Andrew Jackson: Banking

Andrew Jackson was American general and politician, 7th president of the United States. Explore interesting quotes on banking.
Andrew Jackson: 82   quotes 45   likes

“The bank, Mr. Van Buren, is trying to kill me, but I will kill it.”

Said to Martin Van Buren (8 July 1832) and quoted in The Autobiography of Martin Van Buren, published in Annual Report of the American Historical Association for the Year 1918, vol. II (1920), ed. John Clement Fitzpatrick, ch. XLIII (p. 625)
Referring to the Second Bank of the United States
1830s

“I killed the bank.”

Some claim that Jackson said this on his deathbed.
Some websites also claim that this is inscribed upon Jackson's tombstone.
Misattributed

“Gentlemen! I too have been a close observer of the doings of the Bank of the United States. I have had men watching you for a long time, and am convinced that you have used the funds of the bank to speculate in the breadstuffs of the country. When you won, you divided the profits amongst you, and when you lost, you charged it to the bank. You tell me that if I take the deposits from the bank and annul its charter I shall ruin ten thousand families. That may be true, gentlemen, but that is your sin! Should I let you go on, you will ruin fifty thousand families, and that would be my sin! You are a den of vipers and thieves. I have determined to rout you out, and by the Eternal, (bringing his fist down on the table) I will rout you out!”

Reputedly from the original minutes of the Philadelphia committee of citizens sent to meet with President Jackson (February 1834), according to Andrew Jackson and the Bank of the United States (1928) by Stan V. Henkels as published by his son Stan V. Henkels Jr. - online PDF http://kenhirsch.net/money/AndrewJacksonAndTheBankHenkels.pdf. John Carney at Business Insider https://www.businessinsider.com/sorry-andrew-jackson-probably-never-said-that-den-of-theives-quote-2010-1 has disputed its authenticity alleging Henkels made unreliable claims about historical documents.
A different version of this quote is provided by Henkels in a 1912 copy of Publisher's Weekly https://books.google.com/books?id=IyYzAQAAMAAJ&newbks=1&newbks_redir=0&printsec=frontcover#v=onepage&q&f=false (p. 2039).
Disputed

“It is maintained by some that the bank is a means of executing the constitutional power “to coin money and regulate the value thereof.””

Congress have established a mint to coin money and passed laws to regulate the value thereof. The money so coined, with its value so regulated, and such foreign coins as Congress may adopt are the only currency known to the Constitution. But if they have other power to regulate the currency, it was conferred to be exercised by themselves, and not to be transferred to a corporation. If the bank be established for that purpose, with a charter unalterable without its consent, Congress have parted with their power for a term of years, during which the Constitution is a dead letter. It is neither necessary nor proper to transfer its legislative power to such a bank, and therefore unconstitutional.
Often paraphrased as: If Congress has the right under the constitution to issue paper money, it was given them to be used by themselves, not to be delegated to individuals or corporations.
1830s
Source: Veto Message Regarding the Bank of the United States http://avalon.law.yale.edu/19th_century/ajveto01.asp (10 July 1832)