[Francis M. Lyman]
At 1 P.M. met with the Presidency and Twelve and Presidency of Stakes as follows [32 names] The financial embarrassment of the Church were laid before us by Pres[iden]ts Woodruff, Smith and Cannon. Will the Saints who are able come to the rescue of the Church credit by loaning money or security and by coming forward with their tithes and temple offerings? was the question. All present felt they would with all their ability. This was decided by unanimous vote. The straightened circumstances of the people were referred to. Very little talk was done. The Church will pay 10% per annum and give Trustee in Trust notes payable in one year. The prospect does not look very favorable as the Saints are just as pinched as the Church.
[Source: Excerpts of Apostle Francis M. Lyman Diaries, http://amzn.to/newmormonstudies]