2 MISSOURI BOTANICAL GARDEN BULLETIN 
Our sales of residence property were as follows: 
Lafayette Avenue Additions. . 5,907 front feet . $225,954 25 
Arsenal Street Addition . ‘ 614 front feet . 20,550 00 
Flora Boulevard Subdivision ; 110 front feet. 7,400 00 
$253,804 25 
Early in the year it was discovered that many of the dis- 
play and growing houses at the Garden were in a very bad 
condition, some of them dangerous, and it was decided to 
replace them with new houses at an estimated cost of 
$75,000.00. 
Under Mr. Shaw’s will the net income only can be used 
for Garden purposes, necessitating application to the courts 
for permission to use part of the permanent fund for erect- 
ing the new buildings. A decree authorizing the trustees 
to borrow from the principal the sum of $50,000.00, to be 
repaid out of the annual income in five annual installments 
of not less than $10,000.00 each, was granted. 
This amount, in addition to the surplus standing on the 
pee! ce sbgilic gh enabled us to build a a a ss 
or display and growing purposes at a cost of about r 
000.00. These are now about completed, some of them 
being already occupied. 
There was also erected a range of experimental houses for 
the study and treatment of diseases of plants, at a cost of 
$12,000.00. 
Other changes were made in the Garden grounds in the 
way of general improvements at a cost of about $5,000.00. 
Additions to the library and herbarium collections by 
purchase and gift during the year are valued at the follow- 
ing sums: 
Fs ee ee ee eee 
Herhatium: ss a ee 5,134 65 
Only two of the annual bequests provided for in Mr. 
Shaw’s will were carried out, the Annual Flower Sermon and 
the Gardeners’ Banquet. 
After charging against the income the expenses for the 
year, excepting streets and other improvements and expenses 
attending sales of real estate, we find expenses exceeded the 
income $59,824.15, after deducting surplus of $25,182.04, 
leaving $34,642.11, which was used from funds permitted 
by court decree. 
