For example, the Church had loaned to, or endorsed for, the Utah Sugar Company to the amount of $325,000; and my father had personally endorsed the general obligations for this and other sums, although he owned only $5,000 of the company's stock. He supported the factory with his personal credit and assumed the risk of loss (without any corresponding possibility of gain) in order to benefit the whole people by encouraging the beet sugar industry. A vain attempt had been made to sell the bonds in New York. Finally, the Church bought all the bonds of the company for $325,000 (of a face value of $400,000), and we sold them, for the Church, to Mr. Joseph Bannigan, the "rubber king," of Providence, Rhode Island, for $360,000, with the guarantee of the First Presidency, the trustee of the Church, and myself. Similarly, the First Presidency led in building an electric power plant in Ogden, after Chas. K. Bannister, a great engineer, and myself had persuaded the members of the Presidency that the work would benefit the community. The bonds of this company, too, were bought by Mr. Bannigan, with the guarantee of the trustee of the Church, the Presidency and myself. Both the power plant and the sugar factory were financially successful. They performed a large public service beneficently. The fact that Mr. Bannigan held their bonds was no detriment to their work and wrought no injury to the people. I single out these two enterprises because Joseph F. Smith has since sold the power plant to the "Harriman interests," and the control of the sugar factory to the sugar trust; and he has explained that in making the sales he merely followed my father's example and mine in selling the bonds to Mr. Bannigan. The power plant is now a part of the merger called the Utah Light and Railway Company, which has a monopoly right in all the streets of Salt Lake City and its suburbs, besides owning the electric power and light plants of Salt Lake City and Ogden, the gas plants of both these cities, and the natural gas wells and pipe lines supplying them. The Mormon people whose tithes aided these properties--whose good-will maintained them--whose leaders designed them as a community work for a community benefit--these people are now being mercilessly exploited by the Eastern "interests" to whom the Prophet of the Church has sold them bodily. The difference between selling the bonds of the sugar company to Bannigan, in order to raise money to support the factory, and selling half the stock to the sugar trust, in order to make a monopoly profit out of the Mormon consumers of sugar, has either not occurred to Smith or has been divinely waived by him.