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Collection: Directories and Documents > Historical Clippings

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

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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 /.