The Topeka state journal. [volume] (Topeka, Kansas) 1892-1980, 1906-07-23
THE sAGE FoRTUNE.
Henry CIews Estimates 1t at From
20 to 100 Millions.

Henry CIews Estimates 1t at From
20 to 100 Millions.
New York. July 2S.-The funeral of
Russell Sage viii be held in the First
Presbyterian chruch Far Rockaway. of
which Rev. Robert G. Leitch is pastor,
tomorrow afternoon at 4 o'clock Tne
burial will be in Oakland cemetery,
Troy. Mr.. Sage was for long time
member of the West Side Presbyterian
church of this city
Mr.. Sage saw nearly all the years of
Daniel Drew, who was a king of the
little stock market of those days when
Mr.. Sage first appeared there to pile up
fortune of six or. seven times as great
as Drew ever had. The two men were
alike IN little except bodily length anu
leanness. some personal characteristic
of old-fashioned simplicity and the dis
position toward longevity, but Uncle
Russell succeeded Uncle Daniel in the
peculiar regard that Wall street seems
to cherish for those whom it adopts.
Drew lived to be 81. Mr.. Sage lacked
a fortnight of 80 years. Old age was
shis ailment and the immediate cause of
death was heart failure.
Financial disturbances which might
possibly follow the removal from life OF
so important a factor in the great at
fairs of business have long been dis
counted and eVerv contract Mr.. Sage
has made in the lending of money in
the last two years has. it is said, con-
tanned a clause STIMULATING that in the
event of his death no payment of mon
eVs lent should then be demanded on
that account. For his death. as in his
life Russell Sage had provided against
every possible contingency which might
injuriously affect the enterprises in
Which he was so active for a lifetime
extraordinary in its length.
Mr.. Sage has been failing for long
time. He was very feeble all the spring
and Mrs. Sage and others tried to get
him to leave the city and go TO his
rrrf17 tor
peared. but he preferred the city. He
was finally take to Lawrence on July
For the last three weeks Mr.. Sage
had had several sinking spells. 1t was
thought that he would die on Friday
night. Oxygen was administered and
Mr.. Sage's life was thus prolonged. All
Saturday his condition was critical with
occasional moments of Inconsistencies
Yesterday morning he frightened up
considerably. Calling Mrs. Sage to the
room shortly after noon the two talked
for q short While and MI. Sage was in
the best of humor. He did not realize
that he was very sick and the doctors
had not told him that the end was near
About 1880 he grew faint and sank
back in bed. In twinkling he was
unconscious. Dr.. ]. Carl Schmuck. the
local physician attending Mr.. Sage. sent
a hurry call to the city for DR.. Theodore
Janeway. who reached the house some
time before Mr.. Sage expired at 4:30
O'clock.
Since his arrival at Lawrence Mr..
Sage had not left his house. For the
first period of his illness he sat for the
greater part of the days on the veran-
das that encircle both the first and sec
Ond floors.
DR.. J. Bryson Delavan. Mrs. Sage's
physician was called to the house last
night. Dr.. DelaVan said that Mrs. Sage
was merely tired out and that she had
gone to bed on his advice.
II H.
the household He said that the death
of Mr. Sage would have no tendency to
cause any uneasiness in the financial
world, as his affairs had all been cared
for in anticipation of his death Many
of Mr.. Sage's loans had been called in
and such as are outstanding viii be
provided for with as little disturbance
as possible to the money market.
It was not likely that further loans
would be made at present. Pending a
formal statement of the purport of the
will. nothing is aseertainable about re-
ports current in Mr.. Sage's later years
that he had devised some large be-
nevolenees under the advice Of Mrs.
Sage But it is stated that Mrs. Sage
is-left in entire control of the fortune.
Although Mrs. Sage is IS years old,
she is wonderfully well preserved
mentally and physically Mr.. Sage had
often commented on this fact ana sald
that she would be quite capable of
handling his property when had gone.
DR.. Schmuek said that Mr.. Sage had
been very feeble mentally for several
months
There is probably no person in the
financial world who was better ac-
quainted with Mr.. Sage than Henry
Clews The latter said last night:
Mr. Sage was undoubtedly the
Wealthiest man in the street His for
tune can be conservatively estimated at
from S7O.0OO.O0O to 500. 100000. As
to the disposition of his wealth have
no idea what provisions Mr.. Sage
made. I have no doubt. however that
there will be some charitable be-
quests.
Mr. Sage was not a mean man, nor
was he a miser. Like other wealthy
men who have been taught the value
of economy, Mr.. Sage began by saving
his pennies and the policy had become
a part of his nature.