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12 MISSOURI BOTANICAL GARDEN. 
the Board hope gradually to sell all of the better class of 
this property at a fair valuation; but much of the land is so 
situated with reference to railroads and the factories, etc. 
that have clustered along them as to have little prospective 
value for residences, while, as has been sdid, the taxes 
on it are becoming heavier each year. The Board are 
therefore being forced to the conclusion that this part of 
the endowment real estate must sooner or later be parted 
with as a whole, and the proceeds reinvested in property | 
of a better description, capable of yielding revenue. Upon 
this conversion of the entire endowment into revenue-pro- 
ducing property obviously rests the sole hope of the Board 
, to meet the Director’s wishes— which they share—for a 
much needed addition to the buildings used for the Garden 
office, library, herbarium and laboratories, for additional 
and larger plant houses to relieve the overcrowding of the 
present collections so that they may be better displayed 
ie and suitably enlarged, for further extension of the grounds 
according to plans already prepared, and for the development 
of the institution into the great and productive research — 
pet center planned by the Director in accordance with the wish 
of Mr. Shaw, — the realization of all of which, however, 
is believed to be only a question of time. 
THE PARK STRIP, 
When Mr. Shaw presented land to the City for the 
4 establishment of Tower Grove Park, he deeded with it a 
strip 200 feet in width entirely surrounding this park, ex- 
cept for the necessary entrance ways, with the provision, 
agreed to by the City, ‘*that the Board of Commissioners 
of Tower Grove Park shall from time to time cause to be 
leased the said strip of land of 200 feet in width surround- 
ing said park, in convenient lots not to exceed 200 feet in 
front, nor less than 100 feet in front, to any one person 
for periods of thirty years before renewal, for the purpose 
