In this piece, Dow is a leading advocate for frequent and full disclosure for greater clarity to all investors. This was a concept that was relatively unheard of at the time.
"It is in a high degree important for all interests that this market should be made as fair for the outsider as possible. Nothing will promote fairness so much as reasonable frequency in the publication of the profits which the company decides belong to stockholders. It is to the interest of every investor, every speculator and every broker that this should be done. It may possibly lessen the business of some houses to be obtained from insiders, but their loss will be more than made good by the breadth and permanency of a market in which outsiders have a fair chance (Dow, Charles H. Wall Street Journal. Review and Outlook. March 7, 1900)."
Who was Charles H. Dow?
“Charles Henry Dow was an American journalist who co-founded Dow Jones & Company with Edward Jones and Charles Bergstresser. Dow also founded The Wall Street Journal, which has become one of the most respected financial publications in the world.”