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Fabro City, also known as Buffalo, is a port city on the east shore of Lake Erie in western New York, USA, located at the south mouth of the Niagara River, west of Fort Erie, Canada, across the Niagara River, is the second largest city in New York State, with developed industry and commerce

In ancient times, there were bison infested, and it was also a hunting place for Indians, so it was named Buffalo. After Columbus discovered the New World, European immigrants flocked to North America, and French traders in Buffalo had fur businesses here as early as the early 19th century.

By 1825, when the Erie Canal opened, Buffalo became the junction of the Lake District and the Erie Canal waterways, and the city's population grew rapidly.

Buffalo is a city that has risen because of its convenient transportation, and after more than a century of development, heavy industries such as steel, smelting, automobiles, and machinery have gradually developed, similar to cities such as Cleveland and Detroit.

The war in Europe also affected Buffalo. The flour processing industry here is very well developed, and along the waterfront river, Situ Nan looks along the riverside with huge warehouses that store large quantities of flour, soybeans, corn and other food products destined for Europe.

Buffalo has had two presidents, Millard Fillman and Grover Cleveland, and another president has fallen here, McLikin.

In 1901, the unfortunate fellow rushed to Buffalo to attend the Pan American Exposition, and while standing on the stage to give a speech, he was shot by an assassin who suddenly appeared, and died of his wounds within a few days.

That made it cheaper for then-Vice President Theodore Roosevelt, who was 41 years old at the time, rushed to Buffalo to pick up a pie -- take over as president and begin his extraordinary career.

Speaking of which, Buffalo is a bit like the blessed land of the Roosevelt family, but Situ Nan's visit to Buffalo this time has nothing to do with the Roosevelt family.

Soon after meeting with Franklin D. Roosevelt, Stuart returned to New York to visit the Wells family in Glen Park and buy a 15 percent stake in Wells Fargo.

Wells Fargo has recently become a favorite in Situ Nan's eyes, so he has to leave the bustling city of New York and come to Buffalo. For this matter, he has been planning for a long time, and has been in contact with the other party, and the negotiations have only recently yielded some results......

Wells Fargo was founded by two founders, Henry Wells Wells and William Fargo, who operated mail services in the Midwest of the United States.

When it comes to Wells Fargo, we have to mention American Express. American Express was formed in 1850 by the union of three different courier companies, Henry Wells, William Fargo and John Barfield, with its headquarters in Buffalo.

After its establishment, the company soon monopolized the transportation express business in New York State, and soon expanded the business westward, and soon took control of the transportation express business from New York State to the Central Great Lakes region.

But Amex shareholders are divided over whether to continue to expand westward into California and other western regions. In the '50s, when the Gold Rush was on the rise of the West, Henry Wells and William Fargo were bullish on the business and insisted on entering the California transportation market.

But it was opposed by John Buffett and other shareholders, so the two had to pull their own poles and stand on their own. They hit it off, and in 1952, just three years after the establishment of the Amex Company, Henry Wells and William Fargo founded the Wells Wells Fargo Company in New York. At that time, the registered capital was as high as 300,000 US dollars, and the main business was the transportation and express business in California and the east.

Of course, the newly established Wells Wells Fargo Company still maintains a cooperative relationship with Amex Company, because Henry Wells and William Fargo are still the majority shareholders of Amex Company, so Wells Fargo Company has maintained a close relationship with Amex since its establishment. The later FedEx Corporation was also formed by merging the transportation operations of these two companies.

In the late 1850s, Phu Quoc began to operate a coach-drawn wagon business. In the mid-1860s, there was a complete monopoly on carriage transportation between California and the East.

After the completion of the interstate railroad, Tong Guò acquired the shares of the railway company, and Phu Quoc became a giant in the transportation industry, mainly railroads and supplemented by horse-drawn wagons, covering more than 10,000 cities and towns in the United States in its heyday. As a result, Wells Fargo played an important role in the history of the development of the American West, and its fame spread far and wide in the western states, and the settlers and their descendants in the West had a favorable opinion of Wells Fargo.

Situ Nan just took a fancy to the brand of Fuguo, and having it was really helpful for starting his own banking business.

As for Wells Fargo's banking business, it originated during the Gold Rush, when Wells Fargo bought raw gold from gold diggers and sold gold coins. They transported the gold nuggets purchased from the west to the east, and then shipped the gold coins minted from the east back to California, as a way to communicate between the east and the west, and promote the development of the west.

In 1905, Wells Fargo spun off its banking and transportation businesses, and the Banking Division merged with the National Bank of Nevada in the same year to form what is now known as Wells Fargo.

Rooted in the golden veins between the western Golden State and the eastern region of the United States, Wells Fargo has grown over the decades, and Wells Fargo has become the most prestigious bank in California today.

The east of the river goes to the waves, and the characters are romantic through the ages. Fast forward and Henry Wells and William Fargo are now in the dark, but their families still control Wells Fargo and Wells Fargo.

But things seem to have changed since Stuart bought their Wells Fargo stake from the Wells family in New York, because how could the ambitious Stuart be satisfied with such a small stake, he wants the whole Wells Fargo and Wells Fargo Bank, not just a bystander who can only make his voice heard at the shareholders' meeting.

In order to reach a deal with the Wells family, Situ Nan had to reluctantly give up part of the equity of Bethlehem United Steel, but fortunately, Bethlehem United Steel Company is now more than Wells Fargo, and giving up a little equity will not affect Situ Nan's control of the steel company.

It was a win-win partnership, and for the Wells family, the Wells family had not held a position in the company since the retirement of Henry Wells, the founder of the Wells Corporation, in 1867, and the management was in the hands of the Fargo family.

William Fargo succeeded Henry Wells as president and chairman of Wells Fargo, and after his death, the company passed into the hands of his younger brother, James Fargo. James Fargo also serves as Chairman of American Express.

It can be said that the history of Wells Fargo and Amex is the family history of the Wells and Fargo families, who surpassed the western banking industry of the United States and the transportation industry of the country.

This should have been nothing to do with Situ Nan, but the good news is that after the death of James Fargo the year before (1915), the Fargo family has not found a suitable successor, and after the United States opened the Panama Canal, the transportation business in the east and west has also been partially swallowed up by the gradually developing maritime transportation, which is not very good news for the rich country company, which has always been mainly rail transportation.

Moreover, Wells Fargo has always been known for its prudent and pragmatic business strategy, which is completely the practice of a well-behaved commercial bank by absorbing deposits from the private sector and then distributing them to small and medium-sized enterprises or individuals to earn the difference.

Like a good child, or like an old farmer who is deeply cultivated, Wells Fargo rarely operates risky speculative business, but just makes money safely and steadily, not greedy, not jealous of others, step by step, and its strength has been growing relatively slowly and steadily.

In his previous life, Situ Nan was no stranger to Wells Fargo. As the saying goes, there are gains and losses, although the steady Wells Fargo is not as fast as Citigroup, Morgan and other banks that are keen on big investment and speculation, and they are not as glamorous as the big banks on Wall Street, but a hundred years later, it is the stable Wells Fargo that has escaped the world-class subprime mortgage crisis.

In Situ Nan's previous life, in the subprime mortgage crisis on Wall Street, Wells Fargo stood out and was praised by the world. Not only did it suffer little damage, but it also took the opportunity to swallow up a number of troubled banks, expand its strength, and become a first-class commercial bank in the United States.

This is the Wells Fargo that has been built up for a hundred years.

Situ Nan thought silently.

The persistence of honest people has a lovely side, but people always have a speculative heart, and in the face of temptation, it is estimated that most people still choose to speculate with greater returns, right?

Situ Nan is no exception. Back in the turbulent twentieth century, Situ Nan repeatedly succeeded in oil and financial speculation, but this was all based on his foresight of history, and deep down, he still admired Wells Fargo's down-to-earth, painstaking and principled approach.

He called it the spirit of industry.

People are not rich without windfall, but windfall is just floating wealth, if you can't invest in specific causes, and continue to blindly speculate and gamble, the windfall will eventually drift away with the wind.

California and Texas are the places where Stuart Nan is prosperous, and he has always been committed to developing local manufacturing. In his plan, whether it is Occidental Petroleum or California Steel, and the future aircraft company, it is the skeleton of his own economic giants, and the banks are the maintenance of the empire's constantly evolving blood circulation system.

Now that the bones of this giant have grown into a rudiment, it is time to continuously add nutrients to it and enhance the hematopoietic function, and Wells Fargo is a rare fresh blood, how can it be spared?

Situ Nan has regarded California and other nearby states as his own land, and now he occupies a lot of land, and the rest will naturally be cultivated well, and Wells Fargo is a diligent old farmer in Situ Nan's mind.

But can you get this old farmer lightly?

Mixed with doubts, expectations, and determination, Situ Nan decided to enter Buffalo, the territory of the Fargo family, and his goal was not only the old farmer Wells Fargo, well, if he had the opportunity, but also to take the cow of the Amex Company away by the way.

(To be continued!) Ask for a collection recommendation! ）

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PS: "Fuguo" is actually a homonym for "Fargo", but Fuguo is more beautiful, so the Chinese translation replaces "Fargo" with "Fuguo".

Feel free to recommend my friend's book "The Great Qing Dynasty Bad Master", and friends who want to read Brother may wish to take a look. Hehe.

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