"With regard to Banks, they have taken too deep and too wide a root in social transactions, to be got rid of altogether, if that were desirable. They have a hold on public opinion, which alone would make it expedient to aim rather at the improvement, than the suppression of them. As now generally constituted, their advantages whatever they be, are outweighed by the excesses of their paper emissions, and the partialities and corruption with which they are administered."
(1751-1836), Father of the Constitution for the USA, 4th US President
May 1827, James Madison letter to his friend James K. Paulding