Difference between revisions of "Question: Did Joseph Smith claim at one time that Kirtland Safety Society notes would be "as good as gold"?"

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==Question: Did Joseph Smith claim at one time that Kirtland Safety Society notes would be "as good as gold"?==
 
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* Marvin S. Hill notes that, "Brigham Young needn't have gone to such pains to ensure that this prophecy was fulfilled.  Today [1977] these notes are worth far more than the exchange rate between currency and gold."<ref>{{BYUS1|author=Marvin S. Hill, Keith C. Rooker and Larry T. Wimmer|article=The Kirtland Economy Revisited: A Market Critique of Sectarian Economics|vol=17|num=4|date=Summer 1977|start=445, and footnote 113}}{{pdflink|url=http://byustudies.byu.edu/Products/MoreInfoPage/MoreInfo.aspx?Type=7&ProdID=1457}}</ref>
 
* Marvin S. Hill notes that, "Brigham Young needn't have gone to such pains to ensure that this prophecy was fulfilled.  Today [1977] these notes are worth far more than the exchange rate between currency and gold."<ref>{{BYUS1|author=Marvin S. Hill, Keith C. Rooker and Larry T. Wimmer|article=The Kirtland Economy Revisited: A Market Critique of Sectarian Economics|vol=17|num=4|date=Summer 1977|start=445, and footnote 113}}{{pdflink|url=http://byustudies.byu.edu/Products/MoreInfoPage/MoreInfo.aspx?Type=7&ProdID=1457}}</ref>
 
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{{Critical sources box:Mormonism and church finances/Kirtland Safety Society/Good as gold/CriticalSources}}
 
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[[es:El Mormonismo y las finanzas de la Iglesia/Sociedad de Seguridad de Kirtland/Tan bueno como el oro]]
 
[[es:El Mormonismo y las finanzas de la Iglesia/Sociedad de Seguridad de Kirtland/Tan bueno como el oro]]
 
[[fi:Kysymys: Väittikö Joseph Smith kerran, että Kirtlandin Safety Societyn paperit tulisivat olemaan ”kullan arvoisia”?]]
 
[[fi:Kysymys: Väittikö Joseph Smith kerran, että Kirtlandin Safety Societyn paperit tulisivat olemaan ”kullan arvoisia”?]]
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[[Category:Questions]]

Latest revision as of 21:07, 30 April 2024

FAIR Answers—back to home page

Question: Did Joseph Smith claim at one time that Kirtland Safety Society notes would be "as good as gold"?

Joseph was likely being optimistic regarding the bank's future

Obviously, this did not turn out to be the case during the time that the Kirtland Safety Society was in existence. However, whatever one thinks of Joseph's conduct in connection with the Kirtland Safety Society, this promise, ironically, eventually came true.

  • Brigham Young redeemed Kirtland Safety Society scrip for gold in Utah.
  • Marvin S. Hill notes that, "Brigham Young needn't have gone to such pains to ensure that this prophecy was fulfilled. Today [1977] these notes are worth far more than the exchange rate between currency and gold."[1]


Source(s) of the criticism:
Critical sources

Notes

  1. Marvin S. Hill, Keith C. Rooker and Larry T. Wimmer, "The Kirtland Economy Revisited: A Market Critique of Sectarian Economics," Brigham Young University Studies 17 no. 4 (Summer 1977), 445, and footnote 113. PDF link