In 1886, Courtney was elected Chairman of Ways and Means (Deputy Speaker of the House of Commons) and was sworn of the Privy Council in 1889. His efficiency in this office seemed to mark him out for the speakership after the 1895 general election. A Liberal Unionist, however, could be elected only by Conservative votes, and he had made himself objectionable to a large section of the Conservative Party by his independent attitude on various questions, on which his liberalism outweighed his party loyalty. He, would in any case, have been incapacitated by an affection of the eyesight, which for a while threatened to withdraw him from public life altogether.