Harvey Tanner, head loan officer of First Interstate Bank, receives a telephone call from "an important man in the LDS church" who says he is sending over Steven Christensen and his friend Mark Hofmann to get a loan for $185,000 which the church was authorizing. When asked later by detectives, "Is that all it takes?" Tanner replies, "Well, this had been done in the past and we knew everything was okay." When pressed for the name of the "important man in the LDS church," Tanner tells detectives it was Hugh W. Pinnock of the First Quorum of Seventy. That same day Hoffman pays $165,000 towards a debt with Alvin Rust. The money authorized by Pinnock and earmarked for purchase of the "McClellen collection" in Texas never leaves Salt Lake City.
[On This Day in Mormon History, http://onthisdayinmormonhistory.blogspot.com]