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Doubtless such a great money-corporation great for those times did wield a political influence, and it might have been better if the Bank had been chartered with a smaller capital. It would have created fewer enemies, and might have escaped the future wrath of General Jackson.
In the earlier part of his career, in 1811, he had opposed a recharter of Hamilton's National Bank as a dangerous money-corporation, and withal unconstitutional on the ground that the general government had no power to charter companies.
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