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A Compilation of the Messages and Papers of the Presidents - Volume 3, part 1: Andrew Jackson (Second Term) by James D. (James Daniel) Richardson
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of society.

Some of the items for which accounts have been rendered show the
construction which has been given to the resolutions and the way in
which the power it confers has been exerted. The money has not been
expended merely in the publication and distribution of speeches, reports
of committees, or articles written for the purpose of showing the
constitutionality or usefulness of the bank, but publications have been
prepared and extensively circulated containing the grossest invectives
against the officers of the Government, and the money which belongs to
the stockholders and to the public has been freely applied in efforts to
degrade in public estimation those who were supposed to be instrumental
in resisting the wishes of this grasping and dangerous institution. As
the president of the bank has not been required to settle his accounts,
no one but himself knows how much more than the sum already mentioned
may have been squandered, and for which a credit may hereafter be
claimed in his account under this most extraordinary resolution. With
these facts before us can we be surprised at the torrent of abuse
incessantly poured out against all who are supposed to stand in the way
of the cupidity or ambition of the Bank of the United States? Can we be
surprised at sudden and unexpected changes of opinion in favor of an
institution which has millions to lavish and avows its determination not
to spare its means when they are necessary to accomplish its purposes?
The refusal to render an account of the manner in which a part of the
money expended has been applied gives just cause for the suspicion that
it has been used for purposes which it is not deemed prudent to expose
to the eyes of an intelligent and virtuous people. Those who act justly
do not shun the light, nor do they refuse explanations when the
propriety of their conduct is brought into question.

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