He was also instrumental in the creation of the mining venture Copper Range Consolidated Company.

Outside of building a successful brokerage business, Paine was involved in the major mining venture, Copper Range Consolidated Company in the "Copper Country" of Michigan.

[6] After running his highly successful brokerage business for nearly fifty years, Paine died on September 24, 1929, just a few weeks before the Wall Street crash of 1929.

[13][14] On April 18, 1887, Paine married Ruth Felton Ward.

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