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At times, our affiliate partners reach out to the Editors at The Classy Investors with special opportunities for our readers. The message below is one we think you should take a close, serious look at. Dear fellow investor, On November 10th, the U.S. Government is going to [make an announcement]( that could radically alter your retirement. Two of America's largest banks - Goldman Sachs and J.P. Morgan - have quietly warned their richest clients to prepare for it. And billionaires George Soros, Seth Klarman and David Tepper have sold 103 stocks in anticipation. Abraham Lincoln became the United Statesâ 16th President in 1861, issuing the Emancipation Proclamation that declared forever free those slaves within the Confederacy in 1863. Lincoln warned the South in his Inaugural Address: âIn your hands, my dissatisfied fellow countrymen, and not in mine, is the momentous issue of civil war. The government will not assail youâ¦. You have no oath registered in Heaven to destroy the government, while I shall have the most solemn one to preserve, protect and defend it.â Lincoln thought secession illegal, and was willing to use force to defend Federal law and the Union. When Confederate batteries fired on Fort Sumter and forced its surrender, he called on the states for 75,000 volunteers. Four more slave states joined the Confederacy but four remained within the Union. The Civil War had begun. The son of a Kentucky frontiersman, Lincoln had to struggle for a living and for learning. Five months before receiving his partyâs nomination for President, he sketched his life: ð°ð'ð ððð ðððð
ðð ððð ðððð'ð ððððððððð. âI was born Feb. 12, 1809, in Hardin County, Kentucky. My parents were both born in Virginia, of undistinguished familiesâsecond families, perhaps I should say. My mother, who died in my tenth year, was of a family of the name of Hanksâ¦. My father ⦠removed from Kentucky to ⦠Indiana, in my eighth yearâ¦. It was a wild region, with many bears and other wild animals still in the woods. There I grew upâ¦. Of course when I came of age I did not know much. Still somehow, I could read, write, and cipher ⦠but that was all.â Lincoln made extraordinary efforts to attain knowledge while working on a farm, splitting rails for fences, and keeping store at New Salem, Illinois. He was a captain in the Black Hawk War, spent eight years in the Illinois legislature, and rode the circuit of courts for many years. His law partner said of him, âHis ambition was a little engine that knew no rest.â But it's hard to know what to do to protect yourself and your future. He married Mary Todd, and they had four boys, only one of whom lived to maturity. In 1858 Lincoln ran against Stephen A. Douglas for Senator. He lost the election, but in debating with Douglas he gained a national reputation that won him the Republican nomination for President in 1860. As President, he built the Republican Party into a strong national organization. Further, he rallied most of the northern Democrats to the Union cause. On January 1, 1863, he issued the Emancipation Proclamation that declared forever free those slaves within the Confederacy. Lincoln never let the world forget that the Civil War involved an even larger issue. This he stated most movingly in dedicating the military cemetery at Gettysburg: âthat we here highly resolve that these dead shall not have died in vainâthat this nation, under God, shall have a new birth of freedomâand that government of the people, by the people, for the people, shall not perish from the earth.â That's why I put together [ðð¡ð¢ð¬ ðð«ðð ð«ðð©ð¨ð«ð ðð¨ð« ð²ð¨ð®.]( In 1823 he was admitted to the bar; seven years later he moved his law practice to Buffalo. As an associate of the Whig politician Thurlow Weed, Fillmore held state office and for eight years was a member of the House of Representatives. In 1848, while Comptroller of New York, he was elected Vice President. Fillmore presided over the Senate during the months of nerve-wracking debates over the Compromise of 1850. He made no public comment on the merits of the compromise proposals, but a few days before President Taylorâs death, he intimated to him that if there should be a tie vote on Henry Clayâs bill, he would vote in favor of it. Thus the sudden accession of Fillmore to the Presidency in July 1850 brought an abrupt political shift in the administration. Taylorâs Cabinet resigned and President Fillmore at once appointed Daniel Webster to be Secretary of State, thus proclaiming his alliance with the moderate Whigs who favored the Compromise. Lincoln won re-election in 1864, as Union military triumphs heralded an end to the war. In his planning for peace, the President was flexible and generous, encouraging Southerners to lay down their arms and join speedily in reunion. The spirit that guided him was clearly that of his Second Inaugural Address, now inscribed on one wall of the Lincoln Memorial in Washington, D. C.: âWith malice toward none; with charity for all; with firmness in the right, as God gives us to see the right, let us strive on to finish the work we are in; to bind up the nationâs woundsâ¦. â On Good Friday, April 14, 1865, Lincoln was assassinated at Fordâs Theatre in Washington by John Wilkes Booth, an actor, who somehow thought he was helping the South. The opposite was the result, for with Lincolnâs death, the possibility of peace with magnanimity died. The Presidential biographies on WhiteHouse.gov are from âThe Presidents of the United States of America,â by Frank Freidel and Hugh Sidey. Copyright 2006 by the White House Historical Association. In it, I tell you [How to Protect Yourself from the Greatest Crisis Facing Retirees in 70 Years](. Millard Fillmore, a member of the Whig party, was the 13th President of the United States (1850-1853) and the last President not to be affiliated with either the Democratic or Republican parties. In his rise from a log cabin to wealth and the White House, Millard Fillmore demonstrated that through methodical industry and some competence an uninspiring man could make the American dream come true. Born in the Finger Lakes country of New York in 1800, Fillmore as a youth endured the privations of frontier life. He worked on his fatherâs farm, and at 15 was apprenticed to a cloth dresser. He attended one-room schools, and fell in love with the redheaded teacher, Abigail Powers, who later became his wife. Sincerely, A bill to admit California still aroused all the violent arguments for and against the extension of slavery, without any progress toward settling the major issues. Clay, exhausted, left Washington to recuperate, throwing leadership upon Senator Stephen A. Douglas of Illinois. At this critical juncture, President Fillmore announced in favor of the Compromise. On August 6, 1850, he sent a message to Congress recommending that Texas be paid to abandon her claims to part of New Mexico. This helped influence a critical number of northern Whigs in Congress away from their insistence upon the Wilmot Provisoâthe stipulation that all land gained by the Mexican War must be closed to slavery. Douglasâs effective strategy in Congress combined with Fillmoreâs pressure from the White House to give impetus to the Compromise movement. Breaking up Clayâs single legislative package, Douglas presented five separate bills to the Senate: Dylan Jovine
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