When I was a kid my frequently abraded elbows and knees were regularly painted red with merthiolate. Come to think of it...whatever happened to merthiolate?
Merthiolate is still around. It was largely replaced by Neosporin. Less messy.
Merthiolate is the trade name for thiomersal, which has a lot of people hot and bothered when it is used as a preservative in vaccines.
As it turns out, ethylmercury is very efficiently absorbed from the skin when thiomersal is applied for cuts and scrapes.
Looks like we both survived our childhood.
You'll find it under Dodo Bird!!