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IIRC the Team of Rivals book had an estimate on the money actually intended for Lincoln's 1861 compensation scheme, I'll check it in the evening when I get home.

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.

by DoDo on Wed Feb 19th, 2014 at 06:47:28 PM EST
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