On Aug. 10, 1497, King Henry VII of England awarded explorer John Cabot (pounds)10 for finding "the new isle," and Newfoundland it has been ever since. Legend has Cabot's men lowering wicker baskets into the teeming Atlantic and bringing them up laden with cod. For more than 400 years the hardy Newfoundlanders who settled "the Rock" competed vigorously with Europeans in the rich fishery that developed. Too vigorously: the cod supply has been so depleted that Canadian fishermen were forced last week to haul in their nets, traps and boats along the entire northeastern coast of Newfoundland and Labrador to begin...
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