When nearby Rockport's chief industry, the Annisquam Cotton Mill, burned down, Slade Gorton, the mill's superintendent, was out of a job. At his wife's urging, he began a fishing business in 1874 known as Slade Gorton & Company, and began to pack and sell salt codfish and mackerel in small kegs. This company was the first to package salt-dried fish in barrels. In 1899, the company patented the "Original Gorton Fish Cake". In 1905, the Slade Gorton Company adopted the fisherman at the helm of a schooner (the "Man at the Wheel") as the company trademark. Today, he is known as the Gorton's Fisherman.