Tag Archives: Murdoch

The Panic of 1907

From Clarence Barron’s purchase of the Wall Street Journal in 1902 until 1907, America was on one of its cyclic booms. In 1907, however, “The Panic of 1907” hit Wall Street and the country. It was also called the “1907 Bankers’ Panic.” The New York Stock Exchange fell close to...

Hugh Bancroft

Hugh Bancroft was an interesting man. Born in Boston with a silver spoon in his mouth, one would quickly view him as the epitome of success. He graduated from Harvard in 1897, at 17. His father, a major general of the Massachusetts National Guard and Chairman of the Boston Elevated Railway, captained...

Jessie Waldron

Charles Dow and Edward Jones founded Dow Jones Publishing and the Wall Street Journal, while Dow developed the two averages, Rail and Industrial, that became an index for gauging the market. Clarence Barron bought these entities from Dow in 1902, but it was Jessie Waldron, Barron’s new wife who initially took...

Jackie and The Horses

Archaeological records indicate that horse racing occurred in ancient Babylon, Syria, and Egypt, and was an event in Greek Olympics by 648 B.C. The style and distance of racing vary significantly by the country in which the race is occurring. There are three major types of racing: flat racing, steeplechase...

Jackie and Me

I knew Jackie Bancroft Spencer Morgan (“Jackie”) through the last five years of her life. Her last husband, Ronnie Lee Morgan(http://ronmorgan.net), was a client of mine in my law practice. As it turned out, I spent a good deal of time with Jackie, either playing golf or executing plans and...