Wessel, Duval & Co. was founded in Boston, Massachusetts in 1825 Augustus Hemenway (Edward Augustus Holyoke Hemenway) (1805-1876) as Hemenway & Co.. Augustus Hemenway started the shipping company to move his timber products to markets. Augustus Hemenway had timberland in Maine and started his schooner shipping company to take timber to Eastcoast ports. Later he opened a sugar plant in Cuba, his ships would take lumber to Cuba and bring back sugar. Next, he expanded his timber products to Argentina and other Western South American ports. By 1828 the company expanded to Valparaiso, Chile. Augustus Hemenway married into a Boston merchant family, marrying Mary Tileston (1820-1894) in 1840. In 1865 Héctor Beéche (?-1914) became a partner in the firm and a subsidiary company, Wessel, Duval y Cía