This period of glory, which was enhanced by the fall of Lord Russell and Mr. Gladstone from power in June 1866--the defeat came on a minor point, but was largely due to Lowe's speeches--lasted till Lowe, who had now become a force to be counted with, obtained office as Chancellor of the Exchequer in the Liberal Ministry which Mr. Gladstone formed in the end of 1868. From that moment his position declined. He lost popularity and influence both with the country and in the House of Commons. His speeches were always able, but they did not seem to tell when delivered from the ministerial bench. His financial proposals, though ingenious, were thought too ingenious, and showed a deficient perception of the tendencies of the English mind. No section likes being taxed, but Lowe's budgets met with a more than usually angry opposition. His economies and retrenchments, so far from bringing him the credit he deserved, exposed him to the charge of cheese-paring parsimony, and did much to render the Ministry unpopular. Before that ministry fell in 1874, Lowe, who had in 1873 exchanged the Exchequer for the Home Office, had almost ceased to be a personage in politics. He did nothing to retrieve his fame during the six years of Opposition that followed, seldom spoke, took little part in the denunciation of Lord Beaconsfield's Eastern and Afghan policy, which went on from 1876 till 1880, and once at least gave slight signs of declining mental power. So in 1880 he was relegated to the House of Lords, because the new Liberal Government of that year could not make room for him. Very soon thereafter his memory began to fail, and for the last ten years of his life he had been practically forgotten, though sometimes seen, a pathetic figure, at evening parties. There is hardly a parallel in our parliamentary annals to so complete an eclipse of so brilliant a luminary.