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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

Bologna, the pupil of Francia; the next is attributed to Lorenzo di Credi; the third and fourth of high excellence, though unassigned; and the fifth by Perugino, signed “Petrus Perusinus pinxit.” For this artistic treasure Mr. James Dennistoun gave £20 in Rome in the year 1838. When he had purchased it he found that opposition to its leaving Italy would be made on the part of the Roman authorities, so he had it unbound and divided, and got it sent to England privately a few pages at a time. He afterwards sold it to Lord Ashburnham for £700. These facts were printed in the Times in 1883 by a cousin of Mr. Dennistoun.

Mr. Madan gives in his “Books in Manuscript,” 1893, a very interesting account of a bargain obtained by the Bodleian Library, which account is here reproduced in a somewhat condensed form. “Six years ago [1887] a little octavo volume, in worn brown binding, stood on the shelves of a small parish library in Suffolk, but was turned out and offered at the end of a sale at Sotheby’s, presumably as being unreadable to country folk.” It was described in the catalogue as “Latin Gospels of the Fourteenth Century, with English Illuminations.” For the sum of £6 it passed into the Bodleian Library, and came to be catalogued as an ordinary accession. It was noticed that the writing was of the eleventh century, and that the illuminations were valuable specimens of old English work of the same century, comprising figures of the four evangelists, of the Byzantine type, which was common in the west of Europe; the drapery, however, colouring, and accessories were purely English. The book itself was seen to be not the complete Gospels, but such portions as were used in the service of the Mass at different times of the year. On a fly-leaf was found a Latin poem, describing how the book had dropped in the water and was brought up by a soldier, who plunged in after it. Surprise was expressed that the book was uninjured, save a slight contraction of two of the leaves, and to this expression was added, “May the king and pious queen be saved for ever, whose book was but now saved from the waves!” Curiosity was felt as to the identity of this king and queen, when the difficulty was solved by a reference to Forbes-Leith’s “Life of St. Margaret

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