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the official stationery; and such orders and prescriptions should be filed and preserved in the regular way.

of the plant,” states the paper, “that a war plot was at the bottom of the explosion.”




Merck & Co. state that it is now impossible The N. A. R. D. Executive to obtain Ichthyol. Efforts are being made, Committee met in Chicago however, to obtain authority from the German

in April, Eugene C. Brock- government to permit its exportation, and meyer, the new attorney and legislative corre

also permission from the British government spondent at Washington, being present. The to transport it to America. Chicago Retail Druggists' Association gave a dinner to the N. A. R. D. executives, the board

Theodore F. Meyer has retired as president of directors of the Chicago Wholesale Drug

of Meyer Bros. Drug Company, St. Louis, to Company also being asked to participate. be succeeded by his brother, Carl F. G. Meyer. President John J. Chwatal of the local asso

The retiring president has been at the head of ciation presided, and Julius Riemenschneider

the firm for a period of ten years. was toastmaster.



It is announced that the new Pharmacopoeia No more soap-bark foam at the soda foun

will become official September 1, 1916. The tain! "The addition of saponin to food mix- prices will be as follows: muslin, $3.00; bucktures which are sold for use in the place of

ram, $3.25; sheepskin, $3.50; flexible leather, white of eggs is regarded as constituting interleaved, $4.50. adulteration within the meaning of the Food and Drugs act," pronounces a recent government bulletin.

A decision rendered by the Supreme Court of Illinois has the legal effect of ousting from

their positions all the officers of the American Beginning with the next school year stu- Medical Association, according to the National dents in the Iowa College of Pharmacy will Druggist. be required to take a certain amount of military training. Second-year students will do

Milwaukee has a new city ordinance requirhospital corps work, in the belief that a phar- ing druggists to report the sale of antitoxins macist called to the colors would naturally be

and vaccines to the local department of health. detailed to that branch of the service.

The fifth annual convention of the Califor

nia Drug Clerks' Association will be held in Daily papers report that a teriffic explosion

Los Angeles on the third and fourth of July. occurred at the plant of the Abbott Alkaloidal Co., Chicago, on April 21. According to the Chicago Tribune, war material "let go”- The sixth annual convention of the National explosive compounds prepared for export Association of Drug Clerks will be held in trade. “Reports were current in the vicinity Chicago June 1 to 3.

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The June BULLETIN OF PHARMACY will contain something which we have had in mind for some time. In simple, understandable language we shall give in detail a complete system of bookkeeping for every druggist. It will cover the profit-and-loss accounting which we have discussed in the BULLETIN for so many years. It will also include the ordinary charge accounts against customers. It will touch on the troublesome cash-book. In fact, it will cover briefly every phase of bookkeeping of concern to the druggist, and will bind it all together in a very simple and direct manner. Don't miss this!

heavy burden of temptation on American EDITORIAL

manufacturers, for it offers the opportunity to ignore regular customers and supply the clam

oring foreign demand at greatly enhanced THE PAPER SITUATION.


Taken altogether, the situation is growing A short time ago a magazine having a na

more acute every day, and there seems to be tional circulation found at the last minute that

nothing to do but to pay whatever price is the supply of paper on which the issue was to

asked and feel fortunate if the order is filled be printed had not arrived. There had been

at all! a delay at the factory and the paper had not

It is from such experiences as these that the been shipped according to the terms of the con

people of the United States must learn the tract.

lesson of thrift. We are a wasteful nation, Over the wire it was learned that the delay priding ourselves on doing big things in an was unavoidable, but that shipment would be

offhand way.

This attitude is largely an made in a week. This meant a two weeks'

egotistical one, which we shall learn to our delay, possibly, for Eastern freight lines were

sorrow when our natural resources run low. badly choked.

We can all recall, doubtless, the day when it The magazine attempted to go in the market

was a common practice to save old papers and and buy the paper. Locally it couldn't get

sell them to the "rag man.” The Department enough for immediate use; and the price asked

of Commerce urges a return to this custom. was more than twice the figure at which the

Drug stores have a great deal of waste material company had contracted for a year's supply

of this character, and not infrequently a bonthe contract having been signed last September.

fire is made of it in the alley. It would be The experience of this magazine may serve

much more sensible to invest a few dollars in to typify, in a measure, the paper situation.

a baler and turn these daily accumulations into We are facing not merely a shortage, but a

a source of profit, besides doing a patriotic famine.

duty in this day of scarcity. In fact, the Secretary of the Department of

Otherwise your favorite drug journal and Commerce at Washington has issued a circu

magazine may have to suspend publication lar, with a request that it be posted in a con- before the war is over-or be printed on paper spicuous place, setting forth the situation

so common in quality as largely to ruin the briefly. It is stated that there is a “serious

pleasure of reading. shortage of raw material for the manufacture of paper, including rags and old papers.”

It seems strange that we should import rags MAKING A FRIEND OF THE DISPENSING and old paper from Europe, but that seems to

DOCTOR. have been the condition. Another case of Opportunity knocks but once, it is said. And American waste and improvidence !

right now it would seem that an opportunity The dye situation further complicates mat- confronts the drug trade which may never ters, when it comes to colored papers. Some

come again. dyes cannot be had at all, and others can be What is the one thing that handicaps the procured only at a heavy advance.

druggist most in the practice of his profession Then, too, there is the general advance as such? Is it not dispensing by the medical in chemicals to be considered, particularly profession? bleaches. Chlorine, for instance, is commonly There is no way of knowing how many employed: there is practically none to be had. thousands of dollars are in this manner One chemical in particular, which formerly diverted each year.

Were the amount stated could be bought for about $45 a ton, now com- in figures and the record flashed on the screen mands a price of $110 a ton.

before us there is no question that the showing And there has suddenly sprung up all over would be a stupendous one. Druggists all over the world an enormous demand for paper. the country are affected, and affected in a vital Manufacturers are literally swamped with or- way. ders, due to the inability of European paper- It is entirely useless to go into the past and makers to supply their customers.

This lays a

speculate on what the factors were which


brought this condition about. Beyond the EXPENSES AND PROFITS IN THE lessons it teaches, there is nothing in the past

GROCERY BUSINESS. that may be deemed of practical value. The Our readers are familiar with the activities condition exists; it is a reality; and we must of the Harvard Bureau of Business Research. either accept it as it is and try to make the Beginning originally with a study of profit best of it, or we must endeavor in some legiti- conditions in the retail shoe business, the mate manner to robit of a degree of its Bureau has since extended its operations to

include both the drug trade and the grocery The dispensing physician feels absolutely business. In the February BULLETIN we sure of his right to put up his own prescrip- printed an article from Dr. Martin in which tions, and he is quite likely to see red if we, on

it appeared that the Bureau's findings in the the other hand, assume an antagonistic attitude

drug business practically squared with our and go to heaving mud-balls. There is surely

own. nothing to be gained by pursuing such a

Turning now to the grocery situation, we course, and there is much that may be lost.

have found most interesting a recent brochure The druggist needs the coöperation of the physicians in his neighborhood.

published by the Bureau. The Harvard in

He cannot afford to have so potent a force arrayed

vestigators have discovered, for instance, that against him, if there is any way to prevent it.

in the retail grocery business the average gross One who has talked with many physicians is

profit is 21 per cent and the average expense impressed by the fact that, as a rule, doctors

16.5 per cent. In the drug business, as everydo not like to dispense. Putting up a bottle of

Putting up a bottle of body knows, the corresponding figures are apmedicine is more or less of a fussy operation, proximately 37 per cent and 24 per cent. Why and a really big, broad and busy practitioner

this great difference? can find better ways in which to employ his

Well, the grocer operates under conditions time. Keeping up stock is always a problem— quite different from those prevailing in a drug and keeping posted on prices a bigger job still!

store. He is selling daily necessities, and sellAnd it is in the latter connection that the

ing them faster. His rent is much less. His druggist, provided he has never displayed open

volume of business, on the other hand, is likely

to be much greater. enmity, now finds his golden opportunity dur

The result is that the grocer can get along ing this era of high prices. For it is absolutely impossible, under existing conditions, for a

with a smaller gross or net profit than the doctor to keep posted on costs. A little inves

druggist must obtain. If, for instance, his tigation would reveal the fact that thousands

average net profit is 5 per cent, and his volume of physicians are selling medicine at less than

is twice that of the druggist, he is doing nearly cost, and if they give it away they are doing so

as well even though the druggist's net profit at a constantly increasing expense.

may range between 10 and 15 per cent. Then, Why should not the druggist go to his

too, the grocer's stock turnover is at least physicians right now, and in a friendly, open

double that realized in the drug store. The minded way talk the situation over with them?

Harvard figures indicate that the grocer turns Why would it not be a good business move to over his stock seven times a year. The drugpoint out diplomatically the unusual hardships. gist is lucky if he has three turnovers annuand to offer to assume a part of the burden? ally.

It would. There has never been so favor- The grocer's rent is less. Dealing in daily able an opening, for there never has been a necessities and getting much of his business time when dispensing physicians were so mu over the telephone, he needn't locate his store and so thoroughly at sea in this particular; on an expensive corner, his salesroom may be never has been a time, perhaps, when they were

smaller and less attractive, and he can get so ready to “bunch the whole business," wipe along generally with much less in the way of the slate clean, and go to writing prescriptions. ostentation, investment, and expense of one

The war won't last forever; and when prices kind and another. There is less loss from become normal again the opportunity will have depreciation, and in a hundred respects the been lost.

economic situation with the grocer is quite Now is the time!

different from that facing the druggist.

probably be merely to lessen somewhat the PROFITS AND EARNINGS

depreciation charge.

There is still another reason why this

method is preferable. If the war should stop AN INTERESTING QUESTION.

to-morrow, prices will begin tumbling again, Ralph Broadbent, of Ionia, Michigan, an

and what would become of your enhanced occasional contributor to the BULLETIN, asks

inventory then? It is better to keep this quesa question which is embarrassing a good many

tion of depreciation and appreciation entirely people these days. It is with reference to the separate, and therefore not affected by temannual inventory, and it has to do with chem

porary fluctuations. icals which have greatly risen in price during the last year or two. Shall they be inventoried at the original cost or at their present value?

ABOUT PEOPLE If at the end of the year a regular asset and liability statement were being drawn up, and a balance sheet constructed, you would put all

DR. LYONS HONORED. of your stock in the inventory at the present

To have so impressed his time that men high market price. The principle here is clear.

in the councils of pharmacy welcome the Real estate frequently appreciates in value; opportunity to join in commemorating his 75th stocks go up; and when you draw up a balance

birthday—that is the record wrought by Dr. sheet at the end of the year you put your

A. B. Lyons of Detroit. An enviable record, property down at its present valuation to show indeed! what you are worth and to how great an extent The Detroit Branch of the A. Ph. A. tenyour assets have increased during the past year.

But the situation isn't quite so clear when we come to the use of inventory figures in the profit-and-loss form drawn up by the BULLETin for the use of its readers. Take any one of the statements reproduced this month, for instance, and, looking at item 9, it will be seen rig!ıt away that if you inventory the stock at any greatly increased valuation, you will upset the accuracy of item 10.

Do you see the point?

By increasing the amount of item 9, you will decrease the amount of item 10, and you will, therefore, fail to arrive accurately at the cost of merchandise sold during the year. This in turn would give you an artificial profit for the year, when you had subtracted the cost of merchandise from the total sales.

We would suggest, therefore, that in drawing up this profit-and-loss statement you follow a somewhat different method. Put down dered its tribute, and congratulatory letters the inventory figures at the original cost price, were received from President Alpers, Secreand then credit the expense account with any tary Day, and Treasurer Whelpley of the parappreciation in value that may have taken place ent organization; also from Eugene G. Eberle, during the year. Is this perfectly clear? You editor of the Journal of the A. Ph. A., Prof. understand that you always charge depreci- Joseph P. Remington, Prof. J. M. Gould, and ation in stock to the expense account: if, on others. the other hand, the stock has appreciated, the The event was celebrated in a quiet way expense account should be accordingly credited April 1, Dr. Lyons's home being fittingly with the amount. The practical result would decorated in honor of the occasion.



DEATH OF MRS. JOSEPH HELFMAN. · Joseph Helfman, known to thousands of

THE SAUNTERER druggists throughout the United States as the former editor for many years of the BULLETIN OF PHARMACY, and now a prominent execu

I dislike to be patronized. Consequently the tive in the house of Parke, Davis & Co., suf- manner in which I was approached by the manfered the loss of his wife early in April. Mrs. ager of a certain chain store failed to make a Helfman had spent the winter with her two hit with me the other night when I went into daughters in California, and Mr. Helfman the establishment with the intention of purhad gone out to the coast to bring his family chasing a tube of shaving soap. back. On the return trip Mrs. Helfman was The manager in question is not very oldattacked by pneumonia in Salt Lake City, he has not voted for more than two Presidents where a short stop had been made with friends. -So when he came to me with “What can I The best of medical and nursing skill was at do for you, my good man?” I didn't like it. once called into service, but it availed nothing, Not that I wish to seem more dignified than Í and Mrs. Helfman died within a few days. am. Indeed, I rather pride myself on my good

Mrs. Helfman was a woman of an unusual fellowship. It was his air of conscious sudegree of cultivation, and she spent herself periority which grated on my ears like the freely in the interests of her husband and shifting of gears in a 1910 one-lunged 'bus. daughters. Caring nothing for ostentation, and His manner jarred me so that I told him I finding her greatest joy in the happiness of her was waiting for a trolley car and proceeded family, she will be missed as few mothers are up the street to another store. At the second missed. The atmosphere of the Helfman home store the clerk greeted me with a pleasant was ideal, and the children had the benefit of a "Good evening" and waited until I made training in deportment and in intellect which known my wants. has made them exceptional in every respect. Later I made a few inquiries concerning the Miriam is 14 years and Josephine 12.

supercilious manager, and found that he had

risen to his present position in a comparatively DEATH OF MRS. DAY.

short time. The concern for which he worked

employs a promotion system based on succesProfessor Wm. B. Day, Dean of the Uni

sion, and as the two men ahead of him had versity of Illinois College of Pharmacy, and

left the store's service within a short time of General Secretary of the American Pharma

each other, the present incumbent had been ceutical Association, has recently had the mis

boosted from junior clerk to manager in a fortune to lose his wife by death. Mrs. Day period of only four months. accompanied her husband quite recently to the

The rapid rise had proved too much for him. meetings of the A. Ph. A., and endeared her

He could see only his own importance and self to the entire membership. Quiet and

considered that he was conferring a favor unostentatious in demeanor, she was a woman

when he waited on a customer. At least, that ly woman in every sense of the phrase. At the

was the way it struck me. time of her death she was Treasurer of the

The question of the proper greeting to acWoman's Section of the A. Ph. A. Two

cord a customer is, of course, a debatable one, daughters survive her-Helen, aged 19 years,

and the manager may have considered that he and Charlotte, aged 17.

was creating a friend for the store when he

came at me so familiarly. But were I to be Governor McCall, of Massachusetts, has re- behind a counter once more, I shouldn't atnewed the recommendation that the State

tempt any such attitude toward the people who Board of Registration in Pharmacy be consol- were supporting me. idated with six other registration boards. In- Instead, I should endeavor to call all cusstead of seven distinct and separate boards- tomers by name if I knew them. If not, I dentistry, embalming, medicine, pharmacy, should address them as "Sir," "Madam" or nurses, optometry, and veterinary medicine- "Miss." There would be no “Mister," "Lady," the governor, as a measure of economy, would “My boy,” “Old fellow” and the like. have one general body.

I dislike to be patronized.

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