One Thousand Ways to Make Money by Page Fox

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.