There can be no doubt about the fact that Englishmen as a rule do not attach sufficient importance to book-buying. If the better-class tradesman, or professional man, spends a few pounds at Christmas or on birthday occasions, he feels that he has become a patron of literature. How many men, who are getting £1,000 a year, spend £1 per month on books? The library of the average middle-class person is in ninety-nine cases out of a hundred the cruelest possible commentary on his intelligence, and, as a matter of fact, if it contains a couple of volumes worthy of the name of books, their presence is more often than not an accidental one. A few volumes of the Sunday at Home, the Leisure Hour, Cassell's Magazine, or perhaps a few other monthly periodicals, carefully preserved during the twelve months of their issue, and bound up at the end of the year—with such stuff as this is the average Englishman's bookcase filled. Mark Pattison has gone so far as to declare that while the aggregate wealth of the United Kingdom is many times more than it was one hundred and fifty years ago, the circle of book-buyers, of the lovers of literature, is certainly not larger, if it be not absolutely smaller. It may be urged that a person with £1,000 per annum as income usually spends £100 in rent, and that the accommodation which can be got for that amount does not permit of one room being devoted to library purposes. This may be true, but this explanation is not a valid excuse, for a set of shelves, 13 feet by 10 feet 6 inches, placed against a wall will accommodate nearly one thousand octavo volumes—the genius of the world can be pressed into a hundred volumes. An American has advised his readers to 'own all the books you can, use all the books you own, and as many more as you can get.' The advice is good, and it is well to remember that by far the majority of great book-collectors have lived to a ripe old age. The companionship of books is unquestionably one of the greatest antidotes to the ravages of time, and study is better than all medical formulas for the prolongation of life.

The man who has resolved upon getting together a collection of first-class books may not unreasonably be appalled at the difficulties which stand in the way. And what, indeed, it may be asked, will become of the hundreds and thousands of books which are now all the fashion? How many will survive the levelling process of the next half a score of years, and how few will be known, except to bibliographers, half a century hence? The lessons of the past would aid us in arriving at some sort of conclusion as regards the future, if we were inclined to indulge in speculation of this vain character. It will, however, be interesting to point out that of the 1,300 books printed before the beginning of the sixteenth century, not more than 300 are of any importance to the book-collector. Of the 50,000 published in the seventeenth century, not more than perhaps fifty are now held in estimation; and of the 80,000 published in the eighteenth century not more than 300 are considered worth reprinting, and not more than 500 are sought after.

In a curious little book, 'L'An 2440, rêvue s'il en fut jamais,' published in Paris a century ago, there is a very quaint description of the process by which, in an improved state of society, men would apply themselves not to multiply books, but to gather knowledge. The sages of the political millennium exhibited their stores of useful learning in a cabinet containing a few hundred volumes. All the lumber of letters had perished, or was preserved only in one or two public libraries for the gratification of a few harmless dreamers that were tolerated in their laborious idleness. This pleasant little picture, drawn by M. L. S. Mercier, of the state of things five centuries hence, is in strong contrast to the painful plethora of books of the present day. Dr. Ingleby, the famous Shakespearian scholar, is credited with the idea of establishing a society for the purpose of procuring books which no one else would buy; but this society (the 'Syncretic Book-club') could not have had any success if the vast quantities of unsaleable rubbish which one meets with on every hand are to be taken into account. Doubtless Dr. Ingleby would have included in his scope such books as Lord Lonsdale's 'Memoir of the Reign of James II.,' 1803, which fifty years ago sold for 5-1/2 guineas, but which, within the past few months, has declined to two shillings!

There was a time when even old and unsaleable books had a commercial value. Before the cheapening of paper, a second-hand bookseller had always the paper-mill to fall back on, and the price then paid, £1 10s. per cwt., was one inducement to dispose of folios and quartos which remained year in and year out without a purchaser. The present price of waste-paper is half a crown a hundredweight, so that the bookseller is now practically shut out of this poor market. Indeed, an enterprising bibliopole was lately offering 'useful old books,' etc., at 3s. 6d. per cwt., free on the rails, provided not less than six hundredweight is bought. 'To young beginners,' he states, 'these lots are great bargains'; but whether he means young beginners in literature or young beginners in trade, is an open question. In either case, 'useful old books' at the price of waste-paper are a novelty. There is a certain amount of danger in the wholesale destruction of books, for posterity may place a high value, literary and commercial, on the very works which are now consigned to the paper-mill. Unfortunately, posterity will not pay booksellers' rent of to-day. Just as those books which have the largest circulation are likely to become the rarest, so do those which were at one time most commonly met with often, after the lapse of a few decades, become difficult to obtain. In one of his 'Echoes' notes, Mr. G. A. Sala tells us that, in the course of forty years' bookstall-hunting, he has known a great number of books once common become scarce and costly—e.g., Lawrence's 'Lectures on Man'; Walker's 'Analysis of Beauty'; Millingen's 'Curiosities of Medical Experience'; Beckford's 'Vathek' in French; Jeremy Bentham's works; and Harris's 'Hermes.' Possibly the disappearance of these and many other books may be attributed to certain definite causes. For example, in the early years of this century one of the commonest books at 1s. or 1s. 6d. was Theobald's 'Shakespeare Restored'; but fifty years later it was a very rare book. The interest in Shakespeare and his editors had become quite wide-spread in literary circles, and literature in any way bearing on the subject found ready purchasers.

Just as the disappearance of certain books sends their prices up considerably in the market, so the unexpected appearance of others has just the reverse effect. Until quite recently one of the scarcest of the first editions of the writings of Charles Dickens was a thin octavo pamphlet of seventy-one pages, entitled 'The Village Coquettes: a Comic Opera. In two Acts. London: Richard Bentley, 1836.' So rare was this book that very few collectors could boast the possession of it, and an uncut example might always be sold for £30 or £40. About a year before his death, Dickens was asked by Mr. Locker-Lampson whether he had a copy; his reply was: 'No, and if I knew it was in my house, and if I could not get rid of it in any other way, I would burn the wing of the house where it was'—the words, no doubt, being spoken in jest. Not long since, a mass of waste-paper from a printer's warehouse was returned to the mills to be pulped, and would certainly have been destroyed had not one of the workmen employed upon the premises caught sight of the name of 'Charles Dickens' upon some of the sheets. The whole parcel was carefully examined, and the searchers were rewarded by the discovery of nearly a hundred copies of 'The Village Coquettes,' in quires, clean and unfolded. These were passed into the market, and the price at once fell to about £5. The most curious things turn up sometimes in a similar manner. A little sixpenny bazaar book ('Two Poems,' by Elizabeth Barrett and Robert Browning, 1854) was for a long time extremely rare, as much as £3 or £4 being paid for it when it occurred for sale. Suddenly it appeared in a bookseller's catalogue at 2s., and as every applicant could have as many as he wanted, it then leaked out that the bookseller, Mr. Herbert, had purchased about 100 copies with books which he purposed sending to the mill. Even 'remainders' sometimes turn out to be little gold-mines. The late Mr. Stibbs bought the 'remainder' of Keats's 'Endymion' at 4d. per copy. We do not know what he realized by this investment, but their value for some years has been £4 and upwards.

The subject of book-finds is one about which a volume might be written. Every 'special' collector has his fund of book-hunting anecdotes and incidents, for, where the rarity of a well-known book is common property, there is not usually much excitement in running it to earth. The fun may be said to begin when two or three people are known to be on the hunt after a rare and little-known volume, whose interest is of a special character. To take, as an illustration, one of the most successful book-hunters of modern times, the late Henry Stevens, of Vermont. Until Mr. Stevens created the taste for Americana among his fellow-countrymen, very few collectors considered the subject worth notice. And yet, in the space of a quarter of a century, he unearthed more excessively rare and unique items than the wildest dreamer could have supposed to exist. Books and pamphlets which were to be had for the proverbial old song when he first came to this country quickly became the objects of the keenest competition in the saleroom, and invariably found buyers at extravagant prices. As an illustration, although not an American item, we may mention that when a copy of the Mazarin Bible was offered at Sotheby's in 1847, the competitors were an agent of Mr. James Lenox (Stevens' client) and Sir Thomas Phillipps in person; the latter went to £495, but the agent went £5 better, and secured the prize at the then unheard-of price of £500. At first Mr. Lenox declined to take the book, but eventually altered his mind, wisely as it proved, for although at long intervals copies are being unearthed, the present value of Mr. Lenox's copy cannot be much short of £4,000. During 1854 and 1855 Mr. Stevens bought books to the value of over 50,000 dollars for Mr. Lenox, and on reviewing the invoices of these two years, 'I am confident,' says Mr. Stevens, 'that, if the same works were now' (1887) 'to be collected, they would cost more than 250,000 dollars. But can so much and so many rare books ever be collected again in that space of time?' In December, 1855, Mr. Stevens offered Mr. Lenox in one lump about forty Shakespeare quartos, all in good condition, and some of them very fine, for £500, or, including a fair set of the four folios, £600, an offer which was accepted, and it may be doubted whether such a set could now be purchased for £6,000. Mr. Lenox was for over ten years desirous of obtaining a perfect copy of 'The Bay Psalter,' printed by Stephen Daye at Cambridge, New England, 1640, the first book printed in what is now the United States, and had given Mr. Stevens a commission of £100 for it. After searching far and wide, the long-lost 'Benjamin' was discovered in a lot at the sale of Pickering's stock at Sotheby's in 1855. 'A cold-blooded coolness seized me, and advancing towards the table behind Mr. Lilly, I quietly bid, in a perfectly neutral tone, "Sixpence"; and so the bids went on, increasing by sixpences, until half a crown was reached and Mr. Lilly had loosened the string. Taking up this very volume, he turned to me and remarked, "This looks a rare edition, Mr. Stevens; don't you think so? I do not remember having seen it before," and raised the bid to 5s. I replied that I had little doubt of its rarity, though comparatively a late edition of the Psalms, and at the same time gave Mr. Wilkinson a sixpenny nod. Thenceforward a "spirited competition" arose between Mr. Lilly and myself, until finally the lot was knocked down to Stevens for 19s.' The volume had cost the late Mr. Pickering 3s. It became Mr. Lenox's property for £80. Twenty-three years later another copy was bought by Mr. Cornelius Vanderbilt for 1,200 dollars.

In a letter to Justin Windsor, the late J. Orchard Halliwell-Phillipps gave some very curious and interesting information respecting book-collecting in the earlier half of the present century. 'About the year 1836,' he wrote, 'when I first began hunting for old books at the various stalls in our famous London city, black-letter ones and rare prints were "plenty as blackberries," and I have often found such things in unlikely places and amidst a mass of commonplace rubbish, exposed for sale in boxes labelled, "These books and pamphlets 6d. or 1s. each," outside an old bookseller's window, where another notice informed the passer-by that "Libraries were purchased or books bought;" and thus plainly showed how such now indeed rarities came into the possession of an ignorant bibliopole. It was not, however, till about 1840 that I turned my attention to the more special work of collecting Shakespeare quartos, in which, I may say, I have been very successful. It was at one of George Chalmers' sales that I first bought one or two, and after that I hunted for them in all parts of the country, and met with considerable success, often buying duplicates, and even triplicates, of the same edition and play. At one time I possessed no less than three copies of the very rare quarto edition of "Romeo and Juliet," 1609, and sometimes even had four copies of more than one of the other quartos. Not so very long before this period, old Jolley, the well-known collector, picked up a Caxton at Reading, and a "Venus and Adonis," 1594, at Manchester, in a volume of old tracts, for the ignoble sum of 1s. 3d. Jolley was a wealthy orange-merchant of Farringdon Street, London, and entertained me often with many stories of similar fortunate finds of rare books, which served to whet my appetite only the more. But I was soon stopped in my book-hunting career by the appearance all at once on the scene of a number of buyers with much longer purses than my own, and thus I was driven from a market I had derived so much pleasure from with great regret. Some time afterwards circumstances rendered it desirable that I should part with a large number of my book-treasures by auction and to the British Museum; but even then I retained enough to be instrumental in founding the first Shakespearian library in Scotland, by presenting to the University of Edinburgh, amongst other rarities, nearly fifty copies of original quartos of Shakespeare's plays, printed before the Restoration, and to keep sufficient myself of the rarest and most valuable examples.'

Sometimes the notes of a former possessor have a considerable literary interest, as, for example, the copy of Stowe's 'Survey of London,' 1618, presented to the Penzance Library by the late J. O. Halliwell-Phillipps, who has written, under date December 24, 1867, the following note: 'This is a favourite book of mine. I like to read of London as it was, with the bright Thames crowded with fish, and its picturesque architecture. . . . I should not have discarded this volume for any library, had I not this day picked up a beautiful large paper copy of it, the only one in that condition I ever saw or heard of.'