Show I RUSSELL SAGE HAS IN CASH CASt LOANED NEW YORI YORK Oct Russell Sage keeps In the loan market r rarely rel less loss than and when the rates are tempting or more of or his own mone money Is loaned In Wall VaU street on call caU callor callor or time Mr l Sage excluding bankers banke among whom he Is not ranked Is the lar largest money lender In n the world Men len who know him Well ve and estimate with authority authority au au- au- au compute his hie wealth at from to so o that the sum he keeps loan loaned d In Wall street Is a amere amere 0 mere bagatelle But from It il averaging the Interest rate at 5 per c cent nt he receives receives re re- re- re an annual revenue of oC The remaining two thirds of ot the properly property property prop prop- erty erly Is kept shrewdly Invested and two or three millions more are to lo be added to the mentioned to make up the great money lenders lender's ln Income ome Dolne Doln such an Immense cash loan business Mr lr Sages Sage's Sa es e's bank account Is Is of or course cours a pretty large one but It Is said Mid that It Is not ver very profitable to the banks In which It Is kept A As a director of ot the Importers and Traders Traders' National bank he naturally does docs most of or his business with that In Institution In- In lie was as a director of or the Mercantile Mercantile Mer Mer- cantile cantlie Trust company years ago aso and he kept an account here but It Is said he retired because of trouble over his account the management complaining that though they paid 2 per cent upon it It the they could never ne use the mone money because because because be be- cause Mr 1 Sage kept It In activity him him- self Mr l Sage Is one CM of ot the largest stockholders stockholders stockholders stock stock- holders In all nil the Gould properties notably no- no notably no no- tahl tably the Missouri Pacific Railway company compan Manhattan Elevated Ele Railway company and the Western Union Telegraph Telegraph Tele Tee graph company compan Assuming that his collateral loans I amount to and and there Is no I reason to doubt the correctness of ot that estl estimate there estimate ate there are only eight banks I I In this city whose loans exceed those of ot Russell Sale Sage Only once has Mr Sage been caught In Wall VaU street and that was In the fa famous a- a m us panic of or In he originated ed the selling of privileges known as puts and calls caUs and straddles He dealt h heavily II a In them and made mad a a. great deal of ot monc money thereby and was known as the king of or that business At the time of or the Grant Ward failure failure fail tall ure however his habitual good Judgment jUdgment judgment Judg jUdg- deserted ment and coolness apparently him and the result was that he lost It ItIs ItIs itIs Is said between and as the result deals Stories were t ld at the time of ot how he barricaded himself In his office when the demands poured In upon him for tor the redemption of cf t the privileges he had sold He met the demands demand however with promptness prompt prompt- ness flees paying cash on the spot and It St Is believed helle that within a year yeal he had more than recovered all his losses |