STRATEGY: Fortifying Alaska

When harried President Andrew Johnson and his Secretary of State William H. Seward laid out $7,200,000 to buy Alaska from Russia in 1867, the only question seriously raised was whether the U. S. got its money's worth. Apparently it did because since then Alaska has ex ported more than $1,250,000,000 in fish, furs, gold and other metals. And Alaska's 70,000 inhabitants (half of them Indians) have not yet scratched its natural resources, which include water power, lumber, oil, iron, zinc, copper, chromite, antimony, nickel, platinum, tungsten. But Johnson also got his money's...

Want the full story?

Subscribe Now

Subscribe
Subscribe

Get TIME the way you want it

  • One Week Digital Pass — $4.99
  • Monthly Pay-As-You-Go DIGITAL ACCESS$2.99
  • One Year ALL ACCESSJust $30!   Best Deal!
    Print Magazine + Digital Edition + Subscriber-only Content on TIME.com

Learn more about the benefits of being a TIME subscriber

If you are already a subscriber sign up — registration is free!