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partnership was dissolved. He next turned his attention to the wholesale



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Hidden Treasures Or, Why Some Succeed While Others Fail by Harry A. Lewis (z-lib.org)


partnership was dissolved. He next turned his attention to the wholesale
trade, dealing in grain, flour, pork, beef, etc., the most of these ventures
proving successful.
His towns' people, recognizing his business ability elected him alderman
for seven years, and later, treasurer of Rensselaer county. His fidelity in
these trusts won for him a seat in Congress, and he was re-elected by an
increased majority, serving both terms with great credit to himself and
party.
In 1860, he had succeeded so well that he could show $200,000 on the
credit side of his bank account. Seeking new fields to conquer, he naturally
gravitated to the money centre, New York. Since that time Russell Sage has
been as favorably known in Wall street as any broker in the country. He
occupies an office in the same building with Gould, and scores of the
leading spirits, with whom he mingles daily. He attends strictly to business,
and never even smokes. Mr. Sage deals in everything which he deems "an
investment,"—banks, railroad stock, real estate, all receive his attention. He
is a very cautious operator, and cannot, by any possible means, be induced
into a "blind pool." He has, however, been very successful in the "street,"
and it is said has built over three thousand miles of railroad. Russell Sage
might easily be mistaken for a church deacon, instead of the keen operator
that he is. However, no one in the "street" will give away "points" to his
friends sooner than he. The 
Troy Times
once mentioned several people who


said that Mr. Sage had pointed out to them investments, of which they could
never have known but for him, each investment having yielded them
thousands of dollars. He often gives friends the benefit of his splendid
opportunities, which makes him a general favorite among all brokers. Mr.
Sage enjoys the confidence and friendship of some of the leading operators,
among whom are Jay Gould.
He is a man of marked ability, and honesty. He never fails to meet any of
his obligations, nor will he allow others to neglect theirs. Of course, he is
careful what he agrees to do, but always does just as he agrees, regardless
of cost. For this reason he is known in Wall street as "Old Integrity." Russell
Sage is a shrewd, close calculator, and is worth many millions, the result of
improving his opportunities. He is a consistent member of the Evangelical
Church, and is very charitable. Long may such men live, for we have many
worse.



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