Shylock's riches consist of gold and jewels, easy to conceal or to transport at a moment's notice, but also inviting to robbery and rapine. Antonio's riches consist in cargoes tossed on many seas, and exposed to danger from storms and from pirates. What Portia owns she owns in security: estates and palaces inherited from her fathers. There has needed, perhaps, as much as a century of direct preparation for the birth of such a creature. Her noble forefathers for generations back must have led free and stainless lives, favoured by destiny, prosperous and happy, in order to amass the riches which are her pedestal, to gain the respect which is her throne, to gather the household which forms her retinue, to decorate the palace in which she rules as a princess, and to endow her mind with the high faculty and culture befitting a reigning sovereign. She is healthy, though she is delicate; she is gay, although she is mentally a head taller than any of those around her; and she is young, although she is wise. She is of a fresher stock than the nervous women of to-day. She is borne aloft by an unfailing serenity of nature, which has never suffered any rude disturbance. It manifests itself in her gaiety under circumstances of painful uncertainty, in her self-control in overwhelming joy, and in her promptitude of action in an unforeseen and threatening conjuncture. She has inexhaustible resources in her soul, a profusion of ideas and inspirations, as great a super-abundance of wit as of wealth. In contradistinction to her lover, she never makes a display of what is not her own to command. Hence her equilibrium and queenly repose. If we do not realise this radiant joy of life in the inmost chambers of her soul, we are apt, even from her first scene with Nerissa, to think her jesting forced and her wit far-fetched, and are almost ready to make the criticism that only a poor intelligence plays tricks with speech and fantasticates in words. But when we have looked into the depths of this well-spring of health, we understand how her thoughts gush forth, flashing and plashing, as freely and inevitably as the jets of a fountain rise into the air. She evokes and discards image after image, as one plucks and throws away flowers in a luxuriant garden. She delights to wreath and plait her words, as she wreaths and plaits her hair.

It harmonises with her whole nature when she says (i. 2): "The brain may devise laws for the blood; but a hot temper leaps o'er a cold decree: such a hare is madness, the youth, to skip o'er the meshes of good counsel, the cripple." Such phrases must be conceived as springing from a delight in laughter and sport for the sport's sake; otherwise they would be stiff and cumbrous. In the same way, such a sally as this (iv. I)—

"Your wife would give you little thanks for that,
If she were by to hear you make the offer,"

must be taken as springing from a gleeful assurance of victory, else it might seem to show callous indifference to Antonio's apparently hopeless plight. There is an innate harmony in Portia's soul; but it is full-toned, complex, and woven of strongly contrasted elements, so that it requires some imagination to represent it to ourselves. There is something in the harmonious subtlety of her physiognomy which reminds us of Leonardo's female heads. Dignity and tenderness, the power to command and to obey, acuteness such as thrives in courts, and simple womanliness, an almost inflexible seriousness and an almost mischievous gaiety, are here cunningly commingled and combined.

How Shakespeare himself would have us regard her may be gathered from the enthusiasm with which he makes Jessica describe her to her lover (iii. 5). When one young woman so warmly eulogises another, we may safely assume that her merits are unimpeachable. "It is very meet," she says,

"The Lord Bassanio live an upright life,
For, having such a blessing in his lady,
He finds the joys of heaven here on earth;
And, if on earth he do not mean it, then
In reason he should never come to heaven.
Why, if two gods should play some heavenly match,
And on the wager lay two earthly women,
And Portia one, there must be something else
Pawn'd with the other, for the poor rude world
Hath not her fellow."

The central figure of the play, however, in the eyes of modern readers and spectators, is of course Shylock, though there can be no doubt that he appeared to Shakespeare's contemporaries a comic personage, and, since he makes his final exit before the last act, by no means the protagonist. In the humaner view of a later age, Shylock appears as a half-pathetic creation, a scapegoat, a victim; to the Elizabethan public, with his rapacity and his miserliness, his usury and his eagerness to dig for another the pit into which he himself falls, he seemed, not terrible, but ludicrous. They did not even take him seriously enough to feel any real uneasiness as to Antonio's fate, since they all knew beforehand the issue of the adventure. They laughed when he went to Bassanio's feast "in hate, to feed upon the prodigal Christian;" they laughed when, in the scene with Tubal, he suffered himself to be bandied about between exultation over Antonio's misfortunes and rage over the prodigality of his runaway daughter; and they found him odious when he exclaimed, "I would my daughter were dead at my foot and the jewels in her ear!" He was, simply as a Jew, a despised creature; he belonged to the race which had crucified God himself; and he was doubly despised as an extortionate usurer. For the rest, the English public—like the Norwegian public so lately as the first half of this century—had no acquaintance with Jews except in books and on the stage. From 1290 until the middle of the seventeenth century the Jews were entirely excluded from England. Every prejudice against them was free to flourish unchecked.

Did Shakespeare in a certain measure share these religious prejudices, as he seems to have shared the patriotic prejudices against the Maid of Orleans, if, indeed, he is responsible for the part she plays in Henry VI.? We may be sure that he was very slightly affected by them, if at all. Had he made a more undisguised effort to place himself at Shylock's standpoint, the censorship, on the one hand, would have intervened, while, on the other hand, the public would have been bewildered and alienated. It is quite in the spirit of the age that Shylock should suffer the punishment which befalls him. To pay him out for his stiff-necked vengefulness, he is mulcted not only of the sum he lent Antonio, but of half his fortune, and is finally, like Marlowe's Jew of Malta, compelled to change his religion. The latter detail gives something of a shock to the modern reader. But the respect for personal conviction, when it conflicted with orthodoxy, did not exist in Shakespeare's time. It was not very long since Jews had been forced to choose between kissing the crucifix and mounting the faggots; and in Strasburg, in 1349, nine hundred of them had in one day chosen the latter alternative. It is strange to reflect, too, that just at the time when, on the English stage, one Mediterranean Jew was poisoning his daughter, and another whetting his knife to cut his debtor's flesh, thousands of heroic and enthusiastic Hebrews in Spain and Portugal, who, after the expulsion of the 300,000 at the beginning of the century, had secretly remained faithful to Judaism, were suffering themselves to be tortured, flayed, and burnt alive by the Inquisition, rather than forswear the religion of their race.

It is the high-minded Antonio himself who proposes that Shylock shall be forced to become a Christian. This is done for his good; for baptism opens to him the possibility of salvation after death; and his Christian antagonists, who, by dint of the most childish sophisms, have despoiled him of his goods and forced him to forswear his God, can still pose as representing the Christian principle of mercy, in opposition to one who has taken his stand upon the Jewish basis of formal law.

That Shakespeare himself, however, in nowise shared the fanatical belief that a Jew was of necessity damned, or could be saved by compulsory conversion, is rendered clear enough for the modern reader in the scene between Launcelot and Jessica (iii. 5), where Launcelot jestingly avers that Jessica is damned. There is only one hope for her, and that is, that her father may not be her father:—