Online Encyclopedia

WILLIAM GEORGE FARGO (1818-1881)

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Originally appearing in Volume V10, Page 177 of the 1911 Encyclopedia Britannica.
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WILLIAM GEORGE FARGO (1818-1881)  ,
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pioneer
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American expressman, was born in
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Pompey, New York, on the 2oth of May 1818 . From the age of thirteen he had to support himself, obtaining little schooling, and for several years he was a clerk in grocery stores in Syracuse . He became a freight agent for the Auburn & Syracuse railway
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company at Auburn in 1841, an express messenger between Albany and
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Buffalo a
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year later, and in 1843 a
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resident agent in Buffalo . In 1844 he organized, with Henry Wells (1805-1878) and Daniel Dunning, the first express company (Wells & Co.; after 1845 Livingston & Fargo) to engage in the carrying business west of Buffalo . The lines of this company (which first operated only to
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Detroit, via Cleveland) were rapidly extended to Chicago, St Louis, and other western points . In March 185o, when through a consolidation of competing lines the American Express Company was organized, Wells became president and Fargo secretary . In 1851, with Wells and others, he organized the
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firm of Wells, Fargo & Company to conduct an express business between New York and
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San Francisco by way of the Isthmus of
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Panama and on the Pacific coast, where it long had a virtual monopoly . In 1861 Wells, Fargo & Co. bought and reorganized the Overland
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Mail Co., which had been formed in 1857 to carry the
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United States mails, and of which Fargo had been one of the
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original promoters . From 1862 to 1866 he was mayor of Buffalo, and from 1868 to his
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death, in Buffalo, on the 3rd of August 1881, he was president of the American Express Company, with which in 1868 the Merchants Union Express Co. was consolidated . He was a director of the New York Central and of the
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Northern Pacific
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railways .

End of Article: WILLIAM GEORGE FARGO (1818-1881)
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