Collected Works of Abraham Lincoln. Volume 2.
Lincoln, Abraham, 1809-1865.
Dr. W. Fithian: Springfield,
Dear Sir: Feb: 16. 1850

I now undertake to answer your enquiries. According to the opinion and information of Mr. Higby, [2] the agent who has attended to the property for Majr. Mobley: [3]

The piece near Butler's [4] is worth $900 or $1000---is rented at six dollars per month, to terminate at the end of any month.

The piece near Dr. Henry's [5] is worth $300, is rented at $2.75 per month, to terminate the first of April.

The piece near Burkhardt's [6] is worth $400, is rented at $2.50 per month, to terminate any time.

The piece near the Governor's house is worth $800, is rented at $5.00 per month, to terminate the first of April.

My partner, Mr. Herndon, has been to Menard to see the land there; and he reports it as worth about $3.25 cents per acre, that it will sell best in 40 acre lots, and probably would bring $4. per acre, if it could be sold on a credit. There are 200 acres of it. The time of sale will be about the 1st. of April, but is not yet fixed; when fixed, I will write you. The sale will be piece by piece, applying the proceeds first to the Blanchard debt, and so much as it takes to pay it will be without redemption, & the purchaser will get immediate possession. The remainder will be subject to redemption, & immediate possession will not be given.

Majr. Mobley writes me that he shall try to be here at the sale; and I think it will be to your interest to be here also. Both being present, you can by agreement, sell a piece on credit whenever you see any thing can be made, or saved by it. Besides, R. Latham [7] who owns one undivided half of the piece near Burkhardt's says he wants to either buy or sell. In giving the value, I mean, the undivided half, mortgaged to you, is worth $400 & rents for $2.50. Yours as ever A. LINCOLN