GAGE, LYMAN JUDSON

(1836), Amer. financier and cabinet officer; b De Ruyter, N.Y. He was educated at Rome Academy, N.Y., entered the Oneida Central Bank at the age of 17 and in 1855 went to Chicago. He was clerk in a planing mill until 1858, when he entered the services of the Merchants. Loan and Trust Company, advancing to the post of cashier. In 1868 he became cashier of the First National Bank of Chicago, was promoted to the vice presidency in 1882 and in 1891 became the president of that institution. He served as secretary of the Treasury in the cabinets of Presidents McKinley and Roosevelt 1897-1902, and was president of the U.S. Trust Company, N.Y.C. from 1902 until 1906, when he retired. He has been connected as director with many financial and busine corporations. While in Chicago, he was a prominent figure in organizations looking iste dag civic reform and social betterment.