Laurence Sloan · 1985With Gilbert Clippinger and Charles Fisher, Sloan is considered on of the three students who came up with the idea of Sigma Delta Chi at DePauw University. Sloan was born April 29, 1889, in Spencer, Indiana. While at DePauw, he was on the staff of the DePauw Daily, editor-in-chief of the Mirage and a member of Phi Delta Theta fraternity. His senior yearbook predicts, perhaps correctly, that "Next year he will probably be engaged in slinging slang at the copy boy and calling down the editor."
After receiving his bachelor of arts from DePauw in 1912, he was a member of the first graduating class from the Columbia University School of Journalism in 1913.
The yearbook prediction was only off by one year. Sloan was reporter and sub-editor of the New York American from 1913-1916, then reporter and night city-editor of the New York Tribune from 1916-1918. He became advertising manager and assistant economist for the National City Bank of New York from 1918-1921, then moved to vice president, editor and chief of the Standard Statistic Company in 1921. He was responsible for the merger of Standard Statistics and Poor Corporation and was named executive vice president and a member of the board of directors of the new organization.
In 1912 Sloan was elected by acclamation as the first national president of Sigma Delta Chi. By this time students at the University of Kansas, the University of Missouri, and the University of Michigan had obtained charters from the DePauw chapter. He later became trustee of the Quill Endowment Fund and vice president of the American Statistical Association, and a member of the Academy of Political Science and of the Pulitzer Prize Selection Committee. He was listed in Who’s Who in America in 1936-37 and 1938-39.
Sloan was author of four books: Security Speculation — The Dazzling Adventure; Corporation Profits; Everyman and his Common Stock; and Two Cycles of Corporation Profits, volumes I and II. He also wrote several articles and was a frequent speaker at academic and professional associations. He died in 1949.