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Wells Fargo A Bank In The 1850's

989 Words4 Pages

Wells Fargo might be thought of as a bank today, but in the 1850’s, it’s primary service was mail delivery (Maxfield). The company Wells, Fargo & Co. is known for its banking and mail delivery services in the Old West, and today, is an extremely successful bank. Wells, Fargo, & Co. had paths on which they would go on to deliver mail from one place to another across America. In 1858, Wells Fargo’s stagecoaches delivered mail from texas to california (Wells Fargo 5). Wells Fargo was a bank who buys gold dust, sells paper bank drafts, and provides loans (History). “The name Wells Fargo is forever linked with the image of a six-horse stagecoach thundering across the American West, loaded with gold… Wells Fargo earned a reputation of trust due to …show more content…

They ended up dropping the price of mail delivery even more due to public pressure (Smith). “Wells Fargo Stagecoaches delivered to mining camps scattered all across the Sierra Nevada mountains.” “Though the Pony Express lost money, it blazed routes later traveled by stage-coaches carrying passengers, freight, and bullion (Croke 54).” “One of the most important reasons for Wells Fargo’s success in the beginning is the people who set up outposts all over the frontier, one of the most important person being Louis McLane (Matthew 16). Wells Fargo’s stagecoaches carried many things anywhere from San Fransisco to New York. They had hundreds of offices in the West and were the biggest Stagecoach business (Senzell). Wells Fargo became the greatest mail delivery company and paved the way for delivery services across the …show more content…

“The most polite and gentlemanly treatment of all customers, however insignificant in their business, is insisted upon. Proper respect must be shown to all- let them be men, women, or children, rich or poor, white or black- it must not be forgotten that the company is dependant on these same people for its business.” When Henry Wells was alive, there were 8,000 workers at Wells Fargo. Today, there are 150,000 or more employees at Wells Fargo. There are 6,000 branches and from 1990-1998, their stock went up 1,197% (Smith). Even though the stagecoach was only used for a couple of decades, it became Wells Fargo’s most well known features ever since it became the logo in the 1990’s (Paula 16). “Wickland, speaking for the bank, is delighted to make up a compact smörgasbord of early California… to utilize for educational purposes old gold scales =, golden spikes, treasure chest, derringers or Pony Express saddles: or dioramas of Gold

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