New-York tribune., 1874-12-04
RUSSELL SAGE,s EXPLANATIONS.

4 TRIBUNE reporter called upon Russell Sage
his residence No. 5Oj FftA-Aye. last cv un, to
inquire about the Of his resignation from hia
position President and Director OF the Pacific Vi II.
Company and In regard 10 the incidents minE the
Board Of Directors which preceded tnat event Mr.
Sage very prompt IN conversation concerning the
history, present condition and future prospects Of
Pacnc Mall and overhowed with kindly Information on
those points. In regard causes which lly behind
hiss res esgnaton he was not so communicative, aai
was anzOusly inclined 10 cOndae himself to cen-
erllities and not TO lose sight OF the reason
assigned In his letter OF resignation. BE sad that he
had the time 70 attend to his duties President
and Director Of Pacific Mail. Milwaukee and s. Paul
claimed his attention first, and this VITA his private
affairs kept him 100 busy to devote sufl; to
Pacific Mail without pairing his health. IT, h10 been
determined time 10 resign. and on no consideration
uext. IL almost felt SHOULD never have assumed
tAe duties connected Win his pO'i!Ins I'D the ST. A2
aud managing railroads Bat Ms interest In tae a''
great American steamship company, and ais desire or
be pg6 5e.d IN Pici Pa, Nil --'-
The asked ii cissensious among the directors
questions connected Win selling soca had au7t us
20 a." ", IN ~ go iirer"n NJ S,, cantioIsv d,aifto
tnat there had trouble rhe directors apout
OF STOCK. bat he declared tldt he t'- no
that me mad auy personal issue with o them ana
had the WaruIest wishes Tor the prosperity OF P1cn'
Mai! He was induced o. say tnat meeting % tIe
Board not long ago-he dlC % enter INTO details
or IN dwell Ola cate~-ne mad spoken severely Ol the
practice OF directors OF companies selling short" Ihc
stock Of their companies. He not name any one, Ne
- id ana al the meeting lie d!sc1imei any Itsh-
tirn of srgmatizing or two m"DDer5
Of the Board VINO Thought that he had At
tlc,ed them. II. admitted mat CAallcs =. y DOIl
w. e man most aggrleved 10y NJ. Stgs rem ras dud
tDnt at meeting after ~ read letter written 10
llru 9r some outside. which rcttrfcd 10 Mt Si-
nv, so,d calls Pacific Mall STOCK. IAt>r sales OK
"cas" Mr.. sage Thought "cr- Frii' ot Fo. H't,, .,
rD,r and aI- ago. He sad ne had never been short
OF p cihc Mail stock; nat on the contrary h' hid
noon hpavI.v .0ug,' carving from OsJJ 10
n"o baros 10 ''cals' tadt was another matter,
, 6e defended his right sell calls" He declared
rh.t he mad awavs worked % advance ihe Atries.n u
NV tnr ms services. H~ had dlIcreu; times made
iorce advances the Company, esptcaIy curing me
name when other Director mai NOT Tie VIII or csc
rc means 10 do: but this hc Q1 not boast aCodt -Ad
was NOT anxious TO have mentioned
Relug asked If the reading ot Nj O,borns lrt"r hal
ortn1 t0 do win LIS resignation, Ar. Stce dc'e0pcd
nr,nnTureI aversion To me theme, AMI sad De Wal
s.fg " that E0Ft management III " t.ic the
Compauy over s present difficulties aud max a. great
In. rlfh a fiuc fleet vrr-us. Bat It cannot Dee hcpO
h,.t iy and dJIi " mt 10 nave any
tbnc 90 out about differences among the directors IL
IN lse the loss Or t1c subsidy WlIch "Oul De
~ tbe line II Is aot certain tina. viii g:t the suD
siav M best II IT does ct II, II viii be WlihOdt
ndluc auy money FOR lobbying. We dld not rp nj
~ r,oury 10 Influence Congress last Winter ahd lIs
~ ,y NJ should ue Tue otOcKWcll auu-nSlfauJn says
ma in spput nal what il got IN or.cr 10 get u dhd
no sforkwe administration sad that don't say IT,
Mr. sage aferwaTd referred 10 Efforts "ilIth A-t oen
made To- discover who had been giving out Information
N way that was unfair u the Company, dnd sail that
a uI statement of TIE Company GIdIf5 "Oud DC puO-
lahpl in "A DAYS.