The Seattle post-intelligencer. [volume] (Seattle, Wash. Terr. [Wash.]) 1888-1914, 1897-01-29
GAGE THE SECOND MEMBER.
Named by Mckinley as Secretary of
the TreasurS-toted for CIeve-
land in IsSs.

CANTON. O, Jan. S.-At 40 o'clock
this evening Lyman j. Gage, president OF
the First National bank. Of Chicago.
emerged from the dining room % the Nc
hinley home to MI an appointment with
the Associated Press and special CORE
sFondenfs 10 tell them the result CT his
conference with Mckinley.
Mr. Mckinley offered me the treasury
portfolio, and / told him ! would accept
the hish honor and fiji the position 10 the
hest Of nay ability" he said. Beyond this
ne had little 10 say. He declined 10 dis
cuss any feature OF the policy Of The IN
coming administration Mr.. Gage said
there was no ground for the publication
that he was gold Democrat during the
campaign and that his only utilization with
the Democratic party was in lsSS. when he
voted for Cleveland. He also said that ae
and Mai. Mckinley substantially agree on
the tariff question.
Lyman j. Gage was born at De Ruyter.
Madison county, y. Y. June Is, 1885. His
parents were both born in the state of
New York. and were of English stock.
When Lyman Gage was 10 years OF age
his parents moved 10 Rome, where he en-
tered the Rome academy, the term of four
years which he spent in that school prac-
tically constituting his school education.
His first position in business life was as
clerk in the Rome postoffice and. after
on the Rome * WATERFOWL railroad. In
1854 he secured a position in the Oneida
Central bank. of Rome. at salary Of 500
per month. and remained with the bank
eighteen months. He came to Chicago in
the fall Of 1876 and was engaged a book
keeper by a lumber firm. His duties as
bookkeeper comprised the driving OF one
OF the teams belonging TO the firm and
loading and unloading lumber. He also
Oh night
While he was thus engaged he was Of
fered the position OF bookkeeper for the
Merchants Savings. Loan and Trust Com
pany. and this was the actual beginning
OF his career as A banker.
In the spring of 1850 he had worked his
way UP to the position o. assistant cashier
and later 70 that of cashier. which ne held
until 1865. when he left the Merchants Saw
ings Loan and Trust Company 10 accept
a similar position with the First National
with which institution he has been idenEi-
fed to the present time. The old charter
OF the bank expired in iSS2, and upon its
reorganization he was chosen vice presi-
dent and general manager. About this
time his financial ability was paid a high
compliment by his election 10 the presi-
dency Of the American Bankers Associa-
ton June "a. 1881 he was elected president
OF the First National bank and still holds
that position.
FL was prominent in al OF the work that
made the Worlds fair a great success, and
was one OF the four men. J. J. r. o'Deu.
Writ Dexter and J. w. Doane being the
Others. who practically guaranteed that
Chicago would carry out its pledge OF rails
ing SO 90. e00 for the building 81 the fair
He was for a time president OF the local
directors, but upon his election 10 the pres
idency OF the bank he was compelled 70
resign this Office. Tie refused any remu-
neratfon for all the time he had spent as
president OF the local Worlds fair direc-
tors, although a handsome salary had been
voted for the position.
MIR Gage has been twice married. His
first wife was Miss Sara Ethridge. Of Little
Falls. y Y whom he married In 1854. She
died IN 1874 and in 1871 he married Cornelia
Gage. OF Denver. Col. Re IS q member %
the Commercial and Union League clubs
OF this city. and personally Is a very popu-
lar man.
Mr.. Gage departed for Chicago at s20
o'clock tonight. being accompanied by
National Committeeman Cyrus Leland, Of
Kansas.