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Ileana

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When was the last time you lost $2,150? And because of a hole—not in your pocket, but in your stocking!

The Wells Fargo History Museum in San Francisco recently opened a new exhibit, "Women Making Financial History." It interprets the many different roles women have played and are playing in the financial world: as bankers, as customers, as pioneers; even as images on currency. If you’re in town, I’d definitely recommend you check it out.

(But until then, take a look at the mini-site about the exhibit, sort of a "sneak preview.")

One of the interesting stories on the site is one about how banks in the early 20th century accommodated the needs of their female customers. For hundreds of years women had typically been financially dependent on their husbands or family. It was in the late 19th century that a large number of women began to join the workforce, and therefore, gain economic power. Banks took notice, and they realized that women were a different type of customer. They needed and wanted to be treated differently.

Maybe even have a separate room to do their banking. I know, it sounds bad, right? But the reason is that many women didn’t trust banks. They had for years carried their valuables and money in their stockings or underneath their blouses. Imagine just how uncomfortable it would be, going to make a deposit and having to dig for your money in front of all the male bankers and the other customers! And, at a time when female propriety was often scrutinized, this wouldn’t be very ladylike.

But as Mrs. Shore found out when she lost $2,150 worth of jewels, through a hole in her stocking, it wasn’t the safest place for keeping valuables. Maybe a bank, with a little privacy, was less inconvenient than risky hosiery. Banks "got it" — the "stocking room" was created. Here was a special room, just for the ladies, where they could do their banking. And of course, ready their deposits in private.

Creation of the stocking room shows an interesting paradox: banks treated women differently on account of their sex, as society has for thousands of years. BUT, it also shows that society was beginning to value and better understand women’s economic importance. Banks were doing what they had to to gain women’s trust, and women's business.

To me, the stocking room shows an interesting shift. Though it physically separated the sexes, its intention, strangely enough, was a step towards gender equality: women were being recognized for their financial power, and were being encouraged to join the banking world.

As a modern woman, I’m not sure how I feel about the need for a separate room to do my banking just because I’m female. But then, I don’t wear stockings full of jewels!

Phyllis

...and they will come.... 

Minnesota may not be the center of the world in many respects, but the world certainly comes to visit us. Over a span of just two days, the Wells Fargo History Museum in Minnesota had visitors from six different countries.*

First was a group of visitors from Iceland , who were on a trip tracing the paths of emigrants  from Iceland to the United States. They were followed by a research scientist from Scotland, who came back the next day to show us photographs of the museum that he'd created in his village to document their local history. Next were families from France and Australia.

Then a couple from Wales asked me, "What does Wells Fargo do now that they're not an express company?”

And finally, a couple from Mexico visited us – they were in town for the Twin Cities Marathon. 

I love our local visitors — our team members and school children — but there's just something special about hosting international visitors. Our roots may be deep in Minnesota soil, but it's nice to know that we branch out all over the world.

*You could say seven different countries — if you count the Packers fans  visiting from Wisconsin!

Charles

Saturday, October 17, marks the anniversary of the Loma Prieta earthquake in the Bay Area. We've posted some stories this past week of people who remember the day.

Also this past week, millions of Californians participated in the "The Great California Shake Out,"   a series of events that became the biggest earthquake drill ever. That morning 20 years ago, just about everyone everywhere was ducking, covering, maneuvering, practicing, checking. We're ready — but you can't be too ready, of course. That's why we practice, practice, practice.

Meanwhile, the Bay Area Chapter of the American Red Cross  has its own "Memories of Loma Prieta"  feature on its website. Wells Fargo and its team members have long supported communities with financial and human capital, and there are so many other groups who do as well. The Red Cross is one such organization that truly helps build community.

Three and a half years ago, Guided By History was born to commemorate the centennial of the San Francisco Earthquake and Fire on April 18, 1906. This year, with the 20th anniversary of Loma Prieta on October 17, we remember and continue that first mission. We want to help you prepare and stay prepared. So here's a suggestion:

On April 18, check the batteries  in your smoke detector, and double-check your gas and water main valves.  On October 17 — a near-perfect six month's time — check your disaster kit and stash , replacing any supplies that have expired or look old and worn. Use these dates as reminders to be ready for natural disasters.

Remember and Prepare!

Charles

Naomi Ishida is with Wells Fargo's Customer Connection. In October 1989, Naomi assisted then-CEO Carl Reichardt.

About October 17, Naomi remembers, "I wasn't even here at the Bank — I was at the World Series game! You can tell where my loyalty was on that day."

Naomi was at Candlestick Park  to see the San Francisco Giants host the Oakland Athletics in Game 3 of the World Series.  The Fall Classic that year was dubbed "The Bay Bridge Series," after the span that connects Oakland and San Francisco. The powerful A's had taken the first two games in Oakland over the weekend, and were flyin' high on the strength of "The Bash Brothers" and the derring-do of Rickey Henderson. The Giants had their backs to the wall as the Series moved to the 'Stick.

The game was scheduled to begin after 5 p.m. on Tuesday the 17th. Many in the Bay Area took the day off to see the game, or left early to get home and watch it on TV. At 5:00, the game aired on ABC. Four minutes later, the earthquake struck. 

"It shook pretty good at the ballpark," Naomi says. "The light standards were swaying back and forth. With the sound of the rumble, lots of fans thought folks were stomping their feet in excitement of the ballgame starting, before we all realized it was an earthquake."

"Some fans had small TVs with them," she continues, "and we quickly realized how bad this was. Surprisingly — and thankfully — once we were told to evacuate the ballpark, everyone was calm and exited as quickly but as calmly as possible...."

Charles

My friend Mike Majoulet works in Wells Fargo Brand Management. He makes sure our communication looks right — that logos are where they belong, that signs in stores say the right thing and don't get in your way, and that Historians don't tell the story wrong just to get a laugh. Yes, Michael is the Chief!

He also has a good story about his experience in 1989, the day Loma Prieta struck. (CR)

"I was managing the Baker Hamilton  building on October 17, 1989. The Baker Hamilton is a brick and timber warehouse at 7th and Townsend Streets, a part of San Francisco for over a century. The building was 290,000 square- feet and historic — which means unreinforced.

"The Baker Hamilton  is a 4-story monolith of a building, built in 1904. The company was the largest hardware distributor west of the Mississippi probably up to the 1950s. The building rests on huge redwood tree piles driven about 75 feet into the ground. It survived the 1906 quake very well. My understanding is that hardware from Baker Hamilton was key to getting the City on its feet in 1906. In fact, Baker Hamilton distributed things like shovels, axes and housewares the day of the earthquake in '06.

"At the time I managed the property, it was mixed use — storage in the basement, and furnishings retail on upper floors. I was at my desk when the quake hit. Remember, this is a brick and timber building and the timbers are 2 feet square on the top floor where I had my office. I was sitting there and I could not quite believe what I was seeing. Suddenly, those timbers were more like rubber bands, almost liquid in undulation!

"There was grinding, bumping, and thumping all around me as the quake's waves passed through. Files flung open on one side of the room, and slammed shut on the opposite wall. Wild stuff! It felt like it would never stop, but as we all know, it did. I was sitting in disbelief as 90 years of dust was unleashed from the wood-slat ceiling above me. The room was golden from the sun hitting the dust particles.

"I suddenly remembered I was the building manager and had the responsibility of making sure all my tenants were OK — who cares about the building!

"With my heart in my throat I ventured into the building to see what happened. Luckily, there were no injuries, but there was furniture everywhere, as most tenants sold home furnishings. Some were much more concerned about their stock and not the possibility of another quake, so I 'ordered' everyone out. We didn't have a major aftershock, but as we started looking around outside, we quickly saw the city was in bad shape. A block away, several people were crushed to death when that brick and timber building lost its walls. Cars on the sidewalk were now only two feet high, flattened under bricks.

"I managed to make my way home to Tiburon that night, driving under the freeway that ran along the Embarcadero — which was condemned the next day. I drove across to Van Ness Avenue , because you couldn't continue along the Marina, which was all rubble  and flames.  I ended up in Pacific Heights on Divisadero Street : When I came over the crest of 'Divis,' heading down toward the bay, I saw the Marina  on fire. Most, if not all, electricity was off, so the glow was heightened that evening.

"I was very nervous about what my home might look like, considering what I'd just experienced. But it was weird...I had 2 pendulum clocks in the house. The table clock in the living room had a pendulum that swung east/west and always ran. But it stopped that day at the exact time of earthquake. The second clock was on a small wall between bedrooms, and I never ran it because the 'tick, tick, tick' and my sleep didn't get along. Its pendulum swung north/south. When I got home, that clock was running.

"I’d still take a quake over a tornado."

Charles

Joycee Wong is Curator at Wells Fargo's San Francisco History Museum. (Her previous blog is here!) For Hispanic Heritage Month, Joycee reflects on the common sense we all have of celebrating family and life, whether we hail from Oaxaca or Hong Kong. (CR)

Recently, I went to the memorial park to pay respects to my dearest mom on the 4th anniversary of her death, lugging 2 large handle bags. In them were some flowers and vases, a thermos of tea and a freshly made scone, a camera (to capture the visit and share with out-of-town family later), a few old letters (to reminisce) and some tissues (for the inevitable tears). All this was my paraphernalia for a visitation to my mother's columbarium where her ashes are kept in a peaceful sanctuary.

I am reminded of the similarities between cultures when I saw a flyer a few days earlier about "Day of the Dead"  celebrations that will take place this month among many Hispanic families.

If you've never heard of it, "Day of the Dead" (El Día de los Muertos)  isn't some macabre Halloween game, but a time-honored tradition going back almost 3000 years. This holiday focuses on gatherings of families and friends, for prayer and to remember friends and family who have died. Traditions include building private altars, making sugar skulls, displaying marigolds and serving the favorite foods and beverages of the departed. Everyone visits graves with these gifts.

As a Chinese-American, I grew up with light touches of traditions on the multitude of Chinese holidays and celebrations, including those honoring our deceased loved ones. Growing up in Hong Kong, I remember periodic excursions to the cemetery where my parents and sisters — saddled with armloads of food, flowers, and cleaning supplies — spent a few hours with my paternal grandmother who was buried there. Honoring the dead according to Chinese customs require certain rituals, which our family followed to some degree....

Ileana

Picture this: It's 1886, you're a restaurant owner in Aguascalientes, Mexico, and you need a new refrigerator. (Yes, they had them! Not your Frigidaire  or anything, but they had them.) You would especially like one of the latest, most efficient models, but can't find one anywhere. What do you do?

Wells Fargo has you covered.

We're currently celebrating Hispanic Heritage Month, and I found it the perfect time to share one of my favorite artifacts at our L.A. museum. We call it the Guia. The whole name is quite a mouthful: "The "Guide for the Department of Sales and Commissions of Wells Fargo: Where and How to Buy American-Manufactured Items." This Spanish-language guide was printed in 1886, and it's basically a guide Mexican consumers and business owners could use to purchase a variety of items from the U.S. Wells Fargo had many offices in Mexico and would ship all over the country. The company had guides like this handy for customers. Agents would have samples of products and prices, and they took orders.

The introduction to the guide states that gone are the days of "taking advantage of friends and acquaintances who travel" by asking them to get you so-and-so item during their visit abroad (I think many of us are occasionally guilty of this even today, though) or entrusting such orders to strangers.

Wells Fargo's Express was easier, faster and more reliable. You just placed your order at an office, and you could get American-made items delivered to you from hundreds of miles away!

The items offered in the Guia were ones that were difficult to find or not found at all in Mexican markets. Making it convenient for people to order all sorts of items certainly helped the development of modern commerce in Mexico.

This guide is definitely a fun "read." It has any kind of item you can think of: shoes, carriages, farming equipment, dentist tools, cookies, music boxes, dried coconut...you name it!

And yes, refrigerators.

Charles

It's that time of year again! We haul out the decorations, start addressing cards to loved ones, plan get-togethers...Yes, it's Hispanic Heritage Month , one of my favorite times of the year.

These past couple years here at GBH, we've reflected on Salvadoran heritage, famous customers and a memorable team member. We got a well-timed visit from a norteño band. Hispanic business has certainly a part of Wells Fargo's success. Latino customers transact business, and Latino team members provide customer service.

Wells Fargo's Express network moved from east to Golden West via Panama.  Wells Fargo had agents in Panama to assist pioneers in their journey to the Gold Rush. In January 1853, Henry Wells traveled by sea to San Francisco, to assess the business.

From Panama, he wrote, "I am alive & kicking but awful sore & some tired. I have found our Agents the very best men on the entire route — men of the highest standards & great energy."

In North America, Overland stagecoaches rolled through territories that had been northernmost Mexico only a few years earlier. Colorado House was opened in Old Town San Diego in 1852 and housed the Wells Fargo Express office. Jose Guadalupe Estudillo, scion of an old Californio  family, became Wells Fargo Agent in 1870.

In Wells Fargo's early years, gold and other important business were carried by side-wheel steamships from the Columbia River basin to points in Latin America. The steamers called at Cabo San Lucas, Mazatlan and Acapulco, where Wells Fargo agents served the growing Pacific Coast communities.

Wells Fargo established a Mexican subsidiary in 1860, Wells Fargo y Compañía Express, S.A. (Sociedad Mexicana). Offices were opened in grocery and department stores, hotels, drug stores and real estate offices.

Wells Fargo's business in Mexico (pdf) grew with the expansion of railroads in the last half of the 19th century. Wells Fargo provided rapid delivery and was the only U.S. express company offering direct service. By the turn of the century, la Compañía had over 300 offices, and fully ninety-eight percent of employees were Mexican.

Wells Fargo's first General Agent in El Salvador was J.C. Ybarra (pdf) in 1913. He oversaw thirteen agents and their offices, five messengers and seven other workers. Ybarra was an eyewitness to Wells Fargo's role in the economic stability of that era. He wrote that he and his staff had the "honor of being employees of a Company which has enlarged, in the commercial history of the New World, the era of progress and prosperity." In Cuba, (pdf) Wells Fargo had regularly scheduled business via steamships since the late 1800s. Wells Fargo handled money orders and traveler's checks for Cubans and tourists, and expanded steamship services to various destinations from the island.

We all personally celebrate Hispanic Heritage Month because we Historians are keenly aware that Hispanics have been a critical part of Wells Fargo's presence since the very beginning.

Ryan

Here's an interesting question: What State had the first national bank charter on the Pacific Coast, and what city was it in?

While most people may think the first national bank was in California — and may guess San Francisco as the city — the first national bank on the Pacific Coast was actually chartered in Portland, Oregon. It preceded any California national bank by five years.

On July 4, 1865, a group of merchants and civic-minded Portlanders banded together and applied for a national bank charter under the name "First National Bank of Oregon." After months of waiting, the group found out that the Office of the Comptroller of the Currency  (OCC) had modified their application with a name of "First National Bank of Portland."  The OCC believed the "Oregon" name too general and that it might confuse creditors as to the bank's physical location. Within months, the bank had national bank notes with its name and 1553 charter number on-hand to circulate in the local community. (Remember that the first charter granted to a California institution was #1741 in 1870.)

First National Bank of Portland was the only national bank in Oregon until another was chartered in 1882. Even after competition blossomed, First National grew to be the largest bank in Oregon. It was known as a conservatively run bank, with regional correspondents in nearly all communities throughout the State.

In 1930, First National Bank of Portland became the cornerstone holding of A.P. Giannini's  start at building an interstate banking network — Transamerica  — long before others saw the need. With Giannini's support, First National Bank of Portland continued an amazing growth trend, through acquisitions and new branch openings, even during the depth of the Great Depression. 

In 1981, the old "First National" freshened up its name as First Interstate Bank of Oregon, N.A., part of a uniform banking franchise that spanned eleven western states. Fifteen years later, First Interstate Bank of Oregon would cede its banking charter as part of FIB's merger with Wells Fargo.

Consequently, Wells Fargo has roots not only to the first national bank in California, but also the first national bank on the West Coast!

Charles

Amanda Hopper is an interpreter at the Old Sacramento History Museum, where she presents Wells Fargo's history to visitors. This is her second post for Guided by History. (CR)

A few days ago I was looking in a box on our desk that is filled with index cards   that explain all the items in our museum. One card refers to a photograph of a man leaning against a pile of silver bars in our "safe room.". The caption to the image reads: "In 1877, Madison Larkin guarded silver from Arizona's Tip Top  Mine."

The index card for the image reads, "Larkin's tenure as Wells Fargo Agent was fairly short but dramatic. He is the bold, alert fellow with the double-barrel shotgun cradled in his left arm; often pictured guarding a Wells Fargo treasure box and a huge pile of silver bullion." The information comes from the book Wells Fargo in Arizona Territory  by John and Lillian Theobald. (Tempe, Ariz. 1978)

This card really sparked my interest. I wanted to know what happened to Madison Larkin. Was he killed? What was so dramatic about his time with Wells Fargo?

I began looking through all the books in our "cave" (our nickname for the backroom) and searched the blog to see if anyone had written about him. I asked Martha, who works with me here, if she knew anything about him. (Martha is the one who made all the index cards in the first place — plus, she knows EVERYTHING.)

After a little searching, she was able to answer all my questions about Mr. Larkin....