Show I rt CHARLES W OSBORNE THE NEW I 1 CONTROLLER OF THE SAGE SAcE MILLIONS Charles W Osborne Never mislaid a security or lost a dollar Never committed a blunder in judg mont of oC collateral on loans f Had Bad but three days vacation Id ift i years exclusive of ot time he hells was In a hospital after explosion In Mr Sages office Never made an enemy in all aU the in involved Involved transactions in which he was concerned in behalf of his employer Held the power of attorney of Rus Russell Russell sell Sage for a quarter of a century t He was the only man man praised In the financiers will wm willBy By bellig made executor of ot vast v st es estate estate tate his fortune is made Emerges from comparative obscurity to become a power In the financial world Changing destiny has brought before the eye of the public a quiet unassuming unassuming ing man who for years has attended to his 11 s duties in the small office which bears hears on its doors the name Russell Sage By the death of him w m he heser served ser ed for more than a quarter of ot a century Charles W becomes a power in Wall street says the New NewYork York Tork Herald Upon him as executor will devolve the direction of the mil millions lions of or the veteran of puts and calls caUs and aud front from a comparatively unknown man he becomes b comes one of the most im important t figures in the world of or finance Mr Osborne concerning whom I the thc financier as his confidential and L trusted assistant enjoyed the confidence dance dence of Russell Sage from the very r first year he entered his employ Ho He HeIs H Is now in his year a a rather slen slenY Y 1 l dar dr man of or the average height His hend is surmounted by an aureole of oC snowwhite hair and he ho wears a z L mustache which has also taken on the th 1 frost of age But his complexion Is 1 ruddy and his eyes have a way w y of o r sparkling None who knows him ever eve 1 remembers to have seen him when he h 1 did not have a smile and a pleasant I word He Is the direct antithesis of o r Newman for all the tho years of o f drudgery and nd plodding and almost end endless endless less toil at the treadmill of detail have hav left him and serene He had a vacation once It was in inthe inthe ii I the year car 1902 and for a whole week his hi S employer did not come to the office L e Mr tr Osborne thought the matter over ove r carefully car and actually took three days He worked year in and year out over securities sec and never seemed to feel the thed need nee d of ot rest It would hardly be correct to say that tha t in the years of service ice he was absent for It must be re remembered remembered me that he had some time off offer after aft er the madman Norcross threw the bomb bom b in the thi th Sage office Mr Osborne at attio the time was conducting a negotiation negotiation tion tio n with a customer He was carried from fro m the building minus a a portion por tion of his clothing and for a time It was feared that his skull was frac fractured tur ed He came through that trying ordeal orde ord eM l safely however and In the fifteen fifteen teen tee n years which succeeded did not nots miss mis s any time except the triple holi holE holiday day dayI mentioned It I t has only been recently that those who wh o went to the office of Russell Sage realized rea the influence of ot the vizier Nominally No he merely received and paid f out money Beneath the little window in the partition in the office at 31 Nas Nassau Nassau sau street is the legend Charles W Osborne Os borne Cashier It is printed in Inck black bla ck letters with red borders and was engrossed en grossed by Mr Osbornes own hand Beyond B the opening of a long fla fiat table tab le such as bookkeepers have and in front of it stands the man who di directs directs rec ts probably a hundred million dol dols lars lar s Mr M r Osborne had hardly been in the employ em ploy of Mr Sage a year before a awer power po of attorney was given to him and an d it was renewed from year to year The Th e financier departed this life grew gr ew to trust him and to place the ut utmost most mo st reliance upon him Wall street says sa ys of Charles W Osborne that he hever never ne ver mislaid a security or lost a a dol lar that his judgment never failed and that th at he never made a a mistake Details of keeping tracks of the busi business ness ne ss of Russell Sage probably would have ha ve driven a a man with less command commander over oer ov er himself to an insane asylum Mr Sage Sa ge at a the time of his death had 30 00 loaned loaned in Wall street which means m eans that his cashier lent the money mone moner for fo r him The greater part of the busi ness ne ss was with stock exchange houses and an d the security given was of the very ver best be st The manner of taking care of 0 these th ese accounts was somewhat primi prim tive ti ve The collateral was shoved Into Int an envelope When a 8 broker desired to substitute some somo other security for a portion po of it his envelope was hauled haule out ou t and the necessary change was wa made m ade almost Infinite number of tine ti required In such a business necessitates ne tact and patience and self control co but Wall Wan street says sas of the th Sage S age executor that he lie never neer made an ai enemy en emy His fairness and courtesy were proverbial pr in the little world which knew k new him The brokers and the bank ers er s who had occasion to transact busi ness n ess always found him the same He H e was w as always on the alert always ys in 1 n command co of his faculties yet at the th e same sa me time so agreeable to all who came cam e to the little window that even evert men who wh 0 were w ere obliged to sacrifice their L ties ti es spoke of him later as a fair square squar e and a nd agreeable man He was Russell Sages man Osborne Osborn Le to many mapy In the street and it has only been b een within the last two or three years that th at the men who dealt with him be gan g an to Realize that he was a strong ln Ir d One of the reasons that he put nut his hi name ame n the on cashiers window was that th it might be known he was one of the Ui men m ma mr mt en mentioned in the stock notes On 0 account a of his advanced age It was ar ai ranged r several years ago by Mr Sage Sa that hat t all loans should be paid either 1 to his h hc is Colonel J J S Sl cum c uin or to Mr Osborne The quiet 1 et well poised man who sat s L behind b the cashiers desk in the office offic e in i n the Bank of Commerce im building had ha d much m if uch to do with the engineering of af a t fairs airs f in such a way that the death of f Russell R Sage produced scarcely a rip nj pie p ie on the surface of Wall Wan street Had II the t he situation been less tt adroitly handled handl d there here t might have been a storm in which w many man financial craft would have hai e foundered f Mr Osborne like Ilke his late employer er did d id takes a a keen delight in driving fast St horses h He always owns hl j v no a l team ill at least l east and frequently he may ma be seen se on o n the driveways in the borough of Brooklyn B rooklyn He has been a resident of the t he borough for many mar years y ears Mr Osborne lives Jives in ioris t style In summer time he makes mak his h is home in Englewood N J where he h e has a cottage on Hillcrest avenue By the terms of the will of Russell Rus Sage S age Mr lIr Osborne is one of the three executors e and 2nd he will share with them the tees fees f ees of nearly His salary sala with Mr Mi Sage is said not to have ex e c a year but by careful management he has accumulated a for t r tune t une of his own |