12/5/2023 0 Comments Western union money order tracingIn 1856 the company merged with its competitor the Erie and Michigan Telegraph Company, controlled by John James Speed, Francis Ormand Jonathan Smith and Ezra Cornell and, at Cornell's insistence, changed its name to Western Union Telegraph Company. Selden, Hiram Sibley, and others in 1851. The New York and Mississippi Valley Printing Telegraph Company was founded in Rochester, New York by Samuel L. History Founding & expansion (1851–1866) It ceased its communications operations completely in 2006, at which time The New York Times described it as "the world's largest money-transfer business" and added that, due to the large number of immigrants wiring money home, it would keep this top position. It dominated the American telegraphy industry from the 1860s to the 1980s, pioneering technology such as telex and developing a range of telegraph-related services, including wire money transfer, in addition to its core business of transmitting and delivering telegram messages.Īfter experiencing financial difficulties, it began to move its business away from communications in the 1980s and increasingly focused on its money-transfer services. The Western Union Company is an American multinational financial services company headquartered in Denver, Colorado.įounded in 1851 as the New York and Mississippi Valley Printing Telegraph Company in Rochester, New York, the company changed its name to the Western Union Telegraph Company in 1856 after merging with several other telegraph companies.
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