USA > Massachusetts > Middlesex County > Newton > Town of Newton annual report 1887 > Part 4
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They further report that there remains due and uncollected the following taxes and assessments : -
Taxes of 1883 and previous years . $2,089 05
Taxes of 1884
1,656 58
Taxes of 1885
1,798 19
Taxes of 1886
3,300 11
Taxes of 1887
97,199 18
$106,043 11
Curbing and highway assessments . 833 49
Betterments on drains, Wards 1 and 2, esti-
mated
700 00
Betterments on Farlow Park . 344 00
Total
$107,920 60
Respectfully submitted.
B. S. GRANT, - -
JOHN WARD,
LEWIS E. COFFIN, WARREN P. TYLER, THEODORE W. GORE,
i
Committee
on
Finance.
31
LIABILITIES OF THE CITY OF NEWTON TO DEC. 31, 1887, INCLUSIVE.
Water loan, 6 per cent $600,000 00
Accrued interest on same 18,000 00
Water loan, 5 per cent 250,000 00
Accrued interest on same
6,250 00
Water loan, 4 per cent
265,000 00
Accrued interest on same
2,650 00
$1,141,900 00
Town note, 62 per cent .
$46,000 00
Accrued interest on same
581 59
46,581 59
Town notes, 6 per cent
$127,000 00
Accrued interest on same
1,894 28
128,894 28
Municipal bonds, 5 per cent
$34,000 00
Accrued interest on same
850 00
34,850 00
Public park bonds, 4 per cent,
$25,000 00
Accrued interest on same
250 00
25,250 00
Schoolhouse notes, 4 per cent .
$36,050 00
Accrued interest on same .
624 87
36,674 87
School loan bonds, 4 per cent .
$44,000 00
Accrued interest on same
440 00
44,440 00
High School loan, 32 per cent,
$40,500 00
Accrued interest on same
330 75
40,830 75
Amount carried forward .
. $1,499,421 49
32
Amount brought forward . High School land loan, 32 per cent .
. $1,499,421 49
$5,000 00
Accrued interest on same
45 69
5,045 69
Newton Free Library loan, 32
per cent .
$18,400 00
Accrued interest on same
155 63
18,555 63
Temporary loans .
$101,700 00
Accrued interest on same
745 88
102,445 88
Uninvested portion of princi-
pal of Kenrick Fund
$3,250 00
Accrued interest on same
142 19
3,392 19
Suspense account, amount in treasury, subject to call by sundry parties .
738 05
Read Fund income .
946 32
Premium on tax sale
109 00
Mayor's warrants unpaid, appropriation, etc., 19,965 39
Mayor's warrants unpaid, water construction .
1,202 02
$1,651,821 66
Amount carried forward .
. $1,651,821 66
33
Amount brought forward . . $1,651,821 66
DETAILED STATEMENT OF ASSETS.
Balance of taxes,
1879 to 1883 in- clusive
. $2,089 05
Balance of taxes,
1884 . . 1,656 58
Balance of taxes,
1885 . 1,798 19
Balance of taxes,
1886 . . 3,300 11
Balance of taxes,
1887 . . . 97,199 18
$106,043 11
Due from Commonwealth of Massachusetts, as follows : - On account of aid to soldiers and sailors under Chapters 301 and 252, Acts of 1879 .
1,500 00
Balance of corporation tax 11,000 00
Due from county treasurer, - dog tax for 1887 . 2,69J 40
Due from miscellaneous sources, viz. : -
From sundry persons for bet- terments on drains, Wards 1 and 2, estimated .
700 00
From sundry persons for bet- terments on Farlow Park 344 00
Amounts carried forward . $122,277 51 $1,651,821 66
34
Amounts brought forward . $122,277 51 $1,651,821 66
From sundry persons for side- walks, curbing assessments, etc. . 833 49
Cash on hand .
33,593 39
Sinking Funds.
Water debt sinking fund : - City of Newton
water bonds, 5 per cent . $62,000 00
City of Newton
water bonds,
4 per cent . 125,000 00
City of Newton schoolhouse
note, 4 per cent 5,150 00
Note of Boston
and Maine
R.R. Co., 5
per cent
29,000 00
Cash on deposit
on interest . 1,661 66
$222,811 66
City debt sinking fund : -
City of Newton
water bonds, 5 per cent . $11,000 00
Am'ts carried
forward . $11,000 00
$379,516 05 $1,651,821 66
35
Am'ts brought forward . City of Newton water bonds, 4 per cent . 15,000 00
$11,000 00 $379,516 05 $1,651,821 66
Note of Boston and Maine R.R. Co., 5 per cent . 3,000 00
Cash on deposit
on interest .
808 95
29,808 95
Public park sinking fund : - City of Newton water bonds, 4 per cent . $12,000 00
Cash on deposit
on interest .
2,153 88
14,153 88
School loan sinking fund : City of Newton water bonds, 4 per cent . $4,000 00
Note of Boston
and Maine R.R. Co., 5 per cent . 3,000 00
Cash on deposit
on interest
2,144 88
9,144 88
432,623 76
$1,219,197 90
36
RECAPITULATION.
Water Debt.
Water loan . $1,115,000 00
Accrued interest on same
26,900 00
Mayor's warrants unpaid for construction . 1,202 02
$1,143,102 02
Sinking fund .
222,811 66
Net water liability .
$920,290 36
City Debt, exclusive of Water Debt.
Town notes
$173,000 00
Accrued interest on same
2,475 87
$175,475 87
Municipal bonds
$34,000 00
Accrued interest on same
850 00
34,850 00
Public Park bonds .
$25,000 00
Accrued interest on same
250 00
25,250 00
Schoolhouse notes .
$36,050 00
Accrued interest on same
624 87
36,674 87
School loan bonds .
$44,000 00
Accrued interest on same
440 00
44,140 00
High School loan .
$40,500 00
Accrued interest on same
330 75
40,830 75
Amount carried forward .
$357,521 49
37
Amount brought forward .
.
$357,521 49
High School land loan
$5,000 00
Accrued interest on same
45 69
5,045 69
Newton Free Library loan
$18,400 00
Accrued interest on same
155 63
18,555 63
Temporary loans
$101,700 00
Accrued interest on same
745 88
Uninvested portion of prin- cipal of Kenrick Fund $3,250 00
142 19
Suspense account, amount in
treasury subject to call by sundry parties .
738 05
Read Fund income .
946 32
Premium on tax sale
109 00
Mayors' warrants unpaid, ap- propriations, etc
19,965 39
$508,719 64
Cash on hand .
$33,593 39
Sinking fund .
29,808 95
Public Park sinking fund
14,153 88
School loan sinking fund
9,144 88
Balance taxes uncollected
106,043 11
Other assets uncollected .
17,067 89
209,812 10
Net city liability
$298,907 54
102,445 88
Accrued interest on same
3,392 19
38
RECEIPTS.
The receipts for the year ending Dec. 31, 1887, are shown in the aggregates, as credited in the following accounts : -
Number of Account.
1. Almshouse $2,604 03
2. Armory . 800 00
3. Betterments 1,010 05
4. City Hall 839 50
5. Collector's fees 479 84
6. Corporation tax 39,733 51
7. Dog tax . 2,337 66
8. Druggists' license fees 19 00
9. Fire department 50 00
10. Funded debt, water bonds 84,000 00
11. Highways, general repairs
985 10
12. Interest on Farlow Park betterments 145 11
13. Interest on deposits 504 27
14. Interest on taxes 2,253 98
15. Interest on city loans 5 52
16. Interest on water bonds . 223 89
17. Indigent soldiers and sailors 439. 50
18. Kenrick Fund income 928 64
19. Miscellaneous . 281 56
20. National Bank tax . 11,259 96
16 00
21. Newton Free Library, catalogue account,
22. Police Department .
1,119 81
23. Poor out of almshouse
1,338 90
24. Peddlers' licenses . 44 00
Amount carried forward . · $151,419 83
39
Amount brought forward
$151,419 83
25. Public property.
533 14
26. Premium on tax sale 97 00
27. Premium on water bonds 148 00
28. Record and other fees
535 60
29. Read Fund income .
1,588 00
30. School incidentals .
22 64
31. Ships engaged in foreign trade
2,012 34
32. Sinking fund commissioners 20,000 00
33. Sidewalks and curbing 579 85
34. State aid
1,010 95
35. Taxes 1883 and previous years
15 84
36. Taxes 1884 6 88
37. Taxes 1885 513 25
38. Taxes 1886
75,575 25
39. Taxes 1887
425,826 66
40. Tuition for non-resident pupils
772 00
41. Temporary loans
465,700 00
42. Water meters and service-pipe
5,194 64
43. Water rates
17,788 54
44. Water rates by meter
39,460 51
45. Water Department.
2,310 76
46. Water construction
1,479 21
47. Water rebate .
15 76
Total receipts .
. $1,212,606 65
40
EXPENSES.
The claims for the year ending Dec. 31, 1887, as approved and drawn for in the auditor's office, are shown in the aggre- gates as charged to the following accounts :-
Number of Account.
1. Almshouse expenses and repairs $3,852 33
2. Armory expenses 843 95
3. Addition to Newton Free Library build- ing 11,520 58
4. Books, stationery, and printing
5. Board of Health 2,794 86
3,639 88
6. Burial grounds 393 12
7. City engineer's department 7,600 02
8. City Hall expenses . 1,923 19
9. Fire Department 27,061 77
10. Funded debt, town note . 20,000 00
11. Funded debt, schoolhouse note 5,150 00
12. Funded debt, school note for land . 5,000 00
13. Funded debt, High School building 4,500 00
14. Funded debt, Newton Free Library build- ing 4,600 00
15. Highways, curbing . 1,882 75
16. Highways, drains and culverts 10,170 98
17. Highways, general repairs 63,884 19
18. Highways, gravel land . 3,000 00
19. Highways, land damages 516 00
20. Highways, removal of ashes 3,293 82
21. Highways, sidewalks and street-crossings, 14,037 27
$195,664 71 Amount carried forward .
41
Amount brought forward . $195,664 71
22. Highways, widening, reconstruction and improvements 21,364 31
23. Interest on city loans, permanent 20,546 46
24. Interest on city loans, temporary 8,664 19
25. Interest on water bonds .
55,740 00
26. Indigent soldiers and sailors 853 00
27. Kenrick Fund income
173 74
28. Memorial Day 400 00
29. Miscellaneous expenses .
16,257 51
30. Newton Free Library
8,500 00
31. Newton High School building (enlarge- ment) . 21,726 59
32. Newton Cottage Hospital
1,000 00
33. Parks and squares . 2,291 69
34. Police Department . 23,344 85
35. Poor out of almshouse
8,269 41
36. Public property
13,161 12
37. Read Fund income .
1,901 49
38. Salaries .
16,492 52
39. Schools, conveyance of pupils
676 25
40. Schools, evening
1,217 89
41. Schools, general appropriation
102,815 65
42. Schools, incidentals
11,898 43
43. Sinking fund, city debt . 21,500 00
44. Sinking fund, school loan
4,500 00
45. Sinking fund, water bonds 20,000 00
46. Sinking fund, public-park loan
1,512 15
47. State aid 945 00
Amount carried forward .
$581,416 96
42
Amount brought forward .
$581,416 96
48. Street-light department .
24,002 02
49. Suspense account 40 00
50. Taxes, 1887, county
17,423 38
51. Taxes, 1887, corporation
2 22
52. Taxes, 1887, National Bank
1,609 80
53. Taxes, 1887, State .
37,260 00
54. Temporary loans .
433,700 00
55. Thompsonville Schoolhouse, land for
487 50
56. Water construction
77,511 28
57. Water maintenance
13,974 71
58. Water meters and service pipe
3,998 79
59. Water rebate . 363 05
60. Watering streets, and water for same 5,762 51
61. Water, use of hydrants
9,420 00
Total expenses .
. $1,206,972 22
TABLE SHOWING APPROPRIATIONS, TRANSFERS, MAYOR'S WARRANTS, TREASURER'S PAYMENTS, DIFFERENCES, EXCESS AND DEFICIENCY ACCOUNTS.
OBJECT OF APPROPRIATION.
Appropria- tions for 1887.
Trans- fers.
Total Appropria- tions.
Mayor's Warrants.
Treasurer's Payments.
Differ- ences.
Over- drawn.
Unex- pended.
'Almshouse expenses and repairs .
$4,000 00
-
$4,000 00
$3,852 33 843 95
$3,583 40 850 60
6 65
156 05
Books, Stationery, and Printing $2,300 00 }
2,600 00
2,600 00
2,794 86
2,435 98
-358 88
$194 86
Additional appropriation by order of City Council, 300 00 ) Board of Health .
4,000 00
4,000 00
3,639 88
3,435 89
-203 99
360 12
Burial grounds .
400 00
400 00
393 12
393 12
6 88
City Engineer's Department
7,600 00
7,600 00
7,600 02
7,534 46
-- 65 56
02
City Hall expenses
2,000 00
2,000 00
1,923 19
1,876 63
-46 56
76 81
Fire Department
.
.
26,200 00
26,200 00
27,061 77
27,373 23
311 46
861 77
Additional appropriation by order of City Council, 300 00 ) Highways, curbing . $1,500 00
2,000 00
2,000 00
1,882 75
1,500 00
-382 75
-
117 25
. Additional appropriation by order of City Council, 500 00 ) Highways, drains, and culverts
12,000 00
$1,500 00
10,500 00
10,170 98
10,599 44
428 46
329 02
Highways, general repairs
$60,000 00
61,160 10
1,500 00
62,660 10
63,884 19
63,675 90
-208 29
1,224 09
Highways, gravel land
3,000 00
3,000 00
3,000 00
3,002 25
2 25
-
-
Highways, land damages .
1,000 00
1,000 00
516 00
516 00
-
-
484 00
Ilighways, removal of ashes
4,000 00
4,000 00
3,293 82
3,342 79
48 97
706 18
Highways sidewalks, and street crossings $11,000 00 Additional appropriation by order of City Council, 3,300 00 Highways, widening, reconstruction, and im-
14,300 00
14,300 00
14,037 27
11,000 00
- 3,037 27
-
262 73
provements .
· $20,000 00
22,000 00
22,000 00
21,364 31
21,434 29
69 98
635 69
Additional appropriation by order of City Council,2,000 00 ) Indigent soldiers and sailors .
1,000 00
1,000 00
842 00
-- 11 00
147 00
Interest on city loans, permanent
20,545 00
1 46
20,546 46
853 00 20,546 46
20,546 46
-
-
-
.
.
.
.
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.
.
.
.
.
·
-
-
-
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43
-
-
-
-
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.
-
-
1
-
$147 67
Armory expenses
1,000 00
1,000 00
-
-
-
Additional appropriation by order of City Council, 1,160 10
-
-
-
$25,900 00
-- $268 93
EXCESS AND DEFI- CIENCY ACCOUNT.
TABLE SHOWING APPROPRIATIONS, TRANSFERS, ETC. - Concluded.
OBJECT OF APPROPRIATION.
Appropria- tions for 1887.
Trans- fers.
Total Appropria- tions.
Mayor's Warrants
Treasurer's Payments.
Differ- enees.
Over- drawn.
Unex- pended.
Interest on eity loans, temporary . $8,250 00 }
$8,305 65
$358 54
$8,664 19
$8,664 19
$8,648 02
#16 17
-
-
Additional appropriation by order of City Council, 55 65
Interest on water bonds .
56,100 00
360 00
55,740 00
55,740 00
55,740 00
Memorial Day .
400 00
400 00
400 00
400 00
Miscellaneous expenses
$7,500 00 }
15,500 00
15,500 00
16,257 51
18,725 11
2,467 60
$757 51
Additional appropriation by order of City Council,8,000 00
Newton Free Library
8,500 00
8,500 00
8,500 00
8,505 86
5 86
Newton Free Library note
4,600 00
4,600 00
4,600 00
4,600 00
Newton Cottage Hospital
1,000 00
1,000 00
1,000 00
1,000 00
Parks and squares
2,500 00
2,500 00
2,291 69
2,755 66
463 97
$208 31
Police Department
23,350 00
23,350 00
23,344 85
23,876 96
532 11
5 15
Poor out of almshouse
8,000 00
8,000 00
8,269 41
8,254 72
-- 14 69
269 41
Public property
13,000 00
13,000 00
13,161 12
14,283 73
1,122 61
161 12
Salaries .
16,145 00
16,145 00
16,492 52
16,374 75
- 117 77
347 52
Schools, conveyance of pupils
750 00
70 00
680 00
676 25
746 25
70 00
3 75
Schools, Evening
550 00
670 00
1,220 00
1,217 89
1,223 04
5 15
2 11
Schools, general appropriation
$101,000 00 )
103,337 66
500 00
102,837 66
102,815 65
102,815 65
-
-
22 01
Schools, Dog Tax 1886, by order of City Council, 2,337 66 )
Schools, incidentals .
12,000 00
100 00
11,900 00
11,898 43
13,653 21
1,754 78
1 57
Schoolhouse note (Williams and Eliot) .
5,150 00
5,150 00
5,150 00
5,150 00
Sehool note (land for High School)
5,000 00
5,000 00
5,000 00
5,000 00
School note (addition to High School building)
4,500 00
4,500 00
4,500 00
4,500 00
Sinking Fund, City Debt .
21,500 00
21,500 00
21,500 00
21,500 00
Sinking Fund, Sehool Loan
4,500 00
4,500 00
4,500 00
4,500 00
Sinking Fund, Water Bonds
20,000 00
20,000 00
20,000 00
20,000 00
State Aid .
1,000 00
- 1,000 00
945 00
956 00
11 00
55 00
.
.
1
.
-
.
-
.
.
-
.
-
-
-
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.
-
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-
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44
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EXCESS AND DEFI- CIENCY ACCOUNT.
Street Light Department . $22,000 00 }
24,000 00
-
24,000 00
24,002 02
23,565 41
-436 61
2 02
-
Additional appropriation by order of City Council,2,000 00 )
Use of hydrants
9,540 00
9,540 00
9,420 00
9,420 00
120 00
Water maintenance .
14,000 00
- 14,000 00
13,974 71
14,351 92
377 21
25 29
Water meters and service pipe .
4,000 00
4,000 00
3,998 79
4,105 80
107 01
1 21
Water, rebate on bills .
500 00
500 00
363 05
346 70
-- 16 35
136 95
Watering streets, and water for same .
$5,500 00 (
5,750 00
5,750 00
5,762 51
5,745 01
-17 50
12 51
-
Less mayor's warrants of 1886, paid by treasurer
$584,293 12
$7,785 07 -5,595 44
$3,830 83
$4,010 75
in 1887 .
$22,293 12
Less on account of Auburndale subway (special), 12 31
1
-
1
1
22,280 81
Amount of mayor's warrants for 1887, paid by treasurer in 1888; appropriations . . · . $19,965 39
$562,012 31
Transferred from city treasury from receipts of interest on water bonds for the payment of interest on the Kenrick Fund not included in mayor's warrants 125 79
-
-
-
20,091 18
$582,283 41
-
$582,283 41 $582,103 49
$582,103 49
$2,189 63
-
-
Transferred into treasury
-
-
I
-
1
-
$179 92
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.
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.
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45
*
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Additional appropriation by order of City Council, 250 00 )
3,830 83
·
PERMANENT DEBT - DESCRIPTIVE LIST.
Rate.
Date of Loan, Etc.
Payable.
Amount.
Interest when Payable.
Commonwealth of Massachusetts
6 per cent .
April
1, 1868,
April 1, 1888,
$30,000 00
April and October.
62 per cent .
April
21,1871,
April
21, 1888,
46,000 00
April and October.
00
per cent .
April
22, 1870,
April
22, 1890,
20,000 00
April and October.
66
6 per cent .
April
22, 1870,
April 22, 1892,
30,000 00
April and October.
66
6 per cent . .
March 10, 1875,
March 10, 1894,
47,000 00
March and September.
Municipal Bonds, $1,000 eachı .
5 per cent . .
July
1, 1875,
July
1,1895,
34,000 00
January and July.
Water Bonds, $1,000 each
6 per cent . .
July
1,1875,
July
1, 1905,
600,000 00
January and July.
66
$1,000 cach
.
5 per cent .
July
1, 1875,
July
1,1906,
250,000 00
January and July.
66
$1,000 cach
4 per cent .
Oct.
1, 1880,
Oct.
1,1910,
265,000 00
April and October.
Public Park Bonds, $1,000 cach
4 per cent .
June
1, 1883,
April
1,1908,
25,000 00
April and October.
Schoolhouse Notes, $5,150 cach
4 per cent . .
Jan.
25, 1884,
One each year,
36,050 00
January and July.
School Loan Bonds, $1,000 each
4 per cent .
April
1, 1885,
April
1, 1895,
44,000 00
April and October.
School Notes, $4,500 caclı .
32 per cent .
Oct.
6, 1886,
One cach ycar,
40,500 00
April and October.
School Notes for land, $5,000 cach .
. 3} per cent . .
Sept.
27,1886,
One each year,
5,000 00
April and October.
Newton Frce Library Loan, $4,600 each
3} per cent .
Oct.
4, 1887,
Onc each ycar,
18,400 00
March and September.
$1,490,950 00
.
66
.
.
46
.
.
.
47
STATEMENT OF THE KENRICK FUND.
The following is a statement of this fund and its income, Jan. 1, 1888 : -
Amount invested
$750 00
Cash uninvested
3,250 00
Total fund
$4,000 00
Balance income on hand, Jan. 1,
1887
$21 50
Income received in 1887, including
interest received, January, 1887,
for the year 1886
294 43
$315 93
Amount distributed
173 74
Balance
$142 19
The distribution of the income of this fund has been made in accordance with the terms of the donor, to persons entitled to its benefits.
TAXES AND TAXABLE VALUATION.
The following will show the valuation of the property of the city on which taxes were assessed for the year 1887, with the amount of taxes and rate of taxation :
Value of real estate
$23,080,866 00
Value of personal estate 9,196,441 00
#32,277,307 00
48
Tax received for corporation stocks $39,733 51 Tax received for bank stocks . 11,259 96
$50,993 47
City appropriations for current expenses
$562,080 00
Deduct estimated receipts for 1887
115,850 00
$446,230 00
State tax
$37,260 00
County tax
17,423 38
Overlay .
9,718 07
Total assessments .
$510,631 45
Rate of taxation, $15.80 on $1,000.
LEDGER BALANCES.
DR.
Betterments Farlow Park
$344 00
Betterments Newtonville drain
1,883 70
Bills receivable
250 00
Bills receivable Kenrick Fund
750 00
Cash
33,593 39
Public property owned by the City
980,177 85
Taxes 1883 and previous years
2,089 05
Taxes 1884
1,656 58
Taxes 1885
1,798 19
Taxes 1886
3,300 11
Taxes 1887
97,199 18
Water construction
1,118,339 11
$2,241,381 16
49
CR.
City of Newton $612,353 91
Funded debt 31 per cent library notes · 18,400 00
Funded debt 31 per cent High School notes, land · 5,000 00
Funded debt 32 per cent High School notes, building 40,500 00
Funded debt 4 per cent school notes · 36,050 00
Funded debt 6 per cent city notes . 127,000 00
Funded debt 61 per cent city notes 46,000 00
Funded debt 4 per cent school bonds 44,000 00
Funded debt 4 per cent park bonds
25,000 00
Funded debt 5 per cent municipal bonds 34,000 00
Funded debt 4 per cent water scrip 265,000 00 .
Funded debt 5 per cent water scrip
. 250,000 00
Funded debt 6 per cent water scrip
600,000 00
Kenrick Fund
4,142 19
Mayor's warrant unpaid bills .
19,965 39
Overlay 1884 .
432 66
Overlay 1885 .
3,336 44
Overlay 1886 .
2,706 00
Overlay 1887 .
4,001 20
Premium on tax sale
109 00
Read Fund income .
946 32
Suspense account .
738 05
Temporary loans
101,700 00
$2,241,381 16
50
REPORT OF THE SINKING FUND COMMISSIONERS.
The Sinking Fund Commissioners of the City of Newton beg leave to report to the City Council their doings for 1887 as follows : -
Water Debt Sinking Fund.
On hand in cash and securities at par, Jan. 1,
1887 $194,277 37
Received interest on securities, bank deposits and loans 8,534 29
Received appropriation by the City for 1887 . 20,000 00
$222,811 66
Invested as follows : -
City of Newton 5 per cent water bonds, due July 1, 1906 $62,000 00 City of Newton 4 per cent water bonds, due Oct. 1, 1910 62,000 00
City of Newton 4 per cent water bonds, due April 1, 1914 . 63,000 00
City of Newton 4 per cent school note, due Jan. 25, 1894 . 5,150 00
Loan to Boston and Maine Railroad 5 per
cent, due March 31, 1888 29,000 00
Cash on deposit in Everett National Bank 1,661 66
$222,811 66
City Debt Sinking Fund.
On hand in cash and securities at par, Jan. 1, 1887 $27,096 09
Received interest on securities, loans and bank deposits . 1,212 86
Amount carried forward . $28,308 95
51
Amount brought forward . $28,308 95
Received appropriation by the City for 1887 .
21,500 00
$49,808 95
Less paid City Treasurer to retire note due Oct. 3, 1887 20,000 00
$29,808 95
Invested as follows : -
City of Newton 5 per cent water bonds, due July 1, 1906 . $11,000 00
City of Newton 4 per cent water bonds, due Oct. 1, 1910 13,000 00
City of Newton 4 per cent water bonds, due April 1, 1914 . 2,000 00
Loan to Boston and Maine Railroad 5 per cent, due March 31, 1888. 3,000 00
Cash on deposit in Everett National Bank 808 95
$29,808 95
Public Park Sinking Fund.
On hand in cash and securities at par, Jan. 1, 1887
$12,131 47
Received on account of betterments collected by the city 1,512 15
Received interest on securities, loans and bank deposits . 510 26
$14,153 88
Invested as follows : -
City of Newton 4 per cent water bonds, due April 1, 1914 . .
$12,000 00
Cash on deposit in National Revere Bank 2,153 88
$14,153 88
52
School Loan Sinking Fund.
On hand in cash and securities at par, Jan. 1,
1887 .
$4,473 33
Received appropriation by the City for 1887 . 4,500 00
Received interest on securities and bank de- posits 171 55
$9,144 88
Invested as follows : -
City of Newton 4 per cent water bonds, due
April 1, 1914 . $4,000 00
Loan to Boston and Maine Railroad 5 per
cent, due March 31, 1888 3,000 00
Cash on deposit in National Revere Bank . 2,144 88
$9,144 88
The only transaction worthy of note during the year was the fact that we have paid the City Treasurer $20,000 from the City Debt Sinking Fund, to enable him to retire a note of same amount which fell due Oct. 3, 1887.
We 'also reported in October last that there should be appropriated for the year 1888 as follows : -
For the Water Debt Sinking Fund $22,000 00
For the City Debt Sinking Fund . 23,000 00
For the School Loan Sinking Fund 4,500 0,0
Respectfully submitted,
GEO. S. BULLENS, ALDEN SPEARE, GEORGE C. LORD, Sinking Fund Commissioners.
53
REPORT OF THE TRUSTEES OF THE READ FUND.
In accordance with Ordinance XLIV., Section 3, we beg leave to report to the City Council as follows : -
Amount of interest collected for 1887 $1,588 00
Less paid to the Treasurer of the City of
Newton 1.588 00
Principal invested as follows : -
Notes of the City of Newton, dated Dec. 1, 1887, on 12 months with interest semi- annually at 5 per cent per annum $39,700 00
GEO. S. BULLENS, ALDEN SPEARE, GEORGE C. LORD, Trustees of the Read Fund.
STATEMENT IN DETAIL OF RECEIPTS.
Almshouse.
Received from N. D. Moody, warden, for sale
of hay, straw, produce, wood, etc. $2,492 03
Received for support of Mrs. Thomas 55 00
Received for support of Mrs. Farnham 57 00
Total, as per item No. 1 of receipts $2,604 03
Armory.
Received from Commonwealth of Massachusetts for rent of armory for years 1886 and 1887, as per item No. 2 of receipts $800 00
54
Betterments.
Received from sundry persons on account of
Farlow Park, as per item No. 3 of receipts, $1,010 05
City Hall.
Received for use of hall, etc. $339 50
Received from treasurer of county of Middlesex, 500 00
Total, as per item No. 4 of receipts $839 50
Collector's Fees.
Received from John A. Kenrick, treasurer and collector of taxes, for summonses, adver- tising tax sales, etc., as per item No. 5 of receipts $479 84
Corporation Tax.
Received from Commonwealth of Massachusetts,
as per item No. 6 of receipts $39,733 51
Dog Tax.
Received from treasurer of county of Middlesex
for dog tax, as per item No. 7 of receipts . $2,337 66
Druggists' License Fees. Received from sundry persons for liquor licenses of the sixth class, as per item No. 8 of. receipts $19 00
Fire Department.
Received from town of Needham for services of Engine No. 3, as per item No. 9 of receipts $50 00
55
Funded Debt, Water Bonds.
Received from R. L. Day & Co. for 65 City of Newton water bonds, 4 per cent, $1,000 each, on account of water construction $65,000 00 . Received from I. A. Evans & Co. for 19 City of Newton water bonds, 4 per cent, $1,000 each, on account of water construction 19,000 00
Total, as per item No. 10 of receipts $84,000 00
Highways, General Repairs.
Received from almshouse department for manure from. city stables . $272 00
Received from' sundry persons for material, labor, etc. . 713 10
Total, as per item No. 11 of receipts $985 10
Interest on Farlow Park Betterments.
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