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towns first named had a much larger valuation than Medford in proportion to their number of scholars. Boston's was triple that of Medford. In 1852 Medford had fallen to the twentieth place, not because its appropriation was less, but because other towns and cities had greatly advanced in that respect. Medford spent for schools in 1846, $3,922; in 1847, $4,515, and in 1852, $5,428. Its population in 1847 was about 3,400, and in 1852, about 4,300. Industries. From 1802, when Thatcher Magoun, Sr., laid the first keel of that fleet of ocean merchants ships whose sails have shaded every sea and bay on the navigable globe, down to the laying of the last keel by Joshua T. Foster in 1873, ship building was the leading industry of the town. The business was of steady growth from the first, and reached its climax in the decade from 1843 to 1853, in which one hundred and eighty-five vessels were constructed. The banner year was 1845, in which thirty of the number slid over the ways.