The Montgomery advertiser., 1906-07-23
RUSSELL SAGE DEAD
HEART FAILURE IS THE IMsrE-
 DIATE CAUSE.
yeterHn Finameter Would Have Ccle- brated His 00th Birthday August 4.--Expsres At His Summer
 Home.

4.--Expires At His Summer Home.
 New York. July a2.--Russelj Sage died suddenly today at his country
 home, ~cedarcroft." at Lawrence, L. I. The mediate cause of death was heart failure resulting from complication of diseases incident to old age. The veteran financier would have celhrated his 9Utn birthday. August I.
 Mr.. Sage had bean in exceptionally good health since his arrival at his sumer home aoout six months ago. At noon today he was seized with a sinkA ing spell and collapsed, failing into un- ocnesciousness about two hours before
 his death. which occurred at 4:So o'clock. IF
 There were present at the end Mrs. Sage, her brother, Colonel J. J. Slocum; the Rev. Dr. Robert Leetch, Dr. Theo. schmuck. local physician. and Dr John P Muhn, for many years Mr | Stages family physician, who was sum moned from New York when the first alarming symptoms were manifested The funeral services will be held on
 "wednesday at the West Presbyterian l Church in West 42nd Street, where Mr. Sage had been member for many years. The interment will take place Lin Troy on Thursday. Mrs Sage and | her brother. Coione Elocun. are named as the executors os MT Sages will BegRn as srEuna Boy. Russell Sage. multimillionaire and nestor ckz American financiers. was
 born on August I, 1906. in Verona. | Oneida County, New York. where his 1 parents. Elisha and Pendence Sage, members of a little company of pio- l neers from Connecticut. had halted while on their western march in quest of homestead. At the age of twelve lsyears Russell Sage began his career
 as an errand boy in the grocery store
 of his brother, Henry. in Troy. At the age of twenty-two he established a
 wholesale grocery of his own in that place.
 Tn 1857 the young merchant had &C., l nuired a fortune estimated at almost | half a million dollars. @ vast amount for those days, and determined to re- tire from active business life. He had. however. already become interested in railroads. his first transaction of this | character being loan to the La Crosse ! Railroad Company which led to further transactions, resulting in his acquiring | large interests in the roads now form
 Paul system. of which he became vice. president. This determined Mir. Sage | to devote his further energies to op erations in Wall Street and in ls63 nc | opened his first office in New York. | About this time he formed an as- sociation with J. Gould which con- | tinued for many years About 1872 Mr. Sage originated the system of ] trading in "puts. calls and straddles." | In which he continued to deal thereaf- | ter on a collossal scale. While he purchased a seat on the New York
 Stock Exchange in 1874 it is believed
 that he never appeared on the floor
 Loses se,oOO,0OO at Once. | Only once. it Is said, Mir. Sage ex- perienced a tremendous reverse which would have crushed most men. but | from which he emerged with courage | and confidence unshaken. This was
 on the memorable day In 1884 when ! the great failure of Grant and Ward
 was announced. resulting in the loss l to MT Sage of about S6.000.000 on a l long line of puts"
 His operations necessitated the pos session of a vast amount of ready capi- | tai and Mir. Sage always kept his re- sources so well in hand in any emerg- ' ency he was able to command almoss | unlimited funds,
 At the time of his death Mir. Sage
 was an oficer and director in twenty
 seven great railway and telegraph cor l porations.
 An incident which startled the whole country occurred in MT. Sage's office l in the old Arcade building, No. n Broadway. December {, 1891. On that
 day he was visited by Henry P. Nor cross. of Boston. a man of unbalanced
 mind. who demanded an immediate gift of sl.200,000 When the demand was refused Norcross dropped a dy-. namite bomb on the floor. the explos- la- frb
 killed one of the clerks and wrecked the whole office. Mir. Sage was only slightly injured by the explosion.
 Was Compelled to Move. For many years MT. Sage occupied during the winter an old fashioned
 brownstone mansion at 5Os Fifth Ave nue from which he was reluctantly
 compelled to move apout Tour years ago owing to the invasion of retail stores. to number 632 Fifth Avenue. HIS summers were spent at his country place at Lawrence. where he died.
 MT. Sage was married twice. first
 in Is4i to Miss Maya Winne. daughter of Moses 1 Winne, or Troy His wife died in New York City in 1887 and two wears later he married Margaret oliva. daughter of Joseph Slocum. of SYra- ] It is generally believed that Mir. i sare.s vast interests will not be se- | rfously affected by his death. Sev. eraI times within the last few years runors have been set afloat of Mir.
 sages death. On one such occasion. in June 1899, Mir. Sage said: T sup. | posa somebody wanted to make a lit- tie money by affecting stock values and they hit on this old trick"
 Asked if the stocks had been much
 affected he answered; T understand not. The properties in which I am l interested cannot be seriously affect ed by my death.