There were many businesses at the time of incorporation, but the best known was the E.S. Tripp Carriage Works. Tripp would go on to become one of the most famous makers of horse-drawn carriages in the country. Tripp went head-to-head with the Studebaker Company, makers of horse-drawn carriages, that had been formed in Ashland and later moved to South Bend, Indiana. Thanks to the rail access, Tripp's carriages were shipped across the country and even around the globe. It was at the Tripp Carriage Works that a young man named Archibald Willard found work. Willard was a painter, and it wasn't long before his intricate works appeared on the sides of Tripp Carriages. Later, Willard would sketch a scene depicting three musicians and a color sergeant. This sketch would later be painted and in 1876 would become the famous "Spirit of '76", the most famous patriotic painting in American history.
On June 24, 1864, The National Bank of Wellington was issued its charter. The bank was established with a capital stock worth $50,000.