New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1898-09-11
Att M 80, At EICHTY-TWO
.s,rRF,jI. VIGOR MAKES HIM
No STRONG COMPETITOR OF
YOUNGER MEN.

''p high place in the financial community
un'N s;yhty-two still remains active IN the
r0 .h taxes young men 10 the utmost. Mr.
SEN a., seen at his Office No. ii Nassau
Sase .,x business day. and his views on
80 ,s,cial matters are AZ eagerly sous"' "o"
oom"'' =. twenty-five years ago He Is and
w. has been man Of good habits. ana lie
'SAs his present good condition by saying
sV" has always kept early hours. used no
maj and never took stimuants except in
.os, temperate MANNER
"'s' .,ants. Elisha sage and Prudence kisiey.
h~ so,ne in tn, Mohawk Valley. in New
XIV 1872. 10 20 away out West tn Mich
lUN' ,h,isb A new home there. The pioneer
lsa" nod at tn little harriet Of Shenandoah.
par" -, of Verona, Oneida County. y. Y.
IN u, q, August - 1916 the boy was born
inO las destined 20 make the name Sage
-, in the commercial world Inc tour I'D
NM ~, w.s abandoned and the Sage family
=, IN Verona and two years later removed
,.,, near pufhamvil!e. in the same c"un-
Russell Sage's father died In April
W, p,sseu sag spent his carly boyho"d on
=, .,,bers farm and At the age of twelve be
,,o u,actical life Is an errand-poy IN me gro
TO-, Of his brother Henry Risley Sage in
w When tNenty-one years old he be
- "a. mariner ~ another brother. Elisha
-, SAGE I'm a retaH grocery store. and il
-, mig before. through enterprise and
- no had sufficient captal - buy the
,.,a,,s share and become sole proprietor OF
:. store The business became wholesale con-
-,o IN ls39 with John ". Bates as partner
,..,rcs and other stock were sold by the con
| u, commission and % DO This vessels were
| -, chartered and then bought BY the enter
| ..;ns firm. When this larger business MAS IN
:, h.s, DAYS NJ bought his partners interest
=. added hors,. dealing and operations IN beei
!: and flour oh a larger '''.' - '.'
ma, xh, comes rapidly II the front rank IN
Il ,-,,sss circles naturally attracts the attention
:, the citizens of his home. and tn" people OF
--v soon made efforts Ia induce Mi sage 10
! .,,, ,ol;,,cs H. vas Wing. but was elected
/ ,aarnan in I Democratic ward IN lH4'' ana
! ~, that became treasurer Of Rensselaer,
i oou,tv which place he held for several years
6, Sage took much interest in the develop
non, NJ The early railroad schemes. and was one
4, the Messengers on the first ofhcial tram TO
,,, over the Albany and schenectady Railroad
70 vas so deeply interested in what he sa" on
ns shnrt trlp thai he made tour shortly
harvard through Central NewYOrk. inspect
| ,s roadbeds and looking UP probable advant-
,ras of the rev railroads. and from tina; time
,,vard the subject of railroads filled his mind
IN 1852 when T. u Morgan bought the Troy
and Schenectady Railroad for the New-York
Central Nj Sage A. a member II the Common
Council Of Troy tom 1 prominent part in the
transaction.
| In 1Sls Mr. Sage who continued - BE- active
in politics in Troy attended the National Con
yention Of the Wing party. and voted FOR Henry
Clay until there no hope for his candidate.
when he turned - Genera! Taylor. who VAS
nominated
In $50 Mr.. Sage was nominated by The Wings
Of Troy for Congress but was defeated. He was
elected in 49, and in 1851 10y an increased ma
| D,.,y and made i good record IN he House.
Easre he served Oh the Committee Oh Ways and
Means and other important committees. and
yas active in The measures which led 10 the lis
upton Of the Wing and the formation Of the
REPUBLICAN, party. While in Congress NJ did not
,,gIect his business. and made many lying
tips to Troy and il as during one II these
rps that he met Jay Could for the first time
~ Sage gave up his business III lN-''. the year
! 4 me great paric ard with capital Of about
l 10000 devoted himself to financial operations
l B4Cause 0f advances ne had made he had
l . become the owner Of the greater part
l u the stock " the Lacr0sSr Railroad
Ihs road later formed the Chicago. Mil
I raukee ard ST. Paul system. 1t VAS IN
he early DAY of the civil War that Mr.. Sag
sgan to operat- in Wall Street. and in l>'S' b"
/ '-moyed 10 New- York. where ne has lived ever
snce He bought eat IN the stock TX