Background
Lyman Judson Gage was born at De Ruyter, Madison county, New York, on the 28th of June, 1836. He was educated at an academy at Rome, New York, where at the age of seventeen he became a bank clerk.
bookkeeper cashier Financier politician Bank clerk
Lyman Judson Gage was born at De Ruyter, Madison county, New York, on the 28th of June, 1836. He was educated at an academy at Rome, New York, where at the age of seventeen he became a bank clerk.
He was educated at an academy at Rome, New York, where at the age of seventeen he became a bank clerk.
In 1855 Lyman Judson Gage moved to Chicago, where he served for three years as bookkeeper in a planing-mill. In 1858 entered the banking house of the Merchant's Loan and Trust Company, of which he was cashier in 1861-1868. Afterwards he became successively assistant cashier (1868), vice-president (1882), and president (1891) of the First National Bank of Chicago. In 1892 he became the president of the board of directors of the World's Columbian Exposition.
In the "free-silver" campaign of 1896 Gage laboured effectively for the election of William McKinley, and from March 1897 until January 1902 he was secretary of the treasury in the cabinets successively of Presidents McKinley and Roosevelt.
From April 1902 until 1906 he was president of the United States Trust Company in New York City.
In politics he was originally a Republican, and was a delegate to the national convention of the party in 1880, and chairman of its finance committee.
In 1884, however, he supported Grover Cleveland for the presidency, and came to be looked upon as a Democrat.
Lyman Judson Gage married Sarah Etheridge in 1864, and the couple had 4 children: Locke, Eli Alexander, Fanny and Mary. Sarah died in 1874, and no one of their children survived Lyman Gage. In 1887 he married with Cornelia Lansing, who died childless in 1901. In 1907 he married a third time with Frances Ballou, and had a son, Lyman Judson.