Dean A. Dudley discusses the history of the Kirtand Bank; notes that it had significant assets, notably land.

Date
Dec 1970
Type
Academic / Technical Report
Source
Dean A. Dudley
Non-LDS
Hearsay
Direct
Secondary
Reference

Dean A. Dudley, "Bank Born of Revelation: The Kirtland Safety Society Anti-Banking Company," The Journal of Economic History 30, no. 4 (December 1970): 848-53

Scribe/Publisher
The Journal of Economic History
People
Dean A. Dudley
Audience
Reading Public
PDF
Transcription

[Extract]

On January 2, 1837, in Kirtland, Ohio, a bank which was founded upon divine revelation, which had no charter, whose officers were not bankers, and whose capital base was narrow, opened its doors for business. These, characteristics probably did not differentiate the bank too much from the hundreds of other such institutions begun in this period. But the circumstances attending the founding of the Kirtland Safety Society Bank, or more accurately, the Kirtland Safety Society Anti-Banking Company, and the record of its operations are sufficiently different from the run-of-the-mill wildcat bank to justify a closer look at the colorful history of this institution.

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