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What does KSSABC stand for?

KSSABC stands for Kirtland Safety Society Anti-Banking Company


This definition appears very rarely

Samples in periodicals archive:

Under the advice of non-Mormon legal counsel, the Kirtland Safety Society Anti-Banking Company (KSSABC) was formed under revised articles on January 2, 1837 as a joint stock company to serve as a quasi-banking institution. [5] Quasi-banks operated as banks (sometimes in conjunction with other business activities) although they had no formal bank charter. These corporate institutions were not uncommon in Ohio at the time as banking regulations were limited.
Wimmer, BYU Studies, Vol. 17, No. 4, p. 433-434. ] 2 Jan (Mon) Members of the Kirtland Safety Society and adopted new, revised "Articles of Agreement," and reorganized their institution as the "Kirtland Safety Society Anti-banking Company, rather than continuing to use the previous name. Sidney Rigdon continued as president and Joseph Smith as cashier. Warren Parrish became secretary and bank teller.