Collected Works of Abraham Lincoln. Volume 7 [Nov. 5, 1863-Sept. 12, 1864].

About this Item

Title: Collected Works of Abraham Lincoln. Volume 7 [Nov. 5, 1863-Sept. 12, 1864].
Author: Lincoln, Abraham, 1809-1865.
Publication: New Brunswick, N.J.: Rutgers University Press; 1953.
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Link to this Item: http://name.umdl.umich.edu/lincoln7
Cite this Item: "Collected Works of Abraham Lincoln. Volume 7 [Nov. 5, 1863-Sept. 12, 1864]." In the digital collection Collected Works of Abraham Lincoln. https://name.umdl.umich.edu/lincoln7. University of Michigan Library Digital Collections. Accessed June 22, 2025.

Pages

Hon. Secretary of the Treasury: Executive Mansion,
My dear Sir: Washington, May 18, 1864.

Evening before last two gentlemen called on me, and talked so earnestly about financial matters, as to set me thinking of them a little more particularly since. And yet only one idea has occurred, which I think worth while even to suggest to you. It is this: Suppose you change your five per cent loan to six, allowing the holders of the fives already out to convert them into sixes, upon taking each an equal additional amount at six. You will understand, better than I all the reasons pro and con, among which probably will be, the rise of the rate of interest in Europe. Yours truly A. LINCOLN.