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
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