We are back today with part 21 of our Joseph Smith Podcast series with Dr. John Turner, discussing his new book Joseph Smith: The Rise and Fall of an American Prophet.
In this episode, we explore one of the most fascinating and consequential moments in early Latter-day Saint history –the Kirtland Bank Scandal. Chapter 18 titled “Follies” (1836-1837), captures a turbulent period when Joseph SMith and the Saints in Kirtland, Ohio, faced financial ruin, internal dissent, and the unraveling of faith and community.
We trace how the ambitious completion of the Kirtland Temple left the Saints deep in debt and how Joseph Smith’s attempt to solve these financial woes through the creation of the Kirtland Safety Society Bank (or “anti” Bank) spiraled into one of the earliest crises of the Restoration. Against the backdrop of President ANdrew Jackson’s anti-bank crusade and the Panic of 1837, the Saints’ experiment with banking, prophecy, and faith would test their loyalty, their leadership, and their limits.
The story unfolds through dramatic events: Joseph and Sidney hiding from sheriffs, treasure-digging expeditions to Salem in search of divine relief from debt, and the chaotic collapse of confidence in the unchartered “anti-bank.” We discuss how this episode intertwined religious revelation and financial desperation – and how it triggered what became the largest apostasy in early church history.
