This Week in History
This Week in History, Mar 18 - Mar 24
Mar 18, 1852
Wells and Fargo start shipping and banking company. in New York City, Henry Wells and William G. Fargo join with several other investors to launch their namesake business. The discovery of gold in California in 1849 prompted a huge spike in the demand for cross-country shipping. Wells and Fargo decided to take advantage of these great opportunities. In July 1852, their company shipped its first loads of freight from the East Coast to mining camps scattered around northern California.
Mar 19, 2003