February 09, 2016
February 9, 1899. Isaias W. Hellman, noted Los Angeles financier and Wells Fargo Bank's president for 15 years, had an offer to make to the McMinnville National Bank in Oregon. Cashier John F. Bigelow wrote to the Yamhill County cashier E.C. Apperson, saying "We shall be pleased to have your San Francisco account" -- but: "We do not, however, allow interest on balances or on deposits -- and we do not think any other first class Commercial Bank here does." What Hellman did offer, though, was "prompt and very careful attention to all business entrusted to us."