[3] Jones graduated from Worcester Academy and attended Brown University before dropping out in his junior year.

[4][5] After leaving Brown, Jones worked as a reporter for the Providence Morning Star and Evening Press, where he met Charles Dow.

The company which is famous for the Dow Jones Industrial Average, The Wall Street Journal was founded by Jones and Charles Dow in 1882[6] "in the basement of the New York Stock Exchange";[7][8] Charles Bergstresser was a silent partner.

Jones had met Dow while both had worked as fellow reporters in Providence, Rhode Island.

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