Wells and Fargo also started Wells Fargo & Co. Fargo (Livingston, Fargo & Company), and John Warren Butterfield (Wells, Butterfield & Company, the successor earlier in 1850 of Butterfield, Wasson & Company). It was founded as a joint-stock corporation by the merger of the express companies owned by Henry Wells (Wells & Company), William G. In 1850, American Express was started as an express mail business in Buffalo, New York. Fargo as Secretary and Henry Wells as President Share of the American Express Company, issued 13.
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