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Andrew Jackson, April 7, 1833 letter to R. H. M. Cryer. Ralph Catterall, The 2nd Bank of the U.S., (Univ. of Chicago Press, 1902.
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I have no hesitation to say if they can re-charter the bank (2nd Bank of the US – a privately-owned central bank) with this hydra of corruption they will rule the nation and its charter will be perpetual and its corrupting influence destroy the liberty of our country. When I came into this administration…I had a majority of 75. since then it is now believed it (the bank) has bought over by loans, discounts, etc until…there were 2/3 for re-chartering it.”

— Andrew Jackson on Monetary reform

What It Means

This is a placeholder explanation generated by the low-overhead model. It interprets "I have no hesitation to say if they can re-charter the bank (2nd Bank of the US – a privately-owned central bank) with this hydra of corruption they will rule the nation and its charter will be perpetual and its corrupting influence destroy the liberty of our country. When I came into this administration…I had a majority of 75. since then it is now believed it (the bank) has bought over by loans, discounts, etc until…there were 2/3 for re-chartering it.”" in the context of "Andrew Jackson, April 7, 1833 letter to R. H. M. Cryer. Ralph Catterall, The 2nd Bank of the U.S., (Univ. of Chicago Press, 1902." to mean that wisdom is timeless.

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Source: Wikiquote: "Monetary reform" (Quotes) The 'What it means' explanation text was generated by Google Gemini Flash (accessed January 18, 2026). https://gemini.google.com/app

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#Andrew Jackson#bank#administrationi#privatelyowned#rechartering#hesitation#corruption#corrupting#untilthere#recharter#perpetual#influence
Andrew Jackson

About Andrew Jackson

Andrew Jackson (15 March 1767 – 8 June 1845) was the seventh president of the United States of America (1829-1837), regarded as a hero for his actions in the Battle of New Orleans (1815), a founder of the Democratic Party, and the eponym of the era of Jacksonian democracy. He was the first American president to have been a Democrat.