Answer:
It establishes an earlier time period.
Step-by-step explanation:
This is one of the reasons why it is convenient to use this phrase ("I know not...") as opposed to a different one. As a modern reader, we are usually more acquainted with phrases such as "I don't know." Therefore, we might find it strange to see other type of syntax being used. However, the advantage of this is the fact that such a phrase allows us to establish the time period of the story. From this, we can imply that the syntax belongs to an earlier time period.