<\/a>The Alaska State Library features historic salmon canneries with a collection from the Karen Hofstad at the Research Center for First Friday on Friday, June 7, 2019. (Michael Penn | Juneau Empire)<\/p><\/div>\t\t\t\t
Still hellbent on making money in canneries, Onffroy went to New York to raise more money, King said. Onffroy ultimately raised $13 million and began buying up fish trapping sites and canneries in Southeast and Southcentral Alaska.<\/p>\n\t\t\t\t
The Frenchman’s goal was to start a consortium of all canneries, and King said at one point he owned one-third of Alaska’s canneries.<\/p>\n\t\t\t\t
However, Onffroy overpaid for the sites and canneries he acquired, King said, so he did not have the funds necessary to buy Alaska Packers Association. That would ultimately be Onffroy’s undoing in the canned salmon business.<\/p>\n\t\t\t\t
In 1903, the “Canned Salmon Wars” — a price-slashing competition between Alaska Packers Association and Onffroy’s outfit — began They didn’t last long, King said. Alaska Packers Association made a lot of money off selling canned sockeye, while Onffroy’s outfit relied on chum and pink salmon.<\/p>\n\t\t\t\t
Alaska Packers Association undercut their competitors, and Onffroy soon had another bankrupt business on his hands.<\/p>\n\t\t\t\t
King said at that point Onffroy was unable to attract new investors to a cannery, so he went back to New York, where he pitched the concept of a grocery and retail cooperative that would be so affordable and expansive that customers would pay to shop there.<\/p>\n\t\t\t\t
More than 500 stores joined the cooperative, King said, but it went bankrupt anyway.<\/p>\n\t\t\t\t
“To give him credit, while his company collapsed, his business model was pretty much the same used by Costco today,” King said.<\/p>\n\t\t\t\t
<\/p>\n\t\t\t\t\u2022 Contact reporter Ben Hohenstatt at (907)523-2243 or bhohenstatt@juneauempire.com. Follow him on Twitter at @BenHohenstatt.<\/b><\/p>\n\t\t\t\t
<\/p>\n\t\t\t","protected":false},"excerpt":{"rendered":"Colorful labels and characters from bygone era. <\/p>\n","protected":false},"author":474,"featured_media":49206,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_stopmodifiedupdate":false,"_modified_date":"","wds_primary_category":9,"footnotes":""},"categories":[9,4],"tags":[174,74,183,73,40],"yst_prominent_words":[],"class_list":["post-49205","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-home","category-news","tag-alaska","tag-arts-and-culture","tag-books","tag-ccw","tag-salmon"],"_links":{"self":[{"href":"https:\/\/www.juneauempire.com\/wp-json\/wp\/v2\/posts\/49205","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.juneauempire.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.juneauempire.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.juneauempire.com\/wp-json\/wp\/v2\/users\/474"}],"replies":[{"embeddable":true,"href":"https:\/\/www.juneauempire.com\/wp-json\/wp\/v2\/comments?post=49205"}],"version-history":[{"count":0,"href":"https:\/\/www.juneauempire.com\/wp-json\/wp\/v2\/posts\/49205\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.juneauempire.com\/wp-json\/wp\/v2\/media\/49206"}],"wp:attachment":[{"href":"https:\/\/www.juneauempire.com\/wp-json\/wp\/v2\/media?parent=49205"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.juneauempire.com\/wp-json\/wp\/v2\/categories?post=49205"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.juneauempire.com\/wp-json\/wp\/v2\/tags?post=49205"},{"taxonomy":"yst_prominent_words","embeddable":true,"href":"https:\/\/www.juneauempire.com\/wp-json\/wp\/v2\/yst_prominent_words?post=49205"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}