Later Life
Cheney amassed a fortune estimated at $10,000,000. He was again elected a director of Wells Fargo upon the death of Leland Stanford in June 1893, and served until his own death in July 1895. His son then served as a director of Wells Fargo until August 1899.
Cheney's estate in Wellesley, Massachusetts has since become the Elm Bank Horticulture Center. He retired to this 198-acre (0.80 km2) property on the Charles River in his last years and occupied himself with beautifying the land with conservatories and gardens. He died on July 23, 1895.
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