“whatever advantages are to be derived from banking operations all citizens would be free to enjoy alike … the system is odious to the free spirit of our civil institutions … and detrimental to sound banking because confidence supposedly induced by the supposed sanctity of charter, enables the unworthy and dishonest managers of a bank’s concerns to flood the country with circulation that would not exist otherwise.’
If you said yes, guess again. These were actual quotes from the New York State Senate. When? 1826. You can read more about it here.