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Banks- local branch

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At a time when most financial transactions involved the payment of cash or gold the local banks played an important role in the local community. They held large amounts of cash and had large strong rooms. .

== <span id="List of Towns">[[#List%20of%20Towns|Towns]]</span> with banks ==

[[Albury|Albury]]

[[Alexandra|Alexandra]]

[[Avenel|Avenel]]

[[Beechworth|Beechworth]]

[[Benalla|Benalla]]

[[Bright|Bright]]

[[Chiltern|Chiltern]]

[[EI Dorado|Eldorado]] [[EI Dorado|El Dorado]]

[[Euroa|Euroa]]

[[Howlong (2)|Howlong]]

[[Jerilderie|Jerilderie]]

[[Mansfield|Mansfield]]

[[Milawa|Milawa]]

[[Rutherglen|Rutherglen]]

[[Seymour|Seymour]]

[[Shepparton|Shepparton]]

[[Violet Town|Violet Town]]

[[Wahgunyah (2)|Wahgunyah]]

[[Wangaratta|Wangaratta]]

[[Wodonga (2)|Wodonga]]

[[Yackandandah|Yackandanda]]

== People from banks ==

[[Violet Town|Attwood]]

[[Euroa|Booth]]

[[Euroa|Bradley]]

=== ===

[[Scott|Robert Scott]]

[[Tarleton|John Tarleton]] '''.'''

== The local Bank's place in the KellyGang story ==

=== The role of the local bank ===

=== ===

The local bank branches were an important part of the local community. They took in the wealth of the squatters and looked after the gold that was treated by many as 'good money'. They cashed the wages cheques for the shearers and others, or more properly cashed them for the shanties and pubs and other places were the workers used them to 'clear the slate'; to pay off the things they had bought on credit. [[Banks- local branch|See]] the towns with banks and the people involved.

The banks were really the only source of 'real money' when people wanted to finance their businesses and the local bank manager was therefore seen as the main source of financial advice. If you could satisfy the local bank manager that the new shop or sawmill etc was a reasonable investment for the bank to give a loan, most people were prepared to accept the project without question.

Of course many people saw the banks as looking after the interests of those with money. The bank manger was usually a member of the local church parish council or other local body and their families dined with the other local leaders. There is a report of a Benalla bank manger who could not see a future for a near by inn that wanted to up grade its rooms because people with money would be invited to stay with the local squatters and, 'use other home accommodation with respectable people.'

=== Banks in the story of the ===

=== KellyGang ===

[[Mrs Ellen Kelly|Mrs Kelly]]'s selection was mortgaged to the Land Credit Bank. ([[The Argus at KellyGang 16/10/1880|Argus16/10/80]])

The [[Euroa|Euroa]] robbery gives a good in site into local banks. It was staffed on that December afternoon by 2 tellers and Mr [[Scott|Scott]], the bank manager. The '''KellyGang''' were able to get away with about £1,9000 in notes and £300 in gold. A large sum of money. Remember this was long before the time of the plastic credit card and local banks had to hold money for all the community needs such as wages and the payment of most local accounts. Large amounts were however paid by cheque, but they often had to be cashed.

[[Gold mining (2)|Gold]] was an important part of the currency as well as something that was mined. The value of the currency was tied to the value of gold. This meant that gold could be used to pay accounts and the banks were approved as gold dealers.

Mr Scott had a household that consisted of 2 maids and a groom who looked after his horses and trap which he used to travel around to visit his clients.

While many of the bank names of this story are familiar, the [[National Bank|National Bank]] in [[Euroa|Euroa]] and the [[Bank of New South Wales|Bank of New]] South Wales (Westpac) in [[Jerilderie|Jerilderie]]; many of other names disappeared at the time of the depression of the 1890s

== Protecting the banks ==

[[Nicolson|Nicolson]] told [[Standish|Standish]] of the threat to the banks about 2 weeks prior to the Euroa robbery in mid December 1878 ([[Royal Commission report day 1 page 4|RC16]]) see ([[Royal Commission report day 11 page 3|RC2025]])

Captain Standish consulted [[Hare|Hare]]. The Seymour bank was specially mentioned as likely to be stuck up. Sup Hare issued orders to the police to protect the banks on 26/11/1878. On the [[ev78-10--4Mansfield Murders|30/11/878]] Sup Hare informed Sergeant Purcell, at [[Seymour|Seymour]], that the '''KellyGang''' contemplated sticking up one of the Seymour banks, and that three men would be sent up there for duty, and that I wished their duty to be kept quiet. Additional police were also sent to [[Avenel|Avenel]]. ([[Royal Commission report day 6 page 1|RC1243]])

The activity of the KellyGang led to a shotage of note and coin in the country as the banks sought to protect it in the big city banks ([[The Argus at KellyGang 6/3/1879 (2)|Argus6/3/79]])

At every bank in the small towns two or three constables were placed on guard; there were three detectives sent up, the best men they could find, and search parties were started from time to time. ([[Royal Commission report 12/4/1881|RC2025]])

On [[events 1879-11/ 1879-12|13/11/1879]] there was a plan for Jack [[John Sherritt Jnr|Sherritt]] meet the '''[[KellyGang|KellyGang]]''' at Evans Gap and to go off and rob the [[Banks- local branch|bank]] at [[Yackandandah|Yackandanda]]. ([[Royal Commission report day 44 page 4|RC15284]])

KellyGang

[[Category:Things]] [[Category:Community things]] [[Category:Banks]] [[Category:Bushrangers]] [[Category:towns with banks]] [[Category:bank robbery]] [[Category:Kelly Counrty]]

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