Word: inc
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Dates: during 1920-1929
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Shout Drug, Inc.! at the casual U. S. passerby and he will stare blankly, show no recognition. Yet Drug, Inc. products are familiar to almost every literate U. S. citizen. What do babies cry for but Fletcher's Castoria? What have physicians endorsed for 50 years but Phillips Milk of Magnesia? Of what should one accept no substitute but insist on the genuine but Bayer's Aspirin? What works while you sleep but Cascarets? These and many other household products belong to the Drug, Inc. family. So do 525 Liggett stores. So do 10,000 Rexall stores, which...
Last week Drug, Inc. announced the acquisition of Bristol-Myers Co. and 3-in-1 Oil Co. The Bristol-Myers addition put several more famed names in the Drug, Inc. family album. There is Sal Hepatica which clears the system promptly. There are Gastrogen Tablets, which relieve in digestion with none of the embarrassments of gas and rumbling. There is Ipana, the tooth paste you should use if you have Pink Tooth Brush. And, by a recent merger, there is Ingram 's, the cool shaving cream. Bristol-Myers showed a 1928 net income of $1,483,159 or with...
Comparable, in the drug field, to Stand ard Brands of General Foods in the food field. Drug, Inc. has back of it no J. P. Morgan, no E. F. Hutton. Its central name has been Louis K. Liggett, board chairman and founder of L. K. Liggett Co. and United Drug Co. Beginning his merchandising career as a traveling salesman for John Wanamaker, Mr. Liggett soon went into business for himself, making and selling headache powders that sold three for a quarter. The headache powders were not very successful, however, as people only had one headache at a time and were...
...prosperity came in the post-War deflation in which Mr. Liggett's company was threatened with insolvency. At this date, however, he had many a Rexall agent throughout the country and these Rexall agents, loyal, raised $1,500,000, helped him through the deflation period. Last year Drug, Inc. had a net income (11 months...
...first place, it will list the securities of real estate corporations. Thus, for instance, Benjamin Winter, Inc., potent Park Avenue realty house, might well issue 100,000 common shares, 100,000 preferred and $1,000,000 in bonds. To be sure, there is nothing to prevent Benjamin Winter, Inc., from doing such financing without any exchange. But with 250 potent real estate houses all offering stocks, bonds and other securities in a recognized exchange devoted exclusively to realtors, the market for Winter securities would be better than if the financing was undertaken as an isolated effort. Furthermore, the Exchange will...