Bank Born of Revelation: The Kirtland Safety Society Anti-Banking Company

Dean A. Dudley

The Journal of Economic History, 1970, vol. 30, issue 4, 848-853

Abstract: 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.

Date: 1970
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