三重紡績会社の資金調達 : 明治二、三十年代を中心として

抄録

This article treats of the money raising aspects of the Mie Cotton-Spinning Company which was one of the typical manufactuerers of the cotton industry in 1890's and 1900's. 1) Money raising for factory equipment and facilities. Money necessary for equipment and facilities was, as a rule, raised by the issue of shares. In the 1890's, money was borrowed form the Daiichi Bank in securities owned by company officials to make possible continuous increase of capital. However, in the 1990's, factory facilities took the place of shares as a form of security for money borrowing. 2) Money raising for operation cost. a) Purchase of raw cotton……monagement of the money for purchasing raw cotton, which amounted to eighty percent of the operation cost, was an important problem. Although money borrowing from the bank at low interest was the customary way in the 1890's, it was replaced by the issue of promissory notes in the 1900's and this enabled the cotton maufacturers to be free from bank interference. b) Marketing of the products……Long-term credit transactions which were the custom in the 1890's gradually changed to short-term transactions and then to cash transactions in the 1900's.