The Wichita daily eagle. [volume] (Wichita, Kan.) 1890-1906, 1903-09-20
WHOLESALE DRUG
HOUSE IS ASSURED
Company Has Leased RoetzeI
Building for FIVE Years.
TOCAPITALIZE AT 100000
Will Begin Operation in Three
Months.

That Wichita VIII have another large
wholesale drug concern, incorporated at
s2a8.95o, located IN this city and ready to
begin business in the course Of the next
three months. is now an assured fact
Nearly all Of the stock has been sub
scribed, a charter has been applied for
and is expected TO arrive in this city
during the first part Of this week, ar
rangements have been made for the heads
of the various departments, and the
cornpanv has taken a five-year lease on
the Roetzel building which is being con-
str,ctaa on West Douglas avenue on the
lots formerly occupied by the Schwartz
Coal company.
The RoetzeI building will be completed
IN the next six weeks or two months, and
as soon. as it is finished it win be turned
over TO the drug company. The stock
viii then be placed in the building at
once and the company viii be ready 10
begin business by January l, if not soon
er.
In the application for a charter the
coronanv asked TO be incorporated at
500 900, but the paid up stock will be
$50 900. The reason they asked to be IN
corporated at $4,000 more than they in
tend TO place in the business at the pres
ent tine. is that they may desire TO con-
struct their own building at some time
in the future or to increase their ousl-
ness. Practically all Of the money that
is needed according to the present plans
has been subscribed. It was the plan OF
the promoters Of the company to have
the stock taken UP chiefly by druggists
rs they would better understand the
business. The Wichita directors of the
conDanv are: @. Gehring, the chief pro-
uoter. who will take an active part in
the managing Of the company; Roy f.
Allen. F. Henrion, Willis Davis and o.
G. Eckstein Many Wichita druggists
ere stockholders in varying amounts. OF
the out Of town druggists who are inter
ested in the company. J. W. Cookson OF
bzng1nan, Kan, will be the biggest stock
holder. He is in the banking and drug
business in Kingman. but viii close out
his drug store and come to this city 10
live. as he viii assist Mr.. Gehring in
the management Of the company.
The new company had thought Of in
ducing some one tc erect building for
them in the east end, but had an oppor-
tunitv to secure a long lease on the Rect
eel building and considered that it would
answer their purpose exactly, and at
the same time would enable them TO be-
gin their business several months sooner
than # they waited till a new building
was constructed. The Roetzel building is
g. by 13l feet ard has three doors and
& basement. finished with cement floors
and walls. making over 80 900 feet of floor
space. The building faces on the avenue,
is within fifty yards Of the Missouri Pa
cifc depot. has switch tracks on both
sides and an alley on one side and in the
rear which may be used for wagons
which are to be loaded and unloaded.
The company IS only waiting for its
charter before it begins the actual work
of securing the stock for the wholesale
house. Arrangements have already been
made for practical wholesale drug men
from Chicago to take charge Of the vari-
Gus lines. and the entire sl5a000 stock will
be used in purchasing goods. Oils. paints
drugs. glass and all drug store supplies
viii be handled. but a specially viii be
made of druggists sundries. The new
company expects t. start eight or ten
men on the road 70 begin with and VIII
Increase the number as fast as it pays
The men who have gene into the enter
prise have great confidence in Wichita as
a great jobbing point and believe that the
new drug company VIII be a paying prop
osition. even during the first year. Mr.
Gehring said yesterday:
Those who have taken stock in the
company believe that an investment in 4
good wholesale store in Wichita Is an ex-
cellent one. as the city is rapidly becom-
ing great distributing point for the
southwest The retailers have learned
that they can buy goods as cheap in
Wichita. and receive them much quicker
than by sending farther east The people
IN the large wholesale district accessible
to Wichita have confidence in n job
binc houses Of this city. and re win also
have the advantaEe Of entering a COM
psrativoly new fold when our wholesale
drug house begins operations.