Russell Sage
| Russell Sage | |
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Russell Sage in 1903.
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| Member of the U.S. House of Representatives from New York's 13th district |
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In office March 4, 1853 – March 3, 1857 |
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| Preceded by | John L. Schoolcraft |
| Succeeded by | Abram B. Olin |
| Member of the Troy City Council | |
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In office 1841–1848 |
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| Personal details | |
| Born |
April 4, 1816 Verona, New York, U.S. |
| Died | July 22, 1906 (aged 90) New York City, New York, U.S |
| Resting place | Oakwood Cemetery, Troy, New York |
| Nationality | American |
| Political party |
Whig (1841–1854) Opposition (1854–1858) |
| Spouse(s) |
Marie-Henrie Winne (m. 1840; her death 1867) Olivia Slocum (m. 1868; his death 1906) |
| Children | 1 illegitimate child |
| Profession | Businessman, socialite |
| Religion | Presbyterianism |
| Net worth | US $70 million (1906) |
Russell Sage (August 4, 1816 – July 22, 1906) was a financier, railroad executive and Whig politician from New York, United States. As a frequent partner of Jay Gould in various transactions, he amassed a fortune. Olivia Slocum Sage, his second wife, inherited his fortune, which was unrestricted for her use. In his name she used the money for philanthropic purposes, endowing a number of buildings and institutions to benefit women's education: she established the Russell Sage Foundation in 1907 and founded the Russell Sage College for women in 1916.
Sage was born at Verona in Oneida County, New York. He received a public school education and worked as a farm hand until he was 15. He started as an errand boy in his brother Henry's grocery in Troy, New York. He had a part interest in 1837–1839 in a retail grocery in Troy, and in a wholesale store there in 1839–1857.
On January 23, 1840, Sage married Marie-Henrie Winne, who was also known as "Maria Winne". They had no children. She died on May 7, 1867, of stomach cancer. In 1869 at the age of 53, Sage remarried, to Olivia Slocum (1828–1918), who was ten years younger.
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 to the U.S. House of Representatives as a Whig, and served, with re-election as an Oppositionist, 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.
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