REPORTS FOR THE YEAR 1911. 
REPORT OF THE OFFICERS OF THE BOARD. 
SUBMITTED TO THE TRUSTEES, JANUARY 10, 1912. 
To the Board of Trustees of the Missouri Botanical Garden: 
We submit for your consideration the financial results for 
the year ending December 31, 1911. 
The earnings from rentals exceeded those of the year 1910 
by $6,321.78, but did not meet our expectations for the rea- 
son that several vacancies in business property existed 
throughout the entire year and still exist. Our loss in 
revenue for that reason amounted to $11,679.00, and out 
of the total earnings $182.00 was charged off as uncollect- 
ible—about one-seventh of one per cent. 
One of our buildings, on account of age, was found to 
be in a dangerous condition, and we were compelled to 
rebuild it at a cost of $6,585.67, which, with necessary 
repairs to others, caused an unusually large expenditure. 
Without counting any rentals from buildings now vacant, 
we can safely expect the rentals for the coming year to 
exceed those of 1910 by at least $11,000.00. 
During the past year we succeeded in acquiring, by pur- 
chase, the lot owned by the Mount Calvary Episcopal 
Church, which has prevented the extension of Lafayette 
Avenue through the Board’s property lying just west of 
Grand Avenue, and by this purchase we have been able to 
extend Lafayette Avenue west practically on the same line 
for a distance of about 5,500 feet, and it is now fully im- 
proved for a distance of 2,225 feet, and some houses have 
already been erected. 
(7) 
