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Lyman Judson Gage

Biography

Born in De Ruyter, Madison County, New York. Married Sara Etheridge in 1864. They had two children. After the death of his first wife in 1874 he married Conelia Washburn Gage, the widow of his brother, June 7, 1887. Married a third time to Frances Ada Ballou November 25, 1909. He was a member of the Masons.

Gage rose from cashier of the First National Bank of Chicago in 1868 to its president in 1891. He served as president of the Board of Directors for the World's Columbian Exposition in Chicago. In 1892 he was selected president of the American Bankers Association. Received LL.B. from Beloit in 1897.

Appointed Secretary of the Treasury and served March 6, 1897, to January 31, 1902. He supported the act of March 14, 1900, that established the gold standard. From 1902 to 1905 he was president of the United States Trust Company of New York. He died in San Diego, California.

Gage appears on a mint medal (USM 205) as part of the series for Secretaries of the Treasury. The obverse was by Charles Barber; the reverse by George Morgan.

bio: ApCAB; BDEB; DAB; Failor; NCAB 11, 26; TCBDA; WWWA-1

Source credit: Pete Smith, American Numismatic Biographies

 

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