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a regulation pack of fifty-two in order to do justice to his own hand and skill, and in order to play off one card of his audience against another. The auction has its own particular fascinations, and its own _habitues_ and devotees in every city. The chronic attendants should be the most careful and conservative of buyers. But the artful auctioneer soon learns to know them, to recognize them among his _clientele_, and to humour their whims, moods, and fancies. Sooner or later he will wheedle them into a bid against their better judgment, and then make good capital of the fact that such and such a connoisseur had bought so great a bargain. The question might be asked, impersonally and perhaps impertinently, What was the auctioneer's influence at the Marquand sale? Was his the power? Was it due to the catalogue? or was it in the air; and the zeal of an eager audience? The retail trade in rugs throughout this country is largely in the hands of Armenians, both fixed and peripatetic; but of recent years much of their business has been annexed by the department stores. These various Armenian dealers are universally known for their shrewdness and cleverness as well as for other ingenuousness and natural courtesy. Except the heads of the carpet departments in some few large concerns, they know much more about their wares than other salesmen, and their personal, live knowledge gives a fillip of enthusiasm to the purchaser. They would control the retail trade in rugs, were it not that the department store has brought against them its powerful weapon of _per cent_. The store asserts that it wants only its modest _per cent_ on the cost of any article, no matter what its sentimental value may be. This may not be truth in its stark nakedness, but it has availed to draw to them a great deal of the trade in Oriental textiles. The wholesale dealers are the most important factor in the question of distribution, for almost all the rugs sold in the United States must first pass through the hands of one or another of a dozen New York princes of the market. Large or small retailers may import some pieces directly from London, Paris, or Constantinople, but even the most important retailers buy heavily from the great Armenian wholesalers in New York City. It is difficult to estimate and impossible to state absolutely the number or even the value of the Oriental rugs annually imported into the United States. The reason is that in th
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