Charles Bergstresser

Charles Milford Bergstresser (1858–1923) was an American journalist and, with Charles Dow and Edward Jones, one of the founders of Dow Jones & Company at 15 Wall Street in 1882.

A native of Berrysburg, Pennsylvania, Bergstresser was born on June 25, 1858.[1] Bergstresser graduated from Lafayette College, where he took a scientific course and Latin, in 1881.[1] After graduation, he took a job with the Kiernan News Agency, but he was not satisfied with his employment, particularly when the Agency refused to give equity interest in a stylus that he had invented which would allow information to be inscribed in 35 bulletins at once.[2] Dow and Jones were co-workers there, and Bergstresser convinced the pair to join him in departing from Kiernan to form their own company in November 1882.[2][3] Although he was the chief financier of the fledgling company,[3] Bergstresser chose to be a silent partner of Dow and Jones, using money he had saved while in college to fund their company. He worked for the new company as a reporter.[4] It was he who came up with the name The Wall Street Journal.[3]

He retired as a journalist in 1903.[5] He died on Thursday, September 20, 1923.[6]

References

  1. ↑ 1.0 1.1 Coffin, Selden Jennings; William Baxter Owen; Lafayette College (Easton; Pa.) (1879). Record of the men of Lafayette: brief biographical sketches of the alumni of Lafayette College from its organization to the present time. The College. p. 290. Retrieved 17 December 2010.
  2. ↑ 2.0 2.1 Geisst, Charles R. (2006). Encyclopedia of American business history. Infobase Publishing. p. 305. ISBN 978-0-8160-4350-7.
  3. ↑ 3.0 3.1 3.2 Carlson, Charles B. (14 December 2004). Winning with the Dow's Losers: Beat the Market with Underdog Stocks. HarperCollins. pp. 26–. ISBN 978-0-06-057658-5.
  4. ↑ Lovell, Ronald P. (1 January 1993). Reporting public affairs: problems & solutions. Waveland Press. p. 402. ISBN 978-0-88133-696-2.
  5. ↑ John Franklincomp Stonecipher (2009) [1913]. Biographical Catalogue of Lafayette College 1832-1912. BiblioBazaar, LLC. pp. 271–. ISBN 978-1-116-07280-8. Retrieved 17 December 2010. This is a reproduction of an out of copyright work, originally published Easton, Pa., Chemical pub. co.
  6. ↑ "C.M. Bergstresser Dies at Age of 65". Wall Street Journal. September 22, 1923. Retrieved 17 December 2010.