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Stagecoaches2 carried what is now America's fourth-largest bank to success
Ted3 Landphair | Washington, DC 11 March 2010
You probably didn't believe it when we said Wells Fargo's stagecoaches could hold up to 18 people, plus baggage. Here's proof!
One of the multi-billion-dollar financial service companies that has survived the corporate4 mergers5 of recent years is Wells Fargo Bank. It mushroomed from a regional institution based in San Francisco, California. But it got an even more thrilling start on the dusty trails of the Old West.
All clean and polished, Wells Fargo's Concord6 stagecoaches were beauties. On the dusty trail, not so much.
You often see the Wells Fargo name in western movies and television shows. It was an express company whose stagecoaches carried passengers as well as gold, silver, and strongboxes stuffed with cash - helping7 to open the rugged8 West in the process.
Wells and Fargo were two different people. Henry Wells and William Fargo helped start another, even more famous, express company - American Express, based in New York.
Here's the marquee sign from the old Fargo Theater in the North Dakota town of the same name - named for one of the Wells Fargo partners.
Fargo was also a railroad man. His Great Northern Railroad ended, at the time, in a little town that took his name: Fargo, North Dakota.
When gold was discovered in the California mountains in 1849, Wells and Fargo urged American Express to expand its operations out west. No way, said its board of directors. So the partners began a company of their own in San Francisco. It was a freight and stagecoach1 company with a banking9 arm that made loans to miners, invested in property, and succeeded beyond Wells and Fargo's wildest dreams.
Wells Fargo's rugged but beautiful Concord stagecoaches, built in New Hampshire and employed all across the country, became symbolic10 of the dangerous journeys across the western plains and mountains. Amazingly, in addition to heavy strongboxes and baggage, a Concord stagecoach could carry as many as 18 people, squeezed inside and up top, front and back.
This photo of a Wells Fargo treasure wagon11, used to haul gold out of the hills near Deadwood, South Dakota, was taken in 1890.
During World War I, the federal government nationalized all the express companies. So Wells Fargo switched to fulltime banking.
And its wealthy directors today are no doubt glad it did. The merged12 bank has almost 15,000 branches. And not a single stagecoach crosses the country any more.
1 stagecoach | |
n.公共马车 | |
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2 stagecoaches | |
n.驿马车( stagecoach的名词复数 ) | |
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3 ted | |
vt.翻晒,撒,撒开 | |
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4 corporate | |
adj.共同的,全体的;公司的,企业的 | |
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5 mergers | |
n.(两个公司的)合并( merger的名词复数 ) | |
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6 concord | |
n.和谐;协调 | |
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7 helping | |
n.食物的一份&adj.帮助人的,辅助的 | |
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8 rugged | |
adj.高低不平的,粗糙的,粗壮的,强健的 | |
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9 banking | |
n.银行业,银行学,金融业 | |
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10 symbolic | |
adj.象征性的,符号的,象征主义的 | |
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11 wagon | |
n.四轮马车,手推车,面包车;无盖运货列车 | |
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12 merged | |
(使)混合( merge的过去式和过去分词 ); 相融; 融入; 渐渐消失在某物中 | |
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