First Counselor Anthony W. Ivins computes that church lost $6 million in stock investments and $900,000 in loans and business transactions with Presiding Bishop Charles W. Nibley before his appointment as second counselor in First Presidency in 1925.
The correct year for this should be 1930 (NOT 1929). See DMQ, MH:EP. Appendix 5, p.821.
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