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The day book. (Chicago, Ill.) 1911-1917, October 28, 1915, LAST EDITION, Image 8

Image and text provided by University of Illinois at Urbana-Champaign Library, Urbana, IL

Persistent link: http://chroniclingamerica.loc.gov/lccn/sn83045487/1915-10-28/ed-1/seq-8/

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MEDICINE PRICES BEYOND REACH OF POOR
SPECULATORS CORNER DRUGS
New York, Oct 28. "Let the
babies die we must have -profit!"
That is the pleasant and humaniz
ing battle cry thatha"s4een raised by
America's speculators in medicine
the men who are cornering the drug
supply of the nation and blaming
high prices on the European war!
They are buying up all the medi
cines available and holding them for
higher prices for the time when the
rich feel the need of them and only
the rich can buy.
Quinine costs five timed as muoh
today as it did a month ago and
there are 160,000 ounces of quinine In
New York a year's supply.
The quinine gamblers have made
half a million have Increased the
price tenfold since the war sfarted
and predict $5 quinine before anoth
er year!
The leaves from which camomile
tea is made have jumped 35 cents a
pound, horehound has more than
doubled in price, as have also the
crude oils from which cod liver oil is
made.
Carbolic add, which waa 38 cents
one year ago, costs $1.70 today and
bromides have leaped in the same pe
riod from 67 cents to $3.25.
Peroxide of hydrogen was Jess than
$17 per gross of pound bottles on
September 1. Today the price is $21.
Manna, an Italian product, has jump
ed in a little more than a month from
80 cents a pound to $1.05, and gly
cerine, which sold for 25 cents a
pound last month, is now hovering
around 60 cents.
Not ALL the higher prices are due
to speculation. The war started it
and the war gave the speculators the
hunch on how they could make mil
lions. Europe produces normally 75 per
cent of the medicines used in Amer
ica. ,The British blockade of Ger
many has stopped
shipments. But Europe's production
has been greatly curtailed, and Eu
rope's demand has been greatly in
creased. Some drugs have even
been sought by Europeans in Amer
ica, according to P. E. Anderson, head
of one of the biggest drug importing
firms.
Uutold suffering already has been
inflicted on scores of families in this
and every other American city's tene
ments. Physicians predict that un
less the drug famine Is broken hun
dreds Of mothers and babies will be
doomed to death.
One hope lies in the chance that
American government scientists, now
working on the problem in Washing
ton, can find a way of supplying these
drugs that the speculators cannot
corner!
NEW MOVE TO INDUCE BUYING
OF CITY BONDS
Another inducement is offered to
small investors to purchase city
bonds by Comptroller Eugene Pike.
Yesterday the mayor signed an or
dinance planned and fostered by Pike
which will permit bonds of small de
nomination to be cashed by the city
treasurer whenever the bondholders
want their money bacfc.
This is a feature which few other
cities have and is expected to double
the Bale of bonds of small denomi
nation to the citizens.
"We are prepared to cash bonds in
amounts up to $1,000," said Pike to
day. "Suppose a moderately fixed
family is visited by sickness or some
other misfortune. They now can af
ford to purchase these bonds because
they can turn them in for cash when
ever they wish. We pay 5 per cent
interest so it will be a profitable move
for them to purchase an interest in
their city."
o o
Charity that seeks the limelight ia
many of these mere mveatment In advertising. j
s s S W c., ,o u;-cc?Trc-t,r,etcc-rin.x i

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