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Isaac W. Blood -- husband of Nettie
Thorne -- played an unusual but direct role in the founding of the
nation's giant Walgreens drug store chain,
and together Nettie and Isaac were listed in The Chicago Blue Book of prominent
householders in the Windy City.
In the late 1890s and early 1900s, Isaac owned two drug stores in Chicago, one in the Barrett Hotel at the corner of Cottage Grove and Bowen
Avenue, and the other at 4501 Lake Park Avenue, seen here. Over the years, he built a
substantial reputation and served as president of the Chicago Retail Druggists'
Association and as vice president of the Illinois Pharmaceutical
Association. In late 1898, Isaac hired a 25-year-old registered pharmacist and
Spanish-American War veteran who was put
to work in the Cottage Grove location and dreamed of someday owning the store
himself.
In June 1901,
the employee approached Blood with an offer, and they agreed on a purchase price,
which took seven years to pay. Driven by an entrepreneurial spirit and desire to
truly serve customers, the new owner -- Charles R. Walgreen -- went on to
revolutionize the pharmacy business. Walgreen expanded to 19 stores by 1916, and consolidated them under his brand name. Within
a quarter century, Walgreen had opened 100 stores. Today, Walgreen Co. and its
subsidiaries comprise the
nation's largest drugstore chain with sales of close to $60 billion and 237,000
employees, ranking among the Fortune 500. It's acknowledged as one of Fortune Magazine's "most admired companies."
Isaac's
name and store today are part of the cultural lore of Walgreen's
humble beginnings. He is mentioned in several histories, including the
1963 Never A Dull Day, authored by Myrtle R. ( Norton) Walgreen; Pharmacist to the Nation by Herman and Rick
Kogan; John U. Bacom's America's
Corner Store; and on
the company's website
and in alumni
association publications. An exact replica of the first store is displayed
in Chicago's Museum of Science and Industry
in an exhibit celebrating "Yesterday's Main Street."
Minerd.com extends is deep appreciation to the Walgreen Drug
Stores Historical
Foundation for providing this rare image and other historical publications
mentioning Isaac that have been added permanently to our Minerd.com Archives.
Copyright © 2009 Mark A. Miner
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