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Wells Fargo & Co

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Wells Fargo & Co

Wells Fargo & Co offices in Hill Valley in 1885.

Wells Fargo & Co is a company founded around 1852.

In Hill Valley

A Wells Fargo & Co building was constructed in Hill Valley in 1880 and was still occupied by this company by 1885. In 1955, it became a motel : the Bluebird Motel.

History

Soon after gold was discovered in early 1848 at Sutter's Mill near Coloma, California, financiers and entrepreneurs from all over North America and the world flocked to California, drawn by the promise of huge profits. Vermont native Henry Wells and New Yorker William G. Fargo watched the California boom economy with keen interest. Before either Wells or Fargo could pursue opportunities offered in the West, however, they had business to attend to in the East.

On March 18, 1852, they organized Wells, Fargo & Company, a joint-stock association with an initial capitalization of $300,000, to provide express and banking services to California.

Appearances

See also

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