JUNEAU, Alaska (AP) - It's not folly; some Juneau residents are proposing a bronze statue of William H. Seward. Seward was secretary of state under President Lincoln, who acquired Alaska for the United States from Russia. Critics characterized it as "Seward's folly," but the purchase became one of his legacies. KTOO reports a ceremonial groundbreaking was held Thursday at the Dimond Court Building, across from the Capitol. The hope is to raise $7.2 million for the statue and have it ready by 2017, the 150th anniversary of the purchase of Alaska, or as it was known then, Russian America. A life-size statue of Seward can be found at the Loussac Library in Anchorage. It portrays Seward with a cane and top hat in one hand and holding two books in his other hand.