Biography of Lyman J. Gage
Celebrated American Biographies





LYMAN J. GAGE, - When President McKinley selected Lyman J. Gage as secretary of the treasury he chose one of the most eminent financiers of the century. Mr. Gage was born June 28, 1836, at Dc Ruyter, Madison county, New York, and was of English descent. He went to Rome, New York, with his parents when he was ten years old, and received his early education in the Rome Academy, Mr. Gage graduated from the same, and his first position was that of a clerk in the post office. When he was fifteen years of age he was detailed as mail agent on the Rome & Watertown R. R. until the postmaster general appointed regular agents for the route. In 1854, when he was in his eighteenth year, he entered the Oneida Central Bank at Rome as a junior clerk at a salary of one hundred dollars per year. Being unable at the end of one year and a half's service to obtain an increase in salary he determined to seek a wider field of labor. Mr. Gage set out in the fall of 1855 and arrived in Chicago, Illinois, on October 3, and soon obtained a situation in Nathan Cobb's lumber yard and planing mill. He remained there three years as a bookkeeper, teamster, etc., and left on account of change in the management. But not being able to find anything else to do he accepted the position of night watchman in the place for a period of six weeks, He then became a bookkeeper for the Merchants Saving, Loan and Trust Company at a salary of five hundred dollars per year. He rapidly advanced in the service of this company and in 1868 he was made cashier. Mr. Gage was next offered the position of cashier of the First National Bank and accepted the offer. He became the president of the First National Bank of Chicago January 24, 1891, and in 1897 he was appointed secretary of the treasury. His ability as a financier and the prominent part he took in the discussion of financial affairs while president of the great Chicago bank gave him a national reputation.


FROM:
A Biographical Record
Of Schuyler County, New York
The S. J. Clarke Publishing Company
New York and Chicago 1903.


About OnlineBiographies.info

Online Biographies is part of the RatsNest Group of websites which is striving to be your one stop source for History, Biographies and New England Genealogy. Please fell free to use all ouf sites as often as you need them, that is what they are here for. If you have a web site you are always welcome to link to any of the pages that we have online. Remember that new pages are being added all the time so you will find something new on most visits.

There are now over 10,000 biographies at this web site.


Privacy Policy for OnlineBiographies Counter

NAVIGATION
Famous American
Biographies


Names A to H
Names I to Z

Online -
Biographies

Biographies of the Presidents.

Railway Officials in America 1906

For all your genealogy needs visit Linkpendium

Family Tree Maker 2012