Henry K. Wampole

Digger Odell Publications 2007

HENRY K. WAMPOLE & CO., INC.

In a small building on Fourth St., near Arch, was started in the early 70s by the late Henry K. Wampole a druggists' outfitting business of modest proportions, but back of this business was such untiring, indomitable energy that its proportions so rapidly if creased that within a few years the location was successively changed to Vine street, to Market, to Fourth and Arch, to Second and Arch, and eventually to Green street, near Fifth, these changes being the result of always of a demand for larger quarters to accommodate the rapidly developing business. Changes too in the character of the business had been made, the outfitting giving way to a wholesale drug business.

When in the Spring of '78 Mr. Wampole was joined by Albert Koch, and the individual interest was succeeded by partnership, in which they were shortly afterward joined by S. Ross Campbell, attention was turned to the manufacture of standard pharmaceuticals in which work the new firm had the cooperation of Samuel Campbell, whose ability and striking personality was well remembered by the older members of the drug trade, and thenceforward the business assumed a still different character. The wholesale drug business was entirely abandoned, the attention of the firm being devoted to the manufacture of a fuller line of pharmaceutical products and a small line of specialties.

In 1880 they first offered to the medical profession the preparation of an Extract of Cod Liver, but as the idea of the presence of active alkaloids or leucomaine in cod livers was apparently new in medical literature the preparation was met by considerable skepticism until the leading chemical houses of the world wet finally able to isolate and offer for sale these active principles, whose value and efficiency have been s well demonstrated through the pioneer work of Henry K. Wampole & Co.

Some years ago the business was extended into Canada and, in 1905. a large and handsomely equipped laboratory was built at Perth, Ontario, from which place all the varied line of products now manufacture by the Philadelphia laboratory is offered to the medic-, profession and drug trade of Canada. In November 1906. the interests in the United States and Canada were incorporated, the former under the name of Henry K. Wampole & Co.. Incorporated, and the later under the name of Henry K. Wampole & Co.. Limited. The management of the laboratory work in both establishments is under the supervision of graduates of the Philadelphia College c Pharmacy. For years in Mexico the business of manufacturing their specialties has been carried on b Henry K. Wampole & Co., also under the supervision and active management of a graduate of the same college. In South America and Europe, in the Orient Australia. and in fact in almost every country of t1 world the name of Henry K. Wampole & Co. and t1 fame of their specialties are known for their therapeutic efficiency and pharmaceutical elegance, for which in its teachings, is largely responsible the Philadelphia College of Pharmacy.

The Wampole Defalcation.

Philadelphia, April 25, 1908

Charges of defalcation and misuse of his firm's funds, made when the body of Henry K. Wampole was found on September 8, 1906, in North River, New York. after his mysterious disappearance from a hotel in that city, were recalled this week when Albert J. Koch and S. Ross Campbell, his surviving partners, filed an answer in Court of Common Pleas. No. 5, in the suit of Henry S. Wampole, administrator of the Wampole estate, for a full accounting by Koch and Campbell. A brief history of the firm is given in the answer, telling how it was organized in 1886 for the manufacture of pharmaceutical and chemical products. It recites the interest of the partners to be as follows: Wampole $277,061; Koch, $402,640; Campbell, $292,157. It is admitted also that the business grew until it average about $-,500,000 annually. The answer further states that "by reason of the falsification of accounts and destruction of important books by Henry K. Wampole, the expert accountant has experienced great difficulty in compiling a correct statement."

In conclusion the answer states that a true and accurate accounting will show that the Wampole estate is indebted to the respondents in a sum exceeding $200,000 The court is therefore asked to dismiss the bill of complaint with costs.