Debt For Lincoln Items Might Force Sale Of Artifacts | WGLT

Debt For Lincoln Items Might Force Sale Of Artifacts

May 11, 2018

The foundation that supports the Abraham Lincoln Presidential Library and Museum says it might have to sell artifacts if it can't pay off a decade-old loan that financed items related to the 16th president.

The Springfield State-Journal Register reports that the Abraham Lincoln Presidential Library Foundation has revealed it owes $10 million on a 2007 loan it obtained for the well-known Barry and Louise Taper Collection of Lincoln-related items.

It includes a stovepipe hat purportedly worn by Lincoln, bloodstained gloves Lincoln wore the night he was assassinated, and an 1824 book containing the first known example of his handwriting.

The foundation paid $25 million and borrowed $23 million. The note comes due in October 2019.

Springfield Republican Rep. Tim Butler says he would be comfortable seeing non-Lincoln items sold.

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