Willie Hammerstein big draw. Oscar Hammerstein went bankrupt in 1898. The Olympia theater was sold in an auction. Hammerstein managed to raise enough money to build the Victoria Theatre, which opened as a legitimate theater on 3 March 1899. On 26 June 1899 he opened a partially enclosed roof garden theater, the Venetian Terrace Garden, with an outdoor promenade that was attached to the roof garden of Hammerstein's Theatre Republic in 1900. Hammerstein enlarged the roof garden theater and reopened it in May 1901 as the Paradise Roof Garden. In February 1904 Willie Hammerstein took over management of his father's Victoria Theatre.
Oscar Hammerstein II Kern, with whom Hammerstein enjoyed a highly successful collaboration. In 1927, Kern and Hammerstein had their biggest hit, "Show Boat", which is often revived and is still considered one of the masterpieces of the American musical theatre. "Here we come to a completely new genre — the musical play as distinguished from musical comedy. Now ... the play was the thing, and everything else was subservient to that play. Now ... came complete integration of song, humor and production numbers into a single and inextricable artistic entity." Many years later, Hammerstein's wife Dorothy bristled when she heard a remark that