Quote by Thomas Jefferson
The bank mania is one of the most threatening of these imitations. It is raising up a monied 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.
Summary
This quote suggests that the rise of banks in society poses a significant danger. It explains that the influence and power of banks are creating a wealthy elite class that is challenging and defying the government. Although the government may have made some attempts to respond, the underlying principles fueling this influential class remain steadfast and unchanging. Ultimately, the quote highlights concerns about the growing influence and potential threat posed by the control of banks in society.
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