The 1860s and 1870s are generally considered a hiatus in the history of Shakespearean production on the London stage. Accounts of the period usually move quickly from Charles Kean's retirement in 1859 (or the end of Samuel Phelps' management of suburban Sadler's Wells in 1862) to the beginning of Henry Irving's regime at the Lyceum in 1879—acknowledging the Phelps-Chatterton collaboration at Drury Lane as worthy, but hardly remarkable, and mentioning in passing such isolated events as Fechter's new Hamlet in 1861. Nevertheless, while no management comparable to Kean's or Phelps's, devoted principally to poetic drama, appeared during this time, there were occasional Shakespearean productions of exceptional interest. One such was the Bancrofts' version of The Merchant of Venice, which opened at the Prince of Wales's Theatre in out-of-the-way Tottenham-street on 17 April 1875. It ran for only thirty-six performances and lost the famous actormanager team £3,000. Despite its financial failure, however, the production attracted considerable critical attention at the time, much of it favorable, and it has since gained an honorable place in stage history. Beerbohm-Tree, for example, in an address to the Oxford Union Debating Society in 1900, called it “the first production in which the modern spirit of stage management asserted itself.”