Published: March 15, 1995Received: -Available on J-STAGE: June 28, 2010Accepted: -
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Date of correction: June 28, 2010Reason for correction: -Correction: CITATIONDetails: Right : 1Since the aim of this essay is to give only an outline of the topic,and this has to be done within a certain number of pages,I am omitting all references to sources.Instead,for details I refer the reader to the following of my works:“The Strategy and Structure of the Cotton and Steel Enterprises in Britain,1900-1939,”in The Strategy and Structure of Big Business,ed.by Keiichira Nakagawa(Tokyo,1976);“The Growth of Cotton Spinning Firms and Vertical Integration,”Hitotsuhashi Journal of Commerce and Management,14(1979),pp.1-14;“University Graduates in Japanese Enterprises before the Second World War,”Business History,26(July1984),pp.193-218;“The Growth of Cotton Spinning Firms:A Comparative Study,”in The Textile Industry and Its Business Climate,ed.by Akio Okochi and Shin'ichi Yonekawa(Tokyo,1982);“Flotation Booms in the Cotton Spinning Industry,1870-1890:A Comparative Study,”Business History Review,61(Winter,1987),pp.551-81;and“The Emergence of the Large Firm in the Cotton Spinning Industries of the World,1883-1938,”Textile History,19/2(1988)(with Douglas A.Farnie). 2In this study I am taking the Oldham Limiteds to mean the public companies set up in the Oldham District between1873and the recession following World War I,for the purpose of involvement in the cotton spinning industry. 3The appearance in England of the cooperative philosophy and cooperative movement in the form of a cooperative consumers'society or cooperative distributive society goes back to Rochdale Equitable Pioneers'Society,formed in1844in Rochdale,which is only a few miles from Oldham. 4More will be said about loans and the one-share,one-vote system in section3. 5Tattersall was born in1845;he rose from piecer to minder,then at the time of the establishment of the Royton firm he became secretary,going on to become a salesman,and in1903a director.The Tattersall experience was a classic example of an Oldham mill hand rising to the position of manager,and Gartside's case was similar,for he had started out as a warehouse boy. 6These figures are not very different from those for the number of spindles operating in Japan at the time of the start of World War I. 7Thus,for example,the amount of money awarded to a retiring worker at Amagasaki Cotton Spinning was roughly calculated by multiplying the monthly salary by the number of years with the company.Temporary employees and the like were not given any retirement money,but as a rule a retirement award was given to any whitecollar worker who had been with the company at least a year. 8When one is ranking enterprise scale,in the spinning industry at least,it is usual to take as the criterion for comparison the number of spindles.Since,however,between1880and1910the world's cotton spinning companies were switching over from mule spinning machines to ring spinning machines,in considering the production capacity 9The average scale of cotton industry enterprises in the world,on the basis of cotton spindle numbers,was15,500spindles in1885and20,187spindles in1938.