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After Investing in its Stock, Lincoln Represents a Railroad in a Precedent-Setting Lawsuit
ABRAHAM LINCOLN,
Autograph Manuscript Signed by Lincoln in text, constituting his official transcript of the “Subscription Book of the Capital Stock of the Alton and Sangamon Rail Road Company,” incorporated February 27, 1847, transcribed in early 1851. Comprising a cover sheet titled in Lincoln’s hand, the joint stock subscription statement and list of 91 shareholders with the number of shares subscribed, and leaf with Lincoln’s legal docket: “Alton and Sangamon Railroad Company vs. James A. Barret. Copy of contents of subscription book....” 8 pp., 6⅝ x 8¼ x ¼ in.
A list of stockholders, entirely in Lincoln’s hand, filed as evidence in his first significant railroad case. Lincoln’s own appearance in the shareholder list represents only the second known instance of a stock purchase by the future president. The Illinois Supreme Court’s ultimate ruling in favor of Lincoln and the railroad set an important legal precedent, upholding the binding nature of a stockholder’s contractual and financial obligations. “The decision, subsequently cited in twenty-five other cases throughout the United States, helped establish the principle that corporation charters could be altered in the public interest, and it established Lincoln as one of the most prominent and successful Illinois practitioners of railroad law” (Donald, p.155).
Item #21117.99, $325,000
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The Only Abraham Lincoln Letter to his Fiancée Mary Owens Still in Private Hands—Long on Politics, Short on Love
ABRAHAM LINCOLN,
Autograph Letter Signed, to Mary S. Owens, December 13, 1836, 2 pp., 9¾ x 7¾ in.
“Write back as soon as you get this, and if possible say something that will please me, for really I have not been pleased since I left you.”
Here, Lincoln perfectly demonstrates what Owens later described as deficiencies “in those little links which make up the chain of a woman’s happiness.” Rather than expressing his feelings for Owens, Lincoln complains about his health and discusses political issues swirling in the Illinois General Assembly. Although inept at love, the letter offers rare insight into the young representative’s thoughts on a variety of political issues. In this highly important letter to Mary Owens, a self-absorbed Lincoln complains to his potential spouse of his health, both physical and mental, and discusses political issues to the point that he describes his own letter as “dry and stupid.” Perhaps more revealing than he realized, it illustrates the tension in Lincoln’s early life between matters of the head, with which he was comfortable, and matters of the heart, with which he clearly was not.
Item #24346.99, $375,000
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