Early in 1596, William Shakespeare, in his father's name, applied to the College of Heralds for a coat of arms. Although positive proof is lacking, there is reason to believe that the Heralds granted this request, for in 1599 Shakespeare again made application for the right to quarter his coat of arms with that of his mother. Entitled to her father's coat of arms, Mary had lost this privilege when she married John Shakespeare before he held the official status of gentleman.
In May of 1597, Shakespeare purchased New Place, the outstanding residential property in Stratford at that time. Since John Shakespeare had suffered financial reverses prior to this date, William must have achieved success for himself.
Court records show that in 1601–1602, William Shakespeare began rooming in the household of Christopher Mountjoy in London. Subsequent disputes over the wedding settlement and agreement between Mountjoy and his son-in-law, Stephen Belott, led to a series of legal actions, and in 1612 the court scribe recorded Shakespeare's deposition of testimony relating to the case. In July, 1605, William Shakespeare paid four hundred and forty pounds for the lease of a large portion of the tithes on certain real estate in and near Stratford. This was an arrangement whereby Shakespeare purchased half the annual tithes, or taxes, on certain agricultural products from parcels of land in and near Stratford. In addition to receiving approximately 10 percent income on his investment, he almost doubled his capital. This was possibly the most important and successful investment of his lifetime, and it paid a steady income for many years.
