Note 123 — Chapter II · TREE AND SERPENT WORSHIP.
Reading edition
Various suggestions have been made to account for the idea of snakes guarding treasure. By one theory there is some connection between the snake and primitive metallurgy; by another, that the snake may have been the totem of the early jewellers; by a third, that the jewelled head of the snake is at the bottom of the matter.123 But it seems more probable that the idea is based on the conception of the snake as a haunter of houses and temples, and the divine protector of the inmates and their wealth.