Thomas Jefferson Quote

The bank mania is one of the most threatening of these imitations. It is raising up a moneyed aristocracy in our country which has already set the government at defiance, and although forced at length to yield a little on this first essay of their strength, their principles are unyielded and unyielding. These have taken deep root in the hearts of that class from which our legislators are drawn, and the sop to Cerberus from fable has become history. Their principles lay hold of the good, their pelf of the bad, and thus those whom the Constitution had placed as guards to its portals, are sophisticated or suborned from their duties.

Letter to Josephus B. Stuart (May 10, 1817) ME 15:112; reported in The Writings of Thomas Jefferson, ed. Andrew A. Lipscomb (1904), vol. 15, p. 112. - Posthumous publications - On financial matters