Captain Edward Baletti Sr., Hoboken, NJ – 1933 Captain Edward Baletti Sr. at the helm of the original "PALACE" circa 1933. Captain Edward Baletti Sr. was one of the pioneers of North Jersey deep sea fishing and he began operating party fishing boats during the early 1920s. The Baletti family would go on to own and operate numerous party fishing boats for the next 70 years. Photo courtesy of Phil Castellano.