USA > Massachusetts > Middlesex County > Reading > Town of Reading Massachusetts annual report 1920 > Part 8
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The very long deliveries on cross arms, pins, insulators, wire, pole line hardware, meters and transformers during the past year has made it necessary to place orders well in advance and accept deliveries when it was possible to make them. I have felt that bet- ter service could be given if the necessary material for service con- nections and repairs was in our stock room when needed, rather than
123
wait for long deliveries. With the exception of copper wire there has been no reduction in the price of any of the materials which we use, in fact some have increased during the year.
I had hoped that it might be possible to make a reduction in the lighting rate before the end of the year, but on account of the large increase in expenses and reduction in power income it could not be done.
At the present time the business conditions do not seem to war- rant any large degree of optimism for a substantial increase in rev- enue in 1921.
In making my estimate I have allowed about the same rate of increase as last year, but if business resumes its normal course dur- ing the year, it may be possible to reduce the lighting rate. The es- timate for the year ending December 31, 1921 follows:
ESTIMATE FOR 1921 EXPENSES
For operation, maintenance and repair $ 93,949.16
For interest on bonds and notes 7,433.37
For depreciation (4% on $419,188.74) 16,767.55
For bond payments
13,000.00
For note payments 6,300.00
For loss in preceding year
5,168.32
Total Expenses®
$142,618.40
INCOME
From sales to private consumers
$126,238.40
From sundry items
500.00
From tax levy (at average cost per K. W. H. as defined by statute)
For Street Lights
$14,280.00
For Municipal buildings
1,600.00
Total to be appropriated 15,880.00
Total income $142,618.40
The following pages show considerable interesting data, and also the rates in effect at the present time.
Respectfully submitted, ARTHUR G. SIAS, Manager
WILLIAM G. LONG, GEORGE L. FLINT, FRANK E. CRAFTS, Municipal Light Board.
-
124
DATA FROM RECORDS OF PLANT
Kilowatt hours manufactured
2,297,237
Kilowatt hours for Reading Street Lights 175,704
Kilowatt hours sold 1,444,960
Kilowatt hours used at station and office 257,999
Kilowatt hours unaccounted for 418,574
Coal used, net tons 3,615
Average cost of coal per net ton
$10.354
Poles added
132
Feet of wire added
113,830
Motors connected
.
24
New Services installed
213
Street lamps installed
24
CONNECTED LOAD DECEMBER 31, 1920
Number of customers 2,617
Horse power in motors
812.5
Number of street lights
1,363
READING
Number of customers December 31, 1920 1,777
Number of 40 candle power street lights
7
Number of 60 candle power street lights
476
Number of 100 power street lights
11
Number of 250 candle power street lights
50
Number of 400 candle power street lights
1
Number of 600 candle power street lights
24
Horse power in motors 676
Earnings for year $90,876.37
LYNNFIELD CENTER EXTENSION
Number of Customers December 31, 1920 172
Number of 40 candle power street lights 122
Horse power in motors 15
Earnings for year $ 6,568.45
NORTH READING EXTENSION
Number of customers December 31, 1920 211
Number of 40 candle power street lights
255
Horse power in motors 92.5
Earnings for year $11,170.45
WILMINGTON EXTENSION
Number of Customers December 31, 1920 457
Number of 40 candle power street lights 417
Horse power in motors 29
Earnings for year $17,333.16
TABLE A
Year
Income from
Sale of
Electricity
Income from
Other Sources
Appropriations
from Tax Levy
Maintenance
Appropriations
from Tax Levy
Construction
Manufacturing
Expense
Distribution
Expense
Miscellaneous
Expense
Interest
Depreciation
Bond and
Note Payment
Total Cost
of Plant
December 31
1910
$25,668.87
$604.88
$10,000.00
$270.00
$13,228.57
$3,271.76 $4,429.32 $2,535.75 $3,556.00 $4,000.00 $135,992.62
1911
31,317.40
410.77
5,800.00
1,000.00
13,066.25
6,353.77
5,753.84
2,767.00
4,079.78
4,500.00
144,714.06
1912
37,171.93
599.07
5,000.00
5,500.00
17,546.87
5,605.41
5,605.18
3,018.21
4,143.80
7,200.00
173,091.96
1913
44,664.70
671.87
6,000.00
5,076.19
20,054.99
10,705.42 10,214.88
3,515.40
4,788.80
6,800.00
202,518.81
1914
49,799.75
791.14
4,500.00
4,132.07
19,014.03
7,784,82
8,697.05
4,453.33
6,051.08
9,000.00
233,509.58
1915
51,603.32
640.25
10,500.00
none
18,292.78
10,329.83
7,730.32
4,640.42
6,972.28
9,500.00
254,349.09
1916
61,900.01
911.69
5,000.00
none
22,261.19
13,986.22
8,316.39
4,704.99
7,597.47
10,800.00
269,898.27
1917
67,593.64
2,422.92
8,750.00
none
30,460.16
14,557.81 11,577.08
5,070.43
8,096.95
11,300.00
285,428.29
1918
78,096.09
1,537.86
11,000.00
none
41,006.13
13,572.51 11,311.54
6,882.24
8,529.85
14,800.00
348,871.08
1919
100,844.10
1,100.11
14,450.00
none
45,006.98
13,864.14 13,874.46
7,416.21 10,419.76
14,800.00
389,564.73
1920
126,152.11
1,094.66
11,000.00
none
56,187.74
17,085.95 17,142.48
7,850.70 15,507.13
18,300.00
421,048.20
for
for
1
TABLE B
Year
K. W. H. Generated
K. W. H. Sold
K. W. H.
Delivered to
Reading St. Lights
K. W. H. Used at
Station Stock Room
and ApplianceRoom
K. W. H.
Unaccounted For
Tons of Coal Used
(2240 Lbs.)
Average Cost of
Coal Per Ton
Number of
Customers
Number of Street
Lights
No. of Commercial
Lights in 40 W
Horse Power in
Motors
1910
698,597
300,861
227,100
16,269
154,367
1,561
$ 3.877
738
269
16,000
116 1-2
1911
771,011
367,317
244,055
15,403
144,236
1,614
3.742
888
382
19,867
215
1912
919,282
481,801
242,033
13,307
182,141
2,007
4.19
1,078
698
24,700
242 1-4
1913
1,045,592
599,893
255,744
15,283
174,672
2,393
4.414
1,263
903
27,191
272
1914
986,476
578,709
187,590
15,283
204,894
2,229
4.107
1,390
993
29,937
313 7-10
1915
980,688
548,607
156,505
10,403
265,173
2,052
4.008
1,599
1,181
33,731
381
1916
1,231,677
751,735
170,810
13,916
295,216
2,448
4.407/
1,805
1,225
36,700
441
1917
1,291,216
812,507
168,535
12,464
297,710
2,756
6.759
1,964
1,295
39,280
492
1918
1,318,546
976,121
125,820
10,573
206,032
2,990
8.82
2,083
1,303
41,660
672
1919
2,056,834
1,358,028
172,948
189,067
336,791
3,250
8.42
2,333
1,339
44,118
886
1920
2,297,237
1,444,960
175,704 257,999
418,574
3,228
10.354
2,617
1,363
48,378
Units
812.5
126
127
TABLE C Manufacturing Costs per K. W. H. Based on Total K. W. H. Delivered at Switchboard
Total
Year
Fuel
Labor
Repairs and other station expenses
costs
1910
.0086
.0075
.0026
.0187
1911
.0078
.0069
.0021
.0168
1912
.0091
.0071
.0027
.0189
1913
.0101
.0070
.0020
.0191
1914
.0092
.0082
.0017
.0191
1915
.0085
.0087
.0013
.0185
1916
.0087
.0071
.0022
.0180
1917
.0144
.0075
.0015
.0234
1918
.0200
.0085
.0025
0.310
1919
.0133
.0066
.0019
.0218
1920
.0162
.0071
.0009
.0242
TABLE D Averrge Cost per K. W. H. as Defined by Chapter 77, Acts of 1918
1911 1912 1913 1914 1915 1916 1917 1918 1919 1920
Operating
Costs :
.0412.0397.0483 .0362 .0586 .0467 .0577 .0538 .0509 .0558
Fixed
Costs :
.0185.0198.0176 .0254 .0299 .0261 .0249 .0274 .0213 .0259
Total
Costs :
.0597.0595.0659 .0616 .0885 .0728 .0826 .0812 .0722 .0817
128
ELECTRICITY
Street Lighting
Not accounted For 18.2 %
10.2%
Lighting
Commercial
23.5 %
Station and Office 11.2 %
GENERATED
Fig.1
FOR
Cooking and Heating
9.1 7%
Commercial Power. 27,8 %
INV
ACCOUNTED
Figure 1 shows graphically in percentage of K. W. H. generated, the number sold, used and unaccounted for
Current
129
INCOME
Cooking and Heating
Street Lighting
4.76%
Commercial Power
FROM
17.45 %
21.64%
Fig. 2!
11121810373
Commercial
Lighting
SALE.
56.15%
OF
Figure 2 shows graphically the percentage of income received from the different classes of service
130
MISTR
BUTTON
MANUFAC
Fuel
28.3%
24.1 %
AND
Other
Interest 5.9 %
920
Depreciation 11.7%
Bonds and Notes 13.8%
Operating Costs MAINTENANCE 162%
FOR
SIS02
Fig. 3
How Your Dollar Has Been Spent.
Figure 3 shows graphically in per cent. the division of expense
RING
Labor
131
RATES FOR ELECTRIC SERVICE
LIGHTING RATE :-
Reading-14 cents per kilowatt hour.
North Reading-16 cents per kilowatt hour.
Wilmington-16 cents per kilowatt hour.
Lynnfield Center-16 cents per kilowatt hour.
MINIMUM CHARGE
The minimum charge for lighting service will be $9.00 per year. payable 75 cents per month. The account will be reviewed annually and any charge in excess of electricity actually used will be credited provided $9.00 worth of electricity has been consumed during the year.
DISCOUNT
A discount of ten per cent will be allowed on all lighting bills, except minimum bills, if payment is received within fifteen days from date of bill.
No discount will be allowed when arrears are due.
HEATING AND COOKING RATE
Three cents per kilowatt hour.
MINIMUM CHARGE
The minimum charge for heating and cooking service will be $12.00 per year, payable monthly and adjusted yearly.
DISCOUNT
A discount of ten percent will be allowed on all heating and cooking bills, except minimum bills if payment is received within fifteen days from date of bill.
No discount will be allowed when arrears are due.
BATTERY CHARGING RATE
Electricity used exclusively for charging storage batteries for automobiles will be charged at four cents per kilowatt hour.
MINIMUM CHARGE
The minimum charge for charging service will be $12.00 per year payable monthly and adjusted yearly.
DISCOUNT
A discount of ten per cent will be allowed on all charging bills, except minimum bills, if payment is received within fifteen days from date of bill.
No discount will be allowed when arrears are due.
POWER RATES
The monthly charge will consist of, First, a service charge of $1.00 per month per horsepower of connected load. Second a cur- rent charge of:
132
51/2c per K. W. H. for the first 500 K. W. hrs. 4 c per K. W. H. for the next 1000 K. W. hrs. 31/2c per K. W. H. for the next 2500 K. W. hrs. 3 c per K. W. H. for the next 5000 K. W. hrs. 21/2c per K. W. H. for all additional K. W. hrs.
MINIMUM CHARGE
The minimum monthly charge will be the service charge, but in no case less than $1.00.
DISCOUNT
A discount of ten per cent will be allowed on all power bills, ex- cept minimum bills, if payment is received within fifteen days from date of bill.
No discount will be allowed when arrears are due.
LIST OF UNPAID BILLS
Addressograph Company
$ 7.65
American Steam Gauge & Valve Company
13.30
Ashton Valve Company
7.38
Wendell Bancroft & Company
10.00
American Railway Express Company
3.17
Boston & Maine Railroad
3,082.62
Bates Garage Company
306.93
Boston Lumber Company
374.32
Braman, Dow & Company
67.85
Geo. H. Buckminster Company
204.88
Caddy Electrical Equipment Company
23.00
M. F. Charles
28.38
A. W. Chesterton & Company
30.99
Clapp & Leach
17.53
Columbia Lamp Division
1,536.54
Crandall Packing Company
10.37
Cronkhite Company
31.73
Cummings Express Company
32.45
Geo. W. Davis Company
5.88
L. W. Dickinson & Son
34.00
Eagle Oil & Supply Company
23.19
Cambridge Auto Parts Company
30.00
Eureka Packing Company
13.43
Electric Welding Company
175.00
Engineering Supply Company
145.80
Fairbanks Company
20.52
Falmouth Electric Company .
15.00
Federal Sign System (Electric)
1.13
T. C. Fife
37.31
E. K. Flood
12.50
.
82.25
Electric Machine & Instrument Company
133
Foster McDonald Company
1,730.22
Francis Brothers
48.99
General Electric Company
94.80
Goulds Manufacturing Company
55.00
Thos. Groom & Company
45.77
E. W. Ham Electric Company
1,636.58
F. S. Hardy & Company
1,563.29
Hodson Brothers
5.05
Hoover Suction Sweeper Company
295.20
Hurley Machine Company
225.00
W. J. Jeandron
14.26
C. L. Jeanes & Company
45.90
Jenkins Brothers
14.57
M. K. Kendall & Company
35.00
Kendall's Garage
48.45
L. W. Kingman
74.32
Knowlton Rubber Company
6.44
Lewis Electric Supply Company
845.20
Library Bureau
7.47
Town of Lynnfield
331.50
J. M. Maxwell & Son
.
18.98
MacLeod & Henry Company
172.50
Miley Soap Company
28.00
New England Coal & Coke Company
11,735.77
Nela Specialty Company
25.38
Nineteen Hundred Sales Company
134.15
Town of North Reading
125.00
O. O. Ordway
2.50
E. B. Parker Company
8.00
Pettingell-Andrews Company
2,198.56
Prentiss & Parker
2,235.20
Quaker City Rubber Company
14.38
Reading Fire Department
15.00
Reading Garage
174.65
Simplex Electric Heating Company
52.17
South Fork Coal Sales Company
2,397.36
Spaulding-Moss Company
5.54
Standard Oil Company
165.44
Stoneham Battery Station
16.25
P. N. Sweetser
438.50
W. E. & J. F. Twombly
417.69
Upton Machine Company
2.16
Wagner Electric Company
400.00
Waldo Brothers & Bond Company
18.00
F. Wallace
1.68
Westinghouse Electric & Manufacturing Company
1,178.76
Wetmore Savage Company
1,151.33
.
.
.
134
Woburn Machine Company
6.75
W. A. Wood Company . 8.00
H. P. Woodbury Company
70.86
Yawman & Erbe Manufacturing Company
2.47
New England Telephone & Telegraph Company
163.11
J. A. LeFave
29.92
Lunt Moss Company
276.00
Nashua Machine Company
3.53
H. A. Stiles & Company
227.70
C. E. Stanwood
28.00
J. S. Temple Company
12.50
Landers, Frary & Clark
3.07
·
$37,472.97
135
REPORT OF AUDITOR FOR THE YEAR 1920
February 4, 1921.
TO THE MUNICIPAL LIGHTING BOARD, READING, MASS.
GENTLEMEN : At your request, I have made an audit of the books of account and records of the Lighting Department of the Town of Reading for the year ending December 31st, 1920, and submit the following comparative statements :
Assets and Liabilities, Dec. 31, 1920 and 1919.
Income and Expense for the years 1920 and 1919.
Profit and Loss and Surplus changes covering the same period.
List of Bonds and Notes originally issued and amounts out- standing Dec. 31, 1920.
APPROPRIATIONS
The town appropriated at its annual meeting $20,000.00 for construction purposes to be financed by an issue of bonds, and $11,- 000.00 for operating and maintenance to be paid from the tax levy of 1920. The proper entries have been made on the books of the department covering these appropriations.
CASH
The receipts and disbursements have been handled in the same form as in previous years. All receipts appear to be accounted for and disbursements represented by vouchers properly approved. Cash on hand was verified by bank records and outstanding checks which have been properly accounted for.
VOUCHERS
These were carefully examined as to distribution as well as calculations and found to be correct, properly approved and filed numerically together with the cancelled check showing payment. Sixteen checks drawn the latter part of December had not been re- turned but will be properly filed when received.
ACCOUNTS RECEIVABLE
All customers' accounts were carefully examined and the total is as represented in the statement submitted. I feel, however, that special effort should be made along the line of collecting as some of the accounts appear to be quite old, and may possibly become a loss to the Town. Bad debts should be charged off each year in order to make sure that sufficient appropriation is coming from the Town to fully pay for the operation of the plant, and these items must be considered each year.
136
SUPPLIES
Inventories were submitted by your department and were care- fully examined as to prices and extensions. Examination was also made to a certain extent to verify the quantities of different articles represented in the inventory, all of which proved satisfactory, and I believe that the inventory is fully supported by actual supplies on hand.
BONDS
$20,000 Construction bonds were issued, in accordance with votes passed at the annual meeting, dated May 1st, 1920, bearing interest at 5%, payable $1,000 each year for a period of twenty years. $12,000 of other issues of bonds have been paid during the year, and the increase in the outstanding bonds at the end of the year is $8,000.00.
NOTES
No notes have been issued during the year and $6,300.00 has been paid off, making a net reduction of this amount.
ACCOUNTS PAYABLE
The unpaid bills have been carefully examined, and the total is as represented on the statement. This amount is unusually large due to several reasons:
1st. The increase in the rate of depreciation, necessitating a greater transfer from the operating cash to depreciation cash.
2nd. The decrease in the appropriation made by the town for operating purposes.
3rd. The increased cost of fuel and general supplies.
4th. The business depression the latter part of the year caus- ing a decrease in the operating revenue.
5th. The necessity of carrying a large amount of coal and material on hand which is reflected in the statement of supplies, and which has been found necessary on account of delayed deliveries which would very much inconvenience the lighting plant.
INCOME AND EXPENSE
The gain in operating income over the previous year was $10,858.01 The gain in operating expense was 17,670.59
Showing a loss over the previous year of $ 6,812.58
The net result of the year's business considering all revenue shows a loss for the 12 months of $5,168.32 which turns the surplus of January 1st, 1920, amounting to $3,861.73 into a deficit of $1,306.59.
137
The books and records of the departments were found in ex- cellent condition and all courtesy was extended by those in charge of the various departments.
Respectfully submitted, CHARLES E. STANWOOD, Public Acountant and Auditor.
BALANCE SHEET, DECEMBER 31 ASSETS
Increase or
1920
1919
Decrease
Land
$ 2,575.80
$ 2,575.80
$ 0.00
Buildings
20,433.87
20,401.01
32.86
Steam Plant
81,776.36
75,855.26
5,921.10
Electric Plant
39,767.67
42,162.36
2,394.69
Street Lines & Wires
123,025.65
116,480.83
6,544.82
Transformers
21,671.33
18,460.55
3,210.78
Electric Meters
22,606.30
20,603.34
2,002.96
Street Lamps
12,803.47
12,775.82
27.65
Office & store equipment
1,571.60
1,425.25
146.35
Station tools & appliances
1,140.31
1,031.66
108.65
Dist. tools & appliances .
1,081.61
707.60
374.01
Auto account
2,892.24
1,181.62
1,710.62
$331,346.21
$313,661.10
$ 17,685.11
Cash :
Construction Fund
0.00
738.82
738.82
Depreciation Fund
...
0.00
438.80
438.80
Operating Fund
1,891.27
217.03
1,674.24
Reconstruction Fund .
6,343.31
0.00
6,343.31
Deposit Fund
332.26
822.47
490.21
Accounts Receivable :
Consumers
14,875.03
14,614.20
260.83
Miscellaneous
8,087.25
8,720.23
632.98
Supplies :
Line
12,821.52
8,245.30
4,576.22
Lamps-Commercial
1,741.53
1,382.12
359.41
Fuel
10,717.25
5,447.53
5,269.72
Oils, waste and station
715.29
390.55
324.75
Jobbing
4,485.30
5,361.00
875.70
Stationery
437.09
0.00
437.09
Prepaid insurance
2,154.46
607.45
1,547.01
64,601.56
46,985.50
17,616.06
Total Assets
$395,947.77
$360,646.60
$ 35,301.17
...
.
138
LIABILITIES
1920
1919
Increase or Decrease
Appropriations for const.
$ 30,678.26
30,678.26
$ 0.00
Loans Repayment Acct. .
152,900.00
134,600.00
18,300.00
Bonds outstanding
137,000.00
129,000.00
8,000.00
Notes outstanding
32,000.00
38,300.00
6,300.00
Loan-Town Treasurer
5,000.00
6,500.00
1,500.00
Guarantee Deposits
332.26
822.47
490.21
Accounts Payable
37,472.97
14,948.59
22,524.38
Accrued Interest-Not due
1,870.87
1,935.55
64.68
Total Liabilities
397,254.36
356,784.87
40,469.49
Surplus
1,306.59
3,861.73
5,168.32
Tot. Liab. & Surplus
$395,947.77
$360,646.60
$ 35,301.17
INCOME AND EXPENSES INCOME
Increase or
1920
1919
Decrease
Commercial lighting
$ 69,427.89 . $ 59,893.54
$ 9,534.35
Commercial power
25,380.22
22,566.67
2,813.55
Commercial cooking, etc.
6,008.30
4,197.60
1,810.70
Municipal lighting
1,401.63
1,218.68
182.95
Municipal power
1,639.58
2,077.11
437.53
Street Lighting:
Reading
11,000.00
14,450.00
3,450.00
North Reading
3,341.53
3,242.09
99.44
Wilmington
6,032.00
5,774.93
257.07
Lynnfield
1,647.12
1,642.54
4.58
Town of Wakefield-Power
70.16
82.54
12.38
Lowell Elec. Lght. Corp.
203.68
148.40
55.28
$126,152.11
$115,294.10
$ 10,858.01
EXPENSES
Fuel
$ 37,431.98
$ 27,372.51
$ 10,059.47
Oils and waste
102.69
248.16
145.47
Water for power
74.75
129.15
54.40
Labor at station
16,487.77
13,681.45
2,806.32
Repairs, buildings
103.78
37.42
66.36
Repairs Steam Plant
931.17
2,097.94
1,166.77
Repairs Electric Plant ..
457.40
539.84
82.44
Station tools and expense
598.20
900.51
302.31
Manufacturing Exp.
56,187.74
45,006.98
11,180.76
139
Care meters & com. lights
2,508.23
1,844.70
663.53
Care street lights . .. .
2,145.34
1,884.93
260.41
Incand. lamps-commercial
0.00
265.28
265.28
7,417.87
4,621.14
2,796.73
Repairs street lines . . Repairs transform. & met.
590.50
205.87
384.63
Distribution tools & exp.
221.09
208.36
12.73
Garage expense
4,202.92
4,833.86
630.94
Rent of stock room . .
150.00
150.00
0.00
Distribution Expense
17,235.95
14,014.14
3,221.81
Salaries of Board
225.00
225.00
Gen. salaries & clerk hire
9,579.70
6,979.58
2,600.12
Board expense . . .
143.38
389.55
246.17
General office expense ..
3,313.16
3,178.26
134.90
Overhead Expense . .
13,261.24
10,772.39
2,488.85
Insurance®
3,266.20
2,504.17
762.03
Taxes
465.04
447.90
17.14
General Expense
3,731.24
2,952.07
779.17
Total Expenses
90,416.17
72,745.58
17,670.59
Balance to Profit & Loss
35,735.94
42,548.52
6,812.58
$126,152.11
$115,294.10
$ 10,858.01
PROFIT AND LOSS
CREDIT
1920
1919
Increase or Decrease 6,812.58
Balance from operations
$ 35,735.94
$ 42,548.52
$
Rental of pole line
0.00
405.63
405.63
Interest rec'd-Bank bal.
283.08
255.85
27.23
Gain from jobbing
239.89
134.38
105.51
Prem. & Accd. Int .- Bonds
571.69
379.25
192.44
$ 36,830.60
$ 43,723.63
$ 6,893.03
.
.
140
DEBIT
Bonds paid
$ 12,000.00
$ 10,000.00
$ 2,000.00
Notes paid
6,300.00
4,800.00
1,500.00
Interest paid and accrued
7,850.70
7,416.21
434.49
Depreciation allowed
15,507.13
10,419.76
5,087.37
Bad debts charged off
288.91
266.18
22.73
Bond expense-Printing .
52.18
75.00
22.82
Balance to surplus
5,168.32
10,746.48
15,914.80
$ 36,830.60
$ 43,723.63
$ 6,893.03
SURPLUS ACCOUNT
Surplus, Jan. 1, '20 & 19
$ 3,861.73
$ 6,884.75
$ 10,746.48
Add: Net earning for 12
months
5,168.32
10,746.48
15,914.80
Surplus Jan. 1, '21 & '20
$ 1,306.59
$ 3,861.73
$ 5,168.32
BONDS AND NOTES
No. of issue
Date issued
Amt. of original
Payments on principal
Rate of Int.
Int. payable
For what issued
Amt. outstanding · Dec. 31, 1920
BONDS 1st
10- 1-94
$50,000.00
$1,000 yearly 10 years 2,000 yearly 20 years
4 1/2 %
Apr .- Oct.
Additions
13,000.00
2nd
10- 1-07
26,000.00
1,000 yearly 26 years
4 %
Jan.
15
Wilmington
3rd
7-15-11
20,000.00
2,000 yearly 10 years
4 1/4 %
Apr. 15
Station
4th
10-15-13
23,500.00
1,500 yearly Oct. 15
4 1/2 %
Mar. 15
Reading
5th
9-15-14
8,000.00
500 yearly Sept. 15
4 1/2 %
Apr.
1
Additions
46,000.00
6th
10- 1-17
55,000.00
3,000 yearly Oct. 1
4 1/2 %
July
1
7th
1-1-19
12,000.00
Jan.
1 Additions
11,000.00
1,000 yearly 4 years 500 yearly 16 years
on Jan. 1
4 %
Apr. Oct.
Establishing Plant
$ 8,000.00
July
15
Lines
2,000.00
Oct.
15
13,000.00
Sept. 15
5,000.00
Oct.
1
BONDS AND NOTES (Continued )
No. of
Date issued
Amt. of original
Payments on principal
Rate of Int.
Int. payable
For what issued
Amt. outstanding Dec. 31, 1920
8th
4- 1-19
20,000.00
1,000 yearly April 1 1,000 yearly May 1
5
May-Nov.
Additions
20,000.00
NOTES
ANNUALLY
8th
9-27-10
$12,000.00
$1,000 Mar. 27
4
3-27-9-27
N. Reading
$ 5,000.00
10th
4-16-13
13,500.00
1,500 Apr. 16
4-16-10-16
New Const.
3,000.00
11th
5-15-15
12,000.00
800 May 15
4
5-15-11-15
New Const.
8,000.00
12th
7-15-15
4,000.00
500 July 15
4 1-15 -- 7-15
Reading
1,500.00
13th
5-15-16
10,000.00
500 May 15-Nov. 15
4 % 11-15-5-15
New Const.
8,000.00
14th
9-22-17
6,500.00
500 Sept. 22
5 % 3-22 -- 9-22
New Const.
5,000.00
15th
11-20-19
3,000.00
1,500 Nov. 20
41/5 % 5-20-11-20
New Const.
1,500.00
43/4 %
Oct. 1 Apr. 1
Additions
19,000.00
9th
5- 1-20
20,000.00
$137,000.00
$ 32,000.00
issue
ANNUAL REPORT
OF THE
SCHOOL COMMITTEE
OF THE
TOWN OF READING
For the Year Ending December 31 1920
144
SCHOOL COMMITTEE
WALTER S. PARKER, Ch., 55 Walnut St.
LEONE F. QUIMBY, 25 Howard St.
ARTHUR N. MANSFIELD, 107 Woburn St. MRS. RUTH A. LUMSDEN, 116 Summer Ave JESSE W. MORTON, 114 Woburn St.
Term expires 1923 Term expires 1923 Term expires 1921
Term expires 1922 Term expires 1922
Superintendent of Schools
ADELBERT L. SAFFORD
8 Middlesex Ave.
Office High School. Hours: School days, 8.30 to 9.30 A. M.
Attendance Officer
EDWIN L. HUTCHINSON, 6 Grove St. Office, 187 Main Street
School Physician
CHARLES R. HENDERSON, M. D. 126 Woburn Street
Janitors
HIGH SCHOOL, Clement Gleason, 64 Orange St. $1,300.00
HIGH SCHOOL MATRON, Ara A. Pratt, 29 Orange St. 975.00
HIGHLAND SCHOOL, Jesse N. Hutchinson, 79 Bancroft Ave. 1,300.00
GROUARD HOUSE, Wm. Killam, 15 Locust St. 127.50
CENTER SCHOOL, David W. Pigueron, 88 Orange St. 975.00
UNION ST. SCHOOL, David W. Pigueron, 88 Orange St.
LOWELL ST. SCHOOL, Arthur J. Condry, 27 Hancock St. 375.00
PROSPECT ST. SCHOOL, W. Ralph Livingstone, Walnut St. 375.00
CHESTNUT HILL SCHOOL, Jos. J. Farpelha, Curtis St. 300.00
145
ORGANIZATION OF SCHOOL COMMITTEE
WALTER S. PARKER, Chairman ADELBERT L. SAFFORD, Secretary.
Sub-Committees
A. N. Mansfield
FINANCES AND ACCOUNTS L. F. Quimby
J. W. Morton
BOOKS AND SUPPLIES
J. W. Morton
Mrs. Ruth A. Lumsden W. S. Parker
SCHOOL HOUSES AND PROPERTY J. W. Morton
L. F. Quimby
RULES AND REGULATIONS Mrs. Elizabeth H. Brown L. F. Quimby
A. N. Mansfield
L. F. Quimby
TEACHERS AND SALARIES W. S. Parker
J. W. Morton
MUSIC AND DRAWING
Mrs. Ruth A. Lumsden J. W. Morton Mrs. Elizabeth H. Brown
-
COURSE OF STUDY
L. F. Quimby
Mrs. Ruth A. Lumsden J. W. Morton
4
A. N. Mansfield
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