Mischief springs from the power which the moneyed interest derives from a paper currency which they are able to control, from the multitude of corporations with exclusive privileges... which are employed altogether for their benefit.

The sentence expresses Jacksonian-era suspicion of concentrated financial power. Jackson argues that when a “moneyed interest” can influence or control paper currency and when governments grant corporations exclusive privileges (charters, monopolies, special legal advantages), the resulting system tends to serve insiders rather than the public. The “mischief” is not merely economic instability but political distortion: credit and corporate privilege become tools for favoritism, corruption, and unequal influence over policy. In Jackson’s worldview, hard money and limited corporate privilege were safeguards for republican equality, preventing a financial elite from leveraging banks and chartered corporations to dominate ordinary citizens and public institutions.