Later Life
Tevis said he could think five times as fast as any man in San Francisco. Often he proved it. However, in later years it is said that he relaxed banking practices too much. John J. Valentine, Sr. and other Wells Fargo directors were critical of his administration following an extensive audit in 1891. On August 11, 1892, Tevis was forced out as president of Wells Fargo with Valentine elected his successor. Further pressure resulted in Tevis' resignation from the board of directors a year later, on August 10, 1893.
Two months after selling his interest in the Anaconda properties, Tevis died in San Francisco on July 24, 1899, survived by his wife and five children.
Read more about this topic: Lloyd Tevis
Famous quotes containing the word life:
“And he thought to himself...., ‘Soul, you have ample goods laid up for many years; relax, eat, drink, be merry.’ But God said to him, ‘You fool! This very night your life is being demanded of you. And the things you have prepared, whose will they be?’”
—Bible: New Testament, Luke 12:17-20.
“She never dies, but lasteth
In life of lover’s heart;
He ever dies that wasteth
In love his chiefest part.”
—Sir Philip Sidney (1554–1586)