But in the beginning of the sixteenth century the literature of Iceland ultimately reached the period of its greatest excellence and began to decline. Books in considerable numbers always continued to be written, though works of positive genius were wanting. Yet in Iceland there has never been an absence of literary industry, while during the recent period the national reputation has been sustained by Finn Magnussen and similar great names. One hundred years before the Plymouth colonists, following in the track of Thorwald Ericson, landed on the sands of Cape Cod, the people of Iceland had set up the printing press, and produced numerous works both in the native language and the Latin tongue. It is to this people, whom Saxo Grammaticus points out as a people distinguished for their devotion to letters, that we are indebted for the narratives of the pre-Columbian voyages to America. Though first arranged for oral recitation, these Sagas were afterwards committed to manuscript, the earliest of which do not now exist, and were finally preserved in the celebrated Flatö collection nearly a century before the rediscovery of America by Columbus. But it is no longer necessary to spend much time on this point, since the character and value of the Icelandic writings have come to be so generally acknowledged, and especially since scholars and antiquarians like Humbolt have fully acknowledged their authenticity and authority. It is proper to notice here the fact that not a few have imagined that the claims of the Northmen have been brought forward to detract from the fame of Columbus;[62] yet, nothing could be farther from the truth, since no one denies that it was by the discovery of America by Columbus that the continent first became of value to the Old World. The Northmen came and went away without accomplishing any thing of lasting value; yet, because the world at large derived no benefit from their discovery, it is certainly unjust to deny its reality.