The Abbeville press and banner. [volume] (Abbeville, S.C.) 1869-1924, 1906-08-15

She was a good deal worn by the
strain Of the last few days, but was
calm and resigned.
His Long and Busy Career.
Russell Sage, fnancier, railroad
man. stock broker, public leader and
man of affairs, was one of the most
remarkable men who have attained
prominence and amassed great wealth
in Wall Street, which has produced
so many other men of striking traits
and extraordinary abilities.
He was born August 4, 1876, IN
Verona, two miles from Oneida Cas-
tie, Oneida County. N. Y, the son of
a small farmer, and, when he was
twelve years old he found himself an
errard boy in the grocery store of
his brother Henry, in Troy. He
worked for his board and 81 a day.
Although Russell Sage was one Of
the richest men of the world, with \
command of more ready cash than
any other individual in this country.
and for more than forty years DOM
inant factor in Wall Street, his
death will hardly cause ripple in
the financial world, so carefully have
his affairs been arranged to discount
any effect of his death.
Mr.. Sage's retirement was so COM
plete, his friends say, that he rarely
came into New York in summer once
he went to his summer home. For
several months past it was observed
I, oh
the weight Of his years.
Mr. Sage's first wife, whom he
married in 1S41, was Miss Marie
Whine, Of Troy. She died in 1867.
His second wife, whom he married
two years later and who survives him,
was Miss Margaret Olivia Slocum, OF
Syracuse, and to whose constant care
he owed much of his habitual good
health and his ability to attend to
business with such regularity. He
had no children, and the disposition
of his vast wealth will be of great in
tereSt. ...
A Few Facts in q Remarkable Life.
Worked on his fathers farm until
Became an errand boy in his
brothers grocery store and increased
his capital to $1,000.
Rose from errand boy to partner
ship and at twenty-five was worth
$4,000.
At thirty-five, the richest whole
sale grocer in Troy, and quoted at
S250,000.
Served four years in Congress and
studied national finances.
Began his financial career in New
York in 1868, buying and selling
privileges.
Made s2,oOo.ooo in one hour sell
ing gold.
At the close of the Civil War was
reputed to be worth S6,000,000.
Was the principal manipulation in
the Union Pacific Railway consolida-
tion scheme with Jay Gould.
Lived fifty-two years in one house
on Fifth avenue, New York City.
Became the controlling power in
the elevated railroads and opposed
the abolition Of the coal-oil lamps.
Paid $12 suit for his clothes, and
wore three suits a year.
His daily luncheon down town cost
twenty cents.
Bomb thrown at him by Norcross
in 1891. He used Walter Laidlaw
as SHE'D, and Laidlaw sought pay
ment for the injuries he received.
Mr.. Sage won out in the lawsuits.
Got out of a sick bed to loan
money when rates were high and
made S555.
Was a director in twenty-six cor
porations; until he became too feeble
attended the meetings regularly and
drawing the fee.
At the time of his death estimated
to be worth s100,000,000, princi-
pally in railroad securities.
Swore in 1909 that his personal
property was not worth more than
S2.O00,000.