Money transfer agent locations

In 1849, Selden and Sibley, the founders of the future Western Union, created the New York State Printing Telegraph Company. To obtain the Golden card can any client of Western Union, committing money transfers on this system more than 1 time per year. Getting the card is issued at the time of making of the next transfer. In 1860 the U.S. Congress arranged among the telegraph companies a competition to create a national line. The winner was Western Union. On the market was placed about 765 million of ordinary shares of the company. On the first day trading on the exchange the company's shares rose by 3.3% and the cost was $ 19.96. In October 2006 the company made an initial public offering of shares on the New York Stock Exchange, becoming independent from First Data company.


Western union sending money to Sweden

In 1860 the U.S. Congress arranged among the telegraph companies a competition to create a national line. The winner was Western Union. On the market was placed about 765 million of ordinary shares of the company. On the first day trading on the exchange the company's shares rose by 3.3% and the cost was $ 19.96. To obtain the Golden card can any client of Western Union, committing money transfers on this system more than 1 time per year. Getting the card is issued at the time of making of the next transfer.


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Sibley, the founder of Western Union, did not build a new telegraph lines, and persuaded the other players to join. American Telegraph Company, however, still had to buy it. In the 30's of the twentieth century, Western Union has become the world's largest telegraph company. Money transfer is a matter of minutes, at any distance. In 1864, fearing the laying of long underwater lines, Western Union offered to carry out laying of telegraph lines to Europe through the Russian Alaska under the narrow Bering Strait and then to Siberia with branching in the major cities of Europe. Thanks to cooperation with Western Union the Associated Press at the end of the XIX century took almost monopolistic position in the U.S. market news. As a result of 2011, net income of Western Union has increased by 28% to $ 1.165 billion, the company reported.