Wells Fargo & Company
Ashbel Barney remained in Cleveland when his brother Danford moved to Buffalo, New York, in 1849. In 1857 Ashbel moved to New York City, where Danford had located the previous year.
On November 17, 1859, Ashbel Barney was elected a director of Wells Fargo & Company in place of James McKay, who had resigned. Barney was president at various times of Wells Fargo, the United States Express Company, and the Northern Pacific Railroad. He was vice president of Wells Fargo from the beginning of 1867 until 1869 when he succeeded Louis McLane as president. During his presidency Lloyd Tevis acquired a controlling interest in Wells Fargo. Barney stepped down as president of Wells Fargo in 1870 and was succeeded by William G. Fargo that year and by Tevis in 1872.
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