Early Business Ventures
In 1837 at the age of 25, Russell left the Aull and Ringo firm to strike out on his own. He helped to organize the Lexington First Addition Company in 1840 with his future partner, William B. Waddell. In 1844, using borrowed money, Russell created the partnership of Bullard & Russell with James H. Bullard to open a general store. This partnership soon welcomed an additional partner in E.C. McCarty and expanded to shipping goods to Santa Fe. He then went on to become a partner in the established firm of Waddell, Ramsey & Co. While some of these early business ventures ended in failure, by 1848, Russell was successful enough to build a 20-room mansion in Lexington, Missouri.
In 1850, in partnership with James Brown, and John S. Jones, Russell entered the military freighting business and sent 135 military goods.? This partnership dissolved soon after the death of Brown in 1850. In 1852, he re-partnered with William B. Waddell to form a mercantile firm; by 1854 they freighted military supplies to Santa Fe.
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