The Miracles of the Kirtland Temple
Jesus Christ Appears in Kirtland Temple
On April 3, 1836, Jesus Christ along with other Heavenly Messengers Appeared to Joseph Smith and Oliver Cowdery in the Kirtland, Ohio Temple. Two years later, Oliver Cowdery was excommunicated and an estimated 1/3 of the Leadership had left the Church.
The Kirtland, Ohio Temple
In their poverty the Latter-Day Saints sacrificed everything they had to build a Temple for the Lord. The result was a "Day of Pentecost" where their was an outpouring of Visions and other Sacred Experiences. These Spiritual experiences lasted for days and were so profound that a local paper reported the Temple was on Fire and Burned to the Ground.
The Failure of the 2nd National Bank and Andrew Jackson
The First National Bank was organized as part of the Revolutionary War Peace Process by Alexander Hamilton. The Bank of New York (Bank of England) was given 40% ownership and the US 60%. In 1812, James Madison, who viewed the bank as illegal tribute to England, refused to renew the Charter. The result was the war of 1812.
Following the War, a Second National Bank was organized as part of of the Peace Process. The Bank of England increased its ownership to 60% of the Bank. Of course Andrew Jackson, who had successfully defeated the British in the War of 1812, vowed to destroy the Second National Bank during his campaign for President. After the election, he withdrew all government funds from the Bank and it Collapsed.
The Kirtland Safety Society
With the Influx of Converts, Kirtland continued to swell. "The major growth of the LDS population in Kirtland began in 1833. The number rose from approximately 100 in that year to 2,000 in 1838." (Source)
"The Kirtland Safety Society was originally proposed as a chartered bank, and Orson Hyde tried but failed to have the Ohio legislature charter it, due principally to political dynamics. The Society was then reorganized as a joint stock company. Church leaders also acquired a controlling interest in the Bank of Monroe in Michigan and apparently hoped to have the Society operate under that bank." (Source)
Opposition to the Kirtland Safety Society
"An attack on the Society came when Grandison Newell bought Kirtland Safety Society notes and then took them to the Society office to be redeemed for specie in an effort to deplete its capital reserves. Rural banks had capital tied up in land and generally could not turn assets into cash fast enough to meet notes presented for redemption. The nation was beset with land speculation, and the Saints were not immune from it." (Ibid)
Threats of mob violence increased. As Wilford Woodruff recorded on January 24, 1837, “We had been threatened by a mob from Painesville to visit us that night & demolish our Bank & take our property. The Painesville Telegraph, which had strong anti-Mormon sentiments, also started publishing aggressive articles about the dangers and alleged illegalities of the newly launched Society. (Ibid)
The Panic of 1837
"the Panic of 1837 impacted the entire Ohio valley financial community, including Kirtland, as well as the Bank of Monroe. This national financial crisis is placed in context with the leadership crisis that emerged during this same time within the LDS Church, aimed principally at Joseph Smith. Disaffection led some participants in the bank to withdraw funds from the Society, whether innocently or maliciously, that contributed to the bank’s final collapse. But other key directors of the bank and partisans in Kirtland committed what can only be viewed as malfeasance, resulting in Joseph Smith affirmatively disassociating himself from the Society in August 1837." (Ibid)
The Panic Was National
State banks began loaning money to industrialists and farmers. The banks also began printing exorbitant amounts of currency. This action led to high inflation. At the same time that banks were printing currency and loaning out large sums of money, foreign governments and businesses, hoping to benefit from the United States' burgeoning economy, loaned large sums of money to U.S. businessmen.As a result of all of these factors, high inflation resulted.
Currency quickly depreciated. In July 1836, Jackson issued the Specie Circular. Under this act, the government would only accept gold or silver in payment for federal land. Foreign investors also did not want to accept U.S. currency as payment, and they began to call in their loans to U.S. businessmen before the currency depreciated further.
U.S. citizens rushed the banks to withdraw the necessary funds to pay off their debts. Unfortunately, many banks had loaned out too much money and did not have sufficient reserves on hand to meet the demands of their customers.
Approximately eight hundred banks closed their doors in 1837, stifling economic growth and bankrupting numerous businesses, including many of the banks.During the Panic of 1837, approximately ten percent of U.S. workers were unemployed at any one time. Mobs in New York City raided warehouses to secure food to eat.
Prominent businessmen, like Arthur Tappan, lost everything. Churches and other charitable organizations established soup kitchens and breadlines. In Ohio, many people lost their entire life savings as banks closed. Stores refused to accept currency in payment of debts, as numerous banks printed unsecured (backed by neither gold nor silver) money. Some Ohioans printed their own money, hoping business owners would accept it. Thousands of workers lost their jobs, and many businesses reduced other workers' wages.
It took until 1843 before the United States' economy truly began to recover. The federal government's failure to assist the U.S. public led voters to turn against the Democratic Party, the party in control of government at the start of the Panic of 1837. In 1840, voters elected William Henry Harrison, a member of the Whig Party and an Ohioan, over the Democratic candidate.
Joseph Smith Warned the Saints About the Spirit of Speculation
Joseph Smith had actually laid out an inspired plan whereby all Church members would be provided for by the voluntary sacrifice of those with means. This was called the United Order. Unfortunately, greed and jealousy destroyed the plan. He had also written about a "Secret Combination" within the Kirtland Safety Society Leadership that was embezzling money. This group was allegedly led by Warren Parish, who had served as Joseph's scribe.
In -spite of his efforts to build up the Lords's kingdom on earth using the United Order, Joseph was blamed for the very collapse of the Kirtland Safety Society and the 1837 Panic.
The Resulting Apostasy
We are Reliving the Days of Kirtland
Over the past few decades many Leaders and Members of the Church have sought popular exceptance of the world for a variety of reasons. As a result, the members and leaders have enjoyed unprecidented prosperity. Unfortunately, like Kirtland, we live in a Gilded Age where the pursuit of wealth has triumped over the pursuit of truth.
Like Kirtland, we face a monstrous financial collapse that will undoubtedly lead to the same Spirit of Persecution and Apostasy that occurred in Kirtland, Ohio.
Satan has convinced far too many in the Church to confuse worldly gain and popularity with true salvation. The result will be an unprecidented betrayal of the truth. Only those whose motives are pure, and whose hearts are humble, will never let go of the Pearl of Great Price that we call the Gospel of Jesus Christ.