Complex sentence: In January 1837, Smith and other church leaders created a joint stock company, called the Kirtland Safety Society, to act as a quasi-bank; the company issued bank notes capitalized in part by real estate.
Split into simpler sentences: In January 1837, Smith and other church leaders created a joint stock company, called the Kirtland Safety Society, to act as a quasi-bank. The company issued bank notes capitalized in part by real estate.