[Apostle John Henry Smith Diary] It was decided to Issue a half Million of bonds at 6 percent for Eleven years, and fifty thousand dollars to be placed as a sinking fund each year after the first year.
Some talk was had about who should be the Trustees. President Lorenzo Snow take Bro. Geo. Q. Cannon to task for the over hopefull Manner in which he had spoken of our financial Condition.
[Source: Jean Bickmore White (editor), Church, State, and Politics: The Diaries of John Henry Smith, Signature Books in association with Smith Research Associates, Salt Lake City, 1990, http://bit.ly/johnhenrysmith]
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