In January 1832, 23-year-old Lincoln and 21-year-old William F. Berry, a member of Lincoln's militia company during the
Black Hawk War, purchased one of the three general stores in New Salem from James and Rowan Herndon. The two men signed personal notes to purchase the business and a later acquisition of another store's inventory. The store sold general merchandise, such as apparel,
dry goods, hardware, home furnishings, and a selection of food, including takeout meals for stage passengers. For a short time, the two men were thriving merchants. Lincoln often slept in the back room of the store after a long night of reading. Lincoln described the store in his 1860 autobiography, writing in the third person: "He studied what he should do -- thought of learning the blacksmith trade -- thought of trying to study law --rather thought he could not succeed at that without a better education. Before long, strangely enough, a man offered to sell, and did sell, to Abraham and another as poor as himself, an old stock of goods, upon credit. They opened as merchants; and he says that was
the store." In January, Berry applied for a liquor license costing 7 dollars, and the establishment became a tavern as well. As licensed bartenders, Berry and Lincoln sold liquor at 12 cents a pint. The venture added revenue to the business but was not enough to keep it profitable. By 1833, New Salem was no longer a growing community; the
Sangamon River proved to be inadequate for commercial transportation and no roads or railroads allowed easy access to other markets. Adding to the stresses on the business, Berry became an alcoholic and was often too drunk to work, requiring Lincoln to run the store by himself. Historians have claimed that "local tradition maintained that disagreement over the sale of liquor caused the dissolution of the Lincoln-Berry partnership soon after they obtained the liquor license." Lincoln sold his share of the business to Berry in 1833, which closed the following year. After Berry's death in 1835, Lincoln was left with a business debt of $1,100.00 ( $40,000.00 in 2024) that he was not able to pay off until becoming a member of the
United States House of Representatives in 1847. == Legacy ==