Gold Hill daily news. [volume] (Gold Hill, N.T. [Nev.]) 1863-1882, 1881-08-11
WELL. , . co.

world Wa sending strong delegations
from all quarters to the Pacific coast,
Adams & Co. VA the hrst established
express and banking hrm which bad its
headquarters in San Francisco and
branches 10 all the principal mining
campo and points Of Importance through
out the country. This firm at once e.
tablished itself into the Armest conn.,
dsncs Of the people generally. Is not
only the connecting link. As 1t were with
the Ess. and the rest Of the world. bot
in the transaction 1t express, transpor-
tation and banking business throughout
the country. Merchants. miners. every.
body did business through Adams 4 %.
and adams 4 Ce.'s Express" onacs was
essential among the elementary institu.
lions OF all the numerous towns con-
s.sn,ly ~springius Into existence. especial.
ly In the mining region. The miners
sold their dust to Adams 4 Co.. or de-
posted Il With them for safe. keeping.
and got their letters from homo through
Adams 4 Co. Suddenly Adams q %.
collapsed. and hundreds Of miners lost
everything. svsn special deposits. which
should have been held n Q sacred trust,
being swept away with the rest. II was
hard to realize that Adams 4 Go. had
failed, and sven the most interested VIC
tim refused to believe It at frst. dsclsr-
Ing that they would come out all right
shortly. But Adams & Co. didn't do II.
The failure Was totally disastrous and
dsnsralisins. and It seemed a. II the
bottom Of the financial and most vital
interests Of the country had suddenly
dropped out.
Bat 1t was not long before another
arm took the place OF Adams Il Co..
and went right straight ahead with the
business. BY degrees working its way
into the damaged confidence Of the peo-
pie. Wells. Fargo 4 Co.'S Express
proved to be more reliable and ~responsi.
Bile, and has 20 continued to the pres
emit day. The history Of this famous
express 10 part Of the historical progress
Of the country. Everywhere through.
out the Pacific Coast are to be found the
oaisss Of Wells, Fargo & Co. Their
express 10 carried over every style OF
routs. often extending to points where
the mall doss not, and In the frequent
stage robbsriss the capture Of Wells,
Fargo 4 Co.'S trsssurs-box has always
been found to b the principal feature.
Notwithstanding all losses. trials and
t~ribulstions. however. Wells. Fargo i
Co.'S Express continues to be peculiar
and prominent institution Of the coun.
try. On the Sd of the present month.
william g. Fargo. q Of the o~riginstors
Of the express. and from whom the firm
derives . portion OF It's name. died at
his home In Buffalo. New York. The
New York World Of the 4th instant gives
the following obituary notice Of him
william g. Fargo. President Of the
American Express Company. died at
Buffalo yesterday, aged 63 years. Mr..
Fargo wss born 10 the village OF Pom.
p.y. Onondsga county. New York. in
1917. he had the education that usually
falls to the sons Of farmers. and early
entered upon bis business career. His
hnt employment wa a. messenger on
the Auburn and Syracuse Railroad.
whore his energy. perseverance, and
business tact speedily brought him to
the attention OF his employers. Al that
time Livingston. Wells 4 90. were run
ming an express company. and In this
Mr.. Fargo obtained employment ~ mes
s.nR.r. here be gained the foundation
Of that knowledge Of the express bust
ness that Afterwards enabled him to
manage some Of the Rrestest companies
10 the country. In April. 1916. Henry
Wells. one Of bis employers, proposed
the formation OF . new express com.
papy from Buffalo to Cincinnati. Chi.
caao, St. Louis, and othtr points West.
and young Fargo was invited to assist
In the organization. There were then
NO railways to the Far West, and
most Of the business Of the new
arm had to DO done BY steamboats, and
wagons. The n-It year Mr.. Wells sold
his Interest In the Arm. which was not
Immediately successful, to William A.
Livingston, and the nrm became Liv.
ipRston 4 Fargo. Subsequently this
Arm, the express line owned by Henry
Wells & Co., and that run by Butter.
Geld, WATSON i Co.. were consolidated
into one concern. the new company
assuming the name Of the American Ell.
prsss Company. In 1852 Mr.. Fargo.
Henry Wells. Johnston Livingston and
others projected Q California express
under the style and title Of Wells, Fargo
& Co. The original capital was $780,
600, but soon after the organisation II
vas doubled. and since that tims has
expanded to nearly $40. 0oo. 900. 1t was
the hrst company to reduce the freight
rates from sixty to forty cents . pound,
and had to maintain the bitter enmity Of
other corporations. 10 the latter part Of
bis career Mr.. Fareo's health was far
from good and OF late be suffered from .
complication Of mslsdiss. He lived on
Fargo avenue. In the suburbs Of Buffalo.
and was Mayor Of that city for three
terms.
Latest dispatches from Warrington
admit the necessarily very weak and
much reduced condition Of the Presi.
dent. This. Of course. does not tally
with the Official bulletins Of his physi.
CLANS. which have always reported con.