Am'^Iayr'ifigrm'  )  Philadelphia  College  of  Pharmacy.  321 
deemed  wise  to  secure  amendments  to  the  charter  so  as  to  broaden 
its  scope  and  to  provide  for  all  of  the  various  branches  taught  in 
the  college. 
YVe  cannot  overlook  the  fact  that  we  are  approaching  our  hun- 
dredth anniversary.  Some  of  the  alumni  have  thought  it  prudent  to 
create  a  sustaining  fund,  and  have  arranged  to  begin  active  work  in 
that  direction.  Members  of  the  board  and  other  friends  are  using 
their  efforts  to  create  a  building  fund  of  sufficient  size  to  erect  new 
buildings  upon  a  proper  site  when  obtained.  Great  work  is  to  be 
accomplished  and  every  effort  must  be  put  forth  for  a  successful 
conclusion. 
Appreciation  is  expressed  for  the  active  cooperation  and  assist- 
ance rendered  by  the  faculty  during  one  of  the  most  trying  years 
that  the  college  has  ever  experienced  and  also  to  the  members  of  the 
board  of  trustees  for  their  most  earnest  and  active  support. 
Annual  Reports. 
Committee  on  Publication. — A  detailed  report  of  the  financial 
condition  and  of  the  circulation  of  the  American  Journal  of 
Pharmacy  was  presented,  likewise  an  estimated  budget  for  the 
year  1919-20.  The  circulation  of  the  Journal  was  very  materially 
increased  during  the  year  and  considerable  more  revenue  was  de- 
rived from  advertisements. 
Editor's  Report. — The  year  that  has  elapsed  since  the  last  annual 
meeting  of  the  college  and  the  prior  report  of  the  editor  has  been 
marked  by  the  occurrence  of  epochal  making  events  that  must  ulti- 
mately affect  the  readjustment  of  the  social  and  economic  status  of 
the  world  as  well  as  the  political  destinies  of  many  nations.  Phar- 
macy as  one  of  the  vocations  directly  associated  with  current  events, 
in  that  it  necessarily  serves  the  present  needs  of  the  people,  is  bound 
to  be  influenced  in  its  trade  and  practices  by  the  existing  unrest.  It 
becomes  thus  a  part  of  the  duty  of  pharmaceutical  journalism  to  in- 
fluence as  greatly  as  is  possible  the  events  affecting  pharmacists  and 
the  drug  trade  so  that  the  demoralizing  effects  of  governmental 
errors  and  popular  misunderstandings  may  be  minimized. 
The  sense  of  this  responsibility  has  impelled  your  editor  to  dis- 
cuss current  events  relating  to  pharmacy  in  the  editorial  columns. 
In  thus  deviating  from  what  had  become  almost  a  traditional  policy 
of  the  Journal,  his  judgment  based  upon  an  earnest  internal  de- 
liberation on  the  subject,  was  that  the  American  Journal  of 
