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Henry B. Wheatley examines the historical fluctuations in the prices of books as an indicator of broader economic and intellectual development. The text analyzes how factors such as scarcity, mechanical innovation, and changing social values influence the market value of printed works over time.

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CHAPTER III PRICES OF MANUSCRIPT BOOKS

In a treatise devoted to an inquiry concerning the varying prices of books, it is necessary that at least one chapter should be devoted to manuscripts. There is no field of investigation which offers a more interesting subject for study, and few that are more difficult to master. Manuscripts are really more attractive than printed books, because they are so various, and have been produced over a much longer period of the world’s history. It is therefore strange that so few authors care to trouble themselves about them; that this is so may be seen from the large number of readers at the British Museum who are contented to quote over and over again from the much-used printed books, and the comparatively few who cultivate the virgin soil of the Manuscript Department, where there are endless stores of unused materials.

Manuscripts are usually somewhat miscellaneous in character, for they consist (1) of some of the finest examples of the pictorial art of many ages; (2) of the originals of the great works of antiquity; (3) of a large number of valuable works that have never been printed; (4) of charters, documents, letters, memoranda, &c., which are of great value, but which are not books, and therefore do not come within the scope of our present inquiry. In respect to the prices of the manuscripts, it is very difficult to say anything of much value, because (1) many of the most important manuscripts have been transferred from library to library in bulk, and it is comparatively seldom that they come up for public sale; (2) the buyers of manuscripts are fewer than those of printed books, and therefore it is more difficult to arrive at a real standard price for books which are practically unique, as there is no wide public opinion upon the subject. But for the present purpose, a still more important reason why this vast

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