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The property described in this catalogue, which description may be amended by salesroom notice or

announcement, will be o

ff

ered for sale by Dorothy Sloan–Rare Books, Inc. (“Dorothy Sloan–Rare Books”)

on Wednesday February

16

,

2005

, on behalf of various consignors (“sellers”). These Conditions of Sale and

the Limited Warranty immediately following constitute the complete and exclusive statement of the terms

and conditions on which all property described in this catalogue is o

ff

ered for sale, and there are no war-

ranties, express or implied, which extend beyond those contained in such texts. By bidding at auction,

whether present in person or by agent, by written bid, telephone, or other means, the buyer agrees to be

bound by these Conditions of Sale.

1

. Dorothy Sloan—Rare Books reserves the right to withdraw any lot before or at the sale.

2

. BUYING AT AUCTION. The highest bidder acknowledged by the auctioneer shall be the buyer. The

auctioneer has the right to reject any bid and, in the event of any dispute between bidders, to determine

the successful bidder, to continue the bidding, or to re-o

ff

er and resell the lot in question. In the event of

any dispute after the sale, the

fi

nal record of sale of Dorothy Sloan—Rare Books shall be conclusive.

3

. Title to the o

ff

ered lot shall pass to the buyer upon the fall of the auctioneer’s hammer and announce-

ment by the auctioneer that the lot has been sold, subject to compliance by the buyer with all other

Conditions of Sale. The buyer shall forthwith assume full risk and responsibility for the lot and shall pay

the full purchase price or such part thereof as Dorothy Sloan–Rare Books in its sole discretion, shall

require. In addition, the buyer may be required to sign a con

fi

rmation of purchase.

4

. BUYER’S PREMIUM. A

15

% premium will be charged in addition to the hammer price. The “purchase

price” is the sum of the hammer price and this premium.

5

. SALES TAX. Unless exempted by law, the buyer is required to pay any applicable state and local tax on the

purchase price. Exemption certi

fi

cates are required to be on

fi

le to waive this tax.

6

. REGISTRATION. ALL bidders must submit a Bidder Registration Form. A Bidder Registration Form is

available in this catalogue or on our web site: http://www.sloanrarebooks.com. Bidders will be asked to

supply a bank reference or other acceptable references when they register. Bidders who attend the sale will

receive numbered paddles that will identify them as bona

fi

de bidders. Bidders who will not attend the sale

may submit absentee bids, or telephone bids as described below. Only bids believed to be from bona

fi

de

potential buyers will be acknowledged by the auctioneer.

7

. ABSENTEE BIDS. Absentee bidders should submit written instructions using a copy of the absentee bid

sheet provided. Unlimited or “buy” bids will not be accepted. Please bid a speci

fi

c dollar amount. Dorothy

Sloan–Rare Books will diligently attempt to follow any and all bid instructions, executing the absentee bid

at the lowest possible price, but accepts no responsibility for failure to correctly execute such bids. Absentee

bids will be executed only according to valid bidding increments. If identical bids are received from two or

more bidders, the

fi

rst bid received will take preference. Dorothy Sloan–Rare Books reserves the right to

decline to undertake any such bids. All mail and fax bids must be received by noon (Paci

fi

c time), Tuesday,

February

15

,

2005

.

8

. TELEPHONE BIDS. For the convenience of absent clients bidding can be made by telephone. Lots must

have a minimum estimate of

$500

to qualify for this service. The number of telephone lines is limited, and

arrangements for bidding by telephone should be made by noon (Paci

fi

c time), Tuesday, February

15

,

2005

,

with Dorothy Sloan–Rare Books, (

512

)

477

-

8442

. Dorothy Sloan–Rare Books will execute telephone bids to

the best of its ability, but accepts no responsibility for failure to successfully execute such bids. We also rec-

ommend that you leave a covering written bid that we can execute on your behalf in case we are unable to

reach you by telephone. Dorothy Sloan–Rare Books reserves the right to decline to undertake any such bids.

9

. RESERVE. Lots are sold subject to a “reserve,” a price below which the lot will not be sold. The reserve

equals the low estimate printed in this catalogue.

10

. PAYMENT. All articles are to be paid for by cash or check and must be removed from the premises no

later than noon, Thursday, February

17

,

2005

. Payment of the purchase price can only be accepted in U.S.

dollars. Purchasers are reminded that appropriate references must be supplied in advance to ensure that

delivery of lots is not delayed. Floor buyers must pay for their purchases immediately upon conclusion of

the sale. Pro forma invoices will be mailed, faxed, or e-mailed to successful absentee bidders within one

week of the

fi

nal auction date. Payment is due upon receipt of invoice. Purchased items will be shipped

upon receipt of full payment.

11

. LATE CHARGES. No lot may be removed from the auction premises until the buyer has paid in full the

purchase price or has satis

fi

ed such terms as Dorothy Sloan–Rare Books, in its sole discretion, shall

require. As Dorothy Sloan–Rare Books is legally required to pay the consignor promptly after sale,

Dorothy Sloan–Rare Books reserves the right to charge an additional late payment charge of

2

% per

month, beginning on the day of the sale. All lots must be removed from the premises, or have shipping

arrangements made, no later than noon, Thursday, February

17

,

2005

. If not so removed, such items may

be sent to a public warehouse at the expense and risk of the buyer. Whether sent to a warehouse or stored

by Dorothy Sloan–Rare Books, all such lots are subject to a minimum storage fee of

$20

.

00

a day.

12

. If the buyer fails to comply with any of these Conditions of Sale, Dorothy Sloan–Rare Books may, in

addition to asserting all available legal remedies (which includes, but is not limited to, the right to hold a

defaulting buyer liable for the purchase price), (a) cancel the sale, and retain as liquidated damages any pay-

ment made by the buyer, (b) resell the property without reserve at public auction on seven days notice to

the buyer, or (c) take such other action as Dorothy Sloan–Rare Books deems necessary or appropriate.

Should Dorothy Sloan–Rare Books resell the property, the buyer shall be liable for the payment of any

de

fi

ciency in the purchase price together with costs and expenses. Should a buyer pay only a portion of the

purchase price for any or all lots purchased, Dorothy Sloan–Rare Books shall apply the payment received to

such lot or lots at its sole discretion.

13

. The rights and obligations of the parties with respect to the Conditions of Sale and the conduct of the

auction shall be governed and interpreted by the laws of the state in which the action is held. By bidding

at auction, whether present in person or by agent, by absentee bid, telephone, or other means, the buyer

shall be deemed to have consented to the jurisdiction of the courts of such state and the federal courts sit-

ting in such state.

14

. The buyer agrees that (a) neither Dorothy Sloan–Rare Books nor the seller shall be liable, in whole or

in part, for any special, indirect or consequential damages, including, without limitation, loss of pro

fi

ts,

and (b) the buyer’s damages are limited exclusively to refund of the purchase price paid for the lot.

15

. SHIPPING CHARGES. Dorothy Sloan–Rare Books may, in its discretion arrange to have purchased lots

packed, insured, and shipped at the request, expense, and risk of the buyer. This will be done as a service

to the buyer, and Dorothy Sloan–Rare Books assumes no responsibility for acts or omissions in such pack-

ing or shipping. In such cases, the buyer will be billed for the cost of such services, including an adminis-

trative fee for the services.

16

. BIDDING INCREMENTS.

Increments are:

$10

to

$100

$25

to

$500

$50

to

$1

,

000

$100

to

$2

,

000

$200

to

$5

,

000

$500

to

$10

,

000

$1

,

000

to

$20

,

000

$2

,

000

to

$50

,

000

$5

,

000

to

$100

,

000

Auctioneer’s discretion thereafter

CONDITIONS OF SALE