The Wichita daily eagle. [volume] (Wichita, Kan.) 1890-1906, 1901-02-03
It IS INCORPORATED
Potts Wholesale Drug Firms
Capital Is 100000.
OFFICERS ARE SELECTED
Company Plans to Enlarge
Their Trade Territory.

The C. E. Potts Drug company Of this
city was incorporated yesterday with q
capital OF $4,000. TO transact q general
wholesale drug business. The fncorpor-
ators are Charles E. Potts, c. a. Engle-
hart, ". E. Bailey, r. E Evans and F.
Redaeld, who together with four Of the
firms travelling men have practically
taken the entire stock.
The capital stock is issued IN shares Of
$500 each and most Of the amount has
been paid in. The directors Of the new
corporation consist Of the five incorpora-
tors with the following elected officers:
c. E Potts. president; ". z. Bailey.
vice president; F. E. Evans, secretary,
and r Reddeld, treasurer. All Of the
parties interested in the new concern
have been connected with the old firm
almost since its foundation here eleven
years ago.
The C. f. Potts Drug company is
monument of what pluck and energy,
coupled with a degree Of good fortune win
accomplish; it further evinces what may
be accomplished in this section Of the
country when the promoter of an enter
prise is imbue9 with a spirit of up-to-
dateness and determination to succeed.
Eleven years ago Mr. Potts came TO
Wichita almost an entire stranger and
started what was then unknown here, a
wholesale drug house. From the start
the concern. Of which he was at the
head and sole proprietor, has grown until
today it stands one Of the foremost
wholesale drug houses not only in the
state OF Kansas. out over the entire
southwestern part Of this section. The
concern has assisted with the other in
dustries Of this city. IN making Wichita
the leading wholesale center of Kansas
and Oklahoma.
When Mr. Potts came here from Cincin-
natl, he opened a concern in the Whitlock
block and fitted it out with a stock %
perhaps some $4,000. He worked hard
TO bring about success and to draw trade
to Wichita. A great part Of his success
Mr. Potts attributes to the corps Of com
petent men he has had about him to as
sist in the transaction Of the business.
Each successive year added strength to
the life Of the concern and this fact gave
encourag cement, not only to the proprietor
but to his faithful employees as well.
One year ago last October. the present
home of the c. E. Potts Drug Co. on
Santa Fe avenue was completed and the
concern moved to its new quarters. Since
then the business has been doubled to
such an extent that Mr.. Potts, who until
now has been the sole proprietor. con-
cluded that it would be decidedly advan-
tageous to form a corporation and then
redoubIe the eqorts TO branch out into
new territory. Mr.. Potts stated yester-
day that looking over his accounts for
January, of this year. and making a COM
parison for the corresponding month Of
last year he finds that during last month
his business has increased at least thirty
per cent over January, 1900.
''The stock Of the new corporation
said Mr. Potts. will be kept right here
within the family. That is none Of it
VIII be for sale to parties who are not
connected with the business at present
Most Of the capital stock has already
been disposed Of and some OF my employ
IS have made application for enough to
sell out the balance. We viii begin at
once an active compaign to extend our
business not only in this state but like
wise in Oklahoma and through the entire
southwest"
or Mr.. Potts It may be said that ne
has been born and reared in the drug
business. His father was one
the old time druggists Of Cincinnati and
he himself has followed that line for the
past forty years, of which twenty-five
years have been spent as wholesale
merchant The present building Of the
concern is modern in every particular,
and covers over 5000 feet Of floor space,
every inch Of which IS covered with
stock The building IS one If the finest
wholesale drug establishments IN this
country. It is q four story structure and
freproof throughout. The ceiling have
sprinkling attachments which work auto
matically in case Of FIRE. Il is also
equipped with a modern electric elevator
and a freprof laboratory.