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Do any of you practice this particular devotion? What prayers or practices would you suggest, and is there any literature I should read?
Years ago, I read a wonderful book by Fr. Frederick William Faber titled The Precious Blood: The Price of Our Salvation.  I highly recommend it!  Here's a link to order it at Amazon.com.

http://www.amazon.com/Precious-Blood-Fre...089555075X
Hawaii Five-0 funnily enough that's the book that made me wonder about this devotion! I saw it for sale at a local bookshop and haven't been able to forget about it. I didn't buy it though, will go over tomorrow and hopefully it'll still be there.

CrusaderKing, thanks very much for those links. Much appreciated.
I pray a month long novena in July, the month of the Precious Blood.
I'm trying to access  http://www.catholictradition.org/Christ/...-blood.htm but keep getting a "Reported Attack page!" warning. Do any of you get that too?
Is this the Prayer you are referring to?

SEVEN OFFERINGS OF THE PRECIOUS BLOOD

Eternal Father, I offer Thee the merits of the Most Precious Blood of Jesus, Thy Beloved Son and my Divine Redeemer, for the propagation and exaltation of my dear Mother the Holy Church, for the safety and prosperity of her visible Head, the Holy Roman Pontiff, for the cardinals, bishops and pastors of souls, and for all the ministers of the sanctuary.
Glory be to the Father, and to the Son, and to the Holy Ghost. As it was in the beginning, is now, and ever shall be, world without end. Amen. Blessed and praised forevermore be Jesus Who hath saved us by His Precious Blood! Amen.

Eternal Father, I offer Thee the merits of the Most Precious Blood of Jesus, Thy Beloved Son and my Divine Redeemer, for the peace and concord of nations, for the conversion of the enemies of our holy faith and for the happiness of all Christian people.
Glory be to the Father, and to the Son, and to the Holy Ghost. As it was in the beginning, is now, and ever shall be, world without end. Amen. Blessed and praised forevermore be Jesus Who hath saved us by His Precious Blood! Amen.

Eternal Father, I offer Thee the merits of the Most Precious Blood of Jesus, Thy Beloved Son and my Divine Redeemer, for the repentance of unbelievers, the extirpation of all heresies, and the conversion of sinners.
Glory be to the Father, and to the Son, and to the Holy Ghost. As it was in the beginning, is now, and ever shall be, world without end. Amen. Blessed and praised forevermore be Jesus Who hath saved us by His Precious Blood! Amen.

Eternal Father, I offer Thee the merits of the Most Precious Blood of Jesus, Thy Beloved Son and my Divine Redeemer, for all my relations, friends and enemies, for the poor, the sick, and those in tribulation, and for all those for whom Thou willest I should pray, or knowest that I ought to pray.
Glory be to the Father, and to the Son, and to the Holy Ghost. As it was in the beginning, is now, and ever shall be, world without end. Amen. Blessed and praised forevermore be Jesus Who hath saved us by His Precious Blood! Amen.

Eternal Father, I offer Thee the merits of the Most Precious Blood of Jesus, Thy Beloved Son and my Divine Redeemer, for all those who shall this day pass to another life, that Thou mayest preserve them from the pains of hell, and admit them the more readily to the possession of Thy Glory.
Glory be to the Father, and to the Son, and to the Holy Ghost. As it was in the beginning, is now, and ever shall be, world without end. Amen. Blessed and praised forevermore be Jesus Who hath saved us by His Precious Blood! Amen.

Eternal Father, I offer Thee the merits of the Most Precious Blood of Jesus, Thy Beloved Son and my Divine Redeemer, for all those who are lovers of this Treasure of His Blood, and for all those who join with me in adoring and honoring It, and for all those who try to spread devotion to It . .
Glory be to the Father, and to the Son, and to the Holy Ghost. As it was in the beginning, is now, and ever shall be, world without end. Amen. Blessed and praised forevermore be Jesus Who hath saved us by His Precious Blood! Amen.

Eternal Father, I offer Thee the merits of the Most Precious Blood of Jesus, Thy Beloved Son and my Divine Redeemer, for all my wants, spiritual and temporal, for the holy souls in Purgatory, and particularly for those who in their lifetime were most devoted to this Price of our redemption, and to the sorrows and pains of our dear Mother, most Holy Mary . . .
[i]Glory be to the Father, and to the Son, and to the Holy Ghost. As it was in the beginning, is now, and ever shall be, world without end. Amen. Blessed and praised forevermore be Jesus Who hath saved us by His Precious Blood! Amen.
[/i]
Blessed and exalted be the Blood of Jesus, now and always, and through all eternity. Amen.


A HIDDEN TREASURE
Appearing to one of the sisters of her community shortly after her death, St. Teresa of Avila told the sister that she would be willing to return to a life of suffering on earth until the end of time if thereby she could merit that degree of glory with which God rewards one devoutly recited "Hail Mary." St. Paul speaks in like manner when he says: "The sufferings of this life are not to be compared with the glory to come."

If one short prayer is thus rewarded, what reward awaits those who offer to the Eternal Father, the Precious Blood of Jesus. "An offering," says Father Faber, "is more than a prayer. In prayer we are the recipients, but when we make an offering God vouchsafes to accept something from us." In Our Lord's own words to Sister Mary Martha Chambon, Apostle of the Holy Wounds: "To offer to the Eternal Father the Sacred Wounds of Jesus is to offer Him His Glory, to offer Heaven to Heaven. Each time you offer to My Father the merits of My Divine Wounds, you gain an immense fortune . . . You must not remain poor, your Father is very rich."

If you and I, at this very moment, were standing on the threshold of eternity, we would see a limitless duration extending before us which our vision would fail to terminate. Looking on this endlessness the awful truth would come to us that the time of merit had passed forever. The saints realized this truth while yet in life, and we can see the vastness of their reward.
Those who have passed into eternity realize that there will be no further opportunities for additional merit, for time has passed forever. If regrets were possible in Heaven, unused opportunities would be the cause, for the blessed know what greater capacity for giving accidental honor to God they would have had if they had used all their opportunities. Because of God's mercy they have no regrets, but their status is sealed forever.

The position of the priest in heaven must be tremendous for he offers daily a Victim-of-Infinite-Worth; and yet each one of us can offer the same Victim in a different manner by sincerely saying:

"Eternal Father, I offer Thee the merits of the Most Precious Blood of Jesus."
Just suppose that if you were to make the Seven Offerings each day; it would take only a few minutes of time, and yet the vast merit gained would last eternally.
What an investment!

THE PRECIOUS BLOOD AND HEAVEN
Promises of Our Lord to Sister Mary Martha Chambon
Those who pray with humility and who meditate on My Passion, shall one day participate in the glory of My Divine wounds. Their members will receive from them a resplendent beauty and glory.
The more you shall have contemplated My Painful wounds on this earth, the higher shall be your contemplation of them glorious in Heaven.
The soul who during life has honored and studied the Wounds of Our Lord Jesus Christ and has offered Them to the Eternal Father for the Souls in Purgatory will be accompanied at the moment of death by the Holy Virgin and the Angels; and Our Lord on the Cross, all brilliant in glory will receive her and crown her.

REFLECTIONS
Life is short and death is sure; the hour of death remains obscure.
A soul you have, and only one; if that be lost all hope is gone.
Waste not your time, while time shall last; for after death 'tis ever past.
The all-seeing God your Judge will be, and Heaven or Hell your destiny.
All earthly things will fleet away, Eternity will ever stay.
Look for the 'Jesus+Mary+Joseph Novena Manual' by Fr Stedman, published by the Sister Adorers of the Precious Blood in Brooklyn, NY. It has a number of prayers and devotions in it.
There is a chapelet of the Precious Blood.
Some devotional stuff at srspreciousbloodnh.org.
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