Not everyone who rushed to the Copper River Area planned to just pick up their gold and return home again, a wealthy man or woman. Many formed companies for the purposes of transportation, exploration and development.
The corporation issued a prospectus and sold stocks and shares. Companies like the Connecticut Alaska Mining and Trading Co. purchased their own sailing vessel for transportation, planned to find gold then claim a townsite and sell lots to late arrivals, to open a store, and generally make money in the acclaimed Yankee way.
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Some minority groups saw the gold rush as an opportunity to acquire land and build their own communities. Andrew Holman, who had lived in Alaska for 12 years, headed a group of Norwegians from Madison, Wisconsin who planned to establish a community, build a lumbering industry, and start farms.
The people who formed corporations generally saw beyond the gold rush to the northward expansion of European Americans into Alaska and the long-term settlement and development of Alaska.
(Jim and Nancy Lethcoe are the authors of Valdez Gold Rush Trails 1898-99 ).