Apostle Woodruff said that in their trip to Mexico, Pres. J. F. Smith counseled the saints everywhere not to sell to the gentiles.
...Apostle Grant spoke briefly and said he was contemplating a move to start a local life insurance company and would do so, if the idea met with the approval of the First Presidency and Twelve. Said that within the past three years using the property' he now owned, through the providences of the Lord, he had paid and would be able to pay off $100,000 of indebtedness.
[Stan Larson (editor), A Ministry of Meetings: The Apostolic diaries of Rudger Clawson, Signature Books in association with Smith Research Associates, Salt Lake City, 1993, http://bit.ly/rudgerclawson]