W. C. Stone was born in Chicago, Illinois on May 4, 1902. His father died in 1905 leaving his family in debt. In 1908 he hawked newspapers on the South Side of Chicago, while his mother worked as a dressmaker. By 1915 he owned his own newsstand. In 1918 he moved toDetroit to sell casualty insurance for his mother.
Stone dropped out of high school to sell insurance full-time. He later received a diploma from the YMCA Central High School in Chicago. He later took courses at Detroit College of Law and Northwestern University.
Much of what is known about Stone comes from his autobiography The Success System That Never Fails. In that book, he tells of his early business life which started with the selling of newspapers in restaurants. At the time, this was a very novel thing to do, which deviated dramatically from the normal practice of young boys hawking newspapers on street corners….from Wiki