Henry Wells Quotes


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The railroads that opened up the West are often used as examples of American corporate and entrepreneurial achievement. But private enterprise would not risk the capital for such a visionary and innovative scheme. It was the Federal Government which provided loans to start and paid for every mile of track with huge grants of land along the right of way. Then the Federal government provided the security and conducted numerous wars against the Indians to make the construction and operation possible. Had the Government and President Lincoln not pushed and supported the plan, there would have been no transcontinental railroad.


Henry Wells
Henry Wells
  • Born: December 12, 1805
  • Died: December 10, 1878
  • Nationality: American
  • Profession: Banker

Henry Wells was an American businessman important in the history of both the American Express Company and Wells Fargo & Company.