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The 49th State
That was 2 cents an acre..On March 30, 1867, Secretary of State William H. Seward signed an agreement with Baron Edouard Stoeckl, the Russian Minister to the United States. The agreement, widely referred to as "Seward's Folly" (and "Seward's Icebox") ceded possession of the vast territory of Alaska to the United States for the sum of $7.2 million. Few citizens of the U. S. could fathom what possible use or interest the 586,000 square miles of land would have for their country. In a speech given at Sitka on August 12, 1868, however, Secretary Seward claimed he did not doubt "that the political society to be constituted here, first as a Territory, and ultimately as a state or many States, will prove a worthy constituency of the Republic."1 President Andrew Johnson sent General Jefferson C. Davis to command a military force of about 500 men to maintain peace and order, and expected that Congress would establish the civil organization of the territory
The 49th State