Collected Works of Abraham Lincoln. Volume 2.
Lincoln, Abraham, 1809-1865.

To George U. Miles [1]

[Springfield Ills. Feby 17th 1856]

But, my dear Sir, I understand the land is worth $1200 or $1500. Now deduct credit, and count interest on the note, and you will find that $203.41 cents is the utmost a decree could be rendered for up to Jany. 7. 1856.

Suppose I foreclose, you will bid the same; if nobody bids more, all will be well; but somebody will bid more; and then how will you stand? You will have to let the land go for that sum; or bid higher, and advance the cash for all above that sum. Dont you see? A. LINCOLN

Annotation

[1]   ALS, DLC-HW. This note is dated ``Springfield, Ills, Feby 17th 1856,'' but not in Lincoln's handwriting. See Lincoln to Miles, February 14, supra.