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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 night 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.
prominent in pharmaceutical affairs for many years. At the A. Ph. A. meeting held in Detroit in 1914 he was elected president of the Conference of Pharmaceutical Faculties.
The new president will in every sense sustain the traditions of the office. He will succeed William C. Alpers of Cleveland, Ohio, who is president this year. A. Ph. A. officers are elected a year ahead.
DINING DR. GREGORY.
Despite every facial and bodily evidence to the contrary, Dr. Willis G. Gregory has somehow managed to convince the members of the Faculty of the University of Buffalo that he has been serving for 25 years as dean of the Department of Pharmacy. So they gave him a dinner the other night to celebrate the event, and something like 60 or 70 of the men most prominent in Buffalo pharmacy, medicine, and
THE LATE FREDERICK H. WILSON. The death of Frederick H. Wilson, a prominent druggist and business man of Maine, occurred 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 pharmaceutical circles, having served a term as president of the State association and also acting as one of the commissioners of pharmacy for several years.
Aside from his drug business Mr. Wilson was prominently identified with several other enterprises. At his death he was president of the First National Bank of Brunswick, and treasurer and general manager of the Pine Spring Water company.
AN AMBITIOUS CHINESE GIRL.
Miss May Chang is said to be the first Chinese girl to come to this country to study pharmacy, having entered the Brooklyn College. Miss Chang is the daughter of Dr. J. D. Chang, of Shanghai, is a graduate of the McIntyre school of that city, and speaks English fluently.
Dr. Chang, her father, has practically retired from active practice, despite the fact that he is one of the leading medical men of his country. He is the general manager of J. D. Chang & Co., and in charge of one of the up-to-date dispensaries in Shanghai. He was formerly manager 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.
of Pharmacy, and it is stated that he did more for that institution than any other one inan. It was through his influence that the Warren B. Potter Memorial Fund of $200,000 was secured.
Early in his pharmaceutical career he became interested in gathering a collection of pharmacopeias. In 1908 his library contained 275. A collection of more than 2500 volumes, consisting of dispensatories, works on botany, pharmaceutical chemistry, etc., was presented to the library of the Massachusetts College of Pharmacy.
Mr. Sheppard assisted materially in securing a State act adequately protecting pharm
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 activi- acy, and was a member of the first Board of ties in behalf of pharmacy in general, and in Pharmacy in the State of Massachusetts. He spite of the fact that he held firmly to the was also chosen president of the first State Ashigher traditions of the profession. In the be- sociation. ginning his business consisted largely of the Three years after he had entered the drug filling of prescriptions and the catering to business on his own responsibility, Mr. Shepfamily trade, but as the city developed and the pard joined the American Pharmaceutical Asnature of the store's surroundings changed, the sociation. This was in 1865. After holding trade became to quite a degree transient and a number of other offices, he was made treasits volume increased many fold. The services urer in 1886, a position he held 22 continuous of a number of clerks were required, and the years, until failing health compelled him to restore was kept open day and night.
tire. A great many years ago Mr. Sheppard be- For many years he held positions on the came interested in the Massachusetts College 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
Total cost of merchandise
11 Gross profits
$ 8830.52 $ 5795.77 $_3034.75
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
38:53 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
the war. trouble lies in the disproportionate expense account. Expressed in percentage, this is found
AN OREGON STATEMENT. to be 34.8. 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 Cash receised from all sales and book accons
6. Inventory of stock beginning of year 7 Purchases during year & Toua out of merchandise 9. lenty of stock end of year 10. Net toe of merchandise sold during year..
11 Gross proft
1. Cash freessed from all sales and book accounts
6. løventers of stock beginning of year
11 Gross profits
$5896.97 $ 3467.71 $ 2429,26 $
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 year'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, 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.