I have omitted to say that once or twice a year, at a meeting of which notice has been given, an auction is held at the Bodleian. The members of the club send in their duplicate copies, or books they for any reason wish to dispose of, which are auctioned off to the highest bidder. At these sales, which are well attended, the club's publications have of recent years formed the leading feature. Three years ago, number three of Bascom's Essay on Pipes sold for fifteen dollars;--the original cost of publication was one dollar and seventy-five cents. Later in the evening an uncut copy of the same brought thirty dollars. At the next auction the price of the cut copy was run up to twenty-five dollars, while the uncut copy was knocked down at seventy-five dollars. The club had always appreciated the value of uncut copies, but this financial indorsement enhanced their desirability immensely. This rise in the Essay on Pipes was not without a sympathetic effect upon all the club publications. The Emerson essay rose from three dollars to seventeen, and the Thoreau, being by an author less widely read, and, by his own confession commercially unsuccessful, brought a somewhat higher figure. The prices, thus inflated, were not permitted to come down appreciably. Since every member of the club possessed one or more of these valuable editions, they were all manifestly interested in keeping up the price. The publication, however, which brought the highest prices, and, but for the sober second thought, might have wrecked the whole system, was Baxter's Procrustes. Baxter was, perhaps, the most scholarly member of the club. A graduate of Harvard, he had traveled extensively, had read widely, and while not so enthusiastic a collector as some of us, possessed as fine a private library as any man of his age in the city. He was about thirty-five when he joined the club, and apparently some bitter experience--some disappointment in love or ambition--had left its mark upon his character. With light, curly hair, fair complexion, and gray eyes, one would have expected Baxter to be genial of temper, with a tendency toward wordiness of speech. But though he had occasional flashes of humor, his ordinary demeanor was characterized by a mild cynicism, which, with his gloomy pessimistic philosophy, so foreign to the temperament that should accompany his physical type, could only be accounted for upon the hypothesis of some secret sorrow such as I have suggested. What it might be no one knew. He had means and social position, and was an uncommonly handsome man. The fact that he remained unmarried at thirty-five furnished some support for the theory of a disappointment in love, though this the several intimates of Baxter who belonged to the club were not able to verify.