Well, Jefferson and his allies thought the bank was unconstitutional since the Constitution did not specifically give the government power to charter banks. The Democrats even said that Hamilton's bank would have too much power. Whereas, Hamilton knew The Bank Of England wanted the U.S. to start a bank and fundings were whack. Hamilton even said "The power of creating new funds upon new objects of taxation by its own authority would enable the national government to borrow, as far as its necessities might require"