Russell Sage - Political Career

Political Career

In 1841 Sage was elected as alderman in Troy. He was re-elected to this office until 1848, while also serving for seven years as treasurer of Rensselaer County. He was elected as to the U.S. House of Representatives as a Whig, and served, with re-election, from 4 March 1853 until 3 March 1857. He served on the Ways and Means Committee. Sage was the first person to advocate in Congress for the purchase of George Washington's plantation, Mount Vernon, by the government.

Subsequently, Sage settled in New York City, and engaged in the business of selling puts and calls and privileges on Wall Street.

In 1869, Sage was involved in a legal case concerning the usury laws in New York state, in which he was accused of being the leader of a usury group. He was convicted and fined $500, but his jail sentence was suspended. That year he remarried, to Olivia Slocum of Syracuse, New York.

Read more about this topic:  Russell Sage

Famous quotes containing the words political and/or career:

    I have no purpose to introduce political and social equality between the white and black races. There is a physical difference between the two, which, in my judgement, will probably for ever forbid their living together upon the footing of perfect equality; and inasmuch as it becomes a necessity that there must be a difference, I ... am in favour of the race to which I belong having the superior position.
    Abraham Lincoln (1809–1865)

    The 19-year-old Diana ... decided to make her career that of wife. Today that can be a very, very iffy line of work.... And what sometimes happens to the women who pursue it is the best argument imaginable for teaching girls that they should always be able to take care of themselves.
    Anna Quindlen (b. 1952)