Following his retirement from the diplomatic service in 1896, his final years were marred by personal tragedy and a misguided attempt to secure his family's financial position. His eldest son was killed in the Second Boer War and another son badly wounded. He was chairman of a mining firm that went bankrupt after swindling people, although he was ignorant of the matter. His biographer Davenport-Hines says he was "imaginative, sympathetic, warm-hearted, and gloriously versatile." He was an effective leader in Lebanon, Canada and India, averted war with Russia, and annexed Burma. He was careless with money but charming in high society on three continents.