Description

    Kirtland, OH- The Kirtland Safety Society Bank $100 March 9, 1837 G18 Wolka 1424-17 Rust 11
    The Kirtland Safety Society Bank was organized in 1836-37 by Mormon leaders. Representatives were sent simultaneously to Philadelphia to arrange for note production and to Columbus, OH to obtain a charter from the state legislature. The Philadelphia trip went well; the Columbus trip did not. The state refused to grant a charter to the bank and instituted a civil suit when the bank proceeded to open and issue its newly arrived notes without one. The bank was finally forced to close in November 1837. These high denomination notes were probably issued to combat the increasing discount which the bank's notes were quoted at as its troubles became public knowledge. The $100 denomination is much scarcer than the lower values on this short-lived Mormon bank and features a large central vignette of the signing of the Declaration of Independence. PMG Very Fine 25, a most attractive and problem-free piece of great historical interest signed by J. [oseph] Smith and S [idney] Rigdon.


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    Auction Dates
    January, 2015
    7th-12th Wednesday-Monday
    Bids + Registered Phone Bidders: 1
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