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Many Republicans scoffed at "Seward's folly," although their criticism appears to have been based less on the merits of the purchase than on their hostility to President Johnson and to Seward as Johnson's political ally. Seward mounted a vigorous campaign, however, and with support from Charles Sumner, chairman of the Senate Foreign Relations Committee, won approval of the treaty on April 9 by a vote of 37-2.

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There were also substantive criticisms. The purchase was done before the full extent of mineral and other resources of Alaska were realized. It was believed that it was barren land with an inhospitable climate.

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Right about one of them, inhospitable climate! But the main reason, in keeping with the question, it was simply thought of as a waste of money, and more "people" didn't like the president, Andrew Johnson so that had MORE impact than any land conditions or climate. You're looking at it historically, with hindsight. At the time, based on Seward's writing and bio's on him, it was simply a political issue not environmental or mineral...

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