William Francis Foster
(1879 - 1948)
Elwood, Australia
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In 1879, in the year that William Francis Foster was born, on October 22nd, Thomas Edison tested the first practical electric light bulb. Lasting 13½ hours before burning out, it used a "a carbon filament or strip coiled and connected to platina contact wires". He applied for a patent on November 4th, receiving the patent in January 1880.
In 1885, at the age of merely 6 years old, William was alive when on February 16th, the first Dow Jones Industrial Average was published by Charles Dow, who also founded the Wall Street Journal. The index was 62.76. It represented 12 stocks - American Cotton Oil, American Sugar, American Tobacco, Chicago Gas, Distilling & Cattle Feeding, General Electric, Laclede Gas, National Lead, North American, Tennessee Coal and Iron, U.S. Leather pfd. and U.S. Rubber.
In 1894, when he was merely 15 years old, large reserves of oil were discovered on the Osage Indian reservation in Oklahoma. Previously thought to be "useless" land - not even good for farming - the tribe had bought the land themselves. The discovery of oil made the Osage the "richest group of people in the world" at the time.
In 1920, when he was 41 years old, on January 1, over 6000 people were arrested and put in prison because they were suspected of being communists. . Many had to be released in a few weeks and only 3 guns were found in their homes. The U.S. Department of Justice "red hunt" netted thousands of "radicals" and suspected "communists" and aliens were deported. But the "hunt" ended after Attorney General Palmer forecast a massive radical uprising on May Day and the day passed without incident.
In 1948, in the year of William Francis Foster's passing, on May 14th, the State of Israel was proclaimed by David Ben-Gurion, who became Israel's first Premier, and the U.S. officially recognized Israel. That evening, Egypt launched an air assault on Israel.
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