Charles Wilson Nibley (February 5, 1849 – December 11, 1931) was the fifth presiding bishop of the Church of Jesus Christ of Latter-day Saints (LDS Church) between 1907 and 1925 and a member of the church's First Presidency from 1925 until his death. Early life Nibley was born in Hunterfield, Midlothian, Scotland to James Nibley and Jean Wilson. In 1855, his family moved to the United States to join with the main body of Latter-day Saints. They spent some time living in Rhode Island. In 1860, they moved to the Utah Territory. The family was sent north to settle in Cache Valley, and eventually settled in Wellsville. As an adult, Nibley moved to Brigham City, Utah, where he worked for Morris Rosenbaum (a Jewish convert to Mormonism) and later became a partner in the store where he worked. It was there he met Rebecca Neibaur (who was the sister of one of Rosenbaum's wives) and was married in 1869. Following the 19th century practice of plural marriage, Nibley married Ellen Ricks in 1880 and Julia Budge in 1885. Business ventures In 1879 to 1885, Nibley managed a lumber company that was part of the LDS Church's United Order program. He then joined with David Eccles and George Stoddard to form the Oregon Lumber Company in 1889. As one of Nibley's grandsons, Hugh Nibley, related, Charles Nibley used economic tricks, including manipulating the Homestead Act to acquire large swaths of land, then would pay off government agents who investigated. Nibley was a firm believer in monopolies, believing competition was "economic waste". He also believed that LDS Church members who didn't support paying higher prices to Mormon businesses (versus lower prices to non-Mormon businesses) were betraying the church. This attitude of loyalty was also supported by Heber J. Grant in the October 1919 General Conference. Nibley also became involved in railroads, insurance, banking, politics, and major agricultural endeavors, eventually becoming a multimillionaire. The sugar beet growing town of Nibley, Oregon was named for him. He was later instrumental in forming the Amalgamated Sugar Company and the Utah and Idaho Sugar Company (later known as U&I Sugar Co). He was chairman of the executive committee of the Utah-Idaho Sugar Company, President of the Standard Investors Inc. (comprising all of the Nibley holdings) and a valued director of the following business institutions: Zion's Cooperative Mercantile Institution, Utah State National Bank, Zion's Savings Bank &