P7 



TRANSACTIONS OF 



THE CONNECTICUT ACADEMY 



OF ARTS AND SCIENCES 



VOLUME 23] 



MAY 1920 



[;PAGES 159-210 



Early History of American 



Auctions—A Chapter in 



Commercial History 



BY 



RAY BERT WESTERFIELD, Ph.D. 



Assistant Professor of Political. Economy in Yale University. 



NEW HAVEN, CONNECTICUT 



PUBLISHED BY THE 



CONNECnCUT ACADEMY OF ARTS AND SCIENCES 



AND TO BE OBTAINED ALSO FROM THE 



YALE UNIVERSITY PRESS 



