"That's why the value has increased.

The house itself is not worth as much as when I had it, but land values are coming up by leaps and bounds.
Young man, the ground valuation alone of the six square miles adjoining Central Park is more than the value of all real estate in the great commonwealth of Missouri.

And it is going higher every year." "I don't understand it," said Steve, much impressed.
"Do you understand the philosophy of an artesian well?
Yes?
Then you understand this.

Every farm cleared, every acre planted, every mine developed, every baby born, enhances the value of _all_ city property--and New York's got the biggest standpipe.

The back country soaks up the rain and it is delivered conveniently at our doors through, underground channels, between the unleaking walls that confine its flow; our price on the surplus you have to sell and _our_ price on the necessities you buy.