14 MISSOURI BOTANICAL GARDEN. 
time a source of present expense and of anxiety as to its 
future, since very expensive street improvements were likely 
to be ordered at any time, would necessitate great economy 
in the management of the Garden for some years; and it was 
early felt to be imperative that the annual expenditures 
should be closely limited to what was necessary for the 
maintenance of the Garden as it then existed, making pro- 
vision for a very gradual development along certain of the 
lines indicated in Mr. Shaw’s will, and embraced in the out- 
line policy adopted by the Board, while leaving others for 
future attention, so that with as, great rapidity as possible 
a reserve fund might be accumulated, sufficiently large to 
provide for the emergencies which were likely to arise in 
connection with the unimproved real estate. This policy, 
since the principal of the endowment could not be used, 
was obviously also the only one which would render possi- 
ble the expenditure at any one time of considerable sums in 
effecting permanent improvements and extensions at the 
- Garden, which it was easy to foresee would be necessary 
within a comparatively few years. Therefore, while the 
expenditures for the first two years after the organization of 
the Board were high, because of the necessity for immedi- 
ate and extensive repairs in many directions, the annual 
amount available for maintenance expenses* was soon lim- 
ited to $30,000.00, to which, however, has been added each 
year, by special appropriation, such sum as seemed abso- 
lutely necessary for extensions and improvements which 
could not be deferred without detriment to the institution. 
From the reports of the officers of the Board, as pub- 
lished in the annual Reports of the Garden, has been pre- 
pared the following tabulation of maintenance expenses :— 
* Rept. ii. pp. 8, 16. 
