East Oregonian : E.O. (Pendleton, OR) 1888-current, 1906-07-24

New York, July 24.-The funeral of
who died at his country home, Cedar
croft, at Lawrence, Long Island, yes
terday, will be as simple and rigidly
unostentatlous as his long life.
While the arrangements are not yet
made, It is said that his last requests
concerning his funeral and burial will
be fully carried out.
Wall street is specializing on the eff
feet Of Sage's death on the market
already. This phase of his death
seems to be the leading one in New
York city. The old financier lived
so closely within his own home and
associated with such "A limited num-
ber of people that the personal side
of his loss does not enter into the
event except In a limited degree. The
entire sentiment Is wrapped up in the
financial aspects of the matter
Born In New York in 1916.
Like many of the multi-millionaires
of America. Russell Sage. the father
OF puts and calls" began life poor
boy. He was born in Oneida county,
New York, August 4, 1916. His
father. Henry Sage, was iaborer and
unable to give Russell more than a
meager education. At the age of 8
ne was thrown upon his own re-
sources and went to Troy in search
Of employment. After a succession of
hardships common to the boys of the
street he secured place in a grocery
f.y of aasRr aast
work he rose in the estimate of his
employers. and at the age Of 20 was
given position OF trust. In 1889 he
entered business for himself. About
the same time he married Miss Anna
Carman, daughter OF one OF the rich
men of Troy.
At that time, also, Mr.. Sage took an
active interest In the politics OF Tt oy
In Is4l he was elected an alderman
which office he held until 1s4S. He
also served seven years as county
treasurer. In his early life Mr.. Sage
was an ardent whig politically, and
was elected to congress as represen-
tative OF that party in 1853 and served
until 1857. He was the first on the
floor of congress to advocate the pur-
chase Of Mount Vernon by the govern
ment.
With Weed in Railroads.
Mr. Sage's first venture In railroad
and financial circles was as director
associated with Thurlow Weed in tn,
Hudson a. Mohawk railroad, running
from Albany to Schenectady. Upor
his retirement from congress he re-
moved to New York and entered Wal
. street as speculator. He was the
inventor of the scheme of selling priv
ileges or puts and calls" At the
same time he became interested N
railroads and secured stock in west
ern lines notably the Milwaukee & st
Paul, OF which he was president ant
president for IL years.
By disposing of these investments
MS the smaller roads became absorbed
by trunk lines he rapidly became
wealthy. In later years he wa'
very closely associated with
Gould in the management of thu
Wabash, ST. Louis and Pacific. tn,
Missouri Pacific, the Missouri, Kan
sas & Texas, the Delaware, Lackawan
ma G. Western, and the st. Louis
San Francisco roads, the American
Gable company, the Western Unioi
Telegraph company, and the Manhat
tan consolidated system Of railroads
IN New York city, in all Of which cor
porations he served as a director. HI
was also a director in several banks.
Mr.. Sage had lived in New York bu
n few years when his wife died. TIL,
blow almost prostrated him, and l
was some time before he returned t