Writing to his friend William Dean Howells, Henry James characterized his experimental novel, , as the only one of his novels to be told in the first person, as “a fine flight into the high fantastic.” While traveling to the country house of Newmarch for a weekend party, the nameless narrator becomes obsessed with the idea that a person may become younger or cleverer by tapping the “sacred fount” of another person. Convinced that Grace Brissenden has become younger by drawing upon her husband, Guy, the narrator seeks to discover the source of the newfound wit of Gilbert Long, previously “a fine piece of human furniture.” His perplexing and ambiguous quest, and the varying reactions it provokes from the other guests, calls into question the imaginative inquiry central to James’s art of the novel. James described the essential idea of as “a young person conscious of a great capacity for life, but early stricken and doomed, condemned to die under short respite, while also enamoured of the world.” The heroine, a wealthy young American heiress, Milly Theale (inspired by James’s beloved cousin Minny Temple), is slowly drawn into a trap set for her by the English adventuress Kate Croy and her lover, the journalist Morton Densher. The unexpected outcome of their mercenary scheme provides the resolution to a tragic story of love and betrayal, innocence and experience that has long been acknowledged as one of James’s supreme achievements as a novelist. This volume prints the New York Edition text of , and includes the illuminating preface James wrote for that edition. is an independent nonprofit cultural organization founded in 1979 to preserve our nation’s literary heritage by publishing, and keeping permanently in print, America’s best and most significant writing. The Library of America series includes more than 300 volumes to date, authoritative editions that average 1,000 pages in length, feature cloth covers, sewn bindings, and ribbon markers, and are printed on premium acid-free paper that will last for centuries.