RR Auction Home
Current Auction Is Open For Bidding
 
Home |Sitemap|Contact Us| Past Auctions  
 How to Bid   Register to Bid   Auctions   Consign   About Us   Featured Lots   Reviews 
If you don't have a Bidder Number, register now to bid!
back button 30 Minute Rule Begins on the Evening of November 11 at 7:00PM ET
An Initial Bid Must Be Placed By 6:00PM ET To Participate After 6:00PM ET NEXT LOT PREVIOUS LOT
Item   Title MB Now at Next bid Bids New bid Max bid  
6   Abraham Lincoln Document Signed  $1000 $4608 $5069 12 You must login to place a bid.
click to enlarge

click to enlarge

Mouse Over to Zoom/Click to Enlarge

#6 - Abraham Lincoln Document Signed Estimate: $7,500+

Early 1840 promissory note involving the schools of Sangamon County, co-signed by Abraham Lincoln

Partly-printed DS, signed “A. Lincoln,” one page, 7.5 x 6.25, April 20, 1840. Promissory note, in part: "Twelve Months after date, we jointly and severally promise to pay Erastus Wright School Commissioner, and Agent for the Inhabitants of the County of Sangamon, for the use of the inhabitants of the County Sangamon, the sum of one hundred dollars." Signed at the conclusion by William Butler, Nathaniel Hay, and Abraham Lincoln. In good to very good condition, with heavy toning, and professional repairs to paper loss and tears, two of which pass through the signature.

On April 20, 1840, William Butler borrowed $100 from school fund commissioner Erastus Wright and promised with this document to make payments semi-annually with 12 percent annual interest until repaid. Nathaniel Hay and Abraham Lincoln co-signed the note as sureties that Butler would repay the loan. Hay immediately paid $6 as interest for the first six months, paid $12 in April 1841 for interest for one year, and paid $106 on September 6, 1842, for the principal and remaining interest.

The Northwest Ordinance of 1787 had established the principle of setting aside the sixteenth section (640 acres) of each township for the support of education. In Illinois, each county appointed a school commissioner to sell land in these sections and to make loans of the proceeds to support public schools in the county. In the case of the loan to Butler represented by this document, the school fund gained $24 in 29 months on the loan of $100. When purchasers or borrowers failed to pay their debts, the school commissioner turned to the local courts to obtain payment. Lincoln and his partners handled dozens of such cases for Wright.

This item is Pre-Certified!
Purchase a third-party full letter of authenticity for $250.
No extra postage and no long delays!
Click here if you are interested.


back button
Help links  
Learn more about our autograph authentication experts...
Buyer's Premium   The Bidder acknowledges and agrees that a 25.0% buyer’s premium will be added to the hammer price on all individual Timed Auction lots. For additional information view our complete terms and conditions.
Your bid is a contract  Placing a bid online means you agree to abide by the terms and conditions listed by RRAuction.
Payment methods accepted   All checks, cashiers checks, bank checks, or money orders are payable to R&R Auction Company of Massachusetts, LLC. RR Auction clients with an invoice $1000 or under will have the option to pay by credit card or Paypal. Please send Paypal payments to FinanceDepartment@rrauction.com.
Payment for items won in auction 595 is due by Monday, November 23rd unless prior arrangements have been made. Late payment may result in suspension of your bidding privileges.
Condition An item’s general condition is rated on an ascending scale of 1 to 4: good, very good, fine, very fine. Additional specific details that would not be obvious from the illustration, if any, are mentioned in the description.
Further descriptions You can call us or email us if you'd like us to answer questions about these items.