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SELECTIONS FROM

THE LETTERS, SPEECHES, AND STATE

PAPERS OF ABRAHAM LINCOLN

VIEWS ON MONEY-LOANING, EDUCATION, AND

LAWMAKING

(Extract from first public address, March 1, 1832. Age, 23 years)

It appears that the practice of loaning money at exorbitant rates of interest has already been opened as a field for discussion; so I suppose I may enter upon it without claiming the honor, or risking the danger which may await its first explorer. It seems as though we are never to have an end to 5 this baneful and corroding system, acting almost as prejudicially to the general interests of the community as a direct tax of several thousand dollars annually laid on each county for the benefit of a few individuals only, unless there be a law made fixing the limits of usury. A law for this purpose, I am of 10 opinion, may be made without materially injuring any class of people. In cases of extreme necessity, there could always be means found to cheat the law; while in all other cases it would have its intended effect. I would favor the passage of a law on this subject which might not be very easily evaded. Let it be 15 such that the labor and difficulty of evading it could only be justified in cases of greatest necessity.

Upon the subject of education, not presuming to dictate any plan or system respecting it, I can only say that I view it as the most important subject which we as a people can be engaged 20 in. That every man may receive at least a moderate education, and thereby be enabled to read the histories of his own and other countries, by which he may duly appreciate the value of our free institutions, appears to be an object of vital importance, even on this account alone, to say nothing of the advantages 25 and satisfaction to be derived from all being able to read the

Scriptures, and other works both of a religious and moral nature, for themselves.

For my part, I desire to see the time when education — and by its means, morality, sobriety, enterprise, and industry — shall 5 become much more general than at present, and should be gratified to have it in my power to contribute something to the advancement of any measure which might have a tendency to accelerate that happy period.

With regard to existing laws, some alterations are thought to 10 be necessary. Many respectable men have suggested that our estray laws, the law respecting the issuing of executions, the road law, and some others, are deficient in their present form, and require alterations. But, considering the great probability that the framers of those laws were wiser than myself, I should 15 prefer not meddling with them, unless they were first attacked by others; in which case I should feel it both a privilege and a duty to take that stand which, in my view, might tend most to the advancement of justice.

But, fellow citizens, I shall conclude. Considering the great de20 gree of modesty which should always attend youth, it is probable I have already been more presuming than becomes me. However, upon the subjects of which I have treated, I have spoken as I have thought. I may be wrong in regard to any or all of them; but, holding it a sound maxim that it is better only sometimes to 25 be right than at all times to be wrong, so soon as I discover my opinions to be erroneous, I shall be ready to renounce them.

Every man is said to have his peculiar ambition. Whether it be true or not, I can say, for one, that I have no other so great as that of being truly esteemed of my fellow men, by rendering 30 myself worthy of their esteem. How far I shall succeed in gratifying this ambition is yet to be developed. I am young, and unknown to many of you. I was born, and have ever remained, in the most humble walks of life. I have no wealthy or popular relations or friends to recommend me. My case is thrown

exclusively upon the independent voters of the country; and, if
elected, they will have conferred a favor upon me for which I shall
be unremitting in my labors to compensate. But, if the good
people in their wisdom shall see fit to keep me in the background,
I have been too familiar with disappointments to be very much 5
chagrined.

POLITICAL VIEWS IN 1836
(Age, 27 years)

TO THE EDITOR OF THE Journal:

New Salem, June 13, 1836

In your paper of last Saturday I see a communication, over the signature of "Many Voters," in which the candidates who are announced in the Journal are called upon to show their hands." Agreed. Here's mine.

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I go for all sharing the privileges of the government who assist in bearing its burdens. Consequently, I go for admitting all whites to the right of suffrage who pay taxes or bear arms (by no means excluding females).

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If elected, I shall consider the whole people of Sangamon my 15 constituents, as well those that oppose as those that support me.

While acting as their representative, I shall be governed by their will on all subjects upon which I have the means of knowing what their will is; and upon all others I shall do what my own judgment teaches me will best advance their interests. 20 Whether elected or not, I go for distributing the proceeds of the sales of the public lands to the several states, to enable our state, in common with others, to dig canals and construct railroads without borrowing money and paying the interest on it. If alive on the first Monday in November, I shall vote for 25 Hugh L. White for President.*

Very respectfully

A. LINCOLN

*Judge Hugh L. White, Democratic Senator from Tennessee, 1825 to 1839, was nominated by a combination of Whigs and anti-Jackson

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