Lyman J. Gage

Lyman Judson Gage ( born June 28, 1836 in DeRuyter, Madison County, New York, † January 26, 1927 in San Diego, California ) was an American businessman and politician, who, under Presidents William McKinley and Theodore Roosevelt, the Office of the Treasury of the United States held.

Career

After schooling in Rome and New York City Gage 1853 bank clerk in Chicago. From 1855 to 1858, he then worked as an accountant. Between 1861 and 1868 he worked as a cashier of a commercial bank. In 1868, he then began his career at the First National Bank of Chicago, where he rose from the Deputy Treasurer and Vice President in 1882 as president.

In 1892 he became CEO of the World's Columbian Exposition, which took place in 19th World Exhibition of its kind from 1 May to 30 October 1893 in Chicago. The successful financing of this exhibition, which was reminiscent of the discovery of America by Christopher Columbus in 1492 was, in particular due to him. Following the World's Fair, he became the first president of the Civic Association of Chicago, the redesign of the city made ​​it his goal.

After his retirement from political life in 1902 Gage banker in New York City. From April 1902 to 1906 he also served as President of the United States Trust Company of New York.

Political career

Change of party affiliation

Gage originally belonged to the Republican Party and was a delegate to the 1880 Republican National Convention, and chairman of the Finance Committee. In 1884 he joined but over to the Democratic Party and was a supporter of the successful presidential candidate Grover Cleveland. This offered him after his second election to the U.S. President on March 4, 1893 already the Minister of Finance to, but what Gage refused. In 1896 he was again a supporter of Republican presidential candidate, William McKinley. During the election campaign, he was adviser to McKinley in significant monetary issues.

Treasury under McKinley and Roosevelt

After the election of President McKinley appointed him this on March 6, 1897 as finance minister in his cabinet. His appointment also came across broad support in the leading daily newspapers. This office he held even after the assassination of McKinley from under his successor Theodore Roosevelt.

As finance minister, he was instrumental in the 1900 passage of the Gold Standard Act, by which the U.S. dollar was again covered exclusively by gold. By this law, the money supply could be from 1900 to 1912 influenced by measures of Finance. In addition, he also improved the relations and regulations between the government and the individual national banks.

On 31 January 1902 he resigned from his post and was replaced by LM Shaw replaced.

During the Second World War, the cargo ship USS Cheleb (AK -138 ) was baptized as Liberty Freighter on its name on 29 December 1943. The price of the Civic Federation was named in his honor Lyman J. Gage Award.

Publications

  • Financial topics of the day. The development of banking and the public benefits thereof. Chicago 1899
  • Customs inspection of baggage. New York 1901
  • Memoirs of Lyman J. Gage. New York 1937

Web links, and background literature

  • Biography and portrait on the website of the U.S. Treasury
  • Biographies of the members of the Cabinet of President McKinley
  • Sic transit. Article in TIME Magazine, January 12, 1925
  • Chicago v. New York. Article in TIME Magazine, July 30, 1928
  • Lyman J. Gage in the database of Find a Grave (English)

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  • Finance (United States)
  • Member of the Republican Party (United States)
  • Member of the Democratic Party (United States)
  • Americans
  • Born in 1836
  • Died in 1927
  • Man
Madison County (New York) United States Navy ships Liberty ship Alexander Hamilton Samuel Dexter George W. Campbell Alexander J. Dallas (statesman) Richard Rush Samuel D. Ingham Louis McLane William J. Duane Roger B. Taney Levi Woodbury Thomas Ewing Walter Forward George M. Bibb Robert J. Walker William M. Meredith Thomas Corwin James Guthrie (Kentucky) Howell Cobb Philip Francis Thomas John Adams Dix William P. Fessenden Hugh McCulloch George S. Boutwell William Adams Richardson Benjamin Bristow Lot M. Morrill John Sherman William Windom Charles J. Folger Walter Q. Gresham Daniel Manning Charles S. Fairchild Charles Foster (politician) John G. Carlisle Franklin MacVeagh William Gibbs McAdoo Carter Glass David F. Houston Ogden L. Mills William H. Woodin Henry Morgenthau, Jr. John Wesley Snyder (US Cabinet Secretary) George M. Humphrey Robert B. Anderson C. Douglas Dillon Henry H. Fowler Joseph W. Barr David M. Kennedy George P. Shultz G. William Miller Donald Regan Nicholas F. Brady John W. Snow Timothy Geithner
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