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Henry Wells

Portrait of Henry Wells For other persons named Henry Wells, see Henry Wells (disambiguation).

Henry Wells (December 12, 1805 – December 10, 1878) was an American businessman.

He was born in Thetford, Vermont but his family relocated to New York State as a child. Due in large part to his own speaking problems, in his twenties Wells started a school for speech disorders.

In 1836 he became a freight agent on the Erie Canal and soon founded his own company. In 1841 Wells hired William Fargo and the two men soon formed the American Express company. Wells was president of American Express from its founding in 1850 until 1868.

In 1851 Wells and Fargo with other partners founded the Wells Fargo Company. The company held a near monopoly on banking and express services in California for several years.

Henry Wells founded Wells College in Aurora, Cayuga County, New York with an endowment to make it one of the first women's colleges in the United States.

Wells died in Scotland in 1878, two days before his 73rd birthday.

See also

Preceded by
No one CEO of American Express
1850-1868Succeeded by
William Fargo
v • d • eAmerican ExpressPayment Products Credit cards • Charge cards • Traveler's cheques • Centurion Card • Red Card • ExpressPay • Plum CardMagazines Travel + Leisure • Food & Wine • Departures Magazine • Executive Travel • Black Ink Spun-offcompanies Ameriprise Financial • First Data Corp. • Lehman Brothers • American Railway Express Agency • Merchants Despatch  Notable Current & Former Executives Henry Wells • William Fargo • J.C. Fargo • Ralph Reed • James D. Robinson III • Lou Gerstner • Sandy Weill • Harvey Golub • Ken Chenault  CorporateDirectorsKen Chenault (Chairman) • Daniel Akerson • Charlene Barshefsky • Ursula Burns • Peter Chernin • Vernon Jordan, Jr. • Jan Leschly • Rick Levin • Richard McGinn • Edward Miller • Frank Popoff • Robert Walter • Ron WilliamsOther Amex Bank of Canada • The Adventures of Seinfeld & Superman • World Monuments Watch • The Great Salad Oil SwindleAnnual Revenue: $24.27 billion USD(▲ 10% FY2005) · Employees: 65,800 · Stock Symbol: NYSE: AXP · Website: www.americanexpress.com
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Categories: American Express | United States business biography, 19th century birth stubs | 1805 births | 1878 deaths | American businesspeople | People from Vermont | People from Cayuga County, New York | Scottish-Americans | Wells Fargo

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