Henry Wells
Henry Wells
(
December 12
1805
-
December 10
1878
) was an
American
businessman. He was born in
Thetford, Vermont
and moved to
New York
as a child. He started a school for speech disorders in his twenties, due to his own speaking problems. In
1836
he became a freight agent on the
Erie Canal
and soon founded his own company. In
1841
Wells hired
William Fargo
and soon the two men formed the
American Express
company. Wells was president of the company 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, New York
with an endowment to make it one of the first women's colleges in the
United States
. Wells died in
Scotland
. Wells, Henry Wells, Henry
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