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Some politicians opposed the 2nd Bank because of the arrogance of its president, Nicholas Biddle. "As to mere power," Biddle boasted, "I have been for years in the daily exercise of more personal authority than any other President habitually enjoys." Fearing Biddle's influence, Bankers in New York and other states wanted the specie owned by the Fed Gov. deposited in their own institutions rather than in the 2nd Bank. Other expansion-minded bankers, included friends of Jackson's in Nashville, wanted to escape supervision by any central bank.

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Q: What was Nicholas Biddle's initial attitude toward the bank involvement in politics?
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