At last, the remaining gold seekers reached the city of Dawson. Dawson had been a small village before the discovery of gold. It became a big city within a short time. Stores and hotels were quickly built. The price of everything increased.
One man named Miller brought a cow to Dawson. He sold the milk for thirty dollars for a little less than four liters.
For the rest of his life he was known as “Cow Miller.” He did not get rich seeking gold. But he made a great deal of money selling milk.
Many people did the same thing. They bought supplies in the United States and moved them to Dawson. Then they sold everything at extremely high prices.
The gold seekers quickly learned that most of the valuable areas of land had already been claimed by others. Many gave up and went home. Some gold seekers searched in other areas. Others went to work for people who had found gold.
Experts say about four thousand people became rich during the great Klondike gold rush. Groups of men formed large companies and began buying land in the area. The large companies used huge machines to dig for gold. One of these companies continued to make a profit digging gold until nineteen sixty-six. History records say that in only four years the area around Dawson produced more than fifty-one million dollars in gold. This would be worth more than one thousand million dollars today.
The great Yukon gold rush was over by the end of eighteen ninety-nine. As many of the gold seekers began to leave, news spread of another huge discovery of gold. Gold had been found in Nome, Alaska. Thousands of people rushed to Nome. Gold was later discovered in another part of Alaska in nineteen-oh-two.
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2013-11-25
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