Children's book about man with many hats

I remember a man with lots of different kinds of hats that he wound up leaving on a tree, I think. I clearly remember a derby hat.

ETA:

I also remember that the man was dressed in clothes that remind me of a Victorian gentleman's outfit - a coat and bow tie. He had a round face and a mustache.

Not The 500 Hats of Bartholomew Cubbins?

Odd; that looked like is was going to be a successful touchstone, but then it didn't, and in the field for this new message, on the right, Cubbins is still showing, though I haven't typed it in this message. Here's a link:

http://www.librarything.com/work/3091737

No, that's not it, but thanks.

"Caps for Sale" by Esphyr Slobodkina. A favorite with my kids.

http://en.wikipedia.org/wiki/Caps_for_Sale

That's the one. I'm sure of it.

>5 jalual: Even if it isn't the OP's book, thanks for the memories! It was a favorite of mine many years ago.

Yes! That's it! Thank you!

That was one of my favorites as a child, too! :-D

Esphyr Slobodkina, Caps for Sale is the one I thought of too when reading the first post. Great book! Interestingly enough there's also another by the same author, Circus caps for sale by Esphyr Slobodkina, and a third, Pezzo the Pedlar and the Thirteen Silly Thieves. The first mentioned is definitely the most well-known.