In considering the probability of high prices being sustained, it must always be borne in mind that the peaceful and prosperous condition of the country is taken for granted. In times of national calamity little money is available for luxuries. Two other important points must be remembered. (1) That it is of no use for a book to be scarce if nobody wants it. The money value of the phenomenally dull book mentioned by Sir Walter Scott is not recorded.
“We have heard of one work of fiction so unutterably stupid that the proprietor, diverted by the rarity of the incident, offered the book, which consisted of two volumes duodecimo, handsomely bound, to any person who would declare upon his honour that he had read the whole from beginning to end. But although this offer was made to the passengers on board an Indiaman during a tedious outward-bound voyage, the “Memoirs of Clegg the Clergyman” (such was the title of this unhappy composition) completely baffled the most dull and determined student on board, when the love of glory prevailed with the boatswain, a man of strong and solid parts, to hazard the attempt, and he actually conquered and carried off the prize.”
(2) That good books are still very cheap, particularly those which it is necessary to possess. So much is talked about the high prices which books fetch, that many are led to believe that he must be a rich man who commences to collect a library; but this is not so, for many good books in good condition can be bought for a few shillings; in fact, some of the best library books, well bound, do not range at more than ten shillings per octavo volume, and this cannot be called a high price. Ordinary collectors must make up their minds to do without Mazarin Bibles and first folios of Shakespeare, and they will find that life can be lived without these expensive luxuries.