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The fishing industry in the United States, and in particular the North Atlantic component of the industry, did not fully participate in the technological development of American industry of the post-Civil War era. The result is that when the domestic fishing fleet was challenged in the past two decades by the high technology vessels of foreign nations, it found it could not successfully compete in its own fishing grounds. However, the gargantuan catches of the foreign fleets indicate the potential in North Atlantic waters, a potential that was never realized by American_fishermen-because of the underdeveloped state of the American fishing fleet. With the passage of the Fishery Conservation and Management Act, the U.S. fishing industry has, in effect, been given a new lease on life. To take advantage of this second chance requires large scale capital investment in new plant and equipment, onshore facilities, including processing plants, is well as vessels, plus the development of trained personnel and managerial skills necessary for this new environment. It is the duty of the U.S. government to ensure that fishing grounds within the 200-mile limit are harvested by American fishermen and that we do not revert to a situation in which the bulk of fish in American waters is landed in foreign ports. The role of the State is likewise clear cut - to see that New Jersey fishermen have the financial ability and facilities complement to effectively compete in these fishing grounds against fishermen from other Atlantic coast states who will likewise be the beneficiaries of assistance from their respective states.

doi:10.7282/T33F4SW6

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