Annals of Cleveland, 1818-1935, Part 4

Author: United States. Work Projects Administration (Ohio); Cleveland Public Library. cn
Publication date: 1818
Publisher: Cleveland, Ohio : Cleveland W.P.A. Project; distributed by the Cleveland Public Library
Number of Pages: 494


USA > Ohio > Cuyahoga County > Cleveland > Annals of Cleveland, 1818-1935 > Part 4


Note: The text from this book was generated using artificial intelligence so there may be some errors. The full pages can be found on Archive.org (link on the Part 1 page).


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138 . H June 9:3/1 - The STATE JOURNAL contains the proclamation of the governor, giving a list of names of the companies that have complied with the new banking laws, among which is the City bank of Cleveland. (3)


139 - H July 1:3/1 . The City Bank of Cleveland, R. Sheldon, President; T. C. Severance, Cashier; commenced business today. The notes of the Bank for circulation have not yet been received from the State Treasurer, but are expected in a few days.


We also learn that another Bank is about being organized as a Branch of the State Bank of Ohio, with a capital of $100,000, and will soon be in operation.


The Board of Control will probably be organized next week at Columbus, as the requisite number of branches are already formed. - The notes will be ordered at once, but cannot be ready for issue for some thirty or forty days. (verbatim) (2)


140 - H July 2:3/1 - A branch of the State Bank of Ohio, under the name of "The Merchants Bank of Cleveland, " have completed its organization with a capital of $100,000. Its directors and officers have been chosen. The directors are: Peter M. Weddell, S. J. Andrews, Prentis Dow, H. P. Weddell, Harvey Price. The officers are: P. M. Weddell, President; Prentis Dow, cashier. The bank will be ready for all active business, except the issue of notes, as soon as the governor issues his proclama- tion. (3)


26


CLEVELAND NEWSPAPER DIGEST JAN. 1 TO DEC. 31, 1845


Abstracts 141 - 146


BANKS & BANKING (Cont'd) 141 - H July 7:2/5 - Commercial Bank of Lake Erie. Notice is hereby given that under the provisions of law, and in conformity with a decree of the court of common pleas of Cuyahoga co., made on the 22d day of No. vember, A. D. 1844, all the remaining property and assets of the Commer- cial Bank of Lake Erie, have been transferred to the Trustee of the Stock. holders of said Bank, and that Joseph S. Lake, of Cleveland has entered into Bond with surety approved by said court, conditioned to pay all the liabilities of said Bank which had not then been presented and which should be presented for payment within five years, from and after said 22d day of November, 1844.


As the laws of Ohio make no provision for the payment of the liabil- ities above referred to, after the expiration of five years, all bills of said bank, not presented within this period to said Lake, will be of no value. T. P. Handy, H. B. Payne, D. Baldwin, Late Special Com'ssrs. (verbatim)


(2)


142 - H July 7:3/1 - Commercial Bank of Lake Erie. - We understand the affairs of this Bank are now fully closed, and a distribution of its assets bas been made to the stockholders of nearly sixty cents on the dollar.


The liabilities of the Bank, not paid by the Special Commissioners, have been assumed by J. S. Lake, a notice of which will be found in our advertising columns today. (verbatim) (1)


143 - H July 7:3/1 - The State Bank Of Ohio. The Board of Bank Commis. sioners have given notice to the different branches of the State Bank, that nine banking companies have been duly organized as branches, and that the Board of Controls is required to meet at Columbus on the 15th inst. (verbatim)


(1)


144 - H July 8; adv: 2/4 . Merchants' Bank of Cleveland. This Bank is now ready to buy and sell Exchange, receive Deposits, and discount ap- proved bills drawn on the eastern cities.


Office Hours - 9 to 12, A.M., 2 to 6 P.M. P. M. Weddell, President; Prentis Dow, Cashier. (verbatim) (1)


145 - H Aug. 2; ed: 2/1 . We have noticed for a week in the leading Hard papers of the state, a systematic attempt to cry down the bank of Wooster and create a panic, if possible, before the October elections. "This effort of destruction is in perfect keeping with the principles and the actions of the 'Hard' portion of the Democratic party. They would de. stroy the prosperity of the State, and take thousands from the pockets of honest industry, in order to gain a party triumph, and give place to some few reckless and unprincipled demagogues."


(3)


146 - H Aug. 6; ed: 2/1 - The quarterly statement of the Bank of Wooster is published in our advertising columns, and we refer to it as exhibit- ing a sound and safe condition of the institution. It will be seen that


27


CLEVELAND NEWSPAPER DIGEST JAN. 1 TO DEC. 31, 1845


Abstracts 147 - 149


BANKS & BANKING (Cont'd) while the circulation of the bank has been diminished $100,000 during the past three months, it has been withdrawn in the regular course of business, and has caused no run on the bank, notwithstanding the base efforts of the Hard Locofoco press of the state to get up a panic against the bank, for political purposes.


"The people of Ohio bave learned the demagogues after many dear- bought lessons of experience."


(3)


147 - H Aug. 7; ed: 3/1 - According to the Detroit FREE PRESS, the chan- cellor gave this decision in the case of Lyell versus The F. & M. bank of Detroit: That the bank forfeited its charter when it established an agency at Chicago, and that it be placed in the hands of a receiver.


"If there is no appeal, this decision, we suppose, will be final; our opinion however is that the end is not yet. If this decree is final Michigan courts are more summary than any chancery proceedings we ever heard of."


(7)


148 - H Aug. 14; ed:2/1 - Medary was backed out of the Ohio STATESMAN for the good of the party, but the new editor is not warm in his seat before a furious war breaks out between his sheet and the Cincinnati ENQUIRER about the Wooster bank. Hazewell says: "When we have used banks and abused them . when we have availed ourselves of their failure to swindle the hard-working democracy of the land out of three-quarters of their small earnings, and then set up a reformer because we can no longer make the conservation of rascality a matter of interest, - then, and not till then, can we permit the editor of the ENQUIRER to endorse a calumny which only a knave could have invented, and no one but a fool have believed."


"Lay it on, Mr. STATESMAN. If you tell one half the truth about these democratic editors, you must go at it without delay: one life is short enough in all conscience to give them their dues."


(9)


H Aug. 15; ed: 2/1 . See Political Campaigns & Elections - Ohio


149 - H Aug. 23; ed: 2/1,2 - The writer of money articles for the New York NEWS is virulently assailing the credit of Ohio, and striving to write down the stocks of our state. In the NEWS of Aug. 14 he advises: "A stock so situated, cannot be a good security for banking, or for Gov- ernment financial operations." His reasons: That there are several millions of Ohio securities on sale everywhere; that Ohio banks and gentlemen, erroneously termed "of Wall street," are the chief purchasers; that all Ohio stock sold in Europe has been returned on the market and sold; and that the same parties have taken all issues of Ohio stock since 1825. All this has since been explained away and disproved by Elisba Whittlesey of this state.


"That paper is doubtless in the pay of a knot of destructives at Co- lumbus, a set of political demagogues who seek to bring the new Banking system of Ohio into disrepute by depreciating the State Stocks-which form a portion of the security to bill-holders."


(16)


28


CLEVELAND NEWSPAPER DIGEST JAN. 1 TO DEC. 31, 1845


Abstracts 150 - 154


BANKS & BANKING (Cont'd)


150 - H Aug. 23; ed: 2/1 - The efforts of some of the Hard editors of the state to impair the standing of the Bank of Wooster are of the basest character. On August 19 Ellis, publisher of the Hard paper at Mt. Vernon, started the rumor that there was a panic in Cleveland and Wooster in consequence of the failing of the bank."


"Now the facts are, that there was no excitement here or at Wooster, nor any run on the Bank .... This last slander was coined in the pro- lific mint of the hards, and is bogus of the most criminal alloy." (4)


151 - H Aug. 28; ed:2/2 . The clamor of the Hards has been heard at Washington and graciously regarded. The Washington UNION of Aug. 21 announces the secretary of the treasury will soon remove the public monies deposited in the Bank of Wooster.


"Was ever such a vacillating, child's play course before exhibited? Party feuds are avowed as a reason for the course, and the Government under Mr. Polk becomes a mere party subservient."


(6)


152 - H Sept. 2; ed: 3/1 . Our citizens have been pained to note the New York MORNING NEWS' attack on our state credit, and it now turns out that ex-governor T. W. Bartley, now district attorney for Ohio, is the instigator of these stock-gambler assaults on Ohio securities. It is part of the destructive campaign against the new Ohio banking system. To cap the climax of this party outrage, the Ohio STATESMAN endorses these assaults. "Is it possible that repudiation forms any part of the motives of the party leaders in their insane war on State credit?" (7)


153 - H Sept. 6; ed:2/2 - The bold, ultra-reckless leaders of Locofocoism at Hamilton county have compounded a creed which outlaws paper money, demands payment of state debts in coin, denounces the state banking sys- tem, and sponsors the cancellation of all future transactions in paper money. The creed has been incorporated into that county's Locofoco convention proceedings.


"Here we have the Hard platform in its length and breadth, and the last step of the progressives it will be seen is to call for 'the Leg- islative and Judicial invalidation of all future transactions in paper money. ' This would doubtless be a very convenient get-off for some at least of the Hamilton county Hards, for the Broughs, we learn, are even now laboring to cancel their past 'transactions in paper money' at 50 cents on the dollar!


"We hope those of the party who have a semblance of conservation left, will note attentively the above resolutions, and see the strides the leaders of the Democracy of Ohio expect them to make. Perhaps they have learned ere this, that it takes 'seven leagued boots' to 'follow in the footsteps' of the destructives, but we will venture that not a single Democratic Convention in Ohio will dare to break from the lead." (14)


154 - H Sept. 10; ed:2/1 - The Hamilton county Locofocos, in convention, propose to repeal the bank law of Ohio and thus ruin state credit. They


29


CLEVELAND NEWSPAPER DIGEST JAN. 1 TO DEC. 31, 1845


Abstracts 155 - 156


BANKS & BANKING (Cont'd)


also propose to refuse to enforce contracts unless payable in gold and silver, because it is invidious and partial to give credit to the few rich men's promises to pay, and not give currency to the promises of the great mass who are poor.


Derange, unsettle, and destroy the settled policies of the government and the recognized business methods and institutions of the country! that is the end to which these Locofoco reformers work.


"A few years hence, the announcement of such principles as are em- bodied in these resolutions would have caused the authors thereof, and the party adopting them, to be regarded as political incendiaries; yet in these later days of progression, such radical and disorganizing doc- trines have become the cherished sentiments of the Locofoco leaders, and sanctioned and approved by their party press and congregated masses."


This "bank reform" cry of the Locos is little better than their lon ~. humbugged "gold and silver" agitation, condemned recently by the people. They find an unenviable notoriety in pulling down systems and institu- tions, never in building them up.


And this is to be the issue . let it be distinctly understood. Shall our taxes be collected in gold and silver? Shall the use of all bank paper be repudiated, and our courts declare void all contracts and trans- actions to be fulfilled in bank paper? Shall we hasten on such "a gold age?"


"There should be action, constant and efficient action by the Whigs, and those of the other party who desire a settled policy . a time of steady and quiet business prosperity - who would preserve their own hard earnings, and hope for the future well-being of themselves and those who will come after - yes, all such citizens, be they Whigs or otherwise, will promptly and forever condemn such doctrines and designs."


(20)


155 - H Sept. 13; ed:3/1 - General David Dial, nominated by the ultra- Locofocos in Clermont county for the house of representatives, endorses the repeal of the Whig banking policy, and denounces the banking law of last winter, arguing that the stock invested under that law was compara- tively exempt from taxation, while capital, especially that of the farmer, had to bear the burden of taxation.


"It is one of the main objections, on the stump, to the banking law of last winter, that it exempts bank stock from taxation! This is en- tirely false, and known to be so by the ultras; but that makes no dif- ference with them, if they can gull the people with the falsehood." As a matter of fact, bank stock is charged more tax than any other in- vestment of capital, for under the law, banks are required to pay a tax of six per cent on net profits every half-year period. (9)


156 - H Sept. 16:2/4 - City Bank of Cleveland. The Stockholders of this Bank are notified that an installment of ten per cent. upon the Capital Stock is required to be paid at their Banking House on or before the 1st day of October next. By order of the Board. T. C. Severance, Cashier. (verbatim)


(1)


30


CLEVELAND NEWSPAPER DIGEST JAN. 1 TO DEC. 31, 1845


Abstracts 157 - 163


BANKS & BANKING (Cont'd) 157 - H Sept. 25; ed:2/1 - There seems to be a radical variance of opin- ion and practice among the Locofoco party upon the subject of banking. The Hards go for an exclusive metallic currency and repeal of all bank laws. The Softs dare not make an honest and public avowal of their opin- ions about banking.


Now the difference between the Softs of Lake and the Softs of Cuyahoga county, is this: In Lake county they resolve that they are in favor of a safe and sound system of banking, while in Cuyahoga county they resolve that they condemn the present bank law, and go for its repeal, and cau- tiously refrain saying anything in favor of any kind of banking or bank paper. "This is consistency with a vengeance - and such softness will not 'pull the wool over the eyes' of the Hards." (13)


158 - H Oct. 4; ed:3/3 - Under the old Bartley bank law, Dayton's Loco- focos could not establish a bank without a great deal of red tape; now, under the guidance of Whig banking laws, there are two thriving banks in that city. Still, the Locos clamor for the destruction of the Whig laws and the re-instatement of Bartley's humbug.


"This is Locofoco consistency!" (2)


159 - H Nov. 26; adv: 2/5 - Commercial Bank of Cleveland - This Bank having complied with the requisitions of the law, is now fully organized and prepared to commence its business as a Branch of the State Bank of Ohio. W. A. Otis, President. T. P. Handy, Cashier. (verbatim) (1)


160 - H Dec. 10:2/4 - The stockholders of the City Bank of Cleveland have been notified that an installm nt of ten per cent. on the capital stock is required to be paid on or before Jan. 1.


(1)


161 - H Dec. 23:2/4 - City Bank, Dec. 22, 1845. The Stockholders of this Bank, are hereby notified that a meeting will be held at their Bank- ing House on Monday, Jan. 7th, at 7 o'clock. P.M., for the election of Directors for the ensuing year. T. C. Severance, Cashier. (verbatim)


(1)


162 - H Dec. 27:2/4 - Commercial Branch Bank. An Election of Directors for this Bank will be held at its Banking-Office on Monday, the 5th day of January next, at 12 o'clock, M. T. P. Handy, Cashier. (verbatim)


(1)


See also Money; Political Parties; Politics & Government · Ohio (Finance)


BARBERS


163 - H Jan. 3; adv: 4/7 - Wills & George Smith, Barbers and Fashionable Hair Cutters, have, for the present removed their establishment from their former place to the room directly over the Hat Store of Messrs. Scribner, Cary & Co., Up Stairs. The room is light and comfortable. (1)


31


CLEVELAND NEWSPAPER DIGEST JAN. 1 TO DEC. 31, 1845


Abstracts 164 - 172


BARBERS (Cont'd)


1.4 - H Nov. 19; adv: 2/5 . Shaving 'Um! David Wills, Hair Cutter and Barber, is now holding forth with Messrs. Smith & Stevens, under the Franklin House, where he will remain through the winter. (1)


BOOKS & AUTHORS


165 - H Jan. 23; adv: 2/4 . THE HISTORY OF A FLIRT, by the author of the WILFULNESS OF WOMAN; PHELIM O'TOOLE'S COURTSHIP, by Wm. Carleton, author of TRAITS AND STORIES OF THE IRISH PEASANTRY; Johnson's LECTURES on the applications of Chemistry and Geology to Agriculture, Part IV, on the products of the soil, and their use in the feeding of Animals, for sale by M. C. Younglove. (verbatim) (1)


166 . H May 22:2/2 - In a letter to the editor, "One Of Em" says: 1 have been favored with a circular enclosing a copy of the Sheldon Mag- azine. By the prospectus I learn that the Rev. Henry Olcott Sheldon has been engaged four years in collecting a genealogical, biographical, and historical account of the Sheldons in America, and that the work is to be published in 12 parts, at three dollars in advance.


"A work of this sort cannot fail to be peculiarly gratifying to the Family, and exceedingly amusing to the public generally; indeed, I have never known a forthcoming literary work that seemed to be antici - pated with such universal gratification." (7)


167 - H July 1; adv: 3/6 - LOVE & DUTY - a novel by the author of MOUNT SOREL; Dr. Lardner's LECTURES, No. 4; SYBIL OR THE TWO NATIONS, written by D. D'Israeli, Esq., for sale by M. C. Younglove. (1)


168 - H July 1; adv: 3/7 - THE SMUGGLER is a tale, by G. P. R. James, Esq., author of ARRAH NEIL, ROSE D'ALBERT, etc., just rec'd by M. C. Younglove. (1)


169 - Il July 1; adv: 4/2 - THE AMERICAN POULTERERS' COMPANION, by C. M. Bement, for sale by M. C. Younglove.


H July 1; adv: 3/4 . See Drugs & Druggists (1)


170 - H July 1; adv: 4/4 - PHILOSOPHY OF THE PLAN OF SALVATION is a book for the times, written by an American citizen. For sale by M. C. Younglove. (1)


171 - H July 1; adv: 4/5 - Thier's CONSULATE AND EMPIRE UNDER NAPOLEON, parts 1, 2, and 3; MEMOIRS OF THE REV. GEORGE BEECHER, by Catharine Beecher; PRINCIPLES OF THE INTERIOR OR HIDDEN LIFE, by Thomas C. Upham, for sale by M. C. Younglove. (1)


172 - H July 2; adv: 3/5 · CLATER ON DISEASES OF HORSES, by Skinner; also Clater and Youatt's CATTLE DOCTOR, for sale by M. C. Younglove. (verbatim) (1)


32


CLEVELAND NEWSPAPER DIGEST JAN. 1 TO DEC. 31, 1845


Abstracts 173 · 180


BOOKS & AUTHORS (Cont'd)


173 - H July 2; adv: 4/6 - WEBSTER'S AMERICAN DICTIONARY 2 VOLS. PRICE REDUCED TO $10.50.


This edition contains a supplement of several thousand words by the au- thor, now only published since his decease. Just rec'd and for sale by R. Redington. (verbatim)


(1)


174 - H July 3; adv: 2/5 - M. C. Younglove offers the following books: THE NEVILLES OF GARRETSTOWN by the author of HENRY LORRINGNER; MONTEZUMA THE SERF by Professor Ingrabam.


(1)


175 - H July 3; adv: 2/7 - Irving etc., THE KNICKERBOCKER SKETCH BOOK, edited by Lewis Gaylord Clarke; Cooper's new work, SATANSTOE OR THE LITTLEPAGE MANUSCRIPTS, a tale of the Colony, by the author of the PATHFINDER, etc., just rec'd and for sale by M. C. Younglove. (1)


176 . H July 3; adv: 3/4 - HARPER'S PICTORIAL BIBLE, No. 30, just rec'd., PARLEY'S CABINET- LIBRARY, complete. Comprising ancient and modern Biography, History, Nature, Arts, Science, Philosophy, &c. in 20 vols., each work sold separately for sale by M. C. Younglove. (1)


177 - H July 5:2/2 - In a letter to the editor, S.L.C. Aiken of Cleve- land says: I have just risen from the perusal of a little volume re- cently received at the bookstore of M. C. Younglove, and, without his request or knowledge, beg leave to commend it to the notice of your readers. It is entitled BIOGRAPHICAL MEMOIRS OF THE REV. GEORGE BEECHER, late pastor of a church in Chillicothe, O., written by Miss Catharine Beecher. It contains a brief sketch of his early life, let- ters, essa s, and sermons, which are well arranged, interspersed with re- marks and reflections by the compiler, and elegantly written in her neat, clear, and animated style.


"The subject of these memoirs died young, but he lived long enough to furnish materials for a very useful and interesting biography." (6)


178 . H July 5; adv: 2/6 - MODERN BRITISH ESSAYISTS - The writings of Macauley, Alison, Sidney Smith, and Professor Wilson, for sale by M. C. Younglove. (1)


179 - H July 5; adv: 2/5 - FANNY CAMPBELL, THE FEMALE PIRATE CAPTAIN, by Lieutenant Murray, just rec'd by M. C. Younglove. (verbatim) (1)


180 - H July 21; ed:2/1 - The publication just issued, THE FRUIT AND FRUIT TREES OF AMERICA, by A. J. Downing, contains descriptions of the fruits of America, with directions for the cultivation of the trees, the most certiin means of preventing the bad effects of insects, etcetra. "Every man having twenty square feet of ground on which he desires to grow any variety of fruit, will find the possession of this book will amply repay him for the purchase."


(4)


33


CLEVELAND NEWSPAPER DIGEST JAN. 1 TO DEC. 31, 1845


Abstracts 181 - 188


BOOKS & AUTHORS (Cont'd) 181 - H Aug. 1:3/1 - EXPLORING EXPEDITION . Mr. Younglove has received this great National work complete in five volumes, and five of more in- terest and intrinsic value have never been issued by the prolific press of this country. The Narrative of Commander Wilkes embraces a very large amount of rare historical and descriptive information, obtained during the five years' cruise of the U. S. Exploring Expedition, and the work is illustrated with numerous engravings and maps. The work is beautifully printed, and should find a place in every Library. · (verbatim) (2)


182 - H Sept. 25; adv:2/4 - THE LOVE MATCH, by Henry Cochton Esq., the complete work for sale by M. C. Younglove.


(1)


183 - H Oct. 6; ed:3/1 - "MACKENZIE'S BOOK. . This rare and rich work can now be obtained at Mr. Younglove's. We learn from New York that its sale there has been stopped by injunction, and the probability is that the number of copies to be obtained will be quite limited. It is the book of the season, and all good Whig judges pronounce it the 'best thing they have seen.' Van Burenism and Old Hunkerism stand out in naked deformity on every page, and all who read the book will think with B. F. Butler that there has been great 'want of stated preaching' in the party as far back as the correspondence goes at least." (2)


184 - H Oct. 24; ed:3/1 - Booksellers here are selling a pamphlet just off the New York press purporting to be a secret history of the per- fidies, intrigues, and corruptions of the Tyler dynasty, with the mys- teries of Washington city connected with that vile administration. It is a series of letters to the former acting president, by one most famil- iar with the subject.


"We opine, however, that the people have had such a surfeit of the public 'Tyler Dynasty' that the 'Secret History, ' like the nostrums of quacks, will have to be 'well shaken before taken. (3)


185 . H Nov. 3; adv:2/5 - THE GROVES OF BLARNEY, by Mrs. J. C. Hall, also, PHIL PURCEL, AND OTHER TALES OF IRELAND, just rec'd, M. C. Younglove. (verbatim) (1)


186 - H Dec. 3:3/1 - Oregon. - If you wish to know anything of the Far West, read Captain Fremont's NARRATIVE, to be had at Younglove's. Price 25 cents. (verbatim) (1)


See also Bookstores & Stationers; Schools & Seminaries - Textbooks


BOOKSTORES & STATIONERS


187 - H Jan. 3; adv: 1/1 - Sanfo d & Hayward, wholesale and retail Deal - ers in Books and Stationery, No. 17, Superior street. (verbatim) (1)


1 8 - H Jan. 3; adv:1/1 - M. C. Younglove, Bookseller, Stationer & Binder, No. 3 Kellogg's Block, Superior street. (verbatim) (1)


34


CLEVELAND NEWSPAPER DIGEST JAN. 1 TO DEC. 31, 1845


Abstracts 189 - 194


BOOKSTORES & STATIONERY (Cont'd)


189 - H Oct. 8; adv:2/5 - New Bookstore. 55 Superior-St. 2d door East of J. S. Lake & Co. 's Banking Office. W. H. Smith will, on about the 20th of this month, when his stock arrives from New York, commence the sale of Medical, School, Religious, and Miscellaneous books, and staples and fancy stationery. (2)


190 - H Sept. 18; adv:2/5 - Blank Notes, Drafts, Checks, Warehouse Re- ceipts, &c. printed in the latest style, and on the best of paper, for sale by M. C. Younglove. (verbatim) (1)


191 - H Nov. 3; adv: 2/5 - Maynard & Noye's Black Writing Ink, a good supply on hand, for sale by M. C. Younglove.


(1)


See also Books & Authors


BRASS & COPPER


192 - H Apr. 5; ed:3/1 - Lake Superior copper. "The valuable Lake Superior minerals will begin to yield their rich tribute the present season, and the prediction is ventured that ere long the Copper of the world will be mainly supplied from the Mineral regions washed by the Father of Lakes."


At present the ALGONQUIN, taken from this port and at great labor and expense conveyed around the Sault St. Marie and launched upon Lake Superior several years ago by the Cleveland Company of which Mendenhall was the Master spirit, is now the only American Vessel afloat on that lake. Additional vessels will be put in service on Lake Superior this season.




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