His remuneration as dramatist between 1599 and 1611 was also by no means contemptible. Prices paid to dramatists for plays rose rapidly in the early years of the seventeenth century, [202] while the value of the author’s ‘benefits’ grew with the growing vogue of the theatre. The exceptional popularity of Shakespeare’s plays after 1599 gave him the full advantage of higher rates of pecuniary reward in all directions, and the seventeen plays which were produced by him between that year and the close of his professional career in 1611 probably brought him an average return of £20 each or £340 in all—nearly £30 a year. At the same time the increase in the number of Court performances under James I, and the additional favour bestowed on Shakespeare’s
company, may well have given that source of income the enhanced value of £20 a year. [203]
Thus Shakespeare in the later period of his life was earning above £600 a year in money of the period. With so large a professional income he could easily, with good management, have completed those purchases of houses and land at Stratford on which he laid out, between 1599 and 1613, a total sum of £970, or an annual average of £70. These properties, it must be remembered, represented investments, and he drew rent from most of them. He traded, too, in agricultural produce. There is nothing inherently improbable in the statement of John Ward, the seventeenth-century vicar of Stratford, that in his last years ‘he spent at the rate of a thousand a year, as I have heard,’ although we may reasonably make allowance for exaggeration in the round figures.
Incomes of fellow-actors.
Shakespeare realised his theatrical shares several years before his death in 1616, when he left, according to his will, £350 in money in addition to an extensive real estate and numerous personal belongings. There was nothing exceptional in this comparative affluence. His friends and fellow-actors, Heming and Condell, amassed equally large, if not larger, fortunes. Burbage died in 1619 worth £300 in land, besides personal property; while a contemporary actor and theatrical proprietor, Edward
Alleyn, purchased the manor of Dulwich for £10,000 (in money of his own day), and devoted it, with much other property, to public uses, at the same time as he made ample provision for his family out of the residue of his estate. Gifts from patrons may have continued occasionally to augment Shakespeare’s resources, but his wealth can be satisfactorily assigned to better attested agencies. There is no ground for treating it as of mysterious origin. [204a]
Formation of the estate at Stratford 1601-10.
Between 1599 and 1611, while London remained Shakespeare’s chief home, he built up at Stratford a large landed estate which his purchase of New Place had inaugurated. In 1601 his father died, being buried on September 8. He apparently left no will, and the poet, as the eldest son, inherited the houses in Henley Street, the only portion of the property of the elder Shakespeare or of his wife which had not been alienated to creditors. Shakespeare permitted his mother to reside in one of the Henley Street houses till her death (she was buried September 9, 1608), and he derived a modest rent from the other. On May 1, 1602, he purchased for £320 of the rich landowners William and John Combe of Stratford 107 acres of arable land near the town. The conveyance was delivered, in the poet’s absence, to his brother Gilbert, ‘to the use of the within named William Shakespere.’ [204b] A third purchase quickly followed. On September 28, 1602, at a court baron of the manor of Rowington, one
Walter Getley transferred to the poet a cottage and garden which were situated at Chapel Lane, opposite the lower grounds of New Place. They were held practically in fee-simple at the annual rental of 2s. 6d. It appears from the roll that Shakespeare did not attend the manorial court held on the day fixed for the transfer of the property at Rowington, and it was consequently stipulated then that the estate should remain in the hands of the lady of the manor until he completed the purchase in person. At a later period he was admitted to the copyhold, and he settled the remainder on his two daughters in fee. In April 1610 he purchased from the Combes 20 acres of pasture land, to add to the 107 of arable land that he had acquired of the same owners in 1602.