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

T approved. Sage was selling" and
values would go pell-mell and brokers
would tumble over each other to follow
suit and when the smoke had cleared
away Uncle" Russell was found to
have made as much money by the break
ing Of stocks in which he had no conf
dence as he had in the advance of those
on which he had lent money.
Showing Him Out
It is one of the stories in the street
among men who should know that
Sage several years ago had vetoed the
schemes Of combination which so re
Gently have startled the financial
world that among these was the an
Ihractte coal deal and the vast railroad
combination. If this be true Sage
threw away his finest opportunity
But the days when Sage insisted
upon knowledge of all deals and was
put in on the ground floor with the
promoters for the sake of his financial
assistance passed with the growing
wealth of the national and savings
/. banks The process of removing him
was so gradual and advanced by such
easy stages that Sage and the street
only recently have awakened to the
fact that he is out of it completely
Seven years ago not a bank in this
city had line of deposits averaging
1900, 600, when Sage alone had that
amount to lend. Since then the Ma
uonal City has run up to about $780,
100000, and others range on down to
where 100000 is comparatively
small Promoters and the active men
or the newer financial world found it
no longer necessary to go to Sage and
UNFOLD their plans and put him "on the
ground floor" as he always insisted.
/ They went to the banks and got all
they needed, and carried on the re-
cent deals with the money of the vast
army OF depositors among the people.
leaving Sage out in the cold to pursue
mis- work of money lending alone
without the inside knowledge that
once made him such a power on
change.
Then railroads and corporations,
nnding they no longer needed him, be-
gan dropping his name from the list
! of directors, which of course left him
out of all calculations there more com
pletely than ever. The more recent
and important instances are where his
name was dropped from the direc-
torate of the Mercantile Trust COM
pany. Of New York city, and from that
I OF the Iowa Central railroad.
His Last Interview.
short time ago Russell Sage con
part:
When left home my father said to
Any man can earn a dollar, but it's
a wise man who knows how to use it,
Whatever success I may have had in
life I attribute largely to having re-
membered my fathers maxim
While I suppose people would say
! that my long life has been successful,
they should remember that the longer
a man lives the more mistakes he may
1 be counted up to make
the more man accomplishes the
more he would undo and do over again
could he Ietrace the years that have
! gone forever The failures of the sue
! cessful are more in number than the
successes of the failures.
i think if I had my life to live over
/ again. It would be as honest, as sim
[ pie. as home-loving as could make it.
I would try with all my power for
4 homelike comfort. happiness and long
! life, as against show. shallow pleasure
a'sd a short existence. 1 would try as
hard as / knew how TO surround my
self in my home with everything that
could be useful Home life is best. Clubs
+ are only place for idle old men and
Wasteful young men
simplicity would be my keynote.
Great wealth is not everything. bv
any means. The mere making OF
money is not the only criterion of sue
cess Many men whose names are our
fCor+s,,,4z-5 -. - . T.