Historical encyclopedia of Illinois and history of Hancock County, Volume II, Part 30

Author: Bateman, Newton, 1822-1897. cn; Selby, Paul, 1825-1913. cn; Currey, J. Seymour (Josiah Seymour), 1844-1928. 4n; Scofield, Charles J. (Charles Josiah), 1853- 4n
Publication date: 1921
Publisher: Chicago : Munsell Pub. Co.
Number of Pages: 1174


USA > Illinois > Hancock County > Historical encyclopedia of Illinois and history of Hancock County, Volume II > Part 30


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by twenty-two stockholders and controlled by five directors. A capital of $25,000 and a sur- plus of $5,000 were paid in at the organization, and the surplus has been increased until it is now $25,000, making an invested capital of $50,000.


The directors elected at time of organization were H. G. Metzger, W. O. Tuck, J. D. Hall, J. P. Metzger and J. Minor Botts, and owing to the satisfactory manner in which the bank has been conducted no changes in the board have been made up to the present time. The present officers are H. G. Metzger, president, W. O. Tuck, vice-president, J. P. Metzger, cash- ier, and J. D. Hall, assistant cashier.


FIRST NATIONAL BANK OF HAMILTON


This institution was really established by Marshall B. Lane in 1887 under the name of M. B. Lane and Co. and 'in the beginning it was simply one department in his general drug store, book store, jewelry store, soda fountain, news stand, insurance agency and private bank. Mr. Marshall B. Lane was the sole owner. In the beginning the bank accounts were kept in the same ledger with the charge accounts of the general store, but in the last days of June, 1887, a separate bank ledger, was opened by Robert Reed Wallace, then a clerk in the store and the general bookkeeper for the establish- ment. This department seemed to fill a need in the community and it grew rapidly, for those days; a special fire-proof safe (with a time lock and steel cash box inside), was put in use early in the winter of 1SSS. The editions of the bankers directories published Jan. 1, 188S, show R. R. Wallace as the assistant cashier. The advertisements in those directories did not show a president or a vice-president but did show M. B. Lane, cashier, R. R. Wallace, assist- ant cashier, and no capital was stated.


Mr. Lane became seriously ill in the early summer of 18SS, an illness from which he died July 12, 1890. Prior to his death the State Bank of Hamilton was organized with Marshall B. Lane as the principal stockholder, but his health was so far gone that he was not made a part of the first official board. Mr. H. M. Elder was made the first president of the bank, which office he has held all these years; Mr. R. R. Wallace was made the first cashier, which office he has held continuously; Mr. C. P. Dadant was made vice-president just a few


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years after the bank was organized; and Mr. H. M. Cuerden was made assistant cashier some ten or twelve years later.


In the summer of 1890 the bank erected a building on the southwest corner of Ninth and Broadway, which building the bank occupied until about 1907.


The first capital of the State Bank of Ham- ilton was $25,000, which capital was increased to $50,000 about 1905. In November, 1910, the State Bank of Hamilton was converted into the First National Bank of Hamilton with a capi- tal of $50,000, and with the same officers as the old bank. In May, 1894, the State Bank of Hamilton opened a savings department which is believed to be the first formal savings bank department ever opened in Hancock County. It has been a success from the very start.


At the close of business on Dec. 31, 1919, the First National Bank had a capital of $50,000, a surplus of $30,000, and net undivided profits of $5,356.46, making a total capital asset of $85,358.17; and a total footing of $536,729.28, having grown just about $100,000 during the year Jan. 1, 1919, to Dec. 31, 1919.


The present officers of the bank are H. M. Elder, president; C. P. Dadant, vice-president ; R. R. Wallace, cashier; H. M. Cuerden, assist- ant cashier, all of whom are directors, and J. D. Piggott, the fifth director of the board.


1


FARMERS BANK OF BOWEN


In earlier days than these, whatever bank- ing was felt necessary by the inhabitants of Bowen and vicinity was done at Warsaw, Car- thage or Augusta, or, as was often the case, the local merchant was impressed with the duty of caring for the customer's funds, keeping the cash in, his private safe, marked with the cus- tomer's name on the envelope, and often being called on to pay it out on instructions given by word of mouth. This was evidently a very poor way to transact business, and on September 27, 1890, a meeting was held at the town hall in Bowen for the purpose of organizing a small bank to meet the need. This meeting was at- tended by George W. Nash, Clayton McGill, Richard A. Wallace, Albert P. Gay, Charles V. Gay and George W. Cyrus. The result was the formation of a partnership to continue ten years, with the stock taken as follows: George W. Nash and Richard A. Wallace, each two thousand dollars, and the following named per-


sons one thousand dollars each : Albert P. Gay, Charles V. Gay, Clayton McGill, George W. Cyrus and Edward C. Whitford. The bank was opened for business on January 1, 1891, with Clayton McGill, as president and George W. Nash as cashier. At the end of the first year, the trial balance showed deposits of $47,- S84.12. At the end of ten years the deposits were $69,000.00. The original cash capital stock of this bank was $10,000.00; its present capital is $36,000.00, with $8,000.00 additional at Still- well branch. The present resources and liabili- ties amount to $500,000.00.


The first building was a frame structure cost- ing $739.50, located on what is called Main Street, about one hundred fifty feet east of the present banking room, and which was destroyed by fire. The next location was in the brick block built by George W. Nash on the corner west of the former site, and in the year 1913 the new building, built in 1912 at a cost of $20,000.00, was occupied. It is a fully up-to-date brick structure, taking the place of the original building in which the business was carried on, but which burned in 1896.


Up till the present date three president have served the institution, Clayton McGill, Albert P. Gay and Enoch H. Fleming; also two cash- iers, George W. Nash and Charles Crossland. The present officers are : president, Enoch H. Fleming ; vice-president, Henry B. Nash ; cash- , ier, Charles Crossland. The directors are George W. Nash, Henry B. Nash, William R. Harris. Enoch H. Fleming, Samuel G. Fleming and Charles Crossland.


(Since the foregoing was written Charles Crossland has died.)


In the part of Hancock County in which this banking concern is located both farmers and town people have reason to be thankful for such an excellent place in which to transact their banking business.


FIRST NATIONAL BANK OF DALLAS CITY


The First National Bank of Dallas City was incorporated Oct. 1, 1900, succeeding the old private banking-house of B. F. Black & Co., which began business in 1891. The organizers or "charter members" of the First National Bank were H. F. Black, W. H. Dowd, C. H. Myers, W. H. Bliss, C. Rockel, Jacob Hettrick, C. F. Leinbaugh and B. F. Black. The first officers of this bank were B. F. Black, president ; N. H. Dowd, vice-president; and C. F. Lein-


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HISTORY OF HANCOCK COUNTY


baugh, cashier. It may be stated that of the persons named above as organizers of the bank, all have passed away except W. H. Bliss. H. F. Black died in Sept., 1903, B. F. Black in Dec., 1905, Jacob Hettrick in 1907, C. H. Myers in March, 1910, C. F. Leinbaugh in Nov., 1911, N. H. Dowd in Nov., 1918, and C. Rockel in Oct., 1919. The present officers are L. M. Loomis, president; W. N. Byler, vice-president; and H. F. Black, cashier. The present board of directors is composed of nine persons, as fol- lows: W. W. Hull, John M. Avise, J. L. Ed- wards, C. E. Peck, P. H. Farren, W. N. Byler, A. H. Black, L. M. Myers and L. M. Loomis.


The presidents and cashiers of the bank since its organization, have been B. F. Black, N. H. Dowd, and L. M. Loomis, presidents, and C. F. Leinbaugh, W. F. Bliss, and H. F. Black, cashiers.


The original capital stock was $25,000, but this was increased to $50,000 in 1903, and to $75,000 in 1917. The present surplus is $25,000, and the undivided profits amount to about $7,800. The bank's recent deposits were $420,- 000, while its resources and liabilities approxi- mate $800.000. The bank owns its building, which was erected in 1906, the present valuation of which is not less than $50,000.


THE STATE BANK OF NAUVOO


The State Bank of Nauvoo was organized in 1893. The permit to organize was granted to Robert Aitchison, Max Reimbold, Markus Schafer, August J. Beger, J. N. Datin and John B. Icking. The capital stock was $25,000. The first board of directors and officers were Max Reimbold, president, Ernest Heck, vice-presi- dent, Wm. Rupp, Jr., cashier, Robert Aitchi- son, John B. Icking, Thomas Powell and John Pitt.


This was Nauvoo's first bank. Prior to its organization the banking business was carried on principally through Max Reimbold, a mer- chant and through the banks at Ft. Madison and Keokuk, Iowa. The business was good from the very start. In 1907 the bank had an earned surplus of $75,000, at which time the bank was reorganized with a capital stock of $100,000. The original stockholders were paid back their original investment of $25,000 and were issued three shares for one of their original holdings and $25,000 was distributed among new stock-


holders, the bank now having nearly 200 stock- holders. The officers and directors of the new organization were J. M. Fisher, president ; James Webb, vice-president; W. J. Singleton, cashier ; E. J. Baxter, Rudolph Anton, A. J. Beger, John Pitt, George Baumert, Alexander Bolton, John W. Bertschi, A. W. Soland and Benj. Radel.


At the time of reorganization the deposits were $536,563.69, and have shown a continual growth, reaching at the present time over $1,- 000,000, and the surplus account again nears the $100,000 mark. A 6 per cent dividend is paid semi-annually to the stockholders. The present officers and directors are J. M. Fisher, presi- dent; James Webb, vice-president; W. J. Sin- gleton, vice-president; A. J. Schneider, cashier ; E. C. Fisher, assistant cashier, and directors : A. J. Beger, Rudolph Anton, Benj. Radel, E. J. Baxter, Win. C. Bolton, Wm. J. Dachroth, Geo. A. Foggy and J. W. Bertschi.


TRI-COUNTY STATE BANK OF PLYMOUTH


The Tri-County State Bank, of Plymouth, Illinois, one of the strong institutions of that place and represented by almost fifty of the best farmers and financial men of that community who constitute its list of stockholders, was the outgrowth of the private bank which, prior to the organization of the Tri-County State Bank, was owned and operated by Monk Brothers, beginning in 1894. Business men and farmers, under the leadership of S. S. Groves, a banker of considerable experience, purchased the bank- ing business of Monk Brothers, and organized a State Bank in lieu of the old bank, and it was duly incorporated on May 22, 1916.


Its first board of directors consisted of J. F. Foley, H. O. Whipple, S. S. Groves, Benton Ale- shire, Edward Huey, William Wintermeyer and James Meyers. The officers were : J. F. Foley, president ; H. O. Whipple, vice-president, and S. S. Groves, cashier. After the removal of Mr. Groves to Quincy, C. E. Carlin became cashier. On June 25, 1920, this bright and capable young man was drowned in Crooked Creek, and the vacancy in the office of cashier had not been filled at the time of the preparation of this paragraph.


At the time of the incorporation of this bank and the taking over of the assets of the private bank operated prior thereto by Monk Brothers,


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HISTORY OF HANCOCK COUNTY


the deposits amounted to a little more than $57,000, and by the close of the second year the same had been increased to upwards of $250,000, and at the present time are much in excess of those figures, the report of June 30, 1920, showing deposits of $280,543.88 and total re- sources of $314,098.69.


LA HARPE STATE BANK


This bank is the successor of the old La Harpe State Bank, which was organized in 1898, with $25,000 capital, under charter authorizing the bank to do business for twenty years. At the end of the twenty years (1918) the present La Harpe State Bank was organized, with a capital stock of $25,000, under charter authoriz- ing the bank to continue business for ninety- nine years. The old bank paid its stockholders $65,000 in dividends, and paid them $60,000 for the surrender of their stock at the time of the organization of the new bank.


The old bank was organized by W. B. Kaiser, who has been the cashier and manager through both organizations, and is still acting in that capacity. The directors have been practically the same through both organizations. The pres- ent directors are J. L. Bradfield, W. H. Myers, W. B. Kaiser, D. R. Burr, S. G. Miller, W. F. Bradfield and J. B. Campbell. The present offi- cers are J. L. Bradfield, president ; W. H. Myers, vice-president ; W. B. Kaiser, cashier, and A. J. Moore, assistant cashier.


According to report of the condition of the bank made on May 4, 1920, the deposits were $379,094.07. The same statement shows capital stock paid in $25,000, and surplus fund $35,000.


FIRST TRUST & SAVINGS BANK OF NAUVOO


The original of this bank was The Peoples State Bank, organized on May 2, 1901, which was succeeded by the First National Bank of Nauvoo on Sept. 2, 1907, and which, in turn, became The First Trust & Savings Bank of Nauvoo on March 1, 1919. The original bank was organized by the efforts of Joseph Nelson, Sr. Its presidents have been Joseph Nelson, Sr., T. M. Stevenson, M. P. Fulton and George W. Dachroth, Sr., and the cashiers have been Frank Yager, H. M. Gittings, Joseph Nelson, Fred Salm, Jr., and George Dachroth, Jr. The present officers of the bank are: George W. Dachroth, Sr., president; W. H. Thornber, vice-


president ; Fred Salm, Jr., second vice-presi- dent ; George Dachroth, Jr., cashier; and E. J. Dachroth, assistant cashier.


The original capital, which was $25,000, has been increased to $35,000. The surplus and un- divided profits are $15,000. Its recent deposits are approximately $600,000. The present re- sources and liabilities are $750,000.


This bank owns its building, which was erected in 1915 at a cost of $25,000.


STATE BANK OF WEST POINT


The State Bank of West Point was chartered as a State Bank on June 25, 1901, and opened its doors for business on July 1st of the same year. The first officers were: A. T. Graham, president, Constant Cacheux, vice-president, and J. L. Miller, cashier. The following named persons constituted the first board of directors : A. T. Graham, Constant Cacheux, C. P. Dadant, H. M. Elder, J. V. Manussier, J. R. Bryant and J. R. Beshears. The capital stock, paid in at par, was $25,000.00.


These officers of the bank were annually re- elected until 1911 when, upon the death of Con- stant Cacheux, J. R. Bryant was elected vice- president, which office he retained until his serv- ices were accepted in the World War in 1918, when he refused a re-election and George Cacheux, a son of our original vice-president, was elected to the office. Three of the original board of directors are still members: A. T. Gra- ham, H. M. Elder and C. P. Dadant. Two died while members of the board: Constant Cacheux in 1911, and J. R. Beshears in 1911.


In the nineteen years the institution has been in existence the capital has remained at $25,000, while the combined surplus and undivided profits are $15,000.00. The present officers are A. T. Graham, president; Geo. Cacheux, vice- president; J. L. Miller, cashier and Geo. C. Guthrie, assistant cashier. The present board of directors is A. T. Graham, Geo. Cacheux, C. P. Dadant, Chas. Meyersick, H. M. Elder, J. B. Gehin and J. L. Miller.


In 1901 they erected a substantial brick bank building.


DIME SAVINGS BANK OF CARTHAGE


The Dime Savings Bank was organized as a private bank in November, 1902, by O. F. Berry and M. P. Berry, and was named The Dime


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HISTORY OF HANCOCK COUNTY


Savings Bank of Sharp and Berry Brothers. This bank was largely an outgrowth of the Real Estate Loan Business of Sharp and Berry Broth- ers, which was conducted by the Berrys for several years after the death of Judge Thos. C. Sharp, who was a member of that firm.


The bank was conducted as a private institu- tion under that name until January, 1906, when it was reorganized as a State Bank, with a capi- tal of $50,000. O. F. Berry was elected presi- dent, and M. P. Berry, cashier, and they have served as such officers until the present time, and are still president and cashier of the bank.


The bank has always made a specialty of chil- dren's savings accounts, and has opened since its organization over 4,800 savings accounts, and carries at the present day, nearly $200,000 in such deposits. These are in addition to the gen- eral banking business and checking accounts.


The stockholders of this bank have always been Carthage people. The directors are prac- tically the same as those elected when the bank was first organized. They are the following : O. F. Berry, M. P. Berry, R. W. Saer, J. W. Lane, J. W. Shepherd, J. J. Welch, M. B. Reed, J. I. Hendricks and Murray W. Pennock.


L. E. Garvin was for several years vice-presi- dent of the bank, but on his removal to Cali- fornia, he resigned, and R. W. Saer was elected to that office, has held it ever since, and is now active in the management of the bank. At present, C. E. Hubbard is the assistant cashier, and O. L. Wood has charge of the Savings Department.


This bank has been largely instrumental in educating the people of the community, espe- cially the children, along the lines of thrift and saving, and at present in addition to its sav- ings accounts, does a general banking business. The bank has always been active in helping to build up the community, and has been liberal in the use of its funds along these lines.


In its last statement, the bank showed in deposits, $745,584.73, and its total footings were, $809,784.28. While only fourteen years of age, its wonderful growth indicates that its manage- ment has been satisfactory to the people and to its customers.


PEOPLES STATE BANK OF HAMILTON


This bank was organized on Jan. 5, 1903. The first board of directors consisted of Sullivan


Hanson, Daniel Hanson, H. S. Harrison, J. P. Guthrie, C. C. Safford, W. H. Jackson and R. Van Aernam. The first officers were Sullivan Hanson, president ; J. P. Guthrie, vice-president, and H. G. Williams, cashier. When Sullivan Hanson died, his son, E. L. Hanson, was elected to fill the vacancy and still holds that position. Three of the original board of directors are dead, Sullivan Hanson, Daniel Hanson and C. C. Safford.


The present officers are E. L. Hanson, presi- dent; J. P. Guthrie, vice-president; H. G. Wil- liams, cashier, and G. S. Reese, assistant cash- ier. These are also directors, the other members of the board being W. H. Jackson, J. W. Wil- liams and H. H. Williams.


The bank has had continuous growth. Its deposits on Jan. 5, 1920, amounted to $292,- 744.99. The bank owns its building, with modern equipment. The capital is $25,000. This bank has actively participated in advancing the interests of the community, and has fully met all government obligations.


FIRST TRUST & SAVINGS BANK OF AUGUSTA


The First Trust & Savings Bank of Augusta was organized as the Farmers State Bank in March, 1903, and was reorganized as the First Trust & Savings Bank the latter part of 1912. The first officers of the bank were David P. Coffman, president; H. F. J. Ricker, vice-presi- dent; Sterling P. Lemmon, cashier, and Frances Trank, assistant cashier. The directors were David P. Coffman, H. F. J. Ricker, C. L. Bes- sell, Charles A. Lyon, A. W. O'Harra, James M. Garwood and Sterling P. Lemmon. Of these, Mr. Garwood, Mr. Ricker and Mr. Bessell are dead. Mr. Coffman is still the president of the bank and Mr. Lemmon is still the cashier. The present officers are as follows: David P. Coff- man, president ; W. O. Farlow and Otis E. Lem-' mon, vice-presidents, Sterling P. Lemmon, cash- ier, and A. E. Estes and Effie Estes, assistant cashiers. The present directors are David P. Coffman, W. O. Farlow; Otis E. Lemmon, Wil- liam Golm, Marshall E. Randall and Sterling P. Lemmon.


The capital stock is $30,000, and the surplus and undivided profits amount to $15,000. The bank has enjoyed a good business from the day it was opened, and has never met with losses or reverses worth mentioning. It is on the gov-


Munsell Pub Co


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HISTORY OF HANCOCK COUNTY


ernment's roll of honor for having done its full part in financing the great world war.


STATE BANK OF BURNSIDE


On June 27, 1903, the auditor gave permission to Stephen D. Stoner, Edgar P. Hull, Robert C. Gibson and John H. Pettit to organize a bank or banking association at Burnside, to be known as the State Bank of Burnside, with a capital stock of $25,000, consisting of 250 shares of $100 each. The bank commenced business on Jan. 9, 1904. Originally there were seventy-three stock- holders. There are thirty-four stockholders at the present time. The first directors were John T. Duffy, Stephen D. Stoner, J. H. Pettit, Sam- uel Smith, Robert C. Gibson, A. J. Harris and John P. Byler. The first president was Stephen D. Stoner, who continued to act as president until Jan. 1, 1914, when he resigned, and W. J. Singleton became president. A. J. Harris was the first vice-president.


The succession of cashiers has been as fol- lows: Frank A. Strickler from Jan. 1, 1904, to Jan. 1, 190S; G. A. Volle of Mt. Pulaski, Illinois, from Jan. 6, 190S, for about a year, when he resigned to accept a better position, whereupon Frank A. Strickler again became cashier and continued as such until Nov., 1912; from the latter date until Jan. 1, 1914, Frank O. Alshouse was cashier, followed by Robert H. Wilson from Jan. 1, 1914, until F. J. Reu be- came cashier and assumed the active manage- ment of the bank on Jan. 1, 1919. Under the supervision of Mr. Wilson the bank is said to have made a wonderful record. During the existence of the bank, the assistant cashiers have been as follows : Claude R. Thomas, James F. Aiken, A. C. Hanson, Harold Moore, Roy Wilson, and Lessie Felgar.


The present officers of the bank are W. J. Singleton, president, J. H. Pettit, vice-president, F. J. Reu, cashier, and Lessie Felgar, assistant cashier. The directors are W. J. Singleton, George W. Singleton, Samuel Smith, W. F. Pet- tit, W. S. Black, N. M. Thompson and J. H. Pettit.


On Feb. 28, 1920, the capital stock and surplus aggregated $50,000, the undivided profits were $2,681.86 and the deposits were $272,282.58. When the surplus was increased, on Jan. 1, 1919, to $25,000, then equivalent to the capital stock, the bank became a Roll of Honor bank.


FARMERS STATE BANK OF FERRIS


The Farmers State Bank of Ferris was or- ganized January 31, 1905, with a capital stock of $25,000, which amount was taken by about forty stockholders, consisting of farmers and merchants of the community.


The first officers were: W. O. Kunkel, presi- dent; M. J. Ruger, vice-president ; J. W. Rich- ards, cashier ; and F. N. Casburn, assistant cashier.


The first board of directors was as follows : W. O. Kunkel, M. J. Ruger, Wm. Bolton, Robert Baird, A. O. Behnke, Charles Abbott and Wm. Griffiths.


At the time of organization the Farmers State Bank purchased the business of a private bank known as the Farmers Standard Bank, which was organized in 1903, by W. O. Kunkel, Robert Baird and J. W. Richards. J. W. Richards served as cashier of the Farmers State Bank for one year and then resigned, and F. N. Casburn was employed as cashier at that time and has served as that official for fifteen years. C. E. Hubbard was at that time employed as as- sistant cashier and served for ten years, and resigned to accept the position of assistant cash- ier of the Dime Savings Bank at Carthage. W. E. Thompson was elected assistant cashier to fill the vacancy arising from the resignation of C. E. Hubbard, and is still employed in that posi-, tion. May Abbott has been employed as book- keeper since 1918. In the year 1910, W. O. Kunkel sold his bank stock to W. J. Singleton, who is now president of the bank and has been since that time.


The present officers and directors are as fol- lows: W. J. Singleton, president ; Robert Baird, vice-president; F. N. Casburn, cashier ; W. E. Thompson, assistant cashier ; and May Abbott, bookkeeper. The present directors are: W. J. Singleton, Robert Baird, Wm. Ruger, Wm. Grif- fiths, Samuel Smith, Thomas Singleton and Wil- liam Bolton.


The resources of the bank at this time are approximately $500,000. The bank lias paid its stockholders sixteen dividends since its or- ganization, and is paying them at the present time twelve per-cent annually. In addition to paying the dividends the bank has earned a sur- plus and undivided profits of over $25,000, which gives the bank the position of a "Roll of Honor Bank" among the banks of the state.


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HISTORY OF HANCOCK COUNTY


FARMERS STATE BANK OF DALLAS CITY


The institution was established at Dallas City by Rolla Babcock, July 5, 1904. It had for its original officers: president, Dr. P. E. Walters ; vice-presidents, J. M. Lionberger and James Babcock; cashier, Rolla Babcock. Its presidents have been as follows: Dr. P. E. Walter, C. A. Eckles and J. U. Vaughn. The cashiers have been Rolla Babcock and S. G. Rowe. The offi- cers of the bank are: J. U. Vaughn, president ; James Babcock and C. A. Eckles, vice-presi- dents; S. G. Rowe, cashier ; and J. A. Schoeppel, assistant cashier.




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