In 1874, Disraeli's ambitious foreign policy, aimed at creating a British empire, is voted down by the House of Commons after a speech by his great rival, William Gladstone. Later, Disraeli receives the welcome news that the spendthrift Khedive of Egypt is in dire need of money and is willing to sell the controlling shares in the Suez Canal. The purchase of the canal would secure control of India, but Michael Probert, head of the Bank of England, makes it clear to Disraeli that he is vehemently opposed to any such plan. Disraeli then summons Hugh Myers, a leading Jewish banker.