125 years ago today - Jul 7, 1893
First Counselor George Q. Cannon sends a telegram from England to Salt Lake City with the single word "UNSUCCESSFUL" for the message. Cannon had met with Baron Rothschild, his brothers, and other leading financiers in search of a long term loan for the Church, but the prevailing American panic and the European ignorance of Utah affairs made a loan impossible. After reading the telegram Apostle Francis M Lyman writes: "This word is very discouraging. Money matters are very tight, banks and mercantile institutions are going broke on every hand." In Provo, Utah Apostles John Henry Smith and Brigham Young Jr. assist a stake high Counsel in deciding the Case of Williams Vs. Jones. Apostle Smith writes "It was decided that S.S. Jones pay Williams $700.00 in full of all accounts."