Capitol Fax.com - Your Illinois News Radar » Follow the money
SUBSCRIBE to Capitol Fax      Advertise Here      Mobile Version     Exclusive Subscriber Content     Updated Posts    Contact
CapitolFax.com
To subscribe to Capitol Fax, click here.
Follow the money

Friday, Sep 21, 2018

* Background is here. SJ-R editorial on the Lincon hat controversy

The WBEZ report raises many questions. The hat was appraised at $15,000 in 1988 but $6.5 million in 2007. Why the massive increase in value? Prior to the foundation’s purchase of the Taper collection, an appraiser said he based his evaluation on “prior in-depth research by the museum.” But the historians reported they found no evidence of that research. Where is it? Alan Lowe, who has been director at ALPLM since 2016, said he did not see the full report until about a month ago when one of its authors gave it to him. Why did the foundation not give it to him when he arrived? The museum’s curator has been fired. Why?

* From the WBEZ report

In that letter, [Abraham Lincoln Presidential Library and Museum executive director Alan Lowe] also told Knorowski and McCaskey that he had unearthed a document at the museum from former state historian Thomas Schwartz, who had arranged a 1988 tour of Lincoln artifacts and borrowed the hat from an earlier owner as part of that tour. Taper purchased the hat from that previous owner for an undisclosed price in 1990.

In 1988, Schwartz valued the hat at $15,000, a far cry from its $6.5 million appraisal in 2007, Lowe told WBEZ.

“I’d like to ask Ms. Taper and Mr. Schwartz, ‘Why between 1988 and 2007, what new thing did you see that led you to change the possible value of that from $15,000 to $6.5 million?’ Certainly, that means somewhere along the point, you saw something that was a slam dunk by saying that this belonged to Abraham Lincoln. And if you didn’t, why did you do that?”

WBEZ was interested in posing that question to Schwartz, now director of the Herbert Hoover Presidential Library and Museum in West Branch, Iowa, but he ignored an interview request.

- Posted by Rich Miller        

23 Comments
  1. - Texas Red - Friday, Sep 21, 18 @ 12:07 pm:

    just don’t put that hat on bed.


  2. - Grand Avenue - Friday, Sep 21, 18 @ 12:08 pm:

    Well, when the lawsuit happens & discovery begins, we’ll find out what how much that 1990 “undisclosed price” was


  3. - Deadbeat Conservative - Friday, Sep 21, 18 @ 12:08 pm:

    =In 1988, Schwartz valued the hat at $15,000, a far cry from its $6.5 million appraisal in 2007, Lowe told WBEZ.=

    Well, Lincoln and the board were republicans, didn’t a lot of republicans see that kind of asset increase from 1988-2007?


  4. - Soccermom - Friday, Sep 21, 18 @ 12:09 pm:

    I am so happy that this is finally coming to light.


  5. - wordslinger - Friday, Sep 21, 18 @ 12:10 pm:

    –“I’d like to ask Ms. Taper and Mr. Schwartz, ‘Why between 1988 and 2007, what new thing did you see that led you to change the possible value of that from $15,000 to $6.5 million?’–

    I’m guessing the rich, distinct aroma of the meat-a-cookin’.


  6. - RNUG - Friday, Sep 21, 18 @ 12:13 pm:

    == I’m guessing the rich, distinct aroma of the meat-a-cookin’. ==

    Specifically, BBQ pork


  7. - Ron Burgundy - Friday, Sep 21, 18 @ 12:16 pm:

    Paging the US Attorney’s office…


  8. - Not a Billionaire - Friday, Sep 21, 18 @ 12:17 pm:

    Did any tax dollars go to this?


  9. - Langhorne - Friday, Sep 21, 18 @ 12:18 pm:

    Any comments from foundation board members? Tony leone? Anything of interest in foundation board minutes, reports? Just curious.


  10. - Soccermom - Friday, Sep 21, 18 @ 12:20 pm:

    Does this mention that Taper was ON THE BOARD when they made the purchase?


  11. - ILPundit - Friday, Sep 21, 18 @ 12:23 pm:

    It’s worth noting that the same Thomas Schwartz that appraised the hat at $15,000 in 1988 was still serving as Illinois State Historian in 2007 when the foundation purchased the hat for $6.5 million. Was he consulted at the time? Why did he not raise red flags?

    He’s currently serving as the Director of a a different Presidential Library. He has a professional obligation to answer questions about this, in my opinion.


  12. - Robert the Bruce - Friday, Sep 21, 18 @ 12:29 pm:

    Something smells, not sure where exactly. Taper sure had some good ROI on the hat.

    Only political contribution I found in quick online searches of the Tapers: $1,000 to Rauner in 2014 and $5.000 to Jesse Jackson Jr. in 2012.


  13. - Galena Guy - Friday, Sep 21, 18 @ 12:34 pm:

    As a former real estate appraiser, this jump in value is unheard of. The process of appraisal generally uses sales of comparable items how to draw a value conclusion. I would love to see what comparable items of clothing were used to draw a 6.5 million dollar conclusion of value.


  14. - Hat Trick - Friday, Sep 21, 18 @ 12:41 pm:

    =just don’t put that hat on bed.=

    Tip of the hat to TR.


  15. - ILPundit - Friday, Sep 21, 18 @ 12:44 pm:

    I also think its time to begin discussing this as broader scandal regarding the Foundation. The secrecy, the inside deals, the dishonesty…honestly, How have we not seen heads roll at the Foundation yet?


  16. - A Jack - Friday, Sep 21, 18 @ 12:57 pm:

    As far as what Taber paid for the hat, she should have paid a tax on the capital gain of the hat on her state and federal taxes.

    If she didn’t, that would be some leverage to getting her to refund the money. I would imagine the tax returns would be available if there is a question of fraud.


  17. - LakeCo - Friday, Sep 21, 18 @ 1:20 pm:

    @ILPundit - Tom Schwartz was the one who drove the whole purchase. That’s why it’s so shady.


  18. - DuPage Bard - Friday, Sep 21, 18 @ 2:59 pm:

    This is literally so Illinois it totally makes sense this happened.


  19. - Soccermom - Friday, Sep 21, 18 @ 3:03 pm:

    Redefining hat trick…


  20. - flea - Friday, Sep 21, 18 @ 3:35 pm:

    Jim Edgar and the foundation board ought to turn the hat over and take a collection to pay for it…and hand in their resignations, too.


  21. - Arthur Andersen - Friday, Sep 21, 18 @ 3:52 pm:

    The upcoming hearings should be well-attended. What a mess.


  22. - wordslinger - Friday, Sep 21, 18 @ 11:23 pm:

    –Something smells, not sure where exactly. ==

    I would direct your nose to the obvious maladorous concept of kickbacks.

    Dude, some people signed off on self-dealing loans for millions to buy a hunk of junk. Ain’t a heavy lift to see that the score got chopped up.

    Lincoln, in the constraints of a democratic republic,collected a bunch of Yankees and directed the greatest army ever, to date, to free slaves, and change the course of history.

    He is celebrated among the all the people on Planet Earth as one of the greatest figures in history.

    Here, in Illinois, he’s abused by every sort of half-a—– grifter — but these crooks, with the hat, are the tops,


  23. - Anon - Monday, Sep 24, 18 @ 1:35 pm:

    ===Dude, some people signed off on self-dealing loans for millions to buy a hunk of junk. Ain’t a heavy lift to see that the score got chopped up.===

    In other words, a bunch of old school Springfield political insiders did what a bunch of old school political insiders had been doing for their entire career?

    I hope this can be criminally prosecuted. Too many folks have gotten rich at the expense of the public’s finances and reputation.


TrackBack URI

Sorry, comments for this post are now closed.


* Question of the day
* Trump likely coming to Illinois to boost Bost
* Musical Interlude: Try (just a little bit harder)
* Tell me another fairytale, Grandpa
* Rauner again denies any delays at Quincy veterans' home
* "Speed dating" candidates
* Lawyer won't answer simple questions as some anonymous former Pritzker staffers speak out
* AFL-CIO launches "massive" digital ad buy
* SUBSCRIBERS ONLY - Today's edition of Capitol Fax (use all CAPS in password)
* *** LIVE COVERAGE ***
* Yesterday's stories

Support CapitolFax.com
Visit our advertisers...

...............

...............

...............

...............

...............
<


Loading


Main Menu
Home
Illinois
YouTube
Pundit rankings
Obama
Subscriber Content
Durbin
Burris
Blagojevich Trial
Advertising
Updated Posts
Polls

Archives
October 2018
September 2018
August 2018
July 2018
June 2018
May 2018
April 2018
March 2018
February 2018
January 2018
December 2017
November 2017
October 2017
September 2017
August 2017
July 2017
June 2017
May 2017
April 2017
March 2017
February 2017
January 2017
December 2016
November 2016
October 2016
September 2016
August 2016
July 2016
June 2016
May 2016
April 2016
March 2016
February 2016
January 2016
December 2015
November 2015
October 2015
September 2015
August 2015
July 2015
June 2015
May 2015
April 2015
March 2015
February 2015
January 2015
December 2014
November 2014
October 2014
September 2014
August 2014
July 2014
June 2014
May 2014
April 2014
March 2014
February 2014
January 2014
December 2013
November 2013
October 2013
September 2013
August 2013
July 2013
June 2013
May 2013
April 2013
March 2013
February 2013
January 2013
December 2012
November 2012
October 2012
September 2012
August 2012
July 2012
June 2012
May 2012
April 2012
March 2012
February 2012
January 2012
December 2011
November 2011
October 2011
September 2011
August 2011
July 2011
June 2011
May 2011
April 2011
March 2011
February 2011
January 2011
December 2010
November 2010
October 2010
September 2010
August 2010
July 2010
June 2010
May 2010
April 2010
March 2010
February 2010
January 2010
December 2009
November 2009
October 2009
September 2009
August 2009
July 2009
June 2009
May 2009
April 2009
March 2009
February 2009
January 2009
December 2008
November 2008
October 2008
September 2008
August 2008
July 2008
June 2008
May 2008
April 2008
March 2008
February 2008
January 2008
December 2007
November 2007
October 2007
September 2007
August 2007
July 2007
June 2007
May 2007
April 2007
March 2007
February 2007
January 2007
December 2006
November 2006
October 2006
September 2006
August 2006
July 2006
June 2006
May 2006
April 2006
March 2006
February 2006
January 2006
December 2005
April 2005
March 2005
February 2005
January 2005
December 2004
November 2004
October 2004

Blog*Spot Archives
November 2005
October 2005
September 2005
August 2005
July 2005
June 2005
May 2005

Syndication

RSS Feed 2.0
Comments RSS 2.0
WordPress




Hosted by MCS SUBSCRIBE to Capitol Fax Advertise Here Mobile Version Contact Rich Miller