He was also the editor of The Times from 1873 to 1904. He was also the compiler of the Sauerbeck Index, a measure of the exchange rate of the British pound sterling against a basket of other major currencies.
His published works include "British Trade and Navigation from 1814 to 1890", which was published in 1890, and "Prices of Commodities and Rates of Discount from 1846 to 1896", which was published in 1896.