engraving of the
USS Ohio, where McLean served aboard from 1838 to 1840 In 1835, at just sixteen years old, he left his classes at
Newark College when he was appointed a
midshipman in the
U.S. Navy, serving aboard the
USS Ohio from 1838 to 1840. McLean submitted his resignation of his commission as a
Lieutenant on January 20, 1850, to the
Secretary of the Navy. Secretary
William Ballard Preston accepted his resignation on January 21, 1850.
Business career Shortly after his marriage and resignation from the Navy, McLane left for
San Francisco and a career as a financier which was to take him away from his family many times during the next thirty years. He was a founder of the Safe Deposit & Trust Co. in 1864 and, during the 1850s, was Wells Fargo's first general manager in San Francisco. On November 1, 1866, he succeeded
Danford N. Barney to become
president of the
Wells Fargo & Company Express, which he reorganized after its takeover of Holladay Overland. He was replaced by
Ashbel H. Barney in 1869. McLane also served as the first president of
Nevada Bank in 1875, which had been started by William S. O'Brien and
James Clair Flood, who succeeded McLane as president in 1881. He returned to Baltimore in 1892. In his later years, he served as chairman of the executive committee of the
Mercantile Trust Company of Baltimore and a director of many financial institutions. ==Personal life==