Richmond Palladium (Daily), Volume 35, Number 69, 16 January 1910 — Page 4

PAGE FOUR.

THE RICHMOND PALLADIUM AND SUN-TELEGRAM, SUNDAY, JAXVAKl lti. l!llO.

1 he Richmond Palladium and San-Telegram Published and owned by the PALLADIUM PRINTING CO. Issued 7 day each week, evenings and Sunday mornjnc Office Corner North 9th and A streets. Home Phone 1121. RICHMOND. INDIANA.

Bodalah O. Ieeda Editor Charlea M. Morcaa. . .Manaalnff Editor Carl Bernhardt Aaaaelate Editor VV. R. Poundatone. Newa Editor. SUBSCRIPTION TERMS. In Richmond 15.00 per year (In ad vance) or 10c per week. MAIL, SUBSCRIPTIONS. One year, in advance jr, 00 nix month, in advance 2.60 One month, in advance . . 45 RURAL ROUTES. One year. In advance $5.50 81 months. In advance 160 Oue month. In advance 25 Address changed as often as desired: both new and old addresses must be fflven. ubscrtbera will please remit with rder. which should be given for a specified term; name will not be entered until payment is received. Entered at Richmond. Indiana, post office as second class mail matter. (New York CHy) ha arttflaitatisaaimlatlM ami atflnms! la tta OUR RESERVE SYSTEM. It is good to know that after all these years such a distinguished man as Senator Aldrich is at last waking up to the defects in our bank reserve system. The greatest difficulty is in the attitude of the American mind toward the question of managing reserves. We have all but forgotten what the purpose of a reserve is. To use It la something to save, and not to use. And yet the only reason for accumulating a reserve in quiet and prosperous times is that it may be used to the limit when the trouble comes. Professor Sumner many years ago had a good deal to say of the absurdity of our practice. And now Senator AldricTi commends the European practice of permitting banks to lend their reserves In times of stress to all who are able to give adequate security. Naturally, and properly, he objects to the legal limit that we place on reserves, thus practically compelling the banks to violate the' law if they are to relieve the necessities of the business world. The enforceent of the law is left to the discretion of the treasury authorities, and they may as they have done wink at violations of the law. But this is a bad arrangement, for laws ought to be enforced. Further, no bank, even with the toleration of the secretary of the treasury, likes to advertise to the world that its reserve has been, as we my, "impaired." Banks would not keep on hand any money over and above what they needed for ordinary daily use were it not that they might use it to meet an emergency. Yet, under our system, when the emergency comes, they are not permitted by the law to use the surplus for the whole reserve is a surplus over and above what is needed in prosperous times. If there were no fear of panics there would be no need for any reserve. It is kept against the day of panic, and yet when the day of panic comes we say that the reserve must be kept up to the legal limit Thus a great deal of currency Is locked up all the time, and when It is most needful it Is most difficult to get ft Into circulation. We do not suppose that our people are prepared to admit that the legal limitation on the reserve should be abolished. Most of us feel that the banks should have a full reserve all the time, and then we blame them for not lending more freely when credits are strained. We seem to think that a Teserve can be both used and not used at the same time. As a matter of fact, the bank with the largest reserve In times of trouble may be the poorest servant of the business community. There are occasions when a fat reserve Is a reproach to a bank, for it means that it is doing nothing to ease a trying situation. Perhaps when we get a proper conception of what a reserve In truth is we may be able to see the folly of the present arrangements-Indianapolis News. ABSENTEEISM IN CONGRESS. The arrangement announced as to pairs in the house Is the best thing that, so far, has come out of the turmoil there. It 6trikes at . an evil which has too long, existed, and if a permanent cure is effected, the country will benefit. The legislator given to "loafing on his job" is a familiar figure. He is In and out of Washington as suits his convenience. He puts his own affairs first. Uncle Sara gets that portion of his time not demanded by his private Interests Business first, legislation afterward. A case in court at home, or the closing of a financial transaction, or the mending of political fences, takes him out of town at a running jump, and he returns at his leisure. A large party majority encourages tbjs spirit. A member with a journey

in view, assures himself that he will not be missed, and off be goes. He does not stop . to think that twenty other members on his side may be at that very time deciding upon that same course, and that all of them may be needed in their seats any day. The regular republicans, so-called, were caught napping in this BallingerPinchot matter. Had they mustered in force the house organization would not have been defeated. Absenteeism and easy pairing did the business. The majority cannot draw the line too tightly. War is on, and will last through the session. It is for the republicans to have their men on hand at every roll call. Now is the appointed time, and Washington the place of salvation. Law practices should be suspended. Business deals should be left to business partners. And political fences may be best kept in order by a faithful discharge of official duties at the seat of government. The republicans are responsible for legislation, and this town is the place for legislators while congress is in session. The two houses could not do better by themselves or the country than by a daily publication, in the Record or otherwise, of the list of absentees, with the reasons given for the leaves granted. This would show the exact situationwho were on deck, and who not. No member in such circumstances would offer a light reason for leave, or ask for leave too often. The standing of members, both here and at home, would be affected by the few or the many times their names appeared in the list of absentees. Particularly would members with strong rivals at home have a care about arming them with a charge of neglect of duty. No other charge is quite so injurious in a contest for a nomination, or, later, in the contest for election. Washington Star.

CAPTAIN JACKSON. The death of Captain Caleb E. Jackson, a life long resident of Wayne county, early yesterday morning, recalls to our mind the seventy-nine years of his eventful life, which spans the crucial period of the United States. A time when he braved everything and helped maintain the union. Captain Jackson was one of those valiant citizens that sacrificed his vocation at the time of the war to maintain the principles of equality and liberty for the growing nation. Our constitution was not old when President Lincoln called for men to help maintain the union, but the citizens who realized that they were residents of a no mean country, bravely co-operated and their concerted action saved the country. Wayne county has always been proud of her representatives In the civil war for they were of the bravest. She contributed Oliver P. Morton as the war governor and among her bravest sons in the army was Captain Jackson. When but thirty years of age Captain Jackson organized the 124th regiment. He was elected its captain and afterwards bravely earned the respect of his soldiers. He fought in many battles and at one time remained in the field for one hundred days, fighting almost continuously. This would have tested the faith of an ordinary man, but Captain Jackson at the head of his company, was fighting for a new nation and a nation he wished to remain free to all people. Now he is dead and we are impressed with his devout life, his retiring nature, his temperance in all things; his love of country; his sublime trust in God; his confidence in Lincoln, and above all, of the love and respect of his friends and neighbors. The three score and nineteen years of his life he gave to his home and country. These facts alone make him dear to every citizen. As a member of that great army of the sixties, his life will be an inseparable part of the country's history, and as a lover of home and friends he will be universally missed. Captain Jackson lived a good life: he made lasting friends; he served his country well; he was active and energetic; a kind husband and father. His good life will be an inspiration to all, his lasting friendship will not be forgotten, his service to his country will always be recorded in history, his active life will reap its rewards and as a parent, his life cannot be forgotten. J terns Gathered in From Far and Near Cable the News to Bryan. (St. Paul Dispatch.) . The democrats of Kansas are planning to give a big banquet to Governor Harmon, of Ohio. The plural is used advisedly. We have it on reliable authority that. Kansas now has more than one Democrat t working steadily on the job. Knew He Needed Another Term. . (Pittsburg Dispatch.) A new army scandal is reported from Brownsville. It is safe to say that Foraker wishes those Atchbold letters had never been written. Have Been Stung Before. (Los Aneles Times.) ...... ' Newspaper writers generally have

IT'S UP TO COUNCIL Near the close of the last administration of the city the Board of Public Works gave its entire approval to a franchise, which gives the Richmond Natural Gas Company privilege to sell artificial gas in the city. The franchise was presented to council and the matter of its adoption was laid over to the present council. At that time we called attention to a few very important points overlooked by the Board of Works. One point referred to was the power of the city to purchase the plant, or to purchase stock in the corporation, as it sees fit.

The rights of the citizens should be protected by council and no franchise should be granted without a clause giving the city power, at any time to purchase stock or to purchase the entire plant. Council should save the people from having to pay for watered stock. This may be done by setting forth in the franchise a definite method of arriving at the true value of tha stock. And it should be demanded that the rights of the citizen be observed by allowing the city at any time to invest its money. This would give the city, as a stockholder, a voice in the management of the company. Surely the present stockholders would not object to the city holding stock, Inasmuch as thi3 would put the city on an equal basis with them, and what would be good for them would also be good for the city, as a stockholder. The basis of value of the company's stock should be taken from its physical property and based only on that part of its plant of use in operating an artificial gas company. Its natural gas is being exhausted and a true estimate of its property, should not Include its investment in natural gas wells or pipe lines from these wells to the city.

We have mentioned the unearned increment in public service corporations which is an increased value in the plant, and due to the people and not to the stockholders of the corporation. By having a right to purchase stock at any time, the city would benefit in the increased value (unearned increment) on all stock purchased. Let council remember that which the former Board of Public Works overlooked, that thg rights of the citizen are to be protected; particularly in the matter of allowing franchises. And in considering the Richmond Natural Gas Company's franchise, let them assure the citizens of true competition, so that neither the Richmond Light, Heat and Pover company nor the Richmond Natural Gas company will have a monopoly and also in order to protect the city from a rate agreement between the two companies.

been backing Pinchot, but they are beginning to recall the fact that they also backed Dr. Cook. Somewhere in the Tall Timber. (Atlanta Constitution.) A correspondent asks the address of Editor Bok. We don't know. He said recently that the club woman was superficial. Why Not Blame Him for Brownsville? (Philadelphia InTuirer.) So many crimes are now being charged against Dr. Cook that he may even be accused of stealing Charlie Ross. Your "Uncle Joe" is Game. (Nashville Tennessean.) Speaker Cannon is reported to be swallowing cigars whole these days without even batting an eye. Has Morse's Sympathy. (Philadelphia Telegraph.) Mr. Morse can sympathize with the man who dug that tunnel toward riches and got caught in it. The Real Mystery. (Richmond Times-Dispatch.) Joseph Cannon's days are certainly numbered, but nobody yet knows the number. "Back from Elba" Club. (Milwaukee Sentinel.) This being the age of ex-rulers, Liliuokalina bobs up again. TWINKLES (BY PHILANDER JOHNSON.) A Reconciler. "That near-discoverer of the north pol did one great thing for science." "Why, he was unanimously denounced as a fake." "Yes, he provided about the only topic on record on which scientists were able to completely agree." What It May Come To. More precious than rubies Or diamonds so gay Are the eggs that the hens All reluctantly lay! The Modern Midas. "What a lucky man you are," said the city relative, "to be able to raise all you need to eat." "Yes," answered Farmer Corntossel. "But the things are worth so much in ready money that I haven't the nerve to get extravagant and eat 'em." Works of Graceful Fancy. "Father," asked Little Rollo," "What is a prospectus?" "The kind I am mostly acquainted with, my son, is a sort of fairy tale adapted to the tastes of adults instead of children." The Busy Bluff. De busy man come buzzin' 'round An' put us in de air; His equal hardly kin be found Fob. trouble, anywhere! He come a-raisin' such a fuss 'Bout whut he have to say He makes us think de rest of us Is only in de way. He ack like mebbe he'll explode Wlf some tremenjus scheme, An' so we says, "Jcs cl'ar de road An let 'im work off steam." But when you figgers out his worth Dis answer's whut you git; He's bout de busiest man on earth And aint done nuffin' yit! THE PRICE OF PEACE (Harper's Weekly.) The civil war cost the government $4,000,000,000 while it lasted, and has since cost an equal amount in pensions; total $8,000,000,000. Using these figures as a basis, and considering the greater number of men engaged, the greater losses due to modern firearms, the higher pay, the greater cost of rations and all other supplies and equipments, and with the fighting (D. V.) 7,000 miles away. j we find that the assumed two years

of war would cost the Government alone fully $6,000,000,000, while it lasted. Added to this then would be a pension list that would soon reach $250,000,000 a year, and which would easily amount to a total for the following 50 years, of $6,000,000,000 more; a grand total of $12,00,000,000. The present cost of the army is

about $1 per Inhabitant, or $6 per vot er. To some this burden amounts to 6 cents and to others $6 or $60, depending upon the amount one contributes, by mode of living, to the revenues of the government. Yet, whatever the amount one so contributes, no one now feels this burden. Now, take the government cost of $12,000,000,000 deduced above; it amounts to about $135 per inhabitant, or over $800 per voter. This begins to be a real burden, but so far we have only the government cost. In seeking losses to business inter ests one naturally turns to the rail roads with their enormous capitaliza tion of $10,000,000,000. An hour spent with Mr. James J. Hill convinc ed me that the total tonnage to and from the Orient is almost insignificant as compared with the gross railroad tonnaga. As he expressed it, "A hole in the ground with coal at the bottom furnishes more traffic than all our ships on the Pacific." The cessation for two years of Pacific trade would therefore not seriously hurt railroad earnings. He admitted, however, that the assumed war would upset business generally, that all roads would suf fer in consequence to an extent hard to estimate, and that should the Japa nese effect a landing on the Pacific coast, the losses would shift from millions to billions, and there would be the mischief to pay generally. Governor Harmon's Quest Governor Harmon falls into line in the crusade against high prices. He has messaged the Ohio Legislature to throw out a dragnet. When hauled In. he expects to find in the catch a bunch of laws passed by Congress which operate in restraint of low prices, including the Payne-Aldrlch tat'ff; a combination of wholesalers who fix the prices at which the retail iers shall sell their goods to the ulti mate victims of conspiracy and greed, and a goodly lot of speculators for the jrise in the prices of farm products I which are made the vehicle of gambling on the world's exchanges. Out of i this mass of cumulative testimony the Legislature is requested to fashion a camprehensive report, with the special object of ascertaining to what ex tent congressional enactment has put it into the power of the high-price boosters to pinch the poor. Governor Harmon does not say so expressly, but the implication is un mistakable that he means tariff legis lation and that he expects the results of the inquiry will be a Democratic asset of large proportions in the state and congressional campaign in Ohio next summer. The Republican majority in the Ohio Legislature is showing a tendency to hearken to the Dem ocratic Governor's message, but if he succeeds in wresting from its hands an accusing analysis of Republican tariff legislation in Washington, he will have wrought a marvel far beyond the discovery of the true source of the high cost of living. In the words of Sim Coy, one time paramount In In dianapolis politics, "It can't be did. DEPOTS FOR KAISER (American News Service) Berlin, Jan. 15. The Kaiser has or dered two portable railroad depots from a Posen engineering firm. Built or wood and iron, these stations are made to be quickly put together and taken down, so that when travelling in a remote part of the empire on ma neuvers, for instance the Kaiser can command that there be a station erected at any point he chooses. The structure consists of a large reception room and several small bed rooms to accommodate the Emperor ana nls suite. They will be known in the army as "mobile railroad stations.

GREAT LOVE STORIES of HISTORY By Albert Payson Terhune

MAJOR ANDRE AND MISS SNEYD Because he could not marry the girl he loved, a London merchant's son came to America in early revolutionary days, to win such fame as a soldier as might induce his sweetheart's parents to change their minds about the match. The man was John Andre. When he was only 18 he had met Miss Honora Sneyd. a pretty girl whose family was somewhat better than his own. He and Miss Sneyd fell In love at first sight. Andre asked her to be his wife. She accepted. Then came the first and great obstacle to their happiness. The young lady's parents did not care to have their daughter marry a tradesman's son. They positively forbade Honora to think further of Andre. Tears, prayers and arguments proved useless. The Sneyds were obdurate. The engagement was broken. Andre was set to work in his father's counting house in London. But the young man speedily decided that a business life was not only too tame for him, but that it brought him no nearer to marrying Miss Sneyd. To drown his grief as well as in the hope of making A Farewell Interview. for himself a name that even the Sneyds must respect, Andre secured a commission in the British army and came with his regiment to America. Just before he sailed the lovers managed to steal one farewell interview. Their parting was infinitely sad, yet hopeful, for both believed the future held great things for the young soldier. When she said good-by to Andre, Miss Sneyd hung around his neck a miniature portrait of herself. He vowed to wear it as long as he lived. Then the weeping girl went back home to wait for her lover's return, while he sailed westward to begin bis task of winning fame for her. Almost as soon as he arrived in America Andre began to attract attention in the British 'army circles. Handsome, graceful, full of fun, clever, and with a peculiarly gentle charm of manner, he won all hearts. He was the center of the social life at every garrison he visited; and a score of girls are said to have fallen head over heels in love with him. Though be was chivalrous and attentive to every woman, he remained true to Miss Sneyd. He wrote exquisite poetry addressed to an unnamed woman. The poems were applauded, but only his closest friends knew they were dedicated to the girl who was waiting for him in England. He won quick advancement in the army. Brave as he was handsome, he rose rapidly to the rank of major and adjutant general. While serving in this capacity, in the autumn of 1780, when only 29 years old, he was chosen by Sir Henry Clinton, the British commander, as agent to arrange with Benedict Arnold for the yielding of West Point to the English. Arnold, angry at injustices he had received from congress, proposed to sell to the enemy the West Point stronghold, of which he was the commandant. Andre was sent, under flag of truce, to make the arrangements. The British ship on which he went up the Hudson river to visit Arnold was later driven away, and when the bargain was completed, Andre was forced to return to New York (the British headquarters) by land. He hid in his stockings the papers Arnold had given him, and put on a civilian s coat. Near Tarrytown Andre was arrested by three American militiamen who searched him and found the papers. Miss Sneyd's miniature they failed to discover. For while the militiamen were searching him Andre managed to hide the picture in his mouth. He was taken to the nearest American garrison. There he succeeded in sending a warning to Arnold, which enabled the latter to escape in safety to the British lines. The news of Andre's capture caused a tremendous sensation. The British commander and Arnold both wrote to Gen. Washington, protesting that the young man was not a spy, and begging that his life be spared. But, caught as he had been, carrying treasonable dispatches from Arnold to the enemy, there was The End of a Romance. but one fate for him. Washington would not interfere to change the court-martial's verdict of death. Accordingly, on October 2, 1780, Andre was led forth to be hanged. As he opened the neck of his shirt for the hangman's noose. Miss Sneyd's portrait still rested on his heart. He went to his fate unflinchingly, turning to the men near him, as he mounted the scaffold, and saying: "Gentlemen, bear me witness to the world that I die like a brave man!" The whole British army went into mourning for Andre, and a tablet to his memory was erected in Westminster abbey. Miss Sneyd did not live to hear of his tragic death. A few weeks earlier she herself had died of a broken heart, having gradually lost health and hope, through the long waiting for her absent lover. Jockey's Earnings Large. Frank Wootan. England's best Jockey, who won 66 raaes in three month early this year on the English turf, is an Australian boy only 15 years old. He won his first race when less than 10 years old. His income is now u much as a cabinet minister's. CATCH GREAT SHARK (American News Service) Portland, Me., Jan. 18. The biggest shark ever brought to this port arrived today on the Fishermen Carrife and Mildred. It weighed nearly half a ton and measured more than ten feet in length. It was only after a pitched battle In which the crew used axes that the shark was captured.

POLITIC A L ANNOUNCEMENTS

JOINT SENATOR. WALTER S. COMMONS Candidate for Joint Senator from Wayne and Union counties, subject to Republican nomination. CHARLES W. STIVERS, of Union county, is a candidate for joint senator from Wayne and Union counties, subject to the Republican primary election. REPRESENTATIVE ELMER S. LAYMOX Candidate for Representative of Wayne County, subject to the Republican nomination. LEE J. REYXOLDS. of Hagerstown. candidate for Representative of Wayne County, subject to the Republican nomination. WALTER S. RATL1FF Candidate for Representative of Wayne county, subject to the Republican nomination JOINT REPRESENTATIVE. JOHN C. HARVEY Candidate for Joint Representative, from Wayne and Fayette counties, subject to the Republican Nomination. TREASURER. ALBERT R. ALBERTSOX Candidate for Treasurer of Wayne . County, subject to Republican nomination. COUNTY SHERIFF JESSE A. BAILEY Candidate for sheriff of Wayne county, subject to the Republican nomination. EZRA N. THOMPSON Candidate for shrlfr of Wvn rnnntv snhtart to 1 the Republican nomination. LAFAYETTE LARS II Candidate for sheriff of Wayne county subject lo the Republican nomination. One term of two years only. OSCAR E. MASHMEYER Candidate for sheriff of Wayne county, subject to the Republican nomination. COUNTY CLERK. FRANK M. WHITESELL Candidate for County Clerk, subject to the Republican nomination. GEO. MATTHEWS Candidate for County Clerk, subject to the Republican nomination. WM. K. CHEE3MAN Candidate for County Clerk, subject to the Republican nomination. F. F. RIGGS Candidate for County Clerk, subject to the Republican nomination. W. E. EIKEXBERRY Candidate for County Clerk, subject to the Republican nomination. j THOMAS R. JESSUP Candidate fori Clerk of Wayne County, subject to', the Republican nomination. COUNTY CORONER. DR. R. J. PIERCE Candidate for Coroner of Wayne county, subject to the Republican nomination. DR. MORA S. BULLA Candidate for Coroner of Wayne county, subject to the Republican nomination. COUNTY AUDITOR. I S. BOWMAN Of Hagerstown, candidate for Auditor of Wayne county, subject to the Republican nomina- . tion. ALBERT E. MOREL Candidate for Auditor of Wayne County, subject to the Republican nomination. COUNTY ASSESSOR. ALBERT OLER Candidate for Assessor of Wayne county, subject to the Republican nomination. THOS. F. SWAIN Candidate for Assessor of Wayne county, subject to the Republican nomination. WILLIAM MATHEWS Candidate for Assessor of Wayne County, subject to the Republican Nomination. COUNTY COMMISSIONER. ROBERT N. BEESON Candidate fori Commissioner of Wayne county, subject to the Republican nomination for the second term from the Western District. a H. IINDERMAN Candidate for Commissioner of Wayne county, i subject to the Republican nomin-j ation from the Middle District. THEODORE P. CRIST is a candidate for County Commissioner (Western District). Subject to the Republican Nomination. CCHESIERSPILI Vmitl MfMr (natal al at. I . IMaaM2Tlra (0 ttli. la Ked 4 C.ld awtaUicN boc. sed with B)a Ruitea. Tata m .Mr. mmr ffrar v MJlf) KKAftB) FllX.fc a kaova at Bt. Satatt. Ar Rciiabw SOI 0 BY Nftf-GrSTS nTOIWKS THEOIOII HUNT Funeral Director and Embalmer for Nineteen Years with II. R. Downing k Son is now with Wilson, rob'oeyrr ft Dovciat 15 North 10th St. Phone 1335.

RQigMf mm . u w m u.cu.ct t.-vr a ist parpew we will make you a loan, allowing Tra to arrange lb weekly or month:; a. luenta o your entire auafartion. lVraonal independence, is aa good as a back account. OCR METHODS AND SYSTEM PROTECT YOU from annoying and unreal creditx,' Civic you icUependrcce. You are Ui us enabled to transact roar private buaincaa on a raaa bwi. We bar bright, cheerful prirate offires in which you can talk to ua confiileaw tally. A conrteooa reception nwaita Ton whenever you maj favor aa with a, caU. INDIANA LOAN CO. 3rd Floor Colonial Bldg., PHONE 1341. ROOM 4a RICHMOND. 14 insure: With E. B. Knollenbcrg Room 0 Knollcobcrfl Annex The Flower Shop 111! Usla SL Phcse 1CJ2 FREE ILLUSTRATED HEALTH LECTURES BY LOUISE L. MclNTYRE Mon. Jan. 17, 7:45 p. m.. First Methodist Episcopal Cburcb. "Cause and Prevention of Appendicitis." Tuesday, Jan. IS, 2:30 p. m.. St. Paul s Protestant Episcopal church. "Physiological and Psychological Therapeutics." ' Idaho Sweet Clever Doaey We will have on market in about ten days, 100 ten-pound buckets . of this quality honey. It is a part of the 75 tons of honey produced by Dr. Millar and L. A. Coblentz of Idaho Falls, Idaho. John II. Eggeoeyer ft Sob ESTABLISHED IS 1851 WATCHES No more appropriate time for buying a watch than January, the month of new resolutions and good intentions. Resolve to be on time. Own a watch of your own one that you can rely on one that will give you the satisfying feeling of being accurate to the minute. Our watch stock will afford you a selection from a large range of designs. Movements of all the reliable makes, each bearing our ironclad guarantee. 0. E. DICKINSON Watch Repairing Diamonds Mounted TZIW JUST OrO BOTTLE OF COMMONS' PlMRfflffi We might tell you that we produce and handle our milk, scientifically that we are sure It la pure, because we watch it from the time it is produced until it Is delivered but give it a trial and you will say you can ask for nothing better. Our wesons psss your door Commons Dairy Company 9 S. 5Q SL PALLADIUM WANT ADS PAY.

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