This Date in Wells Fargo History This Date in Wells Fargo History. en Copyright 2019, Wells Fargo. All rights reserved. NMLSR ID 399801 Thu, 25 Apr 2019 history 360 Thu, 25 Apr 2019

April 25, 1894. We placed in the hands of every employee of this Company, Wells Fargo President John J. Valentine told his managers, a circular letter of the American Express Co. commenting upon the evils of drinking and gambling--and of official laxity in regard to them. Reflecting on the suffering and sorrow caused by inebriation, Valentine ordered that employees be asked to ponder seriously the evils of the drinking habit-- and the immense advantage that would accrue in the aggregate to the 6,000 employees of this Company in economy of time, saving of money, health, nerves and character by abstinence from the use of liquor in any form.

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