The Complete Works of William Shakespeare - Israel Gollancz William Shakespeare [3400]
Financial position before 1599.
The financial prosperity to which this correspondence and the transactions immediately preceding it point has been treated as one of the chief mysteries of Shakespeare’s career, but the difficulties are gratuitous. There is practically nothing in Shakespeare’s financial position that a study of the contemporary conditions of theatrical life does not fully explain. It was not until 1599, when the Globe Theatre was built, that he acquired any share in the profits of a playhouse. But his revenues as a successful dramatist and actor were by no means contemptible at an earlier date. His gains in the capacity of dramatist formed the smaller source of income. The highest price known to have been paid before 1599 to an author for a play by the manager of an acting company was £11; £6 was the lowest rate. A small additional gratuity—rarely apparently exceeding ten shillings—was bestowed on a dramatist whose piece on its first production was especially well received; and the author was by custom allotted, by way of ‘benefit,’ a certain proportion of the receipts of the theatre on the production of a play for the second time. Other sums, amounting at times to as much as £4, were bestowed on the author for revising and altering an old play for a revival. The nineteen plays which may be set to Shakespeare’s credit between 1591 and 1599, combined with such revising work as fell to his lot during those eight years, cannot consequently have brought him less than £200, or some £20 a year. Eight or nine of these plays were published during the period, but the publishers operated independently of the author, taking all the risks and, at the same time, all the receipts. The publication of Shakespeare’s plays in no way affected his monetary resources, although his friendly relations with the printer Field doubtless secured him, despite the absence of any copyright law, some part of the profits in the large and continuous sale of his poems.
But it was as an actor that at an early date he acquired a genuinely substantial and secure income. There is abundance of contemporary evidence to show that the stage was for an efficient actor an assured avenue to comparative wealth. In 1590 Robert Greene describes in his tract entitled ‘Never too Late’ a meeting with a player whom he took by his ‘outward habit’ to be ‘a gentleman of great living’ and a ‘substantial man.’ The player informed Greene that he had at the beginning of his career travelled on foot, bearing his theatrical properties on his back,