[Painesville Republican]
A company has been formed in Kirtland, ... by the Mormons, or "latter day saints," as they call themselves, with a capital stock of no less than four millions of dollars. The company style themselves the "Kirtland Safety Society Anti-Banking Company." -- Under this title they have issued their notes which, for a week or two past, have circulated among us as money or bills of exchange, but they do not, as yet obtain a general currency. Not being received at the Bank in this place, those who are doing business with the bank, will not of course, take them. -- Besides, a law of this state passed February 22, 1816, "to prohibit the issuing and circulating of unauthorized Bank Paper," published in the Telegraph last week, if now in force, might subject persons who give these bills a circulation, to some trouble. It is doubted however, by good judges, whether the law to which we have alluded, is now in force, or if in force, whether it is not unconstitutional, and therefore not binding upon the people.
[Source: Painesville Republican, in Kenney, Scott, Saints Without Halos, "Mormon History 1830-1844," http://web.archive.org/web/20120805163534/saintswithouthalos.com/dirs/d_c.phtml]
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