The First Thanksgiving at Plymouth
(Painted by Jennie Augusta Brownscombe) (1914) {{PD-1923}}

Amid the tremendous challenges facing the United States at the moment, it’s useful to recall the origination of the now-familiar holiday. Abraham Lincoln established it in the dark hours of the Civil War.

This is the proclamation which set the precedent for America’s National Day of Thanksgiving. During his administration, President Lincoln issued many orders similar to this. For example, on November 28, 1861, he ordered government departments closed for a local day of thanksgiving.

Sarah Josepha Hale, a 74-year-old magazine editor, wrote a letter to Lincoln on September 28, 1863, urging him to have the “day of our annual Thanksgiving made a National and fixed Union Festival.” She explained, “You may have observed that, for some years past, there has been an increasing interest felt in our land to have the Thanksgiving held on the same day, in all the States; it now needs National recognition and authoritative fixation, only, to become permanently, an American custom and institution.”

George Washington had declared a day of Thanksgiving in his first year as president, in 1789, but it was not an established national holiday. At the time of Mrs. Hale’s letter, each state scheduled its own Thanksgiving holiday at different times, mainly in New England and other Northern states.

Unlike several of his predecessors, who ignored her petitions altogether, Lincoln responded to Mrs. Hale’s request immediately. In her letter to Lincoln she mentioned that she had been advocating a national Thanksgiving date for 15 years as the editor of the immensely influential and popular periodical Godey’s Lady’s Book.

The document below sets apart the last Thursday of November “as a day of Thanksgiving and Praise.” According to an April 1, 1864, letter from John Nicolay, one of President Lincoln’s secretaries, the text was drafted by Secretary of State William Seward, and the original was in his handwriting. On October 3, 1863, fellow Cabinet member Gideon Welles recorded in his diary how he complimented Seward on his work. A year later the manuscript was sold to benefit Union troopsThe embossed document, signed by President Lincoln, is now held in National Archives.

Washington, D.C.
October 3, 1863
By the President of the United States of America.

A Proclamation.

The year that is drawing towards its close, has been filled with the blessings of fruitful fields and healthful skies.

To these bounties, which are so constantly enjoyed that we are prone to forget the source from which they come, others have been added, which are of so extraordinary a nature, that they cannot fail to penetrate and soften even the heart which is habitually insensible to the ever watchful providence of Almighty God.

In the midst of a civil war of unequaled magnitude and severity, which has sometimes seemed to foreign States to invite and to provoke their aggression, peace has been preserved with all nations, order has been maintained, the laws have been respected and obeyed, and harmony has prevailed everywhere except in the theatre of military conflict; while that theatre has been greatly contracted by the advancing armies and navies of the Union.

Needful diversions of wealth and of strength from the fields of peaceful industry to the national defense, have not arrested the plough, the shuttle or the ship; the axe has enlarged the borders of our settlements, and the mines, as well of iron and coal as of the precious metals, have yielded even more abundantly than heretofore. Population has steadily increased, notwithstanding the waste that has been made in the camp, the siege and the battle-field; and the country, rejoicing in the consciousness of augmented strength and vigor, is permitted to expect continuance of years with large increase of freedom.

No human counsel hath devised nor hath any mortal hand worked out these great things. They are the gracious gifts of the Most High God, who, while dealing with us in anger for our sins, hath nevertheless remembered mercy. It has seemed to me fit and proper that they should be solemnly, reverently and gratefully acknowledged as with one heart and one voice by the whole American People.

I do therefore invite my fellow citizens in every part of the United States, and also those who are at sea and those who are sojourning in foreign lands, to set apart and observe the last Thursday of November next, as a day of Thanksgiving and Praise to our beneficent Father who dwelleth in the Heavens. And I recommend to them that while offering up the ascriptions justly due to Him for such singular deliverances and blessings, they do also, with humble penitence for our national perverseness and disobedience, commend to His tender care all those who have become widows, orphans, mourners or sufferers in the lamentable civil strife in which we are unavoidably engaged, and fervently implore the interposition of the Almighty Hand to heal the wounds of the nation and to restore it as soon as may be consistent with the Divine purposes to the full enjoyment of peace, harmony, tranquility and Union.

In testimony whereof, I have hereunto set my hand and caused the Seal of the United States to be affixed.

Done at the City of Washington, this Third day of October, in the year of our Lord one thousand eight hundred and sixty-three, and of the Independence of the Unites States the Eighty-eighth.

By the President: Abraham Lincoln

William H. Seward,
Secretary of State

Ron’s Market Minute – And one More Thing: Because This Year Has Been a Real Turkey

So, depending on which markets you follow, stocks are down between 15 and 35% this year, and bonds are down about 15%. Crypto has been especially ugly of late, in most cases down by about 65%. And real estate- well let’s just say it’s weak. If you’ve been well diversified, your portfolio looks about the same. Let’s be thankful.

In the good times when everything goes up, and we’re all brilliant, taking aggressive dumb risks doesn’t hurt you. (The magic then is that the brilliant obscures the less brilliant.) If anything, it may perhaps be helpful. But for those who wish to accumulate wealth slowly and keep it, one must avoid the dumb risks.

Lessons: That’s what markets give us. Bear markets don’t just separate people from their money. They also separate people into groups who learn from their mistakes and the rest.

There’s a whole new generation of investors who used to be speculators.

This new set of players won’t just accept any great story, they won’t accept a great story with no data to back it. They know fables and stories may very well be different things. And stories of the next John Templeton will make them grit their teeth and laugh, looking at the world more wisely now.

With a pause to give thanks we can force ourselves to question: Have we learned anything useful?

As painful as this year has been, it’s time to give thanks.

Give thanks for the lessons.

Give thanks that we’re still here.

Give thanks that with faith and a method, most clients will again see new highs- (not a promise, but a historical probability.)

And give thanks that the year is almost behind us.

So please DO have a Happy Thanksgiving. Enjoy your family, friends, and the break from the daily wear.

Ronald P. Denk, CFP®
Investment Advisor
Denk Strategic Wealth Partners
10000 N. 31st Avenue, Suite D406A
Phoenix, AZ 85051
Phone (602) 252-8700
Fax (602) 252-8701
Toll-Free (877) The-Denk
www.denkinvest.com

LFS-5243640-112222

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