Nov 21, 2020
7:11:58pm
7:11:58pm
Since you're familiar with that era, tell me how the Church survived 1893?
What did Heber J Grant pledge as security against the bailout loans he got to save the Utah-Idaho Sugar Company and Zion's Bank?
How did the Church pay off the $2.3m in debt it carried at the end of 1898?
What did Lorenzo Snow urge members of the Church to pay in 1899 (a turning point in the Church's financial history according to lesson manuals)?
Where did the $30,000 UT&L Bank bailout payment come from in August of 1900?
With the Church outspending its income by $8m in 1959 (the year they stopped publishing financial reports), where do you think the Church got the seed money for Property Reserve, Inc. (the commercial real-estate arm of the Church that financed the City Creek Mall) when it was founded in 1961?
In 1991, President Hinckley said that the income generated by Church investments is dwarfed by tithing donations: "We have a few income-producing business properties, but the return from these would keep the Church going only for a very brief time. Tithing is the Lord’s law of finance. There is no other financial law like it."
According to the Prophet, tithing is what makes it all possible. I believe the prophet.
How did the Church pay off the $2.3m in debt it carried at the end of 1898?
What did Lorenzo Snow urge members of the Church to pay in 1899 (a turning point in the Church's financial history according to lesson manuals)?
Where did the $30,000 UT&L Bank bailout payment come from in August of 1900?
With the Church outspending its income by $8m in 1959 (the year they stopped publishing financial reports), where do you think the Church got the seed money for Property Reserve, Inc. (the commercial real-estate arm of the Church that financed the City Creek Mall) when it was founded in 1961?
In 1991, President Hinckley said that the income generated by Church investments is dwarfed by tithing donations: "We have a few income-producing business properties, but the return from these would keep the Church going only for a very brief time. Tithing is the Lord’s law of finance. There is no other financial law like it."
According to the Prophet, tithing is what makes it all possible. I believe the prophet.
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Here’s my issue with not using church funds (interest and revenue from investments and the like): the church has said
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