¹ See Arrington, L., The Great Basin Kingdom: Economic History of the Latter Day Saints (Lincoln, Nebraska, 1966), pp. 13–14.Google Scholar

² The usefulness of the latter evidence is slightly tempered by some temporal distortion, and the strength of the conclusion rests in large measure on the experience of only three states. The number of “banks incorporated in all years before year of restraining act” should be adjusted for interstate differences in the time period covered (perhaps by reporting the rate of formation). Of the ninety-four banks chartered in the two years after the passage, sixty-eight come from New York, Ohio, and Pennsylvania, aha forty-one from the last named alone.