Kenneth Pringle of Barron’s writes about its founder, Clarence Barron, on the publication’s one centesimal anniversary.
Pringle writes, “He was a sophisticated man in fast-changing instances. Born in Boston in 1855, Clarence Walker Barron received awards for college essays and wrote for newspapers as a teen. He was the Boston Night Transcript’s monetary editor when, in 1887, he based the Boston Information Bureau, sending monetary information by messenger for a greenback a day.
“After a 12 months managing The Wall Road Journal, Barron purchased Dow Jones in 1902 for $130,000 (about $4 million immediately). On his watch, the Journal’s circulation grew from 7,000 to greater than 40,000; Barron’s reached 30,000 by 1927.
“Barron grew rich, with a main residence on Beacon Road and a summer season house in Cohasset, Mass., that offered for $27 million in 2010. He moved in the identical social circles because the wealthy and highly effective he lined, and conversations inevitably turned to investing.”
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