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SAGE, RUSSELL (1816-1906)

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Originally appearing in Volume V23, Page 1002 of the 1911 Encyclopedia Britannica.
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SAGE, See also:RUSSELL (1816-1906) , See also:American financier, was See also:born in See also:Verona township, See also:Oneida See also:county, New See also:York, on the 4th of See also:August 1816. He worked as a See also:farm-See also:hand until he was 15, when he became an errand boy in a grocery conducted by his See also:brother, See also:Henry R. Sage, in See also:Troy, New York. He had a See also:part See also:interest in 1837–1839 in a See also:retail grocery in Troy, and in a whole-See also:sale See also:store there in 1839-1857. He served as an See also:alderman of Troy in 1841–1848, and as treasurer of See also:Rensselaer county in 1845–1849. In 1853–1857 he was a Whig representative in See also:Congress. He became an See also:associate of See also:Jay See also:Gould in the development and sale of See also:railways; and in 1863 removed to New York See also:City, where, besides speculating in railway See also:stocks, he became a See also:money-lender and a dealer in " puts " and " calls" and " privileges," and in 1874 bought a seat in the New York Stock See also:Exchange. He gradually accumulated a See also:fortune, which at his See also:death was variously estimated as from $6o,000,000 to $8o,000,000. On the 4th of See also:December 1891 an See also:attempt was made to assassinate him in his See also:office by one Henry Norcross, who demanded a large sum of money, and upon being refused exploded a See also:dynamite See also:bomb, and was himself killed.' Sage died in New York on the 22nd of See also:July 1906. In 1869 he had married See also:Miss See also:Margaret Olivia See also:Slocum (b. 1828), a See also:graduate (1847) of the Troy See also:Female See also:Seminary (now the Emma See also:Willard School).

End of Article: SAGE, RUSSELL (1816-1906)

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