Lot
3280 
Pacific Union Ex. Co., San Francisco, Dec 16, sharp strike of blue double-circle datestamp on yellow "From Pacific Union Express Company" corner card (PAU-401) cover to local address, Very Fine. Thomas No. PAU-100 Estimate $100 - 150.
The Pacific Union Express Company began operating in early 1868 competing with Wells Fargo by offering a stage and express service from the rail line at Reno to Virginia City Nev. This service quickly followed by the opening of several offices in Nevada. In May 1868, the Central Pacific Railroad granted exclusive right to move express mail and material over the railroad to Lloyd Tevis and associates. The management of Wells Fargo had severely underestimated the speed at which the two railroads would complete their unification at Promontory Point and were not facing the danger of not having a way to move transcontinental express material. Tevis and associates bought Wells stock at reduced prices as a result. This exclusive contract forced Wells Fargo into agreement of exchange cash and stock in October 1869 with Tevis and assoc. The firms consolidated over time, and Tevis assumed control of Wells Fargo.
Realized: $100