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Updated: May 2, 2025
The traffic manager of the railway is an ex-employee of Mitsui. The customs force at Dalny is not only entirely Japanese no other foreigner in charge of a Chinese customs office employs exclusively assistants of his own nationality but a number of the customs inspectors are ex-employees of Mitsui. The Mitsui company also maintains branches all through Manchuria in and out of treaty ports.
In 1876 their money exchange business was converted into a Bank on the joint stock system, but with unlimited liability as far as the Mitsui family was concerned. In the same year, for the purpose of engaging in general foreign trade, the Mitsui Bussan Kwiasha was formed, better known in Europe and America as Mitsui & Co.
There was to be unlimited liability as far as the property of each one was concerned, and the profits of all were to be divided. This agreement is the identical one under which the great house of Mitsui is run to-day.
Meanwhile, too, the relations between the Japanese Government and the Mitsui Bussan Kaisha are so close that competitors are virtually in the plight of having to ship goods over a line owned by a rival without any higher tribunal to guarantee equality of treatment. As was recently declared: "Two directors of the South Manchurian Railway are also directors of Mitsui Bussan Kaisha.
At the time of the fall of the Ashikaja Shogun he lived in a state of perpetual war, and the god of war was not propitious to him. He retired to a neighbouring village and became the overlord of the district. He was succeeded by his son, who removed to Matsusuzaka, where he settled down as a private citizen and man of business, and laid the foundations of the present Mitsui house.
The history of this ancient house has much that is picturesque about it, reminding one of the old merchant princes of Venice. The family originally belonged to the Jujiwara clan, and its origin is traced back to a certain Mitsui who lived as a feudal lord in the fifteenth century.
In the middle of the sixteenth century his descendant became a merchant. His son moved to Kyoto, where he started a large goods store, which is represented in Tokio to-day by the Mitsui Hofukuten.
I may also add that the name of Mitsui headed the various charitable funds which were started in the country in connection with the war. I am sure that this necessarily imperfect sketch of this famous Japanese house will convince my readers of the fact that in finance, as in other respects, Japan has already shown a capacity for holding her own with Western nations.
In 1723 the head of the family, carrying out the verbal wishes of his father, assembled his brothers and sisters and then and there drew up in writing a set of family rules which have ever since been practically the articles of association of the house of Mitsui.
During the late war, as well as in that with China, the Mitsui house had immense transactions with the Government in providing war material, steamers for transport, supplies, &c., and their magnificent organisation enabled them to carry out their various undertakings without the slightest hitch.
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