The Memphis appeal. [volume] (Memphis, Tenn.) 1886-1890, 1888-01-18
A NEGRO FAMnY's s4s, DOC, 900.

Said to Have Inherited That Amount
From an Ancestor.
From the Galveston News.
When the New York papers a few days
ago referred to N. W. Cooney as being the
wcalthiest colored man in Texas they had
evidently not heard Of the Lincoln family,
now residing in Dallas six children in all,
who have come into possession Of S4S, 900,
900, giving them the snug little fortune OF
S., 900, 900 apiece.
One of the heirs TO this immense prop
erty is ut present in Galveston, and a Ne,ps
reporter looked him up yesterday, MS much
out OF curiosity 10 see a negro possessed OF
such enormous wealth, as in search OF an
item.
The following item from paper pub
lished in Paris, Tex, in connection with
the information that one OF the heirs was
in the city, is that which directed the re-
porter in the search:
''The Lincoln heirs [colored), living in
Dallas, who, year or 10 ago, became the
wealthiest colored people in America, have
recently come in possession of all their
property. The amount due them was on
gated the enormous sum OF S4S, 900 600
Forty-eight million dollarsl This has lust
been divided among the heirs-Abraham
Ed Burr, Mat, Fannie and Lulu-each
having received 5000, 900. Eight million
dollars"
The party in Galveston bears the illus.
trious cognomen Of Abraham Lincoln. He
was traced TO colored clearinghouse on
TkanN IL. II
and Church, but not being found in he
courteously responded TO the Ne,Cs man to
call at the Office, which he did last night,
coming in as meekly ~ though he wanted
TO borrow 81, instead OF owning 5000, 900.
Abraham is a young man, apparently not
over thirty-ive years Of age, OF a saddle
colorcd complexion, and evidently man
OF more than the average intelligence Of
his race. He has credentials, printed let
ter heads, etc wherein he il styled Gov.
Abraham Lincoln, showing him TO DC the
manager of the estate.
When asked by what means such enor-
nous wealth had been acquired by his
family, he replied that IL was an inherit.
ance from his grandmother, Fanny Ellis,
who resided ut Dallas, where she died
year or two ago. Fanny Ellis. was Mex
lean woman, and some forty years ago her
husband acquired immense wealth in spec
ulation in Mexican mining claims, which
was deposited in the Bank Of England.
Preceding the late civil war thoy bought
and sold slaves, and among one Of their
purchases from slave-trader was the
father Of the six children who recently
came into possession Of the sis,0 900.
The father married the daughter Of his
mistress, by whom he WIS set free, and the
six children being the direct issue OF that
marriage, established the chain OF direct
inheritance. Some litigation was necessary
in establishing their claim, and il was only
few days ago that they acquired actual
possession Of their fabulous inheritance.
Abraham Lincoln il here. as he says,
with view Of probably locating in Gal.
weston.
When asked II he had maiured any
plans for investing this vast estate, he re-
piled that they had decided TO invest il all
on January in United States bonds. The
interest on the bonds, he said, will give us
more than enough 10 live on, with good
margin for speculation without touching
the principal. II is also safe invest.
ment and carries with Il an immunity from
taxation.