Lincoln foresaw just $400 per slave when he attempted a test run in the state legislature of Delaware (which rejected the scheme), and calculated that buying all the slaves in the pro-Union slave states would then cost the same as running the war for 87 days. At $400 per slave, the compensation for all the slaves (including those in the South) would have been $1.6 billion.

_{*Lunatic*, n.
One whose delusions are out of fashion.}