Knit Quilt: Narrow or Twist Stripe from the pattern "Knit Quilt" from the Ladies' Guide to to Elegant Lace Patterns, Etc 1884. Updated versions of the edging, quilt and tidy patterns from the book can be found at http://www.knitting-and.com/ladies-guide/index.html
Shown with a cast-on count of 40 stitches.