I think the inked illustrations and word layout are much more important and interesting than the storyline. This edition, from 1972, notes that it was originally published in 1902.
As the book jacket notes, "In his pursuit of little Peter, the ingenious Uncle Lubin encounters the wicked bag-bird, builds an airship, meets the Vammadopper, goes to the land of Chilblains, invents a submarine, and contends with a sea-serpent, a dragon, a Rajah, and a very tall cocoa-nut tree."