Missouri Botanical 
Garden Bulletin 
Vol. II St. Louis, Mo., January, 1914 No. 1 
REPORT OF THE OFFICERS OF THE BOARD 
SUBMITTED TO THE TRUSTEES, JANUARY 14, 1914. 
To the Board of Trustees of the Missouri Botanical Garden: ~ 
We submit for your consideration the financial results for 
the year ending December, 1913. 
Our income from rentals exceeded that of the previous year 
by $1,264.32, although four pieces of income property were 
disposed of early in the year. Never since the foundation of 
the Trust have we had so few vacancies and at present only 
three small pieces, with an aggregate monthly rental of 
$57.00, are unoccupied. : 
As nearly all of our most valuable properties are under 
lease for long terms, we cannot hope for any further increase 
in our rental income for several years. 
During the year we disposed of several pieces of central in- 
come property as follows: 
Nos. 503-4-5-11 North Levee . 100 feet for. .  $ 30,000 00 
No. 608 Olive Street. ‘ 21 feet for . : 164,000 00 
The latter being under lease for a term of ninety-nine 
years, its value was, to a certain extent, fixed for that time and 
it was sold on a basis of four and one-half per cent, with the 
intention of reinvesting the proceeds of both pieces in prop- 
erty bringing a higher rate of income. 
We have been very successful in disposing of the tract 
known as the Lafayette Avenue Addition, comprising a front- 
age, between Grand Avenue and Lawrence Street, of 11,533 
feet, 9,771 feet of which have already been sold and largely 
improved with a good class of residences, flats and apart- 
ments. As the prices obtained have been satisfactory we hope 
to improve the balance of the tract—containing about 11,860 
front feet—in the near future. 
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