Henry Wells

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Henry Wells (born December 12, 1805 in Thetford , Vermont, † December 10, 1878 in Glasgow ) was an American entrepreneur and co-founder of American Express and the Wells Fargo Company .

Henry Wells

Life

Wells Fargo Center in Minneapolis, Minnesota
American Express Company stock dated October 13, 1865; signed by William G. Fargo as secretary and Henry Wells as president

Henry Well's professional career began at the age of 16 in a tannery. Due to his own language problems, he founded a school for the speech-impaired in the 1820s. In 1836 he began working as a freight agent on the Erie Canal . He went into business for himself and was able to quickly expand his company thanks to low tariffs and serve more and more mail and freight lines. In the 1840s, Wells founded several joint ventures with William Fargo and other partners, including Wells Fargo , which is now a bank, and American Express, which is now the global credit card company . The groups of companies were able to expand in the 1850s, especially through the so-called gold rush in California and were significantly involved in the development of the northwestern US territories, especially California.