The Topeka state journal. [volume] (Topeka, Kansas) 1892-1980, 1906-07-23


celebrated his 90th birthday on Au-
gust 4. DIr Sage had been in excep-
uonally good health since his arrival
al his summer home about six months
ago. At noon ne was seized with a
sinking spell and collapsed. falling
into unconsciousness about two hours
before his death which occurred at
4:30 O'Clock.
There were present at the end Mrs.
Sage; her brother, Colonel J. J. Slo-
cum; the Rev. DR.. Robert Leetch: DR..
Theodore S Janeway, of New York;
DR.. J. Carl Schmuck, local physician;
and DR.. John P. Mum. for many
years Mr.. sage's family physician. who
was summoned from New York when
the first alarming symptoms we're
manifest.
The funeral services will be held on
Wednesday at the West Presbyterian
church IN West Fortv-second street of
which Mr.. Sage had been a member
for many years. The interment will
take place in Troy on Thursday Mrs
Sage and her brother Colonel Slocun
are named as the executors of Mr.
Sage's will.
Signs of Breaking.
OF late years Sage was not so active
in Wall street interests as usual in
fact he was being numbered among
those who had been.
In telling Of his business conditions
at the beginning of this year a New
York writer said:
Russell Sage, once the most power
ful and always the most interesting
man in Wall street. has passed com
pletely out OF the view Of men there
in everything except money lending
As lender OF money on gilt-edged
securities and alWavs with y vide
margin OF % per cent between him
and the market. he remains the larg-
est Of individual lenders. but as a
factor in the street he has disap-
peared.
The dean of the street is con
venient person to know to those snx-
ious for q quick and heavy loan. but
as an active principal in anything an
preaching the enormous combinations
that have become of almost daily oc-
. currence he never is thoueht Of his
Aadvice never is asked or if given is
not needed. He Is out of all that
completely out. The out man is con
tent to leave such rash ventures as he
calls them. to younger and more dar-
ing men, and lean quietly back and
take his cent per centum on the
enormous loans he has out
Tt IS estimated in the street that the
old man@he Will be 90 next August
now has at least $20,o00.0OO out In
loans on securities. and always has
IIOla FH+ENNstVV TO FIN.NUH.UUN mora
a hand to lend for q quick return Of
pretty profit. Tt would seem that
the largest individual money lender iD
the world would have a powerful in
6uence in the market and the affairs
Of the day That was true even a
short three years ago, but it is not to-
day. He has been shelved. practically
retired and Is unknown at the con
ferences of men whom he used Ia
lead He knows no more than the
naeekest outsider of schemes that
would have made his pulse stir i'm the
old days and the stock quotations %
slxyward or to the dogs on tin from
him. However it may have happened
his hand is no longer feared. and ne
IS content in his retirement and with
his cent per centum
SO quietly and by such easy stages
has Sage been removed from the ac-
tive earnest. whirling life that throws
together Russian or English loan
In a day or forces through coal and
railroad combinations. that he hardly
Is aware Of it ali himself But the
street knows 1T. and he is left alone Ia
.ount his millions and add to them bx
ne only means he finds safe and easx
by money lending
Change Brought by Banks.
Even in that he is by no means tbs