USA > Massachusetts > Middlesex County > Reading > Town of Reading Massachusetts annual report 1927 > Part 19
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Book Value $ 1,575.75
Amount shown on Cards 1,575.75
Difference $ 0.00
The cards were examined and listed and found to be in agree- ment with amount shown in books. The passbook of the Mechanics Savings Bank was verified and found to agree with the books.
292
Interest on these deposits was paid to customers on December 31, 1927, as specified by law.
3. Plant Investment-$410,764.36:
Additions to plant during 1927 amounted to $35,452.57, consisting principally of services and extensions to Poles, Fixtures and Overhead Conductors. Depreciation in the amount of $24,533.58 was charged off besides $18,518.22, being spent for Maintenance charges. Schedule "A" shows detail of this investment.
4. Accounts Receivable-Electric-$20,724.52:
This class of receivables was test checked throughout the year and appeared to be kept neatly and accurately on Customers Cards. An amount of $2,261.73 was charged off on these receivables, as being worthless and uncollectible.
The balance taken from cards, on recap. sheet December 31, agreed with amount shown on books.
5. Accounts Receivable-Miscellaneous-$14,704.13:
Test checks were made on the Miscellaneous accounts and appear to be in good order. No amount was charged off as worthless, as the bookkeeper feels that all amounts are collectible.
The balances taken from customers' cards on recap. sheets Decem- ber 31, were checked and agreed with amount carried on the books.
6. Materials and Supplies:
Physical inventories were taken on all supply accounts as of December 31 by clerks of your department. These were checked by us as to price and extension. Adjusting entries were made, where necessary, to bring book values into agreement with amounts shown by inventories as taken.
We would recommend taking inventories in the future on December 1 of each year to relieve the employees of this extra work at the time of closing December 31, when there is naturally an extra amount of work to be cared for.
This would also enable your board to receive your annual audited statement at an earlier date.
7. Insurance Premiums Unexpired-$1,237.74:
The above amount consists of $638.69 General Insurance Premiums Unexpired, $599.05 Liability Insurance Premiums Unexpired. This has been verified with actual policies and Schedule "H" which is attached gives detail of coverage.
8. Bonds of Employees:
All employees and collection agencies who have access to funds appear to be bonded in amounts sufficient to cover ordinary losses.
9. Bonds-$89,000.00:
Bonds in the amount of $12,500.00 were retired during year and no new issues were made. Schedule "F" gives complete detail of bonds, as well as interest accrued on same December 31.
293
10. Notes Payable-$6,900.00:
Notes amounting to $3,300.00 have been paid and retired during 1927, and no new issues were made. See Schedule "F" attached for complete detail of notes as well as interest accrued on same.
11. Accounts Payable-$27,545.26:
A detailed analysis, as shown in Schedule "G" was made and found to agree with amount carried on books for this account.
There are some unpaid bills as far back as July 1927 in this list. 12. Due Town Treasurer-$9,768.71:
This amount represents :
1. Balance of Vouchers paid in excess of Cash Balance of Elec- tric Department in 1925 and 1926.
2. A fund in the amount of $250.00 carried as Petty Cash in the Electric Department.
This amount has been decreased during 1927 by $13,900.00, and we are informed by your bookkeeper that an endeavor will be made in 1928 to completely wipe out this amount, with the exception of the $250.00 petty cash fund which is carried over from year to year.
13. Electric Income-$221,343.72:
This amount represents amount of sales of electric energy and shows an increase of $19,387.69 over 1926, and an increase of $35,851.00 over 1925.
14. Electric Expenses-$177,610.60:
This amount represents expences due to electric operations and is an increase of $5.977.17 over 1926. The following data will show that this increased expense is much lower in proportion to increased revenue for the same period, then the last three years of operation. Total Oper. Ratio Total Expense
Gross Revenue Expense To Gross Revenue
1925
$185,965.97
$156,704.46 84.3%
1926
202,423.08 171,633.43 84.8%
1927 221,786.02 177,610.60 80.1%
15. Merchandise and Jobbing Reveneu-$1,248.65 (Loss):
This loss we are informed is accounted for by the fact that a campaign for the sale of ranges and water heaters was carried on during the year and free installations were made by the Department on each sale.
16. General:
In general the books and records are accurately and neatly kept. We would recommend, however, that names of all accounts be given in journal entries in preference to account numbers, and that a com- plete explanation accompany each entry.
Any entries which can be made in other books should not appear in the journal. It would be preferable to reopen either the voucher register, or the cash book, than to make entries omitted from these records in the journal.
294
We wish to thank all employees for their co-operation during our audit.
Yours very truly,
CHARLES E. STANWOOD & SONS,
F. J. Stanwood
R. B. Poland
By Francis J. Stanwood, Accountants & Auditors
F. J. Stanwood, Jr.
R. S. Parker
SCHEDULE "A" TOWN OF READING-MUNICIPAL LIGHT DEPARTMENT COMPARATIVE BALANCE SHEET AS OF DECEMBER 31 ASSETS
INCREASE
1927
1926
DECREASE
Plant Investment:
111 Land
$ 2,575.80
$ 2.575.80
113 Structures
37,437.27
37,437.27
Generating Plant-Steam:
114 Boiler Plant Equipment ..
33,870.87
36,816.16
2,945.29
115 Prime Movers & Auxiliaries
13,919.44
15,129.83
1,210.39
116 Turbo-Generator Units ...
21,706.32
23,593.83
1,887.51
117 Electric Plant-Steam .. . .
24,300.13
20,812.63
3,487.50
Transmission, Distribution & Storage:
125 Poles, Fixtures & O/H Cond.
183,466.96
170,701.28
12,765.68
128
Consumers' Meters
39,623.21
38,048.65
1,574.56
129 Consumers' Meter Inst.
5,571.69
5,205.93
365.76
130
Line Transformers
35,936.27
34,923.33
1,012.94
131 Transformer Installations
3,424.61
3,396.96
27.65
Utilization Equipment:
132 Street Lighting Equipment
8,502.80
10,774.71
2,271.91
133 Consumers' Premises Equip.
428.99
428.99
TOTAL PLANT INVESTMENT:
$410,764.36
$399.845.37
$ 10,918.99
General Equipment:
150 Office Equipment
3,057.00
2,863.00
194.00
152 Stores Equipment
564.27
446.33
117.94
153
Transportation Equipment
2,700.00
3,900.00
1,200.00
154
Laboratory Equipment
1,097.55
1,067.15
30.40
TOTAL INVESTMENTS
$418,183.18
$408,121.85
$ 10,061.33
Current Assets:
204-3 Petty Cash Fund
$ 250.00
$ 150.00
$ 100.00
204-2
Construction Fund
289.09
289.09
205
Consumers' Deposit Fund
1,575.75
1,403.75
172.00
295
207-1 Accts. Rec. Elec. Con.
20,724.52
21,783.50
1,058.98
207-2 Accts, Rec., Misc.
14,704.13
17,360.96
2,656.83
Material & Supplies:
209-1 Material & Supplies, Gen'1
28,206.98
25,050.68
3,156.30
209-2
Station Tools & Appli. ..
565.69
470.55
95.14
209-3 Dist. Tools & Appliances
1,955.21
1,821.37
133.84
209-4 Printing & Office Supplies
813.50
508.38
305.12
209-5 Lamps & Appliances
12,554.81
12,816.20
261.39
209-6
Coal Supply, Electric ..
1,926.03
1,408.12
517.91
209-9
Station Supplies ·
867.92
941.11
73.19
TOTAL CURRENT ASSETS
$ 84,433.63
$ 83,714.62
$ 719.01
Prepaid Accounts:
213-1 Insurance General
638.69
1,967.94
1,329.25
213-2
Insurance Liability
599.05
599.05
TOTAL PREPAID ACCOUNTS $ 1,237.74
$ 1,967.94
$ 730.20
TOTAL ASSETS
$503,854.55
$493,804.41
$ 10,050.14
LIABILITIES
INCREASE
1927
1926 DECREASE
301
Appropriation for Const.
305 Bonds
$ 30.678.26 89,000.00 6,900.00
$ 30,678.26 101,500.00 10,200.00
12,500.00
307
Notes Payable
3,300.00
TOTAL BONDS & NOTES
$ 95,900.00
$111,700.00
$ 15,800.00
Current Liabilities:
308 Accounts Payable
$ 27,545.26
$ 23,166.50
4,378.76
309 Consumers' Deposits
1,575.75
1,403.75
172.00
315
Due Town Treas. (Loan) ..
9,768.71
23,668.71
13,900.00
TOTAL CURRENT LIABILITIES Accrued Liabilities:
$ 38,889.72
$ 48,238.96
$ 9,349.24
314 Interest on Bonds & Notes
$ 1,076.16
$ 1,267.04
$ 190.88
Appropriated Surplus:
322 Loans Repayment
263,000.00
247,200.00
15,800.00
TOTAL LIABILITIES
$429,544.14 $439,084.26
$ 9,540.12
Profit & Loss:
400 Profit & Loss-Balance .. $ 74,310.41
$ 54,720.15
$ 19,590.26
TOT'L LIAB. & PROF'T & LOSS $503,854.55 $493,804.41
$ 10,050.14
SCHEDULE "B" TOWN OF READING MUNICIPAL LIGHT DEPARTMENT CONDENSED STATEMENT OF OPERATIONS-12 MONTHS ENDED DECEMBER 31, 7927 1927 1926
REVENUE FROM SALE OF ELECTRIC ENERGY:
501-1
Metered Sales Light
$120,889.07
$116,752.81
501-1
$ 4,136.26
54.5
57.7
501-2 Metered Sales-Combination Rate
5,702.97
501-2
5,702.97
2.6
501-3 Metered Sales-Power
38,334.35
32,556.89
501-3
5,777.46
17.3
16.1
501-4
Metered Sales-Heating & Cooking
23,793.22
22,638.70
501-4
1,154.52
10.7
11.2
505-1
Sales to Other Electric Companies ..
148.73
173.83
505-1
25.10
.1
.1
505-2
Street Lighting
27,516.05
25,311.66
505-2
2,204.39
12.4
12.5
505-3
Municipal Revenue
4,959.33
4,522.14
505-3
437.19
2.2
2.2
Total Revenue-Electric Energy
$221,343.72
$201,956.03
$ 19,387.69
99.8
99.8
REVENUE FROM MISC. ELEC. OPERATIONS
508 Rent from Property used in Oper. ...
$ 442.30
$ 467.05
508
$ 24.75
2
2
Total Electric Operating Revenue
$221,786.02
$202,423.08
$ 19,362.94
100.0
100.0
ELECTRIC OPERATING EXPENSES:
Production
$ 67,661.31
$ 88,478.94
$ 20,817.63
30.5
43.7
Transmission & Distribution
44,206.78
23,580.09
20,626.69
19.9
11.7
Utilization
6,656.98
5,769.37
887.61
3.0
2.8
Commercial
10,420.65
10,303.35
117.30
4.8
5.1
INCREASE DECREASE
RATIO
1927
1926
New Business
1,860.15
1.8
1.1
General & Miscellaneous
4,031.61 44,633.27
2,171.46 41,330.22
3,303.05
20.1
20.4
Total Electric Operating Expenses
$177,610.60
$171,633.43
$ 5,977.17
80.1
84,8
Net Operating Revenue
$ 44,175.42
$ 30,789.65
$ 13,385.77
19.9
15.2
550 Uncoll. Operating Revenue
2,261.73
1,873.86
550
$ 378.87
551 Taxes Assignable to Electric Oper.
692.21
472.50
551
219.71
Net Operating Income
$ 41,221.48
$ 28,443.29
$ 12,778.19
NON-OPERATING INCOME:
560 Merchandise & Jobbing Income
$ 1,248.65
$ 3,931.87
560
$ 2,683.22
563 Interest Income
23.47
42.83
563
19.36
566
Miscellaneous Non-Operating Inc. .
157.58
566
157.58
Gross Income
$40,153.88
$ 24,554.25
$ 15,599.63
DEDUCTIONS FROM GROSS INCOME:
576 Interest on Bonds & Notes Payable .. $ 4,763.62 $ 5,100.14
576
$ 336.52
Net Income
$ 35,390.26
$19,454.11
$ 15,936.15
298
SCHEDULE "C"
TOWN OF READING-MUNICIPAL LIGHT DEPARTMENT PROFIT AND LOSS ACCOUNT-12 MONTHS ENDED DEC. 31
Increase
1927
1926
Decrease
401 Balance, January 1st
$ 54,720.15
$ 48,066.04
$ 16,654.11
CREDITS:
Net Income from Schedule "B"
35,390.26
19,454.11
15,936.15
Total
$ 90,110.41
$ 67,520.15
$ 22,590.26
LESS:
Bonds Paid
$ 12,500.00
$ 9,500.00
$ 3,000.00
Notes Paid
3,300.00
3,300.00
$ 15,800.00
$ 12,800.00
$ 3,000.00
400 Balance, December 31st ..
$ 74,310.41
$ 54,720.15
$ 19,590.26
NET INCREASE IN PROFIT
AND LOSS FOR YEAR
$ 19,590.26 $
6.654.11 $ 12,936.15
SCHEDULE "D"
TOWN OF READING-MUNICIPAL LIGHT DEPARTMENT DETAIL OF OPERATING INCOME-DECEMBER 31
Increase
1927
1926
Decrease
METERED SALES-LIGHT:
Reading
$ 73,875.49
$ 72,418.80
$ 1,456.69
Lynnfield Center
7,718.02
7,631.95
86.07
North Reading
12,381.37
12,309.54
71.83
Wilmington
26,914.19
24,392.52
2,521.67
Total Light Income
$120,889.07
$116,752.81
$ 4,136.26
299
METERED SALES-COMBINATION RATE:
Reading
$ 3,567.45
$ 3,567.45
Lynnfield Center
314.51
314.51
North Reading
736.97
736.97
Wilmington
1,084.04
1,084.04
Total Combination Rate Income
$ 5,702.97
$ 5,702.97
METERED SALES-POWER:
Reading
$ 33,763.10 $ 27,968.95
$ 5,794.15
Lynnfield Center
381.03
358.77
22.26
North Reading
3,068.88
3,233.64
164.76
Wilmington
1,121.34
995.53
125.81
.
Total Power Income
$ 38,334.35
$ 32,556.89
$ 5,777.46
METERED SALES-HEATING & COOKING:
Reading
$ 14,873.71 $ 14,097.97 $
775.74
Lynnfield Center
1,285.45
1,296.14
10.69
North Reading
3,238.64
3,211.61
27.03
Wilmington
4,395.42
4,032.98
362.44
Total Heating & Cooking Income
$ 23,793.22
$ 22,638.70
$ 1,154.52
SALES TO OTHER ELECTRIC
COMPANIES
Wakefield
$ 54.35
$ 57.44
$ 3.09
Lowell
64.02
116.39
52:37
Lawrence
30.36
30.36
Total Income From Othe Cos.
$ 148.73
$ 173.83
$ 25.10
STREET LIGHTING:
Reading
$ 13,500.00 $ 12,000.00
$ 1,500.00
Lynnfield Center
1,844.44
1,768.56
75.88
North Reading
3,920.06
3,909.82
10.24
Wilmington
8,251.55
7,633.28
618.27
Total Street Lighting Income ..
$ 27,516.05
$ 25,311.66
$ 2,204.39
300
MUNICIPAL REVENUE:
Municipal Lighting
$ 2,585.75
$ 1,807.75
$ 778.00
Municipal Power
2,373.58
2,714.39
340.81
Total Municipal Income
$ 4,959.33
$ 4,522.14
$ 437.19
Total
Income from
Sales of
Electric Energy
$221,343.72 $201.956.03 $ 19,387.69
SCHEDULE "E" TOWN OF READING-MUNICIPAL LIGHT DEPARTMENT DETAIL OF OPERATING EXPENSES
PRODUCTION EXPENSE:
1927
1926
Increase Decrease
601-5
Labor
$
2,980.80
$ 20,275.84
$ 17,295.04
606 Boiler Fuel
4,902.67
37,245.06
32,342.39
607
Water for Steam
142.08
429.87
287.79
608
Lubricants
33.00
257.83
224.83
609
Station Supplies & Exp.
2,217.23
881.02
1,336.21
611
Mt. of Station Structures
5,827.05
433.10
5,393.95
612
Mt. of Boiler Plant Equip.
252.39
3,528.30
3,275.91
614
Mt. of Turbo-Gen. Units
1,095.45
1,334.00
238.55
615
Mt. of Elec. Gen. Equip.
50.44
399.87
349.43
616
Mt. of Acces. Elec. Equip.
164.22
350.78
186.56
634
Elec. Energy Purchased 1
49,995.98
23,343.27
26,652.71
$ 67,661.31
$ 88,478.94 $ 20,817.63
TRANSMISSION & DISTRIBUTION
EXPENSE:
63 Trans. Sta. & Sub. Supt. & Labor
$ 8,851.16
$ 8,851.16
637
Trans., Sta. & Sub. Supt. & Exp. 7,203.15
7,203.15
638
Oper. of Trans. Dist. Lines
16,358.19
12,102.85
4,255.34
639
Trans. & Dist. Sup. & Exp.
798.96
776.77
22.19
640 Inspect. & Test Meters
1,363.22
1,283.60
79.62
641
Remov. & Reset. Meters
1,442.00
784.47
637.53
642 Remov. & Reset. Transf.
615.84
521.17
94.67
647
Mt.of Trans. & Dist. Lines
6,860.16
7,737.51
877.35
650
Mt. of Consumers' Meters
132.70
67.14
65.56
301
651 Mt. of Transformers ...
601.40
306.58
294.82
$ 44,206.78
$ 23,580.09
$ 20,626.69
UTILIZATION EXPENSE:
654
Mun. St. Lamps, Labor ..
$ 1,114.80
$
1,083.78
31.02
655
Mun. St. Lamps, Sup. & Expense
2,100.16
1,736.66
363.50
657
Mt. Mun. St. Lamps ....
575.15.
322.91
252.24
659
Mt. Consumers' Instal.
2,866.87
2,626.02
240.85
$ 6,656.98
$ 5,769.37
$ 887.61
COMMERCIAL EXPENSE:
660
Commercial Salaries .
$ 8,243.30
$ 8,120.14
$ 123.16
661
Com'1 Supplies & Expense
2,177.35
2,183.21
5.86
$ 10,420.65
$ 10,303.35
$ 117.30
NEW BUSINESS EXPENSE:
662
New Business Salaries
$ 2,838.72 $
1,477.70
$ 1,361.02
663
New Bus. Sup. & Expense
23.58
6.00
17.58
664
Advertising
1,169.31
687.76
481.55
$ 4,031.61
$ 2,171.46
$ 1,860.15
GENERAL & MISCELLANEOUS EXPENSE:
666
Sal. Mun. Lt. Board & Mgr.
$ 5,200.00
$ 4,680.00
$ 520.00
667
Sal. Gen. Office Clerks ..
3,690.99
3,242.51
448.48
668
Gen. Office Sup. & Exp ...
955.75
885.10
70.65
670
Law Expense, General ..
74.71
74.71
671
Insurance
4,255.66
3,827.61
428.05
673
Accidents & Damages
. .
68.90
58.17
10.73
674
Store Expense
255.66
393.58
137.92
675
Transportation Expense. .
2,967.34
2,898.46
68.88
676
Inventory Adjustments ..
2,411.28
2,032.27
379.01
677
Mt. of General Structures
56.80
56.80
678
Depreciation
24,533.58
22,637.93
1,895.65
679
Misc. Gen'l Expense ...
237.31
· 599.88
362.57
$ 44,633.27
$ 41,330.22
$ 3,303.05
Total Electric Oper. Expense .. $177,610.60
$171,633.43
$ 5,977.17
. .
SCHEDULE "F" TOWN OF READING-MUNICIPAL LIGHT DEPARTMENT BONDS AND NOTES PAYABLE DECEMBER 31, 1927
BONDS
No. of
Date
Date
Original Amount
Rate of
Accrued Balance Interest
Purpose
1st
Aug.
1894
Oct. 1, 1894 $ 50,000.00
Establishing Plant
2nd
May
1907
Oct.
1, 1907
26,000.00
1,000 yearly
26 years
4. Apr 1-Oct. 1
$ 6,000.00
67.50
Additions Wilmington Line
3rd
June
1911
July 15, 1911
20,000.00
2,000 yearly
10 years
4 Jan. 15-July 15
4th
Aug.
1913
Oct. 15, 1913
23,500.00
1,500 yearly
9 years
41/4 Apr. 15-Oct. 15
5,000.00
4.4.27
Station
5th
Sept.
1914
Sept. 15, 1914
8,000.00
16 years
412 Mar. 15-Sept. 15
1,500.00
19.68
Reading
6th
Mar.
1916
May 15, 1916
10,000.00
20 years
4 Nov. 15-May 15
4,500.00
22.50
New Construction
7th
Mar.
1917 Oct. 1, 1917
55,000.00
18 years
41/2 Apr. 1-Oct. 1
25,000.00
281.25
Additions
8th
Oct. 1918 Jan. 1, 1919
12,000.00
4 years
41/2 Jan. 1-July 1
6,000.00
135.00
Additions
9th
Mar.
1919
Apr. 1, 1919
20,000.00
1,000 yearly
20 years
43/4 Oct. 1-Apr. 1
12,000.00
142.50
Additions
10th
Mar.
1920
May
1, 1920
20,000.00 1,000 yearly
20 years
5 Nov. 1-May 1
13,000.00
108.33
Additions
11th
Dec.
1923
Dec. 1, 1923
10,000.00
1,000 yearly
10 years
41/2 Jan. 1-Dec. 1
6,000.00
22.50
Additions
12th
Mar.
1926
Aug. 1, 1926
13,000.00
3,000 yearly
1 year
4 Feb. 1-Aug. 1
10,000 00
166.67
Garage and Storeroom
2,000 yearly
5 years
Total Bonds
.$267,500.00
$89,000.00 $
1,010.20
Issue
Authorized
Issued
Payments on Principal Interest Payable
4 Apr. 1-Oct. 1
$1,000 yearly 10 years 2,000 yearly 20 years
10 years
1,000 yearly 500 yearly
500 yearly 3,000 yearly 1,000 1936
1,000 yearly 500 yearly
16 years
·
NOTES
1st
Mar. 1895
May 1, 1896 $ 7,000.00
1,400 yearly
5 years
4 Nov. 1-May 1
2nd
Mar.
1896
May
1, 1896
7,000.00
1,400 yearly
5 years
4 Nov. 1-May 1
3rd
Dec. 1896
Dec. 9, 1896
1,500.00
1,500 yearly 1 year
4 June 9-Dec. 9
4th
Mar. 1898
July 15, 1898
3,000.00
1,000 July 15, 1901
334 Jan 15-July 15
5th
Mar.
1903
Dec. 7, 1903
1,400.00
2,000 July 15, 1904 1,400 Dec. 7, 1906
4 June 7-Dec. 7
6th
Mar.
1909
Nov. 15, 1909
2,500.00
1,000 Nov. 15, 1910 1,500 Nov. 15, 1911
4 May 15-Nov. 15
7th
Nov.
1909
Jan. 21, 1910
1,800.00
1,800 Jan. 31, 1913
4 July 21-Jan. 21
8th
Jan.
1910
Mar. 27, 1910
12,000.00
1,000 yearly 12 years
4 Sept 27-Mar. 27
9th
June
1911
July 12, 1911
2,200.00
2,200 July 12, 1912
4 Jan. 12-July 12
10th
Mar.
1913
Apr. 16, 1913
13,500.00
9 years
414 Oct. 16-Apr. 16
11th
Mar.
1915
May 15, 1915
12,000.00
15 years
4 Nov. 15-May 15
2,400.00
12.00
12th
Mar.
1915
July 15, 1915
4,000.00
8 years 13 years
5 Mar. 22-Sept. 22
1,500.00
20.42
14th
Nov.
1919
Nov. 20, 1919
3,000.00
1,500 yearly
2 years
5 May 20-Nov. 20
15th
Mar.
1921
July 1, 1921
7,000.00
1,000 yearly
7 years
6 Jan. 1-July 1
1,000.00
30.00
16th
Dec.
1922
Dec. 15, 1922
7,000.00
1,000 yearly
7 years 41/4 June 15-Dec. 15
2,000.00
3.54
Additions
Total Notes
$ 91,400.00
$ 6,900.00
65.96
Total Bonds & Notes .$358,900.00
$95,900.00
$1,076.16
Construction of Plant Construction of Plant Construction of Plant New Generator
Renewal of Note Lynnfield Center Lines
New Construction New Construction No. Reading Lines
New Construction New Construction Reading New Construction New Construction Additions
13th
Mar.
1917
Sept. 22, 1917
6,500.00
1,500 yearly 800 yearly 500 yearly 500 yearly
4 Jan. 15-July 15
304
SCHEDULE "G" TOWN OF READING-MUNICIPAL LIGHT DEPARTMENT DETAIL OF ACCOUNTS PAYABLE AS OF DECEMBER 31, 1927
Name
Amount
Date of Oldest Bill
Edison Electric Illuminating Co.
$ 4,841.33
December
M. S. Wright Co.
.42
66
Wetmore Savage Company
105.39
66
Westinghouse Elictric Company
257.77
George H. Wahn Company
348.45
Vye-McNeill Company
139.41
W. E. & J. F. Twombly
39.35
R. W. Totten
123.57
Sterling Battery Co.
17.50
66
E. C. Shaw
8.70
66
P. J. Seaman
4.45
66
Sager Electric Supply Co.
17.98
John A. Roeblings & Sons
52.50
Robbins-Phalen Company
157.62
Reading Motor Company
58.22
66
Pettingell Andrews Company
227.85
66
E. C. Packer
18.11
Packard Electric Company
5.00
North Reading Wagon Co.
16.04
New England Lamp Division
265.37
A Michelini
1.00
66
H. B. McArdle
38.60
66
James H. Matthews & Co.
2.58
Magee Sales
3.20
Magee Sales
8.92
66
Lowell Electric Corporation
3.24
Linscott Motor Company
7.70
Alec Lindsay
3.00
66
Lewis Electric Supply Co.
19.25
66
Kenney Service Station
149.04
Kelvinator, Inc.
463.33
D. E. Justice
2.50
44
John Street Garage
5.75
Hobbs & Warren
7.10
66
Earl Hobart
3.75
66
Graybar Electric Company
65.00
L. B. Gray
34.19
General Electric Company
31.50
..
€6
Simplex Electric Heating Co.
1.16
66
66
305
General Electric Company
2.74
Francis Bros.
50.39
W. E. Florence
32.52
G. H. Flint
3.50
T. C. Fife
7.85
Eureka Vacuum Cleaner Co.
108.00
Ellis Adding Type Co.
7.63
Edison Electric Illuminating Co.
1,046.25
Edison Electric Illuminating Co.
28.50
Edison Electric Appliance Co.
20.10
Frank Eaton
36.87
6 4
East Mass. St. Ry.
39.42
66
Pettingell Andrews Company
213.34
Forward
$
8,501.46
Brought Forward
$ 8,501.46
E. W. Eames
40.00
Dyer, Clark Company
244.51
L. W. Dickinson & Son
27.99
George W. Davis Company
4.13
Davis & Abbott
1.00
Cummings Express Company
22.95
Condit Electric Mfg. Corp.
322.73
Clapp & Leach, Inc.
460.97
Clapp & Leach, Inc.
157.70
A. W. Chesterton Company
7.89
Central Garage
2.55
66
George H. Buckminster
141.51
Charles A. Branson
2.08
Boston & Maine R. R.
64.69
Van I. Bennett
3.01
66
Wendell, Bancroft & Co.
5.76
Quaker City Rubber Co.
18.45
November
Lowell Electric Light Co.
5.22
F. S. Hardy & Company
109.96
Edison Electric Illuminating Co.
4,561.08
66
E. B. Currell & Son
500.00
Boston Electric Sales Co.
4.16
Wendell, Bancroft & Co.
.80
Automatic Electric Heater Co.
18.22
Wetmore Savage Company
73.27
Webster Thomas Company .
86.26
Waldo Bros. & Bond Company
13.00
66
. .
George H. Wahn
21.60
66
66
.
.
66
66
... .
.
1
306
Vye-Neill Company
17.55
Sterling Battery Company
24.00
Spaulding Moss Company
.40
66
Savogram Company
18.20
John A. Roeblings & Sons
121.90
John A. Roeblings & Sons
487.39
6 4
Robbins-Phalen Company
601.38
Pettingell Andrews Co.
363.49
Perrin Seaman Company
4.32
E. B. Parker Company
6.00
New England Lamp Division
1,019.68
. .
Matthias-Hart Company
9.50
H. B. McArdle
41.30
Magee Sales Company
8.92
Linscott Motor Company
3.20
Landers, Frary & Clark
93.00
66
Kelvinator, Inc.
45.44
P. S. Huckins Company
376.02
Hobbs & Warren
11.78
Earl G. Hobart
.50
F. G. Hardy & Co.
55.44
Globe Paper Company
5.83
Galoch Packing Company
6.55
T. C. Fife
1.37
Edison Electric Illuminating Co.
1,046.25
·
Forward
19,472.90
Brought Forward
19,472.90
Eastern Service Company
9.00
Eagle Oil & Supply Co.
18.73
Dyer, Clark Company
21.75
Duralectric Company
2.16
Miller Company
10.27
L. W. Dickinson & Son
.81
Davol Mfg. Company
1.38
George H. Buckminster
1,066.30
Van I. Bennett
8.42
66
J. B. Bailey
22.04
.
Automatic Electric Heater Co.
18.22
Wetmore Savage Company
48.50
October
Wagner Electric Corp.
2.45
Sterling Battery Company
25.50
66
Rochester Germicide Co.
12.00
..
..
66
66
66
66
66
66
307
Robbins-Phalen Company
· 163.95
Pettingell Andrews Co.
211.06
Olmstead Flint Co.
1.45
New England Lamp Division
766.31
H. W. Merrill
18.00
H. B. McArdle
14.30
66
Albert E. Mace
91.00
Kelvinator, Inc.
303.27
P. S. Huckins
184.53
66
Howland French Company
16.55
Hobbs & Warren
4.68
Hayes Pump & Machinery Co.
44.60
Graybar Electric Company
7.73
General Electric Company
558.34
East Service Company
114.00
Dyer, Clark Company
13.83
66
George H. Buckminster
132.33
Ansonia Electric Company
718.66
A. & J. M. Anderson Mfg. Co.
11.55
66
Acme Electric Heating Co.
1.91
Pettingell Andrews Company
144.92
September
Olmstead Flint Corp.
1.70
H. B. McArdle
15.75
Kelvinator, Inc.
711.45
John A. Roeblings
2,187.02
August
H. B. McArdle
7.35
H. B. McArdle
38.50
July
J. M. Maxwell, Jr.
3.38
€
Kelvinator, Inc.
704.49
U. S. Rubber Company
48.25
February
John A. Roebling & Sons
45.00
American Steel & Wire Co.
10.50
Kelvinator, Inc.
230.53
August
Standard Underground Cable
12.25
February
New England Tel. & Tel. Co.
59.11
December
Kelvinator, Inc.
100.36
Total Accounts Payable
$ 27,545.26
66
66
66
66
SCHEDULE "H" READING MUNICIPAL LIGHT PLANT December 31, 1927 UNEXPIRED INSURANCE PREMIUMS
Policy No. Name of Company Coverage
Amount
Premium
Premium Unexpired
Remarks
5123080 Travelers Ins.
Work. Comp.
$ 1,093.50 3-11-27 3-11-28
$
227.80
4796666 Travelers Ins.
Public Liab.
$10,000.00
20,000.00
1,485.00 4-1-27 4-1-28
371.25
$ 599.05
302024
Royal Indemnity
Engines
392.15
1-28-26 1-28-29
Canc. 2-14-27
1108
Royal Indemnity
Turbines
244.13
1-28-26 1-28-29
88.14
2287
Royal Indemnity
Wheels
25,000.00
21.15
1-28-26 1-28-29
7.67
406848
Royal Indemnity
Engines
23.93
10-1-27 2-1-28
Canc. 2-14-27
11.79
2.36
304135
Royal Indemnity
Machinery
10,000.00
1,168.42 1-28-26 1-28-29
297.31
389196
Royal Indemnity
Machinery
345.00 2-14-27 1-28-29
406845
Royal Indemnity
Machinery
60.00 10-1-27 2-1-28
12.00
Additional
Blanket
Town
Fire
Blanket
616.52 5-11-27 5-11-28
231.21
638.69
Total Unexpired Insurance Premiums
.$1,237.74
From
To
309
SCHEDULE "J"
TOWN OF READING-MUNICIPAL LIGHT DEPARTMENT LIST OF EMPLOYEES BONDED-DECEMBER 31, 1927
Amount
Name
Position
of Bond Premium
Ruth Westcott
Stenographer
$ 1,000.00
2.50
Addie M. Putney
Collector
1,000.00
2.50
Geo. Roundy
Collector
1,000.00
2.50
C. L. Thomas
Wire Inspector
1,000.00
2.50
A. G. Sias
Manager
1,000.00
2.50
E. O. Herrick
Appliance Sales Manager
1,000.00
2.50
J. R. Anderson
Collector
1,000.00
2.50
F. G. Sargent
Bookkeeper & Office Mgr. 1,000.00
2.50
P. E. Lane
Salesman
1,000.00
2.50
McLaughlin & Dennison
Collection Agency
1,000.00
2.50
C. E. Tasney
Meter Reader
1,000.00
2.50
C. P. Stratton
Engineer
1,000.00
2.50
Hazel Killam
Cashier
1,000.00
2.50
Christine Cheney
Clerk & Asst. Cashier
1,000.00
2.50
J. W. Babine
Meter Reader
1,000.00
2.50
Kathleen Merritt
Clerk & Asst. Cashier
1,000.00
2.50
E. F. Harnden
Salesman
1,000.00
2.50
S. S. Bell
Meter Reader
1,000.00
2.50
B. Downs
Salesman
1,000.00
2.50
$19,000.00
47.50
٤
INDEX
Page
Accountant
175
Board of Assessors
67
Board of Appeal
66
Board of Health
68
Board of Public Works
81
Chief of Fire Department
54
Chief of Police
51
Collector
254
Custodian of Veterans' Graves
73
Electric Light Commissioners
267
Forest Warden
59
Inspector of Animals
61
Inspector of Buildings
65
Inspector of Milk
62
Inspector of Plumbing
50
Inspector of Wires
65
List of Jurors
8
Middlesex County Extension Service
64
Notice to Parents, Housewives, Physicians and Midwives
30
Planning Board 259
Public Library
73
Public Welfare
48
School Committee
107
Sealer of Weights and Measures
63
Selectmen
47
Superintendent of Fire Alarm
56
Tree Warden
60
Town of Reading
8
Town Counsel
60
Treasurer
257
Trustees of Cemeteries
69
Town Clerk, Town Meetings
11
Town Clerk, Dogs Licensed
30
Town Clerk, Births Registered
32
Town Clerk, Marriages Registered
37
Town Clerk, Deaths Registered
43
Town Officers
3
Visitor
49
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