九州紡績株式会社と三井財閥

-「大阪支店事件」を契機とする関係の変化-

抄録

The purpose of this paper is a examination of the correlation between a local spinning company and Zaibatsu (financial group) during the period of capitalism establishment by utilizing the data about Kyushu Spinning Company and Mitsui.
Kyushu Spinning Company was established by consolidation of three companies, or Miike, Kurume and Kumamoto spinning company, in 1899. This company had about 50, 000 spindles and was a big company at that time as a local one. But its business results was aggravated by an effect of the post Sino-Japanese war depression. Futhermore, the speculation that Matazo Moriyama, the manager of Osaka branch of Kyushu Spinning Company, put into operation to cover above aggravation resulted into failure. Then, managers of this company tried to reform the business by calling up un-paid capital, but this plan did not be realized because a capacity in raising capital of local stockholders was very limited.
Consequently, reformation of this company was left to Mitsui accompanied by stockholders' loss from capital reduction. Mitsui obtained the managerial rights of this company, on the other hand it improved a financial position of this company with its large ability in raising capital. And it made efforts to increase the profit through a reduction in interest payment and a utilization of sales ability that Mitsui-bussan (trading company) had.
Thus, supported by the recovery of business conditions, Mitsui accomplished managerial reformation of Kyushu Spinning Company with its synthetic ability as a Zaibatsu. And then, Kyushu Spinning Company was absorbed by Kanegafuchi Spinning Company, a company that was a member of the Mitsui Zaibatsu, in 1902.