Town of Arlington annual report 1960, Part 29

Author: Arlington (Mass.)
Publication date: 1960
Publisher:
Number of Pages: 394


USA > Massachusetts > Middlesex County > Arlington > Town of Arlington annual report 1960 > Part 29


Note: The text from this book was generated using artificial intelligence so there may be some errors. The full pages can be found on Archive.org (link on the Part 1 page).


Part 1 | Part 2 | Part 3 | Part 4 | Part 5 | Part 6 | Part 7 | Part 8 | Part 9 | Part 10 | Part 11 | Part 12 | Part 13 | Part 14 | Part 15 | Part 16 | Part 17 | Part 18 | Part 19 | Part 20 | Part 21 | Part 22 | Part 23 | Part 24 | Part 25 | Part 26 | Part 27 | Part 28 | Part 29 | Part 30 | Part 31 | Part 32 | Part 33


Clerk, United Carr Fastener Corp., Cambridge


Draftsman, Clerite Transistor Co., Smith Street, Waltham Shipper, Technical Operations, South Avenue, Burlington Repairman, M. T. A., Boston


Tea Blender, Stanley W. Ferguson, 365 C Street, South Boston Salesman, Whitney & Co., Boston


Engineer, The Calidyne Co., 120 Cross Street, Winchester


Sales Supervisor, Boston Gas Co., 100 Arlington Street, Boston Asst. Manager, John Hancock Ins. Co., Union Square, Somerville Manager, Stop & Shop Inc., Boston


Salesman, Weeden & Co., 24 Milk Street, Boston


Buyer, Boston Edison Co., 39 Boylston Street, Boston


Machine Operator, B. F. Goodrich, Watertown Shipper, Dewey & Almy Co., Cambridge


Cashier, M. T. A., Boston Representative, Western Union Telegraph Co., Boston


Wireman, F. S. Payne Co., 75 Richdale Avenue, Cambridge Printer, Monroe Stationers & Printers Inc., 255 Needham Street, Newton


Asst. Treasurer, Somerville Machine & Foundry Co., 14 Kent Street, Somerville


Accountant, Arnold Greene Testing Lab. Inc., East Natick Inspector, Boston Edison Company, 39 Boylston Street, Boston Clerk, R. C. A. Electronic & Missiles Controls, Burlington Milkman, H. P. Hood & Sons, 500 Rutherford Avenue, Charlestown


LIST OF JURORS


*Stephens, Alfred L. Stewart, Earl S. Struzik, Edward M.


*Sullivan, Albert L. Sullivan, Dennis Sullivan, James A. Sullivan, Robert W. Sullivan, Roy B. Sutton, John M. Sylva, John Symington, William L. Tabler, William


*Taylor, Charles A. Teeven, Justin R. Teeven, Richard D.


Thomas, Donald O. Thompson, Joseph S. Thompson, Marshall R.


* Thomson, Walter J. Tierney, John J. Tillou, Frank M. Jr.


*Tiney, Ralph K. Tompkins, Anthony A. Torento, John A. Townsend, Curtice N.


*Trainor, Joseph X.


*Traynor, Joseph C. Treacy, Michael


*Trefon, John T. Trulson, Alden Urquhart, Everett H. Valeri, Vittore J.


Volpe, Franklin D.


* Wagner, Arthur L. Walsh, Albert A. Jr. Walsh, Edward P. Walsh, Robert C.


301


Name


Walton, Dean F. Ward, Russell E. Warnock, James H. Watson, Harold B.


*Watson, Robert C.


Residence


33 Bowdoin Street 28 Jason Street


14 Kenilworth Road


50 Lancaster Road


62 Paul Revere Road


* Weagle, James K. Webb, Edward J. * Wedge, Paul H. Jr. Welsh, Warren P. * White, William H. Jr.


5 Arnold Street


23 Crawford Street


424 Massachusetts Avenue


32 Pondview Road


175 Pleasant Street


* Wigandt, Arthur P. Williams, Wayne A.


40 Alfred Road


10 Webster Street


11 Pelham Terrace


11 Sunset Road


18 Marrigan Street


39 Overlook Road


75 Webster Street


54 Waldo Road


30 Lombard Terrace 276 Massachusetts Avenue 316 Park Avenue 14 Brunswick Road


17 Fordham Street


Occupation


Estimator, Post Products Inc., 253 Auburn Street, Auburndale Head Teller, County Savings Bank, 435 Broadway, Chelsea Salesman, H. P. Hood & Sons, 56 Roland Street, Charlestown


Chauffeur, Railway Express Agency, 710 Atlantic Avenue, Boston Messenger, District Public Works Office, 495 Summer Street,


Boston


Chauffeur, F. W. Edmands, 16 Woodbury Avenue, Saugus Rigger, Self-Employed


Builder, Walsh Body & Trailer Inc., 97 Prospect Street, Somerville Proprietor, Welsh Auto Sales, 196 High Street, Waltham Dealer, W. H. White Motor Co., 975 Massachusetts Avenue, Arlington


Plumber, Stanley R. Robbins Co., 267 Pleasant Street, Watertown Manager, W. G. Fitzsimmons Inc., 2223 Massachusetts Avenue, Cambridge


Installer, New Eng. Tel. & Tel. Co., Arlington


Tabulating Operator, Gulf Oil Corp., Park Sq. Building, Boston Steward, Harvard University, Cambridge


Salesman, Self -Employed


Guard, M. T. A., Boston


Machinist, Gear Systems & Co., 30 Nashua Street, Woburn Foreman, Oxford Print, Colby Street, Medford


Accountant, Rey Company, 276 Massachusetts Avenue, Arlington


Buyer, First National Stores Inc., Somerville


Proprietor, Self-Employed, 36 Bromfield Street, Boston Mechanic, Clark & Cooke, 38 Harvard Avenue, Medford


* The star indicates persons whose names appear on Jury List and will continue for 1961, unless disqualified under the provisions of Chapter 234 of the General Laws.


302


ARLINGTON TOWN REPORT


Wilson, James W.


*Wilson, John A. Wironen, William V. Woodbury, Philip A. Woods, John J.


*Worth, Charles C. *Wyse, Arthur R. Young, Ronald J. Zarrella, Joseph S. * Zeff, Leo H. * Ziolkowski, Edward S.


REPORT OF THE PUBLIC WELFARE DEPARTMENT


Report of the Public Welfare Department


January 16, 1961


Honorable Edward C. Monahan


Town Manager Town Hall


Arlington, Massachusetts


Dear Mr. Monahan:


I herewith submit my report for the Public Welfare Department for the year ending December 31, 1960.


CASE LOAD PER MONTH


Welfare Aid


Old Age Assistance


Aid to Dependent Children


Disability Assistance


January


33


469


26


43


February


32


466


27


43


March


35


463


26


45


April


37


462


28


47


May.


34


461


26


46


June


32


456


25


44


July.


35


450


22


44


August


35


449


22


42


September


34


442


22


42


October .


34


449


22


42


November.


35


442


22


40


December.


36


444


23


39


MEDICAL AND DENTAL CLINIC:


349 visits were made to our Medical Clinic by recipients who had established their eligibility to receive assistance under one of the five categories listed below.


Summary:


Welfare


89


Medical Assistance for the Aged.


0


Old Age Assistance


150


Aid to Dependent Children


92


Disability Assistance .


18


349


156 visits were made to the Clinic for Dental care.


WELFARE AID:


Total Expenditures


$20,845.65*


Less Reimbursements


** State.


Cities and Towns


$385.81 ** 2,436.11 0.00


Individuals and Estates


2,821.52


Net Expenditures


$18,023.73


- $2,347.24 - Paid to Other Cities and Towns


- $2,034.09 - Paid to Institutions


- Part payment - Claim in dispute


303


304


ARLINGTON TOWN REPORT


WELFARE AID was granted to 44 cases including 89 persons


Settlement Status - Welfare Aid


Arlington 26


State .


9


Other Cities and Towns.


9


Undetermined .


0


44


OLD AGE ASSISTANCE


Total Expenditures. . $553,907.42*


Less Reimbursements and Grants


Federal Grants $235,811.65


State


229,835.54


Other Cities and Towns.


11,233.03


Individuals and Estates (undistributed)


66,246.56


543,126.78


Net Expenditures 10,780.64


- $5,073.87 - Paid to Other Cities and Towns included in this amount.


- Includes new category of Medical Assistance for the Aged from October 1, 1960. Does not include Accounts Payable estimated at $11,000.00.


- Town's Share of recoveries (distributed) $7,094.26. $235,811.65 - total Federal Grants expended. $318,095.77 - Expended from Town funds.


$553,907.42 - Total Expenditures.


CASE LOAD SUMMARY


Cases January 1, 1960


469


New Cases .


65


534


Cases closed.


90


Cases December 31, 1960 444


SETTLEMENT STATUS


Arlington . 311


State (Unsettled)


119


Other Cities & Towns


104


534


REASONS FOR DISCONTINUANCE


Death.


59


Moved from Arlington. 17


Transferred to Veterans' Services 1


Family to Support 2


Excess Resources


9


Transferred to Institutions


2


90


AID TO DEPENDENT CHILDREN


Total Expenditures.


$44,846.80


Less Reimbursements and Grants Federal Grants $21,340.33


State 15,208.41


Individuals


0.00


$36,548.74


Net Expenditures


$8,298.06


35 Families were aided under this category of relief, including 102 persons, 58 child- ren under 16 years and 6 children between 16 and 18 years of age and attending school.


305


REPORT OF THE PUBLIC WELFARE DEPARTMENT


DISABILITY ASSISTANCE


Total Expenditures $54,425.74


Less Reimbursements and Grants


Federal Grants $21,466.06


State 19,123.81


Individuals and Estates


136.25 40,726.12


Net Expenditures


$13,699.62


Disability Assistance was granted to 56 persons.


An analysis of gross and net expenditures for 1960 in comparison with 1959 re- veals the following results;


The 1960 gross for the five categories of aid amounted to $674,025 (cents omit- ted) as against $707,423 in 1959. This was a decrease of $33,398 or approximately .047. The 1960 net was $50,802 as against $95,503 in 1959 a decrease of $44,701 or approximately .468. The wide spread between the percentages of gross and net is due largely to Lien Recoveries which have not been distributed. They can move both swiftly or slowly.


Cross currents are always at work. Decreases in case loads are offset by high- er rates for hospitals and nursing homes. Standards of Assistance have been raised by the State Department for the benefit of recipients. At.the same time the Federal Government increases grants to the State, a share of which is passed on to the Cities and Towns.


Recognizing that Medical Costs constitute nearly 50% of all expenditures the Federal and State Authorities have createda new category called "Medical Assistance for the Aged" (MAA). The State Legislature passed the Act in late November but made the measure retroactive to October 1, 1960. It's proponents claim it will save $12,000,000 annually. Federal share will be 50%, State 1/3 after Federal and Local the balance which figures 1/6.


It is too early to assess the merits of the new program. Obviously it will re- quire an increase in personnel, possibly two workers, one social worker and one clerk, and a lot of paper.


The Board of Public Welfare continues to meet monthly with the Director and two Social Work Supervisors. New cases and changes in all categories are examined for approval, adjustment or denial. There is also supervision of Administration by the State Department of Public Welfare. State and Federal Personnel audit at regular intervals. Each month the Board of Public Welfare members go into Executive Ses- sions with the Director to review Administration matters.


The Board of Public Welfare is organized as follows:


Mr. Cornelius F. Collins, Chairman Mr. Walter T. Kenney Members


Mr. William J. Mckeever)


Mr. George V. Morse, Director and Secretary


More than ever do I wish at this time to extend my thanks to you, to the members of the Board of Public Welfare and to all officials, department heads and employees of the Town who have assisted me and members of my Staff with courtesy and dignity throughout the year. I also wish to thank the social agencies, service organizations, church and civic groups and individuals for their many services. And I further wish to commend my Staff and the Field Representatives of the State Department of the Public Welfare without whom we could not function. Our tasks are growing all the time but so are the needs of our clients whom we must not let down.


Respectfully submitted,


George V. Morse


Director of Public Assistance


306


ARLINGTON TOWN REPORT


Report of the Trustees Of The Elbridge Farmer Fund


1960


INCOME ACCOUNT


Undistributed Income - Balance 12/31/59.


$ 1.62


Arlington Cooperative Bank . .


290.00


Boston Five Cents Savings Bank


112.50


Cambridge Savings Banks 228.82


Cambridgeport Savings Bank


181.26


Harvard Trust Company - Account A2992.


23.49


Suffolk-Franklin Savings Bank


191.48


Chicago, Burlington & Quincy RR Equipment Trust


375.00


Southern Railway Equipment Trust .


187.50


U. S. Treasury 4% Bonds. .


420.00


$ 2,011.67


DISBURSEMENTS


Harvard Trust Company - safe deposit box rent $ 6.60


Town of Arlington - Elbridge Farmer Fund for benefit of Robbins Library. 2,000.00


$ 2,006.60


Balance


- Undistributed Income - 12/31/60 Harvard Trust Company, Savings Acct A2992 5.07


$ 2,011.67


INVESTMENT ACCOUNT - 12/31/60


Arlington Cooperative Bank . $ 8,000.00


Boston Five Cents Savings Bank


3,000.00


Cambridge Savings Bank . 6,423.38


Cambridgeport Savings Bank 5,000.00


Suffolk-Franklin Savings Bank


5,282.77


$5,000 Chicago, Burlington & Quincy RR Equipment Trust, 3 3/4's, 9/1/63.


5,000.00


$5,000 Chicago, Burlington & Quincy RR Equipment Trust, 3 3/4's, 9/1/66.


5,000.00


$5,000 Southern Railway Equipment Trust, 3 3/4's, 1/15/66 4,981,30


$10,500 U. S. Treasury Bonds, 4's, 2/15/80 10,395.00


$53,082.45


ARTHUR O. YEAMES EDMUND L. FROST GARDNER C. PORTER FRANCIS KEEFE EVERETT C. BRYANT


EDWARD P. CLARK


307


TRUST AND INVESTMENT FUNDS


Library Funds


ROBBINS LIBRARY ART FUND 1960


Principal of Fund Gain of Capital Assets


12,187.73


Accumulated Income.


15,599.75


$52.787.48


Receipts


Interest on:


20M U.S. Treasury 4 7/8% Notes Nov. 15, 1963. $975.00


16M U.S. Treasury 2 3/4% Bonds Apr. 1, 75/80. 440.00


* First National Bank Stock . 204.25


Arlington Cooperative Bank Shares . 362.50


Arlington Five Cents Savings Bank, Acct. #20095.


121.63


North Avenue Savings Bank 108.76


2,212.14


$54,999.62


Payments


Box Rent


6.00


$54,993.62


Investments


20M U.S. Treasury 4 7/8% Notes Nov. 15, 1963. $19,950.00


16M U.S. Treasury 2 3/4% Bonds Apr. 1, 75/80.


16,000.00


50 Arlington Cooperative Bank Shares . . 10,000.00


Arlington Five Cents Savings Bank, Acct. #20095.


5,444.56


Harvard Trust Co., Checking Account


599.06


North Avenue Savings Bank, Acct. #78755.


3,000.00


$54,993.62


*Dividend received in January, 1960 on Stock sold in December, 1959


ROBBINS PRINT FUND 1960


Principal of Fund.


$30,000.00 8,049.16


Balance of Income, December 31, 1959


.


$38,049.16


Receipts


Interest on:


26M U.S. Treasury 2 1/2% Bonds, Oct. 1, 1962 $ 650.00


4M U.S. Treasury 4% Bonds, Feb. 15, 1980. . 160.00


Arlington Five Cents Savings Bank, Acct. #200162 . 282.18


1,092.18


Fund and Accumulated Income, December 31, 1960


$39,141.34


$25,000.00


308


ARLINGTON TOWN REPORT


Investments


26M U.S. Treasury 2 1/2% Bonds, Oct. 1, 1962 $26,000.00


4M U.S. Treasury 4% Bonds, Feb. 15, 1980. 3,960.00


Arlington Five Cents Savings Bank, Acct. #200162 9,181.34


$39,141.34


HENRY MOTT LIBRARY FUND 1960


Principal of Fund. $ 5,200.00


Gain of Capital Assets


225.00


$ 5,425.00


Balance of Income, December 31, 1959


1,571.42


$ 6,996.42


Receipts


Interest on:


5M U.S. Treasury 4% Bonds, Feb. 15, 1980. . $200.00


Arlington Five Cents Savings Bank, Acct. #15101. 72.26


272.26


Fund and Accumulated Income, December 31, 1960


$ 7,268.68


Investments


5M U.S. Treasury 4% Bonds, Feb. 15, 1980. $4,950.00


Arlington Five Cents Savings Bank, Acct. #15101. 2,318.68


$ 7,268.68


E. NELSON BLAKE LIBRARY FUND


1960


Principal of Fund. . $ 4,000.00


Gain of Capital Assets 696.57


$ 4,696.57


Balance Income, December 31, 1959


1;478.24


$ 6,174.81


Receipts


Interest on:


4M U.S. Treasury 4% Bonds, Feb. 15, 1980. $160.00


Arlington Cooperative Bank Shares . . 72.50


Arlington Five Cents Savings Bank, Acct. #52201. 9.71


242.21


Fund and Accumulated Income, December 31, 1960


$ 6,417.02


Investments


4M U.S. Treasury 4% Bonds, Feb. 15, 1980. $3,960.00


10 Arlington Cooperative Bank Shares . 2,000.00


Arlington Five Cents Savings Bank, Acct. #52201. 457.02


$ 6,417.02


EMMA L. SPRAGUE LIBRARY FUND 1960


Principal of Fund. Balance Income, December 31, 1959 5,293.89 $17,938.48


$23,232.37


309


TRUST AND INVESTMENT FUNDS


Receipts


Interest on:


15M U.S. Treasury 2 1/2% Bonds, Apr. 1, 1961.


$375.00


25C U.S. Treasury 4% Bonds, Feb. 15, 1980 100.00


Charlestown Savings Bank, Acct. #253395.


222.67


$ 697.67


$23,930.04


Investments


15M U.S. Treasury 2 1/2% Bonds, Apr. 1, 1961


$15,000.00


25C U.S. Treasury 4% Bonds, Feb. 15, 1980 2,475.00


Charlestown Savings Bank, Acct. #253395.


6,455.04


$23,930.04


FRANCIS E. THOMPSON LIBRARY FUND 1960


Principal of Fund. . $ 8,181.54


2,507.30


$10,688.84


Receipts


Interest on:


2M U.S. Treasury 2 1/2% Bonds, Jan. 1, 1962 . $ 50.00


6M U.S. Treasury 4% Bonds, Feb. 15, 1980. 240.00


Arlington Cooperative Bank Shares . . 72.50


Arlington Five Cents Savings Bank, Acct. #64753.


29.62


392.12


Fund and Accumulated Income, December 31, 1960 $11,080.96


Investments


2M U.S. Treasury 2 1/2% Bonds, Jan. 1, 1962. $ 2,000.00


6M U.S. Treasury 4% Bonds, Feb. 15, 1980. 5,940.00


10 Arlington Cooperative Bank Shares


2,000.00


Arlington Five Cents Savings Bank, Acct. #64753.


1,140.96


$11,080.96


SARAH ROSS VAUGHN MEMORIAL FUND 1960


Principal of Fund. $ 1,000.00


303.59


$ 1,303.59


Receipts


Interest on:


1M U.S. Treasury 4% Bonds, Feb. 15, 1980. $ 40.00


Arlington Cooperative Bank, Acct. #T417. 12.13


52.13


$ 1,355.72


Investments


1M U.S.Treasury 4% Bonds, Feb. 15, 1980 $ 990.00 Arlington Cooperative Bank, Acct. #T417 365.72


$ 1,355.72


Balance of Income, December 31, 1959


Balance of Income, December 31, 1959


310


ARLINGTON TOWN REPORT


M. HELEN TEELE LIBRARY FUND 1960


Principal of Fund. $1,000.00 253.91


Balance of Income, December 31, 1959


$1,253.91


Receipts


Interest on:


1M U.S. Treasury Bonds 2 1/2%, Nov. 1, 1962. $ 25.00 Arlington Five Cents Savings Bank, Acct. #201472 . 8.73


33.73


Fund and Accumulated Income, December 31, 1960


$1,287.64


Investments


1M U.S.Treasury Bonds 2 1/2%, Nov. 1, 1962 $1,000.00


Arlington Five Cents Savings Bank, Acct. #201472 . 287.64


$1,287.64


TIMOTHY WELLINGTON LIBRARY FUND 1960


Principal of Fund. . $ 100.00


Balance of Income, December 31, 1959


6.16


$ 106.16


Receipts


Interest on Arlington Five Cents Savings Bank, Acct. #15103 .


3.62


Fund and Accumulated Income, December 31, 1960 $ 109.78


Investments


Arlington Five Cents Savings Bank, Acct. #15103. $ 109.78


ELLEN W. HODGDON LIBRARY FUND 1960


Principal of Fund. . $1,000.00


Balance of Income, December 31, 1959


56.60


$1,056.60


Receipts


Interest on:


1M U.S. Treasury 4% Bonds, Feb. 15, 1980. $ 40.00


Arlington Five Cents Savings Bank, Acct. #45368. 2.73


42.73


Fund and Accumulated Income, December 31, 1960 $1,099.33


Investments


1M U.S. Treasury 4% Bonds, Feb. 15, 1980 $ 990.00 Arlington Five Cents Savings Bank, Acct. #45368. 109.33


$1,099.33


TRUST AND INVESTMENT FUNDS


311


CHILDREN'S BOOK FUND 1960


Principal of Fund. . Gain of Capital Assets


$ 5,000.00 8,390.85


$13,390.85


Balance of Income, December 31, 1959


426.41


$13,817.26


Receipts


Interest on:


*First National Bank Stock $ 127.30


12M U.S. Treasury 4 7/8% Notes, Nov. 15, 1963


585.00


Arlington Five Cents Savings Bank, Acct #57012 62.16


774.46


$14,591.72


Investments


12M U.S. Treasury 4 7/8% Notes, Nov. 15, 1963


$11,970.00


Arlington Five Cents Savings Bank, Acct. #57012. 2,621.72


$14,591.72


*Income received in 1960 on First National Bank Stock sold in 1959


DEXTER RAWSON FAY LIBRARY FUND 1960


Principal of Fund. .


$ 1,741.60 99.17


Balance of Income, December 31, 1959


$ 1,840.77


Receipts


Interest on:


15C U.S. Treasury 4% Bonds, Feb. 15, 1980 . $ 60.00


Arlington Five Cents Savings Bank, Acct. #51672. . 12.83


72.83


Fund and Accumulated Income, December 31, 1960


$ 1,913.60


Investments


15C U.S. Treasury 4% Bonds, Feb. 15, 1980 $ 1,485.00


Arlington Five Cents Savings Bank, Acct. #51672. 428.60


$ 1,913.60


HENRY E. DODGE LIBRARY FUND


1960


Principal of Fund.


$ 2,000.00


Receipts


Interest on: 2M U.S. Treasury Bills $ 51.54


Arlington Five Cents Savings Bank, Acct. #217305 . 1.66


53.20


Fund and Accumulated Income, December 31, 1960


$ 2,053.20


.


.


312


ARLINGTON TOWN REPORT


Investment Transactions in 1960


2M U.S. Treasury Bills Matured June 16, 1960


Purchased 2M U.S. Treasury Bills due July 15, 1960 @ 99.8670833 Balance ($2.66) deposited in Arlington Five Cents Savings Bank


2M U.S. Treasury Bills matured July 15, 1960


Purchased 2M U.S. Treasury Bills due July 15, 1961 @ 96.690 Balance ($66.20) deposited in Arlington Five Cents Savings Bank Investments


2M U.S. Treasury Bills due July 15, 1961. $1,933.80


Arlington Five Cents Savings Bank, Acct. #217305 119.40


$2,053.20


NATHAN PRATT LIBRARY FUND 1960


Principal of Fund. $10,000.00


Balance of Income, December 31, 1959


326.47


$10,326.47


Receipts


Interest on:


10M U.S. Treasury 4% Bonds, Feb. 15, 1980. $ 400.00


Arlington Five Cents Savings Bank, Acct. #40850. 14.42


Cambridge Savings Bank, Acct. #179488. 5.01


419.43


Fund and Accumulated Income, December 31, 1960


$10,745.90


Investments


10M U.S. Treasury 4% Bonds, Feb. 15, 1980.


$ 9,900.00


Arlington Five Cents Savings Bank, Acct. #40850. 704.14


Cambridge Savings Bank, Acct. #179488. 141.76


$10,745.90


LOUISE GRUBER LIBRARY FUND


1960


Principal of Fund $ 2,000.00


113.54


Receipts


Interest on:


2M U.S. Treasury 4% Bonds, Feb. 15, 1980. $ 80.00


North Avenue Savings Bank, Acct. #79392. . 6.13


86.13


Fund and Accumulated Income, December 31, 1960


$ 2,199.67


Investments


2M U.S. Treasury 4% Bonds, Feb. 15, 1980 $ 1,980.00


North Avenue Savings Bank, Acct. #79392. 219.67


$ 2,199.67


Balance of Income, December 31, 1959


$ 2,113.54


FRANCIS A. COUGHLIN, Town Treasurer CARMEN T. FORITANO, Town Accountant


MARGARET H. SPENGLER, CH. ROBERT J. BROSNAN NICHOLAS F. TROIANO J. MILTON WASHBURN, JR. MOLLY F. YOOD Board of Library Trustees


313


TRUST AND INVESTMENT FUNDS


Cemetery Funds


PERPETUAL CARE FUND 1960


Fund, January 1, 1960.


$409,798.00


Received for Perpetual Care of Lots .


17,291.00


Gain of Capital Assets Prior to 1960.


386.82


Gain of Capital Assets, 1960


1,332.00


$428,807.82


Balance of Income, January 1, 1960.


14,835.03


$443,642.85


Receipts


Interest on:


First National Bank Stock


$ 403.15


National Shawmut Bank Stock .


480.00


U.S. Treasury Series K Bonds 690.00


U.S. Treasury 2 1/2% Bonds 63/68 750.00


U.S. Treasury 4 3/4% Bonds, May 15, 1964.


712.50


U.S. Treasury 2 1/2% Bonds, 64/69. 125.00


U.S. Treasury 2 1/2% Bonds, 65/70.


1,875.00


U.S. Treasury 2 1/2% Bonds, 66/71.


625.00


U.S. Treasury 2 1/2% Bonds, 67/72.


157.50


U.S. Treasury 4% Bonds, Feb. 15, 1980


1,800.00


American Tel. and Tel. Bonds .


968.75


Arlington Five Cents Savings Bank, Acct. #72902 Boston Five Cents Savings Bank, Acct. #1039471 Cambridge Savings Bank, Acct. #159502.


694.26


275.51


3,009.87


Charlestown Savings Bank, Acct. #233796.


380.01


North Avenue Savings Bank, Acct. #78733. 642.18


Provident Institution for Savings, Acct. #603700.


310.29


15,046.52


$458,689.37


Payments


Box Rent


9.00


Disbursed from Fund to Town 15,037.52


15,046.52


$443,642.85


Investment Transactions in 1960


Received 26 3/4 Shares, Stock Dividend, First National Bank Withdrew $18.00 from Arlington Five Cents Savings Bank to Purchase 1/4 Share.


Investments


30M U.S. Treasury 2 1/2% Bonds, June 15, 63/68. . . $30,000.00 5M U.S. Treasury 2 1/2% Bonds, June 15, 64/69 5,000.00


75M U.S. Treasury 2 1/2% Bonds, March 15,65/70. . 75,000.00 25M U.S. Treasury 2 1/2% Bonds, March 15,66/71 . 25,000.00 63C U.S. Treasury 2 1/2% Bonds, March 15, 67/72 6,300.00


15M U.S. Treasury 4 3/4% Notes, May 15,1964 14,962.50


25M U.S. Treasury Series K Bonds, Jan. 1, 1966 25,000.00


45M U.S. Treasury 4% Bonds, Feb. 15, 1980. 44,531.25


5M Pacific Gas & Electric Bonds 1970. 5,000.00


100 First National Bank Shares 4,175.00


Southern California Edison Bonds .


997.50


Pacific Gas and Electric 3% Bonds


150.00


314


ARLINGTON TOWN REPORT


Investments (continued)


7 First National Bank Shares, Dist. at Par $ 350.00 27 First National Bank Shares, Dist. at Par 1,350.00 200 National Shawmut Bank Shares . 5,000.00 25M American Tel & Tel Bonds 7/1/90 25,000.00


21M Southern California Edison Bonds 7/1/82. 21,000.00


Arlington Five Cents Savings Bank, Acct. #72902. . 24,893.97


Boston Five Cents Savings Bank, Acct. #1039471. . 7,554.96


Cambridge Savings Bank, Acct. #159502. 86,377.12


Charlestown Savings Bank, Acct. #233796. 10,419.88


North Avenue Savings Bank, Acct. #78733. 18,118.30


Provident Institution for Savings, Acct. #603700 8,609.87


$443,642.85


SAMUEL C. BUCKNAM CEMETERY FUND 1960


Principal of Fund.


$2,000.00


Income Account


Balance Income January 1, 1960 .


682.31


Interest on:


2M U.S. Treasury 3 1/4% Bonds, June 15, 83/78 $ 65.00


Arlington Five Cents Savings Bank, Acct. #12248 23.31


88.31


$2,770.62


Investments


2M U.S. Treasury 3 1/4% Bonds, June 15 83/78. . $ 2,000.00


Arlington Five Cents Savings Bank, Acct. #12248. . . 770.62


Fund and Accumulated Income, December 31, 1960


$2,770.62


ROBBINS CEMETERY FUND 1960


Principal of Fund. .


$5,000.00


Income Account


Balance Income, January 1, 1960 1,836.95


Interest on:


5M U.S. Treasury 3 1/4% Bonds, June 15, 83/78 162.50


Arlington Five Cents Savings Bank, Acct. #6758 62.81


225.31


$7,062.26


Investments


5M U.S. Treasury 3 1/4% Bonds, June 15, 83/78 $ 5,000.00


Arlington Five Cents Savings Bank, Acct. #6758 2,062.26


Fund and Accumulated Income, December 31, 1960


$7,062.26


JOHN H. CALLAHAN, CH. ARTHUR L. MCAVOY T. GORDON SMITH Board of Cemetery Commissioners


FRANCIS A. COUGHLIN, Town Treasurer CARMEN T. FORITANO, Town Accountant


315


TRUST AND INVESTMENT FUNDS


FUNDS OF THE BOARD OF COMMISSIONERS OF TRUST FUNDS E. NELSON BLAKE JR. MEMORIAL FUND 1960


Principal of Fund. $3,000.00 . . .


Receipts


Interest on:


3M U.S. Treasury 4% Feb. 1980 $ 120.00 Arlington Five Cents Savings Bank, Acct. #12541 2.12 Cambridge Savings Bank, Acct. #179490. . 1.18


123.30


$3,123.30


Payments


Disbursed from Fund to Town


123.30


$3,000.00


Investments


3M U.S. Treasury 4% Feb. 1980 . $2,970.00


Cambridge Savings Bank, Acct. #179490. 30.00


$3,000.00


MARY CUTTER POOR WIDOWS' FUND 1960


Principal of Fund.


$ 613.11


Receipts


Interest on:


5C U.S. Treasury 2 1/2% Dec. 68/63 . $ 12.50


Arlington Five Cents Savings Bank, Acct. #15105 4.00


16.50


$ 629.61


Payments


Disbursed from Fund to Town


16.50


$ 613.11


Investments


5C U.S. Treasury 2 1/2% Dec. 15, 68/63 $ 500.00


Arlington Five Cents Savings Bank Acct. #15105 113.11


$ 613.11


WILLIAM CUTTER SCHOOL FUND 1960


Principal of Fund.


$5,354.00


Receipts


Interest on:


55C U.S. Treasury 2 1/2%, Dec. 15, 68/63 . . . . $ 137.50 Arlington Five Cents Savings Bank, Acct. #15102 7.79


145.29


$5,499.29


316


ARLINGTON TOWN REPORT


Payments


Disbursed from Fund to Town $ 145.29


$5,354.00


Investments


55C U.S. Treasury 2 1/2% Dec. 15, 68/63. . $5,162.04


Arlington Five Cents Savings Bank, Acct. #15102 191.96


$5,354.00


EDWIN S. FARMER POOR WIDOWS' FUND 1960


Principal of Fund.


$5,000.00


Receipts


Interest on:


5M U.S. Treasury 4% Feb. 15, 1980 $ 200.00


Arlington Five Cents Savings Bank, Acct. #40379 3.55




Need help finding more records? Try our genealogical records directory which has more than 1 million sources to help you more easily locate the available records.