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25 <br />penses as these are contingent, and are subject to such <br />changes as to become expensive. <br />Quarterly examinations of the books and vouchers <br />of the Collector and Treasurer have been made and <br />they appear to be correctly kept and the funds properly <br />accounted for. <br />The final settlement January 31, 1879, discloses the <br />fact that there is $7,346.71 in cash in the treasury, and. <br />$5,550.30 uncollected taxes, which after retaining <br />$1,222.50 for the firemen and street lamps, will leave <br />.a balance of $i 1,674.51. The very natural and proper <br />inquiry is "what is best to do with this amount?" <br />After mature reflection, we would recommend the <br />reconsideration of the vote to assess $2,000 on the <br />Centennial Loan this year, and pay that amount, which <br />is clue April Ist, from the cash now on hand. We <br />would also advise the purchasing of the note for $5,000 <br />which is due June 10, 1881, if it can be obtained by <br />paying the difference in the rates of interest between ¢ <br />and 5 per cent. which would be about $150, this would <br />not only reduce the town debt 7,000, but also save <br />$405 interest, and without any special tax, the balance <br />then remaining in the treasury would be sufficient t0 <br />meet the current expenses. <br />In submitting this our Third Annual Report, for <br />your perusal and examination, we have endeavored to <br />present in a plain and intelligible manner a brief ac- <br />count of the most prominent matters which have re- <br />ceived our attention and have served to constitute a <br />part of the duties we have performed. The gradual <br />decrease of the Town debt, and the continued <br />release from perplexing and costly suits, together with <br />26 <br />a treasury able to meet all demands with an ample sur- <br />plus, is an assuredly gratifying exhibit. Nothing has <br />transpired during the past year to mar the harmony or <br />disturb the peace of the Town ; seldom if ever has more <br />quietness or general good order prevailed, We now <br />as heretofore earnestly and most respectfully ask as a <br />favor, of all in Town, if there are matters, that have <br />been under our care or supervision, in which mora' <br />light ora further explanation is desired, you will un- <br />hesitatingly solicit it before forming an opinion or pas- <br />sing judgment. <br />WEBSTER SMITH, Selectmen <br />OTIS WENTWORTH, of <br />ALBERT W. BRYANT. Lexington. <br />LEXINGTON, Jan, 31, 1879, <br />