Today in History
On July 10, 1832, U. S. President Andrew Jackson vetoed legislation rechartering the national bank. Jackson was distrustful of central banking, in general, as well as its economic power over Americans and the lack of oversight exercised by Congress. Due to Jackson's continued opposition, the national bank's charter expired in 1836.
Quote-Unquote
"Many of our rich men have not been content with equal protection and equal benefits, but have besought us to make them richer by act of Congress. By attempting to gratify their desires we have in the results of our legislation arrayed section against section, interest against interest, and man against man, in a fearful commotion which threatens to shake the foundations of our Union."
– Andrew Jackson
Bank Veto Message
"Do not be afraid to suffer. Do not be afraid to be overthrown. It is being cast down and not destroyed; it is being shaken to pieces, and the pieces torn to shreds, that men become men of might." - Henry Ward Beecher
"True grit is making a decision and standing by it, doing what must be done. No moral man can have peace of mind if he leaves undone what he knows he should have done." - John Wayne
