著者
米川 伸一
出版者
経営史学会
雑誌
経営史学 (ISSN:03869113)
巻号頁・発行日
vol.21, no.2, pp.1-31, 1986-07-30 (Released:2009-11-06)

The Royton group was widely known as one of the best-performing company groups among the Oldham limiteds in the interwar period. The purpose of this article is to clarify the origin and process of the group from its formative years, and to analyze its major strategies. Analysis is based on the company records stocked at Shiloh Spinners Ltd., company files in the Public Record Office and Company Registration Office of London, and the Oldham local newspapers. The major conclusions are the following.(1) The group originated in the Royton and Star Spinning Company which was founded in the midst of the phenomenal 1873-75 boom in the flotation of cotton spinning companies. M.B. Tattersall was a principal entrepreneur in forming the group.(2) G.E. Gartside, a “student” of the M.B. Tattersall school, spun off from the Tattersall group by establishing the Holly Mills in 1890. He was, however, closely aligned with Tattersall's group, so that it is reasonable to regard the companies as part of a single group.(3) The group's strategies were not notably different from those of most well-performing cotton spinning companies, but among the Oldham limiteds they were not common, and therefore worthy of appreciation.(4) How was it possible to keep up the good performance among the group?, One of the answers is found in the internal labour market of the group. Mill officials were usually recruited and moved within the group, so management strategies could be settled in each company.
著者
米川 伸一
出版者
経営史学会
雑誌
経営史学 (ISSN:03869113)
巻号頁・発行日
vol.12, no.2, pp.1-27,i, 1978-03-15 (Released:2010-11-18)

In the boom years of 1873-75 the Oldham people registered 76 cotton spinning companies, many of whose initiators were co-operaters in the local district. In this paper the author finds the basic facts of the companies in the formative period with special reference to their managerial aspects. Main sources are the documents preserved in the Public Record Office and Company Registration Office as well as the local newspapers published in the district.It seems significant that these so-called 'co-operative' companies had a distinct management ideology different from that of private companies. It was democracy. Stockholders of the companies were mostly the people associated with the cotton industry, especially the cotton spinners according to their occupation in the stockholders' list, many of whom were operative cotton spinners. Even the largest stockholders had two to three hundred stocks at most. Almost of all directors with twenty to fifty stocks had other jobs connected with cotton industry and in those days the articles of association strictly prohibited a company officer from taking a seat in the board. Strategic dicisions were usually made at the general meeting of stockholders after heated debates. In consequence, the meetings of the board tended to turn into a mere formality.Many of the managerial features of the companies seem to have stemmed from the experiences of the management of co-operative societies. One of the best examples is 'loans' in cotton spinning companies. An Act for Industrial and Provident Societies (1852) allowed the societies to have loan account with the interest rate less than six percent. The Sun Mill modelled upon the Rochdale Co-operative Cotton Manufacturing Society decided to have such loan accounts through the debates of the general meeting in the year of its foundation. The companies born in the following boom period followed the Sun Mill.

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著者
米川 伸一
出版者
経営史学会
雑誌
経営史学 (ISSN:03869113)
巻号頁・発行日
vol.12, no.1, pp.60-65, 1977-10-15 (Released:2009-11-06)
著者
米川 伸一
出版者
日本評論社
雑誌
一橋論叢 (ISSN:00182818)
巻号頁・発行日
vol.67, no.4, pp.542-562, 1972-04-01

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