WELLS, Henry [1805-1878] -- American businessman, expressman
American Express Co. (1850)
American Express was started as an express mail business in Buffalo, New York. It was founded in 1850 as a joint stock corporation by the merger of the express companies owned by Henry Wells (Wells & Company), William G. Fargo (Livingston, Fargo & Company), and John Warren Butterfield (Wells, Butterfield & Company, the successor earlier in 1850 of Butterfield, Wasson & Company).
Wells, Fargo & Co. (1852)
The same founders also started Wells Fargo & Co. when Butterfield and other directors objected to the proposal that American Express extend its operations to California. Wells, Fargo & Company was organized on March 18, 1852 as a joint-stock association with an initial capitalization of $300,000, to provide express and banking services to California. The original board of directors comprised Wells, Fargo, Johnston Livingston, Elijah P. Williams, Edwin B. Morgan, James McKay, Alpheus Reynolds, Alexander M.C. Smith and Henry D. Rice. Of these, Wells, Fargo, Livingston and McKay were also on the board of American Express
Wells Seminary (now Wells College) (1868)
Wells College is a private coeducational liberal arts college located in Aurora, Cayuga County, New York, on the eastern shore of Cayuga Lake.
The college has cross-enrollment with Cornell University and Ithaca College.
It is strengthening its off-campus study programs and creating a business center.
Undergraduate students are required to participate in off-campus internships during two of their winter recesses.
|A freight agent on the Erie Canal|
|Pomeroy & Co. formed|
|Pomeroy & Co. succeeded by Livingston, Wells & Co.|
|Western Express formed|
|Wells sold out to William Livingston|
|Crawford Livingston dies|
|Wells formed Wells, Butterfield & Co.|
|American Express Co. formed|
|Wells is president of American Express|
|Wells, Fargo & Co. formed to extend service to California|
|President of New Granada Canal & Steam Navigation Co.|
|President of First National Bank of Aurora|
|Livingston, Wells & Co. closes final office (in Paris)|
|First president of Cayuga Lake Railroad|
|Retired from Wells Fargo board|
|Founds Wells College in Aurora|
|Retired from American Express as president|
|President of Arizona & New Mexico Express Co.|
|Dies in Glasgow, Scotland|