Origin of Wells, Fargo & Company: 1841–1852

Ruth Teiser and Catherine Harroun

Business History Review, 1948, vol. 22, issue 3, 70-83

Abstract: Wells, Fargo & Company, established in 1852, had its roots in Harnden & Company, the first of all express carriers. In the year 1841, Vermont-born Henry Wells, whose name was to rank in prominence with that of William F. Harnden and Alvin Adams in the history of the express business, was serving as Harnden's agent in Albany, New York. Many years later he explained how he came to leave Harnden's employ and to become the moving force in the first of several new express enterprises:“I was in his [William F. Harnden's] employ and recommended him to extend his express line from Albany to Buffalo, and as transportation was offered, to Chicago, [but] Mr. Harnden did not believe that the People were there and he declined. His words of declination were ‘If Mr. Wells chose to run an Express to the Rocky Mountains he might — He [Mr. Harnden] would not do it.’ ”

Date: 1948
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