The company was sold in 1979 for $3 million to the Bristol Bay Native Corp.

In 2004, more than 27 million salmon were commercially harvested in Bristol Bay.

Also, the federal government is seeking to lift the moratorium on oil drilling leases in Bristol Bay.

Incorporated in 1962, Bristol Bay was the first of Alaska's boroughs to be created.

Right now it is not allowed to drill for oil in Bristol Bay either, but some people in the government want to change that.

Worst hit was Bristol Bay, up north, where the value of a permit went from $200,000 to $20,000.

Now 65, he lives with his wife on a remote homestead near Bristol Bay.

Bristol Bay is an area of immense storms with high winds and massive seas.

But hammered by bad real estate loans, the bank collapsed in 1986, leaving Bristol Bay with a $2 million loss.

Upper reaches of Bristol Bay experience some of the highest tides in the world.