Henry Wells and William G. Fargo, the…

March 1852 CE

Henry Wells and William G. Fargo, the two founders of American Express, form Wells Fargo & Company to provide express and banking services to California when Warren Butterfield and other directors objected to the proposal that American Express extend their services to the Far West.

Created on March 18, 1852, Wells Fargo will gain control of Butterfield Overland Mail Company in 1860, leading to the operation of the western portion of the Pony Express.

Wells Fargo & Co. is reated to facilitate an express business between New York and San Francisco by way of the Isthmus of Panama and on the Pacific coast.

The new company offers banking services, which include buying gold and selling paper bank drafts, and express services, which includes rapid delivery of gold and anything else valuable.

The company opens for business in the gold rush city of San Francisco, and soon the Company's agents will open offices in the other new cities and mining camps in the West.

Locations
San Francisco San Francisco California United States View →

Groups
United States of America (US, USA) (Washington DC) View → American Express View → Wells Fargo & Co. View →

Subjects
Watercraft View →

Regions

Subregions

Related Events

Active Filters
Group: Banditti of the Prairie
People: John of Parma
Topic: Whaling Disaster of 1871
Location: Korneuburg Niederösterreich Austria
Refine Results

No related events match the current filters.