THE NEW YORK JOURNAL OF PHARMACY 



sending a representative by appointment, 

 with the membership appHcation, and 

 then change their minds. It is an amaz- 

 ing fact, that not one per cent, of our 

 college graduates, have the intelligent 

 initiative and courage, to fill out an ap- 

 plication form, and mail it to the secre- 

 tary. Of course we would be imbecile 

 not to understand, that all this is only 

 the result of suicidal professional in- 

 trigue, libel and blackmail. ''And so are 

 they all, all, honorable men." 



The executive committee of the Amer- 

 ican Medico-Pharmaceutical League 

 representing as it does, the allied med- 

 ical, dental and pharmaceutical industries 

 and professions of the country, feels 

 that it should receive the advice and en- 

 couragement from their representatives 

 that it is justly entitled to. There is no 

 denying the fact that most of the col- 

 leges, their alumni, and the various 

 journals and associations representing 

 them, have hitherto kept aloof from par- 

 ticipation in its labors, and it only hopes 

 that now all barriers will be removed, 

 and a new era of fraternalism and good- 

 will inaugurated. We hope that all such, 

 without further invitation, will send in 

 the names of delegates at their earliest 

 convenience, to represent them at the 

 17th annual convention, at the Hotel 

 Astor in New York City, on the evening 

 of May 25th, 1914. 



96 New Jersey Avenue. 



Organized 1897 



Incorporated 1902 



American medico PDarmaccufical Cwgue 



An Association of the Medical, 

 Dental and Pharmaceutical Professions of America. 



Pharmacists Admitted. Object: Co-operation. 



SAMUEL F. BROTHERS. Ph. G., M. D., 



Corresponding Secretary. 



96 New Jersey Avenue, BROOKLYN. N. Y. 



THE VITAL QUESTION OF 



PROFITS IN THE RETAIL 



DRUG BUSINESS. 



By Harry B. Alason, Ph.G. 



A lecture delivered at a meeting 



of the College of Pharmacy, 



held January 20th. 19 14. 



I have for fifteen years been observ- 

 ing the conditions under which drug- 

 gists do business ; I have visited them 

 frequently in their stores ; I have con- 

 ducted a large correspondence with 

 them; and the journal with which I am 

 connected has examined and commented 

 on hundreds of annual statements from 

 druggists. I have discovered, beyond 

 any question of doubt, that a lot of men 

 — the majority of men — simply do not 

 know how much money they are actual- 

 ly making, and have never taken the 

 trouble to find out with any accuracy. 

 There are hundreds of druggists in this 

 country to-day who are losing money on 

 their business and who will not discover 

 it until they are forced into bankruptcy. 

 There are thousands who, not deceived 

 to quite this extent, are not making any- 

 thing like so much money as they fancy ; 

 and every one of these men could work 

 a radical improvement in his business if 

 he only knew the facts and understood 

 the necessity of correcting his faults. 



Four Things Every Druggist Should 

 Know, 



Now there are a few things which it 

 is absolutely essential that every last 

 druggist should know about his business 

 if he wants to conduct it intelligently: 



1. He should know his percentage of 

 expense. 



2. He should know his percentage of 

 gross profit. 



