PARKE, DAVIS & CO.
McDougal Ave.
Hervey C. Parke President; George S. Davis, Secretary and Treasurer; Manufacturing
Chemists and Importers and Dealers in Crude
Vegetable Drugs; laboratories and General Offices, Detroit, Mich. Guoin and Atwater
streets, Joseph Campau and McDougall avenues: New York Offices, 60 Maiden Lane
and 21 Liberty Street. — This manufacturing establishment began as a co-partnership in
May, 1867, upon a small scale as compared with its present dimensions, and, until its
removal to its present site, (the blocks bounded by Atwater and Wight streets, and
McDougall and Joseph Campau avenues), occupied rather modest quarters at the corner
of Cass and Henry streets. In 1873 the firm was incorporated under the name of Parke,
Davis & Company, beginning with a capital stock of $125.000, which the expansion of
its business has required to be successively increased until it now amounts to $1,000,000.
In 1874 the present site was first occupied with a more pretentious building than the one
on Henry Street, and the need of greater facilities to meet the demands of its constantly
increasing patronage has enforced repealed additions until now the establishment presents a frontage of 850 feet of an average depth of 50 feet; besides which may be
mentioned the three story 65x180 feet building on the corner of Fourth and Abbott streets,
where its empty capsules are manufactured, and the four story buildings at 60 Maiden
Lane and 21 Liberty Street. New York City, where its eastern branch is located. The
company has recently erected a handsome and spacious office building, 60x100 and four
stories high, which is devoted solely to offices and shipping purposes. Upon the first
floor is carried a large stock of all the products of the laboratory in packages ready for
shipment, and in another part of the same floor the tucking and shipping is conducted.
The second floor is entirely devoted to office purposes, including counting-room and business offices. The third floor also contains numerous offices and rooms for storage of
circulars, supply of lists and other printed matter, besides stationery and the fourth
floor is utilized" for general storage purposes. The company gives employment to 430
highly skilled employees in the manufacture of standard medicinal products, fine pharmaceutical preparations, fine chemicals, digestive ferments, pressed herbs, etc.. in
addition to which is a force of 130 employed at the empty capsule works, besides about 30
clerks in its New York offices,
As importers and dealers in crude drugs the company is, without doubt, unequaled
in the United States. This branch of its business originated in the importation of drugs
for its own use. but it is now an extensive distributor of crude drugs in original packages.
For the successful conduct of this part of its business, which is carried on exclusively
through its New York office, the company has established its own purchasing agencies at
the various sources of supply in order that the gathering, curing, and packing may be
under its directions and management, and that it may have complete supplies of the "best
quality always at Its command.
Parke, Davis & Company has made a specialty of the therapeutic and physiological
investigation of new drugs, the results of which are published in the form of "working
bulletins" which give the scientific name, synonyms, definition, natural order, botanical
origin, history, commerce, production, cultivation, description, microscopical structure,
chemical composition, medicinal uses, adulteration, and substitutions, pharmaceutical
preparations and doses, antagonists , synergist's, physiological action,
therapeutic properties, toxicology and antidotes. In the prosecution of these investigations much money is expended in securing supplies of the new drugs, experimenting as
to the best form of preparations they are susceptible of, furnishing free to the profession
samples for clinical test, with accompanying literature giving such information concerning each drug as is already available. The effect of this work Is to retire as worthless
many drugs which seemed to claim the attention of experimentalist's, and to bring forward many of now acknowledged
importance.
In addition to its works in this city, the company, in order to accommodate the growing demand for its preparations in Canada have erected at Walkerville, Ont, a laboratory
from which it is enabled to supply its products of Canadian manufacture. The business
of the company extends all over the world, necessitating the establishment of agencies in
London. Eng.; Berlin and Rotok. Germany; Geneva, Switzerland; Para, Brazil;
Sydney. Australia; Auckland. N. Z.; Havana. Culm; Honolulu,the city of Mexico
and in Caracas, Venezuela. In order to facilitate their importing business, the company
maintain the offices before mentioned, at 60 Maiden Lane, N. Y., and a large warehouse
at 21 Liberty Street, in that city.
In connection with the laboratory is a publication department from which is issued,
"The Therapeutic Gazette," enjoying the largest bone fide circulation of any medical
journal in the world — over 11.000 — and edited by H.C. Wood. M. D.. and Robert
Meade Smith, M. D., of Philadelphia. Pa.; the " Medical Age." edited by John J. Mulheron. M. D.; "The American
Lancet," edited by Dr. Laretus Connor; the
"Medical Index." edited by John S. Billings, Surgeon of. S. A., of Washington. D. C.
and the "Druggists' Bulletin." a pharmaceutical publication. Besides these regular
publications, there are innumerable price lists, pamphlets, " Working Bulletins," label*,
etc., etc., the printing and binding of all of which require a force of over thirty
employees, four large cylinder presses, four label presses and other machinery in comparison.
It would be impossible to enumerate within the limit assigned to this article, the
various branches with its attendant details, class of preparations and the special manufactures of this company, but when it is
considered that its products cover almost the
entire field of medicinal preparations, that many of these cost several dollars per
ounce, and that they are manufactured by the ton and are applied to all countries by
this firm a faint idea can be arrived at of the extent and importance of this great manufacturing industry.
A very large business is involved in the side of capsules, both empty and filled, the
firm having turned its attention to this method of administering nauseous drugs, which
has steadily increased in favor since the introduction of empty capsules and since the
manufacture of soluble capsules has ceased to be a secret. In facilities for
shipments by rail or water the company is most advantageously located. The transit railroad tracks parallel with the
laboratory, and its large water front afford every opportunity for handling and shipment by water or rail.
Business with the druggists and drug
doctors of the country is aided by the services of twenty-seven active commercial travelers
of large experience and wide acquaintance. That the trade of this establishment, great
as it is. has not yet attained its maximum is evidenced by the fact that it is still
constantly increasing. The company controls the water front and the large lot opposite the railroad track from their present premises, where it contemplates the
erection of a number of additional buildings in order to add to its already unequaled
facilities.
The prosperity of this house has not been attained by any accidental means. Great
enterprises like that of Parke. Davis & Co.. arc not built up without the aid of good
judgment, a thorough knowledge of the details of business, and devoted, close and conscientious adherence to the highest principles of propriety and integrity. These
requisites for commanding success have been supplied by the energy, industry, enterprise and
sagacity of Messrs. Hervey C. Parke and George S. Davis, who, from the inception of
the business have the active principals of the firm. Under their determined efforts
,and careful supervision, this vast manufacturing establishment has built up to a
position which commands the admiration of interested in industrial and commercial
progress.
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