Wright became an outspoken "anti-banker" primarily because of the popularity of the position, and unlike most of his party which supported the creation of private banks and ending the monopoly of the state bank, he was opposed to banks in any form. The charter for the Bank of Indiana was set to expire in 1857, and Wright not only opposed an extension of the bank's charter, but the enactment of laws to legalize any new banks from operating in the state. In 1851, Wright vetoed the state's Free Banking Act, which revoked the Bank of Indiana's monopoly within the state and allowed new banks to open in Indiana. The bill was returned to the General Assembly who passed it and overrode his veto.