An Aleut name, "Alaska" was chosen by the Americans. The transfer ceremony took place in Sitka on October 18, 1867. Russian and American soldiers paraded in front of the governor's house; the Russian flag was lowered and the American flag raised amid peals of artillery. Captain Alexis Pestchouroff said, "General Rousseau, by authority from His Majesty, the Emperor of Russia, I transfer to the United States the territory of Alaska." General Lovell Rousseau accepted the territory. A number of forts, blockhouses and timber buildings were made over to the Americans. The troops occupied the barracks; General Jefferson C. Davis established his residence in the governor's house, and most of the Russian citizens went home, leaving a few traders and priests who chose to remain.
Alaska Purchase from the Russian Empire for $7,200,000 in 1867.