Also Within this year in history

Mar

18

19th Century

Wells and Fargo start shipping and banking company

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.

Loading up horse-drawn vans at the Wells Fargo general office, New York, USA, 1875. Wells Fargo & Co was founded in 1852 by Henry Wells (1805-1878) and William George Fargo (1818-1881). Initially the company’s business lay in the transport of gold from the west to the east coast of the US after the Californian Gold Rush, but Wells Fargo also moved into banking and developed a stagecoach network which held a virtual monopoly of business in the West by 1866. From Harper’s New Monthly Magazine. (New York, 1875). (Photo by Ann Ronan Pictures/Print Collector/Getty Images)

Print Collector/Getty Images

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