The Establishment of a Trading Post by Adolph Capelle in Ebon for Hoffschlaeger & Company

In 1859, Adolph Capelle, alongside another merchant, established a trading post at Ebon for the German company Hoffschlaeger & Stapenhorst. This venture marked a significant step in the commercial activities in the region, as it aimed to capitalize on the rich resources available in the Marshall Islands. However, the firm faced financial difficulties and ultimately went bankrupt in 1863. In response to this setback, Capelle formed a partnership with Anton Jose DeBrum, a Portuguese ex-whaler, to create a new enterprise focused on copra trading, known as Capelle & Co. This new venture not only allowed Capelle to continue his business pursuits but also contributed to the local economy by engaging in the lucrative copra trade, which was essential for producing coconut oil and other products. By 1873, Capelle & Co. relocated its headquarters to Jaluit, which was significant as it was the home of Kabua, a prominent iroij (chief) and a key figure in the political landscape of the southern Ralik Chain. The 1870s saw an influx of various other companies entering the region, further establishing Ebon and Jaluit as critical hubs for trade and commerce in the Pacific. #mooflife #mof #MomentOfLife #AdolphCapelle #Ebon #Hoffschlaeger&Stapenhorst #Capelle&Co. #CopraTrading