SAGE,
Russell, financier, b. in Oneida county, N.Y., 4 Aug.,
1816. He received a public-school education, and then engaged in mercantile
pursuits in Troy. In 1841 he was elected an alderman, and he was re-elected to
this office until 1848, also serving for seven years as treasurer of Rensselaer
County. He was then elected to congress as a Whig, and served, with re-election,
from 5 Dec., 1853, till 3 March, 1857.
Mr. Sage
was the first person to advocate, on the floor of congress, the purchase of
Mount Vernon by the government. Subsequently he settled in New York City and
engaged in the business of selling "privileges " in Wall Street.
At the same time he became interested in railroads, and secured stocks in
western roads, notably the Milwaukee and St. Paul, of which he was president and
vice-president for twelve years. By disposing of these investments, as the
smaller roads were absorbed by trunk-lines, he became wealthy.
SAGE, Russell, a
Representative from New York; born in Shenandoah, Oneida County, N.Y., August 4,
1816; moved with his parents to Durhamville in 1818; attended the public
schools; engaged in mercantile pursuits in Troy, N.Y.; treasurer of Rensselaer
County 1844-1851; alderman of Troy 1845-1848; delegate to the Whig National
Convention in 1848; elected as a Whig to the Thirty-third and Thirty-fourth
Congresses (March 4, 1853-March 3, 1857); was not a candidate for renomination
in 1856; moved to New York City in 1863; became president and director of
several railroad companies and financial institutions; died in Lawrence, Long
Island, N.Y., July 22, 1906; interment in Oakwood Cemetery, Troy, N.Y. - -Biographical
Data courtesy of the Biographical Directory of the United States Congress.
Bibliography
DAB; Sarnoff, Paul. Russell Sage: The Money King. New York:
Ivan Obolensky, Inc., 1965.
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SAGE,
Russell
... SAGE, Russell (1816-1906), American financier, born in Oneida Co., NY After
working
as a clerk in a grocery store, he conducted a wholesale grocery business in ...
[PDF]wizard.ucr.edu/~bkaplan/images/s149lex3.pdf
... Jay Gould (1836-1892) Con man-took advantage of positions of trust Russell
Sage
(1816-1906) Railroad land grants, bribes and stock swindles; usury 48 1 The ...
Business
... 15. Richard B. Mellon, 1858-1933 17. William Weightman, 1813-1904 19.
Russell Sage,
1816-1906 21. Cyrus Curtis, 1850-1933 22. Paul G. Allen, 1953- 23. John ...
40 Richest
Americans of All Time
... 18. Moses Taylor, 1806 1882, banking, $40 million, $29.2 billion.
19. Russell Sage, 1816 1906, finance, $100 million, $29.1 billion. ...ages
cphSubjects439
... 1940-1950. Sagamore Hill National Historic Site (Oyster Bay, NY)--1910.
Sage, Russell,--1816-1906.
Sage, Russell,--Mrs. Sa'id ibn Taimur,--Sultan of Muscat and ...s
New
York Central Railroad
... step in the consolidation of the New York Central system was Russell Sage
(1816-1906),
that parsimonious bachelor associate of Jay Gould who accumulated a huge ...
Russell Sage Foundation
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The Sage Colleges Homepage
... Together, The Sage Colleges form a unique federation of four distinct
Colleges: Russell
Sage College for Women, in Historic Troy; Junior College at Albany, on ...
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