England affords those glorious vagabonds,
That carried erst their fardles on their backs,
Coursers to ride on through the gazing streets,
Sweeping it in their glaring satin suits,
And pages to attend their masterships;
With mouthing words that better wits had framed,
They purchase lands and now esquires are made. [199a]
The travelling actors, from whom the highwayman Gamaliel Ratsey extorted a free performance in 1604, were represented as men with the certainty of a rich competency in prospect. [199b] An efficient actor received in 1635 as large a regular salary as £180. The lowest known valuation set an actor’s wages at 3s. a day, or about £45 a year. Shakespeare’s emoluments as an actor before 1599 are not likely to have fallen below £100; while the remuneration due to performances at Court or in noblemen’s houses, if the accounts of 1594 be accepted as the basis of reckoning, added some £15.
Thus over £130 (equal to £1,040 of to-day) would be Shakespeare’s average annual revenue before 1599. Such a sum would be regarded as a very large income in a country town. According to the author of ‘Ratseis Ghost,’ the actor, who may well have been meant for Shakespeare, practised in London a strict frugality, and there seems no reason why Shakespeare should not have been able in 1597 to draw from his
savings £60 wherewith to buy New Place. His resources might well justify his fellow-townsmen’s opinion of his wealth in 1598, and suffice between 1597 and 1599 to meet his expenses, in rebuilding the house, stocking the barns with grain, and conducting various legal proceedings. But, according to tradition, he had in the Earl of Southampton a wealthy and generous friend who on one occasion gave him a large gift of money to enable ‘him to go through with’ a purchase to which he had a mind. A munificent gift, added to professional gains, leaves nothing unaccounted for in Shakespeare’s financial position before 1599.
Financial position after 1599.
After 1599 his sources of income from the theatre greatly increased. In 1635 the heirs of the actor Richard Burbage were engaged in litigation respecting their proprietary rights in the two playhouses, the Globe and the Blackfriars theatres. The documents relating to this litigation supply authentic, although not very detailed, information of Shakespeare’s interest in theatrical property. [200] Richard Burbage, with his brother Cuthbert, erected at their sole cost the Globe Theatre in the winter of 1598-9, and the Blackfriars Theatre, which their father was building at the time of his death in 1597, was also their property. After completing the Globe they leased out, for twenty-one years, shares in the receipts of the theatre to ‘those deserving men Shakespeare,
Hemings, Condell, Philips, and others.’ All the shareholders named were, like Burbage, active members of Shakespeare’s company of players. The shares, which numbered sixteen in all, carried with them the obligation of providing for the expenses of the playhouse, and were doubtless in the first instance freely bestowed. Hamlet claims, in the play scene (III. ii. 293), that the success of his improvised tragedy deserved to get him ‘a fellowship in a cry of players’—a proof that a successful dramatist might reasonably expect such a reward for a conspicuous effort. In ‘Hamlet,’ moreover, both a share and a half-share of ‘a fellowship in a cry of players’ are described as assets of enviable value (III. ii. 294-6). How many shares originally fell to Shakespeare there is no means of determining. Records of later subdivisions suggest that they did not exceed two. The Globe was an exceptionally large and popular playhouse. It would accommodate some two thousand spectators, whose places cost them sums varying between twopence and half a crown. The receipts were therefore considerable, hardly less than £25 daily, or some £8,000 a year. According to the documents of 1635, an actor-sharer at the Globe received above £200 a year on each share, besides his actor’s salary of £180. Thus Shakespeare drew from the Globe Theatre, at the lowest estimate, more than £500 a year in all.
His interest in the Blackfriars Theatre was comparatively unimportant, and is less easy to estimate. The often quoted documents on which Collier depended to prove him a substantial shareholder in that
playhouse have long been proved to be forgeries. The pleas in the lawsuit of 1635 show that the Burbages, the owners, leased the Blackfriars Theatre after its establishment in 1597 for a long term of years to the master of the Children of the Chapel, but bought out the lessee at the end of 1609, and then ‘placed’ in it ‘men-players which were Hemings, Condell, Shakespeare, etc.’ To these and other actors they allotted shares in the receipts, the shares numbering eight in all. The profits were far smaller than at the Globe, and if Shakespeare held one share (certainty on the point is impossible), it added not more than £100 a year to his income, and that not until 1610.