“Whatever interest or influence, whether public or private, has given birth to this Act, it can not be found either in the wishes or necessities of the executive department, by which present action is deemed premature, and the powers conferred upon its agent not only unnecessary, but dangerous to the Government and country.”
“It is to be regretted that the rich and powerful too often bend the acts of government to their selfish purposes.”
“If we can not at once, in justice to interests vested under improvident legislation, make our Government what it ought to be, we can at least take a stand against all new grants of monopolies and exclusive privileges, against any prostitution of our Government to the advancement of the few at the expense of the many, and in favor of compromise and gradual reform in our code of laws and system of political economy.”
–President Andrew Jackson
Veto Message opposing the Bank of the United States Act
10 July, 1832