Arizona republican., 1902-05-18
Russell Sage
 at Eighty-five

Uncle" Russell Sage-WaIl street magnate. multimillionaire and world wide authority on finance-has just celebrated his eighty-fifth birthday and the sixtieth year of his advent as money lender and a speculator in Wall street.
 .I haven't taken a holiday in fifty years" said MT. Sage, "and 1 find that my work is both recreation and exer- else. I have been too busy to find time for the seashore, the mountains or the beach resorts of the south.
 "A long time ago I made. up my mind that I would spend no time in idleness. so long as I could find profitable and pleasant occupation. My business gives me that, and so I am nearly always at work.
 What do I consider essential to a young mans success in life? We'll, in dustry, perseverance and definite goal are three very necessary factors. The young man must know what he wants to do; must work hard to accomplish it, and must not be dismayed or turned from his course by discouragements.
 What measure of success I may have attained has been due largely to these three things. 1 have been a busy man for more years than most men, and I have always noticed that the man who made up his mind to succeed, all most invariably did so, if he was made of the right material"
 Speaking from an experience of more than half a century of Wall street and it's methods, MT. Sage said:
 The young man who desires to sue ceed should never gamble in stocks. I do not mean by this that he should never seek success through the medium of speculation, but rather that he should always observe sound business methods in his dealings. When sound, good paying stocks are low they should be bought as an investment, but not otherwise.
 The speculative fever has been the ruin of thousands of young men and the wreck of many fortunes, and will continue to cast wrecks by the wayside as long as the mad rush for quickly made fortunes continues"
 Although MT. Sage is far past the age at which most men are wholly incompe- tent to discharge active business cares. he personally directs the mana cement of his vast business, and every week day spends not less than nine hours at
  of offices in the Nassau street sky scraper.
 Since the time that Norcross, the anarchist, tried to kill him and eX- ploded the bomb in his office, MT. Sage has had an iron grating. surmounting a stout wooden partition, placed a few feet from the entrance in his front of fee.
 oh wick caller must tell his business, name, etc., before he can gain admission to the aged financier. Once inside, he finds the possessor of s1OO,OOO,00O, made by his own efforts, keen-eyed, quick, ready to dispose of any business question with celerity.
 It is said of MT. Sage's fortune that it is in the best shape of all the fabu- lous fortunes gathered together by New Workers. It is said that MT. Sage can produce more millions in ready cash on short notice than any ten men in Man haitian. His fortune is largely in the best securities, good real estate, first class bonds, etc, all of which make | high class collateral quickly converti- blc into cash.
 Many stories-apocryphal and found ed on fact-are told of MT. Sage. 'I never pay more than have for the ar ticles I have to purchase, and I try all ways to get as nearly as possible full value for money expended. These are cardinal rules, without which no man can hope to reach the goal of success in the business world.
 1 In his office every business day MT. Sage is waited on by hundreds anxious to invest money ill speculative privi- leges which he sells. When Jay Gould was alive he was the most skillful trader in "puts and calls' known either ! to Wall street ori the world. Since his death MT. Sage has been recognized as the legitimate successor to his crown. Today, at S5 years old, he is king of i the put and call court, and past mas ter of the intricacies of the privilege" trade.
 1 MT. Sage will back his sixty years of Wall street experience against the money and information of any anabi- tious speculator.
 He sells puts and calls" spreads" and sometimes "straddles" on almost any stock in the market. When the
 put" goes down and begins to make a profit for its purchaser, or the "call'' goes up, the eXultant buyer thinks he ! is winning money from Russell Sage i But he isn't. Some one else is paying the loss. MT. Sage simply sold "privi- leges'' on stocks he bought years ago at figures ridiculously low, so that, in any event, he makes Q big profit on the ] final disposition of it, and frequently adds to his millions the price the ann bilious speculator paid him for his put and "call."-New York Core spondence St. Louis Globe Democrat.