Here under leave of Churchill and the rest

(For Churchill is an honourable man;

So are they all, all honourable men),

Come I to speak of Gladstone my free mind.

He is my friend, faithful and just to me:

But Churchill says he is disloyal;

And Churchill is an honourable man.

He hath in many a Budget swept away

The taxes that oppressed your daily wants.

Did this in Gladstone seem disloyal?