J. Reuben Clark reports in his journal that the Church's expenditure was between $800,000 to $900,000 more than their revenues for 1938.
- Type
- Personal Journal / Diary
- Hearsay
- Direct
- Reference
J. Reuben Clark, Office Journal, January 23, 1939, in J. Reuben Clark, Jr., journals, diaries, and schedules, 1862-1961, MSS 303 Series 2 box 9, L. Tom Perry Special Collections
- Audience
- N/A
PDF- Transcription
. . .
I told him that $150,000 was wholly out of the question this year, and explained somewhat to him regarding the finances of the Church. I told him I was determined, so far as I was personally concerned, to try to balance our budget, and bring our expenditures somewhere within the revenue of the Church. I told Brother West, confidently, that our expenditures for the year 1938 had been between $800,000 and $900,000 more than our revenues, stating that, however, this did not represent the actual condition, but that the matter was sufficiently alarming. I said we could not stand and ask people to live within their means and balance their budgets if we were over-running in any such way as that.
- Citations in Mormonr Qnas
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