While Jackson, then, on the whole, left tariffs to Congress, he was not so discreet in matters of finance. His war with the United States Bank was an important episode in his life, and the chief cause of the enmity with which the moneyed and conservative classes pursued him to the end of his days. Had he let the Bank alone he would have been freed from most of the vexations and turmoils which marked his administration. He would have left a brighter name. He would not have given occasion for those assaults which met him on every hand, and which history justifies. He might even have been forgiven for his spoils system and unprecedented removals from office. In attacking the Bank he laid a profane touch upon a sacred ark and handled untempered mortar. He stopped the balance-wheel which regulated the finances of the country, and introduced no end of commercial disorders, ending in dire disasters. Like the tariff, finances were a question with which he was not competent to deal. His fault was something more than the veto on the recharter of the Bank by Congress, which he had a constitutional right to make; it was a vindictive assault on an important institution before its charter had expired, even in his first message to Congress. In this warfare we see unscrupulous violence,--prompted, not alone by his firm hostility to everything which looked like a monopoly and a moneyed power, but by the influence of advisers who hated everything like inequality of position, especially when not usable for their own purposes. They stimulated his jealousy and resentments. They played on his passions and prejudices. They flattered him as if he were the monarch of the universe, incapable of a wrong judgment. Hostility to the money-power, however, is older than the public life of Jackson. It existed among the American democracy as early as the time of Alexander Hamilton. When he founded the first Bank of the United States he met with great opposition from the followers of Jefferson, who were jealous of the power it was supposed to wield in politics. When in 1810 the question came up of renewing the charter of the first United States Bank, the Democratic-Republicans were bitter in their opposition; and so effective was the outcry that the bank went into liquidation, its place being taken by local banks. These issued notes so extravagantly that the currency of the country, as stated by Professor Sumner, was depreciated twenty-five per cent. So great was the universal financial distress which followed the unsound system of banking operations that in 1816 a new bank was chartered, on the principles which Hamilton had laid down.