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In 1852, Henry Wells and William Fargo created Wells Fargo & Co. when Butterfield (and other directors of American Express) objected to the extension of its operations to California.
In March 1852, Henry Wells and William G. Fargo founded Wells, Fargo & Co. Just like the company in its early years and today, the men who founded it were known for creating innovative solutions to help their customers succeed.
Henry Wells (December 12, 1805 – December 10, 1878) was an American businessman important in the history of both the American Express Company and Wells Fargo & Company. [1] Wells worked as a freight agent before joining the express business.
On March 18, 1852, our founders—Henry Wells and William G. Fargo—built an innovative start-up to help customers build businesses and manage money in a rapidly changing world.
Wells Fargo, in turn, hired detectives to track down the robbers. The company, cofounded by Eastern expressmen Henry Wells (1805–1878) and William Fargo (1818–1881), had formed in New York the prior March to take advantage of gold rush opportunities in California.
Key Dates: 1852: Henry Wells and William G. Fargo form Wells, Fargo & Company to provide express and banking services to California. 1860: Wells Fargo gains control of Overland Mail Company, leading to operation of the western portion of the Pony Express.
On March 18, 1852, in New York City, Henry Wells and William G. Fargo join with several other investors to launch their namesake business, today one of the world's largest banks. The...