“The bold effort the present bank had made to control the government … are but premonitions of the fate that await the American people should they be deluded into a perpetuation of this institution or the establishment of another like it.”
– Andrew Jackson
(1767-1845) 7th US President
Source: To Congress in 1836, Jackson closed the second Federal Bank (est. 1816) with these comments
“If Congress has the right under the Constitution to issue paper money,
it was given to be used by themselves, not to be delegated to individuals
or corporations.”
– Andrew Jackson
(1767-1845) 7th US President
“The system of banking [is] a blot left in all our Constitutions,
which, if not covered, will end in their destruction…
I sincerely believe that banking institutions are more dangerous
than standing armies; and that the principle of spending money to
be paid by posterity… is but swindling futurity on a large scale.”
– Thomas Jefferson
(1743-1826), US Founding Father, drafted the Declaration of Independence, 3rd US President
Source: stated in 1811 when President Jefferson refused to renew the charter for the First Bank of the United States (the 2nd central bank chartered by Congress in 1791)
http://quotes.liberty-tree.ca/quote_blog/Thomas.Jefferson.Quote.78B4
“By a declaration of rights, I mean one which shall stipulate
freedom of religion, freedom of the press, freedom of commerce
against monopolies, trial by juries in all cases, no suspensions
of the habeas corpus, no standing armies. These are fetters against
doing evil which no honest government should decline.”
– Thomas Jefferson
(1743-1826), US Founding Father, drafted the Declaration of Independence, 3rd US President
http://quotes.liberty-tree.ca/quote_blog/Thomas.Jefferson.Quote.58AE
“I consider the foundation of the Constitution as laid on this ground that ‘all powers not delegated to the United States by the Constitution, nor prohibited by it to the states, are preserved to the states or to the people.’ … To take a single step beyond the boundaries thus specially drawn around the powers of Congress is to take possession of a boundless field of power, no longer susceptible of any definition. The incorporation of a bank, and the powers assumed by this bill (chartering the first Bank of the United States), have not, been delegated to the United States by the Constitution.”
– Thomas Jefferson
(1743-1826), US Founding Father, drafted the Declaration of Independence, 3rd US President
Source: in opposition to the chartering of the first Bank of the United States (1791).
http://quotes.liberty-tree.ca/quote_blog/Thomas.Jefferson.Quote.B253