above part of an 8 foot tall bronze statue of a fisherman that looks out over the gloucester harbor. its known as the fishermans memorial, but also named "man at the wheel". here you can see it in its entirety. apparently, its often confused with another iconic image; that of the gorton's fisherman, the logo of the company that sells fish sticks (also from gloucester), present on its packages since 1964... haha.
but no, this monument was placed in 1925, to commemorate "they that go down to the sea in ships" (taken from the bible), honoring 300 years of gloucester losing fishermen (thats quite a sad way to say it...). for example, in 1879, 249 fishermen and 29 vessels were lost during a terrible storm. and in 1991 6 fishermen died in a storm that formed the basis for the book, and later movie, "the perfect storm".