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ated. The Conference is a compact and repre- are undeniably better for the purposes above sentative body, speaks for all the various inter- indicated, and which are much cheaper. Take ests in pharmacy, and when we reach the point a well-known disinfectant by way of compariwhere all legislation affecting pharmacy is re- son. A pint of it costs 35 cents and makes 12 ferred to it we shall have taken a long step in gallons of diluted disinfectant. Carbolic acid, advance.
on the other hand, costs $2.00 a pint, and a pint makes only 3 gallons of diluted disin
fectant. THE RELATIVE VALUE OF CARBOLIC ACID.
Leaving out the question of cost entirely, the A traveling salesman was recently heard to
product in mind stands at 12, while carbolic say that in normal times carbolic acid was the
acid stands at 3, from the standpoint of effi"most universally misused of any drug on the
ciency. Carbolic acid may have been the best face of the earth."
available substance 20 years ago, but science is "Why, the average man out in the hazel
progressive, and we have developed better probrush has more faith in carbolic acid than he
ducts in the meantime. has in the Lord," continued the salesman. "He
There is still another point. Because of the calls on it to do all sorts of stunts. Farmers
frequency with which carbolic acid may be must frequently wonder why the druggist, found in the home, the barn, the shop, and so when he gets his labels printed, doesn't insist on, it is very often swallowed with suicidal inon the phrase, 'Good for man or beast.'” tent, and this almost invariably casts back onto
Exaggerated, of course; but nevertheless the druggist whose name appears on the bottrue to a degree. So much has appeared in tle's label a flare of unjust criticism and unprint extolling the virtues of carbolic acid as desirable publicity. True, this soon dies down a germicide and disinfectant that we are hardly and perhaps no permanent injury to the store's justified in blaming any one not versed in reputation is inflicted. But it's unpleasant. drugs for getting a wrong impression of its As the world grows older the amount of carrelative importance.
bolic acid sold over the counter must grow less But the recent advance of this product to ten with each succeeding year. Present high prices times its normal value has brought out in sharp will undoubtedly have much to do with bringcontrast a number of other substances which ing such a condition about.
ALL ABOUT THE HARRISON LAW.
The Harrison anti-narcotic act is being pretty vigorously enforced these days by the Federal authorities. A number of cases are pending in different cities at the present time, and there have been some severe convictions.
The great trouble is that most druggists are not posted on the infinite number of details concerning the law. And no wonder—there have been so many different rulings, regulations, and court decisions that the subject is one of great confusion.
The BULLETIN OF PHARMACY has just published a brochure covering every detail in simple and clear language, so that any druggist might know exactly what he has to do in order to stand right with the Federal authorities.
This is the first attempt made to deal comprehensively with the law and its interpretation by the courts and by the officers in Washington. The booklet is logically arranged, thoroughly classified, and so indexed that a man may find at once just what he wants.
Every copy is punched with a hole so that it may be hung up near the prescription desk for reading and consultation at any time.
We should be glad to send a copy post-paid for 25 cents to any reader of the BulLETIN OF PHARMACY.
DR. WILLIS G. GREGORY.
FREDERICK J. WULLING.
of the past. I hand it to you with this wish: Here is to the Gregory current. May it never be dammed. Long life to you, and, with length
of days, health and wisdom, honor and happiprominent in pharmaceutical affairs for many ness, and the sunshine which comes with the years. At the A. Ph. A. meeting held in De- ever-blessed heart of perennial youth.” troit in 1914 he was elected president of the Conference of Pharmaceutical Faculties. The new president will in every sense sustain
THE LATE FREDERICK H. WILSON. the traditions of the office. He will succeed William C. Alpers of Cleveland, Ohio, who
The death of Frederick H. Wilson, a promis president this year. A. Ph. A. officers are inent druggist and business man of Maine, ocelected a year ahead. .
curred at his home in Brunswick on December 4. He is survived by a wife and three children.
Mr. Wilson had long been active in Maine DINING DR. GREGORY.
pharmaceutical circles, having served a term Despite every facial and bodily evidence to as president of the State association and also the contrary, Dr. Willis G. Gregory has some- acting as one of the commissioners of pharhow managed to convince the members of the macy for several years. Faculty of the University of Buffalo that he Aside from his drug business Mr. Wilson has been serving for 25 years as dean of the was prominently identified with several other Department of Pharmacy. So they gave him enterprises. At his death he was president of a dinner the other night to celebrate the event, the First National Bank of Brunswick, and and something like 60 or 70 of the men most treasurer and general manager of the Pine prominent in Buffalo pharmacy, medicine, and Spring Water company.
AN AMBITIOUS CHINESE GIRL.
of Pharmacy, and it is stated that he did more
for that institution than any other one inan. Miss May Chang is said to be the first
It was through his influence that the Warren Chinese girl to come to this country to study
B. Potter Memorial Fund of $200,000 was sepharmacy, having entered the Brooklyn Col
cured. lege. Miss Chang is the daughter of Dr. J. D.
Early in his pharmaceutical career he beChang, of Shanghai, is a graduate of the Mc
came interested in gathering a collection of Intyre school of that city, and speaks English pharmacopeias. In 1908 his
library contained fluently.
275. A collection of more than 2500 volumes, Dr. Chang, her father, has practically retired
consisting of dispensatories, works on botany, from active practice, despite the fact that he is
pharmaceutical chemistry, etc., was presented one of the leading medical men of his country.
to the library of the Massachusetts College of He is the general manager of J. D. Chang &
Pharmacy. Co., and in charge of one of the up-to-date dis
Mr. Sheppard assisted materially in securpensaries in Shanghai. He was formerly man
ing a State act adequately protecting pharmager of the Shanghai Dispensary, the first modern institution of its kind to be established in China.
Miss Chang will take the regular course, after which she will return to her native country.
THE LATE S. A. D. SHEPPARD.
S. A. D. Sheppard's death, which occurred in December, is mourned not alone by an unusually large circle of friends, but by a great many who never enjoyed the pleasure of his acquaintance. For it is quite impossible to estimate the result of his life's work, or to measure the good which came, and is yet to come, out of it.
Mr. Sheppard was born in Manchester, Mass., in 1842. In 1858 he graduated from high school and then entered the employ of Browne & Price (now C. H. & J. Price) of Salem, Mass., where he received a thorough - practical training in pharmacy.
In 1868 he went to Boston and went into business for himself. He was unusually successful, despite his varied disinterested activities in behalf of pharmacy in general, and in spite of the fact that he held firmly to the higher traditions of the profession. In the beginning his business consisted largely of the filling of prescriptions and the catering to family trade, but as the city developed and the nature of the store's surroundings changed, the trade became to quite a degree transient and its volume increased many fold. The services of a number of clerks were required, and the store was kept open day and night.
A great many years ago Mr. Sheppard became interested in the Massachusetts College
acy, and was a member of the first Board of Pharmacy in the State of Massachusetts. He was also chosen president of the first State Association.
Three years after he had entered the drug business on his own responsibility, Mr. Sheppard joined the American Pharmaceutical Association. This was in 1865. After holding a number of other offices, he was made treasurer in 1886, a position he held 22 continuous years, until failing health compelled him to retire.
For many years he held positions on the boards of two of Boston's banks-a trustee of
1. Cash received from all sales and book accounts
6. Inventory of stock beginning of year
11 Gross profits
the Penny Savings Bank, and a director of the profits, however, do not show up satisfactorily.
, , South End National Bank. He was also active A little careful keying up of prices would do and prominent in local religious affairs.
this business no harm. The percentage of In 1907 the condition of Mr. Sheppard's gross profit is 30.5. Were this figure raised to health compelled him to relinquish all activity 33.5, through the process of charging a little that was in any way strenuous and seek the simplest modes of living, that his life might be prolonged. He was suffering from arterial sclerosis.
The end could be delayed, but not denied. Strict retirement undoubtedly lengthened his days, but meanwhile pharmacy was denied the services of an active worker and a wise counselor.
more for goods put out over the counter, the normal 10 per cent net would be realized.
There can be no criticism of the expense acPROFITS AND EARNINGS
count. The proprietor's salary has been included, and the total shows good management
in this particular. A CANADIAN STATEMENT.
Perhaps the subnormal showing in gross "Ontario's" showing is a trifle negative. He profits may be accounted for on the ground lost $16.35 during the year.
that "Chicago" has not moved up his selling The percentage of gross profit-34.6—is prices in keeping with advanced costs due to all that could be expected, possibly, but the trouble lies in the disproportionate expense account. Expressed in percentage, this is found to be 34.8.
AN OREGON STATEMENT. The proprietor has allowed himself a salary Here we have a good showing; an excellent
showing indeed. The percentage of net profit looms up at 17.2!
Gross profit is 41.7—and therein lies the secret, partly. “Oregon” gets good prices.
The expense, expressed in percentage, is 24.5, and the proprietor's salary has of course been included. This in itself is a good show
1 Cach received from all sales and book accounts
6. Insentor of stock beginning of year 7 Purihases dering car
Total roof , frhandise 9. leventy of stock end of year 10 Net cert of merchandise old during tar
11 Gross profits
1. Cash recensed from all sales and look accounts
6. lavenler of stock beginning of year
11. Gross profits
58 96.97 $ 346771
of $1600, and the total of all expenses is stated to be $3558.60. For a $10,000 business that yields only 34.6 per cent, the salary allowance is a trifle high; $1200 would be better. At any rate, some means must be devised to reduce expenses. A minus quantity as the result of a vear's business is not a very encouraging retrospect.
ing. When a store can get top figures for what is sold and at the same time keep expenses
down where they belong the net profit cannot A CHICAGO STATEMENT.
escape being satisfactory. Exactly 7 per cent, net, this man is making, Incidentally it might be stated that “Oreaccording to his statement. Not quite enough,
Not quite enough, gon” made out his own statement, 'way down it would seem; at least 3 per cent below what to percentages—and made it out right. He is the business ought to yield.
evidently a close student of modern business Expense is low-23.5 per cent. Gross methods.
George M. Schettler, owner of a group of prosperous drug F. L. Robbins, representing Parke, Davis & Co. in China, stores in Detroit, looks rather peeved at something, but the sends us this picture of a street scene in Mukden, with bazaars photographer didn't tell us what the trouble was.
on either side. Four Interesting Pictures.