Robert Lowe, 1st Viscount Sherbrooke, GCB, PC (4 December 1811 – 27 July 1892), British statesman, was a pivotal conservative spokesman who helped shape British politics in the latter half of the 19th century. He held office under William Ewart Gladstone as Chancellor of the Exchequer between 1868 and 1873 and as Home Secretary between 1873 and 1874. Lowe is remembered for his work in education policy, his opposition to electoral reform and his contribution to modern UK company law. Gladstone appointed Lowe as Chancellor expecting him to hold down public spending. Public spending rose, and Gladstone pronounced Lowe "wretchedly deficient"; most historians agree. Lowe repeatedly underestimated the revenue, enabling him to resist demands for tax cuts and to reduce the national debt instead. He insisted that the tax system be fair to all classes. By his own main criterion of fairness — that the balance between direct and indirect taxation remain unchanged — he succeeded. Even in his time, however, this concept of fiscal incidence was obsolescent. Early life Lowe was born in Bingham, Nottinghamshire, England, the second son of the Reverend Robert Lowe (rector of St Mary and All Saints, Bingham). His mother was Ellen, the daughter of the Rev. Reginald Pyndar. Lowe had albinism, and his sight was so weak that initially it was thought he was unfit to be sent to school. In 1822, he went to a school at Southwell, then to one at Risley, and in 1825 to Winchester as a commoner. In Lowe's fragment of autobiography he shows an unpleasing picture of the under-feeding and other conditions of the school life of the time. The languages of Latin and Greek were the main subjects of study and Lowe records that both were easy for him. Lowe then attended University College, Oxford, and enjoyed the change; there as a pupil of Benjamin Jowett he gained a first class degree in Literae Humaniores and a second class in mathematics, besides taking a leading part in the Union debates. In 1835, he won a fellowship at Magdalen, but vacated it on marrying, on 26 March 1836, Georgiana Orred (d. 1884). Lowe was for a few years a successful tutor at Oxford, but in 1838 was disappointed at not being elected to the professorship of Greek at the University of Glasgow. Australia In 1841 Lowe moved to London to read for the Bar, but his eyesight showed