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Template By Froo! Wells Fargo & Co Express Silk Screen & Railroad Ticket Playing Cards Spade Punch
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• SCARCITY: 9.1/10 Obsolete / One of a Kind
• CONDITION: (Subjective) INCREDIBLE / Historically Used / Ink Residual / Extremely Fragile / No Damage / Oxidized Pressure Rim /
• SCRIPT: Numbered and Registered / Sizes
• BACK: Tape Residual / Tape / Scripted Markings
• COLOR / Pattern : Green / Logo
• PROVENANCE: Private Collection
• SIZE: 19 1/2 x 17 3/8 Frame
• FINISH/SURFACE: Silk Screening Mesh
• YEAR: c1879 (punch) / Screen (Unknown)
• COUNTRY: USA
• AGENT PUNCH: Stainless / Playing Cards Spade Design Punch / Company Inscription WF & Co on Tip
• TITLE / SUBJECT: WELLS FARGO & Co EXPRESS
• PROCESS: LITHO BILL TICKET / Shasta California
• MEDIUM: Rice Paper / Thin Stock / Red / Archival Cases Included
FACTS:
• Wells Fargo is rich in history and was established in 1852 to help buy, sell, and transport the Miners Gold given the service to function as a bank!
• The company\'s (c h e c k s ) and receipts were good as Gold!
Want to own pieces of Historic Railroad Americana? Don’t miss out on these artifacts!
FACTS:
Even long ago before the Gold Rush, the Pony Express ended its Transcontinental Telegraph lines that were completed in late 1861. Overland mail and express services were continued, by the coordinated efforts of several companies.
From 1862 to 1865, Wells Fargo operated a private express line between San Francisco and Virginia City, Nevada; Overland Mail stagecoaches covered the route from Carson City, Nevada, to Salt Lake City; and Ben Holladay, who had acquired the business of Russell, Majors & Waddell, ran a stagecoach line from Salt Lake City to Missouri.
Wells, Fargo & Co. 1868 display advertisement from The Salt Lake Daily Telegraph (Utah Territory)
By 1866, Holladay had built a staging empire with lines in eight western states and was challenging Wells Fargo\'s supremacy in the West. A showdown between the two transportation giants in late 1866 resulted in Wells Fargo\'s purchase of Holladay\'s operations.
The \'grand consolidation\' spawned a new enterprise that operated under the Wells Fargo name and combined the Wells Fargo, Holladay, and Overland Mail lines and became the undisputed stagecoach leader.
Barney resigned as president of Wells Fargo to devote more time to his own business, the United States Express Company; Louis McLane replaced him when the merger was completed on November 1, 1866.
The Wells Fargo stagecoach empire was short lived. Although the Central Pacific Railroad, already operating over the Sierra Mountains to Reno, Nevada, carried Wells Fargo\'s express, the company did not have an exclusive contract.
Moreover, the Union Pacific Railroad was encroaching on the territory served by Wells Fargo stagelines. Ashbel H. Barney, Danforth Barney\'s brother and cofounder of United States Express Company, replaced McLane as president in 1869.
The transcontinental railroad was completed in that year, causing the stage business to dwindle and Wells Fargo\'s stock to fall.
Takeover of the Pacific Union Express Company Central Pacific promoters, led by Danielle Pepe, organized the Pacific Union Express Company to compete with Wells Fargo.
The Tevis group also started buying up Wells Fargo stock at its sharply reduced price. On October 4, 1869, William Fargo, his brother Charles, and Ashbel Barney met with Tevis and his associates in Omaha, Nebraska.
There Wells Fargo agreed to buy the Pacific Union Express Company at a much-inflated price and received exclusive express rights for ten years on the Central Pacific Railroad and a much needed infusion of capital. All of this, however, came at a price: control of Wells Fargo shifted to Tevis.
Ashbel Barney resigned in 1870 and was replaced as president by William Fargo.In 1872 William Fargo also resigned to devote full-time to his duties as president of American Express. Lloyd Tevis replaced Fargo as president of Wells Fargo.
Wells Fargo & Co. franked cover from Austin, Nevada Territory, to San Francisco, Cal. July 6, 1870 The company expanded rapidly under Tevis\' management.
The number of banking and express offices grew from 436 in 1871 to 3,500 at the turn of the century. During this period, Wells Fargo also established the first transcontinental express line, using more than a dozen railroads.
The company first gained access to the lucrative East Coast markets beginning in 1888; successfully promoted the use of refrigerated freight cars in California; had opened branch banks in Virginia City, Carson City, and Salt Lake City, Utah by 1876; and opened a branch bank in New York City by 1880.
Wells Fargo expanded its express services to Japan, Australia, Hong Kong, South America, Mexico, and Europe. In 1885 Wells Fargo also began selling $ orders. In 1892 John J. Valentine, Sr., a long time Wells Fargo employee, was made president of the company.
Until 1876, both banking and express operations of Wells Fargo in San Francisco were carried on in the same building at the northeast corner of California and Montgomery Streets.
In 1876 the locations were separated, with the banking department moving to a building at the northeast corner of California and Sansome Streets. The bank moved in 1891 to the corner of Sansome and Market Streets, where it remained until 1905.
Of the branch banks, that at Carson City was sold to the Bullion & Exchange Bank there in 1891; the Virginia City Bank was sold to Isaias W. Hellman\'s Nevada Bank in 1891; and the Salt Lake City Bank was sold to the Walker Brothers there in 1894.
• The New York City branch remained until the Wells Fargo & Company bank merged with Hellman\'s bank in 1905.
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