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This Date in Wells Fargo History

May 25, 2015

May 25, 1881. In the years before federal government entitlements, voluntary organizations cared for their members. "It is the duty of every man to provide for his family during his life, and equally his duty to make provision for them after his death," general superintendent John J. Valentine told all Wells Fargo employees. The Expressmen's Mutual Benefit Association was organized that you might make such provision." Valentine backed words with deeds. "The Express Companies, with a view of assisting all their employees, have endorsed this Association with a yearly donation." As with current employee health plans, he concluded, "It is cheap and reliable, and you cannot afford to be without it."