The morning call., 1892-08-12

dents. In which he states that he is fartu-
nate, by his long and intimate association
with the practical work Of the company, as
sisted by competent and Jealous staff of
officers and subOrdinates. to be relieved of
the necessity Of undertaking any radical re-
vision Of the official list and reassignment
of offic al trusts. In their own ranks there
would be practically no change. For the
future he 6espeaks &om thsm the same in
telhgent discharge OF duty and the same de-
votiOn Of Zanl in the interests and for the
success OF the company as they have hither-
tOdisplayed
Lloyd Tevis, the retiring president, was
born in Shelbyylle, Kentucky, March 90,
1924. He afterward lived in Louisville and
then In 81. Louis. In 1919 he left St. Louis
BY way Of the plains for the California gold
fields. and upon his arrival went into
mining camp in FL Dorado County. He was
able TO accumulate a few hundred dollars,
with which he opened a law, loan and real
estate Office in Sacramento In 1850. For
over tive years he carried on this business
with increasing success and in 1853 he re-
moved to San Francisco bis present home
and business headquarters.
For over % years Mr.. TeYis has been rec
ogDized as one Of the able and shrewd BUSH
ness men on this continent. He has been
more or less prominently identified with
nearly all of the great public enterprises
which have fostered and accelerated the
DEVELOPMENT OF the State. He Is possessed
OF a colossal fortune and bis influenza
among bis fellOWmea is second to none Oh
the Pacific Coast.
The new president, John J. Valentine, is
native Of Bowling Green, KY, where he
was born on November y, I84O He is a
lineal descendant Of the Valentines of
Bendif Hall. Eccles, Lancaster County,
England. In 1854 he began his business life
In The store of YOunglove Brothers, drug
gists, Bowling Green, who were agents for
Carter, Thomas 81 Co.'S stage and express
line. When the Adams Express Company
obtained the express facilities over the rail-
roads IN that section OF the country Mr..
Valentine became Identified With them. and
continued IN their service till 1861, when he
resigned TO locate In California, His first
appointment in this State was as Joint
agent for Wells, Fargo & Co., tine Pioneer
Stage Company and the California State
Telegraph Company at Strawberry Valley,
I'll Dorado County. Shortly afterwaTd
he was appointed agent at Virginia
City, New. for the Overland Mail Com
pany and Pioneer Stage Company,
and subsequently superintendent of the
Pacific division of Wells. Fargo & Co.
His promotion was rapid, and in 1869 he was
appointed general superintendent, with
headquarters in New York. The general
office was transferred to San Francisco in
1870. and since then MIR. Valentine has re-
sided here. He was elected director and
yice-pres ldent of the company IN 1882. and
=
Mr.. Valentine Is recognized as an author
ity on gold and silver, and last year took a
prominent part In the discussion through the
press on the free coinage OF silver. he has
always Identified himself with all the great
charitable movements OF the age, and has
raised large sums Of money for The relief OF
distressed communities. He has invariably
proved himself TO be an efficient officer. a
public-spirited citizen and a man OF broad
and liberal views.
FRET = h.
b. Morgan Of Aurora, y. Y, who held
office till November 26. 1853, when he re-
signed, and ID. n. Barney succeeded him
Mr.. Barn. y was succeeded by his brother
A. H.-some time during 1865 or 1866 and
after him Louis McLane was elected to ths
Office on February Is, 1867. He held thu
position for exactly one year, when A. II
Barney was again elected and continued al
president till May 20. 1870 William G
Fargo Wac his successor, and he remained
In office till February 8. 1872, when Lloyd
Jevls was elected president and remained
so ever since till now, being reelected from
year to year.
A brief review Of the history of this pow.
erful and wealthy corporation may prove in.
teresting.
Henry Wells. William G. Fargo, Johnston
Livingston. James Mckay and others OF
gained In March. 1852 as Wells, Fargo &
20, under the laws oil the State of New
ORR, 10 transact an express, exchange and
BANKING business, particularly on the Pa
cifc Coast, but also between San Francisco
New York and Europe
The prosperity of the company was in
stantaDeous, and ever since it has success
fully maintained itself amid some Of IN,
most trying commercial crises of this coun
try. 1t steadily kept moving upward ant
onward until now IL spans the broad cont
nent Its ramifcations extend TO 43 State
and Territories within The United State
aud the Republic of Mexico. besides reachIni
British Columbia, Graf Britain and III
continent of Europe. II acquired the Fri
system. centering In New York. aud ex