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The correspondence covers personal and business matters of Gage. The bulk of the collection consists of correspondence from Orville Peckham, counsel for the First National Bank of Chicago, concerning the financial matters of Secretary Gage. Also, correspondence with members of the Gage family dealing with Lyman's wayward son Eli. The remainder of the collection includes correspondence congratulating Gate on his appointment as Secretary of the Treasury, and letters of condolence on the death of his second wife, Mrs. Cornelia Washburne Gage in 1901. Among the notable items are a letter from Theodore Roosevelt expressing regret at Mr. Gage's resignation from the Treasury Dept.; and an engraved certificate admitting Gage to membership in the Knights of Labor, signed by Terence V. Powderley.