Newswork is highly addictive. It is the cocaine of crafts.
WILLIAM F. KERBY, former chairman, Dow Jones & Company
THE WINDS OF CHANGE started blowing at The Wall Street Journal during World War II. Still further changes were made after Barney Kilgore became president of Dow Jones & Company in 1945. Kilgore is generally credited with putting more creative energy into the paper's development than anyone since Clarence Barron.
Kilgore was born on November 9, 1908, in Albany, Indiana. In 1925 he entered DePauw University, where he studied economics, became editor of the college paper, and earned a Phi Beta Kappa key. After graduating in 1929 he wrote to Kenneth C. Hogate, general manager of The Wall Street Journal, and asked him for a job. Hogate, a fellow alumnus, was influenced partly by the DePauw letterhead but mainly by Kilgore's credentials. He offered him a job at a starting salary of $45 a week.
Kilgore went to work in September, 1929, the day the stock market hit an all-time high. Two weeks later he was assigned as a rewrite man on the copy desk of the thriving Journal. Within another two weeks the stock market crash ushered in the Great Depression.
Kilgore was eventually sent to San Francisco to work for the Journal's Pacific Cost edition. His talent for transforming difficult finan-