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February 17, 1856

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Sunday, February 17, 1856.
 Springfield, IL.

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Out of patience, Lincoln replies to letter from Miles, who has mortgage on land worth $1,200 to secure debt of $203.41. "Suppose I foreclose," he asks, "you will bid the same; if nobody bids more, all will be well; but somebody will bid more; and then how will you stand? You will have to let the land go for that sum; or bid higher, and advance the cash for all above that sum. Don't you see?" Abraham Lincoln to George U. Miles, [17 February 1856], CW, 2:332. 

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            <date value='1856-02-17'>Sunday, February 17, 1856.</date>
            <place key='39.8000, -89.6333' teiForm='name'>Springfield, IL</place>.
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         <p>
Out of patience, Lincoln replies to letter from Miles, who has 
mortgage on land worth $1,200 to secure debt of $203.41. "Suppose I 
foreclose," he asks, "you will bid the same; if nobody bids more, all 
will be well; but somebody will bid more; and then how will you 
stand? You will have to let the land go for that sum; or bid higher, 
and advance the cash for all above that sum. Don't you see?"
<bibl default='NO'>
               <xref from='ROOT' url='http://www.hti.umich.edu/cgi/t/text/text-idx?c=lincoln;rgn=div1;view=text;idno=lincoln2;node=lincoln2%3A355' targOrder='U' to='DITTO'>Abraham Lincoln to George U. Miles</xref>, [17 February 1856], <title corresp='books_Basler2'>CW</title>, 2:332.</bibl>
         </p>
      </div2>
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