One reason why the American theater seems to many to be unduly commercialized is that it has been at times amazingly profitable. Until toward the end of the nineteenth century the theatrical was the most precarious of businesses, extra-hazardous for the managers, the actors and the authors. When they died Shakspere and Molière were able to leave to their families only a modest competence. David Garrick is almost the only manager in all the long history of the theater in Great Britain and the United States who was able to retire with a fortune. Benefits had to be arranged for Lester Wallack and for A. M. Palmer. The playwrights were in no better case than the players or the managers; and in the nineteenth century more than one potential dramatist turned novelist simply because novel-writing was easier and more profitable than playwriting. But in the final third of the last century the right of a foreign author to control his own work was internationally recognized, thus relieving the playwrights of our language from competition with pieces purloined from alien authors. The right of a British author to control his work in the United States was also established, relieving the American playwright from competition with pieces imported from England without payment. The far-flung British Commonwealth continued to expand; and the remoter regions of the United States became more densely populated. And the most successful pieces of British and American authorship were discovered to be exportable to France and Germany and Italy. V In consequence of all these causes the possible profits of a lucky playwright are now as abundant as those of the lucky novelist, and on occasion even more so. One play in every score draws a prize; and one in every hundred draws a grand prize of several hundred thousand dollars. In addition to the ordinary business profit there is now the possibility of holding one of these superlatively lucky numbers in the lottery; and two or three of these may come out of the wheel of fortune in the same season. This possibility is encouraging to those possessed by the spirit of speculation and rather discouraging to those who are more inclined to honor the drama as an art. At best the presentation of a play is a gamble, since no one, not even the most expert, can do more than guess at the impression it will make on the public. What every one can see is that the broader and bolder its topic and its treatment the more likely is a drama to prove attractive to the largest body of playgoers, while the comedy of lighter fabric and of more delicate texture will probably please only a smaller group of the more refined and the more intelligent.