18th MARCH ~ HISTORY ON THIS DAY

March 18th ~ This Day in History video by History.com ~ 1852: Henry Wells and William G. Fargo joined with several other investors to launch their namesake business in New York City, on the 18th March 1852. The discovery of gold in California in 1849 prompted a huge spike in the demand for cross-country shipping, so Wells and Fargo decided to take advantage of the great opportunity. In July 1852, their company shipped its first loads of freight from the East Coast to mining camps around northern California. The company contracted with independent stagecoach companies to provide the fastest possible transportation and delivery of gold dust, important documents and other valuable freight. It also served as a bank for buying gold dust, selling paper bank drafts and providing loans to help fuel California’s growing economy. | & more about history on this day in the video…