Title: Abraham Lincoln and John F. Kennedy - Michael Journal
Headings: Abraham Lincoln and John F. Kennedy
Abraham Lincoln and John F. Kennedy
Two great presidents of the United States assassinated for the cause of justice
Abraham Lincoln
In retaliation
The Federal Reserve Act
John F. Kennedy
A lesson to learn
About the Author
Melvin Sickler

Content: The Bankers were going to charge him 24% to 36% interest. Lincoln was horrified and went away greatly distressed, for he was a man of principle and would not think of plunging his beloved country into a debt that the country would find impossible to pay back. Eventually President Lincoln was advised to get Congress to pass a law authorizing the printing of full legal tender Treasury notes to pay for the War effort. Lincoln recognized the great benefits of this issue. At one point he wrote: “... (we) gave the people of this Republic the greatest blessing they have ever had – their own paper money to pay their own debts...”
The Treasury notes were printed with green ink on the back, so the people called them “Greenbacks”. Lincoln printed 400 million dollars worth of Greenbacks (the exact amount being $449,338,902), money that he delegated to be created, a debt-free and interest-free money to finance the War. It served as legal tender for all debts, public and private. He printed it, paid it to the soldiers, to the U.S. Civil Service employees, and bought supplies for war. Shortly after that happened, “The London Times” printed the following: “