Carnegie Sargent’s is the offspring of two of Chicago’s oldest pharmacies: Sargent’s Drug Store, established in 1852 and John F. Carnegie Drug, founded in 1888.
Sargent’s Drug Store, which had its flagship store in downtown Chicago at the Marshall Field building for many, many years, got its start when Ezekiel H. Sargent, a young pharmacist from Boston, moved to Chicago to become a partner in a drug store that sold assaying and mining equipment to prospectors who passed through Chicago on their way West during the Gold Rush. A few years later, in 1852, Sargent bought out his partner’s share and renamed his store E.H. Sargent & Company, Inc. Sargent’s business thrived. Although the store was destroyed in the Chicago Fire (1871), Sargent’s re-opened further north in the downtown area where the business remained until the 1980’s when Burt Paley purchased Sargent’s and merged it into Water Tower Pharmacy.