The False Gold of the Klondike
A local editor warns against the 'senseless rush' to Alaska, predicting disaster for the fortune-seekers and economic ruin for the state.
The story, cleaned up
A cleaned-up reading of the newspaper page: spelling and layout repaired, one story lifted off a crowded page. It follows the original closely but it is not a transcription. The original page is below; read it if a detail matters.
Every train to the west lately has been loaded with people bound for the Alaskan gold fields. The great majority of them are young men from the far east. They are in general very enthusiastic and seem to have no doubt whatever about their ability to shovel up plenty of the yellow metal. It is our firm conviction that at least nine out of ten of these people will utterly fail. They will spend more money than they will find. They will suffer hardships which they have no conception of, and many will not survive but will fill unknown and unmarked graves in the frozen north. A large majority of those who survive will finally, after many months of suffering and privation, drag their emaciated, frostbitten, and diseased bodies back into the land of the white man. The News would not only discourage the senseless rush on the ground of humanity to those deluded easterners, but we have a more selfish motive. It can only result disadvantageously to this state, as the many who do not strike it will be dumped into this country next fall by the thousands, the most destitute class of beings this country has ever seen.
“They will suffer hardships which they have no conception of until they leave Seattle and many will not survive those hardships but will fill unknown and unmarked graves in the frozen north.”
The 1898 gold rush echoes modern-day economic manias, where vulnerable populations are often lured by the promise of quick wealth. Just as the editor feared the influx of destitute laborers, today's communities continue to grapple with the instability caused by volatile market cycles and transient labor forces.
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