Later Life
Wells retired from the board of Wells Fargo in 1867. He also retired as president of American Express in 1868 when it was merged with the Merchants Union Express Company under the presidency of William Fargo. Also in 1868, Wells founded Wells College in Aurora with an endowment to make it one of the first women's colleges in the United States.
One of Wells' last ventures was the Arizona & New Mexico Express Company, of which he was president in 1876.
Henry Wells died in Glasgow, Scotland, on December 10, 1878, two days short of his 73rd birthday. He was brought home for burial in Aurora and was buried at Oak Glen Cemetery in Aurora.
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