He never got a high school diploma. He didn’t need one, with his dad taking him out on the side trawler to the rich Georges Bank fishing grounds off New England. Helping out on the boat earned Tony good money. Real good money. Cod money.

The nets would come up so full back then — in the 1970s — they’d tip the gunwales down almost to the water line. The fish would flop on the deck so deep they were up to his hips. He had to wade in them, wade in the money. Why go to school when two months of summer work could bring in as much as $100,000 for the 16-year-old son of an immigrant fisherman who would grow up and inherit his dad’s boat and all its earning potential.

An eight pence note in Massachusetts state currency, issued in 1778. These "codfish" bills, so-called because of the cod in the border design, were engraved and printed by Paul Revere. (Wikimedia commons)

The cod off Canada and New England are essentially gone now. Stocks have been so depleted that marine biologists doubt they can ever recover. Cod fishing in the Gulf of Maine has now been banned by federal fisheries managers in a desperate last minute attempt to save a species that was once so plentiful that, as far back as 1,000 years ago, it drew Vikings and Basques and thousands of Europeans across the Atlantic to make their living. Cape Cod was so named in 1602, 18 years before the pilgrims came ashore in Plymouth. (By the way, they chose that destination because of the plentiful cod.) The rich cod fish trade — “they’re so thick by the shore that we hardly have been able to row a boat through them,” reported one captain — helped give birth to Boston and to America. The first wealthy merchants in New England were called the “codfish aristocracy", and the Sacred Cod was first hung in the Massachusetts Legislature in the 1730s. The cod was the symbol on the state’s early money. Not God. Cod.

But the decimation of the cod fishery off North America goes way back too. As early as 1693, the Massachusetts legislature tried to minimize overfishing by ordering farmers to stop using cod as fertilizer. To little effect. For the next 300 years more and more boats with better and better technology vacuumed cod from Georges Bank and the broader Grand Banks that flank Canada up to Newfoundland. The Atlantic cod is an incredibly robust and fecund fish, but predictably, it couldn’t stand up to intense pressure from a fleet of factory fishing trawlers armed with GPS-directed fish finding sonar.

And just as predictably, fishermen and business interests fought conservation efforts, denying scientific evidence that they were harvesting away their own futures. The Newfoundland fishery collapsed and was closed by the Canadian government in the 1990s. The New England Fisheries Management Council has been the slowest of America’s eight councils to limit overfishing of a vital species. Finally, the federal government has stepped in, banning all cod fishing by net or trawling, including recreational, for at least the next six months.

The hope is that the population of the Gulf of Maine cod, reduced to as little as 1 percent of what it once was, can “recover.” The Newfoundland fishery has been closed for nearly 30 years, but there are only the faintest glimmers that the population is recovering. Other species appear to have taken over the marine ecosystem.

Tony’s father Francesco came from Sicily in the early 1900s when the cod were thick and the money poured in. He gave his family the Great American Life, and left his 90 foot stern trawler, “The Frankie C,” to his son. Tony started taking his son, Francesco Jr., out on fishing trips when the boy was 12 to teach him the family business on the boat that might one day be his. Frankie Jr. loved it; steering the boat, sorting and gutting the fish, learning to be a fisherman like his dad.