Online Encyclopedia

Search over 40,000 articles from the original, classic Encyclopedia Britannica, 11th Edition.

LYMAN JUDSON GAGE (1836– )

Online Encyclopedia
Originally appearing in Volume V11, Page 386 of the 1911 Encyclopedia Britannica.
Spread the word: del.icio.us del.icio.us it!

LYMAN See also:

JUDSON See also:GAGE (1836– )  , See also:American financier, was See also:born at De Ruyter, See also:Madison See also:county, New See also:York, on the 28th of See also:June 1836 . He was educated at an See also:academy at See also:Rome, New York, where at the See also:age of seventeen he became a See also:bank clerk . In 1855 he removed to See also:Chicago, served for three years as See also:book-keeper in a planing-See also:mill, and in 1858 entered the banking See also:house of the See also:Merchant's See also:Loan and See also:Trust See also:Company, of which he was See also:cashier in 1861–1868 . Afterwards he became successively assistant cashier (1868), See also:vice-See also:president (1882), and president (1891) of the First See also:National Bank of Chicago, one of the strongest See also:financial institutions in the See also:middle See also:west . He was chosen in 1892 president of the See also:board of See also:directors of the See also:World's Columbian Exposition, the successful financing of which was due more to him than to any other See also:man . In politics he was originally a Re-publican, and was a delegate to the national See also:convention of the party in ,88o, and chairman of its See also:finance See also:committee . In 1884, however, he supported Grover See also:Cleveland for the See also:presidency, and came to be looked upon as a Democrat . In 1892 President Cleveland, after his second See also:election, offered See also:Gage the See also:post of secretary of the See also:treasury, but the offer was declined . In the " See also:free-See also:silver " See also:campaign of 1896 Gage laboured effectively for the election of See also:William See also:McKinley, and from See also:March 1897 until See also:January 1902 he was secretary of the treasury in the cabinets successively of Presidents McKinley and See also:Roosevelt . From See also:April 1902 until 1906 he was president of the See also:United States Trust Company in New York See also:City . His See also:administration of the treasury See also:department, through a more than ordinarily trying See also:period, was marked by a conservative policy, looking toward the strengthening of the See also:gold See also:standard, the securing of greater flexibility in the currency, and a more perfect See also:adjustment of the relations between the See also:government and the National See also:banks .

End of Article: LYMAN JUDSON GAGE (1836– )
[back]
GAGE
[next]
THOMAS GAGE (1721–1787)

Additional information and Comments

There are no comments yet for this article.
» Add information or comments to this article.
Please link directly to this article:
Highlight the code below, right click and select "copy." Paste it into a website, email, or other HTML document.