Advance In Values

The enormous rise in real estáte values in great cities was illustrated in the career of Amos R. Reno, who died recently in New York city, leaving twenty million dollars. With the few dollars made selling dry goods he invested in four-outlying lots. The lots, on which he subsequently built the Fifth Avenue hotel, were so far up town that the hotel was called "Reno's folly." Today all the great Gotham hotels are farther up town than this one.