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Gold was off by 60%. The great Alaska Juneau lode mine was closed. But other forms of gold digging throve. Gold dredges nosed along the pay streak in valleys near Fairbanks. And many an Arctic placer miner would go it with bulldozer and sluice box, gambling for a stake through...

Author: /time Magazine | Title: TERRITORIES: Promised Land | 6/16/1947 | See Source »

The old gold camp of Fairbanks in the interior also enjoys a boomlet. Most of its streets are lanes of thick dust; a third of its homes are sagging log cabins; caribou wander disconsolately in its outskirts. But 7,500 people have jammed in where 3,500 lived before, and...

Author: /time Magazine | Title: TERRITORIES: Promised Land | 6/16/1947 | See Source »

But the biggest boom is in military construction. Across Bering Strait, Russia, from which the U.S. bought Alaska for $7,200,000 in 1867, is only 52 miles away. Arctic and Pacific defense looms large in U.S. military thinking, and Alaska looms large in both. As Alaska-based B-29s...

Author: /time Magazine | Title: TERRITORIES: Promised Land | 6/16/1947 | See Source »

The Government's rickety but strategically important Alaska Railroad, the one all-weather link (470 miles) between Seward on the coast and Fairbanks in the interior, is being completely reconstructed. By 1952 its roadbed will be rebuilt, its rails and ancient rolling stock will be replaced, its narrow cuts...

Author: /time Magazine | Title: TERRITORIES: Promised Land | 6/16/1947 | See Source »

Alaska's Best Friend. These huge construction jobs mean huge payrolls; into Fairbanks alone last week Pan American was flying 2,500 laborers, cat skinners, carpenters. Alaskans drink an ironic toast: "Here's to Joe Stalin-Alaska's best friend," and speculate endlessly on rumors of similar...

Author: /time Magazine | Title: TERRITORIES: Promised Land | 6/16/1947 | See Source »

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