[Apostle John Henry Smith]
All of the First Presidency, Francis M. Lyman, Myself, Rudger Clawson, Hyrum M. Smith and C. W. Penrose went through the annual reports. The Church has about Four Millions Worth of property.
The Interest on the stocks and bonds of the Church more than pays the Expenses of the Authoraties of the Church by about ten thousand dollars.
The report was very broad and full and was accepted.
[Jean Bickmore White (editor), Church, State, and Politics: The Diaries of John Henry Smith, Signature Books in association with Smith Research Associates, Salt Lake City, 1990, http://bit.ly/johnhenrysmith]