Cyrus Smalling, one of the Seventy at Kirtland, wrote an account of Kirtland banking operations under date of March 10, 1841, in which he said that Smith and his associates collected about $6000 in specie, and that when people in the neighborhood went to the bank to inquire about its specie reserve, "Smith had some one or two hundred boxes made, and gathered all the lead and shot the village had, or that part of it that he controlled, and filled the boxes with lead, shot, etc., and marked them $1000 each. Then, when they went to examine the vault, he had one box on a table partly filled for them to see; and when they proceeded to the vault, Smith told them that the church had $200,000 in specie; and he opened one box and they saw that it was silver; and they were seemingly satisfied, and went away for a few days until the elders were packed off in every direction to pass their paper money."* * "Mormons; or Knavery Exposed" (1841). Smith believed in specie payments to his bank, whatever might be his intentions as regards the redemption of his notes, for, in the Messenger and Advocate (pp. 441-443), following the by-laws of the Anti-banking Company, was printed a statement signed by him, saying:-- "We want the brethren from abroad to call on us and take stock in the Safety Society, and we would remind them of the sayings of the Prophet Isaiah contained in the 60th chapter, and more particularly in the 9th and 17th verses which are as follows:-- "Surely the isles shall wait for me, and the ships of Tarshish first, to bring thy sons from far, their silver and their gold with them, unto the name of the Lord thy God. "For brass I will bring gold, and for iron I will bring silver, etc." The Messenger and Advocate (edited by W. A. Cowdery), of July, 1837, contained a long article on the bank and its troubles, pointing out, first, that the bank was opened without a charter, being "considered a kind of joint stock association," and that "the private property of the stockholders was holden in proportion to the amount of their subscriptions for the redemption of the paper," and also that its notes were absolutely void under the state law. The editor goes on to say:-- "Previously to the commencement of discounting by the bank, large debts had been contracted for merchandise in New York and other cities, and large contracts entered into for real estate in this and adjoining towns; some of them had fallen due and must be met, or incur forfeitures of large sums. These causes, we are bound to believe, operated to induce the officers of the bank to let out larger sums than their better judgments dictated, which almost invariably fell into or passed through the hands of those who sought our ruin.... Hundreds who were enemies either came or sent their agents and demanded specie, till the officers thought best to refuse payment."