PACIFIC SALMON FISHEKIES 425 



of the State of New Jersey for the purpose of acqnirinp; a number of 

 sahnon canneries on the coast. It was supposed to be backed by 

 unhmited eastern capital, and its authorized capitahzation was as 

 follows: Common stock, $12,500,000; 7 per cent accumulative pre- 

 ferred stock, $12,500,000; and 6 per cent debentures, $7,000,000. It 

 actually issued $6,037,000 common stock, $0,963,000 preferred stock, 

 and $3,000,000 debentures. Subsequently the management effected 

 an exchange of preferred stock for debentures, increasing the for- 

 mer to about $7,500,000 and decreasing the debentures to about 

 $1,650,000. 



The new company purchased a number of canneries in Alaska, also 

 the following Puget Soimd plants: Pacific American Fisheries Co.'s 

 canneries at Fairhaven (now Bellingham) and Friday Harbor, the 

 Ainsworth & Dunn canneries at Blaine and Seattle, and the Fair- 

 haven Packing Co. cannery at Fairhaven. 



The company had a very short career, ending up in the bank- 

 ruptcy courts in 1903, and when all its affairs were woimd up the 

 stockholders received nothing, while the bondholders got but an 

 exceedingly paltry sum out of all the money put into it. 



Most of the canneries secured on Puget Sound were repurchased by 

 their former owners or by new people. 



In 1915 there were 41 canneries in operation. From this time on 

 the industry fluctuated considerably. The blockade in the Fraser 

 River in the big sockeye year of 1913, as noted elsewhere, caused a 

 great falhng off in the sockeye pack in subsequent "big years," with 

 the result that there were 45 canneries in operation in 1917, 23 in 

 1921, 23 in 1925, and 14 in 1928. 



Soleduck River. — This is a small stream, about 30 mi'es in length, 

 which flows through the southwestern part of Clallam County and 

 empties directly into the ocean. The Quillayute Indian Reservation 

 is located here and the natives formerly caught salmon and marketed 

 them on Puget Sound, but a small cannery, started at Mora, on this 

 river, in 1912, furnished a market for the catch up to the end of 1915, 

 when it was abandoned. 



Hoh River. — This is a comparatively small river, w^hich is wholly 

 within Jefferson County, and debouches into the ocean in the north- 

 western part of the county. It passes through the Hoh Indian 

 Reservation in its lower reaches. A cannery was built here in 1917 

 by Fletcher Bros, and has been operated most seasons since. In 

 the spring of 1919 it was moved to a more convenient location about 

 a mile from the original site. 



Queets River. — This river, which is about 35 miles long, rises in the 

 northern part of Jefferson County and empties directly into the ocean 

 in the northw^estern part of Grays Harbor County, within the bounds 

 of the Quinault Indian Reservation. A small salmon cannery w^as 

 built at Queets, in Jefferson County, in 1905, and has been operated 

 nearly every season since. 



Quinault River. — This river, which enters the ocean in the north- 

 western part of Grays Harbor County, has a length from the ocean 

 to Quinault Lake of about 40 miles, wholly within the boundaries 

 of the Quinault Indian Reservation. 



This stream is especially noted for its long-continued annual run 

 of (Quinault salmon (0. nerka). These fish, which are noted for 

 their especially red-colored flesh, make their appearance early in 



