Jabez Balfour as Liberal candidate in Croydon at the general election but lost to the Conservatives. He also stood unsuccessfully for the Liberals at Walworth in 1886. In 1880 he was appointed chairman of the Northampton Street Tramways. Together with City financiers Leopold Salomons and Sir John Pender, Balfour founded the investment underwriting firm the "Trustees, Executors and Securities Insurance Corporation, Limited" in December 1887. In 1892, he was at the centre of a scandal over the failure of a series of companies which he set up and controlled, starting with the London and General Bank and culminating in the Liberator Building
Liberal Party of Canada Opposition after Confederation and finally agreed to become the first official leader of the Liberal Party in 1873. He was able to lead the party to power for the first time in 1873, after the MacDonald government lost a vote of no confidence in the House of Commons due to the Pacific Scandal. Mackenzie subsequently won the 1874 election, and served as Prime Minister for an additional four years. During the five years the Liberal government brought in many reforms, which include the replacement of open voting by secret ballot, confining elections to one day and the creation of the