Bro[ther]s. Lorenzo Stohl and John Stringham, connected with the Heber J. Grant Company office, called and met the Presidency about establishing a life insurance company. After due consideration, President [Joseph F.] Smith gave his consent to become president of the company, should it be organized.
[Source: Journal History, as quoted in Minutes of the Apostles of The Church of Jesus Christ of Latter-day Saints, 1910-1951, Privately Published, Salt Lake City, Utah 2010]
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