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William Ewart Gladstone

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The greatest Chancellor of all time.
--
Nigel Lawson, The View From No. 11: Memoirs of a Tory Radical (Bantam, 1992), p. 279.

 
William Ewart Gladstone

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Equity is a roguish thing. For Law we have a measure, know what to trust to; Equity is according to the conscience of him that is Chancellor, and as that is larger or narrower, so is Equity. 'T is all one as if they should make the standard for the measure we call a "foot" a Chancellor's foot; what an uncertain measure would this be! One Chancellor has a long foot, another a short foot, a third an indifferent foot. 'T is the same thing in the Chancellor's conscience.

 
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One of my duties, this week, is to open the new Ustinov college," he confesses, "and while I'm delighted that Durham should honour its former chancellor this way — and I sincerely hope it continues this tradition for me — I can't help feeling that an American university would only have done so had the chancellor also handed over a substantial amount of dosh.

 
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