This Date in Wells Fargo History

November 26, 2015

November 26, 1863. Individual expressmen often took risks that larger companies would not make. One of these was Ned Tracy, Wells Fargo's agent in Portland, Oregon. In August 1861, he ran an express into the newly-discovered glorious goldfields of Idaho, and two years later, Wells Fargo purchased Tracy's Express.

"We could hardly conceive a more potent argument in favor of the richness and permanence of our Northern gold mines," the Portland Oregonian said. "It is pretty certain that a business House of the tact and experience of Wells, Fargo & co. would not pay such a sum [as $3,000] to secure the route of any other company, unless they were confident of realizing a handsome percentage on their investment."