- "I believe that banking institutions are more dangerous
to our liberties than standing armies. If the American people ever allow
private banks to control the issue of their currency, first by inflation,
then by deflation, the banks and corporations that will grow up around
[the banks] will deprive the people of all property until their children
wake-up homeless on the continent their fathers conquered. The issuing
power should be taken from the banks and restored to the people, to whom
it properly belongs."
-
- * Letter to the Secretary of the Treasury Albert Gallatin
(1802) and later published in The Debate Over The Recharter Of The Bank
Bill (1809)
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