Unalaska is one of the great harbors of the world. and there is likely to be the actual location of the "sea power" of the Pacific Ocean hereafter. Coal is found in various parts of Alaska. and it is most likely not only that she will supply her own coaling stations. but also those of the Pacific Ocean generally. Again. despite the fact that in Alaska land can neither be bought nor preempted (thus virtually prohibiting immigration). that its lumber can not be exported. and that mining and fishing are the only industries permitted. yet Alaska stands alone among our "bloodless acquisitions" in having yielded a revenue from the beginning. The lease of the tiny seal islands has yielded 4 per cent interest on the sum originally paid for the whole Territory. which. in the end. has returned an equal amountseven millionsto the Treasury. For more than ten years the gold mines have been producing an average of $1.000.000 a year. and for the past ten years the salmon and other fisheries have yielded an annual product valued at $2.000.000.
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