Western Union F.A.Q.
July 3, 1884 the company's shares were included in the calculation base for the newly created stock index Dow Jones Transportation Average. In the 30's of the twentieth century, Western Union has become the world's largest telegraph company. Founder of Western Union Hiram Sibley was born in 1807 in Massachusetts (USA). At age of 14 has mastered the profession of shoemaker, at age 16 he left his native cityand moved to New York, where he went into wool carder. In 1856, in 7 years after the foundation of New York State Printing Telegraph Company, the company changed its name to Western Union Telegraph Company. In 1995, First Financial Management was acquired by First Data Corp. (the deal amounted to $ 7 billion), and Western Union Financial Services became a subsidiary of First Data.
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