. A history of the United States . ^ competition thatit is within the means of almost every one to send messages,while the newspaper press has whole columns of news cabledevery day. Trade has been revolutionized by the cable noless than by steam, as through it the market prices of theworld are daily reported in the newspaper press. In 1867 the possessions of Russia in America were boughtby the United States for 17,200,000. The territory amountedto about 577,390 square miles.^ It was thought by many atthe time a very foolish enterprise, and Secretary Seward, towhom the purchase was largely due,
. A history of the United States . ^ competition thatit is within the means of almost every one to send messages,while the newspaper press has whole columns of news cabledevery day. Trade has been revolutionized by the cable noless than by steam, as through it the market prices of theworld are daily reported in the newspaper press. In 1867 the possessions of Russia in America were boughtby the United States for 17,200,000. The territory amountedto about 577,390 square miles.^ It was thought by many atthe time a very foolish enterprise, and Secretary Seward, towhom the purchase was largely due, was made the object ofmuch ridicule and chaffing. Time has, however, abundantlyjustified his action, the rent of the seal fisheries alone being 1 This territory differs from previous annexations in that no part of ittouched the boundaries of the United
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