| In October, 1837, Joseph Smith was tried by an Ohio jury for violating the 1816 Ohio Banking Law. The Mormons created their own monetary system within the borders of the United States. Smith was the treasurer of the Kirtland Anti-Bank in Kirtland, Ohio. To circumvent the laws he called his bank an "anti-bank," but this still violated the state's bank regulations for which he was convicted and fined $1,000 (the equivalent of about $90,000 in today's dollars). | ||
| Joseph Smith's "Anti-Bank" Note | ||
|
|