Gold Hill daily news. [volume] (Gold Hill, N.T. [Nev.]) 1863-1882, 1867-04-30
A SAVINGS BANK.


II has been in our mind for some time
past that it would be a most judicious
and commendable undertaking - the
establishment Of a Savings Bank in this
county, either located in this town or in
Virginia city. Why not? There are
said to be not less than thirteen hum
bred miners proper employed in this
county, at all seasons of the year, and
not less than twenty-five hundred m
ployees in and about our mines n
mills, who, from their vacations, are
known as d~ay-laborers. Then consider
the large number Of persons who are
employed, under the above title, in the
many mills adjacent to our county q
supplied with work from the products OF
our mines. Probably the aggregate
number Of these persons is not less than
five thousand persons. Out Of this
number it is sure to say that one half
desire, and would improve the adran-
tages of, an established savings institu-
tiouan this county. Consider the like
lihood Of its saving, its actual "saviug"
to our people. How many families, in
our neighborhood, to-day, are keeping
their little store in very insecure recep-
tacles for "~silver and gold" or who are
sending their surplus away to friends in
San Francisco or elsewhere, perhaps a
very few do this, and who would gladly
avail themselves Of q home Savings
Bank. But these persons are not to be
enumerated in comparison with those
i%mprovidens or speculative ones, Single
men, many Of them,) who let their
weeks wages 60 to the banks" that
are anything but savings institutions.
Had we a proper deposit and loan vault
in our midst, with Board Of Directorsin
whom the masses could and would have
entire confidence, many u dollar that
now sinks in q small game Of a Satur-
day night would be placed in an earn
ing position by the hardy worker. II
seems to US that this is a subject which
nearly concerns our mining Superin-
tendents and foremen, and we urge upon
them the propriety Of procuring the es-
adjustment of q Savings Bank in this
county, in which sums from STA min
er's days wages-and upwards, will be
received and credited for with interest.
As we have intimated, there ia a large
moral concern in this proposition. But
take its good for all, as demonstrated
By experience, and regard the peculiar
need there is for such an institution in
this place, and it becomes a wonder why
there has not been q Saving incor'
pora,ed in Gold Hill long since. We dc
not profess to enumerste all the argu'
ments that exist, with unusual empha'
sis, for a public "Ssvings' 'aultin our
communities. We trust We have said
enough, however, to awaken serious at
;ention to the subject, and inauguarat'
the business Of immediate response &c
the greatest wans now experienced frou
the midst OF our industrial and almos
exclusive Interest as communities
A we'll regulated, well conducted Saw
ings Bank would be Of more benefit il
this town than any other public estab
lishmeut we could now name, Of which
we are lacking. The need can be sup
Piled in a month. 1t is unnecessary K
add, that such an institution would con
duce to the advantage of the Banks nov
established here, of a general character
Indeed, the Bank of California coulc
not do better than make such an iuSti
tuition an adjunct. But its entire indie
pepdence might be more convenient fol
all concerned. We hope to see a public
Savings Bank in our town at an early
day.