"In 1917, the U.S. government actually tested one of the bogus potions sold by Clark Stanley, the “Rattlesnake King,” and called Stanley's Snake Oil. it contained no EPA at all and consisted mostly of mineral oil and red pepper (with a tiny bit of beef fat, camphor, and turpentine thrown in), apparently similar to ingredients found in modern day capcaicin cream that is alleged to provide temporary arthritis relief. Interestingly, genuine snake oil is still sold in traditional Chinese pharmacy stores. A sample brought in San Francisco's Chinatown in 1989 was found to contain 75% of carrier material, such as camphor, and 25% of oil from Chinese water snakes, and 20% of that oil, in turn, was EPA."
Snake oil

January 1, 1970