On this date in ...

Albany Times Union - Sunday - - AROUND THE REGION - ▶ See http://blog. time­sunion.com/his­tory/

1918: Olivia Slocum Sage — widow of fi­nancier, rail­road ex­ec­u­tive and politi­cian Rus­sell Sage, who set­tled in Troy as a young man and lived there for more than 25 years be­fore re­lo­cat­ing to New York City and mak­ing his for­tune — died in her Fifth Av­enue home in Man­hat­tan at the age of 90. She in­her­ited her hus­band’s $70 mil­lion es­tate (nearly $2 bil­lion in to­day’s dol­lars) 12 years pre­vi­ously when he died, also at the age of 90. Mrs. Sage used the money to found Rus­sell Sage Col­lege in 1916, and gave ex­ten­sively to the Emma Wil­lard School and Rens­se­laer Polytech­nic In­sti­tute, all three in Troy.

1968: Thomas J. Mcgrath, Demo­cratic can­di­date for assem­bly­man in the 101st District, Rens­se­laer County, out­lined and de­fended his plan for Troy to sell its wa­ter fa­cil­i­ties to the county and thereby lessen its debt. It spec­i­fied Rens­se­laer County buy Troy’s wa­ter fa­cil­i­ties at a price de­ter­mined by a firm of pro­fes­sional wa­ter con­sul­tants. A wa­ter agency would be set up by the county and ad­min­is­tered by a pro­fes­sional wa­ter ex­pert. Mcgrath said the pur­chase would be amor­tized over an ex­tended pe­riod at no cost to county tax­pay­ers. Com­mu­ni­ties that would buy wa­ter from Troy would re­mit pay­ments to the county wa­ter agency. “With the liq­ui­da­tion of Troy’s in­debt­ed­ness, the city would save mil­lions of dol­lars on in­ter­est pay­ments,” he said.

1993: Se­nior White House of­fi­cials said that Clifton R. Whar­ton Jr., the deputy sec­re­tary of state, was ex­pected to re­sign within six months amid crit­i­cism over his man­age­ment. The of­fi­cials said Whar­ton, the for­mer chan­cel­lor of the State Univer­sity of New York sys­tem, would leave amid White House and State De­part­ment dis­sat­is­fac­tion over his day-to-day han­dling of the na­tion’s diplo­macy. The of­fi­cials stressed that Whar­ton was not be­ing fired, nor was there any timetable for his de­par­ture. White House of­fi­cials tra­di­tion­ally leaked such sto­ries to sig­nal dis­plea­sure with top ad­min­is­tra­tion ap­pointees in hopes that they would step down. Whar­ton de­clined to com­ment.

Newspapers in English

Newspapers from USA

© PressReader. All rights reserved.