J. H. Kennedy reports that there was a general acceptance and circulation of the Kirtland Bank's notes in its first weeks of operation.
James H. Kennedy, Early Days of Mormonism: Palmyra, Kirtland, and Nauvoo (New York: Charles Scribner's Sons, 1888), 161-63
Specimens of these bills were introduced in evidence in the above cases, and becoming a part of the record can be found neatly wafered in an ancient volume of the Geauga Criminal Records. They are almost as fresh and crisp as when first issued. Even a casual examination will show upon their face an attempt at evasion. The bill as originally issued bore, in large, bold letters, the inscription: "The Kirtland Safety Society Bank will pay on demand to W. Parrish or bearer, three dollars." As danger under the law began to threaten, an addition was stamped upon the engraved bill, in very small letters, so that the anti-banking clause would be inserted, in this form:
Anti-BANK-ing Co.
At first glance one would not see the added words because of their diminutive size. The evasion was of no use, however, when placed to the crucial test of the law. The personal signatures of Smith and Rigdon appeared upon each bill.
While the bank was one of the main avenues through which these tribulations came, it was by no means without its uses in the days when doubt and suspicion had not filtered into the public mind. Its notes were taken by every one, and by many were regarded as preferable to the "wildcat" currency with which the West was flooded. Free use of this confidence was made in the fitting out of emigrant trains to the West, in the purchase of horses, wagons, farming and mechanical tools, and other needed supplies. More than one keen Yankee farmer and trader, who had sold his wares at the full market price, had occasion ere long to regret that the suspicion he had attached to the Mormon's religion and patriotism, had not been extended to his printed notes as well. The printing-press was, indeed, kept so busy, that the genuine banks of neighboring cities became suspicious, and began to investigate the solidity of the foundation upon which so great a business was done. A practical test was decided upon by the Pittsburgh bankers, who sent one of their number, Mr. Jones, to Kirtland upon a tour of investigation. Loading a hand-satchel with the Safety Society notes, he took the stage to Ohio, and made an early morning call upon Rigdon and Smith.