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| {{draft}}
| | #REDIRECT[[Creation of the Kirtland Safety Society]] |
| ==Criticism==
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| Critics attack Joseph Smith over the Kirtland Safety Society (KSS) on multiple grounds:
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| * they claim the KSS was a "wildcat bank"
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| * they claim that the bank was illegal, and that the Church broke the law by founding it
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| * they claim it was a money-making scheme for Joseph
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| * they claim its failure proves Joseph was not a prophet
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| ===Source(s) of the Criticism===
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| *
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| ==Response==
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| This article will address the above issues, but it necessary to first discuss:
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| * vocabulary often used in discussions of banks and banking
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| * the reason for the formation of the KSS
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| * the status of banks in the 1830s frontier
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| * the way in which the KSS functioned
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| ===Terms and Defintions===
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| ;face value: the money value marked on scrip. For a $20 note, the face value would be $20.
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| ;specie: hard currency, 'official' US money
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| ;scrip: paper money, issued by a bank. An example of KSS scrip can be seen [http://www.mormonmoney.com/Kirtland%20Anti-Bank%20Notes.htm here].
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| ===Why form a bank?===
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| ===What were banks like at the time?===
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| ===How did the KSS work?===
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| ===Criticisms===
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| ===="Wildcat bank"?====
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| A "wildcat bank" was a financial institution which was placed in a hard-to-access, out-of-the-way place (where "the wildcats were"). This meant that bank scrip
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| ====Illegal?====
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| ====Enriching Joseph?====
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| ====Not a prophet?====
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| ==Conclusion==
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| A summary of the argument against the criticism.
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| ==Further reading==
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| ===FAIR wiki articles===
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| *Links to related articles in the wiki
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| ===FAIR web site===
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| *Links to articles on the FAIR web site; Topical Guide entries go first
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| ===External links===
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| *Scott H. Partridge, [http://contentdm.lib.byu.edu/cgi-bin/docviewer.exe?CISOROOT=/byustudies&CISOPTR=21938&CISOSHOW=3856 "The Failure of the Kirtland Safety Society,"] ''BYU Studies'' 12:4 (Summer 1972):437–454. [http://gospelink.com/library/doc?doc_id=282115 GospeLink]
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| *Paul Sampson and Larry T. Wimmer, [http://contentdm.lib.byu.edu/cgi-bin/docviewer.exe?CISOROOT=/byustudies&CISOPTR=21938&CISOSHOW=3857 "The Kirtland Safety Society: The Stock Ledger Book and the Bank Failure,"] ''BYU Studies'' 12:4 (Summer 1972):427–436. [http://gospelink.com/library/doc?doc_id=282114 GospeLink]
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| *Dale W. Adams, [http://contentdm.lib.byu.edu/cgi-bin/docviewer.exe?CISOROOT=/byustudies&CISOPTR=25601&CISOSHOW=24614 "Chartering the Kirtland Bank,"] ''BYU Studies'' 23:4 (Fall 1983) 467–482. [http://gospelink.com/library/doc?doc_id=282604 GospeLink]
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| *Marvin S. Hill, Keith C. Rooker and Larry T. Wimmer, [http://contentdm.lib.byu.edu/cgi-bin/docviewer.exe?CISOROOT=/byustudies&CISOPTR=21958&CISOSHOW=6877 "The Kirtland Economy Revisited: A Market Critique of Sectarian Economics,"] ''BYU Studies'' 17:4 (Summer 1977): 389–471. [http://gospelink.com/library/doc?doc_id=282335 GospeLink]
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| *[http://www.mormonmoney.com/ Images of KSS scrip and other "Mormon Money"]
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| ===Printed material===
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| *Printed resources whose text is not available online
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