Description

    Kirtland, OH- The Kirtland Safety Society Bank $5 Feb. 10, 1837 G8 Rust 7 Wolka 1424-10
    The Mormons made Kirtland, Ohio the headquarters of the church in 1831. In 1836 it was decided that a bank was necessary, and as a result, a proposal to obtain a charter was generated. Representatives were simultaneously dispatched to Columbus, Ohio to obtain a bank charter from the state legislature and to Philadelphia to have bank notes produced. By January 1837, all was in readiness to commence operation. However, the state refused to grant the proposed bank a charter. Faced with this situation, it was finally decided to proceed without the benefit of a charter. This led to a civil suit being filed in February 1837 alleging that Joseph Smith and Sidney Rigdon were conducting an illegal banking business. In October 1837, they were found guilty and fined $1,000 each and finally in November 1837 the bank was shuttered. Some signed notes were later reissued in Utah. This note portrays a young woodsman and his dog as its focal point and is graded Choice Uncirculated 64 EPQ by PMG. A pretty note that is sure to please.


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    Auction Dates
    Sep-Oct, 2013
    25th-1st Wednesday-Tuesday
    Bids + Registered Phone Bidders: 1
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