This organization, it should be understood, merely concerned the ownership of the building. Its members stood in the relation of landlords to the players, and were known by the technical name of "housekeepers." Wholly distinct was the organization of the players, known as the "company." The company, too, was divided into shares for the purpose of distributing its profits. The "housekeepers," in return for providing the building, received one-half of the income from the galleries; the company, for entertaining the public, received the other half of the income from the galleries, plus the takings at the doors. Those actors who were also "housekeepers" shared twice in the profits of the playhouse; and it was a part of the plan of the "housekeepers" to admit actors to be sharers in the building as soon as they attained eminence, or otherwise made their permanent connection with the playhouse desirable. Thus the two organizations, though entirely distinct, were interlocking.

Such a scheme had many advantages. In the first place, it prevented the company from shifting from one playhouse to another, as was frequently the case with other troupes. In the second place, it guaranteed both the excellence and the permanency of the company. Too often good companies were dissolved by the desertion of a few important members; as every student of the drama knows, the constant reorganization of troupes is one of the most exasperating features of Elizabethan theatrical history. In the third place, the plan, like all profit-sharing schemes, tended to elicit from each member of the organization his best powers. The opportunity offered to a young actor ultimately to be admitted as a sharer in the ownership of the building was a constant source of inspiration,[382] and the power to admit at any time a new sharer enabled the company to recruit from other troupes brilliant actors when such appeared; as, for example, William Osteler and Nathaniel Field, who had attained fame with the Children at Blackfriars and elsewhere. Finally, the plan brought the actors together in a close bond of friendship that lasted for life. Heminges was loved and trusted by them all. Shakespeare was admired and revered; three members of the troupe seem to have named their sons for him. Indeed, there is nothing more inspiring in a close study of all the documents relating to the Globe than the mutual loyalty and devotion of the original sharers. The publication of Shakespeare's plays by Heminges and Condell is merely one out of many expressions of this splendid comradeship.

The plan of organization having been evolved, and the original members having been selected, the first question presenting itself was, Where should the new playhouse be erected? Burbage, Heminges, and the rest—including Shakespeare—probably gave the question much thought. Their experience in Holywell had not been pleasant; the precinct of Blackfriars, they now well realized, was out of the question; so they turned their eyes to the Bankside. That section had recently become the theatrical centre of London. There were situated the Rose, the Swan, and the Bear Garden, and thither each day thousands of persons flocked in search of entertainment. Clearly the Bankside was best suited to their purpose. Near the fine old church of St. Mary Overies, and not far from the Rose and the Bear Garden, they found a plot of land that met their approval. Its owner, Sir Nicholas Brend, was willing to lease it for a long term of years, and at a very reasonable rate. They made a verbal contract with Brend, according to which the lease was to begin on December 25, 1598.

WILLIAM SHAKESPEARE

Shakespeare seems to have been equally with Burbage a leader in erecting the Globe. In 1599 the building is officially described as "vna domo de novo edificata ... in occupacione Willielmi Shakespeare et aliorum."

Three days later, on December 28, Richard and Cuthbert Burbage, having secured the services of the carpenter, Peter Street, and his workmen, tore down the old Theatre and transported the timber and other materials to this new site across the river; and shortly after the Globe began to lift itself above the houses of the Bankside—a handsome theatre surpassing anything then known to London playgoers.

In the meantime the lawyers had drawn up the lease, and this was formally signed on February 21, 1599. The company had arranged a "tripartite lease," the three parties being Sir Nicholas Brend, the Burbage brothers, and the five actors.[383] To the Burbages Sir Nicholas leased one-half of the property at a yearly rental of £7 5s.; and to the five actors, he leased the other half, at the same rate. Thus the total rent paid for the land was £14 10s. The lease was to run for a period of thirty-one years.

The five actors, not satisfied with tying up the property in the "tripartite lease," proceeded at once to arrange their holdings in the form of a "joint tenancy." This they accomplished by the following device: