[Heber J. Grant]
Pres[iden]t Jos[eph] F. Smith took lunch with us today. I had a chat with him and among other things he said that Pres[iden]t [George Q.] Cannon blamed me that Spencer Clawson had secured the forty thousand dollars from the money advanced by Claflin and Co[mpany] some four years ago. I was surprised to learn this and I confess that it annoys me to think that Pres[iden]t Cannon should think have it in his heart to think I would unload a bad debt on the Church so as to protect the State Bank. ... I told Pres[iden]t. Smith with the utmost frankness that I did not have the confidence in Pres[iden]t Cannon's financial methods that I wished I had, had I supposed he returned my feelings of distrust with those of distrust in me and my ability, and I supposed we would have to let the matter rest there. Pres[iden]t Smith told me in confidence of a number of business matters in connection with Frank J. Cannon that he wished were otherwise, and I only had my lack of confidence in the methods of Pres[iden]t Cannon decreased by what Pres[iden]t Smith told me. I do not hesitate to put in on record that I consider it an outrage pure and simply that a man who had made such a record as Frank J. Cannon should be used by the First Presidency to do business for the church...
[Heber J. Grant, Diary]
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