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HESE portraits represent Mr. Gladstone at three important epochs in his career. At twenty-eight he was the henchman of Sir Robert Peel, and it was at this time that Macaulay described him as "the rising hope of the stern, unbending Tories." He had just produced his work on "Church and State," which attracted a great deal of attention. Our second portrait shows what he was like at the time when, as Chancellor of the Exchequer, he put forth the first of the long series of his famous Budgets. The third picture is the one which is now so familiar, representing the illustrious statesman as he is at the present time. It will be observed that the high collars which are inseparable from every picture of Mr. Gladstone, whether serious or comic, have been favourites with him all his life. Like Peel, Palmerston, and Beaconsfield, he is a striking instance of the fact that the toils and cares of responsible statesmanship seem with some constitutions to tend to vigorous old age.