Russell Sage - Saint Joseph and Western Railroad Company Stock

Description

Russell Sage - Saint Joseph and Western Railroad Company Stock
Russell Sage - Saint Joseph and Western Railroad Company Stock
K30
State - Kansas
Date - 1880
ONLY A COUPLE FOUND. Issued to and signed by Russell Sage. Also, transfer to Sage. Issued and cancelled!
Russell Sage (4 August 1816 - 22 July 1906) was a financier, railroad executive and Whig politician from New York, United States. As a frequent partner of Jay Gould in various transactions, he amassed a fortune, which passed to his second wife, Margaret, when he died. She used the money for philanthropic purposes, endowing a number of buildings and institutions with his name, including Russell Sage College. The foundation she started, the Russell Sage Foundation, is still in operation.
Sage bought a seat on the New York Stock Exchange in 1874, and thereafter was known as a financier. At the same time he became interested in railroads, and secured stocks in western roads, notably the Chicago, Milwaukee and St. Paul Railroad, of which he was president and vice-president for twelve years. By disposing of these investments, as the smaller roads were absorbed by trunk-lines, he became wealthy.
In his later years he was closely associated with Jay Gould in the management of the Wabash Railroad, St. Louis and Pacific, Missouri Pacific Railroad, Missouri -Kansas-Texas Railroad, Delaware, Lackawanna and Western Railroad and the, St. Louis-San Francisco Railroad, the American cable company, the W.U. telegraph company and the Manhattan consolidated system of elevated railroads in NYC, in all of which corporations he was a director. Sage was for many years closely connected with the affairs of the Union Pacific Railroad, of which he was a director. He was a director and vice-president in the Importers and Traders' National Bank for twenty years, and also a director in the Merchants' Trust Company and in the Fifth Avenue Bank of New York City.
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