Heber J. Grant's Loan Secured through Past Faithfulness
Published October 13, 2026 at 5:58 AM
Contributed by
Millennial Star Research
In the early 1890s, Heber J. Grant, acting on behalf of the Church, secured a $100,000 loan from Mr. Henry Wadsworth in San Francisco during a financial panic. Grant attributes this success to the influence of his own past faithful service to Mr. Wadsworth when Grant was a boy.
In Their Own Words
“Having failed in New York and Hartford to obtain all of the money required, I was subsequently sent to San Francisco where one hundred thousand dollars was secured from Mr. Henry Wadsworth, cashier of Wells, Fargo & Co’s bank in that city. I am confident that my having been faithful when a boy in his employ, at the time he was agent of Wells, Fargo & Co., in Salt Lake City, had some influence in causing him to loan to my associates such a large sum, at a time when there was a great demand for money. I remember that when I was a boy, working for Mr. Wadsworth, I was very anxious to please him, and I made it a rule to be at the office on time, and to do my work as well as I knew how. I remember that on one occasion, when I was quite young, I was sent to the post office for the mail, and I ran all the way there and back, because I wanted to get the mail as quickly as possible. Mr. Wadsworth noticed my diligence, and I believe that the impression I made upon him as a boy was the means of my securing this loan, which was a great help to the Church at that time.”
— Heber J. Grant, as quoted in The Latter-day Saints' Millennial Star, Vol. 66, No. 18
Sources & References
The Latter-day Saints' Millennial Star (Manchester, later Liverpool, England, May 1840–1970), 5 May 1904 (Vol. 66, No. 18). https://archive.org/details/per_utah-and-the-mormons_the-latter-day-saints-millennial-star_1904-05-05_66_18 (account extracted verbatim from the issue's Internet Archive OCR text; research confidence: high) Full first-person account: The Latter-day Saints' Millennial Star, 5 May 1904 (Vol. 66, No. 18) https://archive.org/details/per_utah-and-the-mormons_the-latter-day-saints-millennial-star_1904-05-05_66_18
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