Career
Lane was a well-known businessperson in Lewiston, Maine as head of the Lewiston Trust Company. In 1942, Lane was the Maine Democratic Party"s candidate for Governor of Maine against incumbent Sumner Sewall. Lane lost in a two-way race with 33.16% of the vote.
He was the Treasurer of Bates College, in Lewiston, Maine.
The administration building there was named after him.