very much handsomer building. As Howes, the continuer of
Stow's _Annals_, writes, "it was new builded in far fairer manner than
before"; or as John Taylor, the Water-Poet, puts it:

As gold is better that's in fire tried,
So is the Bankside _Globe_ that late was burn'd.[414]

[Footnote 413: Wallace, _Shakespeare and his London Associates_, p.
60.]

[Footnote 414: _Works_ (1630), p. 31; The Spenser Society reprint, p.
515.]

Naturally the cost of rebuilding exceeded the original estimate.
Heminges tells us that on one share, or one-fourteenth, he was
required to pay for "the re-edifying about the sum of L120."[415]
This would indicate a total cost of "about" L1680. Heminges should
know, for he was the business manager of the organization; and his
truthfulness cannot be questioned. Since, however, the adjective
"about," especially when multiplied by fourteen, leaves a generous
margin of uncertainty, it is gratifying to have a specific statement
from one of the sharers in 1635 that the owners had "been at the
charge of L1400 in building of the said house upon the burning down of
the former."[416] Heminges tells us that "he found that the
re-edifying of the said playhouse would be a very great charge," and
that he so "doubted what benefit would arise thereby" that he actually
gave away half of one share "to Henry Condell, _gratis_."[417] But his
fears were unfounded. We learn from Witter that after the rebuilding
of the Globe the "yearly value" of a share was greater "by much" than
it had been before.[418]

[Footnote 415: Wallace, _Shakespeare and his London Associates_, p.
61.]

[Footnote 416: Halliwell-Phillipps, _Outlines_, I, 316. This evidence
seems to me unimpeachable. I should add, however, that Mr. Wallace
considers the estimate "excessive," and says that he has "other
contemporary documents showing the cost was far less than L1400." (The
London _Times_, October 2, 1909.)]

[Footnote 417: Wallace, _Shakespeare and his London Associates_, p.
61. There is, I think, no truth in the statement made by the
inaccurate annotator of the Phillipps copy of Stow's _Annals_, that
the Globe was built "at the great charge of King James and many
noblemen and others." (See _The Academy_, October 28, 1882, p. 314.)
The Witter-Heminges documents sufficiently disprove that. We may well
believe, however, that the King and his noblemen were interested in
the new building, and encouraged the actors in many ways.]

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