1822Gloucester Canal Corporation was formed.Economy and Industry, Infrastructure, Maritime & Fishing Industry

The Cut had been in disrepair for almost a century when the rise of coastal commerce made its reopening a priority. With the increasing use of commercial small craft and the advent of steam in navigation, interest in using the channel was revived. Local landowners and merchants organized a consortium to raise the $13,500 needed to re-dig the canal and install a bridge. They invested $600 each, which was matched by the U.S. government and $1,500 from the Commonwealth of Massachusetts. By 1843, however, this enterprise had failed because the canal was too narrow for the Gloucester fleet’s increasingly larger boats and the bridge was deemed unsafe. The town filled it in again for use as a roadway. It would not reopen until 1867 to meet the shipping needs of the granite industry.

Babson, John James, and Samuel Chandler. History of the Town of Gloucester, Cape Anne, Including the Town of Rockport. Gloucester [Mass.] Procter brothers, 1860, http://archive.org/details/historytownglou00changoog
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