Though Sanyo Railway Company which was established by Jutaro and others as promoters in 1886 finished railroading between Kobe and Mihara by 1892, its business became depressed due to recession and Hikojiro NAKAMIGAWA, the president resigned in the condition of suspended railroading
1886年、重太郎らが発起人となって成立した山陽鉄道は1892年までに神戸、三原間の敷設を完了したが、1890年不況の影響で不振となり、工事がストップしたまま、社長の中上川彦次郎が辞任してしまった。