Source : Webster's Revised Unabridged Dictionary (1913)

Inkstand \Ink"stand`\, n.
   A small vessel for holding ink, to dip the pen into; also, a
   device for holding ink and writing materials.

Source : WordNet®

inkstand
     n 1: a small well holding writing ink into which a pen can be
          dipped [syn: {inkwell}]
     2: a tray or stand for writing implements and containers for
        ink