"In 1875, President Ulysses S. Grant said that taxable church property amounted to $1 billion. One hundred and one years later, in a 1976 study that has never been replicated or updated, researchers Martin A. Larson and Rev. C. Stanley Lowell found that total ecclesiastical property by 1906 came to about $1.3 billion. According to Larson and Lowell
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