/15/80 52,953.80
U.S. Treasury 3 1/2 % Notes due 5/15/60 55,000.00
U.S. Treasury 2 5% % Notes due 2/15/63 48,000.00
U.S. Treasury 5% Notes due 8/15/64 45,000.00
International Bank of Reconstruction and Development, maturing 1979 25,000.00
Arlington 5¢ Savings Bank, Book 66122 . ..
8,521.43
Arlington National Bank, Checking Acct. 50.00
$448,525.23
*Income received after May 1st each year, is not made available for distribution until May 1st of the following year, due to time limitations imposed by college registration requirements.
Workmen's Compensation Fund
1959
Balance, December 31, 1958 $ 33.37
Appropriated at Annual Town Meeting 1959 .. 38,000.00
$ 38,033.37
Income
Interest on Arlington 5¢ Savings Bank
694.21
Reimbursement to Fund 1,657.14
$ 40,384.72
Payments
Paid Town for Disbursement 40,357.14
Arlington 5¢ Savings Bank, Book 65361 $ 27.58
JOHN J. STANTON, Chmn. IRA M. JONES, Sec. JOSEPH P. HEALEY Board of Commissioners of Trust Funds
FRANCIS A. COUGHLIN, Town Treasurer CARMEN T. FORITANO, Town Accountant
REPORT OF THE COLLECTOR OF TAXES
355
Statement of the Collector of Taxes and Town Collector for the Year 1959
Collection Credits
Balance Uncollected Dec. 31, 1959
Taxes :
1956 Motor Excise
175.49
1957 Motor Excise
929.87
1958 Poll
564.00
1958 Motor Excise
64,782.13
5,867.23
1958 Personal
7,477.28
377.36
1958 Real Estate
103,330.83
1959 Poll
24,918.00
1,222.00
1959 Motor Excise
593,220.80
78,637.48
1959 Personal
350,865.88
7,234.92
1959 Real Estate
5,583,893.89
97,056.82
Special Assessments and Water Liens:
Moth (added to 1958 &
1959 Taxes)
4,794.80
71.25
Water Liens (added to 1958 &
1959 Taxes
5,936.84
389.88
Apportioned Assessments:
Sewer
3,666.30
462.89
Sidewalk
3,936.75
25.01
Street Betterment
35,809.57
1,516.14
Water Main
86.49
Unapportioned Assessments:
Sewer
1,921.38
961.60
Sidewalk
7,132.68
5,591.95
Street Betterment
25,252.17
43,605.75
Water Main
3,924.43
1,362.58
Committed Interest:
Sewer, Sidewalk, Street Betterment and Water Main
14,955.32
619.36
Apportioned Assessments, Not Due:
Sewer
1,679.12
17,521.48
Sidewalk
714.16
14,330.83
Street Betterment
13,109.36
240,056.12
Water Main
69.28
434.94
Water Rates
311,233.65
21,999.48
Departmental
1,826,305.93
152,796.46
Interest Added
5,226.77
Costs, Charges and Fees
2,990.10
$8,998,903.27
$692,141.53
FRANCIS A. COUGHLIN Collector of Taxes and Town Collector
356
ARLINGTON TOWN REPORT
Report of The Contributory Retirement System 1959
Balance January 1, 1959 $1,101,676.80
Contributions - Employees 123,402.84
Interest on Investments 30,479.47
Appropriation - Town
63,709.99 $1,319,269.10
EXPENDITURES
Pensions $ 93,914.96
Refunds 13,515.87
Expenses
1,969.14 109,399.97
Balance December 31, 1959 $1,209,869.13
INVESTMENTS
Harvard Trust Company - Checking Accountant $ 9,869.13
U.S. Treas. 3 34 % Bonds-2/15/60 10,000.00
U.S. Treas. 212 % Bonds-9/15/67-72 5,000.00
U.S. Treas. 212 % Bonds-1/1/62 Series G
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