Dramatic Feuilleton O'Brien discusses a recent production of <cite>The Merchant of Venice</cite> at Wallack's that marked the return of John Lester Wallack to the New York stage after an absence of two years.  O'Brien's initial discussion of Shakespeare and the role of Shylock leads O'Brien into a discussion of some stereotypical characterizations of Jewish people.  After this introduction, O'Brien gives Wallack and the play a generally good review.