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Eels are very effective, but they cast like crap and they cost money and they need to be tended to. Every three bass, or one bluefish, you catch on lure, the realized cost of the lure depreciates by the price of one eel. If you are selling fish, dealing with eels and deep hooked fish slows you down more than popping them off a plug.
I've read many times where people started experimenting building plugs and then it grew into a commercial venture. Also, the reasons people do things originally, and keep doing them later on, is not fixed. You might start a venture for one reason, and find yourself doing it five years later for different reasons. Motivations are personal and transitory; they expire with the passing of the people who held them, what is left is legacy. The legacy of the original plug builders is greater and more secure now, than ever.
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