After the last, rather serious scene in Belmont, we return to Venice, and the initial emphasis here is on Launcelot Gobbo, Shylock's servant, an "unthrifty knight." Launcelot is debating with himself as to whether or not he should remain in Shylock's service; he is tempted to leave and find employment elsewhere, but he is unable to make up his mind. The decision is difficult, he says, for he feels the weight of his "conscience hanging about the neck of his heart."
The comedy builds when Launcelot's father, Old Gobbo, comes onstage. Old Gobbo is "more than sandblind" and does not recognize his son. He sees before him only the dim image of a man who he hopes can direct him to Shylock's house. Launcelot is delighted to encounter his father, whom he has not seen for a long time, and so he conceals his true identity and playfully confuses the old man with much clowning and double-talk, before revealing who he really is and kneeling to receive his father's blessing.
Bassanio now enters, along with Leonardo and other followers, and he is enthusiastically talking of preparations for a dinner tonight, complete with a masque, to which he has invited his friends to celebrate his departure for Belmont, where he will begin his courtship of Portia. Launcelot is quick to note Bassanio's good mood, and he immediately speaks to him about Bassanio's hiring him as a servant. Bassanio agrees and orders a new set of livery for his new servant.
Gratiano enters, looking for Bassanio, and tells him, "I must go with you to Belmont." Bassanio is hesitant, but he finally consents, urging Gratiano to modify his "wild behaviour," which Gratiano agrees to do. But he will do that tomorrow. Tonight, he says, shall be a night of merriment, a gala inaugurating his setting out for Belmont.
