(p) 586-979-3400 | (e) info@executivecurrency.com
P.O. Box 2
Roseville, MI 48066-0002
www.ExecutiveCurrency.com
Executive Currency - Offering Rare Paper Money for the Connoisseur

 
$10 18--KIRKLAND SAFETY SOCIETY BANK==KIRTLAND OH=MORMON=SMITH=LDS=PCGS FINE 12
 
$10 18--KIRKLAND SAFETY SOCIETY BANK==KIRTLAND OH=MORMON=SMITH=LDS=PCGS FINE 12
Larger Image
$3,495.00
$2,995.00
 
 
Description:
                                                                         KIRKLAND SAFETY SOCIETY BANK
                                                                                              KIRKLAND OHIO
                                                                                                   $10.00 18--
                                                                                    HAXBY 245-G10, RUST-8
                                                                    CHURCH OF THE LATTER DAY SAINTS  
                                   PROPOSED KIRTLAND SAFETY SOCIETY (KSS)  AS A BANK IN 1836.
                            THE BANK WAS INTENDED TO SERVE THE FINANCIAL NEEDS OF THE MORMONS IN KIRTLAND, OHIO
                                        
                                       
                                                              IN NOVEMBER 1837 KSS FAILED AND IT'S BUSINESS CLOSED.
                                                                                           JOSEPH SMITH
                                                                 FOUNDER OF THE LATTER DAY SAINT, MORMON CHURCH
                                                                         WAS SUED FOR RUNNING AN ILLEGAL BANK.
         In 1837 the Kirtland Safety Society Anit-Banking Company (KSSABC) was formed as a join stock company
                                    ASSIGNED AS THE PRESIDENT AND CHAIRMAN OF THE KSS WAS
                                                                                           SIDNEY RIGDON
                                                                                          Warren Parrish
                                                            served as signatory, secretary and teller
 
                                                                                       Joseph Smith 
                                                                       assigned himself as cashier
  In 1837, Once again Joseph Smith and Sidney Rigdon were sued for illegal banking and issuing unauthorized bank paper. 
                                      Both Smith and Rigdon fled Kirtland, Ohio to avoid being incarcerated.
                 
                                                                                       In 1838 
                                                                                   Brigham Young
A leader in the Latter Day Saint Movement  and President of the Church of Jesus Christ of Latter-day also left Kirtland in 1838 to avoid mormons who were angry with Young for supporting Smith's innocence.
                While the notes never regained their face value, by the late 19th century they had become collector's items. 
 
         
back