Ep 34 - Mormon Money pt.1; In the Beginning (1830-1930)

We finally broach a subject that’s taken the back-burner for far too long. Mormon money is one of the most complicated subjects associated with the Church of Jesus Christ of Latter-day Saints and we decided it requires a multi-part series to understand with some level of depth and context. Join us for part one where we start at the beginning with Joseph Smith, get into Brigham Young and the Mormon exodus to Utah in 1847, and tie together financial strands all the way into the Great Depression. Some topics of discussion: Joseph Smith as an entrepreneur, Brigham Young as a theocrat and tyrant, polygamy and the first manifesto under President Wilford Woodruff, complicated finances with intermingling the prophet’s personal with the church’s corporate assets, Joseph F. Smith and the church in near-bankruptcy he inherited in 1901, Franklin S. Richards and his rehabilitation program, the Corporation of the President of the Church of Jesus Christ of Latter-day Saints (COP), The Corporation of the Presiding Bishop of the Church of Jesus Christ of Latter-day Saints (CPB), and the trajectory upon which the church was set going into the Great Depression.

Links (there are a lot of them):

Get Quinn’s latest book in the Mormon Hierarchy series Wealth and Corporate Powerhttps://www.amazon.com/Mormon-Hierarchy-Wealth-Corporate-Power/dp/1560852356

Kirtland Safety Societyhttps://rsc.byu.edu/archived/byu-religious-education-student-symposium-2012/kirtland-safety-society-and-its-effect-faith

https://www.churchofjesuschrist.org/study/history/topics/kirtland-safety-society?lang=eng

Nauvoo Charterhttps://www.josephsmithpapers.org/topic/nauvoo-charter

Sunstone and Presentation “Joseph Smith, the Entrepreneur”https://www.sunstonemagazine.com/joseph-smith-the-entrepreneur/ https://www.sunstonemagazine.com

Edmunds Act

https://en.wikipedia.org/wiki/Edmunds_Act

Wilhelm Von Wymetal 1886 exposehttps://archive.org/details/josephsmithproph01wyme/page/276

Late Corp of LDS v. U.S.

https://www.law.cornell.edu/supremecourt/text/136/1

Ann Eliza Webb Young Wife No. 19https://en.wikipedia.org/wiki/Ann_Eliza_Young

1870 census datahttps://www.census.gov/history/www/through_the_decades/fast_facts/1870_fast_facts.html?

Lorenzo Snowhttps://historyofmormonism.com/2008/07/08/lorenzo_snow/

Franklin S. Richardshttps://en.wikipedia.org/wiki/Franklin_S._Richards

CPBhttps://www.bloomberg.com/profile/company/0122898D:US

COPhttps://secure.utah.gov/bes/details.html?entity=553976-0145

COP Structurehttps://exploringmormonism.com/wp-content/uploads/2014/06/Corporate-structure-image-400.jpg

Church Finances (official)https://www.churchofjesuschrist.org/study/manual/gospel-topics/church-finances-commercial-businesses?lang=eng

“Corporate-sole” “Corporation-sole”http://hushmoney.org/corporate-sole_facts.htm

AgReserves Inchttps://www.bloomberg.com/profile/company/0275969D:US

PropertyReserves Inchttps://www.exmormon.org/phorum/read.php?2,398698,399463

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