Collected Works of Abraham Lincoln. Volume 1.
Lincoln, Abraham, 1809-1865.

Note for the Completion of the State Capitol [1]

$16,666.67. Springfield, March 22, 1838.

One year after date, we, the undersigned, or either of us, promise to pay to the President, Directors and Company of the State Bank of Illinois, sixteen thousand, six hundred and sixty-six dollars and sixty-seven cents, for value received, negotiable and payable at the bank, in Springfield, with interest until paid, at the rate of six per centum per annum, payable semi-annually.

Annotation

[1]   John Carroll Power, History of the Early Settlers of Sangamon County, Illinois (1876), p. 48. The location of the original document is unknown. The note was signed by one hundred and one citizens of Springfield including Lincoln. The amount represented the unpaid third installment of the $50,000 pledged by citizens of Springfield to the building of the new capitol building,Page  117

which remained unpaid because many of the original bondsmen had met financial ruin in the panic of 1837. Lincoln had not signed the original bond, as sometimes maintained, but did sign the note of later date.