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Encyclopedia > Lyman J. Gage
Lyman Judson Gage

Lyman Judson Gage (June 28, 1836January 26, 1927) was an American financier and Presidential Cabinet officer. Image File history File links Download high-resolution version (3651x4662, 758 KB) File links The following pages on the English Wikipedia link to this file (pages on other projects are not listed): United States Secretary of the Treasury Lyman J. Gage ... Image File history File links Download high-resolution version (3651x4662, 758 KB) File links The following pages on the English Wikipedia link to this file (pages on other projects are not listed): United States Secretary of the Treasury Lyman J. Gage ... June 28 is the 179th day of the year (180th in leap years) in the Gregorian Calendar, with 186 days remaining. ... Year 1836 (MDCCCXXXVI) was a leap year starting on Friday (link will display the full calendar) of the Gregorian Calendar (or a leap year starting on Wednesday of the 12-day slower Julian calendar). ... January 26 is the 26th day of the year in the Gregorian calendar. ... 1927 (MCMXXVII) was a common year starting on Saturday (link will take you to calendar). ... Cabinet meeting on May 16, 2001. ...


He was born at De Ruyter, New York, educated at an academy at Rome, New York, 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 tile banking house of the Merchants Loan and Trust Company, of which 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. Rome is a city in Oneida County, New York, United States. ... Bank One Corporation, based in Chicago, Illinois, was the sixth-largest bank in the United States. ... Midwest States (United States of America, ND to OH) The Midwest is a common name for a region of the United States of America. ...


He was chosen in 1892 president of the board of directors of the World's Columbian Exposition, the successful financing of which was due more to him than to any other man. 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. One-third scale replica of Daniel Chester Frenchs Republic, which stood in the great basin at the exposition, Chicago, 2004 The Worlds Columbian Exposition (also called The Chicago Worlds Fair), a Worlds Fair, was held in the U.S. city of Chicago in 1893, to celebrate... The Chicago Civic Federation, founded in 1893, was a Chicago-based social reform organization. ... The Republican Party, often called the GOP (for Grand Old Party, although one early citation described it as the Gallant Old Party) [1], is one of the two major political parties in the United States. ...


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 the offer was declined. 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. Stephen Grover Cleveland (March 18, 1837 – June 24, 1908) was the 22nd (1885–1889) and 24th (1893–1897) President of the United States, and the only President to serve two non-consecutive terms. ... The presidential seal was first used by President Hayes in 1880 and last modified in 1959 by adding the 50th star for Hawaii. ... Free Silver was an important political issue in the late 19th century United States. ... William McKinley (January 29, 1843 – September 14, 1901) was the 25th President of the United States. ... The United States Secretary of the Treasury is the finance minister of the Federal Government of the United States. ... Theodore Roosevelt, Jr. ...


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 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. The Gold Standard Act of the United States was passed in 1900 (ratified on March 14) and established gold as the only standard for redeeming paper money, stopping bimetallism (which had allowed silver in exchange for gold). ... For the Lebanese political coalition, see March 14 Alliance. ... 1900 (MCM) was an exceptional common year starting on Monday (link will display the full calendar) of the Gregorian calendar, but a leap year starting on Saturday of the Julian calendar. ... The Federal Reserve System is headquartered in the Eccles Building on Constitution Avenue in Washington, DC. The Federal Reserve System (also the Federal Reserve; informally The Fed) is the central banking system of the United States. ... A money market is a financial market for short-term borrowing and lending, typically up to thirteen months. ...


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. Nickname: Big Apple, Gotham, NYC Location in the state of New York Coordinates: Country United States State New York Boroughs The Bronx Brooklyn Manhattan Queens Staten Island Settled 1613  - Mayor Michael Bloomberg (R) Area    - City 1,214. ...


He died at San Diego, California, in 1927 and is buried at Rosehill Cemetery in Chicago. Nickname: Americas Finest City Location of San Diego within San Diego County Coordinates: Country United States State California County San Diego  - Mayor Jerry Sanders  - City Attorney Michael Aguirre  - City Council Scott Peters Kevin Faulconer Toni Atkins Tony Young Brian Maienschein Donna Frye Jim Madaffer Ben Hueso Area    - City 963. ... Main entrance of Rosehill Cemetery Rosehill Cemetery is a 350 acre (1. ... Flag Seal Nickname: The Windy City Motto: Urbs In Horto (Latin: City in a Garden), I Will Location Location in Chicagoland and northern Illinois Coordinates , Government Country State Counties United States Illinois Cook, DuPage Mayor Richard M. Daley (D) Geographical characteristics Area     City 606. ...


Sources

  • This article incorporates text from the Encyclopædia Britannica Eleventh Edition, a publication now in the public domain.
Preceded by
John G. Carlisle
United States Secretary of the Treasury
18971902
Succeeded by
L.M. Shaw

  Results from FactBites:
 
U.S. Treasury - Biography of Secretary Lyman J. Gage (266 words)
A staunch defender of the gold standard during the election of 1896, Lyman J. Gage (1836-1927) was appointed Secretary of the Treasury by President William McKinley in 1897 and after McKinley's assassination, continued to serve under President Theodore Roosevelt.
Gage resigned in 1902 to become a banker in New York.
Macdonald's portrait of Gage was painted from life in 1900, during Gage's tenure as Secretary of the Treasury.
Lyman J. Gage - Wikipedia, the free encyclopedia (529 words)
Lyman Judson Gage (June 28, 1836–January 26, 1927) was an American financier and Presidential Cabinet officer.
In the free-silver campaign of 1896 Gage labored effectively for the election of William McKinley, and from March 1897 until January 1902 he was 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.
  More results at FactBites »

 
 

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