115 years ago today - Apr 28, 1896

[Apostle Heber J. Grant Diary] Heber J. Grant & Co at the time of the division on party lines, had $49,000 of Herald stock which cost them par and they subsequently paid a 20% assessment on the same, and as this stock is now entirely wiped out of existence, our little firm, not counting interest on our money, has had $59,000 of experience because of the division on party lines, and by counting interest the amount would aggregate very nearly if not fully $80,000.

[Source: Diary Excerpts of Heber J. Grant, http://amzn.to/newmormonstudies]

No comments:

Post a Comment