Title: Personal Finances of Abraham Lincoln
Headings: 
VIII. Savings During the Presidency
Content: Personal Finances of Abraham Lincoln
















Page 124
VIII. Savings During the Presidency
We have laid by some money, and during this term we will try and save up more, but shall not have enough to support us. We will go back to Illinois, and I will open a law-office at Springfield or Chicago, and practice law, and at least do enough to help give us a livelihood. LINCOLN'S STATEMENT TO HIS WIFE, April 14, 1865. LINCOLN saved much of the salary which he received as President of the United States. The assertion of many authors that he was careless and shiftless in his personal finances is not borne out by a study of his savings during these years. His estate grew from $15,000 in 1861 to more than $85,000 at his death. The increment came principally from his $25,000 yearly salary as President. Lincoln received forty-nine warrants in payment of his salary. Nine|teen of these he deposited in Washington banks;