An obscure reference to the scurrilous Burr! In 1799, New York City needed clean water and Aaron Burr needed money and power, so he convinced Alexander Hamilton to help him charter The Manhattan Company—a water company that would bring "pure and wholesome water" to lower Manhattan. Buried in the charter's language was a clause allowing it to use its excess funds for anything it wanted, which let Burr create a bank that helped his Democratic-Republican Party win the Election of 1800 and went on to become the powerful Chase Manhattan Bank.
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About Plodding Through The Presidents