The New Student's Reference Work/Gage, Lyman Judson

Gage, Lyman Judson, American financier and secretary of the treasury in the McKinley administration, was born at De Ruyter, Madison County, N. Y., on June 28, 1836, and was educated at the academy, Rome, N. Y. For a time he had a junior post in an Oneida bank; but in 1855 he went to Chicago, where he became cashier in the Merchants’ Loan and Trust Company, and in 1868, entering the service of the First National Bank, he rose to be president of the institution. During the Columbian Exposition he acted as president of the board of directors, and has since been president of the Chicago Bankers’ Club, the American Bankers’ Association and of the Civic Federation of Chicago. In March, 1897, he became secretary of the United States treasury, but resigned in 1902. He resides in New York.