1997 年 39 巻 2 号 p. 1-16
Landowners in both a silk growing region and Kinki districts have invested the rent in stocks and the like since the beginning of the l900's, and especially done remarkably in the I920's when tenancy disputes became violent. Up to now such studies on even some banks established by landowners have been dealt only as facilities for their own loan.
The landowner Kobayasi in this study was a president of the small bank which ought to have opposed the small growing industrial associations in a village. This paper explains what effect his management of the bank as a president had on his own as a landowner.
His income has been composed of rent, agricultural proceeds and interest from both bank deposits and stocks after the establishment of the bank. As a manager he has devoted himself to the accumulation of securities and fixed deposits since l910's, and so stored much securities since l920's, as a result it appeared to be the management of the Kinki-type on the system of the landowner.
By the way we have proved once that the operation of the big landowner who was in the underdeveloped area had a tendency toward the positive investment of securities and the negative accumulation of the field in the period of Matukata deflation policy. After all, he invested more accumulated funds in the securities than the land in the time when the silk-reeling industry and the bank made extremely rapid progress compared with the agricultural slow development. The investment in stocks was attractive to the Kobayasi while he could not collect the rent at will in the complete garden-area without the rice growing.