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William Fargo: Biography and Much More from Answers.com Results for William Fargo On this page: Select Article Biography Columbia Ency. Wikipedia Citations --------------- Or search: - The Web - Images - News - Blogs - Shopping Biography: William George Fargo William George Fargo (1818-1881), American entre preneur, was a founder of Wells, Fargo and Company and the American Express Company.William Fargo was born on May 20, 1818, in Pompey, N.Y., the eldest of 12 children. His formal education ended at 13, when he began carrying mail over a 30-mile circuit for a local contractor. He subsequently worked in the grocery business, as a baker, and in a village inn. In 1840 he married Anna H. Williams; they had three children.In 1842 Fargo became a messenger for an express firm operating between Albany and Buffalo. Soon he was appointed agent of Pomeroy and Company in Buffalo. Through his association with Wells and Company (which operated the first express company west of Buffalo), Fargo became one of the founders of the American Express Company, which quickly became the largest express concern in the United States.In 1852 Fargo and some associates formed Wells, Fargo and Company to bring the services of an express company to the gold fields of California. American Express and Wells, Fargo combined facilities to provide rapid transportation of goods and communications between California, the Atlantic coast, Europe, and points in between.After an 1855 financial panic drove its most formidable rival into bankruptcy, Wells, Fargo was the dominant express company in the West, with hundreds of employees, thousands of head of stock, and hundreds of thousands of dollars in capital invested. For the vast population then moving into the territory west of the Rocky Mountains, it provided unrivaled banking, express, and mail services. In 1857 Fargo and some of his associates from American Express established the Overland Mail, the first transcontinental stage line. It served the West until the coming of the railroad in 1869.After the Civil War, the exemplary success of Wells, Fargo brought other concerns into the field, and in 1869 Wells, Fargo merged with the Pacific Express Company, which had contracted for the express business on the new transcontinental railroad. American Express was involved in similar mergers in the East.Fargo had served as mayor of the city of Buffalo for two terms during the Civil War. A lifelong Democrat, he had stood against secession and supported the Union during the war by paying a part of their salary to those of his employees who were drafted. He became a director of the New York Central and the Northern Pacific railroads. He was also involved in a number of manufacturing enterprises and was for a time the majority stockholder of the Buffalo Courier. He died on Aug. 3, 1881, having amassed a tremendous fortune.Further ReadingAmong the studies in which Fargo figures prominently are A. L. Stimson, History of the Express Business, Including the Origin of the Railway System in America (1881); LeRoy R. Hafen, The Overland Mail, 1849-1869: Promoter of Settlement, Precursor of Railroads (1926); Edward Hungerford, Wells Fargo: Advancing the American Frontier (1949); and Noel M. Loomis, Wells Fargo (1968). #infocom{position:relative;cursor:pointer;width:300px;height:60px;background-image:url(http://site.answers.com/main25186/images/ads/infocomsearch300.gif);background-position:top left;background-repeat:no-repeat;} .infocominput{position:absolute;border:0px none; font-size:15px; width:141px; left:101px;top:21px;} .infocomsubmit{position:absolute; height:22px; width:39px;left:250px; top:19px;} ADVERTISEMENT #SearchBtn{margin-top:14px !important;} Library Arts Business Entertainment Food Government Health Legal Leisure Military People Reference Religion Science Shopping Sports Travel Words Zoology More... Columbia Encyclopedia: Fargo, William George, 1818–81, American pioneer expressman, b. Pompey, N.Y. He had been successively a postrider, freight agent, messenger, and resident agent (1843) for an express company in Buffalo, N.Y., when in 1844, with Henry Wells and another partner, he organized Wells & Company, the first express company operating W from Buffalo. The following year the firm became Livingston, Fargo & Company, and in 1850 it merged with others to form the American Express Company, with Fargo as secretary. By 1852 he and Wells had organized Wells, Fargo & Company to handle the express service between New York and San Francisco for which the gold rush had created a need, and they established stage and banking businesses on the Pacific coast with the American Express Company serving as eastern representative. In 1868, Fargo became president of the American Express Company, making his home in Buffalo, where he served (1862–66) as mayor.BibliographySee N. C. Wilson, Treasure Express: Epic Days of the Wells Fargo (1936); L. Beebe and C. Clegg, U.S. West: The Saga of Wells Fargo (1949). Wikipedia: William Fargo William George Fargo (May 20, 1818 - August 3, 1881), pioneer American expressman, was born in Pompey, New York. From the age of thirteen he had to support himself, obtaining little schooling, and for several years he was a clerk in grocery stores in Syracuse. He became a freight agent for the Auburn & Syracuse railway company at Auburn in 1841, an express messenger between Albany and Buffalo a year later, and in 1843 a resident agent in Buffalo. In 1844 he organized, with Henry Wells (1805-1878) and Daniel Dunning, the first express company (Wells & Co.; after 1845 Livingston & Fargo) to engage in the carrying business west of Buffalo. The lines of this company (which first operated only to Detroit, via Cleveland) were rapidly extended to Chicago, St. Louis, and other western points. In March 1850, when through a consolidation of competing lines the American Express Company was organized, Wells became president and Fargo secretary. In 1851, with Wells and others, he organized the firm of Wells, Fargo & Company to conduct an express business between New York and San Francisco by way of the Isthmus of Panama and on the Pacific coast, where it long had a virtual monopoly. In 1861 Wells, Fargo & Co. bought and reorganized the Overland Mail Co., which had been formed in 1857 to carry the United States mails, and of which Fargo had been one of the original promoters. From 1862 to 1866 he was mayor of Buffalo, and from 1868 to his death in Buffalo, he was president of the American Express Company, with which in 1868 the Merchants Union Express Co. was consolidated. He was a director of the New York Central and of the Northern Pacific railways. William's brother J.C. Fargo succeeded him as President of American Express after his death. Fargo Avenue in Buffalo, and Fargo, North Dakota are named after him. See also American Express Wells Fargo References This article incorporates text from the EncyclopГ¦dia Britannica Eleventh Edition, a publication now in the public domain. Preceded by Henry Wells CEO of American Express 1868-1881 Succeeded by J.C. Fargo Mayors of Buffalo, New York Johnson • Andrews • Johnson • Wilkenson • Trowbridge • Barket • Walden • Pratt • Thompson • Harrington • Clinton • Masten • Ketchum • Masten • Haven • Spaulding • Allen • Barton • Smith • Wadsworth • Barton • Cook • Stephens • Lockwood • Alberger • Fargo • Wells • Rogers • Brush • Dayton • Becker • Scheu • Brush • Cleveland • Drake • Cutting • Manning • Scoville • Becker • Bishop • Jewett • Diehl Knight • Adam • Fuhrmann • Buck • Schwab • Roesch • Zimmerman • Holling • Kelly • Dowd • Mruk • Pankow • Sedita • Kowal • Sedita • Makowski • Griffin • Masiello • Brown American Express Payment Products Credit cards • Charge cards • Traveler's cheques • Centurion Card • Red Card • ExpressPay Magazines [[Travel + Leisure]] • Food & Wine • Departures Magazine • Executive Travel • Black Ink Spun-off companies Ameriprise Financial • First Data Corp. • Lehman Brothers • American Railway Express Agency • Merchants Despatch Notable Current & Former Executives Henry Wells • William Fargo • J.C. Fargo • Ralph Reed • James D. Robinson III • Lou Gerstner • Sandy Weill • Harvey Golub • Ken Chenault • Gary Crittenden Corporate Directors Ken Chenault (Chairman) • Daniel Akerson • Charlene Barshefsky • Ursula Burns • Peter Chernin • Vernon Jordan, Jr. • Jan Leschly • Rick Levin • Richard McGinn • Edward Miller • Frank Popoff • Robert Walter • Ron Williams Other Amex Bank of Canada • The Adventures of Seinfeld & Superman • World Monuments Watch • The Great Salad Oil Swindle Annual Revenue: $24.27 billion USD ( 10% FY 2005) В· Employees: 65,800 В· Stock Symbol: NYSE: AXP В· Website: www.americanexpress.com This entry is from Wikipedia, the leading user-contributed encyclopedia. It may not have been reviewed by professional editors (see full disclaimer) Donate to Wikimedia Join the WikiAnswers Q&A community. Post a question or answer questions about "William Fargo" at WikiAnswers. Copyrights: Biography. © 2006 through a partnership of Answers Corporation. All rights reserved. Read more Columbia Encyclopedia. The Columbia Electronic Encyclopedia, Sixth Edition Copyright © 2003, Columbia University Press. Licensed from Columbia University Press. All rights reserved. www.cc.columbia.edu/cu/cup/ Read more Wikipedia. This article is licensed under the GNU Free Documentation License. It uses material from the Wikipedia article "William Fargo". Read more On this page: Select Article Biography Columbia Ency. Wikipedia Citations --------------- Or search: - The Web - Images - News - Blogs - Shopping E-mail Print Link ADVERTISEMENT Tackle These Be the first to tackle these...Wells fargo shotguns?Was there a sequel to the movie Fargo? ...or improve one of these:Can wells fargo bank take money from customer's checking or savings account to pay off a ...You have a wells fargo 12ga sxs that has central arm co st louis missouri with a wells fargo tag on ... More William Fargo questions >> Keep Reading Mentioned In:Wells, Henry (American delivery-company operator)Wells, Fargo and Company (American history)Fargo (city, North Dakota)Fargo: History (city, North Dakota)Fargo (family name)Which city was named after the founder of a famous stagecoach line that once crisscrossed the West?1844 (chronology)J. C. FargoForest Lawn Cemetery, BuffaloRalph Reed (American Express)Departures Magazine1881 (chronology)Robert D. WalterRon Williams | More >More > ADVERTISEMENT .IE .t_wg {top:1px !important} Do you have the answers? Is possession of stolen property a misdemeanor? Is there any alternative medical treatment for tinnitus? What is the yearly average salary of civil engineers in South Africa? Where are the coastal lowlands in Florida? How does water get tested for contamination? ADVERTISEMENT Home Bloggers & Webmasters Sitemap About What's new Blog Help Advertise RSS Copyright © 2008 Answers Corporation. All rights reserved. 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