the East River and the Hudson there lay a few years ago a neglected
tract of land which could have been bought for a few hundred thousand
dollars. To-day it is the wealthiest mile and a half on the Western
continent. One hundred million dollars would not purchase the ground
alone. Forty years ago a piece of land which is now almost “down-town”
was called “Eno’s Folly,” because he paid for it what was supposed to be
an extravagant sum. It is now the site of the Fifth Avenue Hotel. The
tide is still running up, but you must now go to the Bronx, or even
further for cheap city property. It is, however, the most secure of all
investments. Nothing is more certain than that the property in the
annexed district of New York is bound to advance. So also with real
estate in all city suburbs.