Annual Report of the Executive Department of the City of Boston for the year 1900. Part 2, Document 35

A N N U A L R E P O R T

S

i

N

k i n g

OF T H E

F U N D S D E P A R T M E N T ,

f o r t h e

Y E A R 1 9 0 0 .

[ Do c u m e n t 3 5 — 1 9 0 1 . ]

Bo a b d o f Co m m is s io n e r s o f Si n k i n g Fu n d s,

* Ci t y Ha u l, A p r il 4, 1901.

pHOMAs N. H

art

,

S

j

M ayor Of the C ity o f Boston :

llave the h ^ 6 Boarcl of Commissioners of Sinking Funds tlle transact01101, ° f Presentin^ the following report, showing

‘ 10ns during the year ending January 3 1 ,1 9 0 1 : A ||>o,mt

1900 Casp in treasury January 31, li

e c e i p t s

*1 ruing the year .

eilts during the year

P°tal casil January 31 , 19°1 . of iuvest-

lllVestnient1Uary31,1900, ® 24 , 079,630 00 during. +)S Purchased

le year . . 7 , 226,000 00

•13,617,463 93 11,125,441 30

$ 14 ,742,905 23 10,711,000 00

$4,031,905 23

rrie d fo rw a rd . $31,305,',630 00 4,031,905 23

2 C

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ocument

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. 35.

Brought fo rw a rd . $31,305,630 00 Investments matured and

cancelled during the

year . . . . 7,557,000 00

A m ount of funds January 31, 1901

$4,031,905 23

23,748,630 0°

W ith this report w ill be found the report of the Treasurei>

the annual statement of the Board, showing debt and f llll.T and a statement covering the w ork for tw enty years, 11,1 the report of the examiner.

Respectfully submitted,

N

athaniel

J. R

ust

, Chairman-

Bo s t o n, F eb ru a ry 27, 1®®

To the B o ard o f Commissioners of Sinking Funds of Boston :

G

entlemen

, — T h e undersigned herew ith presents ^ annual report as Treasurer of the Board of Commission61*5 Sinking Funds :

B a la n c e o f Cash, J a n u a ry 31, 1900...

R eceived in 1900-1901:

In te re s t on In v e s tm e n ts ...1...

In te r e s t on B a n k D e p o s its ...

R evenue fro m B e tte rm e n ts , Sales o f L a n d , etc. . . . . R eve n u e fr o m L a y in g .O u t a n d C o n s tru c tio n o f H ig h ­

w a y s ...

R evenue fr o m Sew erage W o rk s A ssessm ents . . . . A p p ro p r ia t io n f o r D e b t, 1900-1901...

P re m iu m o n L o a n s n e g o tia te d ...

In c o m e fr o m W a te r W o rk s f o r W a te r D e b t R e q u ire ­ m e n t ...

In v e s tm e n ts m a tu re d ... !. . .. . . . . .'. T ! ! ! ! ! ’ ! In v e s tm e n ts c a n c e lle d ...

D is b u r s e d i n 1900-1901:

C ity Treasurer fo r R edem ption o f M atured D ebt . Investm ents pu rch a se d ...

C a sh B a la n c e , J a n u a r y 31,1901___

$983,886 07 55,185 48 199,295 32

39,950 09 73,769 75 1,869,537. 00 140,328 64 206,489 00 2,557,000 00 5,000,000 00

$3,485,000 00 7,226,000 00

$3,617c

S

inking

F

unds

D

epartment

. 3

^ ^ ^ O U l t C E S O F T H E S I N K I N G F U N D S , J A N U A R Y 3 1 , 1901.

Si n k i n g Fu n d. Cash. Investments. To tal

Resources.

T Ve Year '“ L ib r a ry , Special... $75,941 51

77,319 95 $678,000 00

17,200 00 $753,941 51 94,519 95 1,061,735 99 7,103,134 46 R -'i-V ear ... ... i : . ” .

J lU r tv V , ... ...

S u b l i e f e - ... ...

£ublio. p J S * ... ...

1,222,276 62 2,209,052 11 237,952 11

7,857 06 24,220 50 24,210 77 12,246 48

1,190,300 00

C-ambri^ b r id g e ... 80,000 00

7,900 00 195.500 00 K ? n y B r f o t V d g e - " ...

«»Proved Im p ro ve m e n t... 32,120 50

219,710 77 248,246 48 t'Sw FerrvS?WeraK®...i . . ! !

L jy in s r .n iL L a n d in g ... 10,500 00

...^ u a C onstruction o f H ighw ays,

No. “ la n d C onstruction o f H ighw ays, 369,000 00 373,494 55

645,562 36 5 apid f e n s « ... ...

B fP id T ra n s it’ ife r le s to w n B ridge, No. i . ..

S rh 6 H ill andt r n n arlestow n B ridge , No. 2 ...

sS °ol-hon?„ ° ‘ her Avenues . . . ...

1,220 96 4,173 39 25,943 32 8,787 55 7,485 72

58,300 00 69,000 00 318,100 00

454,582 49 59,520 96 73,173 39 344,043 32 S ? ° ° l- h o n ^ S> ? ° - 1 ...

I ^ e r a g e 1! as- N °- 2 . . . . 35, /8 i 55

183,485 72

§°Pth i f ® .L °a n ...

i° p th & s ta tio n , n o. v . : : : : : : : : : : : : : : : : : : 1,038,941 01 34,406 92 323 28 61,824 12

192,000 00 25,000 00 16,500 00 550,500 00 8,598,780 00

1,230,941 01 59,406 92 16,823 28 612,324 12 s fe k e t or o tu t l l t l °n , No. 2...

& # ? lk Coi?ni*er. p » b lic P urposes...

F °® hitu ara u” ty Court-House1...

“ loaeys F W a te r... " ,

-— ^ S e d u c tio n o f D e b t... 408 88 408 88

^ ... = $4,031,905 23 $23,748,630 00 $27,780,535 23

D

ebt liabilities of the sinking funds

, J A N U A R Y 31, 1901.

,As s i«c a i-io n of De b t.

& T e a r c L ib r a r y , S p e c ia l...

P A S S E E

L ?in K o L L a n d l“ f t - ...

....

Law ? Ä llÄ 0?structlon

L ia b ilitie s J a n . 31, 1900.

W x rra ; ; s ] t ...

R ? p ia 8% N o f i ’ c b a rle s to w 'n '

§ °« th r r a^ 8es. N o. »...

L o a n '“ :0 " ; N o ' s...

< f? 08] l8 -°r . ” th e r N u b ile Pur'-'

^ d tD|te uw % £ 0u.r t. " o u se ;: : a n e it, F a s t B o s to n ’

$1,600.

400.

3,736;

18,256;

725.

3,193, 10,686,

250, 350;

1,350;

5oo;

500, ,000 00 000 00 000 00 555 00 000 00 ,300 00 ,000 00

000 00

000 00 000 00 000 00 ,000 00 500.000 00 6,164,450 00 4.700.000 00 750.000 00 600.000 00 3.250.000 00 500.000 00 2 . 100.000 00 2 ,000,000 00 300.000 00 3.100.000 00 616.000 00 2.921.000 00 17,306,273 98

D e b t Issu e d in 1900-1901.

$15,000 00 214,500 00 76,500 00 225.000 00 25,000 00 130.000 00

997,550 00 50,000 00

200,000 00 5,000 00 300,000 00

25,000 00 900,000 00

D e b t P a id in 1900-1901.

$500,000 00 1,116,000 00 1,309,000 00

14,000 00 200,000 00

5,346,000 00

$86,354,578 98 $3,163,550 00 $8,485,000 00 $81,033,128 98 L ia b ilitie s J a n . 31, 1901.

$ 1, 100.000 00 415.000 00 2,834,500 00 17,024,055 00 950.000 00 3,204,300 00 10,616,000 00 250.000 00 350.000 00 1.350.000 00 500.000 00 500.000 00 500.000 00 7.162.000 00 4.415.000 00 750.000 00 800.000 00 3.250.000 00 505.000 00 2.400.000 00 2,000,000 00 325.000 00 4,000,000 00 616.000 00 2.921.000 00 11,960,273 98 335,000 00

$335,000 T r a n s fe rre d to R a p id T ra n s it, E a s t B o s to n T u n n e l.

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S IN K IN G FUN D RESOURCES, J A N U A R Y 31, 1901-

C A S H D E P O S I T E D I N B A N K S A N D T R U S T C O M P A N IE S . Na t i o n a l Ba n k s.

A t la n t ic . A tla s B o y ls to n . B u n k e r H il l C e n tra l . C o lo n ia l . C o m m e rcia l E lio t F a n e u il H a ll F ir s t F ir s t W a rd F o u rth F re e m an s G lobe M a ssachusetts M e chanics

M e rc h a n ts N a tio n a l B a n k M e tro p o lita n .

M o n u m e n t M o u n t V e rn o n

N a tio n a l B a n k o f C om m erce

“ “ th e C o m m o n w e a lth

“ “ “ R e p u b lic E x c h a n g e B a n k . H a m ilto n “

H id e a n d L e a th e r B a n k M a rk e t B a n k o f B rig h to n R o ckla n d

S e c u rity . S haw m u t U n io n W e b ste r N e w E n g la n d . O ld B o sto n P e o ple s . Second

Shoe a n d L e a th e r S ta te .

T h ir d W a s h in g to n . W in th r o p

Tr u s t Co m p a n i e s. A m e ric a n L o a n a n d T r u s t C o m p a n y ' B a y tä te T r u s t C o m p a n y . Beacon T r u s t C o m p a n y

B o ston Safe D e p o sit a n d T r u s t C o m p a n y C o lu m b ia T r u s t C o m p a n y . ' F e d e ra l T r u s t C o m p a n y

In te rn a tio n a ] T r u s t C om p a n y

M assachusetts L o a n a n d T ru s t C om p a n y M e rc a n tile T r u s t C o m p a n y ^ ' N e w E n g ia n d T r u s t C o m p a n y ! O ld C o lo n y T r u s t C o m p a n y P u rita n T r u s t C o m p a n y . State S tre e t T r u s t C o m p a n y U n io n ^ a^e8 -^ru s ^ C o m p a n y Cash in O ffic e .

T o ta l cash re sources

$18,071 15 108,865 97 32,204 59 23,661 05 134,118 66 45,584 30 70,127 29 59,287 15 54,310 50 110,911 06 18,706 37 33,630 19 32,639 38 60,294 47 27,096 99 68,982 74 227,945 67 23,398 04 9,425 23 34,364 40 131,940 22 91,028 56 37,465 31 81,657 67 22,437 04 77,169 99 18,698 61 23,440 86 49,587 59 375,119 78 72,923 97 58,323 89 68,708 00 45,374 02 23,591 52 109,302 04 219,249 77 159,371 31 90,439 93 42,429 58 48.333 46

63,951 09 18,644 61 13,762 44 221,994 93 11,730 12 145,737 26 21,327 96 46,169 13 11,643 85 108,650 97 109,105 02 9,329 72 12,704 64 9,310 39 10,020 84

C i t y o f B o s to n 4 % B o n d s

;; “ “ 3,i% <■

a “ 3i% “

“ 3 % •• .

C o u n t y o f S u f f o lk 4% B o n d s

T o t a l in v e s tm e n t s .

In v e s t m e n t s Ja n u a r y 31, 1901.

$3,884,301 29 147,603 94

$4,031,905 23

$11,324,350 00 9,575,280 00

29,000 00 1,729,000 00 496.000 00 595.000 00

?3JIS,630 °0 $

^z

7

ⁱ

7S

^o

,535J

. $27,780,53-^

T o t a l r e s o u r c e s , c a s h a n d b o n d s , J a n u a r y 31,1901

S

inking

F

unds

D

epartment

. 5

i " WOO™,am 8 J a n u a ry 31- WOO

In v e s t m e n t Ac c o u n t.

City «i B “ 32| BoP.ds • ■ • C“'*Ftuat0aM’ ta™sP?rary Loan>i;i an'

e W a te r 3J% B o id s i ! ! atu r e(j j

$24,079,630 00

$4,956,000 00 1,070,000 00 1,000,000 00 200,000 00

C%ofB 1900~W01:

° > g . B o „ d s .

. Conn* “te lVat;?’?porary L»an

C a , Ä 8% Ä L o a n 8 -

Coo.Kix 10 liion io

1% B o n d s .

7,226,000 00

$31,305,630 00

C^ tV Ä - w o i : - •

e W a t e r L o a n s _

$1,194,000 00 1,000,000 00 346,000 00 17,000 00

5,000,000 00 Aml0« n t o f

“ v e s tm e n ts J a n u a r y 31,

7,557,000 00

$23,748,630 00

$23,748,630 00

O f

S T A T E M E N T

t ^ k n e r ’ t r e a s u r e k y Of ""---

Cash r i p >.ls 8 l f h re ce iv e d fr o m C.

Juiy^Pts: ...

Ü1 ;t v i6! 1881 to

a

> 1882 I? AP,ri1 30, 1882

1881, TO J A N U A R Y RR 1°901,SS c l üS IV E N M ^ ° E B ° STON'

H . D ennie, Treasurer, 1

} ’ 1883 ■■

b

1884 <•

I . 1885 »

j. 1886 “

J. 1887 «

}• 1889 •.

}> i860 «

’ 1891 «

Ä :

: i9?::

• 1898 •.

■ 1899 1. 1900 «.

Jan.

Cash

1883.

“ 1884.

“ 1885.,

“ 1886..

“ 1887..

“ 1888..

“ 1889..

“ 1890..

“ 1891..

31, 1892..

“ 1893..

“ 1894..

1896..

1897.

1898..

1899..

1900..

1901..

¿ Ä U :

Y

* ? b .

Is, iss?'?“*8

:

b

¹⁸⁸² A p r U 30, } ;i? 8 3 • - i ; J | j * '

1887 ‘ 1888 ■ 1889 . 1890 • 1891 <

1892 ' 1893 <

1894 • 1895

¡896 1897 . 1898 - 1899 ..

1900 >■

1882.

„ " 1883.

,, “ 1884.

:: i & . :: •« U S : :

:: « 38::

J a F 31, S : :

„ ' 1893..

1894..

„ “ 1895..

1896..

1897..

.. 1898..

1899..

„ “ 1900..

1901.

$3,696,475 98 4,955,195 34 4,997,400 18 4,291,180 57 3,418,975 23 4,663,236 32 4,229,152 62 6,388,433 83 4,859,804 01 6,040,412 79 8,854,593 85 10,163,93S 71 8,825,587 39 3,859,602 59 3,503,808 09 5,549,707 11 4.874,163 99 7,498,039 43 6,849,420 80 11,125,441 30

$1,365,928 20

$2,619,174 81 5,988,629 28 4,774,324 39 2,864,567 54 4,527,025 97 5,398,858 89 2,734,208 80 4,599,541 89 5,727,351 99 5,805,116 34 6,157,852 45 10,704,092 71 10,937,072 56 6,275,546 27 2,981,044 88 5,053,486 91 3,199,681 15 8,028,590 75 6,891,425 52 10,711,000 00

118,644,570 13

$120,010,498 33

u a r y 31, 1901.

115,978,593 10

$4,031,905 23

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W

ater

W

orks

F

und

.

Established by order of the C ity Council, Septemhm 1898, it forms no p art of the resources of the Sinking ‘ gajd for C ity of Boston debt, but contains amounts placed 111 fund by authority of the above order, and the income oi g[

fund to be used to meet the sums assessed on the y,0, Boston by the Commonwealth of Massachusetts for politan W a te r Purposes.

A m o u nt of Fund January 31, 1900 . Receipts in 1 9 0 0 -1 9 0 1 :

In terest on bank deposits . $2,377 09 Interest on investments . 174,888 54

$5,151,077

39

1 7 7 ,2 6 ^ 5

$5,328,343 Disbursed in 1 9 0 0 -1 9 0 1 :

Paid to C ity Treasurer : V o te of Board, Decem­

ber 6, 1900 . . $251,000 00 V o te of C ity Council,

November 5, 1900, to

cancel W a te r D e b t . 5,000,000 00

A m o u nt of F u n d January 31, 1901

Deposited to credit of W a te r W o rks F u n d : Globe N ational B an k . . . . Merchants N ational B ank .

Respectfully submitted,

A

lfred

T . T

u r n e r

, Treasure

B

oard of

C

ommissioners

N athaniel J. Rust, Chairman . U b e rt K . P e ttin g ill

E d w a rd H . D u n n . Joseph H . O ’N e il . F ra n k G. W e b s te r.

Charles I I . A lle n .

? S

inking

r r a e x p i r e s : r m e x p i r e s s r m e x p i r e s : r m e x p i r e s r m e x p i r e s r m e x p i r e s

nd

S -

1 1 9 0 1

y V i 90 i y ; 9 o 2 y ’ 1902

XT Xi * . na

S

^inking

F

^unds

D

^epartment

. 7

Ci t y o f Bo s t o n,

Bo a r d o f Co m m i s s i o n e r s o f Si n k i n g Fu n d s, Ci t y Ha l l, A p r il 4, 1901.

T h e

eXamine 'llUuttee on Accounts of this Board, appointed to pie ted > 16 *nvestments of the Sinking Funds, having com- b°ilcjg s examination, report that they find the amount of c o rre c t^ sta^ by the Treasurer, viz., 123,748,630, is

U

bert

K . P

ettingill

, E

dward

H . D

unn

, C

has

. H . A

llen

,

Committee on Accounts.

7? 28 St a t e St r e e t, Bo s t o n,

May

8,1901.

f'he t

of ^ Commissioners o f Sinking Funds of the City

aHnUa] TLTiMEN, — A s requested by you I have made the the ']’re exa,rhnation of the books and accounting matters of the rer ° f your Board for the year which ended w ith t° y0ll j, ay ° f January, 1901, and have the honor to submit tin

I i J * fo llo w in g re p o rt:

k Pected careful tB«

y e a r p e r f r " " a i K l

carefully the entries of all transactions for r ^ o iin e d ~ re vie wed in every detail all the clerical w ork

^alaiice8 ~[7.SUch as additions, postings and verification of fheet (f T ’ Inally, I traced all results into the tria l balance ledp- ager. Jan i luary, 1901, which is a true abstract from the

*ag to ^ ,tke correctness of the amount of cash --- *---* ---.--- — belong- - «st < ! ci'ent funds — deposited in the various banks

°lose Q£ companies of the C ity, the total of which at the c}°sely v .6 hscal year was $4,031,905.23. I have examined

t h a t

t h e

'■ T u rn er’s annual report to you, and I certifiy

---- L i l l i U UU OlliU. A

1||fcUU, 0£ S atcment,s therein as to the receipts and disburse atld debt p 1. ,^le amounts of investments, and the resources

"■Vilarf. , labilities of the Sinking Funds are true in all par-

1

"f ile bo

1

16 ^est ° f my knowledge and belief.

lei’ctof0re0ks and accounting affairs 111 admirable condition.

of the Board are as

Yours very respectfully,

A

ndrew

S

tewart

,

Exam iner of Accounts.