Charles Bergstresser

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

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
Main article: Dow Jones & Company

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. 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

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
  1. Charles M. Berstresser (February 23, 1905). "Responsibility Rests with the City to Force the Use of a Loop". The New York Times.
  2. 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 17 December 2010.
  3. Geisst, Charles R. (2006). Encyclopedia of American business history. Infobase Publishing. p. 305. ISBN 978-0-8160-4350-7.
  4. 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.
  5. "1882 – Charles Dow, Edward Jones and Charles Bergstresser".
  6. Lovell, Ronald P. (1 January 1993). Reporting public affairs: problems & solutions. Waveland Press. p. 402. ISBN 978-0-88133-696-2.
  7. 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.
  8. "C.M. Bergstresser Dies at Age of 65". The Wall Street Journal. September 22, 1923. Retrieved 17 December 2010.
  9. James Barron (May 23, 2016). "Inverted Jenny, Object of Intrigue in Stamp World, Re-emerges After 61 Years". The New York Times.
  10. Ethel was born 1893, died 1980, age 87: Matthew Healey (September 14, 2014). "$100,000 Reward for Missing 'Jennies'". The New York Times.
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