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54-503: In 1827, Arthur Tappan and Samuel Morse decided that New York needed another newspaper. The Journal of Commerce operated two deepwater schooners to intercept incoming vessels and get stories ahead of the competition. Following Morse's invention of the telegraph, the JOC was a founding member of the Associated Press , now the world's largest news-gathering organization. Publications in

108-561: A Thoroughbred racing stable from a base in New York. In 1919, Stoneham purchased the New York Giants baseball team for one million dollars. He took on longtime manager John McGraw and New York municipal judge Francis Xavier McQuade as partners, with McGraw becoming vice president and McQuade becoming treasurer. He owned the team until his death in 1936, passing it to his son Horace Stoneham . During his tenure as owner, Stoneham saw

162-525: A tabloid newspaper format. It became increasingly apparent that a print newspaper with a worldwide readership faced a struggle to keep its readers up-to-date on breaking news. By the time the newspaper was delivered, most readers had already gotten their news by fax, telephone or on the Internet. In 2000, the JOC converted its daily print publication into a weekly magazine, JOC Week , which provided an analysis of trade logistics. In 2001, The Economist sold

216-587: A boycott of the competition. When three teams defied the league and entered the cup, they were expelled from the ASL. The USFA then labeled the ASL an "outlaw league" and bankrolled the creation of the Eastern Soccer League to compete directly against the ASL. The financial toll brought about by the Soccer War forced the capitulation of the ASL in 1929. However, the league was permanently crippled. The onset of

270-458: A comfortable subsistence for his family, and the ability still to contribute, though on a greatly diminished scale, throughout his protracted life." Their philanthropic efforts crippled and pledges not met, the Tappans were forced to close their silk-importing business, and almost their paper, but the brothers persevered. In the 1840s, they founded another lucrative business enterprise when they opened

324-644: A leader in the drive to establish a central bank . He teamed up with Virginia Senator Carter Glass to write the Federal Reserve Act . Much of the work was done in the offices of the JOC. Throughout its history, the JOC maintained a different perspective on the news. Coverage of major events, such as the San Francisco earthquake of 1906 and the US entry into World War I, emphasized the effect on business. During World War II,

378-556: A newspaper empire of their own. They sold the JOC's AP franchise, which was a valuable asset in a day when access to the AP wires was restricted to franchise-holders. This enabled them to buy the St. Paul Pioneer Press-Dispatch . Bernard H. Ridder became publisher of the Pioneer Press-Dispatch , turning the JOC presidency over to Joseph E. Ridder . In the postwar years, the JOC also earned

432-543: A part of the UBM Global Trade group, focusing on serving professional communities engaged in commercial sea, rail and road transportation and logistics worldwide. On March 2, 2009, Traffic World magazine and The Journal of Commerce merged into one publication under the flagship Journal of Commerce banner. The JOC introduced a redesigned, comprehensive editorial product that uses data from PIERS: The Port Import/Export Reporting Service to enhance news stories to offer

486-570: A professional team until the New York Giants were finally organized for good in 1925. In addition to baseball, Stoneham also had a significant part in US soccer history. At the time, the American Soccer League was the second most popular professional league behind major league baseball, attracting large crowds and drawing many of Europe's best players with its excellent pay and high level of play. On September 8, 1927, Stoneham purchased

540-467: A reputation as a prime source of international trade news. In 1973 the paper scooped the world on perhaps the most significant economic development of the last 30 years. Six days ahead of any other newspaper, the JOC reported that Arab nations were going to embargo oil shipments to the US. On Saturday, October 20, 1973, as the Yom Kippur War raged, the world learned that Arab nations would be suspending

594-530: A variety of Web tools that will complement its move to a digital environment with real-time focus, and provide more analysis and market-oriented content. The combined publication integrates the trucking, rail transport, express and domestic-focused logistics coverage of Traffic World with the international, US Customs, container shipping, intermodal and breakbulk focus of The Journal of Commerce titles. Pacific Shipper and other regional publications were also merged into The Journal of Commerce . The new publication

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648-747: The 1919 World Series , brokered Stoneham's purchase of the New York Giants baseball team in 1919. He also co-owned a billiard parlour with Stoneham's right-hand man, Giants manager John McGraw . Stoneham himself was an inveterate gambler and the owner of numerous gambling operations, including the Oriental Park Racetrack , and Havana Casino in Havana, Cuba . He was eventually forced to sell these operations in 1923, as part of an anti-corruption campaign waged by baseball commissioner Kenesaw Mountain Landis . However, for several more years he continued to operate

702-667: The American and Foreign Anti-Slavery Society in 1840 and the American Missionary Association in 1846. After the Fugitive Slave Law of 1850 was passed, Tappan refused to comply with the new law and donated money to the Underground Railroad . The brothers' positions on the slavery issue were not universally popular. In early July 1834, Lewis Tappan's New York home was sacked by a mob, who threw his furniture into

756-527: The Daily Commercial Bulletin , founded in 1865 and owned by William Dodsworth , a friend of Stone's. But unlike his friend, Dodsworth believed it was more important to invest earnings in plant and equipment than to pay it out to investors. In 1893, Prime and Stone agreed to sell the JOC to Dodsworth and merge it with the Commercial Bulletin . Though Dodsworth was the acquirer, he retained

810-648: The Emancipation Proclamation and the Thirteenth Amendment eliminate slavery in the United States, granting freedom to millions of African Americans. Arthur is buried in the Grove Street Cemetery, New Haven. Charles Stoneham Charles Abraham Stoneham (July 5, 1876 – January 6, 1936) was the owner of the New York Giants baseball team and New York Nationals soccer team. He

864-563: The Erie Canal was completed, Arthur and his brother Lewis moved to New York City, the new national center of business and retail trade, where they established a silk importing business. In 1827 the brothers founded the New York Journal of Commerce with Samuel Morse . Arthur and Lewis Tappan were successful businessmen, but commerce was never their foremost interest. They viewed making money as less important than saving souls. They made

918-657: The Great Depression worsened the league's financial situation and it limped on for three more years before collapsing. Before that happened, Stoneham finally gained his New York Giants soccer team in 1931 when the original Giants was renamed the New York Soccer Club . Stoneham withdrew his team from the ASL in 1932 and disbanded it. Stoneham was also a member of the Tammany Hall political machine. For several years before his death, Stoneham had been suffering from

972-576: The Indiana Flooring franchise. While he wanted to rename the team the Giants, he was prevented by the fact the league already had a Giants team. Therefore, he settled on renaming his team the New York Nationals . His infamy in soccer came as a result of his role in precipitating the "Soccer Wars" which led to the destruction of the ASL. Soccer in the US is overseen by a single organizing body, at

1026-474: The JOC' s name. The new paper became The Journal of Commerce and Commercial Bulletin , a name that was to be maintained through the 1990s. The merged paper benefited enormously from the Commercial' s new presses and linotype machines, each of which could replace three or four men setting type by hand, one letter at a time. The papers also had complementary advertising support. The Commercial drew advertising from

1080-577: The Journal of Commerce a publication free of "immoral advertisements." Arthur Tappan's summer home in New Haven, Connecticut , was destroyed by a mob in 1831 (along with a black hotel and a black home) after his support for a surprisingly unpopular ( New Haven Excitement ) proposal of a college for African Americans in that city. (See Simeon Jocelyn .) Both men suffered in the anti-abolitionist riots of 1834 , in which mobs attacked their property. Arthur Tappan

1134-520: The Metropolitan Museum of Art . Though continuing as one of the lead investors, Prime left Stone in sole control. Stone devoted himself to the paper, writing most of the editorials and many of the page one stories. But he neglected the paper's physical plant, allowing its technology to become outdated. The Type was still set by hand in an era when most papers had switched over to linotype machines . The paper lost ground to its competitors, including

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1188-726: The Oneida Institute , Lane Theological Seminary , the Lane Rebels at Cumminsville, Ohio , and Oberlin Collegiate Institute . Their beliefs about observing Sabbath extended to campaigns against providing stagecoach service and mail deliveries on Sundays. In 1833, while a principal owner of the Journal of Commerce , Arthur Tappan allied with William Lloyd Garrison and co-founded the American Anti-Slavery Society . Arthur served as its first president, and there

1242-552: The Phillipsburg, New Jersey printing plant put the paper out that day. The shipping industry , which had flourished through the 1960s and 1970s, began a period of consolidation in the mid-1990s because of plunging freight rates. Separate shipping companies that had run multiple ads in the paper merged and eliminated competing routes. With the rapid growth of the Internet in the 1990s, many shipping companies began to switch their ship schedules onto their Web sites, where shippers around

1296-524: The US Postmaster General suspended the paper's mail privileges, effectively interrupting its publication, on grounds of "disloyalty." Hallock challenged the decision but failed to have it overturned. With its evening edition suspended and the morning edition distributed only to non-postal subscribers, editor Gerard Hallock stepped down on August 31, 1861. David M Stone, head of the commercial news department, and William Cowper, took over his interest in

1350-523: The 19th century took positions on political issues and were rarely concerned with being impartial. The JOC weighed in on the biggest issue of the day, slavery . Gerard Hallock and David Hale, partners in the JOC , were opponents of slavery but also critics of Abolitionists , and they decried the tactics of the war wing of the Republican Party . After the American Civil War broke out in 1861,

1404-718: The Giants win the World Series in 1921 , 1922 and 1933 . Stoneham was also involved in the aborted move of the New York Yankees to Boston in 1920. The Yankees, the city's second team, had leased the Polo Grounds from the Giants since 1913 . At the time, the American League was riven by an internecine war, with the Yankees, Boston Red Sox and Chicago White Sox on one side and American League president Ban Johnson and

1458-461: The JOC reprinted and indexed the wartime regulations that controlled production and supplies. The JOC's profits boomed during World War I with a sharp increase in advertising and circulation related to the wartime industrial expansion. The growth continued into the early 1920s. Then in 1921, the Dodsworths sold the paper to William C. Reick , who acquired it with money put up by Charles A. Stoneham ,

1512-806: The JOC to Commonwealth Business Media, the New Jersey–based publisher of Pacific Shipper , Canadian Sailings , and a number of railroad and trucking directories. The new owners had long-standing connections with the transportation industry, having previously owned Traffic World , another magazine acquired with its purchase of the JOC Group. In 2006, United Business Media acquired Commonwealth Business Media, from its owners: RFE Investment Partners, Bariston Partners, The Economist Group, ABRY Partners and Commonwealth's management. In 2008, United Business Media reorganized Commonwealth Business Media into two separate market-focused businesses. The Journal of Commerce became

1566-530: The Journal. Three years later, President Abraham Lincoln ordered the JOC closed after it was among New York papers victimized by a bogus story quoting the president as calling for 400,000 more volunteers. Following the Civil War, David Stone and William C. Prime , a lawyer who invested part of his fortune in the paper converted the paper from a partnership into a corporation. Prime soon retired to become president of

1620-555: The Sierra Nevada mine in Jefferson, Nevada . In 1921, Stoneham dissolved his brokerage house, convincing his investors to transfer their accounts to various other New York brokerage firms. In July 1922, E.M. Fuller & Company , one of the brokerages which accepted Stoneham's clients, collapsed, resulting in the Fuller bankruptcy case implicating Stoneham. Allegations arose that Stoneham

1674-521: The Yankees from the Polo Grounds, the Yankees would move to Boston's Fenway Park as tenants of the Red Sox. They would have been well within their rights to do so, since Red Sox owner Harry Frazee had pledged Fenway Park as collateral for a loan from Ruppert. Stoneham realized that if the Yankees left town, he'd lose revenue from a valuable tenant. He also didn't want to be held responsible for forcing Ruth,

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1728-481: The biggest star in the game, out of town. With these factors in mind, he renewed the Yankees' lease for one more year. The incident led the Yankees to construct their own park, Yankee Stadium , to ensure that no other team would have the power to deny them a place to play. In 1919, Charles Stoneham made an aborted attempt to organize a professional football team to play at the Polo Grounds in New York City. The team

1782-470: The first commercial credit-rating service, the Mercantile Agency , a predecessor of Dun & Bradstreet . The Tappan brothers made their mark in commerce and in abolitionism . Throughout their careers, the Tappans devoted time and money to philanthropic causes as diverse as temperance , the abolition of slavery, and their support of new colleges in what was then the west of the country: successively,

1836-439: The grocery and provisions business, from insurance and banking. The JOC's coverage focused on shipping and chemicals, textiles and insurance. When Dodsworth took over, he immediately laid off most members of both staffs. He did not want writers who could not write on the new typewriting machines or compositors who could not run linotypes. After the 1907 panic, a young editor at The Journal of Commerce , H. Parker Willis , became

1890-467: The idea that it would ever happen. In the later part of the 20th century, the JOC intensified its coverage of shipping, earning its nickname as the Bible of the maritime industry. Shipping was transformed forever by the introduction by Malcom McLean in 1956 of the container ship . Containerized shipping made traditional breakbulk ports obsolete and provided the means for Asia's export boom, which changed

1944-457: The latter's merger with IHS Markit. Arthur Tappan Arthur Tappan (May 22, 1786 – July 23, 1865) was an American businessman, philanthropist and abolitionist . He was the brother of Ohio Senator Benjamin Tappan and abolitionist Lewis Tappan , and nephew of Harvard Divinity School theologian Rev. Dr. David Tappan . He was a great-grandfather of Thornton Wilder . Arthur

1998-580: The other five clubs on the other. With the acquisition of Babe Ruth in 1920, the once-moribund Yankees suddenly became competitive and outdrew the Giants. To destroy one of the three teams that opposed him, Johnson persuaded Stoneham to evict the Yankees. This would give Johnson an excuse to force Yankees' owners Jacob Ruppert and Cap Huston to sell the Yankees to a more pliable owner; Johnson even went as far as to promise Stoneham that he could choose Ruppert and Huston's replacement. The move backfired when Ruppert and Huston announced that if Stoneham evicted

2052-407: The right — so careful and deliberate in forming conclusions, yet instant and indomitable in executing. Economical in spending, yet always bountiful in giving. So faithful and true, so scrupulously just in all things. Never seeking his own; of few words, each straight to the point, and that a deed , and how often a great one; so earnest in daring for the weak against the strong. In 1826, a year after

2106-545: The street and burned it. The Tappans and the Journal of Commerce attracted bitter criticism for their campaign to free the Africans who had taken over the slave ship Amistad in 1839. James Gordon Bennett, Sr. ’s rival New York Morning Herald denounced “"the humbug doctrines of the abolitionists and the miserable fanatics who propagate them," particularly Lewis Tappan and the Journal of Commerce . Arthur Tappan died in 1865, Lewis in 1873. Both men lived long enough to see

2160-534: The supply of oil to the United States. The JOC had the story of the notorious Arab oil embargo more than a week earlier. "It was a story that impacted the entire world", said Harold Gold, who was editor of the JOC at the time. Few thought the Arab nations would use oil as a weapon against the US in response to its military support for Israel , which included a $ 2.2 billion military aid package. There had been threats, but since an attempted embargo in 1967 failed, most dismissed

2214-621: The time known as the United States Football Association . The USFA ran an annual national single-elimination tournament known as the National Challenge Cup . Even though the Nationals had won the 1928 National Challenge Cup over Bricklayers and Masons F.C. of Chicago , Stoneham and several other owners had grown frustrated by the high costs associated with this cup. Therefore, as league vice president he instigated

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2268-454: The unauthorized use of his name and the concept of professional football in general. He was quoted as saying, "I would not play football for money on Sunday or any other afternoon. I believe that any attempt to professionalize football is a direct attack on the best traditions of the game and should be resented by all loyal devotees." The team folded within one week of that report, before its first scheduled game. New York City remained without

2322-593: The verge of extinction, the paper was purchased in 1927 by the three Ridder brothers: Bernard H., Joseph E. and Victor F. They were the sons of Herman Ridder , the publisher of the German-language Staats Zeitung , the New York Herald and the Long Island Daily Press . The outbreak of World War II dramatically affected financial and commodity markets. The Ridder brothers soon built

2376-473: The wealthy owner of racehorses and the New York Giants . After Reick died in 1924, Stoneham appointed a new front man, Raphael Govin , who pushed the JOC into more sports coverage. Willis, who had become editor-in-chief of the JOC in 1919, watched with alarm as the paper's profits began to dwindle, when everyone else in the Roaring Twenties was making money. After Govin died and the JOC appeared to be on

2430-412: The world could access them. Knight-Ridder decided to get out of business information altogether to focus on its daily metropolitan newspapers. In 1995, it sold the JOC to The Economist Group of London, publishers of the widely respected The Economist . Under The Economist Group, the JOC tightened its focus to cover international trade logistics. In 1999, the broadsheet newspaper was converted to

2484-494: The world's economic map. The JOC reported in detail on these and other developments in transportation and logistics. The JOC never missed a day of publication, even on February 26, 1993 , when a terrorist bomb detonated in the garage under the World Trade Center , killing six people. The paper's New York staff managed to find its way down the darkened, smoke-filled fire-escape stairs of the tower to safety below. The staff at

2538-477: Was a silent partner in the firm and had provided false testimony in the investigation of the collapse. He was indicted on August 31, 1923, by a Federal grand jury for perjury. While this case was building, another of the brokerage firms associated with the dissolution of Stoneham's, E.D. Dier & Company, also collapsed. Once again, allegations of criminal activity began to swirl around him and in September 1923, he

2592-439: Was at the center of numerous corruption scandals and was also the instigator of the "Soccer Wars" which destroyed the American Soccer League . Stoneham began his career as a board boy, updating stock transactions, in a New York City brokerage office. He quickly rose through the ranks, becoming a stock salesman in the company. In 1913, he established his own brokerage, Charles A. Stoneham & Company. In 1917, he also purchased

2646-763: Was born in Northampton, Massachusetts , to Benjamin Tappan (1747–1831) and Sarah Homes Tappan (1748–1826), the latter a great-niece of Benjamin Franklin . They were devout Calvinists . Tappan moved to Boston at the age of 15. In 1807 he established a dry goods business in Portland, Maine . After his death, Arthur was described thus by his friend and educational collaborator Theodore Dwight Weld , who called him one of humanity's "great benefactors": So simple in all his tastes and habits, so quiet and modest, yet so firm, independent, and conscientious, that nothing could swerve him from

2700-523: Was in 1835 a reward of $ 20,000 (equivalent to $ 590,710 in 2023) for his capture and delivery to New Orleans. He resigned in 1840 because of his opposition to the society's new support of women's suffrage and feminism . Their early support for Oberlin College , a center of abolitionist activity, included $ 10,000 to build Tappan Hall. Oberlin's green Tappan Square now occupies the site. Continuing their support for abolition, Arthur and his brother founded

2754-529: Was indicted by the Federal government for mail fraud related to defrauding the Dier company's clients. He was acquitted of these charges on February 6, 1925. Although he was cleared of most charges in each case, the taint of scandal never fully left him. Stoneham had a close business relationship with Arnold Rothstein , a notorious organized crime boss who ran numerous gambling operations. Rothstein, best known for fixing

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2808-463: Was led by Paul Page, Editorial Director, and Joe Bonney, Executive Editor. Canadian Sailings was sold to management in 2010. UBM sold the majority of its data business to Electra Partners in 2013, who formed AXIO Data Group. IHS Inc. announced in November 2014 that it had signed a definitive agreement to acquire JOC Group Inc. In March 2022 Journal of Commerce becomes part of S&P Global through

2862-427: Was one of two signatories who issued a disclaimer on behalf of the American Anti-Slavery Society , of which he was president, in the aftermath of the riots, emphasising its dedication to abolishing slavery within the existing laws of the United States. "In the great commercial crisis of 1837 he suffered immense losses; and not long after turned his attention to other and more retired occupations, by which he obtained

2916-427: Was to be called the New York Giants. Contracts and verbal agreements to play were made with a number of former collegiate football stars and its first game was scheduled for October 12, 1919. The game was to be played against Massillon Ohio, one of the professional powerhouses of the day. Alfred O. Gennert, a former star for Princeton and one of the players whose name was used in promoting the team, publicly denounced

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