1957-10-17 City of Beverly, Massachusetts
Public Meeting Minutes
Board: Library Trustees
Subcommittee:
Date: 10/17/1957
Place: Beverly Public Library
Board members present: Louisa V. Conrad, Saul J. Cagan, Dorothy Cook, Frederick Pierce,
and Thomas J. Tooracy
Board members absent: W. Lincoln Boyden, Jr., Russell P. Brown, and Carolyn Standley
Others present:
Recorder: Marion A. Brown
Thursday October 17, 1957
The regular meeting of the Board of Trustees was held at the Library at 7:30 on the above
date. Mrs. Conrad presided. Present were Mr. Cagan, Mr. Toomey and Mr. Peirce.
The records of the previous meeting were read and approved. The finance sheets were studied
and accepted.
At the request of Mrs. Conrad, Mr. Toomey and Mr. Brown were asked to draw up
resolutions for Mr. John C. Birmingham who passed away Oct. 6, 1957 having served on the board
since 1941.
The report of the Circulation Committee was approved as read and placed on file as was the
Librarian's report.
A letter was read from Mr Leroy C. Mureh, Attorney at Law stating that the Second Article
of the Will of Miss A. Florence Monroe, reads as follows. To the Beverly Public Library, all of my books.
Voted: to gram the Beverly Municipal Credit Union the use of Library Hall on Tuesday, Nov.
19 from 7 to 9 P.M.
Voted: to grant the Beverly Color-Photo Club the use of Library for their monthly meeting
for 1957-1958 Season.
Mr. Pierce reported for his Committee on the Library Trust Funds which is herein on file and
continues from time to time a further study. As most of the City Trust Funds are for the Library use
Mr. Cagan was asked to prepare a communication to the Mayor requesting that one member of the
Board of Trustees be appointed to the Commission of Trust Funds.
Mr. Tooracy, Chairman of the Building Commission presented his Report of the activities of
his Commission to date. A discussion was held concerning what type of oil burner should be
considered for Farms Branch.
Voted to adjourn
Adjourned 9:20
Marion A. Brown
Clerk
BEVERLY PUBLIC LIBRARY FUNDS
Trust Funds
Capital Amount
Joseph W. Lefavour $81,687.84
Only the income can be spent
Sohier 10,922.94
The income can be used for prizes to pupils now in Beverly public
schools, or to recent graduates, for instruction in the use of the
Library.
Ebenezer Ray Not restricted 20,496.29
The .fired is to be used by the trustees in such manner and for such
purpose as they deem just.
Abby W. Hunt 12,359.50
The income is to be used by the city for the purchase of books.
John I. Baker 12,000.00
The "preference" of the donor was that the fund be used for the
purchase of books on History, Politics, and Political Science.
Sarah Whitmarsh 6,801.20
The trustees are not limitext in the expenditure of this .fu~d..
L.D. Webbet 1,000.00
The interest is to be spent annually for the purchase of new books.
Katharine P. Loring 2,000.00+
Add interest accumulated 1955 680.58
This fund is to be used toward the cost of the erection of a building
as a childmn's library.
Total Funds $147,948.35
Total from which interest is received 145,267.77
1957 dividend from these funds
Percentage of income return 2.64.
Respectfully submitted by the special committee to investigate library funds and their
annual income.
ME. Alan P. Cook
Saul J. Cagan
F. H. Pierce, Chairman