RENO 



4971 



RENT 



from which the abundant farm produce of the 

 neighborhood is transported, and it carries on 

 an active trade in its own manufactures, in- 

 cluding sailcloth, table linen, agricultural im- 

 plements and lace. The River Vilaine, which 

 divides the city into the upper (or new) town 

 and the lower (or old) town, is spanned by four 

 bridges. A fire in 1720 destroyed almost 4,000 

 houses, since which time Rennes has been re- 

 built as a modern city, though there still re- 

 main walls, towers and gates of the medieval 

 period. The cathedral in the Italian style of 

 architecture, the university buildings, palace of 

 justice, the Hotel de Ville, and the Lyceum are 

 the most noteworthy buildings. In normal years 

 the university has an enrolment of over 1,400. 

 There is an excellent botanical garden. Popula- 

 tion in 1911, 79,372. 



RE 'NO, NEV., the county seat of Washoe 

 County, and the largest city of the state, with 

 a population of 10367 in 1910, and of 14,869 

 in 1916 (Federal estimate). It is one of a 

 famous group of mining cities in Western Ne- 

 vada, and is thirty-one miles north of Carson 

 . the state capital, and 243 miles northeast 

 of San Francisco. Its railroad service is provided 

 by the Southern Pacific; the Nevada, Califor- 

 nia A Oregon, and the Virginia & Truckee lines. 



The city covers an area of three square miles, 

 and is picturesquely located at an altitude of 

 4,484 feet in a valley in the eastern hills of the 

 Sierra Nevada Mountains. It is on the Truckee 

 River and on the Truckee-Carson Canal, an 

 irrigation project thirty miles in length, con- 

 ted by the Federal government at a cost 

 of $8,500,000. This canal reclaims an area of 

 206,000 acres, a part of the fine farming region 

 about the city. Mining, stock raising and agri- 

 culture are leading interests. Here are railway 

 shops, foundries and machine shops, and manu- 

 factories of flour, gristmill products, crackers, 

 packing-house products, fertilizers, wall plaster 

 and soap. 



Reno is the seat of Nevada State University 

 (which see), a department of which is the noted 

 Mackay School of Mines. Other prominent fea- 

 tures of the city are the state hospital for men- 

 tal diseases, the United States Agricultural Ex- 

 periment Station, Federal building, Carnegie 

 Library, county courthouse, city hall, Y. M. 

 C. A. l>uil. link', hospitals, Riverside and Powning 

 parks, and the Moana and Laughton Mineral 

 springs. Reno was settled in 1868 and was in- 

 corporated as a town in 1879. A city charter 

 waa granted in 1899 but was revoked two years 

 later. Reno again became a city in 1903. The 



city has acquired an unusual reputation be- 

 cause of the ease with which a divorce can be 

 obtained there. C.T.S. 



RENSSELAER, ren'sehler, N. Y., a manu- 

 facturing city in Rensselaer County, situated 

 on the Hudson River about midway between 

 the northern and southern borders of the state. 

 It is opposite Albany, the state capital, with 

 which it is connected by three bridges, and is 

 six miles south of Troy. The Boston & Albany 

 and the New York Central & Hudson River 

 railways serve the city,- and electric lines con- 

 nect it with Albany, Troy and adjacent cities 

 and towns south, as far as Hudson. Steam- 

 boats connect Rensselaer with many points on 

 the river. 



Rensselaer is important chiefly as a trans- 

 portation center, a large number of its people 

 being employed in the railroad shops, round- 

 houses and freight yards. There are factories 

 for making furniture, medicines, picture frames, 

 dyes and skirts, yet many people of Rensselaer 

 find employment in Albany and Troy, excel- 

 lent transportation service making these towns 

 easily accessible. The city has a park, an or- 

 phans' home and Saint John's Academy. Fort 

 Cralo, built in 1642, the Franciscan Fathers 

 Home and Genet Barracks are features of in- 

 terest. The place was settled by the Dutch as 

 early as 1631, when it was known as Greenbush. 

 It was incorporated as a village in 1815, and in 

 1897, when the present name was adopted, it 

 was chartered as a city. Bath was annexed in 

 1902. The population increased from 10,711 in 

 1910 to 11,177 (Federal estimate) in 1916. The 

 city has an area of three and one-half square 

 miles. 



RENT, in the sense in which the word is 

 oftenest spoken, is a sum which a truant owes 

 at intervals to his landlord for the use of land 

 or of buildings or parts of them. But in the 

 science of economics there is quite another 

 meaning for the word one which is in a way 

 restricted, in a way enlarged, but at any rate 

 entirely different. 



Rent in Economics. If you pay a man forty 

 dollars a month for the privilege of cultivating 

 some farm land that belongs to him, you ordi- 

 narily do so because you believe that with the 

 farm you can make at least forty dollars more 

 than by working for wages. That is. tin- farm 

 gives you an advantage, and it is this advan- 

 tage winch in economics is called rent, not the 

 forty dollars which you pay to secure it. Thus 

 economic rent is not what you give for the 

 land, but what you gain from it. 



