Classics Without All the Class discussion

This topic is about
The Phantom of the Opera
Jul 2013 - Phantom of the Opera
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Odd all-caps in your edition?
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The footnote says:
Gaston Leroux's idiosyncratic use of italics has excited considerable critical comment. They usually serve the narrative in the way that film music serves movie plots -- that is, they point to feelings or signal coming shifts in the action.
The italics frequently have considerable lyric resonance. So much so that the poet Jean Rogeul has made a poetic collage of italicized lines selected from a wide range of Leroux's fiction.

I think italics were a "thing" back in the day... I just remember reading Rilla of Ingleside and her talking about writing in italics.

"He has seen the ghost behind the Persian, THE GHOST WITH THE DEATH'S HEAD just like Joseph Buquet's description!"
(location 174, about 5% in).
Anyone who's reading another version, does it have this idiosyncratic little feature? I guess it could be in the original and not in every version of it, so I'm wondering.
In my head it sounded like Taylor Mali reciting I'll Fight You For the Library, where he acts like he's reading a letter and you can almost hear the CAPS. :-) (youtube it - it's incredible). I'm not sure if I find this jarring or charming. What do you all think? Some odd convention from 100 years ago? Cute technique? What the ____? :-)