two hundred years ago would be worth about five times as much. In the fifteenth and sixteenth centuries money was worth ten or twelve times what it is now, but there is some difficulty in calculating correctly the rates respectively of necessaries and luxuries. This is a matter for experts, and cannot be more than alluded to here, as a warning to the reader that he must always remember that a pound or a shilling in previous centuries was of more value than it is to-day, and possessed a much greater purchasing power.
(2) That in dealing with prices we are interested with rare and specially valuable books. Ordinary standard books, even in good editions, were never cheaper than at present.
A writer of a work of this kind must feel grateful to predecessors, who have made it possible for him to gather satisfactory material for his purpose. Special gratitude is due to Thomas Frognall Dibdin, Hartwell Horne, and William Clarke (author of the Repertorium Bibliographicum), who were all thorough workers in this field. The labours of Dibdin have been unjustly depreciated by many modern writers. His works, besides being among the most beautiful books produced in Europe, are mines of bibliographical anecdote and useful literary information. Objections may be made by some to his descriptions, but he certainly greatly influenced the bibliomania of a former age, and made many sales famous which otherwise would have been forgotten except by the few.
There is a gap in the literature of our subject between authors at the beginning of the century and the modern writers, who largely obtain their information from French sources.
CHAPTER I
INTRODUCTION
The treatment of such a subject as the Prices of Books necessarily obliges us to range over a wide field, for books have been bought and sold far back in the historical period, and to books, both manuscript and printed, we have to refer largely for records of the past. It is, however, only possible in the space at our disposal to take a very general view of the subject; and it is to be hoped that, in recording the main points in the vicissitudes of prices, the information may not be deemed too desultory to be serviceable.
We might go back to the earliest times, even to Job’s famous exclamation, but for our present purpose there would not be much advantage in roaming in this early period, as the results to be recorded would partake more of an archæological, than of a practical character. There is very little chance of a copy of the first book of Martial’s Epigrams (which, when first composed by the author, cost at Rome about three shillings and sixpence of our money) coming to auction, so that we are not likely to be able to record its present value.
A consideration of the subject opens up a large number of interesting subjects, which can only casually be alluded to, such as the position of authors, and their remuneration.
For several centuries monasteries were the chief producers of literature, and it seems probable that it was worth the while of the chiefs of some of these literary manufactories to pay a poet such as Chaucer something for a new Canterbury Tale, which they could copy and distribute over the country. We know by the number of manuscripts, and the different order in these, that several establishments were employed in the production of the manuscripts, and we may guess that there would probably be competition among them, which would naturally result in a settlement of some terms of payment.
In the early times it was only rich men who could afford to collect books. Amongst these, one of the most distinguished was Richard de Bury, Bishop of Durham, Treasurer and Chancellor of Edward III., who collected everything, and spared no cost in the maintenance of a staff of copyists and illuminators in his own household. Not only was he a collector (whose books, however, have been dispersed), but he was the author of an interesting relic of that devotion to an ennobling pursuit, the famous Philobiblon. This book had never been satisfactorily produced until the late Mr. Ernest Thomas issued in 1888 an admirable edition, founded on a collation of many manuscripts, and a spirited translation.1 This work occupied Mr. Thomas several years, and before he completed it he saw reason to doubt the high literary position which had been universally accorded to the author; and his opinion was confirmed by an unpublished passage in a manuscript of the Chronicon sui temporis of Adam de Murimuth, to which he was referred by Sir Edward Maunde Thompson, where Adam characterised the bishop in very harsh terms. Mr. Thomas published in “The Library” (vol. i. p. 335) an article entitled, “Was Richard de Bury an Impostor?” In this he expressed the opinion that Richard Aungerville—
(1) Was not an excellent bishop, but an ambitious self-seeker, who bought his way to preferment.
(2) Was not a scholar and patron of scholars, but merely a collector of books, that he might appear as a scholar.
(3) Did not bestow his collections on Durham College, Oxford, as he expressed his intention of doing; but that these collections were sold to pay debts incurred by his ostentatious extravagance.
(4) Did not write Philobiblon. The authorship was claimed for Robert Holkot, a Dominican, who for some time was a member of the bishop’s household.
It is certain that the evidence is such as to force us to lower our estimate of the prelate’s merits, but these four charges are certainly not all proved. He may not have been so learned and so unselfish a lover of books as was supposed, but there is no satisfactory reason for depriving him of the credit of being the author of the Philobiblon.
Mr. Thomas shows that Richard de Bury was born on 24th January 1287, and not 1281, as stated in the “Dictionary of National Biography.” He completed the Philobiblon, and on the 14th April of the same year Dominus Ricardus de Bury migravit ad Dominum.
A singularly appropriate chapter from the earliest “book about books” may here be quoted:—
“From what has been said we draw this corollary, welcome to us, but (as we believe) acceptable to few; namely, that no dearness of price ought to hinder a man from the buying of books, if he has the money that is demanded for them, unless it be to withstand the malice of the seller, or to await a more favourable opportunity of buying. For if it is wisdom only that makes the price of books, which is an infinite treasure to mankind, and if the value of books is unspeakable, as the premises show, how shall the bargain be shown to be dear where an infinite good is being bought? Wherefore that books are to be gladly bought and unwillingly sold, Solomon, the sun of men, exhorts in the Proverbs: Buy the truth, he says, and sell not wisdom. But what we are trying to show by rhetoric or logic, let us prove by examples from history. The arch-philosopher Aristotle, whom Averroes regards as the law of Nature, bought a few books of Speusippus straightway after his death for seventy-two thousand sesterces. Plato, before him in time, but after him in learning, bought the book of Philolaus the Pythagorean, from which he is said to have taken the Timæus, for ten thousand denaries, as Aulus Gellius relates in the Noctes Atticæ. Now Aulus Gellius relates this that the foolish may consider how wise men despise money in comparison with books. And on the other hand, that we may know that folly and pride go together, let us here relate the folly of Tarquin the Proud in despising books, as also related by Aulus Gellius. An old woman, utterly unknown, is said to have come to Tarquin the Proud, the seventh King of Rome, offering to sell nine books in which (as she declared) sacred oracles were contained; but she asked an immense sum for them, insomuch that the king said she was mad. In anger she flung three books into the fire, and still asked the same price for the rest. When the king refused it, again she flung three others into the fire, and still asked the same price for the three that were left. At last, astonished beyond measure, Tarquin was glad to pay for three books the same price for which he might have bought nine. The old woman straightway disappeared, and was never seen before or after. These were the Sibylline books....”
The destruction of libraries, which was common in the Middle Ages, naturally caused an increase in the value of those which remained. How completely these libraries passed away may be seen by the instance of that which was once preserved in St. Paul’s Cathedral, and is noticed by the late Dr. Sparrow Simpson in his “St.