|42nd United States Secretary of the Treasury|
March 6, 1897 – January 31, 1902
|Preceded by||John G. Carlisle|
|Succeeded by||Leslie Shaw|
Lyman Judson Gage
June 28, 1836
DeRuyter, New York, U.S.
|Died||January 26, 1927 (aged 90)|
San Diego, California, U.S.
|Political party||Republican (Before 1884, 1896–1902)|
He was born at DeRuyter, New York, educated at an academy at Rome, and at the age of 17 he became a bank clerk. In 1853 he removed to Chicago, served for three years as bookkeeper, and in 1858 entered the Merchants Loan and Trust Company, where he was cashier in 1861-1868. Afterwards be became successively assistant cashier, vice-president and president of the First National Bank of Chicago, one of the strongest financial institutions in the Middle West.
He was chosen in 1890 to be president of the board of directors of the World's Columbian Exposition. Following the exposition, he became president of the newly formed Chicago Civic Federation, which sought to reform city governance.
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. In 1892 President Cleveland, after his second election, offered Gage the post of secretary of the treasury, but Gage declined the offer. In the free-silver campaign of 1896, Gage labored effectively for the election of Republican candidate William McKinley, and from March 1897 until January 1902 he served as Secretary of the Treasury in the cabinets successively of Presidents McKinley and Theodore Roosevelt.
As Secretary of the Treasury, Gage was influential in securing passage of the Gold Standard Act of March 14, 1900, which reestablished a currency backed solely by gold. Since this limited the amount of currency in circulation, it initiated a period, continuing until 1912, in which the Secretary of Treasury was obliged to interact in the money market by introducing into circulation the Treasury surplus. The inability of the Treasury to respond to the needs of the market and the perceived need for a currency which would expand and contract with the needs of the nation, led to the creation of the Federal Reserve in 1913 to regulate the money market.
Gage resigned in 1902 to become a banker in New York. From April 1902 until 1906 he was president of the United States Trust Company in New York City. His administration of the treasury department, through a more than ordinarily trying period, was marked by a conservative policy, looking toward the strengthening of the gold standard, the securing of greater flexibility in the currency, and a more perfect adjustment of the relations between the government and the National banks.
Lyman J Gage was instrumental in creating the San Diego Panama–California Exposition of 1915. Later he was president of the committee to preserve the Expo's characteristic buildings in Balboa Park.
Gage was one of the 30 founding members of the Simplified Spelling Board, founded in 1906 by Andrew Carnegie to make English easier to learn and understand through changes in the orthography of the English language.
Lyman Gage married Sarah Etheridge in 1864, and the couple had four children: Locke, Eli Alexander, Fanny and Mary, but only Eli survived to adulthood. Sarah died in 1874, when son Eli was 7 years old. Eli Gage married Sophie R Weare in 1893 in Iowa, but committed suicide in Seattle in 1906 leaving his wife and two young sons, Lyman J. Gage II (1896-1954) and John Weare Gage (1900-1962). After Sarah's death, Lyman Gage married Cornelia Lansing, who died childless in 1901. In late 1910s, Gage remarried a third time with Frances Ballou, and the two had a son, Lyman Judson. Frances died in 1943, around 16 years after Gage's death.
In 1906, Gage indulged his longtime interest in metaphysical phenomena by purchasing property on and subsequently living at Lomaland, a Theosophist retreat in Southern California. Though this came as something of a shock to the American public, those who knew him privately were not surprised, as Gage had previously studied spiritualism, astrology, and prophesied the death of his own brother through a "psychic flash".
John G. Carlisle
| U.S. Secretary of the Treasury
Served under: William McKinley, Theodore Roosevelt
March 6, 1897 – January 31, 1902
Leslie M. Shaw
was a leap year starting on Friday of the Gregorian calendar and a leap year starting on Wednesday of the Julian calendar, the 1836th year of the Common Era (CE) and Anno Domini (AD) designations, the 836th year of the 2nd millennium, the 36th year of the 19th century, and the 7th year of the 1830s decade. As of the start of 1836, the Gregorian calendar was
12 days ahead of the Julian calendar, which remained in localized use until 1923.Chicago Civic Federation
The Civic Federation is a Chicago-based non-partisan research organization focused on governments in the Chicago area and the state of Illinois. The Civic Federation's mission is to help local and state governments reduce their costs and improve public services by "Promoting opportunities to reform local tax structures; guarding against wasteful expenditure of public funds; and serving as a technical resource to public officials and opinion leaders through non-partisan tax and fiscal research."Conrad N. Jordan
Conrad N. Jordan (April 20, 1830 – February 26, 1903) was a United States banker who was Treasurer of the United States from 1885 to 1887.DeRuyter (village), New York
DeRuyter is a village located in the Town of DeRuyter in Madison County, New York, United States. The population was 558 at the 2010 census. The village and town are named after Michiel Adriaenszoon de Ruyter, a famous admiral in the Dutch navy.
The Village of DeRuyter is located in the southwest corner of the town of DeRuyter on Route 13.George E. Roberts
George Evan Roberts (August 19, 1857 – June 6, 1948) was Director of the United States Mint from 1898 to 1907, and again from 1910 to 1914.Illinois Naval Militia
The Illinois Naval Militia was a naval militia created by the Illinois General Assembly in 1893, and finally dissolved in 1988. The naval militia was reauthorized by Governor Rod Blagojevich through an executive order in 2006. As a naval militia it was not part of the Illinois National Guard or National Guard of the United States.International Club for Psychical Research
The International Club for Psychical Research (ICPR) was a short-lived psychical organization that was formed in May 1911 by Annie Besant.John G. Carlisle
John Griffin Carlisle (September 5, 1834 – July 31, 1910) was a prominent American politician in the Democratic Party during the last quarter of the 19th century. He served as the Speaker of the United States House of Representatives, from 1883 to 1889 and afterward served as Secretary of the Treasury, from 1893 to 1897, during the Panic of 1893. As a Bourbon Democrat he was a leader of the conservative, pro-business wing of the party, along with President Grover Cleveland.John Wilkie
John Elbert Wilkie (1860 – December 13, 1934) was an American journalist and Chief of the United States Secret Service from 1898 to 1911.L. M. Shaw
Leslie Mortier Shaw (November 2, 1848 – March 28, 1932), known as L. M. Shaw, was an American businessman, lawyer, and politician. He served as the 17th Governor of Iowa and was a Republican candidate in the 1908 presidential election.SS Laura Bridgman
SS Laura Bridgman was a Liberty ship built in the United States during World War II. She was named after Laura Bridgman, the first deaf-blind American child to gain a significant education in the English language.SS Lawton B. Evans
The SS Lawton B. Evans was an American military ship, constructed in Alabama during World War II it was named after the author Lawton Bryan Evans (1862-1934).SS LeBaron Russell Briggs
SS LeBaron Russell Briggs was a Liberty ship built in the United States during World War II. She was named after LeBaron Russell Briggs, the first Dean of Men at Harvard College and the president of Radcliffe College.SS Leland Stanford
The SS Leland Stanford was a Liberty ship built for service in World War II.SS Lewis Emery Jr.
The SS Lewis Emery, Jr. was a World War II liberty ship built by the Alabama Drydock and Shipbuilding Company at their yard at Mobile, Alabama, and launched on 15 October 1943.SS Lunsford Richardson
SS Lunsford Richardson was a Liberty ship built in the United States during World War II. She was named after Lunsford Richardson, a pharmacist and founder of the Vick Chemical Company.USS Cheleb (AK-138)
USS Cheleb (AK-138) was a Crater-class cargo ship in the service of the US Navy in World War II. It was the only ship of the Navy to have borne this name. It is named after Cheleb, a star in the northern hemisphere constellation of Ophiuchus.USS Eridanus (AK-92)
USS Eridanus (AK-92) was an Crater-class cargo ship commissioned by the US Navy for service in World War II and manned by a US Coast Guard crew. She was named after the constellation Eridanus. She was responsible for delivering goods and equipment to locations in the war zone.