286  EDITORIAL. 
a  law,  because  where  a  man  assumes  this  proprietory  relationship  to  an 
article,  he  claims  an  advantage  over  those  who  don't  see  proper  to  take 
that  course,  and  he  should  be  willing  to  pay  for  the  privilege.  Finally. 
the  commission  recommend  that  the  present  law  relative  to  proprie- 
tory stamps  be  so  changed  and  amended,  that  every  ten  cents  value  on  a 
medicine  or  article  shall  require  a  one  cent  stamp.  So  that  a  dollar  article 
which  now  requires  a  four  cent  stamp,  will  need  a  ten  cent  stamp.  But 
the  stampable  value  of  the  article  must  be  its  retail  price,  as  fixed 
by  the  maker,  and  this  gives  the  maker  the  power  to  increase^the  price 
to  meet  the  tax  if  he  chooses.  For  ten  cent  articles  the  tax  operates 
more  justly  than  the  present  one  ;  but  it  may  be  doubted  whether  this 
tax  should  be  laid,  in  justice  to  manufacturers,  if  the  tax  on  alcohol  is 
not  reduced.  The  reason  for  raising  the  stamp  tax  to  ten  per  cent,  is 
to  reverse  the  unjust  discrimination  which  now  exists  against  legitimate 
Pharmacy,  by  making  it  greater  than  the  manufacturer's  tax  instead  of 
less,  as  it  now  stands. 
Second  Annual  Report  and  Proceedings  of  the  Alumni  Association  of  the 
Philadelphia  College  of  Pharmacy,  containing  also  the  Valedictory  Ad- 
dress delivered  to  the  Graduating  Class  of  1866,  by  Wm.  Procter,  Jr  , 
Professor  of  Pharmacy  in  the  College.  Philada.,  1866. 
This  is  a  neatly  printed  pamphlet  of  forty  pages,  edited  by  the  Secretary 
of  the  Alumni,  Mr.  William  C.  Bakes. 
The  Association  met  on  the  afternoon  of  the  16th  of  March.  In  the 
absence  of  the  President,  Vice-President  Ferris  Bringhurst  took  the  chair. 
The  Annual  Report  of  the  Secretary  was  then  read  and  adopted.  Fifteen 
gentlemen  were  elected  members  by  ballot ;  a  committee  to  nominate  officers 
appointed  ;  also  a  committee  in  reference  to  the  resignation  of  Professor 
Procter  ;  the  Treasurer's  report  read  and  referred  to  an  auditing  committee, 
when  the  Association  adjourned  until  the  17th. 
March  17th.  President,  T.  S.  Wiegand  in  the  chair.  The  Committee  on 
Nominations  reported  the  names  of  T.  S  Wiegand  for  President,  Chas.  L. 
Eberle  and  Ferris  Bringhurst  for  Vice-Presidents,  Wm.  C.  Bakes  for  Secre- 
tary, Adolph  W.  Miller  for  Corresponding  Secretary,  Alfred  Mellor  for 
Treasurer,  and  Messrs.  F.  Gutekunst,  Henry  Bower,  Jos.  C.  Kirkbride, 
H.  N.  Rittenhouse,  E.  C.  Jones  and  A.  Blair  as  the  Executive  Board.  The 
President  then  read  his  address,  which  we  have  not  space  for.  Several 
original  communications  were  then  read  on  scientific  subjects,  followed  by 
discussions,  particularly  in  reference  to  Wax  in  Cerates.  The  Committee 
appointed  relative  to  the  resignation  of  the  Professor  of  Pharmacy  in  the 
College  reported  a  preamble  and  resolutions,  which  were  unanimously 
adopted  and  an  engrossed  copy  directed  to  be  presented  to  Prof.  Procter. 
The  Auditing  Committee  reported  that  the  Treasurer's  Account  was 
correct.  The  Secretary  was  instructed  to  edit  and  publish  the  proceed- 
ings, when  the  meeting  adjourned. 
