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Palladium-Item from Richmond, Indiana • 1

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Palladium-Itemi
Location:
Richmond, Indiana
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1
Extracted Article Text (OCR)

MOND PAEEABIUM T'nlladlum, Est. 1S31. Consolidated With Sun-Telegram. 1907. VOL.

XCIL, No. 64 RICHMOND, THURSDAY EVENING, MARCH 16, 1922. SINGLE COPY, 3 CENTS RICH WATCH VOTE IN MAINE TO LEARN TREND Look for Political Straws in Next Monday's Election First Congressional Contest of the Year. DINNER PAIL FACTOR By MARK STLLIVAX WASHINGTON. March 16 Those who follow the signs of the times In a political sense will take some interest in an isolated election for a congressman to be held In the' Third district of Maine next Monday.

It is the first I vacancy to be filled by an election this year, and party managers, as well as all who take a more than passing interest in politics, will watch it to get such light a3 they may on the trend of the country with regard to the general congressional elections later on in the year. Normally the Third Maine district is heavily Republican. It was carried by Harding by 36,000 to 15,000, and the Democra's cant hope to elect their Q( candidate on Monday. But they do hope to cut down thi3 majority of 21,000 to something below 12.000; and if they achieve this, they will show the result to the country with considerable pride and confident anticipation as to next November. Undeniable Trend There is an undeniable trend toward the Democrats in Maine.

An election for mayor in the city of Saco, held! early this month, wan carried by the Democrats for the first time in 10 years. Some persons in Washington who were eager to know the reason, as a basis of possible deductions about the state of political feeling throughout the country, were told the chief reason was that the cotton mill operatives of that city suffered two cuts in wages, one in December and one in February, aggregating over 40' per cent "Dinner Pail" Election. Idealists may deplore this as a basis of political action, but persons in politics will take it as giving some ground for the theory that the national contest this year is going to be a dinner pail election, with domestic and economic issues elbowing wholly out of the way all such matters as the four power treaty and every other variety of international issues. In this connection it is clear that while business conditions are getting worse in the industral parts of the country, they are improved markediy in those fanning communities of the. middle west, which are the Republican stronghold.

The farmers are reported as beinc; much more comfortable, and it is said i hat discontent with the party in power, which was severe a few months ago, hart measurably died down, li lathis Is true, it is measurable due to the farm bloc. Harding Disapproves. There is much evidence that President Harding doesn't approve of the farm bloc; but it is undeniable tliPt if the Republican senators and representatives from the middle west had not joined the farm bloc, and pul. through their measures for relieving and placating the farmer, there would have been wholesale defections from ihe Republican party this year. (Copyright 1922, by The New Evening Post, Inc.) Yori ANNOUNCE EGYPT SOVEREIGN STATE (By Associated Press) CAIRO.

March 16. A rescript issued by the Sultan Ahmed Kuad Pasha last night announced that Egypt had become an independent, and sovereign state and that the sul-lan will assume the title of king cf Egypt. A Cairo dispatch to the London Times last week said the sultan was expected to assume the title of upon ratification by the British parliament of the decision to terminate the protectorate over Egypt. The new constitution with which Egypt will be provided, however, calls for renunciation by the sultan of some of his perogatives. The British parliament has not yet passed an act lifting the protectorate LONDON.

March 16 An Exchange Telegraph's dispatch from Cairo says the declaration of Egypt's independence was followed by several demon strations in Cairo, the crowds smash ing street lamps and uprooting trees Egyptian cavalry was ordered out to restore order. TRIES TO RECOVER ROULETTE LOSSES (By Associated Fressl PROVIDENCE. R. March 16. Recovery of $500,000 for losses at roulette alleged to have been due to fraudulent operation of wheels is sought by Edward T.

Bannon a New Bedford attorney. He has brought suit in federal district court against six defendants seeking $100,000 each from Frank L. Murray of East Greenwich and John P. Hennessey of East Providence and $75,000 each from Jacob I. Vogel and 'August A.

Schlaler of East Greenwich, James E. Moran of Providence and Charles I Manchester, of Auburn. Bannon charges that the defendants and their agents eo controlled the roulette wheels at various Rhode Island resorts where he played that all element of chance was eliminated, thus enabling the defendants to win large sums of money from him. MENTAL DISARMAMENT IS MORE IMPORTANT THAN SHIPSJAYS JAP (By Associated Press) SEATTLE. March 16 Unless there is "mental disarmament" declared Hirose Saito secretary to the Japanese delegation at the recent Washington conference in an address ore the Rotary club here, "the des- iruymg oi a lew enips win ub ui uu avail," He said that mental disarmament would require the United States to "lift the present bars against the Japanese." Referring to the Japanese situation on the Pacific coast.

Mr. Saito stated that "nil nfmiUnc nnpstlnna hutvppn the United States and Japan practically have been settled except that of Japanese residents on the coast. If you approach this problem on a broad international basis it also can be solved." He said the prosperity of the Pacific coast was bound up with that of the far east. PARTY STRIFE AGAIN IS ABOUT TO PLUNGE FIUME INTO ANARCHY (By Associated Tress) FIUME, March 16. Party strife again threatens to plunge Fiume into anarchy.

Immediately after the fall of the Zanella government, partisan feeling subsided, all joining in choosing Major Giovanni Giuriati as head of the government but now that he has refused the position, each party is again rivalling the others for, control of the city. To prevent disorder Lieutenant Ca-bruna, commander of the armed forces in the city, has proclaimed the committee of public defense dissolved and has assumed full powers himself so as to organize a legal government speedily. Lieut. Cabruna's troops took full possession of the city, placing machine guns at the government palace, the municipal buildings and the post and telegraph offices. He issued a manifesto informing the people of his i intention of prohibiting the use of! automobiles, lorries and motorcycles by any other than the military.

REFUSAL OF EARL OF DERBY TO TAKE PLACE, CHIEF TOPIC (By Associated Press) LONDON, March 16. The Earl of Derby's rejection of the Indian secretaryship, coming after failure of the Unionists meeting on Tuesday to give Prime Minister Lloyd George a vote of confidence forms the chief topic of conversation in political quarters where the effect on Lloyd George's tenure of office is warmly debated. The refusal of Lord Derby, to enter the government is believed to have been final and even the most ardent coalitionists are manifestly anxious In view of the failure of Tuesday's meeting and the obvious hardening of the determination of many Conservatives to cut loose from the coalition. The premier's political enemies declare it is impossible for him now to retain his positon as head of the ad ministration while depending mainly upon Unionist votes, and urge that it. is time he recognized the fact and made his threatened resignation definite.

Premier Resting. Meanwhile no word comes from Criccietht, Wales, regarding the premier's intentions. He is spending his time in resting, golfng and gardening; and as his friends say, "thinking things out," while current decisions are left to Austen Chamberlain as is widely asserted, the disintegration of the coalition proceeds apace. It is stated in some quarters that Mr. Lloyd George has decided to prolong his stay in Wales to see how far the ferment will work before he declares his hand.

The question whether after all he will go to Genoa is debated in political circles and it is suggested he is less eager than heretofore to participate in the conference. It is also thought that, if the report that Premier Poln-care of France will not attend proves true, Mr. Lloyd George will be still less reluctant to abandon the trip. It has been repeatedly stated that it was his desire to attend the Genoa meeting that mainly held him to the premiership, and it is thought that if he now resolves to forego the visit his resignation will soon be made final. RIVER BOAT SINKS; THREE BELIEVED DEAD CINCINNATI, March 16.

The tow- boat Helper, belonging to the fleet of the Campbell's Creek Coal company of this city, early today turned turtle in the harbor here, crashed against the piers of the Southern- railroad bridge and was crushed into fragments. Captain E. A. Burnside, su perintendent of transportation of the company, who was piloting the boat. was drowned.

It is believed also that two other of the crew lost their lives. The re- mainder were rescued. The sinking of the boat was witnessed by passengers on a Baltimore and Ohio train. Government boats were sent to the scene from the Fernbank dam. Chicago Man Found Dead At Wheel of Automobile PONTIAC, March 16.

The body of a man found crouched over the steering wheel of an automobile on a country road west of Davisburg, this county, last night, is believed to be that of Edward Malbeuf, of Chicago. Letters bearing that name and the address of 830, 42nd street was found in his pockets. He had been crouched over the wheel all afternoon yesterday, passersby believing him to be asleep. Death is believed to have been due to heart disease. HOUSE IS TOED GOOD FEATURES OF BONUS BILL Compromise Measure as Finally Revised is Re-introduced by Chairman Ford-ney Majority Report.

ACTION IS UNCERTAIN (Rv Associated Press WASHINGTON, March 16. The compromise soldiers' bonus bill as finally revised, was re-introduced today in the house by Chairman Fordney, who submitted a majority report from the ways and means claiming these advantages of plan of bill: First. No new taxation; no issuance of new securities if at present required. "Second. It provides for the veteran in need of method of obtaining aid.

"Third. The amount required each year after July 1, 1923, is small compared with those which have heretofore been met and can be provided without any difficulty or derangement of our financial situation. "Four. The plan tends to promote saving habits among the veterans. "Fifth.

It protects the veteran himself, and his family from misfortune in the future. Sixth. It will create a class of home builders who will greatly increase the mass of property in the country "While perfect unanimity could her face has been permanently scarred. She is the daughter of J. S.

be expected as to all details of the Johnson, wealthy importer, and has posed for hundreds of magazine covers. bill, the report said, "the majority of the committee believe that the plan in general meets the approval of the soldiers as of all of those who are in favor of granting to them additional compensation in any form whatever." Action is Uncertain Presentation of the report, however, was more or less of a formality and it was certai nthe bill would not be taken up in the house before Monday if then. Just when it would be brought up depended today on the decision of Republican leaders as to whether plans should be laid to secure action next Monday under a suspension or rules which would cut off all amendments, or consideration should be delayed a few days. Leaders were divided as to the advisability of these two courses and it was stated that a decision would await the return here Saturday of Speaker Gillett now in Florida, with President Harding who has indicated that he might not entertain a motion for suspension of the rules because of what he regards a3 the importance of the bonus measure. -f Those counselling delay bejond next Monday believe house leaders should confer formally with President Harding upon his return lo secure his views on the bill as now drawn after which it is their idea that house Republicans could agree in conference to reject all amendments except such as the majority party might decide upon.

TWELVE ARE INJURED IN DAYLIGHT BOMBING OCCURING IN BELFAST (By Associated Press) BELFAST, March 16. Belfast had the unusual experience today of day light bomb throwing, which resulted in the injury of 12 persons, four of whom were seriously hurt. No deaths had been reported this afternoon. A grenade was thrown during the noon hour into a church yard in the Ballymacarrett where soldiers are stationed. There were no casualties.

Two other grenades were thrown in the Seaford street district and it was here that all the casualties occurred. A train proceeding from Belfast to Dublin was held up at Altnaveigh, near Newry today by an armed gang who carried off the mail. The men stopped the train by waving a red lamp. Some boarded the locomotive and guarded the engine- man and fireman while the others held up the postal staff. A similar holdup occurred yesterday on the southern side of the border.

GALWAY, Ireland, March 16 Four men in disguise entered the St. Bride's home last night and shot and killed Sergeants Gibbons and Gilmartin and seriously wounded a constable. Just previously three masked men entered the workhouse hospital and killed Patrick Cassidy, of Mayo. The two sergeants killed were members of the Royal Irish constabulary. They" were patients in the St.

Bride's home. The attackers entered while the nurses were at supper and riddled the sergeants with bullets as they lay in bed. Cassidy, an official of a congested district board, was undergoing treat ment lor a wound which he sustained recently during an attack -on his home. He was shot in the throat. Expect Ar buckle's Third Jury To Be Chosen Soon (By Associated Press) SAN', FRANCISCO, March 16.

Early selection of a jury to try Ros-coe C- (Fatty) Arbuckle for the third time on a manslaughter charge for the death of Miss Virginia Rapp, appeared probable with the resumption of the case today. Shortly before the close of court yesterday the prosecution, having exercised one peremptory challenge, waived its second challenge, thus offering to accept the jury as it stood. The defense, however, used its second challenge, and the interrogation of veniremen continued. Fear Artist Model's Beauty Ml 1 iV lot lJ Ethel M. Physicians are fighting to save the beauty of Miss Ethel M.

Johnson, whose face is familiar to thousands of persons in the United States. Miss Johnson was severely injured in an auto accident near New York and it is 32 SENATORS Will SEEK HOUSE EXPECTED TO PAtllDUM XKWS BUREAU WASHINGTON, March 16. Only three of the 35 senators whose terms will expire March 3, 1923, will not be candidates to succeed themselves. They are Senators Page of Vermont, Republican; Rawson of Iowa, Republican, and Williams of Mississippi, Democrat. Rawson was recently ap- BELIEVE DISASTROUS CHICAGO BLAZE OF INCENDIARY ORIGIN (Bv- Associated.

Press)-' CHICAGO, March 16. Several separate investigations of yesterday's dis- i astrous fire which swept a city block and burned buildings in two otherti, with a loss placed by insurance and property experts at $8,999,999, were continued today. Shirley T. High, city fire attorney, expressed conviction that the fire, the most serious since that of 1871, which virtually destroyed Chicago, was one of incendiary origin. A negro employe of a concern which was among the first to go up in flames, was sougnt.

He was named by a fellow worker who was arrested but denied connection with starting ths firo. Included in the tabulation of losses 1 in the Are was that of 90 paintings by Henry Arthur Elkins, valued at Among them was "Shifting Lights," a painting of a California sunset, valued at $75,000. Jugoslavia and the United Serbian, foreign language newspapers, were burned out. The Austin building, formerly known as the Springer building, at 310 South Canal street, has had a sensational 20 year history. Its destruction ended a frequent recurrence of damage suits, indictments and arrests.

Several serious accidents occurred in the building, and once five men were killed in it bv a boiler explosion. It recently was sold for $1,500,000. Weather Forecast FOR. RICHMOND AND VICINITY By W. E.

Moore. Unsettled tonight and Friday; probably rain and moderate temperature. The southeastward movement of a storm over Puget Sound, Wednesday and its increase in energy indicates mostly cloudy weather for the next 36 i hour period, with rain tonight or Fri day. Temperatures For Yesterday. Maximum 51 Minimum 35 Today.

Noon 46 Weather Conditions High barometric pressure extending from the Hudson Bay southward to the Gulf of Mexico, is causing generally fair weather between the 80 th and 100th meridian, while the storm over the west is resulting in cloudy unsettled weather over the plain states adjacent to the Rocky mountain states, and rain is now falling within the limits of the storm. Temperatures are mild excepting over the lake regions and southern Canada. For. Indiana by the- United States Weather Bureau. Increasing cloudiness and somewhat warmer tonight; probably followed by rain; Friday slowly rising temperature.

Paid Circulation Yesterday, was 12,610 Marred by Auto Crash i Johnson. ANOTHER TERM; PASS BLUE SKY LAW pointed a senator by the governor of Iowa to succeed Kenyon, who resigned to accept a federal judgeship. At the elections this year seats now held by 20 Republican and 15 Democratic senators are to be filled. The present party organization in the senate is 60 Republicans and 36 Democrats. If the Democrats should win 13 of the Republican seats and hold all 15 of the seats occupied today by Dpmncrata whnsn BiifppRsnrs nr tn would pass from the Republicans to the Democrats.

It may be stated "that the Democratic organization has no hope of accomplishing this result. Only five of the states in which senatorial elections are to be held are regarded as Democratic strongholds, the states of Texas, Virginia, Tennessee, Florida and Mississippi. Have Good Chance. In the other 10 states which have Democratic senators whose terms expire next March the Republicans have a good chance for success. These states are Arizona, Rhode Island, Nebraska, New Mexico, Wyoming, Utah, Montana, Nevada, Ohio and Missouri.

In Ohio, for instance, a Republican senator, Willis, was elected two years (Continued on Page Nine) ANOTHERSTOLEN CAR IS FOUND BY POLICE; AUTOS ORDERED HELD Chief of Police William Eversman and Officer Clessie Kendall left for Dayton Thursday morning, taking a small coupe which they had recovered from Muncie the evening before. The chief arrived in this city at 2 o'clock Thursday morning, and left for Day ton at 8 o'clock. The machine taken to Dayton was one involved in the Connell-Maston case unearthed by Dayton police. Local officers have uncovered a number of cars which had been stolen by the; men, brought to this' city and sold. The Muncie machine was brought here and sold through a local -dealer to a I Muncie man.

On the trip to Muncie Wednesday, Chief Eversman found two other cars which had been sold through a garage in Richmond and the two machines were ordered held for investigation. Another Car Located. One other machine has been located in Connersville. At present three cars being held by the Richmond police, until their titles can be cleared. One roadster was brought to the police station Wednesday by an owner who had purchased the machine in Greenville.

He said that it was a 1915 car equipped with a 1920 body and he had not yet been able to get a certificate of title. He requested the police to take charge of the machine until the papers were forwarded from Greenville." Police officials have called the at tention of the public to the fact that trailers must.be licensed and must be registered with the secretary of state just as are Rates for trailers are: less than one ton, $3. One to two tons, $6 two to five tons. $10- INVESTIGATE LEASE OF RAILROAD SHOPS (By -Associated Press) 1 CHICAGO, March 16. Federal investigation of the Erie railroad'3 action in leasing its shoos and contract ing all shopwofk to" the Meadville Ma chinery company of Meadville.

was ordered by the United States Railroad Labor board today. The board authorized a member of its personnel to Invoke "the aid and council" of the department of justice and to go over the property of the road in ob taining evidence first hand. DEPOSITORS OF DICKINSON TRUST TO BE PAID IN FULL DECLARES REPRESENTATIVE Examination of Bank Shows Good Condition With Exception of $660,000 Undesirable Securities Removed by State Bank Commissioner Edgar F. Hiatt Turns Over Property Valued at $55,000 to Bank Value 6f Questioned Securities Not Ascertained as Yet- Rigid Examination of Affairs of Institution Conducted Thursday, Shows No Further Losses, Says Director. BELIEVES BANK WILL BE REOPENED IN TEN DAYS "There is not the slightest probability of a depositor or an investor, including those who have purchased mortgage notes, losing one cent in the Dickinson Trust company," declared H.

C. Starr, director and member of the executive committee of the institution, late today. This announcement was made on behalf of the board of directors. An examination of all the affairs of the bank, which was closed last night by Charles W. Camp, state bank examiner, who held $660,000 of its assets as undesirable, was conducted Thursday.

This survey shows, Mr. Starr said, that there is no indication so far that the bank is impaired beyond the $660,000, which was originally found by the state examiners. To protect the bank, Edgar F. Hiatt, its former president, has deeded to H. C.

Starr, as trustee, his home in Reeveston and other property valued at $55,000. No effort has been made to ascertain the intrinsic value of the $660,000 of undesirable securities. Mr. Camp, in a statement at Indi anapolis today, said he believed their value was "very problematical." The directors have taken no action looking toward the election of a new president or the re-organization of the bank. Reopen in 10 Days.

Indications, however, are that tneibe suffered by depositors. Mr. Camn bank will be re-opened in 10 days and will be doing business as usual. Depositors were warned against accepting offers for less than the full value of their deposits. A small crowd gathered in front of the bank building early today, but it gradually dispersed.

The sentiment seemed prevalent that the interest of the depositors was being carefully safeguarded and that they would not lose their money. Reports from other banks were that business today was normal. A large number of residents of the rural districts were in the city today to obtain information regarding the closing of the institution. Explains Investments The following statement by Commissioner Camp explains what became of the $66QJ)00, which, he says, Mr. Hiatt invested in questionable securities: "The F.

Hollingsworth property, consisting of 14,750 acres of land at Samerset, together with four other pieces of property. Hiatt traded for this land and resold the same to F. Hollingsworth of Grand Rapids, for which he had taken in payment and carried on the books of the Dickinson Trust company what is known as the Magnolia plantation stock, consisting of four certificates of 200-acre units each, carried at $50,000. "In addition thereto he has taken the notes of the Magnolia plantation company, which are personally signed by Dr. F.

Hollingsworth, amounting to on which is a prior lien of $345,000 In connection with these trades hejpany was $5,000 belonging to the state has taken the notes of A. A. Denslow and ex-Governor Earl Brewer of Mississippi for $10,000 each, which are charged on the books of the bank at $14,453.52. The bank held the mortgage note of I. M.

Allen for $18,900, which was a mortgage on 168 acres in Bolivar county, Mississippi, which paper was indorsed by Carrie McLe-more, who is reported to live in Cleveland, Miss. Bought Chicago Property "Mr. Hiatt had traded $48,000 worth of mortgage notes for what is known as the Sheridan road property of Chicago, on which there is a prior lien of $150,000. "For the fifty-six apartments the bank has the notes of John W. Kings- bury for $100,000.

On the apartments mere is a prior lien or 5122, aw. un what is known as the Tudor building property of Chicago, the bank has the note of L. W. Peters, amounting to $70,000, on which there is a prior mortgage of $70,000. "On what is described as the Cook property of 1,760 acres of land near Greenville, 'other real estate was charged with $135,000, Including the other real estate account in the Dickinson Trust company, which was formerly carried at $50,000 to $185,000.

On what is known as the Cook property there is a prior lien of $100,000. "In the combined undesirable assets turned into the accounts of the Dick inson Trust company from Sept. 1, 1921, up to the sixth day of March, 1922, there were mortgage loans and property being covered by prior liens and amounting to $787,500." INDIANAPOLIS, March 16. A run by depositors on the Dickinson Trust company, of Richmond, that led to the withdrawal yesterday of $200,000 caused the. state banking department to close the institution on the ground that $660,000 of its assets were undesirable, according to the statement made here today by Charles W.

Camp, state bank commissioner, on his return from Richmond. He had hoped to have the "undesirable assets" replaced, without closing the company, but the depositors' run caused a change of plan, he. said. Stockholders of the company, the commissioner added, will be required at once to replace the assets which were ordered, removed, but the exact amount they will be required to provide is uncertain. Property surrendered by Edgar F.

Hiatt, president of the company, Mr. Camp said, along with the company's surplus undivided profits, will provide part of the funds needed as new assets. The commissioner declared that he was confident that the company would be re-opened next week, and he said that he felt certain that no loss would expects to return to Richmond Sun- day, and meanwhile directors of the company, he said, were making a survey of the condition and formulating plans for resuming business. The value to the company of the $660,000 of assets, which were ordered replaced, were said by Mr. Camp to be "very problematical." Explains Status "At best, they are second mort gages," the commissioner added, ex- plaining that these assets were sub- ject to or liens tnat were prior to the trust company's claims-No interest in any legal action against Mr.

Hiatt who was said by the commissioner to have "unloaded tho undesirable securities" on the trust company was manifested today by Mr. Camp, who declared that any action was a matter for Wayne county officials. Mr. Camp said he had planned no conference with Attorney General Lesh or other state officials. Property that Mr.

Camp said had been turned over to him by Mr. Hiatt included the Hiatt home in Richmond and a farm, the two being valued at $25,000, and various securities of a par value of approximately $55,000. Whatever is realized on this, Mr. Camp said, would be applied to the company's new assets, as also its surplus and undivided profits. On last December 31, the surplus was reported as the undivided profits as $30,650.60.

Stockholders, the commissioner said, would be required to make up any dif ference between these three items and the amount of required new assets. Among the deposits of the trust com- road fund, but state officials said this amount was protected against loss by a bond. The money was on deposit at 2 per cent interest. 150 PERSONS PROTEST ERECTION OF NEW SCHOOL IN ABINGTON Alleging that farm land Is already taxed above its fair valuation and that there is no necessity for tearing down the present school buildings of the township to erect new, taxpayers of Abington township to the number ot 150 Thursday morning filed a petition in the. county auditor's office remonstrating against the proposed building of a $30,500 school buildng.

Of the three buildings now used by the township two are in good condition the petition asserts, and the third while somewhat older, is capable of being made serviceable by the expenditure of some money. The document further asserts that the petitioners see no. necessity for consolidation of the schools or the erection of new buildings. Farm land is now taxed above Its fair valuation, they state, and some farmers will be obliged to borrow money to pay their taxes this year. The remonstrance filed Tuesday morning will be sent in to the office of the state tax board and that body will set a date for hearing on the proposition, this date to be within 30 days.

Erection of a new school building in Abington township means the consolidation of three districts, according to, Superintendent The new. building is to take care of the pupils of all these districts, and would con- sist of classrooms, a playroom and other equipment of a consolidated school not usually found in a one-room building. The remonstrance is filed aralnst the issuance of $30,500 in bonds to pay for the improvement. 4.

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