Early Business Ventures
In 1835, Waddell again moved his family, this time to Lexington, Missouri, where he opened another dry goods store on the waterfront near Jack's Ferry. In 1837, he joined William Hepburn Russell, and others in creating the Lexington First Addition Company, the Lexington Fire and marine Insurance Company and the Lexington Female Collegiate Institute. He was also able to build a brick store and a hemp warehouse.
Waddell's first experience with the freighting business came through his partnership with Russell in 1853, they created Waddell & Russell, a wholesale trading firm. Later that year, they hauled military supplies by wagon train to Fort Riley, Kansas, and Fort Union, New Mexico. The firm failed to obtain a contract the following year.
Read more about this topic: William B. Waddell (Pony Express Founder)
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