Qian Zhongshu had long been recognized as a great literary critic and novelist before the 1979 publication of the monumental Pipe-Awl Books (Guanzhui Bian) called the attention of learned communities at home and abroad to his vast learning in both Chinese and Western cultural traditions. His amazing erudition and penetrating insight dazzled serious scholars across the boundaries of professional disciplines. Philosophers, historians, political scientists, sociologists, psychologists, writers, and linguists all draw inspiration from his rich references and judicious comments, which are full of wit, wisdom, and vision. This essay is one of five studies on Qian's view of history. Qian ferrets out five thoughtful principles that compose the substance and function of traditional Chinese historiography. The first four principles touch upon two vital historiographical questions, namely, the style of historical writing and to what extent history can be truthful. The fifth principle is about the use of history. This essay, however, not only just to expound on Qian's thoughts but also amplifies the issues he raises. The conclusion is that historical narration can be beautiful, history can be truthful, and the use of history can be good to humanity.