USA > Massachusetts > Middlesex County > Reading > Town of Reading Massachusetts annual report 1926 > Part 19
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81.26
K. Verheide
50.00
Vye-Neill Co.
42.50
Vye-Smith Co., Inc.
368.60
Wagner Electric Corp.
238.71
George H. Wahn Co.
1,772.61
Wakefield Concrete Block Co.
5.00
Wakefield Municipal Light Dept.
13.53
Waldo Bros. & Bond Co.
11.31
Wales Adding Machine Co.
17.25
Walker Dishwasher Corp.
3.52
Water Department
93.55
Waterproof Paint & Varnish Co.
250.00
Welsbach Co. of New England
11.84
Western Electric Co.
102.85
Westinghouse Electric & Mfg. Co.
2,667.57
Wetmore-Savage Co.
2,249.41
Wetmore-Savage Auto. Equip Co.
1,481.28
Wetmore-Savage Electric Supply Co.
2,926.75
Wheeler Condenser & Eng. Co.
40.54
C. H. Wheeler Mfg. Co.
240.49
A. W. Wiley
9.00
Wilmington High School
$5.00
Woburn Machine Co.
571.81
W. A. Wood Co.
19.85
H. P. Woodbury Co.
89.10
Worthington Pump & Machinery Corp.
3.63
Yawman & Erbe Mfg. Co.
9.35
Zanni & Co.
12.00
Total Payments
$262,684.56
Balance from 1925
7,353.18
.
$270,037.74 $270,037.74
292
BOARD OF PUBLIC WELFARE Special Account Cr.
Appropriation
Dr.
City of Boston, City Hospital
$ 141.42
Mass. Homeopathic Hospital
218.50
Total Payments
359.92
Balance to Revenue
146.86
$ 506.78 $ 506.78
SOUTH STREET. REPAIRS
Cr.
Balance from 1925
Dr.
Pay Roll
$ 79.67
Alden Speare's Sons Co.
16.71
$ 96.38
$ 96.38
RE-IMBURSEMENT. COLLECTOR OF TAXES
Cr.
Appropriation from Overlay Reserve Fund .
$ 763.28
Grace V. Viall, Collector
$ 763.28
$ 763.28 $ 763.28
SIDEWALK. READING SQUARE
Cr.
Appropriation
$ 1,000.00
Dr.
Pay Roll
$ 381.06
Barrett Co.
131.25
Davis & Abbott
6.15
Davis & Farnum Eng. Wks.
26.00
H. E. Fletcher Co.
35.96
Frederick Frotton
146.00
Gen. Crushed Stone Co.
147.83
Rensselaer Valve Co.
90.77
Roessler & Sons, Inc.
34.98
Total Payments
$ 1,000.00 $ 1,000.00
$
506.78
$ 96.38
Dr.
293
CHANNEL PROPERTY TAXES Cr.
Appropriation from Overlay Reserve Fund
$ 215.10
Dr.
Grace V. Viall, Collector
$ 215.10
$ 215.10 $ 215.10
SIDEWALK. MUNICIPAL BUILDING LOT Cr.
Appropriation
$ 3,000.00
Pay Roll
$ 2.80
E. A. Carpenter
2.56
Davis & Abbott
23.50
Simpson Bros. Corporation
2,965.12
W. E. & J. F. Twombly
4.88
U. S. Post Office
1.14
Total Payments
$ 3,000.00 $ 3,000.00
MEMORIAL DAY OBSERVANCE Cr.
Appropriation
Dr.
H. W. Batchelder
$ 1.50
Lydia M. Bixby Tent, D. of V.
27.01
Thomas F. Galvin, Jr.
15.50
Jacobs, Whitcomb Co.
21.88
Nuss's Military Band
165.00
W. E. & J. F. Twombly
15.25
John N. Weston
177.30
Total Payments
423.44
Balance to Revenue
76.56
$ 500.00 $ 500.00
CHILD WELFARE WORK
Cr.
Appropriation
Dr.
Mrs. Bertha Benjamin
$ 225.00
Charles R. Henderson, M. D.
75.00
$ 300.00
Total Payments $ 300.00 $ 300.00
Dr.
$ 500.00
294
MIDDLESEX COUNTY. AID TO AGRICULTURE
Cr.
Appropriation ...
...
Dr.
Agriculture Extension Service
$ 200.00
Total Payments
$ 200.00 $ 200.00
PLANNING BOARD. EXPENSES
Cr.
Balance from 1925
$ 153.74
Appropriation
250.00
Dr.
Warren H. Manning, Inc.
$ 62.61
Security Lodge I. O. O. F.
14.00
W. E. & J. F. Twombly
124.50
Total Payments
201.11
Balance to 1927
203.63
$ 404.74 $ 404.74
VICTORY HOUSE. MAINTENANCE
Cr.
$ 500.00
Dr.
Reading Post No. 62, American Legion
$ 500.00
$ 500.00 $ 500.00
SCHOOL LAND PURCHASE
Cr.
Balance from 1925
$ 19,161.67
Dr.
Jesse W. Morton, Atty
$ 248.50
Solomon Davis
3,315.00
Charles P. Howard
8,730.00
Ruth A. Lumsden
6,850.00
Total Payments
19,143.50
Balance to Revenue
18.17
$ 19,161.67
$ 19,161.67
Appropriation
.
$ 200.00
295
HIGHLAND SCHOOL LOT FENCE Special Appropriation Cr.
Appropriation
$ 37.50
G. A. Gates Co.
$ 37.50
Total Payments
$ 37.50
37.50
JUNIOR HIGH SCHOOL BUILDING Construction and Equipment
Cr.
Appropriation, Tax Levy
$ 45,000.00
Appropriation, Loans Authorized
330,000.00
Dr.
Adden & Parker
$ 13,386.38
Adden & Parker to Clerk of Wks.
385.00
Boston Publishing Co.
42.00
Davis & Abbott
302.14
P. G. DeArmond & Son
87,045.95
Globe Newspaper Co.
45.60
J. B. Hunter Co.
1.50
Prentiss & Parker
896.38
Harry E. Smith ..
4,141.85
W. E. & J. F. Twombly
27.25
B. F. Smith Co.
111.37
P. N. Sweetser
4,471.50
A. F. Wrightson
400.00
Water Department
1,148.59
Total Payments
112,405.51
Balance to 1927
262,594.49
$375,000.00
$375,000.00
SCHOOL LAND. SURVEY AND ESTIMATES
Cr.
Balance from 1925 .
$
2,351.67
Dr.
Jesse B. Davis
$ 515.52
Balance to 1927
1,836.15
$ 2,351.67 $ 2,351.67
Dr.
296
TEMPORARY LOANS Anticipation of Revenue
Outstanding Jan. 1, 1926
$115,000.00
Notes Issued in 1926
Month By whom purchased
Rate of disc. Amt.
Jau .- Old Colony Trust Co., Boston . .
3.78
$ 40,000.00
Apr .- First Nat'l Bank, Boston
3.59
50,000.00
June-Manhattan Woolen Co.
3.30
50,000.00
July-Manhattan Woolen Co.
3.40
30,000.00
Sept .- Manhattan Woolen Co.
3.75
50,000.00
Nov .- Atlantic Corporation, Boston
3.83
100,000.00
Dec .- Atlantic Corporation, Boston
3.80
50,000.00
$370.000.00
$485,000.00
Notes Paid in 1926
October
$ 50,000.00
November
235,000.00
December
50,000.00
$335,000.00
Outstanding Dec. 31, 1926
$150,000.00
TEMPORARY LOANS Anticipation of Serial Bonds, Junior High School
Month By whom purchased
Rate of disc. Amount
Nov .- First Nat'l Bank, Boston
3.87
$ 25,000.00
Dec .- Old Colony Trust Co., Boston
3.68 50,000.00
$75,000.00
ACCOUNTING MUNICIPAL LOANS SEWER DEPARTMENT LOANS ...
Outstanding Jan. 1, 1926
$175.000.00
Paid in 1926
Outstanding Dec. 31, 1926
8,000.00 167,000.00
$175,000.00 $175,000.00
WATER DEPARTMENT LOANS
Outstanding Jan. 1, 1926
$ 73,000.00
Paid in 1926
$ 9,000.00 64,000.00
Outstanding Dec. 31, 1926
$ 73,000.00
$ 73,000.00
297
MUNICIPAL LIGHT DEPARTMENT LOANS
Outstanding Jan. 1, 1926
$111,500.00
Bonds issued in 1926
13,000.00
Paid in 1926 Outstanding Dec. 31, 1926
12,800.00
111,700.00
$124,500.00
$124,500.00
MUNICIPAL BUILDING LOANS
Outstanding Jan. 1, 1926
$ 24,000.00
Paid in 1926
$ 2,000.00
Outstanding Dec. 31, 1926
22,000.00
$ 24,000.00
$ 24,000.00
MUNICIPAL AND LIBRARY BUILDING GROUNDS
Oustanding Jan. 1, 1926
$ . 3,500.00
Paid in 1926
$ 500.00
Outstanding Dec. 31, 1926
3,000.00
$ 3,500.00 $ 3,500.00
BROWN ESTATE LOANS
Outstanding Jan. 1, 1926
$ 3,500.00
Paid in 1926
$ 500.00
Outstanding Dec. 31, 1926
3,000.00
$ 3,500.00 $ 3,500.00
SCHOOL BUILDING LOANS
Outstanding Jan. 1, 1926
$ 6,000.00
Paid in 1926
Outstanding Dec. 31, 1926
$ 1,000.00 5,000.00
$ 6,000.00 : $ 6,000.00
RICHARDSON ESTATE LOANS
Outstanding Jan. 1, 1926
$
1,000.00
Paid in 1926
Outstanding Dec. 31, 1926
$ 500.00 500.00
$ 1,000.00 $ 1,000.00
PLAYGROUND PURCHASE NOTES
Outstanding Jan. 1, 1926
$
2,500.00
Paid in 1926
$
2,500.00
$ 2,500.00
$ 2,500.00
298
FUNDED DEBT Balancing Account
Total Debt, Jan. 1, 1926
$400,000.00
Mun. Light Dept. Bonds issued in 1926 13,000.00
Paid in 1926
Sewer Department Loans
$ 8,000.00
Water Department Loans
9,000.00
Light Department Loans
12,800.00
Municipal Building Loans
2,000.00
Municipal Building and Library Grounds Loans
500.00
Brown Estate Loans
500.00
School Building Loans
1,000.00
Richardson Estate Loans
500.00
Playground Purchase Note-
2,500.00
Total Payments 1926
$ 36,800.00
Total Debt, Dec. 31, 1926
376,200.00
$413,000.00 $413,000.00
SPECIAL DEBT ACCOUNT FUNDED DEBT MATURING IN 1927
Cr.
Appropriation, Tax Levy
$ 5,000.00
Appropriation from Excess & Deficiency Account
10,000.00
Transfer from Water Department
9,000.00
Transfer from Light Department
12,800.00
Dr.
Payment of Loans due in 1926 $ 36,800.00
$ 36,800.00
$ 36,800.00
FUNDED DEBT MATURING 1927
Sewer Department Loans
$ 8.000.00
Water Department Loans
9,000.00
Light Department Loans
15,800.00
Municipal Building Loans
2,000.00
Municipal and Library Building Grounds Loans
500.00
Brown Estate Loans
500.00
Richardson Estate Loans
500.00
School Building Loans
1,000.00
Total
$ 37,300.00
DETAIL OF PAYMENT BY YEARS
TOWN DEBT
Year
Sewer
Dept.
Water
Dept.
Mun.
Dept. Light
Mun.
Bldg.
Estate Brown
Mun. Bldg. Lib. and
Grounds
School
Dept.
Richardson
Estate
Playground
Property
Totals
1927
8,000.00
9,000.00
$15,800.00
2,000.00
500.00
500.00
1,000.00
500.00
.
$37,300.00
1928
8,000.00
9,000.00
14,800.00
2,000.00
500.00
500.00
1,000.00
35,800.00
1929
8,000.00
9,000.00
13,800.00
2,000.00
500.00
500.00
1,000.00
34,800.00
1930
9,000.00
9,000.00
12,800.00
2,000.00
500.00
500.00
1,000.00
34,800.00
1931
9,000.00
4,000.00
11,000.00
2,000.00
500.00
500.00
1,000.00
28,000.00
1932
9,000.00
4,000.00
11,000.00
2,000.00
500.00
500,00
27,000.00
1933
9,000.00
4,000.00
8,000.00
2,000.00
23,000.00
1934
9,000.00
4,000.00
6,000.00
2,000.00
21,000.00
1935
8,000.00
4,000.00
6,000.00
2,000.00
20,000.00
1936
8,000.00
2,000.00
4,000.00
2,000.00
16,000.00
1937
8,000.00
1,000.00
2,500.00
2,000.00
13,500.00
1938
8,000.00
1,000.00
2,500.00
11,500.00
1939
8,000.00
1,000.00
2,500.00
11,500.00
1940
8,000.00
1,000.00
1,000.00
·
.
.
.
.
.
.
·
8,000.00
1942
7,000.00
1,000.00
8,000.00
1943
7,000.00
7,000.00
1944
7,000.00
.
.
·
. .
. . . . .
7,000.00
1945
6,000.00
· .. . .
.
..
. .
.
.
.
.
.
.
..... . .
·
.
.
.
1947
6,000.00
. ... ....
.
..
.
. ......
. .. . .
.
.
.
1948
2,000.00
. . ..
. . .
. .
·
.
. . . . . . .
.
... ..
.
.
1949
2,000.00
...
·
..
·
. .
....
.
.
.
Totals $167,000.00
$64,000.00
$111,700.00
$22,000.00
$3,000.00
$3,000.00
$5,000.00
$500.00
$376,200.00
.
.
.
.
.
·
.
·
.
.
.
.
.
.
.
.
.
.
.
.
.
. ..
.
.
1946
6,000.00
6,000.00
... . .
6,000.00
. ..
. . .
.
10,000.00
1941
7,000.00
1,000.00
6,000.00
2,000.00
2,000.00
.
. .
. . .
.
.
.
·
300
BORROWING CAPACITY
Total Valuation
Abatement Val.
Net Valuation
1924
$12,535,348.00
$118,636.00
$12,416,712.00
1925
13,292,886.00
79,591.00
13,213,295.00
1926
13,819,558.00
49,472.00 13,770,086.00
Average net valuation 3 years
Three per cent is
$394,000.93
Total Funded Debt Dec. 31, 1926
$376,200.00
Less Exempted Loans : (Outside debt limit)
Water Department
$ 64,000.00
Mun. Light Department
111,700.00
Sewer Department
167,000.00
+342,700.00
$ 33,500.00
Loans authorized, not issued (Inside debt limit)
$255,000.00 $288,500.00
Borrowing Capacity Dec. 31, 1926
$105,500.93
Note: Loans, authorized, not issued (outside debt limit) $75,000.00.
ACCOUNTING TRUST FUNDS Balancing Account
On hand Jan. 1, 1926
$ 88,370.06
Received, . Gilman L. Parker Estate, Hospital
Fund
87,000.00
Sundry Parties, Cemetery Bequests
1,860.00
Interest and Premiums
11,374.18
Transferred to Cemetery Maintenance Acct .. .
$ 1,445.24
Transferred Library Trustees
116.35
Transferred for Scholarships
200.00
Reducing Bonds to Par
1,821.00
Interest paid on Securities Purchased
668.76
Balance Dec. 31, 1926
184,352.89
$188,604.24 $188,604.24
$39,400,093.00
$13,133,364.00
301
CEMETERY BEQUEST FUND Cr.
Balance Jan. 1, 1926
$ 38,141.46
Bequests, 1926
1,860.00
Interest, 1926
2,024.78
Premium on bonds sold
79.69
Dr.
Transferred to Cemetery Maintenance Acct. $ 1,445.24
Balance Dec. 31, 1926
40,660.69
$ 42,105.93
$ 42,105.93
LIBRARY FUND
Cr.
Balance Jan. 1,1926
$ 111.31
Interest
5.04
Dr.
Transferred to Library Trustees
$ 116.35
$ 116.35 $ 116.35
GEORGE F. BUCK FUND
Cr.
Balance Jan. 1, 1926
$ 76.18
Interest
3.44
Dr.
Balance Dec. 31, 1926
$ 79.62
$ 79.62 $ 79.62
READING HIGH SCHOOL SCHOLARSHIP FUND
Cr.
Balance Jan. 1, 1926
$ 5,041.11
Interest
211.84
Dr.
Transferred to Scholarships
$ 200.00
Balance Dec. 31, 1926
5,052.95
$ 5,252.95 $ 5,252.95
HOSPITAL FUND
Cr.
Balance Jan. 1, 1926
$ 45,000.00
Received from Gilman L. Parker Estate
87,000.00
Interest
9,049.39
302
Dr.
Interest Paid on Securities Purchased
$ 668.76
Reducing Bonds to Par
1,821.00
Balance Dec. 31, 1926
138,559.63
$141,049.39
$141,049.39
STATEMENTS OF INVESTED FUNDS Cemetery Bequest Fund
Balance Dec. 31, 1926
$ 40,660.69
Investments listed at par :-
U. S. Liberty Bonds, 4th. 414's, 1933-38 .. $ 12,000.00
N. E. Tel. & Tel. Co., Ist Mort. 5's, Series A, 1952 5,000.00
No. Pac. Ry. Ref. & Imp. 6's, Series B, 2047
5,000.00
N. Y. Cent. R. R. Ref. & Imp. 5's, Series C, 2013 4,000.00
Andover Savings Bank
3,000.00
Cambridge Savings Bank
3,000.00
Essex Savings Bank, Lawrence
3,000.00
Mechanics Savings Bank, Reading
5,660.69
$ 40,660.69
$ 40,660.69
READING HIGH SCHOOL SCHOLARSHIP FUND $ 5,052.95
Balance Dec. 31, 1926
Investments : -
Andover Savings Bank $ 1,000.00
Charlestown Five Cent Savings Bank 1,000.00
Essex Savings Bank, Lawrence 1,000.00
First Nat'l Bank, Reading, Savings Dept.
2,052.95
$ 5,052.95 $ 5,052.95
GEORGE F. BUCK FUND
Balance Dec. 31, 1926
$ 79.62
Investment :- Mechanics Savings Bank
$ 79.62
$ 79.62 $ 79.62
HOSPITAL FUND
Balance Dec. 31, 1926
$138,559.63
Investments, Securities Listed at Par or Less :-
St. Paul, Minn. & Man. Ry. Cons. 4's, 1933 $ 4,831.25 N. Y. Cent. & H. R. R. Deb. 4's, 1934. ... 4,737.50
Ill. Cent. R. R. Col. Tr. 4's, 1952
4,437.50
Boston & Albany R. R. Imp. of 1908, 4's, 1933 Old Colony R. R. 1st 5's, 1945
4,798.00
5,000.00
303
Am. Tel. & Tel. Col. Tr. 5's, 1946
5,000.00
N. Y. Tel. Co. 1st Gen. M. 41/2's, 1939. .. 4,950.00
Chicago B. & Q. R. R. Co. Ill. Div. "M"' 31/2 's, 1949 4,347.50
Ill. Cent. R. R. Co. St. Louis Div. 1st M. 3's, 1951
3,800.00
Con. Gas of Baltimore Gen. M. 412's, 1954
4,922.50
Conn. Lt. & Power Co. 1st Ref. S. F. 41/2's, 1956
4,787.50
U. S. Liberty Bonds 1st 31/2's, 1947
1,850.00
U. S. Liberty Bonds 2d 414 's, 1942
3,000.00
U. S. Liberty Bonds 4th 414 's, 1933-38. .
13,000.00
Baton Rouge Elect. Co. 1st Gen. M. Series A 51/2 's, 1954
3,000.00
Blackstone Valley G. & E. Co. 1st Gen. M. 5's, 1939
2,000.00
Conn. Lt. & Power Co. 1st Ref. S. F. 7's, 1951
2,000.00
The Grand Trunk Ry. of Canada 15 yr. Deb. 6's, 1936
2,000.00
The Grand Trunk Ry. of Canada 20 yr. Deb. 7's, 1940
2,000.00
Mississippi Riv. Power Co. 15 yr. Deb. 7's, 1935
4,000.00
Northern Texas Traction Co. 1st M. 5's, 1933
2,580.00
Pacific Coast Power Co. 1st M. 5's, 1940
1,000.00
Penna. Power & Lt. Co. 1st & Ref. Series A 7's, 1951
2,000.00
Puget Sound Power & Lt. Co. 1st & Ref.
Series A
3,000.00
Savannah E. & P. Co. Ist & Ref. Series A 71%'s, 1941
2,000.00
Staten Island Edison Corp. Ref. & Imp. Series A, 1953
2,000.00
American Mfg. Co. Com. 72 shares
7,200.00
Anaconda Copper Mining Co. 82 shares 2,035.00
Home Bleachery & Dye Works Pfd. 2 shares
11.00
Sharp Mfg. Co. Pfd. 37 shares
2,035.00
Sharp Mfg. Co. Com. 20 shares
220.00
Andover Savings Bank
5,000.00
Charlestown Five Cent Savings Bank
5,000.00
Essex Savings Bank, Lawrence
5,000.00
Mechanics Savings Bank, Reading
5,000.00
First Nat'l Bank, Reading, Savings Dept. 8,033.88
$138,559.63
$138,559.63
TOWN OF READING BALANCE SHEET DEC. 31, 1926 GENERAL ACCOUNTS
Cash in Banks and Office
$ 32,600.65
Taxes and Assessments Receivable
Taxes, 1924
27.25
Taxes, 1925
1,708.19
Taxes, 1926
144,979.75
Temporary Loans, Anticipation of Serial Bonds 75,000.00
Moth Assessments, 1926
414.60
Overlays Reserved for Abatements :
Sewer Assessments and Interest
1,154.55
For 1924 Taxes
$ 27.25
Sewer Rentals
423.00
For 1925 Taxes
1,708.19
Sidewalk Assessments, 1926 .
44.80
For 1926 Taxes
1,670.78
$148,752.14
Overlay Reserve Fund
$ 5,785.88
Loans Authorized, Not Issued .
$330,000.00
Moth Assessments, Revenue ·
414.60
Departmental Accounts Receivable :
3,140.69
Sewer Assessments, Revenue
$1,154.55
Sewer Rentals, Revenue .
423.00
Sewer Ass't Revenue due 1927 to 1936 9,170.49
Sidewalk Assessments, Revenue .
44.80
Municipal Light Dept. Advanced . . Municipal Light Dept .: Cash
150.00
354.00
Water Dept .: Cash
100.00
Overdrafts Forward to 1927 :
Election Expenses
$ 507.75
Interest
1,429.69
Snow and Ice Removal
1,638.86
Police Dept. Spec. Officers
921.58
Temporary Aid
200.66
Soldiers' Relief
179.62
Appropriation bal. forward to 1927: Drainage System Survey .... 1,000.00
Construction Drainage System . 812.29
$ 4,878.16
Departmental Accts. Rec., Revenue Water Dept. Account Rec., Revenue Mun. Light Dept. Acct. Rec., Re'ue Water Dept. Maint. Account ......
39,144.46
1,695.35
969.45 Sewer Dept. Maint. & Const. Acct. 14,608.52 Sewer Dept. House Connections Acct. Cemetery Reserve Fund 688.83
3,140.69
Municipal Light Dept. Accounts Rec. Tax Titles held by Town ..
39,144.46
6,797.35
23,518.71
$ 3,406.22
Sewer Ass't Appor'n Ree. 1927-1936 Water Dept. Accounts Rec. 354.00
9,170.49
Temporary Loans, Anticipation of Revenue . $150,000.00
Smith-Hughes Fund . 313.29
School Land Survey, etc.
1,836.15
Junior High School .
262,594.49
Forest Glen Cemetery
78.57
Water Mains Extension .
805.92
Planning Board Expenses
202.63
.
$267,330.05
Insurance Acc't Special
$ 50.01
Tax Titles Revenue . ..
6,797.35
Real Estate Sold For Taxes
2,200.00
War Poll Tax Refund
4,069.82
Excess & Deficiency Account
11,845.29
$598,606.65 DEBT ACCOUNTS
$598,606.65
Sewer Construction Loans $167,000.00
Water Department Loans 64,000.00
Municipal Light Department Loans .. 111,700.00
Municipal Building Loans
22,000.00
Mun. Bldg. & Library Gds. Loans
3,000.00
Brown Estate Loans
3,000.00
School Building Loans
5,000.00
Richardson Estate Loans
500.00
Net Funded Debt
$376,200.00
$376,200.00
TRUST FUNDS
$184,352.89
Cemetery Bequest Fund for Per- petual Care
$ 40,660.69
George F. Buck Fund 79.62
Hospital Fund
138,559.63
Reading H. S. Scholarship Fund .. 5,052.95
$184,352.89
$184,352.89
.
Trust Funds, Cash and Securities ..
,
306
REPORT OF TREASURER
To the Citizens of Reading:
My annual report as Treasurer is submitted as follows:
As authorized by vote at our March 8th meeting $13,000.00 of 4% Mun. Light Loan Bonds were issued and sold, dated Aug. 1, 1926, payable $3,000.00 Aug. 1, 1927, and $2,000 yearly, Aug. 1, 1928 to Aug. 1, 1932.
These bonds were sold to F. L. Dabney & Co., at 100.23.
BONDED INDEBTEDNESS
Bond and Notes January 1, 1926 outstanding $400,000.00
Mun. Light Loan Bonds 13,000.00
$413,000.00
Bonds and notes paid in 1926
$ 36,800.00
December 31, 1926 outstanding
376,200.00
$413,000.00
NOTES ISSUED IN ANTICIPATION OF REVENUE
January 1, 1926 outstanding
$115,000.00
Notes issued in 1926 370,000.00
$485,000.00
Notes paid during year
$335,000.00
December 31, 1926 Notes Outstanding
150,000.00
$485,000.00
NOTES ISSUED IN ANTICIPATION OF SERIAL BONDS Junior High School $ 75,000.00
Our Trust Funds have been increased this year by receipts from the Executors of the Gilman L. Parker Estate of $87,000.00 for the Hospital Fund with $500.00 interest.
An account of receipts and payments is shown on the following page and an itemized account of this with statements of our Trust Funds will be found in the Town Accountant's Report.
WILFRED A. BANCROFT, Treasurer.
Reading, December 31, 1926.
307
TREASURER'S REPORT, DECEMBER 31, 1926
Debtor
Balance, January 1, 1926
$ 52,837.94
Grace V. Viall, Collector
$479,244.85
C mmonwealth of Mass., Taxes, etc.
53,801.33
Municipal Light Dept., Receipts
233,486.24
Water Dept. Receipts
49,522.72
Sewer Dept., Guarantee Deposits
1,962.84
Dept. of Public Welfare, Receipts
4,372.83
School Dept., Receipts
12,061.02
Cemetery Dept., Receipts
5,738.91
Other Dept., Receipt's
4,426.53
Miscellaneous, Receipts
4,364.80
Interest on Deposits
1,295.81
Mun. Light, Bonds Sold
13,000,00
Mun. Light, Bonds Premium
32.79
Temporary Loans, Anticipation of Revenue
370,000.00
Temporary Loans Anticipation Serial Bonds
75,000.00
Trust Funds, Bequests and Interest, etc.
100,234.18
Trust Funds for Re-investment
34,328.39
Total Receipts
$1,442,873.24
$1,495,711.18
Creditor
Discount Temporary Loans
$ 10,6.5.94
Interest on Notes and Bonds, Funded Debt
9,253.75
(not incl. Water and Light)
State Taxes and Assessments
37,516.72
County Tax
17,854.37
N tes and Bonds paid during 1926
36,800.00
Temporary Loans Paid
335,000.00
Other payments
1,016,009.75
Total Payments
Ealance Dec. 31, 1926
$1,463,110.53 32,600.65
$1,495,711.18
308
GRACE V. VIALL, COLLECTOR,
Dr.
Amount uncollected, Dec. 31, 1925, account 1921 Tax $ 46.62
Interest collected, account 1921 Tax
11.87
uncollected, Dec. 31, 1925, account 1922 Tax
257.19
Interest collected, account 1922 Tax
18.95
uncollected, Dec. 31, 1925, account 1923 Tax
366.75
Interest collected, account 1923 Tax
32.05
uncollected, Dec. 31, 1925, account 1924 Tax
1,388.41
Interest collected, account 1924 Tax
127.62
66 uncollected, Dec. 31, 1925, account 1925 Tax
136,145.36
Interest collected, account 1925 Tax
4,551.50
uncollected, Dec. 31, 1925, account 1925 sewer
1,109.84
Interest collected, account 1925 sewer
25.81
Poll Tax Warrants, May and October, 1926
5,474.00
General Tax Warrant, Sept. 13, 1926
469,440.35
Moth Tax, Sept. 13, 1926
997.80
Sidewalk Betterment, 1926
86.16
Sewer Commitment for 1926
3,083.75
General Tax Warrant, Dec. 20, 1926
424.49
Interest collected, account 1926 Tax and Sewer
307.56
uncollected sewer rentals, Dec. 31, 1925
175.20
Sewer Rentals, Jan. 1, 1926
3,351.27
Sewer Rentals, July 1, 1926
3,639.24
Advanced payments on apportioned terest
sewer and in-
316.93
Sewer Betterment, Sept. 17, 1926
413.37
66 Advanced payment on unapportioned sewer better- ment and interest
57.97
Cost and charges
651.15
Received account redemption property
825.14
$633,326.35
309
IN ACCOUNT WITH TOWN OF READING
Cr.
Amount paid Treasurer account 1921 Tax
$ 58.49
paid Treasurer account 1922 Tax
276.14
paid Treasurer account 1923 Tax 398.80
paid Treasurer account 1924 Tax
1,426.73
abated account 1924 Tax
62.05
uncollected account 1924 Tax
27.25
paid Treasurer account 1925 Tax
135,947.27
paid Treasurer account 1925 Sewer
1,125.81
abated account 1925 Tax
661.36
cancelled account 1925 Moth Tax
1.50
transferred to Tax Title account Tax and Sewer
2,388.38
uncollected account 1925 Tax
1,708.19
paid Treasurer account 1926 Tax
329,608.73
abated account 1926 Tax
1,680.00
uncollected account 1926 Tax
145,439.15
paid Treasurer account 1926 Sewer
1,931.68
uncollected account 1926 Sewer
1,154.55
paid Treasurer account 1925 Sewer Rentals
150.00
transferred to Tax Title account 1925 Sewer Rentals
25.20
paid Treasurer account 1926 Sewer Rentals
6,567.51
uncollected account 1926 Sewer Rentals
423.00
66
paid Treasurer advanced payments on apportioned Sewer
316.93
paid Treasurer account unapportioned Sewer
45.50
to be apportioned account 1926 Sewer Betterment in 1927
367.87
66 paid Treasurer account 1925 unapportioned Sewer and interest
57.97
paid Treasurer account costs and charges
508.15
paid Constable account costs and charges
143.00
66
paid Treasurer account redemption property
825.14
$633,326.35
GRACE V. VIALL, Collector of Taxes.
Reading, Mass., Dec. 31, 1926.
Approved: Leon G. Bent, Town Accountant.
310
REPORT OF INSPECTOR OF WIRES
To the Honorable Board of Selectmen:
Gentlemen :- I respectfully submit herewith my report covering the inspection of wires during the year ending December 31, 1926:
Number of recorded inspections 315
Number of old buildings wired. 33
Number of new buildings wired (not completed) 16
Number of new building wired (not completed) . 16
Number of buildings where additional wiring has been installed (and reported) 159
Inspections made for ranges.
38
Inspections made for hot water heaters
12
Inspections made for hot plates
6
Inspections made for oil burning outfits
12
Inspections made for heater blowers. 1
Inspections made for motors. 12
In addition to the above brief outline of the year's work, I have made it a point to investigate each fire where electricity was being used in the premises. In most cases I have consulted with the Chief of the Fire De- partment, and I can truly report that in no case which I know of, can a fire be directly attributed to faulty electric wiring of electrical equipment.
There is considerable wiring being done, both by licensed and un- licensed men in the Town of Reading which is neither reported nor in- spected.
The property owners of the Town of Reading are paying for electrical inspection service and they are entitled to receive it. The only way they can be sure of receiving it, however, is to make sure that whoever installs electric wiring in their property makes proper report of the same to the Inspector of Wires.
The following paragraphs are taken from the printed "Rates, Rules and Regulations of the Municipal Light Department governing the use of Electricity for Light, Heat and Power in the Town of Reading," which were put in effect February 1, 1925. These Regulations should be observed by both consumers and electricians :
"All interior wiring must be examined and approved by the Inspector of Wires before the electricity is turned on."
When customers arrange for additional lights, motors or other appli- ances this Department should be notified so that wiring may be inspected and the size of meter, transformer or service wires changed if necessary.
311
The Light Department reserves the right to discontinue the service and remove its property from the premises of the customer in case of non-payment of bills when overdue or non-compliance with any of the requirements.
The removal and renewal of defective poles and wires, together with the installation of special tree wire has been continued this year.
The Eastern Massachusetts Street Railway Company has made arrange- ments to abandon some of their poles on Main Street south of the Boston & Maine Rairoad crossing, and it is hoped that eventually they will abandon the rest of this line, thereby doing away with one line of poles.
Respectfully submitted,
CHARLES P. STRATTON, Inspector of Wires.
.
REPORT OF BOARD OF APPEAL
To the Honorable Board of Selectmen:
Gentlemen :- The Board of Appeal held a public hearing on Friday evening, December 17, 1926, on petition of Nathan M. Carman, seeking a variation of the Zoning By-Law, with respect to its application to his premises on the east side of Main Street, adjoining the Stoneham town line.
Upon the facts presented, the Board was of the opinion that the pe- tition could not be granted without substantially derogating from the intent and purpose of the Zoning By-Law of the Town, and the petition was therefore denied.
HENRY Q. MILLETT CARL M. SPENCER
FRED L. NUTTER
Board of Appeal.
312
REPORT OF PLANNING BOARD
The year 1926 proved to be a busy but most interesting one for the Planning Board. The work started with a series of Public Hearings on the Zoning question on Wednesday, January 6th, in Community Hall. The following week, January 13th, the second was held in Enterprise Hall, and on the 20th the third and last. The subject was thoroughly discussed and changes made in the Zoning map to suit citizens from different districts of the town. During March and April Board meetings were held, with the majority of the members present. Much time was devoted to the dis- cussion of proposed amendments to the Zoning law which was drawn up by our chairman, Mr. Weston, the previous November. Many hours of
study and discussion have been spent by the Board during the past year. At the annual town meeting on March 8th, the Zoning law was presented to the voters. Owing to the lengthy discussion on the Electric Light questi on, Article 23, which was the one on Zoning, was laid on the table. On May 9th an adjourned special town meeting was held, at which the Zoning by-law was adopted by an overwhelming majority. Too much cannot be said of the splendid work done by our chairman, Mr. Weston. It would be difficulty to guess how many hours he spent working on the Zoning question. Mr. Manning acted as advisor to the Board during the year. In March Mr. Weston was the speaker at the Federation of Plan- ning Boards, and gave a most illuminating address. At the meeting held on June 2, the resignation of our chairman was regretfully accepted. Mr. Weston felt that it would be better that he hold no other office in addition to that of Town Counsel. Mr. Burnham was voted in as temporary chair- man. We have felt that we could do our town no better service than to help establish Zoning here.
Respectfully submitted,
HARRIETTE P. LEUCHTMAN, Secretary.
INDEX
-
Accountant
Board of Assessors
81
Board of Appeal
311
Board of Health
83
Board of Public Works
97
Chief of Fire Department 70
Chief of Police
69
Collector
308
Custodian of Veterans' Graves
76
Electric Light Commissioners
175
Forest Warden
75
Inspector of Animals
78
Inspector of Building
76
Inspector of Plumbing
84
Inspector of Wires
310
List of Jurors
8
Middlesex County Extension Service
79
Planning Board
312
Public Library
89
Public Welfare
67
School Committee
123
Sealer of Weights and Measures
77
Seleetmen
66
Superintendent of Fire Alarm
72
Tree Warden
75
Town Counsel
80
Treasurer
306
Trustees of Cemeteries
85
Town Clerk, Town Meetings .
11
Town Clerk, Dogs Licensed
51
Town Clerk, Births Registered
Town Clerk, Marriages Registered
53 58 63
Town Clerk, Deaths Registered
Town Officers
3
Visitor
68
Page 227
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