[Source: Broadhurst, Dale R., Mormon Chronology, http://olivercowdery.com/history/morchrn2.htm]
175 years ago today - mid Jan 1837
[General] Grandison Newell bought up a considerable amount of KSS notes then in circulation and presented them at the bank's Kirtland office, demanding that they be redeemed with specie. The bank probably ran out of its original stock of silver and gold coins well before the end of January.
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