Charles Bergstresser: Difference between revisions
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{{Short description|American publisher and journalist (1858–1923)}} |
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{{Use mdy dates|date=January 2024}} {{Use American English|date=January 2024}} |
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'''Charles Milford Bergstresser''' (June 25, 1858 – September 20, 1923) was an American [[journalist]]<ref>{{cite news |newspaper=[[The New York Times]] |
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|url=https://www.nytimes.com/1905/02/23/archives/responsibility-rests-with-the-city-to-force-the-use-of-a-loop.html |
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|title=Responsibility Rests with the City to Force the Use of a Loop |
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==Early life== |
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A native of [[Berrysburg, Pennsylvania]], Bergstresser was born on June 25, 1858.<ref name="CoffinOwen1879">{{cite book|last1=Coffin|first1=Selden Jennings|author2=William Baxter Owen|author3=Lafayette College|title=Record of the men of Lafayette: brief biographical sketches of the alumni of Lafayette College from its organization to the present time|url=https://books.google.com/books?id=vfjOAAAAMAAJ&pg=PA290|accessdate=17 December 2010|year=1879|publisher=The College|page=290}}</ref> Bergstresser graduated from [[Lafayette College]], where he took a scientific course and Latin, in 1881.<ref name="CoffinOwen1879"/> 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.<ref name="Geisst2006">{{cite book|last=Geisst|first=Charles R.|title=Encyclopedia of American business history|url=|year=2006|publisher=Infobase Publishing|isbn=978-0-8160-4350-7|page=305}}</ref> 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.<ref name="Geisst2006"/><ref name="Carlson2004">{{cite book|last=Carlson|first=Charles B.|title=Winning with the Dow's Losers: Beat the Market with Underdog Stocks|date=14 December 2004|publisher=HarperCollins|isbn=978-0-06-057658-5|pages=26–}}</ref> Although he was the chief financier of the fledgling company,<ref name="Carlson2004"/> Bergstresser chose to be a [[Sleeping partner|silent partner]] of Dow and Jones, using money he had saved while in college to fund their company.{{Citation needed|date=December 2010}} He worked for the new company as a reporter.<ref name="Lovell1993">{{cite book|last=Lovell|first=Ronald P.|title=Reporting public affairs: problems & solutions|date=1 January 1993|publisher=Waveland Press|isbn=978-0-88133-696-2|page=402}}</ref> It was he who came up with the name ''[[The Wall Street Journal]]''.<ref name="Carlson2004"/> |
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A native of [[Berrysburg, Pennsylvania]], Bergstresser was born on June 25, 1858.<ref name="CoffinOwen1879">{{cite book |
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|last1=Coffin |first1=Selden Jennings |author2=William Baxter Owen |publisher=[[Lafayette College]] |
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|title=Record of the men of Lafayette: brief biographical sketches of the alumni of Lafayette College from its organization to the present time |
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|url=https://books.google.com/books?id=vfjOAAAAMAAJ&pg=PA290 |accessdate=17 December 2010 |year=1879 |
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|page=290}}</ref> Bergstresser graduated from [[Lafayette College]], where he took a scientific course and Latin, in 1881.<ref name="CoffinOwen1879"/> After graduation, he took a job with the [[John J. Kiernan|Kiernan]] [[News agency|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.<ref name="Geisst2006">{{cite book |
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|last=Geisst |first=Charles R. |
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|title=Encyclopedia of American business history |
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|year=2006 |publisher=Infobase Publishing |isbn=978-0-8160-4350-7 |page=305}}</ref> 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.<ref name="Geisst2006"/><ref name="Carlson2004">{{cite book |
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|last=Carlson |first=Charles B. |
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|title=Winning with the Dow's Losers: Beat the Market with Underdog Stocks |
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|url=https://archive.org/details/winningwithdowsl00carl |
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|url-access=registration |date=14 December 2004 |publisher=HarperCollins |
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|isbn=978-0-06-057658-5 |pages=[https://archive.org/details/winningwithdowsl00carl/page/26 26]–}}</ref> |
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==Dow Jones== |
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He retired as a journalist in 1903.<ref name="Stonecipher2009">{{cite book|author=John Franklincomp Stonecipher|title=Biographical Catalogue of Lafayette College 1832-1912|url=https://books.google.com/books?id=4hryUD2NZ0MC&pg=PA271|accessdate=17 December 2010|year=2009|origyear=1913|publisher=BiblioBazaar, LLC|isbn=978-1-116-07280-8|pages=271–|postscript=. This is a reproduction of an out of copyright work, originally published Easton, Pa., Chemical pub. co.}}</ref> He died on Thursday, September 20, 1923.<ref>{{cite news | url = https://pqasb.pqarchiver.com/djreprints/access/107353688.html?dids=107353688:107353688&FMT=ABS&FMTS=ABS:AI&type=historic&date=Sep+22%2C+1923&author=&pub=Wall+Street+Journal&desc=C.M.+BERGSTRESSER+DIES+AT+AGE+OF+65&pqatl=google | title = C.M. Bergstresser Dies at Age of 65 | work = Wall Street Journal | date = September 22, 1923 | accessdate = 17 December 2010}}</ref> |
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{{main|Dow Jones & Company}} |
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Although he was the chief financier of the fledgling company,<ref name="Carlson2004"/> Bergstresser chose to be a [[Sleeping partner|silent partner]] of Dow and Jones, using money he had saved while in college to fund their company.{{Citation needed|date=December 2010}} He worked for the new company, which was located in the basement of 15 Wall Street, near the [[New York Stock Exchange]],<ref>{{Cite web|url=http://www.bizjournalismhistory.org/1800_1882.htm|title=1882 |website=History of Business Journalism |url-status=live |archive-url=https://web.archive.org/web/20231023064220/http://www.bizjournalismhistory.org/1800_1882.htm |archive-date= Oct 23, 2023 }}</ref> as a reporter.<ref name="Lovell1993">{{cite book |
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|last=Lovell |first=Ronald P. |
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|title=Reporting public affairs: problems & solutions |
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|date=1 January 1993 |publisher=Waveland Press |
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|isbn=978-0-88133-696-2 |page=[https://archive.org/details/reportingpublica0002love/page/402 402] |
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|url=https://archive.org/details/reportingpublica0002love/page/402}}</ref> It was he who came up with the name ''[[The Wall Street Journal]]''.<ref name="Carlson2004"/> |
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==Later life== |
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He retired as a journalist in 1903.<ref name="Stonecipher2009">{{cite book |
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|author=John Franklincomp Stonecipher |
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|title=Biographical Catalogue of Lafayette College 1832-1912 |
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|url=https://books.google.com/books?id=4hryUD2NZ0MC&pg=PA271 |accessdate=17 December 2010 |year=2009 |
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|origyear=1913 |publisher=BiblioBazaar, LLC |isbn=978-1-116-07280-8 |pages=271– }} This is a reproduction of an out of copyright work, originally published Easton, Pa., Chemical pub. co.</ref> He died on Thursday, September 20, 1923,<ref>{{cite news |newspaper=[[The Wall Street Journal]] |
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|url= https://pqasb.pqarchiver.com/djreprints/access/107353688.html?dids=107353688:107353688&FMT=ABS&FMTS=ABS:AI&type=historic&date=Sep+22%2C+1923&author=&pub=Wall+Street+Journal&desc=C.M.+BERGSTRESSER+DIES+AT+AGE+OF+65&pqatl=google |
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|title=C.M. Bergstresser Dies at Age of 65 |date=September 22, 1923 |url-access=subscription |via=ProQuest Archiver |accessdate=17 December 2010 |url-status=dead |archive-url=https://web.archive.org/web/20120111174941/https://pqasb.pqarchiver.com/djreprints/access/107353688.html?dids=107353688:107353688&FMT=ABS&FMTS=ABS:AI&type=historic&date=Sep+22%2C+1923&author=&pub=Wall+Street+Journal&desc=C.M.+BERGSTRESSER+DIES+AT+AGE+OF+65&pqatl=google |archive-date= Jan 11, 2012 }}</ref> survived by his daughter Mrs. [[Ethel Bergstresser McCoy|Ethel B. Stewart McCoy]].<ref>{{cite news |newspaper=[[The New York Times]] |
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|url=https://www.nytimes.com/2016/05/23/nyregion/an-inverted-jenny-an-object-of-intrigue-in-the-stamp-world-re-emerges-after-61-years.html |
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|title=Inverted Jenny, Object of Intrigue in Stamp World, Re-emerges After 61 Years |
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|author=James Barron |date=May 23, 2016 |
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|url-access=subscription |
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|url-status=live |archive-url=https://web.archive.org/web/20231121084531/https://www.nytimes.com/2016/05/23/nyregion/an-inverted-jenny-an-object-of-intrigue-in-the-stamp-world-re-emerges-after-61-years.html |archive-date= Nov 21, 2023 }}</ref><ref>{{cite news |
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|newspaper=[[The New York Times]] |
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|url=https://www.nytimes.com/2014/09/15/us/100000-reward-for-missing-inverted-jennies-stamps.html |
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|title=$100,000 Reward for Missing 'Jennies' |
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|author=Matthew Healey |date=September 14, 2014 |
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|url-access=subscription |
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|quote=Shortly after Ms. McCoy died in 1980 at the age of 87 |
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|url-status=live |archive-url=https://web.archive.org/web/20231121085855/https://www.nytimes.com/2014/09/15/us/100000-reward-for-missing-inverted-jennies-stamps.html |archive-date=Nov 21, 2023 }}</ref> |
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==References== |
==References== |
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{{DEFAULTSORT:Bergstresser, Charles}} |
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[[Category:Lafayette College alumni]] |
[[Category:Lafayette College alumni]] |
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[[Category:American publishers (people)]] |
[[Category:American publishers (people)]] |
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[[Category: |
[[Category:1858 births]] |
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[[Category:1923 deaths]] |
[[Category:1923 deaths]] |
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Latest revision as of 18:53, 24 January 2024
Charles Milford Bergstresser (June 25, 1858 – September 20, 1923) was an American journalist[1] and, with Charles Dow and Edward Jones, one of the founders of Dow Jones & Company at 15 Wall Street in 1882.
Early life[edit]
A native of Berrysburg, Pennsylvania, Bergstresser was born on June 25, 1858.[2] Bergstresser graduated from Lafayette College, where he took a scientific course and Latin, in 1881.[2] 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.[3] 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.[3][4]
Dow Jones[edit]
Although he was the chief financier of the fledgling company,[4] Bergstresser chose to be a silent partner of Dow and Jones, using money he had saved while in college to fund their company.[citation needed] He worked for the new company, which was located in the basement of 15 Wall Street, near the New York Stock Exchange,[5] as a reporter.[6] It was he who came up with the name The Wall Street Journal.[4]
Later life[edit]
He retired as a journalist in 1903.[7] He died on Thursday, September 20, 1923,[8] survived by his daughter Mrs. Ethel B. Stewart McCoy.[9][10]
References[edit]
- ^ Charles M. Berstresser (February 23, 1905). "Responsibility Rests with the City to Force the Use of a Loop". The New York Times.
- ^ a b Coffin, Selden Jennings; William Baxter Owen (1879). Record of the men of Lafayette: brief biographical sketches of the alumni of Lafayette College from its organization to the present time. Lafayette College. p. 290. Retrieved December 17, 2010.
- ^ a b Geisst, Charles R. (2006). Encyclopedia of American business history. Infobase Publishing. p. 305. ISBN 978-0-8160-4350-7.
- ^ a b c Carlson, Charles B. (December 14, 2004). Winning with the Dow's Losers: Beat the Market with Underdog Stocks. HarperCollins. pp. 26–. ISBN 978-0-06-057658-5.
- ^ "1882". History of Business Journalism. Archived from the original on October 23, 2023.
- ^ Lovell, Ronald P. (January 1, 1993). Reporting public affairs: problems & solutions. Waveland Press. p. 402. ISBN 978-0-88133-696-2.
- ^ John Franklincomp Stonecipher (2009) [1913]. Biographical Catalogue of Lafayette College 1832-1912. BiblioBazaar, LLC. pp. 271–. ISBN 978-1-116-07280-8. Retrieved December 17, 2010. This is a reproduction of an out of copyright work, originally published Easton, Pa., Chemical pub. co.
- ^ "C.M. Bergstresser Dies at Age of 65". The Wall Street Journal. September 22, 1923. Archived from the original on January 11, 2012. Retrieved December 17, 2010 – via ProQuest Archiver.
- ^ James Barron (May 23, 2016). "Inverted Jenny, Object of Intrigue in Stamp World, Re-emerges After 61 Years". The New York Times. Archived from the original on November 21, 2023.
- ^ Matthew Healey (September 14, 2014). "$100,000 Reward for Missing 'Jennies'". The New York Times. Archived from the original on November 21, 2023.
Shortly after Ms. McCoy died in 1980 at the age of 87
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