3731 x 4782 px | 31,6 x 40,5 cm | 12,4 x 15,9 inches | 300dpi
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Stafford Henry Northcote, 1st Earl of Iddesleigh GCB PC (27 October 1818 – 12 January 1887), known as Sir Stafford Northcote, Bt, from 1851 to 1885, was a British Conservative politician. He notably served as Chancellor of the Exchequer between 1874 and 1880 and as Foreign Secretary between 1885 and 1886. In 1843 Northcote became private secretary to William Gladstone at the board of trade. He was afterwards legal secretary to the board; and after acting as one of the secretaries to the Great Exhibition of 1851, co-operated with Sir Charles Trevelyan in framing the report which revolutionized the conditions of appointment to the Civil Service. He succeeded his grandfather, Sir Stafford Henry Northcote, as 8th baronet in 1851. He entered Parliament in 1855 as Conservative Member of Parliament for Dudley, and was elected for Stamford in 1858, a seat which he exchanged in 1866 for North Devon. He was briefly Financial Secretary to the Treasury under the Earl of Derby from January to July 1859. Steadily supporting his party, he became President of the Board of Trade in 1866, Secretary of State for India in 1867, and Chancellor of the Exchequer in 1874. In the interval between these last two appointments he was the president of the Hudson's Bay Company in 1870, when they gave the Northwest Territories to Canada, and one of the commissioners for the settlement of the Alabama difficulty at the Treaty of Washington with the United States in 1871. On Disraeli's elevation to the House of Lords as Earl of Beaconsfield in 1876 he became leader of the Conservative party in the Commons. As a finance minister he was largely dominated by the lines of policy laid down by Gladstone; but he distinguished himself by his dealings with the Debt, especially his introduction of the New Sinking fund in 1876, by which he fixed the annual charge for the Debt in such a way as to provide for a regular series of payments off the capital. His temper as leader was, however, too gentle to satisf
