Talk:Russell Sage
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The old infomation on this page was absolutely wrong.... First of all, Russell Sage was a man and he was dead when this library was built... His widow, who was one of the great phlantropists for New York in the early 1900s.
From the Library History Page:
THE JOHN JERMAIN MEMORIAL LIBRARY: A BRIEF HISTORY
Sag Harbor's beautiful John Jermain Memorial Library was built in 1910 by Mrs. Russell Sage in memory of her grandfather, Major John Jermain, and presented as a gift to the people of the Village of Sag Harbor. John Jermain served in the Westchester Militia during the American Revolution. Following the War he moved to Sag Harbor and married Margaret Pierson of Bridgehampton. Their daughter, Margaret Pierson Jermain, was the mother of Margaret Olivia Slocum who married Russell Sage, a financier. --TheWoodmanIII 06:25, July 15, 2005 (UTC)
[edit] Shenandoah, NY?
Our article follows the Bigraphical Directory of the United States Congress in saying that Sage was born in "Shenandoah, Oneida County, N.Y.". The only Shenandoah, New York in DeLorme's New York gazetteer or in MapQuest is in Dutchess County, near Fishkill, NY. Anyone have any idea what happened to Sage's Shenandoah? -- Mwanner | Talk 21:36, 20 November 2005 (UTC)
[edit] quote from “Reminiscences of a Stock Operator” by Lefevre
(Chapter V) … "The more I made the more I spent. This is the usual experience with most men. No, not necessarily with easy-money pickers, but with every human being who is not a slave of the hoarding instinct. Some men, like old Russell Sage, have the money-making and money-hoarding instinct equally well developed, and of course they die disgustingly rich."
[edit] Selling "privileges"
Can anyone shed some light on what is meant by 'engaged in the business of selling "privileges"' in the first paragraph. I have delinked it, since our article on privileges does not seem to be relevent. I suspect it came from the 1911 Britannica. -- Mwanner | Talk 01:49, 6 December 2006 (UTC)
- Well, I've found the original source [1]. The original phrase was 'he became a money-lender and a dealer in "puts" and "calls" and "privileges"'. I have restored the puts and calls, linked, which do make sense; were they removed by someone unfamiliar with options? Anyway, it seems to need some work. -- Mwanner | Talk 02:12, 6 December 2006 (UTC)
- From Option (finance): "Privileges were options sold over the counter in nineteenth century America, with both puts and calls on shares offered by specialized dealers. Their exercise price was fixed at a rounded-off market price on the day or week that the option was bought, and the expiry date was generally three months after purchase. They were not traded in secondary markets." - Nunh-huh 07:17, 18 March 2007 (UTC)
