The two books of this series were written by Carolyn Wells (1862-1942). Wells was a prolific author who wrote more than 150 books. Her only Henry Altemus published titles were the two Folly books.
Here is an autographed copy of Folly in Fairyland. This book along with its partner Folly in the Forest was published in two series. The Folly Series (http://henryaltemus.com/series/series89.htm) and the Little Men and Women Series (http://henryaltemus.com/series/series125.htm).
This book is from the Folly Series. Folly in Fairyland was published in 1901 and joined Folly in the Forest in 1902 to complete the two volume Folly Series. The 1901 copies of Folly in Fairyland had illustrated and glossy endpapers. By 1902 the endpaper illustrations were gone but the thick glossy paper for the endpapers and book illustrations remained. Later books had plain paper endpapers and thin glossy pages for the book’s illustrations.
The book below has thin glossy paper illustration pages, no endpaper illustrations and the endpapers are on plain paper. It was published in the early 1900’s (1903-1906).