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In page Aaron Burr:

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Burr's Manhattan Company was more than a bank; it was a tool to promote Democratic-Republican power and influence, and its loans were directed to partisans. By extending credit to small businessmen, who then obtained enough property to gain the franchise, the bank was able to increase the party's electorate. Federalist bankers in New York responded by trying to organize a credit boycott of Democratic-Republican businessmen. Partisanship escalated.[citation needed]