of families and 22.4% of the population were below the poverty line, including 25.1% of those under age 18 and 10.0% of those age 65 or over. History Beardstown was first settled by Thomas Beard in 1819; he erected a log cabin at the edge of the Illinois River, from which he traded with the local Native Americans and ran a ferry. The town was laid out in 1827 and was incorporated as a city in 1896. During the Black Hawk War in 1832, it was a base of supplies for the Illinois troops. Thomas Beard's son, Edward "Red" Beard, a noted gambler and saloon keeper of the Old West, was killed in a gunfight in Kansas in 1873 by "Rowdy Joe" Lowe. Earlier, he had built a two-story brick building which was used for 85 years as a store and inn. This inn is alleged to have sheltered Abraham Lincoln on his visits to Beardstown, but that is legend and unconfirmed. The building was demolished and replaced by a post office. William Henry Herndon, Lincoln's Springfield law partner, claimed that Lincoln contracted syphilis from a prostitute in Beardstown, an incident author Gore Vidal colorfully recounts in his historical novel Lincoln (1984). The Beardstown Courthouse was the site of a famous trial which helped build Abraham Lincoln's reputation as a lawyer after he used a copy of a farmer's almanac to undermine the credibility of the prosecution's key witness. The scene was later depicted in a painting by Norman Rockwell. A Lincoln Museum is on the second floor of the courthouse along with many Native American relics. The Beardstown Ladies From 1984 to 1993, a group of 16 late-aged women were picking stocks in the Dow Jones and over the course of nine years were claiming returns of 23.4% on their stocks. Once they went public with the amazing returns, they gained national recognition for their success. The Beardstown Ladies, with an average age of 70 (1994), were asked to appear on The Donahue Show, CBS's Morning Show, NBC's The Today Show, and ABC's Good Morning America. For six straight years they were honored by the National Association of Investors Corp's "All-Star Investment Clubs". In 1993, they produced their first home video for investors called, The Beardstown Ladies: Cooking Up Profits on Wall Street. By 1994, they wrote their first book, The Beardstown Ladies' Common-Sense Investment Guide, which sold over