Article of the Week | BYU Studies

Article of the Week

Crisis in Zion: Heber J. Grant and the Panic of 1893
July 2, 2018
Article of the Week
Crisis in Zion: Heber J. Grant and the Panic of 1893
Author Ronald W. Walker,

This daily feature is the introduction to a full article by Ronald W. Walker that was published in issue 43:1. To read the full text of this article, follow the link below.

In late June 1893, Heber J. Grant, a pencil–thin, bewhiskered young man, waited nervously in the downtown office of New York businessman John Claflin. Thirty–six years old and conservatively dressed, Grant was a member of the Quorum of the Twelve Apostles of The Church of Jesus Christ of Latter–day Saints and president or director of a least a dozen Salt Lake City–based businesses. A financial panic had struck the nation and the Mormon businessman was urgently seeking a loan to save himself and his church from bankruptcy.