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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

“There is, in my opinion, no manual labour more becoming a monk than the writing of ecclesiastical books, and preparing what is needful for others who write them, for this holy labour will generally admit of being interrupted by prayer and of watching for the food of the soul no less than of the body. Need, also, urges us to labour diligently in writing books, if we desire to have at hand the means of usefully employing ourselves in spiritual studies. For you see that all the library of this monastery, which formerly was fine and large, has been so dissipated, sold, and made away with by the disorderly monks before us, that when I came I found but fourteen volumes.”19

Others were wiser than to oppose the new art, and many scribes, recognising the inevitable destruction of their trade, became printers. Caxton’s master, Colard Mansion, was an extensive writer of manuscripts before he took to the business of printing at Bruges. Much has been written upon famous collections of manuscripts, and upon the individual works which compose them, but it is not often that these come to public auction, so that the particulars of prices are comparatively meagre. The grand collections of the British Museum and the Bodleian20 are preserved in safety for the use of the learned, and we only know that they are of the greatest value. What they would fetch if sold now can only be guessed, and it would be merely frivolous to inquire. Three of the grandest collections in the Museum—the old Royal Library, the Cotton, which was only saved from slow destruction by the establishment of the British Museum, to which it was transferred, and the Harley, which the nation obtained for £10,000—must now be of untold value.

The purchase by the British Museum of the library of Dr. Charles Burney greatly added to the completeness of the collections of Greek Classics. Among the manuscripts is the wonderful Iliad of Homer on vellum, formerly belonging to Mr. Towneley, which, although it cannot be dated further back than the beginning of the fourteenth century, is

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