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ANNUAL .REPORT OF THE SELECTMEN. <br />The advent of a new year furnishes for every reflec- <br />tive mind an appropriate opportunity to contemplate <br />the past, consider the present, anticipate and resolve in <br />relation to the future. <br />As another financial year of the town has passed, <br />and another new year begun, and as each citizen in <br />town, whether considering the fact or not, serves to <br />form an individual part of that number which, in the <br />aggregate, composes the municipal corporation of the <br />town, and as the interest of each citizen in relation to <br />the administering of the affairs of the town, is so in- <br />separably connected each with the other, that it be- <br />comes an act of wisdom and prudence, before making <br />appropriations to meet the expenses for the coming <br />year, to recall to mind, and carefully review the man- <br />ner in which the officers of the town have performed <br />their duties, whether economically or otherwise. <br />The wide -spread, protracted and severe business de- <br />pression which has been experienced for several years <br />past, has enforced such rigid economy that many of <br />our common and much desired enjoyments are denied, <br />in order to provide means for obtaining the absolute <br />necessities of living. <br />With these facts in view, it is due to the inhabitants <br />of the town that the report of their officers, or rather <br />servants, should be so minute and explicit that all of <br />their official acts and proceedings may be critically ex- <br />amined and judged, so that changes and improvements <br />can be thoroughly considered before taking measures <br />to meet the expenses of another year. <br />In presenting this, our third annual report, it is our <br />desire to furnish, in accordance with a vote of the town, <br />a full and correct account of the present financial con- <br />dition of the town, and the expenditures of the <br />past year upon each appropriation, and such other <br />matters as have demanded attention, or are still re- <br />quiring notice ; in offering suggestions in relation to <br />the future, or in commenting on the past, our object is <br />intended for the interest and welfare of the town, <br />The earnest and unanimous desire for retrenchment <br />is a subject demanding universal attention; in order <br />to avoid "the penny wise and pound foolish course <br />in our eagerness to reduce expenses, a thorough in- <br />vestigation and correct knowledge of the liabilities and <br />necessities of the town should be had. <br />One of the first and most natural, as well as useful <br />inquiries that is made is, "Is the town annually im- <br />proving its financial condition by reducing its liabili- <br />ties ?" " Is the method of managing the affairs, a4 <br />pursued in the past, susceptible of improvement?" <br />If in answering these pertinent inquiries, we speak, <br />particularly of the method we have pursued for the <br />past three years, and the consequent results, as well <br />as the reasons or causes which influenced us to do as <br />