It's great to have this available. This 1927 edition appears to be a joint JW Sargeant/G Morrish reprint of JWS's 1913 'New Edition' (88 pages). In 1905 he had issued a 'New and Enlarged Edition' (84 pages) which is the same as this one minus the last three hymns but including Thomas Kelly's "Lord, accept our feeble song!"
The first edition of Praise Songs is undated [annoyingly typical of 'Brethren' !] but must have been c.1895. It comprised 56 pages and finishes with J G Deck's "Soon will the Master come" and had about half a dozen hymns substituted for others in the later editions.
Praise Songs was the first publication to feature the tunes of Miss S. M. Walker, Joseph Revell, the elusive Mary Sidney Cooper, and Janet Harriet McNair (1874-1961).
Actually, Steve, I think the hymn is by Frances Bevan written at "P.G.", that is, "Princes Gate" her London home at the time. It is based on the German of Gerhardt Tersteegen and was published in her Hymns of Ter Steegen, Suso and Others (London: James Nisbet, 1894).