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Historical Clippings Book (HC-03) (210 pages)

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Page: of 210

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(Continued from page 6)
(1852) Daniel Haskell's Adam
Company Express, and Page,
Bacon and Company, Bankers,
moved into a new stone building
on the northwest corner of Montfomery and California streets
in San Francisco, a new red
brick building across the street
>
Fargo and Company. Green shutX
TS Made of cast iron, hung at —
the windows of the new building
~ just as they hung at all the
S, Fargo and Company
buildings, The reason undoubtedly was because not only were ;
they substantial, but they were i
fast becoming a trademark,
On July 11, when Washburn
arrived on the Steamer "Ten?
Resse,” he brought 65 packsili
ages with bim-the first ship~ [Eo
ment of express by Wells, Fargo j
2nd Company between the At+ =
lantic and Pacific states, From ee
that date on, the San Francisco (UN yas)
office received eastern express (Rae
shipments, and sent gold dust hel é
and other parcels out of San .
Francisco with regularity. A
month later, the western agents
of the company were able to provide California miners with al!
hecessary services,
(During the first year, the
express business with Carter
in charge, and the banking business with Washburn in charge, S P.M. The old coach
shared the same building and ad. cutting ceremonies.
vertised together. But within the jims, and Rattlesnake Bar, On
hext two years, the two departthe fourth day, it resumed bankments were Separated and sepaing at San Francisco,
rate records were kept,) So it was that Wells, Fargo
Much had been accomplished and Company survived thepanic,
by October 1852, The directors
of Wells, Fargo and Company
7
* 2
WELLS FARGO Bank's
and owned the leading express miners to
business in California, On May top the nearest Wells Fargo ofcentury-old stagecoach, th
give rides to children during the
Grass Valley office quarters
grand
open
Wells Fargo Stage
e Ben Holladay, will
ing of the Bank's new
Saturday, November 25, from 1 P.M. to
also will bring dignitaries to the Bank's ribbonPioneers of California were able
to carry on their business and
Social activities by methods provided by Wells, Fargo and ComPany. It was convenient for the
take their gold dust
had been selected, its agents 14, 1855, the Board of Directors fice, where agents weighed their were established in California, increased the capital to $600,and arrangements for transporting express parcels with
000. Pardee, general agent in
the California, was replaced by T. simple and met the approval
gold on delicate scales and gave
them receipts, The process was
Pacific Mail Steamship CompaM, Janes, general treasurer of of one and all. The people knew ny, Hunter and Co,, and Todd
and Co.,
purchased Gregory andCompany Lane was credited with introExpress. This transaction no!
only eliminated competition ir
the inter-coastal business(whick franks of the company stamped
incidently, had been doing agood on them.)
business between San Francisco, California was rich in reSacramento and Stockton), but sources. It's future looked as
Velis, Fargo and Company was, bright as the shiny ore refor the first time, in control of moved from the mines, The busian inland express line, ness of transportation stagePersonnel changes were frecoach, freighting, river and
quently made, but only one during 1853 affected California, one, and Wells, Fargo and ComColonel William T. Pardee took Pany in a position to meet
over the managership of the the needs of the People, did just
Express Department in San _ that,
Francisco, replacing Samuel P, On October 17, 1855, the list
Carter. Following Pardee'sarof Wells Fargo Express offices
rival, the company madeseveral had grown to include Angel's
acquisitions, The first was the Cam , Auburn, Benicia, Coloma,
purchase of Todd and Company Columbia, Crescent City, DiaExpress, Then came an exmond Springs, Dotan Bar, El
tension of their express sysDorado, Georgetown, Grass Valtem southward to include Los ley, Honolulu, H. I., Hornitas,
Angeles, through arrangements Ione Valley, Jackson, Jameswith the California State Comtown, Los Angeles, Mariposa,
pany. In July of 1854, the exMarysville, Michigan Bar, Mifanding company purchased chigan City, Mokelumne Hill,
Hunter and Company Express, Monterey, Mormon Island, Newhich operated in El Dorado vada City, Oregon City, Panaand Placer counties, Wells, ma, Columbia, Petaluma, PlaFargo and Company now owned cerville, Portland, Oregon,
a network of express lines coyPrairie City, Oregon, Rattleering every section of the state, snake Bar, Red Bluff, Rough &
They forged ahead in spite of Ready, Sacramento, San Animpending signals of financial dreas, San Diego, San Jose, Sanpanie, ta Barbara, Santa Clara, Shasta,
The financial panic became Sonora, Vaelecito, Volcano and
reality in California during the Yankee Jim's,
early part of 1855, OverspecThe company had organized
ulations and overdevelopment well and expanded. Ready to
were considered to bethecause. forge ahead even farther, it
Banks failed, and chief among gradually became the leader in
them were Page, Bacon and the express business in CaliforCompany,and Adams and Comnia.
pany. With the closing of their At the close of 1860, there
bank, the Adams and Company were very few mining centers
Express Company also collapthat did not have a Wells, Fargo.
Sed-as did several small suband Company office in them,
‘idiary companies, But Wells, The company had concentrated
Fargo and Company, while they its activities within the state
may have had problems, also of California, The arrival of the
had the backing of their New railroad in the west wasa'waitYork office, Bank depositors ing game," In the meantime, the
were paid as long as the money
ocean commerce, was a thrivingthe firm, who in turn, appointed that the company was reliable in
had been completed. Louis McLane to take charge either capacity that of banker
One month later, Wells Fargo of the California business, (Mcor
express shipper.
By the middle of the 1860's
ducing the use of government Wells Fargo and Company had
envelopes for letters with the purchased all of the stage coach
lines it had ridden in the beginning, as messenger, The
greatest staging empire in the
world was theirs, They expanded
try, Oregon,
Montana, Idaho and the Southwest; they carried mail, exPress cargo, and developed their
own police system to protect
valuable cargo from robbers,
Later, when the railroad rePlaced the six horse coach,
merchandise of all kinds were
carried by rail, The name of
Wells Fargo was, and has continued to be, as famous as the
West it helped to build and develop,
The principal predecessor
banks which have joined since
March 18, 1852, to form the Wells
Fargo Bank of today, are as
follows: Wells, Fargo and Company Express and Banking-1852;
San Francisco Accumulating
Fund Association-1854; Savings &
Loan Society-1857; San Francisco Savings Union-1862; Nevada Bank-1875; The American
Bank and Trust Company-1887;
Union Trust Company (Californis's First Trust Company) 1893;
Mercantile Trust Company-1899;
Wells Fargo Nevada National
Bank-1905; Wells Fargo Bank1954; Wells Fargo Bank American Trust Company-1960, and
Wells Fargo Bank-1962,
The expansion and growth of
Wells Fargo services has continued throughout the years,
Gold-dust, no longer considered
a marketable product has been
replaced with other product diversities, comprising a large
world trade. Wells FargoCompany today provides international banking services to importers, exporters, those with overseas affiliations, and travelers
Jasted in their California oflices, then cJosed for two days
for accounting purposes,
[con GRATULATIONS —
Alonz» (Old Block) Delano,
who in addition to being the ;
manager of Wells Fargo’s
Wells Fa
in Grass Valley, was an
author and an outstanding citiof the town. Some called
But he was
Sipg against the doors of his
bank, in an attempt to claim
their money, The run had been
heavy and Delano had been advised by his San Francisco supervisor to suspend further payInents, But Delano disregarded
the order and assured the anxfous throng that he would pay
them to the last dollar, from his
own pocket if necessary, This
Temark is believed to have been
the saving factor for the Grass
Valley bank, because miners and
others became subdued and left
the scene, In two days time,
Wells Fargo agencies reopened
their doors atSacramento, Placerville, Auburn, Nevada, Dotan's
Bar, Coloma, Diamond Springs,
Grass Valley, Sonora, Yankee
To Our New Neighbors
HE
rgo Bank.
Visit
Our
Shop
For
Your
Sweet
Tooth.
abroad, The many services offered by Wells Fargo to their
customers, are ‘based on tradition as old as the West, and
as solid, substantial and expansive, They face the future with
the same enterprising and opGrass Valley Nevada City
Stage Coach
at Grand
Opening
Wells Fargo Bank's famous
Concord stagecoach, the. BEN
HOLLADAY, will roll intoGrass
Valley Saturday, November 25,
to give rides to children at the
grand opening of the Bank's
new Mother Lode-designed quarters at 214 Mill Street.
The Grass Valley office will
formalize its opening at 1 p.m.
when dignitaries, led by Mayor
Richard Hales, arrive for ribbon-cutting ceremonies in the
stagecoach. An open house will
follow until 5 p.m,
While their elders inspect the
Bank's new premises and enjoy refreshments, children will
get a sample of what stagecoach travel was really like.
At the reins of the HOLLADAY's four-horse hitch will be
Virginia Fellingham, only known
lady stagecoach driver in the
United States who has worked
timistic spirit as their pioneer
fathers did before them-sure
and confident that the world
Promises even greater things in
the years ahead,
Upon the completion of their
new Mill street building, the
company of Wells Fargo conveys in no small way, the degree of confidence they place
in the future of Grass Valley.
Because, like Wells Fargo, it
too, will surely grow and expand,
Gold Rush
Celebration
Marks Opening
Wells Fargo Bank's Grass
Valley Office will hold a Gold
Rush-style celebration Saturday, to mark its formal opening
in new Mother Lode-designed
quarters at 214 Mill Street,
The festivities, which will
Start at 1 p.m., will include
a ribbon-cutting ceremony, the
arrival of the bank's centuryold stagecoach, Gold Rush-era
Music by the Wells Fargo
Agents of Sacramento, and an
open house,
Arriving for the ceremonies
aboard Wells Fargo's famous
Concord stagecoach, Ben
Holaday, will be Dick Hales,
mayor of Grass Valley, Bret
California THE UNION Friday, Nov. 24, 1967
rate the
like aged wood gi windows
second story level. high
are Biutteren with nine-forr is
fron doors of the Atel its
Fargo once used to ae S;
ley Office Manager Alfred B. gold from bandits fects tne
Dayton will share ribbon-cutting — The interior also TC st
honors, The open house will Mother Lode era with & d brick
follow until 5 p.m, designed fixtures, a eriod
For its new bank building in walls, wood paneling and Fit
historic Grass Valley, Wells wall paper, Even the va air
Fargo reached into its own past an authentic turn -of-the-ce 1d.
for a design that recalls its door finished in black and Poa
legendary banking and express In addition to a complete ay
career in the early West, The of banking services, the ae
old red brick Wells, Fargo & Grass Valley Office eles
Co, building at Columbia State provide customers with a
Park served as a basis for the car parking facility, exterior
Grass Valley Office design. walk-up and drive-up teller winBuilt of red brick, the new dows, complete safe deposit acquarters combine a one andtwocomodations and a night deposistory element capped with cortory.
belled brick cornices, Fancy, The office will open for formal
black wrought-ironbalconies and business in its new building MonMetal awnings treated to look day,
Bennallack, chairman, Nevada
County Board of Supervisors,
and State Assemblyman Gene
Chapple,
Mayor Hales and Grass Valwith horses since she was achild
on a Kansas farm,
In the 1860's the old coach
traveled the western loop of
the Great Overland Trail from
Sacramento to Salt Lake City.
Later it carried gold, news and
Passengers between San Francisco and the Mother Lode,
The HOLLADAY is the product of the Abbot, Downing &
Co., Concord, New Hampshire,
makers of the finest stagecoaches in the world,
Today it has a new career
appearing at Wells Fargo branch
Openings and community functions throughout Northern California,
WAGONS
of the
Old West
‘es x Collector's series of
45 Miniature wagons
3 complete to scale er
Kits of the Stagecoach, chuckwagon, orewagon complete with copper ore and
many other. From ....... $1.98
MERRITT’S
155 Mill Street, G.V. Ph. 273-9739
Wells Fargo in their new home all be proud of.
PARADE:
The Wells -Fargo Stage Coach will be in
Grass Valley, greeting the people of this
area and offering free rides to the public. Congratulations toWells Fargo Ban The Retail Merchant Committee
NOTIONS oc ese eects von wetenc ens ccc a
». Truly anew landmark to this area we can
TOMORROW Saturday, Nov. 25th
BON ALLURE
141 Mill St.
113 Mill St. 160 Mill St. 118 Mill St.
Sponsored by
ALPHA HARDWARE Co.
204 W. Malin St.
COLLIER’S SHOE STORE
GLAD-WYN'S
HATTOX JEWELERS
PHOENIX DRUG STORE
Brockington Manor Ctr. SAFEWAY STORES
Brockington Manor Ctr.
GIFT SHOP
the
Members of your local Retall Merchants Commiltteo
following ANITA’S
109 Mill St.
VIC BREUERS
143 Mill S¢.
CONWAY'S
138 Mill St.
GRASS VALLEY DRUG
124 So. Auburn St.
HEDMAN F
256 So. Auburn St.
RASCO
422 Henderson St.
TESS’ GIFT
145 Mill St.
Santa Comes To Town With Mumsie
Wagon. Santa will
of Grass Valley the
Saturday 1: P. M
the Clown in the Circus
be touring the streets
rest of the day,
URNITURE SHOP
Merchants ..
BENNETTS & SYEEL
128 Mill St.
COAST TO COAST
121 Mill Se.
FAMILY TREE
132 Mill St.
GRASS VALLEY HARDWARE
114 Mill Se.
J.C. PENNEY
115 Mill Se,
MERRITT'S
155 Mill St.
LU DELLS
128 Mill Se.
were oweves
3
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