Could they have imagined a government where something akin to the Dutch East India Company simply walked in and individually bribed every single Congressman and the President to do their bidding, without the American people even realizing it?
Sure they did:
1. “If the American people ever allow private banks to control the issue of their money, first by inflation and then by deflation, the banks and corporations that will grow up around them, will deprive the people of their property until their children will wake up homeless on the continent their fathers conquered.”
— Thomas Jefferson, 1802 letter to Secretary of State Albert Gallatin.
2. “I hope that we shall crush in its birth the aristocracy of our monied corporations, which dare already to challenge our government to a trial of strength, and bid defiance to the laws of our country.”
— Thomas Jefferson.
3. “The power of all corporations ought to be limited, [...] the growing wealth acquired by them never fails to be a source of abuses.”
— James Madison
4.“Banks have done more injury to the religion, morality, tranquility, prosperity, and even wealth of the nation than they can have done or ever will do good.”
— John Adams