Shakespeare's Income and Business Transactions.—Shakespeare was a shrewd and sensible man of business. He amassed during his career in London a property nearly, if not quite, as great as any made by his profession at the time. In addition to profits from the sale of his plays to managers (he probably derived no income from their publication), and his salary as an actor, Shakespeare enjoyed an ample income from his shares in the Blackfriars and Globe theaters, of which he became joint owner with the Burbage brothers and other fellow-actors in 1597 and 1599. Professor Wallace has discovered a document which helps, though very slightly, to enable us to judge what his income from these sources may have been.[[8]] In 1615-1616 the widow of one of the proprietors of the two theaters, whose share, like Shakespeare's, was one-seventh of the Blackfriars, one-fourteenth of the Globe, brought suit against her father. She asked for £600 damages for her father's wrongful detention of her year's income, amounting to £300 from each theater.
But damages asked in court are always high, and include fees of lawyers and other items. The probability is that Shakespeare's yearly income from these sources was never over £500. To this, though the figures cannot be ascertained with any degree of certainty, we might add £100 for salary and £25 for plays yearly. The total would amount to fully £600 a year from 1599 on till 1611, about which date Shakespeare probably retired to Stratford. If we reckon by what money will buy in our days, we may say that Shakespeare's yearly income at the height of success was $25,000, in round numbers. This is certainly a low estimate, and does not include extra court performances and the like, from which he must certainly have profited.
Shakespeare's Life in London.—What with the composition of two plays a year, continual rehearsals, and performances of his own and other plays, Shakespeare's life must have been a busy one. Tradition, however, accords him an easy enjoyment of the pleasures of the time; and his own sarcastic remarks against Puritans in his plays may indicate a hatred of puritanical restraint. He must have joined in many a merry feast with the other actors and writers of the day, and with court gallants. The inventory of property left by him at his death indicates that while he had accumulated a good estate, he had also lived generously.
Stratford Affairs and Shakespeare's Return.—While William Shakespeare was thus employed in London in building up name and fortune for himself, his father was in financial straits. As early as January, 1586, John Shakespeare had no property on which a creditor could place a lien. In September of the same year, he was deprived of his alderman's gown for lack of attention to town business. During the next year he was sued for debt, and had to produce a writ of habeas corpus to keep himself out of jail. In 1899 he tried to recover his wife's mortgaged property of Ashbies from the mortgagee's heir, John Lambert, but the suit was not tried till eight years later. Soon after this the son must have begun to send to Stratford substantial support. In 1592 John Shakespeare was made an appraiser of the property of Henry Field, a fellow-townsman. Henry Field's son Richard published Venus and Adonis for Shakespeare in 1593, from his shop in St. Paul's Churchyard. From this time John Shakespeare seems to have lived in comfort. His ambition to secure the grant of a coat of arms was almost successful at his first application for one in October, 1596; three years later the grant was made, and his son and he were now "Gentlemen."
In May, 1597, William Shakespeare bought New Place, a handsome house in the heart of Stratford, and at once became an influential citizen. From that time to his death he is continually mentioned in the town records. His purchases included 107 acres in Old Stratford (May 1, 1602), for £320; the right to farm the Stratford tithes (July 24, 1605), for £440; an estate of the Combe family (April 13, 1610), and minor properties. In all his dealings, so far as we can tell, he seems to have been shrewd and business-like.
Little is known of Shakespeare's children during these years. Hamnet, his only son, was buried August 11, 1596. Susanna, the eldest daughter, married a physician, Dr. John Hall, of Stratford, June 5, 1607; Judith married Thomas Quiney, son of an old Stratford friend of Shakespeare's, February 10, 1616, two months before her father's death. Shakespeare's father had died long before this, in September, 1601.
Shakespeare's retirement from London to his native town is thought to have taken place about 1611, though there is no real evidence for this belief, except that his play writing probably ceased about this date. In 1614 a Puritan preacher stopped at New Place and was entertained there by the poet's family. It is certain that Shakespeare visited London from time to time after 1611. One such visit is recorded in the diary of his lawyer, Thomas Greene, of Stratford. As late as March 24, 1613, there occurs an entry in the accounts of the Earl of Rutland of a payment to Shakespeare and Richard Burbage of 44 shillings each in gold for getting up a dramatic entertainment for the Earl of Rutland.
In 1616 Shakespeare's health failed. On January 25, a copy of his will was drawn, which was executed March 25. On April 23, 1616, he died, and two days later was buried in the chancel of Stratford church.
Shakespeare's Portraits, Tomb, and Descendants.—Two portraits, the "Ely Palace" and the "Flower" portraits, so called from former possessors, are thought to have better claims to authenticity than others. New discoveries are announced, periodically, of Shakespeare's portrait; but these turn out usually to be forgeries. The engraving by Martin Droeshout prefixed to the First and later Folios, though to us it seems unanimated and unnatural, is still the only likeness vouched for by contemporaries. It is thought by many to be a copy of the "Flower" portrait, which bears the date 1609, and which it certainly very closely resembles. If the Stratford bust which was placed in a niche above Shakespeare's tomb in Stratford church before 1623 was accurately reproduced in Dugdale's Warwickshire, then the present bust is a later substitution, since it shows differences in detail from that sketch. It is coming to be believed that the eighteenth-century restoration so altered the bust as to make it quite unlike its former appearance.