TABLE OF CONTENTS 



Introductory 163 



Rise of the Auction Problem 164 



The Menace of Peace 166 



Volume of Auction Sales 170 



The Auction System 173 



Commercial Effects of the Auctions 181 



Customs Credits 186 



Under-Valuation of Imports 191 



Objections to the Auctions 193 



Campaign Against the Auctions 198 



State Legislation 199 



Federal Legislation 202 



Index 209 



