In Venice. Antonio is describing his mysterious state of melancholyto his companions Solanio and SaIerio when Bassanio approaches him for a loan. Bassanio is already in debt to the merchant, but he asks for an additional sum so that he can woo the wealthy and beautiful Portia in Belmont. Because most of his money is invested in three merchant vessels that have not returned from abroad, Antonio is unable to comply with his friend's request. Nevertheless, he authorizes Bassanio to borrow money using his name. Bassanio turns to Shylock, who hates Antonio because he is a Christian and because he lends money without interest. Shylock agrees to lend Antonio 3,000 ducats for three months: if the loan is not repaid in time, he will demand a pound of the merchant's flesh. Bassanio objects, but Antonio signs the bond, confident that his ships will return before the term...