VILMHrGTO, N. C. NOVEMBER 5, 1007
C1.C0 PEE 3TEA33
VOIiSU NO. 34
X
9
"V
v i . i : .
PRESIDEWTWIAY ftCT
Urged to Call Extra Session
oi Congress
10
Action Hecessary in the Opinion
of Leading Financies
Suspicion of American
Industrial
Removed.
itmwo T.aa
..,...wI..umIc t()
So cssary No Opposition on Part
i.winti ics to Federal tun-
Jl UIVHl
trol
Washington, Nov. 2.-It was learned
-Almost every big business concern
that President Roosevelt is now be
iafe urged to call an extra session of
congress to deal with the financial
situation.
The request comes from and repie
sents the judgment of the conservative
leaders in the financial world, w.;o
have represtned the present situation
as one compelling action of a char
acter which will affirmatively eradi
cate all ground for suspicion of Ameri
can industrial methods.
The president has been assured from
most reliable sources that there will be
no opposition on the part of Ine great
industries cf the country to the en
actment of the necessary laws to carry
out his ideas of federal control to the
extent to which he has expounded
them in his recent public utterances.
These assurances are made at this titre
to avert what lias be represented
as the most dangerous situation which
has confronted the country during an
extended historic period that is, seem
ing growing lack of confidence based
on known irregularities in business
methods in some quarters, and no sure
and speedy means of separating the
good from the unsound.
To this end it is suggested that the
president set congress to the task nist,
of making such ame:ments to the
financial laws as will result in the
maximum of flexibility with the min
imum of basic change in our system.
Next, and perhaps most in importance
that the president embody his sugges
tions on corporation control into suc
cinct recommendations for enactment
into law.
In this direction the presidents at
tention has been directed to what he
said at Provincetown, Mass., August
20 last.'
" "I believe in a national incorpora
tion law for corporations engaged in
interstate business.
'I believe furthermore that the neeo
for action is most pressing as regards
those corporations which, because they
are common carriers, exercise a quasi
public function by the federal govern
ment, by the exercise of the power cuu
forrprf under the interstate commerce
clause, and, if necessary, under the
post road clause of the constuuuo i.
The national goverment should exer-
co nvpr them a similar supervision
and control to that which it exercises
over national banks. We can ao tnis
only by proceeding farther along the
lines marked out by the recent nation-
al legislation. .
"Almost every big business concexn
is engagea m mtcisiaic wuhuv.w
such a concern must not be allowed,
bv a dexterous shifting of position
has been too often the case in the past
flaranp therebv all responsibility
oithPr to state or to nation '
' v, TooiiUvit
It , 1111 V, 1. li.W f.vw
-moor 11 1 v 1 h' u s I lit- pi toiw .
then suggested amendments to the
Sherman anti-trust law, and the addi
tion of a criminal clause to that end
to the interstate commerce regula
tions. The benefit of having federal legal
machinery to detect and eradicate un-
wholesome business methods at this
time was said to to be the
desirable end to accomplish. This
would mean, it is pointed out, a practi
cal wiping off of the slate and starting
afresh under business conditions which
kave and which could bear the closest
public scrutiny.
That the president has given the re
quest for an extra session careful con
sideration is indicated by those who
kave been asked to lend their ad7ice
in the matter.
That the information as to existing
conditions is not alarming has been
continuing assurance which has come
from the government's careful obser
vations. With this in view the president has
- been told that the call tor an extra
session of congress might have the
reverse effect from that desired by
DEAL
ITU
SnUATiQN
(those Who are urging such action;
that it would tend to emphasize in the
public mind an apprehension of un
favorable conditions which do not ex
ist Palling to obtain an extra session,
those who have made the appeal for ic
have presented an alternative, or an
additional request that the president
make a public statement of the as
surance he feels in the sound condi
tion of public credit.
This, too, has met with a measure
of opposition from the administra
tion's advisers.
Both suggestions are stili matters
of consideration, although no infor
mation whatever is obtainable regard
ing either directly from the white
house.
CAMPAIGN' WAS HEATED
Non-Political Issues in Kentucky
Make Result Doubtful.
Louisville, Ky., Nov. 2. Not since
the famous Goebel-Taylor race has
there hfn a Kentuckv camnaisn so
vigorously waged on both sides as the i
one which closed tonight.
The active labors of Judge Samuel
W. Hager, democrat, and Augustus E
Willson, republican, candidate for gov
ernor, ended today only after each
had stumped the state from end to
end.
Although Kentucky is normally dem
ocratic by a good sized majority, the
situation this year has been compli
cated by so many issues of the non
political sort that good judges are sti1.!
at sea as to the result three days be
fore the election.
A hot campaign for the election for
a full set of city and county offi
cials in Louisville and Jefferson coun
ty will also be decided next Tues
day. The fight is being waged on the issue
of "open" or '-closed" Sunday and the
party lines have to a considerable ex
tent been obliterated.
CALLS FOR ' INFORMATION
Railroad Commission Wants Facts
About the Sale of Certain Stocks.
Atlanta, Ga., November 2 The state
railroad commission today issued an
order calling upon the Central of Ga.,
railroad company and the Southern
Railway company for "full disclosures
touching the sale of the stock of the
former, so far as the facts may be
known to them or their companies,
or appearing in the books or docu
ments in their possession."
The commission also requested a
complete list of all stockholders of the
Central of Georgia railroad at the
present time, and at all times since
October 1, 1895. The desired informa
tion must be furnished on or before
November 15
It has been charged that the South
ern railway company owned a con
trolling interest in the Central of
Georgia, contrary to a state law pro
hibiting one line from owning stock
in a competing company, and it is
the purpose of the commission to es-
ablis'h that fact if such is the case.
' CLOSED DOWN PLANTS
... .f Tfthappo Comnany Tb
Action of Tobacco Company Throws
Large Number Out of Work.
Baltimore. Nov
-The American
Tobacco company nas ciosea uuwu
r.rHoaiiv all its cigarette making
plants here, throwing between
500
ana- goo employees out of work.
No
reason was given at the local factory
today for tne action ol iue cumV"j
I D6yond the statement that the order
to close came from neauquariers x
I New York and gees into effect nexttcm tnauked the governor and added:
week.
There is. however, a belief m wci
informed quarters tnat. me cumyauj
act was somewhat in the nature oi a
retaliatory measure on account oi xue
1 ccuv fuiv .' -
of a great quantity of the company's
cigarettes at Norfolk intended ior ex
port.
J
rjOTTRT.K i,vxomG IN ALABAMA
I
- .
is , ciiixa -
isy aiOD.
and Hank Lucas, negroes, were ijncu
. i-
ed early todaT at Vinegar Bend, A,a.,
near here.
Sumroll murdered Julio Eoaz,
young Cuban, Monday night. Boaz was
trying to arrest Sumroll for burglar
Lncas' crime was the protecting Sum-
- TT.
roll from the police and a posse. His
body was found hanging to a telephone
pole in the northern part of the town.
Sumroli's body was a mile away from
It was at first proposed to burn
negroes at stake, but wiser heads pre
vailed.
j
ment
week snows that the banks hold $38.
8SS, 825 less than the requirements or.
thA 2S ner cent, reaervo rule. This
a flr.rj In cash reserve enrolus
$27,60525 as compared with last week
The deficit ol $38,838,825 this week
compares witk a deficit of $1333
last weeV.
GDMPLAILIS OF BUSINESS L1L0
Governor Glenn Jakes a Sensa
tional Charge
Asserts that Some Business Men are
Trying: to Persuade Him to Violate
the Law Ombt to Turn Their
Persmasive Powers on the Railroads
Atlanta, Ga., Nor 2 Governor Glenn
of North Caroliaa took part in yester
day's conference over the railway rate
situation in the south with Governor
Smitk of Georgia, and Governor Co
rn sr, of Alabama, today appealed to
' 3 railroads and the people of his
o?a him in u nhnl diner the
f. Ivlo v-' utwiDii u.u w
I Y.w of the state and in giving the pres
ent rate law, a fair trial,
'If after a fair trial the rates are
round to be too low," said Governor
Glenn, "though in my opinion it will
be found that they will increase re
ceipts, then the railroads may rest
assured that the state will do what is
right.
I appeal to the railroads to stop
their litigation which will result in
no good to them or to the people and
let us all await results until the next
meeting of the general assembly.
"If the business men would stop try
ing to persuade me to violate the
law passed by the legislature," said
the governor "which nler my oath,
it is my duty to maintain and which
I have no right to alter or repeal, and
will turn their persuasive powers aud
influence toward inducing tne rail
roads to obey the law as passed, nn
jtil it has had a fair trial they would
be doing a m icu greater service co
their s'!ate.'' ?
CLOf .-DRURST STRIlvKS TOWN
.
Sixteen 3cisoits Drowned ami Fifty
liojivs Was! icd Away.
San Francisco, Nov. 2. Keports o:
great damage and loss of life at San
Jose del Cabo, in lower California, on
October 14, caused by a cluodbuvst.
were confirmed by Captain Paulson
and passengers on the steamer Cura
coa which arrived here from Mazat
lan yesterday.
Sixteen persons are said to have
been drowned by the torrential down
pour and more than fifty houses wash
ed away.
The rain was preceded by a hurri
cane which blew with great fury for
upwards of twelve hours. Siiia.l
craft in the harbor ere sunk and a
number of lar'se vessels were badly
damaged.
As the deluge struck tne town Uic
people were caught and those in the
maiu path of the storm had no chance
of escape.
Several persons were carried out to
sea.
Some who escaped the flood were
killed by being crushed by flying por
tions of buildings.
Two new wireless stations were com
nletelv destroved. Orange and lemon
grioves ia the vicinity were ruineti
and the inhabitants are said to be
practically destitute.
Not a single relio of any of the hous-
I whicn were on the hillside remains,
Pardons Notorious Bandit.
Topeka, Kas., Nov. 2. Emmett Dal -
ion, once a uuiuiiuu uauuit,
was pardoned by Governor Hoch, Af - entered the race following the solicita
ter a conference with Daiton Govern- . . rr4sMpt Rnnsevelt and Sec-
Hoch handed him the parchment that
I mflde him a free man
i Then he saook hands with Daiton
I and declared nis belief that Daiton
i would become a useful citizen. Dal
I "There is some one in Kingfisher who
be (glad to hear of this."
I EMPERORS IJIRTHDAY OBSERVED
y Alucrirans Werc cscnt at its
1 utiicorauon.
I Toiu0, November 3. Today being
- jtne emperors birthday, a national noi-
iday is being universally celebrated
During the day the usual grana review
of troops was held by Field Marshal
fh-omo rf whirh the emneror was
present. The entire American embassy
sTc. ottonoH Mnnv American vis-
d to witness the re-
Imnnr H'rsroiPTl Tr I II I SLf I ndviiaui
- v i9nn3
' w "nT't n"Tt end the inTperial
L A . .
Call lOnigUU
The vernacular press today prints
,,fnrv priitnrials and
COmment on the universal say
h
Mng tnat even vue lime wv,-
. America is passing
er friendly relations of the
which threatened to be distumea
of th6 hysterical utterances
. . .A
.tt a actional newsnaoers appear
the welr restored." -
- newsoaoer suggests hope
Ui.. AmaHran snnadroii will Tlsit
T--r-A wotorfl In which event it
tfiuoutso .
added the nation should extend a
welcome om such a scale as to leave
- T aoubt of friendliness.
is I omt wiHa rtARfrorcd
of I Trilby. Fla.. November 2. Fire
yes -
terday destroyed the Bergenger
- .
English saw mills nere. ibciuu
ltixnber skids and throe loaded cars. New York. Nov. n ol the quiet-,
IrExafcfatJ.liMtiraacefW
THE ELEGTIOO FiEXT TUESDAY
Campaigns Were Practicallj Clos
ed Last Night
An Active and Better Fight Wagert
In Maryland Proceeded Quietly
in Virginia Save in Few Localities
In Pennsylvania Quietest in His
tory of the State.
Baltimore, Nor. 2. Tonight practi
cally brings a close to the campaign
precedent to the election next Tuesday
when a governor, comptroller, attorney
general and clerk of the court of ap
peals, members of both branches of
the legislature and county officers will
be balloted for throughout the state,
in addition to the election of officei s
named, there will be on Tuesday a
primary election intendede to indicate
the choice of the people for the long
term United States senatorship, for
fwhich there are three candidates,
Edwin Warfield, the present governor
of the state; John Walter Smith, ex
governor, and Congressman J. Fred
C. Talbott.
Of these the two last named are
organization men, while Governor
Warfield is understood to be warmly
opposed by the organization forces
The campaign has been fought ac
tive and bitterly in the newspapers
by the democrats and the republicans,
but it cannot be said that the gener
al public has shown any great inter
est. Philadelphia, Nov. 2. The political
campaign in Pennsylvania, which
closed tonight, was one of the quiet
est ia the history of the state, very
little interest being shown in the con
test for state treasurer, the only state
office to be filled at this year's elec
tion. There are four candidates for the
Xia?e, Jjohn O. Sheatz, republican;
John! C. Harmon, democrat; M. 11.
Stevenson, prohibitionist, and Samuel
Claiif, socialist.
ITne f the candidates made a very,
extensive campaign tour as in form
er ypars.
Tlia democrats made honesty in gov
ernment affairs i eir principal issue,
dwelling particularly on the state cap
ital's1 candidate.
The republicans also took up the
st.-itq capital affair and demanded that
all i those involved in the scandal
be severely dealt with.
Richmond, Va., Nov. 2. With im
portant elections to be held at ev
ery precinct in the state on Tuesday
next, involving the selection of all
county officers and members Of both
branches of the legislature, the situa
tion is remarkably quiet, save in a few
localities where strenuous local battles
are being waged.
Cleveland, O., Nov. 2. With rallies
in all parts of the city in which local
orators were heard and overflow meet
ings held in the central parts of the
1 city, the most notable campargn wnicn
I ... mm
has been witnessed here in recent
years came to a close tonight. The
I democratic ticket is headed by the pres
I ent mayor, Tom L. Johnson who is
seeking reelection for a fourth term.
He is opposed by the republican tic
It headed bv Congressman Theodore
E Rnrtm, chairman of the house com-
I mlttP nn rivers and harbors, was
retaries wjlllam H. Taft and James
R Galfield.
Mr. Burton early in the race an
nounced his adherence to the republi
can platform favoring immediate set
tlement of the street railway problem
upon the basis of not less than seven
, tickets" for 25 cents.
Mayor Johnson demands a straight
fare of three cents.
The fisrht. srood natured enough in
the first part, has grown in bitterness
as
It progressed and public interest
has reached a
Willie ucai in vi'v j-
i. :i . i . - ? vr n nemo'
sta'ges.
Both sides are tonight claiming vic-
torv. The unpreceaenteu regisua
tiou was a surprise to both siaes ana
oniy tne couiu ui mc -
i ...
day night will ten me reuu
I tv v. Liuu..
-ivtn M .1.. November 2. lha
comn in New Jersey practical
T,,-rrv. The nnlv imoortant
I v-nwcu iuui6ul-
contest is that for tne gonorbuip
trri fou-ht. John l rank
- lm Fortf tne republican candidate and
- MZZu n,mo
nanK . ivaucuu...,
Lti, .ine conducted a vigorous
111. both speaking in all parts
f fha -fnt1 xew Jersey is nomi
of nall republican, but the democrats
i- -" . .
to KrtT,0 to hV reoublican dissen
1 thr has been no campaign
I , fK.
I . T-i vmvf koMuse I cr of the marine engineers union, . . .n New IXcxico. was re-
iS I . , ,bAA wm!;
line siaie eiet-iv iu sx:
I Dractically decided except
ormal TOte at last summer's
Ck lUiUtill V r
mrvnitrn
! oentlv ia ,
p Noel is the democratic canii-1 threats to Uo up business by a stride. lncrease their circulation and the
1 lineal fr-f tfiA -nlaintlffsi left this af- fRia.! and clerks are WOTlC-
and ldate for pernor.
I . . . A -
iui . u- - - .
lest caiaparsms that New xotk uzs
er experienced practically ended to-:
day.
The fact that no state officeia are to
be voted for, that both the democratic
and republican parties had agreed on
the nominations for the court of ap-
J peals judges, and that the assembly-
,men to be elected will not nave to
choose a United States senator, mad?
the campaign colorless.
CARLISLE LOSES TO PRINCETON
Was Ilea ten by Score of 10 to 1 la- j
rilans Powcrlo Against Tigers, j
uuior Games.
New York, November 2. Princeton
prkk-d the bubble of the Indian
football crreatms on a wet field at
the Pol., ground today and the
sccre l'J to 1, is n fair indication of
the r erit.i ui the two tnms. Fresh
fro:M an overwhelming victory over
Pennsylvania. Carlisle was powerless
ag;i;it thn Tigers who. only last
Saturday w re defeated by Cornell.
The InJ.i.'ins dii not mgotlate onw
succ 3iul forward pass. ,r ra"y so ef
fective at Philadelphia. There was
but one play with which they could
gain any ground a fake kick. At no
time was the Tigers' goal in danger.
The significant feature of the play
was the noticeable lack of the dash
and speed which characterized Car
lisle's game in Philadelphia.
Carlisle's line was weak. McCor
miek frequently plunging through
for big gains, McCormick's fine buck
ing and interfering were potent fac
tors in victory of his team.
In the second half Dillon, whose
generalship, dash and sure handling
of punts showed brilliantly, was taken
out in order to save him for the Yale
game. Captain McCormick was also
removed under strong protest on his
part. Tibbott, whose spectacular run
of 65 yards through a broken field,
brought Princeton's final touchdown,
also was sent to the side lines. Tob
bot's run was the only feature of the
last half, Princeton being apparently
satisfied with a safe score.
The game was phvred in a drizzling
rain which made trick plays difficult.
Princeton worked the on-ide kick ef
fectively several times. Straiimt
football, however, was responsible
for most of her gain3. There were
several penalties for otf-side plays
and holding but the game was charac
terized by a noticeable lack of rough
ness. Pennsylvania. 15; LaFayette, 9.
Minnesota. 12; Chicago, 18.
Harvard, 6; Brown. 5.
Cornell, 15: .VesU-rn irr.'versity.
Pennsylvania,
Yale, 11; Washington and Jeffer
son, 0.
Army, 6; Colgate, 0.
Michigan. 8( Vanderbilt. 9.
Haverl ord. 12; Lehigh, i.
Pennsylvania state 52; Dickinson
College. 0.
Swartbmore. 18: Villanova. .
George Washington - University
of Maryland, rain. .
At Norfolk; Sewanee. 12; Mrglnia 0
William and Mary, 19; Medical Co.-
Virginia Military Institute, 44;
Roanoke College. 0.
Auburn, (second team) 6; Mont
gomery Grays, 5.
Georgia Techs,
10; University onrobably result In an Increase of re-
Tulane University. 12; Drury Col
iege, w.
University of Tennessee,
versity of Chattanooga, 0.
Mercer, 11: Howard, 6.
57; Unl-
. r.fnnT.tfrVT
DENIES FLSii
. ... TrMirrH
ir....ln I'lflillK lO IiaC '-"'"O--
to I'jlCC'l Ills
-
. m
New Orleans,
November t. j-
(Harahan, president of the Illinois
Central road in a statement tonigni
about the pending contest for control
of the Illinois Central said:
Mr.,Fish's statement that ne now CorQ Excnange tank, and. a memUr
ha3 a majority of the stock in his Qt the New York clearing house cox
favor exclusive of the Union Pacific mtteet gaid in explanation of today's
holdings, is untrue. Including those bank stateraent tnat the cleariug
counted for us, we know of more than h0use banks have been taking over
enough pledged to us to elect our tfce loang caiied by the trust corn
ticket. These are facts based cn act- panies and tnat this increased the
ual knowledge and this proof will be bank loang ,Mr Nash
shown when the stockholders are
counted.
MARTIN MALONEY RETURNS
Not Known Wliether He Found HU
Afirf;in!r Dauchter or Not.
Philadelphia, November. 2. -It was
lnomi ytrn tonient mai
(lf th5?. citv who went abroad
n search of his daughter Helen, who
PPe ' ""eT N. X.
xuvi
about the time of the oisayp e
mr nftli vune woman
r'f-tnmed to his home here. Mr.;tjjan i expected. The shipments to
Maloney reached Philadelphia Thurs
day and has remained in seclusion
it is not known whether
ever since.
n.i ,1 miccinir ciri mil 11 i
l run - ... .... : . J ,
luM .t 7 Mr.Maloney has
bpen in communication Mth his
daughter.
TO RESTRAIN UNION
Ui ui Sought bj Steamship and
Injunc
Towing Company,
ir V Nor. 2 Edgar i.
Norfolk, Va.. Nor.
- t' .vonbach. the Kings County Trusi
. - nwbWn N
Company and others of BrooKiyn in.
brought suit in the
- today agamsi ja .
Z I'Z Z
OI the marine
. i .
and all other officers
I - . . , . i
- 1 engineers beneficial association u
re - ing an injunction reetrafatglng the
I f endants as individuals and as orxi
I frnm Interfering with the piainuir
for steamship and towing buaineas by
pri - 1 tempting to enforce rules as to
- ...
I , .
rt I number of engineers, ouers. eve.
ployed , upon their boats under alleged of the country are arranging.
Tnere are bwiw,4wv
lenxooa rr Suffolk, va., ia an euun TerUe in tha enorx w kcc? w.
, i; -..-i flrtfAJ.
ev - i - - -
LACK OF CUUCY
Only Obstacle to Restoration
of Hormal Conditions
M 0EMIIIT5
Gold Engagements Increased by
Orders From Several Points
Few Conference Held by Ca4Utll.
Tru-t Companies Inc-vraM? TUelr
Deposit In Rank Tempting lre
rnlum Ilrlaalng Hoarded Currency
to Light Marked Improvement 1"
Finniu-UI Sitnatkm Hxpectrd.
New York, Norember r. The finan
cial week came to a close today with
out any aotable developments. The
stock exchange was comparatively
steady during the day with little ac
tivity. The runs upon banking insti
tutions seem to be practlvcally at an
end and few Important conferences
were held by financiers. The decline
In the reserves of the New York
L - inc hnntA hints wan heavier than
I. .. . i ,ni un
1U ttU
largely offset Dy tne arriTais oi kuiu
next week. The apparent loss in tlia
reserv was about $27.oo,ooo, but $7,-
000,000 of this was due to the require
ment of twenty-five percentage against
Ian increase in deposits of $23,000,000.
This increase in deposits in the clear
ing house banks apparently represents
the transfer of funds from the Insti
tutions which have been subject to
runs. 1 lie actual loss in cum, uier-
fore, was about $30,000,000 which re
duced the recerve on hand to about
$225,000,001). The gold engagements
increased slightly today by orders
from Pittsburg and other points, mak
ing the total engagements to date
$29,150,000.
If all this amount should go into
the reserves of the clearing house
banks it would practically restore
their loss of cash during the past
week. Kven the diversion of a p?.rt
of the amount to other cities will
leave the bulk of the gold arriving to
co into New York banks and will
serve next week. A part of the de
cline in cash in the face of heavy
deposits of treasury funds, has been
due to the calls of the country banks
for currency. It is believed that these
hara hann nrot t V 1 - rcpl V rnAt find that
I ' v " l"" o--y
tbe amount will not be nearly as tare
Idurine the comine week. Renorts rc-
" - "
ivitlu wu 'auuuo p1 K" wk v "w ,vvm
... . .
I try indicate tnat the system or meet
ing payrolls by chtssks Instead of In
currency Is latcely adopted
witnout any essential intonvenlence
tQ wage earners
William A. Nash, president oi tho
'The trust companies have increas-
l ed their deposits in. the banks. The
total deposits have thus been Increas
ed without any addition to the stock
of cash, and naturally, tne jercenuige
of reserve has failed. I do not regard
thiJ as gignificant because the IncreAse
of deposits by the trust companies Is
payable, not in cash, but In clearing
house funds.
"The real matter in the bank state
ment Is the supply of cash. The low-
es during the week are not greater
the interior and the hoarding of cur
rency account for the loss reported.
"I believe that from now on there
will be an improvement The hoarded
currency will respond, aa It alwas
has, to the tempting premium that is
1 being offered. The gold on the way
!from Europe will begin to flow In
next week and with It will come a
falling off in the excitement about
cash."
i
. Wa,hInt.n November 2. Treasury
omcials are agreed that the financial
sltuaOon ts distinct Improving day
mm fin.nrta! cen-
1. ! UT UAJ LUU
j uj uaj luu mm
. t were of a very reassuring
ce - . rhrjLCter KewB Qf the opening this
- 1 , f buslnees of the banks In
, . . w1th reneral saUsfacUoa and
at- therc to abnmdent erldences
the lhe fear of more serious condi
, .... . . . , . .- faa
ilanA ra substaiaz. kkuoui o&aj
-w
frota t w. rfiTt
JTT '
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