When the Federalists under the influence of Hamilton started talking about establishing a branch of the central government’s “Bank of the United States” in Richmond, Thomas Jefferson wrote the following letter to James Madison on October 1, 1792: We “should reason thus: The power of erecting banks & corporations was not given to the general government, it remains then with the state [of Virginia] itself. For any person to recognize a foreign legislature [meaning the U.S.government] in a case belonging to the state itself,is an act of treason against the state, and whosoever shall do any act under colour of … Continue reading Jefferson: “Death to Central Bankers!”