Promissory Note of Nathaniel Hay to Abraham Lincoln, 2 March 18551Springfield March 2. 1855.N. Hay.
1An unknown person wrote this handwritten transcription. Abraham Lincoln produced another version of this promissory note in his own hand.
2In April 1849, Hay borrowed $200 from Lincoln. Hay gave Lincoln a promissory note for $200 at six percent interest for the first six months and ten percent thereafter. Over a period of six years, Hay repaid Lincoln with small amounts of cash and in-kind services. Hay also paid Lincoln for legal fees in a number of cases in which Lincoln was his attorney. On March 2, 1855, Lincoln and Hay settled the debt. Hay gave Lincoln another promissory note and this due-bill for the balance of interest due. Hay died in February 1856, and on June 9, Lincoln filed a claim for $240 against Hay’s estate, amounting to the principal of the promissory note plus interest. Joshua F. Amos, Hay’s brother-in-law and administrator of Hay’s estate, paid Lincoln $225 on May 16, 1857. Lincoln deposited $200 of the money into his account at the Springfield Marine and Life Insurance Company.
Receipt, Document ID: 130074, Lincoln filed claim against Hay's estate, Martha L. Benner and Cullom Davis et al., eds., The Law Practice of Abraham Lincoln: Complete Documentary Edition, 2d edition (Springfield: Illinois Historic Preservation Agency, 2009), http://www.lawpracticeofabrahamlincoln.org/Details.aspx?case=141352; Daily Illinois State Journal (Springfield), 7 February 1856, 2:4; Harry E. Pratt, The Personal Finances of Abraham Lincoln (Springfield: The Abraham Lincoln Association, 1943), 72-73, 162.
Handwritten Transcription, 1 page(s), Abraham Lincoln Papers, Library of Congress (Washington, DC).