He established the Wall Street firm of "W. S. Webb & Co.", and in 1883 he became President of the Wagner Palace Car Company, which subsequently merged with the Pullman Company.
He established the Wall Street firm of "W. S. Webb & Co." In 1883, he married "Lila Osgood Vanderbilt", daughter of William H. Vanderbilt. The Wagner Palace Car Company was subsequently merged with the Pullman Company.