5B5@1C@3 2 @CAA:>9 :;0AA8G5A:>9 ?>M788
@0AC9AO, 3@04 5B@>2, 8 AB>9 5:>;518<> :0: >AA8O...
.!.CH:8=
5B5@1C@3 ?@8BO38205B : A515 2=8<0=85 A2>59 C4828B5;L=>9 8AB>@859. 5A><=5==>, MB>B 3>@>4 83@05B >A>1CN @>;L 2 @CAA:>9 :C;LBC@5. >MBK 2A5340 >G5=L B>=:> GC2AB2>20;8 =5>1KG=>ABL 5B5@1C@30. > 2A5 2@5<5=0 ?@5645 2A53> ?>MBK ?KB0;8AL 70?5G0B;5BL O@:85 45B0;8 2=5H=53> >1;8:0 3>@>40 8 53> 2=CB@5==59 =5?@>AB>9 ACB8. ! A0<>3> <><5=B0 A2>53> 2>7=8:=>25=8O 5B5@1C@3 AB0; 2>A?@8=8<0BLAO =5 B>;L:> :0: :>=:@5B=K9 3>@>4, =>20O AB>;8F0, => 8 :0: A8<2>; =>2>9 >AA88, A8<2>; 55 1C4CI53>.
AB8E0E ?>MB>2 XIII 25:0 2 04@5A A;02=>3> 3>@>40 @0740NBAO 2>73;0AK C482;5=8O 8 2>AB>@30.
@8OB=K9 1@53! N157=0O AB@0=0!
45 A2>9 520 ?>B>: AB@5<8B : ?CG8=5.
! @5645 451@L, A5 :>;L =0A5;5=0!
K 3@04 2 B515 ?@5AB>;L=K9 2848< =K=5.
"0: ?8H5B > =>2>9 AB>;8F5 0A8;89 "@5480:>2A:89. AB8E0E 0=B5<8@0, ><>=>A>20, 5@6028=0 8 4@C38E ?>MB>2 B>9 ?>@K 1@>A05BAO 2 3;070 G0AB>5 C?><8=0=85 0=B8G=KE 1>3>2 8 35@>52. >MBK AB@54G5@:=CBL GC45A=K9 E0@0:B5@ ?>O2;5=8O =>2>3> @CAA:>3> 3>@>40, 254L >= 2>7=8: =0 1>;>B5, 2 3815;L=>< <5AB5 8 ?@8 MB>< 2>7=8: 24@C3. @0240, 2 ?>M788 XIII 25:0 =5 ?@8=OB> 1K;> 2A?><8=0BL > G5;>25G5A:8E 687=OE, :>B>@K<8 ?@8H;>AL >?;0B8BL MB> =52A:>5 GC4>. > 2 ?04=>9 68;0 AB@0H=0O ?@0240 > 65@B20E 5B5@1C@30. "0: 2 CAB=>< =0@>4=>< ?@540=L5 70@>48;AO <>B82 28=K 5B5@1C@30 8 53> >A=>20B5;O, <>B82 1C4CI59 3815;8 ?@>:;OB>3> 3>@>40, AB>;8FK, ?>AB@>5==>9 =0 :>ABOE. -B><>B82C AC645=0 1K;0 4>;30O 687=L 2 @CAA:>9 ;8B5@0BC@5 8 2 8A:CAAB25 2 F5;><. >:0 65 AB8E>B2>@FK A;02>A;>2OB 5B5@1C@3 8 53> >A=>20B5;O, 8
@0 5B@0.
2>B ?@>H;> AB> ;5B A> 4=O >A=>20=8O 5B5@1C@30. @><:0O @8B>@8:0 8 2>AB>@38 ?>AB5?5==> CE>4OB 87 @CAA:>9 ?>M788. AB8E0E =0G0;0 XIX 25:0 48< A:>@55 2K@065=85 ;8G=>9 A8
MB 0BNH:>2 2>A?@8=8<05B 53> :0: ?@>872545=85 8A:CAAB20, O75 8<5==> 745AL ?@>87>H5; N=KE @CAA:8E 3@04 @CAA:8<8 D8=0<8.
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
420 70AB02C 5B@>3@040
525F C=K;K9 <8=>20;,
0: @0740;0AL 2 4CH5 >B@040,
O 4KH0BL A2>1>4=59 AB0;,
0: 1C4B> 2K@20;AO 87 040...
(02=> <=5 A5@4F5 3>2>@8;>..., 1821)
CH:8=A:89 5B5@1C@3 >B;8G05BAO ?@>B82>@5G82>ABLN, 42>9AB25==>ABLN 2K7K205< GC2AB2:
>@>4 ?KH=K9, 3>@>4 154=K9,
CE =52>;8, AB@>9=K9 284,
!2>4 =515A 75;5=>-1;54=K9,
!:C:0, E>;>4 8 3@0=8B...
>;55 G5< 25:>20O 8AB>@8O 5B5@1C@30 >B@065=0 2 ?>M<5 .!.CH:8=0 54=K9 2A04=8:. -B> >4=> 87 A0G=KE ?@>872545=89 @CAA:>9 ;8B5@0BC@K. !0<>@>4C 2 MB>9 ?>M<5 ?>A2OI5=K 2A5< 8725AB=K5, 35=80;L=K5 AB@>:8:
N1;N B51O, 5B@0 B2>@5=L5,
N1;N B2>9 AB@>389, AB@>9=K9 284,
52K 45@602=>5 B5G5=L5,
5@53>2>9 55 3@0=8B,
"2>8E >3@04 C7>@ GC3C==K9,
"2>8E 704CG59
@>7@0G=K9 AC<@0:, 1;5A: 157;C==K9,
>340 O 2 :><=0B5 <>59
8HC, G8B0N 157 ;0
OA=K A?OI85 3@><04K
CABK==KE C;8F, 8 A25B;0
4<8@0;B59A:0O 83;0.
>20B>@A:89 E0@0:B5@ ?>MO28;AO 2 2K1>@5 3;02=>3> 35@>O, 2 ?>AB@>5=88 :>=D;8:B0 8 2 @5H5=88 B54O 87 =0720=8O ?>M<>6=> ?@54?>;>68BL, GB> 3;02=K9 35@>9 F0@L, >A=>20B5;L 3>@>40. > @0728B85 459AB28O ?>M:07K205B, GB> 8AB>@8G5A:8 7=0G8<>9 >:07K205BAO AC4L10 >1K:=>25==>3> ?5B5@1C@3A:>3> 68B5;O. 8GB>6=K9 ?5@54 25;8:8< 5B@>< 2 >1KG=>9 687=8, 235=89 AB0=>28BAO @025= 51I5G5;>25G5A:>< A340 ?@>OA=8;8AO 2 =5< AB@0H=> < B@038G5A:>5 ?@>B82>AB>O=85 ?@024K ?@5>1@07>20B5;O >AA88 5B@0 I 8 ?@024K >1K:=>25==>3> AB@040NI53> G5;>25:0.
>M<0 CH:8=0 <=>3>5 >?@545;8;0 2 40;L=59H59 8AB>@88 @CAA:>9 ;8B5@0BC@K. 30-40-5 3>4K XIX 25:0 B5<0 5B5@1C@30 >:070;0AL 2 F5=B@5 A?>@>2 70?04=8:>2 8 A;02O=>D8;>2. ;O A;02O=>D8;>2 5B5@1C@3 >;8F5B2>@5=85 687=8 E>;>4=>9, >157;8G5==>9, >1@5G5==>9 =0 40;L=59H55 ><5@B25=85 8 1N@>:@0B87<. .!.%>2 ?8A0; > =5<:
45AL, 345 3@0=8B=0O ?CABK=O
>@48BAO <5@B2>9 :@0A>B>9...
>=AB0=B8= :A0:>2 2 70?@5I5==>< AB8E>B2>@5=88 5B@C, :>B>@>5 E>48;> 2 A?8A:0E 8 2>A?@8=8<0;>AL :0: ?@>3@0<<=>5 ?@>872545=85 A;02O=>D8;>2, ?8A0;:
"K 3@04C 40; A2>5 =0720=L5,
8HL > B515 3;0A8B >=>.
8E08; <8B@852 8A?>;L7>20; <>B82, : :>B>@>E>B=> >1@0I0;8AL ?>MBK 1820-40-E 3>4>2: 3815;L 3>@>40 ?>4 =0?>@>< 2>4=>9 AB8E88. 3> AB8E>B2>@5=85 >42>4=K9 3>@>4 8<55B 8@>=8G5A:89 ?>4703>;>2>: 848;;8O, 2 =5< AB0@K9 @K10: @0AA:07K205B <0;LG8:C > B><, GB> =0 <5AB5, 345 B5?5@L ?;5I5BAO <>@5, 1K; :>340-B> 3>@>4, 2 3815;8 :>B>@>3> 28=>25= 53> AB@>8B5;L-1>30BK@L.
>=D;8:B <0;5=L:>3> G5;>25:0 8 @02=>4CH=>3> : 53> AB@040=8O< :075==>3> 5B5@1C@30 ?>;CG8; 1;5ABOI55 A2>5 ?@>4>;65=85 2 ?@>75 >3>;O. # >3>;O < >?8A0=89 3>@>40 8 0@E8B5:BC@=KE 0=A0<1;59. 5B5@1C@3A:8E .70?8A:0E 1836 3>40, 2 ?>25ABOE >A, 0?8A:8 AC<0AH54H53>, 52A:89 ?@>A?5:B, (8=5;L ?8A0B5;L A>7405B >1@07 AB>;8FK, 2 :>B>@>< 2K@065=0 =@02AB25==0O ACBL 5B5@1C@30.
2 40;L=59H5< 2 @CAA:>9 ;8B5@0BC@5 254CI8< AB0=>28BAO <>B82 AB@040=8O A>F80;L=> C=865==>3> G5;>25:0. 5;8=A:89 8 5@F5= 2 B5 3>4K 703>2>@8;8 > AB@0==>9 ;N128 : 5B5@1C@3C, ;N128, :>B>@0O 2>7=8:05B 2>?@5:8 ;>38:5 8 >1K45==>7=0=8N. "0: 5;8=A:89 2 ?8AL<5 : >B:8=C ?8A0;: / ?@82K: : 8B5@C, ;N1;N 53> :0:>N-B> AB@0==>N ;N1>2LN 70 <=>3>5 4065 B0:>5, 70 GB> 1K =5G53> ;N18BL 53>.
!;54CNI55 ?>:>;5=85 ?8A0B5;59 H5AB845AOB=8:>2 =5 >AB0;>AL =5@02=>4CH=K<8 : ?5B5@1C@3A:>9 B5<5. =59 >1@0I0;8AL .8=052, .59=15@3, .C@>G:8=.
> 3;02=K5 >B:@KB8O 745AL A2O70=K A B2>@G5AB2>< 8:>;0O 5:@0A>20. 53> AB8E0E 48< ?@>B82>?>AB02;5=85 5B5@1C@3 ?@>28=F8O, 8 >10 MB8 <8@0 3C18B5;L=K 4;O <>;>4KE, B0;0=B;82KE A8;. 5@>9 ?>M1>8<8 <8@0<8.
...>>1@065=L5
AB>;8F5 N=>HC <0=8B,
"0< A;020, B0< ?@>AB>@, 42865=L5...
> 5B5@1C@3, :0:8< >= ?>:070= C 5:@0A>20, 3>@>4 @>:>2>9, 65AB>:89 8 15A?>I04=K9.
@>94CB 3>40 2 1>@L15 15A?;>4=>9,
=0 :@0A82K5 ?;8BK,
0: 87 <0H8=K 28=B =53>4=K9,
KBL <>65B, 1C45HL 1@>H5= BK?
5:@0A>2 G0AB> >?8AK205B :0: 1K A;CG09=K5 45B0;8 8 M?87>4K 3>@>4A:>9 687=8, => 2 =8E ?@>O2;ONBAO A>F80;L=K5 4@0;55 O@:> MB>B ?@8=F8? ?@>O2;O5BAO 2 AB8E>B2>@5=88 #B@>: =0 ?>7>@=CN ?;>I04L :>3>-B> ?@>257;8, ?@>AB8BCB:0 4><>9 =0 @0AA25B5 ?>A?5H05B, >D8F5@K... A:0GCB 70 3>@>4; 1C45B 4CM;L, B>@30H8 ?@>AK?0NBAO.
50-5 3>4K 687=L 154=O:>2 AB0;0 E>4>2>9 2 ;8B5@0BC@5, ?@>87>H;0 4520;L20F8O B5< 5:@0A>2 2 F8:;5 ?>3>45 70O28;, GB> MB0 B5<0 A51O 8AG5@?0;0. = ?@54;0305B >B:070BLAO >B 3C<0=87<0 =0 A;>20E 2 ?>;L7C 3C<0=87<0 ?>ABC?:0.
5B5@1C@3 :>=F0 XIX 25:0 MB> 1>;LH>9 :0?8B0;8AB8G5A:89 3>@>4, <5=ONBAO 53> 0@E8B5:BC@0, AB8;L 8 @8B< 687=8. ;O ?8A0B5;59 8 ?>MB>2 MB>9 ?>@K 3@><04=>5 7=0G5=85 8<5; >1@07 5B5@1C@30, A>740==K9 >AB>52A:8<: A0B2;5G5==K9 8 C@>4. 5@>8 >AB>52A:>3> 682CB 2 AB@0H=>< 4CH52=>< =0?@O65=88, :0: 1K =0 3@0=8 :0B0AB@>DK, :>B>@0O <>65B 1KBL 8 @07@5H8B 8E ?@>1;5OA=8B A0<>5 3;02=>5 2 8E 687=8. ;5:A0=4@ ;>: =0?8A0; 2 ?>M<5 >7<57485:
>=G0;AO 25:, =5 @07@5H82
!2>8E :.
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
<8B@89 5@56:>2A:89 8 =4@59 5;K9 703>2>@8;8 > ?@>:;OB>9 >H81:5 2 687=8 AB@0=K. 8=0 ?@8 MB>< 2>7;030;0AL =0 5B@0. > 1K; 2 A@545 A8<2>;8AB>2 8 4@C3>9 20@80=B B>;:>20=8O 28=K 5B5@1C@30: 5B@ =5 4>45;0; A2>53> 45;0, >AA8O =5 ?>H;0 ?> ?CB8 F0@O-?@5>1@07>20B5;O. # B>3> 65 ==>:5=B8O ==5=A:>3> MB> AD>@20=> B0::
&0@L 7<58 @074028BL =5 AC<5;,
?@860B0O AB0;0 =0H 84>;.
"0:8< >1@07><, 3>@>4 2845;AO ?>MB0< =0G0;0 25:0 :0: 1K 2> 2;0AB8 42CE =0G0;: A>7840NI53>, B2>@G5A:>3> 54=K9 2A04=8:, 8 AB8E89=>3>, @07@CH8B5;L=>3> 7<59. 0 MBC B5<8;80= >;>H8= (5B5@1C@3), OG5A;02 20=>2 (54=K9 2A04=8:), 0;5@89 @NA>2 ( 5B@>3@04C), ;5:A0=4@ ;>: (5B@).
;5:A0=4@0 ;>:0 >B;8G05B GC2AB2> 3;C1>:>9 ;8G=>9 A2O78 A 5B5@1C@3><. >@>4 <>9 G0AB>5 2K@065=85 2 53> AB8E0E. ;>: ?8A0; >1 C?@O<> 42>OI51@075 3>@>40 =0 1>;>B5. 070;>AL 1K, C ;>:0 =8345 =5B ?>4@>1=>3> >?8A0=8O 3>@>40. @8<5B 5B5@1C@30 2 53> AB8E0E =5<=>3>: MB> :>==0O 3@C??0 =0 =8G:>2>< <>ABC, 54=K9 2A04=8:, AD8=:AK =0 ?@02>< 15@53C 52K, ;038= <>AB, G0A>2=O =0 @5AB>2A:>< >AB@>25, 5B@>?02;>2A:89 H?8;L, ?;>I04L !5=0B0... > B5< =5 <5=55 2A5 53> AB8E8 ?@>=8:=CBK 4KE0=85< MB>3> 5B5@1C@30. 0?@8<5@, 2 A;54CNI8E AB@>:0E A@07C 65 C7=05BAO 25A5==89 5B5@1C@3:
>4 CB@> ?@>A=C;AO >B HC<0
B@5A:0 =5ACI8EAO ;L48=.
;8 B>, GB> 2848B <8D8G5A:0O !=56=0O 520, ?@>>1@07 4CH8 ?>MB0, MB> B>65 5B5@1C@3:
3>@>4 <>9 65;57=>-A5@K9,
45 25B5@, 4>64L, 8 7K1L, 8 <3;0,
! :0:>9-B> =5?>=OB=>9 25@>9
=0, :0: F0@AB2>, ?@8=O;0.
1@07 3>@>40 =0 525 =587<5==> ?@8ACBAB2C5B 2 53> ?@>872545=8OE, ?@5645 2A53> 2 ?>M<5 25=04F0BL, 70?5G0B;52H5< @CAA:CN @52>;NF8N.
4=0:> 2 ?>M788 1910-E 3>4>2 2>7@0AB05B 8=B5@5A : 5B5@1C@3C :0: MAB5B8G5A:>@38O 20=>20, ==K E<0B>2>9, A8?0 0=45;LHB0<0 ?5B5@1C@3A:89 0@E8B5:BC@=K9 ?59706 >?8AK205BAO BI0B5;L=> 8 ;N1>2=>.
0 ?;>I04L 2K15602, A2>1>45=
!B0; :>;>==04K ?>;C:@C3,
@0A?;0AB0;AO E@0< 3>A?>45=L,
0: ;53:89 :@5AB>28:-?0C:.
!>G8=5=85 =0 B59 :;0AA8G5A:>9 ?>M788 ?> ;8B5@0BC@5
