17841. Second National Bank (Xenia, OH)

Bank Information

Episode Type
Suspension → Closure
Bank Type
national
Bank ID
277
Charter Number
277
Start Date
May 3, 1888
Location
Xenia, Ohio (39.685, -83.930)

Metadata

Model
gpt-5-mini
Short Digest
dacdf4f0

Response Measures

None

Receivership Details

Depositor recovery rate
100.0%
Date receivership started
1888-05-09
Date receivership terminated
1889-01-21
OCC cause of failure
Losses
Share of assets assessed as good
38.3%
Share of assets assessed as doubtful
45.2%
Share of assets assessed as worthless
16.5%

Description

Multiple articles (dated May 3–9, 1888) report the Second National Bank of Xenia closed its doors/suspended after the assignment/failure of Hooven & Allison and M. C. Allison, whose paper the bank held. The comptroller appointed a receiver (Henry Bohl/Bonie) on May 9, 1888, indicating permanent closure. Some reports say the bank closed to prevent a run, but there is no clear evidence of an actual depositor run prior to suspension.

Events (4)

1. February 24, 1864 Chartered
Source
historical_nic
2. May 3, 1888 Suspension
Cause
Bank Specific Adverse Info
Cause Details
Suspension caused by the assignment/failure of Hooven & Allison and large indebtedness of M. C. Allison, paper held by the bank.
Newspaper Excerpt
The Second National Bank closed its doors this morning.
Source
newspapers
3. May 9, 1888 Receivership
Source
historical_nic
4. May 9, 1888 Receivership
Newspaper Excerpt
The comptroller of the currency has appointed Henry Bohl (Bonie) of Marietta ... receiver of the Second National Bank of Xenia, Ohio.
Source
newspapers

Newspaper Articles (16)

Article from The Morning News, May 4, 1888

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Article Text

DISASTER AND DEATH. A Firm of Xenia Assigns Under Sensational Circumstances. XENIA, O., May 3.-Hoover & Allison, and M. C. Allison, individually assigned last night. Mr. Allison was unconscious today and his death is hourly expected. The liabilities of the company are stated at $100,000 and Mr. Allison's individually at $25,000. The assets are estimated at $300,000 or $400,000. The Second National bank, which held considerable of Mr. Allison's paper, closed its doors this morning. THE TOTAL LIABILITIES. XENIA, O., May 3, 11 P. M.-The liabilities of the Cordage Mill, M. C. Allison and the Second National Bank will aggregate over a quarter of a million. Mr. Allison died to-night, and his $88,000 of life insurance will help relieve the embarrassment.


Article from Telegram-Herald, May 4, 1888

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Article Text

Another Ohio Bank Embarrassed. XENIA, O., May 3.-The Second National Bank closed its doors this morning. The bank held a large amount of paper of M. C. Allison, who dissigned yesterday. The capital stock of the bank is $150,000.


Article from Union County Courier, May 9, 1888

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Article Text

Broke n National Bank, The failure of Hooven & Allison, and N. C. Allison has caused the suspension of the Second National bank of Xenia, Ohio.


Article from The Wheeling Daily Intelligencer, May 9, 1888

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Washington Notes. . WASHINGTON, D. C.-The following Senate bills were favorably reported to House to-day: Appropriating $75,000 for a public building at Akron, O.; for a public building at Youngstown, O., with an amendment reducing the appropriation from $100,000 to $75,000; increasing the pension for total disability to $72 per month. The comptroller of the currency has appointed Henry Bonie, of Marietta, 0., to be receiver of the Second National Bank of Xenia, Ohio.


Article from Waterbury Evening Democrat, May 9, 1888

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Article Text

Receiver of the Xenia Bank. WASHINGTON, May 9.-The comptroller of the currency has appointed Henry Bohl, of Marietta, O., receiver of the Second National bank of Xenia, O.


Article from The True Northerner, May 9, 1888

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THE WESTERN STATES. WILLIAM GARLAND, of Lafayette, Ind, one of the oldest hardware merchants in that State, has made an assignment. His assets are $7,000; liabilities unknown. A STORM of wind struck the little village of Lacona, in Warren County, Iowa, demolishing a two-story building used as a store and burying in the ruins a farmer-Leonard Wilson. He was dead when taken from the ruins. Two other men were slightly injured. Several buildings were unroofed. A CHARTER has been filed at Topeka, Kan., for "The Farmers' Federation of the Mississippi Valley," the farmers' trust. The capital stock is $20,000,000, with shares at $10 each. The charter is signed by citizens of fourteen States and five Territories. HOOVER & ALLISON, merchants of Xenia, Ohio, have failed, with liabilities of $200,000 and assets of $300,000. The Second National Bank of the same place, which held considerable of the paper, was forced to suspend. ALLAN O. MYERS has been convicted at Columbus, Ohio, of contempt of court, in publishing objectionable articles during the tally. sheet forgery cases. He was fined $200 and sentenced to three months' imprisonment. An appeal was taken. ON the farm of the Widow Freeze, near Arlington, Neb, occurred a horrible catastrophe. Fire broke out in the barn, and when citizens reached the spot two hours later they found in the ruins the charred remains of sever human beings, distributed among the burned carcasses of the live stock. The entire family, consisting of four adults and three childrer, had been burned to death, probably in the attempt to rescue the cattle from the burning stable. FIRE destroyed the Los Angeles Cal) Cracker Company's block and one dwelling, causing a loss of $65,000, with but $10,000 insurance. John Schuler, a watchman, is supposed to have perished in the flames. AT Laporte, Ind., in the trial of Henry Augustine for the murder of Samuel Brown, one of the jury became insane, fancy.ng that his fellow-jurymen were going to murder him, and not improving, the Judge dismissed the jury. FIRE at Sin Diego, Cal., destroyed the stores of S. G. Ingles, hardware; Charles Hamilton, groceries, agricultural implements, etc., and Frederick Hamilton, hardware, and slightly damaged other stores. The total loss was $150,000; total insurance, $85,000.


Article from Sturgis Advertiser, May 9, 1888

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Assignment. XENIA, O., May 1.-M. C. Allison, owner of Hoover & Allison's twine factory here and cotton milis at Zanesville, assigned to Hon. John Little last night. The Second National bank closed, as the officers assert, to prevent a run, and say there are perfectly solvent. The community is in a feverish state over the possi bility of all banks closing before night. Mr. Allison lies at the point of death, his illness being caused by the crisis. He is chief owner of the gas works and a large stockholder and director in the Second National bank.


Article from The Emporia Weekly News, May 10, 1888

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National Bank Closed. XENIA, O., May 3.-The Second National Bank with a capital stock of $150,000 closed its doors this morning. The suspension was caused by the assignment of Hoover. & Allison whose liabilities are said to be over $100,000. Allison is unconscious and not expected to live.


Article from Springfield Daily Republic, May 10, 1888

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LOCAL BREVITIES. BALLADS OF SPRING. "Oh, why should the spirit of mortal be proud?' He criei, his new straw hat Wentsailing away on a May breeze gay To be rolled by wheel flat. "Oh. why should the spirit of mortal be proud?" She cried, as her brother Jack, Not seeing her bonnet, sat right down upon itHer new springbonnet, alack ! -Columbus Dispatch. Quarterly meeting at Wiley chapel next Sunday. Miss Nannie Baker is visiting friends in Jameston. Mr. Harry Stadler, of Urbana was in the city yesterday. The High school commencement occurs this year on June 14. No police court today. Judge Young is seriously indisposed. Chief Ambrose was in Xenia yesterday on grand jury business. The Wilberforce students returned to their school last evening. Dr. John Reddish left last evening for San Diego, Cal., via I. B. & W. route. Mr. James Wheller, of Cincinnati, is in the city, the guest of friends and relatives. Mr. Charles Faber, city editor of the Dayton Monitor, was in the city yesterday. A game of base ball will be played by the Arcade and St. James nines in a few days. Mrs. W. W. Lewis, of the north side, is is critically III, and her recovery is in grave doubt. Mrs. Rosanna Wolf, mother of Mrs. John Rupert, of Maple street, is very ill with paralsis. Mushroom hunts are numerous now. The suc-culent plants are rather more profuse this year than usual. Hon. Henry Bohl, of Marletta. O., has been appointed receiver of the Second National bank at Xenia. Mr. and Mrs. Charles Williamson, of this city, who some time ago went to the far west, are now on their way home. Only two arrests were made last evening: Dave Martin, for drunk and disorderly, and Ralph Houk, for a plain drunk. Rev. George Zisler united John Jeris and Rosa Dellinger in marriage, last evening, at the residence of James Buford, on west High street. The playing of the Big Six band in front of the new "London" last night was the feature of the week. They rendered some entirely new music. Miss Lucy Henderson, one of the famous vocalists, wastaken very ill yesterday and with her sister returned to their home at Dayton this morning. Today is Ascension Day-one of the hollest in the calendar of the Catholic church. Numerous masses are being celebrated in the churches. Rev. J. H. Payne, pastor of the A. M. E. church, at Dayton, was in the city a short time this morning on his way home from Mechanicsburg, where he has been holding meetings. The members of the "Scrap of Paper' company went to Baumgardner's yesterday afternoon and had their pictures taken in a group in costume. It will make a very handsome picture. Members of the High school alumni are requested not to forget the meeting at the Y. M. C. A. rooms at the court house tomorrow (Friday) evening. A very full attendance is requested. We are sorry to learn that Councilman J. R. Mercer will leave Dayton. A gentleman. an active member of society, a painstaking, honest official, his place will be missed.-Dayton Journal. The clerks of the various prominent groceries in the city are circulating a petition asking for early closing during the summer months. The petition will be presented to the grocers' association for action at its regular meeting next Monday night. Mr. Charles Rabbitts, jun., left this morning for Ft. Wayne, Ind., where he has accepted a permanent commercial position of & very desirable nature. Many friends regret to see Charles leave Springfield. Messrs. Will. Bell, Ed. Krautzer, Will. Gard and David Gardner, of Sigma Chapter, Phi Gamma Delta fraternity, of this city, go to Granville tonight to attend the fourth annual state meeting of the freternity.


Article from Crawford Avalanche, May 10, 1888

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THE WESTERN STATES. A STORM of wind struck the little village of Lacona, in Warren County, Iowa, demolishing a two-story building used as a store and burying in the ruins a farmer-Leonard Wilson. He was dead when taken from the ruins. Two other men were slightly injured. Several buildings were unroofed. A CHARTER has been filed at Topeka, Kan., for "The Farmers' Federation of the Mississippi Valley," the farmers' trust The capital stock is $20,000,000, with shares at $10 each. The charter is signed by citizens of fourteen States and five Territories. HOOVER & ALLISON, merchants of Xenia, Ohio, have failed, with liabilities of $200,000 and assets of $300,000. The Second National Bank of the same place, which held considerable of the paper, was forced to suspend. ALLAN O. MYERS has been convicted at Columbus, Ohio, of contempt of court in publishing objectionable articles during the tallysheet forgery cases. He was fined $200 and sentenced to three months' imprisonment. An appeal was taken. ON the farm of the Widow Freeze, near Arlington, Neb., occurred a horrible catastrophe. Fire broke out in the barn, and when citizens reached the spot two hours later they found in the ruins the charred remains of seven human beings, distributed among the burned carcasses of the live stock. The entire family, consisting of four adults and three children, had been burned to death, probably in the attempt to rescue the cattle from the burning stable. FIRE destroyed the Los Angeles Cal.) Cracker Company's block and one dwelling, causing a loss of $65,000, with but $10,000 insurance. John Schuler, a watchman, is supposed to have perished in the flames. AT Laporte, Ind, in the trial of Henry Augustine for the murder of Samuel Brown, one of the jury became insane, fancying that his fellow-jurymen were going to murder him, and not improving, the Judge dismissed the jury. FIRE atSan Diego. Cal. destroyed the stores of S. G. Ingles, hardware; Charles Hamilton, groceries, agricultural implements, etc., and Frederick Hamilton, hardware, and slightly damaged other stores. The total loss was $150,000; total insurance, $85,000.


Article from Iowa County Democrat, May 11, 1888

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ELECTRIC SPARKS Fires And Casualties. A FIRE at Echo, Oregon, caused a loss of $30,000. FIKE destroyed a block in Andersonville, Ga., causing a loss of $100,000. UN Thursday six laborers were buried alive by the caving in of a sewer trench at Yonkere. N. Y. A MOTHER and three children were terribly burned by the explosion of a lamp in New York city. One of the boys died. A THREE DAYS' heavy rain has caused floods in Texas, doing serious damage to railways and farms. THE surface buildings of the Eclipse mine, at Little Cottonwood, Utah, were swept by fire, at a loss of $70,000. XENIA, 0.-Hooven & Allison, manufacturers, and the Second National bank have failed. A large amount is involved. ONE HUNDRED AND TWENTY THOUSAND dollars worth of lumber was burned, at Chippewa Lake, in Mich., on Thursday. SEVERAL laborers ou a hand car near Elko, Col., weae run into by an engine. Two men were killed and three others seriously injured. SAN DIEGO, Cal.-A fire destroyed the old market building, Ingle's hardware store, and several adjoining buildings. The total loss is $150,000. WILLIAM H. HARNDEN, of Madison, Wis., aged 45, nephew of General Henry Harnden, was missed from his home near that city last Saturday, was found on Tuesday in a hollow tree on his premises. He died a few hours after being taken from his hiding place. lie was insane.


Article from The Hot Springs Star, May 11, 1888

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Assignment. XENIA, O., May -M. C. Allison, owner of Hoover & Allison'stwine factory here and cotton milis at Zanesville, assigned to Hon. John Little last night. The Second National bank closed, as the officers assert, to prevent a run, and say there are perfectly solvent. The community is in a feverish state over the possi bility of all banks closing before night. Mr. Allison lies at the point of death, his illness being caused by the crisis. He is chief owner of the gas works and a large stockholder and director in the Second National bank.


Article from Custer Chronicle, May 12, 1888

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Assignment. XENIA, O., May 1.-M. C. Allison, owner of Hoover & A llison's twine factory here and cotton milis at Zanesville, assigned to Hon. John Little last night. The Second National bank closed, as the officers assert, to prevent a run, and say there are perfectly solvent. The community is in a feverish state over the possi bility of all banks closing before night. Mr. Allison lies at the point of death, his He is illness being caused by the crisis. chief owner of the gas works and a large stockholder and director in the Second National bank.


Article from The Universalist, May 12, 1888

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THE Second National Bank, of Xenia, Ohio, has suspended, owing to the failure of the business houses of Hooven & Allison and M. C. Allison, of that city, who are large debtors to the bank. Mr. Allison died last week.


Article from Belmont Chronicle, May 17, 1888

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HAPPENINGS OF THE WEEK. Ex-SENATOR CONKLING bequeathed all his property to his wife. A DEMOCRATIC bolt is promised in Congressman Wilkins' district. BLAINE and Sherman will divide the Kentucky delegation to Chicago. Ex-SENATOR BRUCE will deliver a course of lectures during the coming season. PRESIDENT CLEVELAND has vetoed a bill granting a pension to Mrs. Georgia A. Stricklett. Ax effort to admit women into the Order of Catholic Knights of America failed of success. HENRY BOILL of Marietta, has been appointed receiver of the Second Nation ai Bank, at Xenia. O. MARTIN P. BOVEE, a noted advocate of the abolition of capital punishment died at Whitewater, Mich. A BILL appropriating three and one half million dollars for pension deficient eies will be reported to the House. DEMOCRATS of the Thirteenth District renominated Outhwaite and indorsed Cleveland and his free-trade message. NATHANIEL WATTS, the last of the "old defenders.' who defended Baltimore from British invasion in 1814, is dying. SENATOR VOORHEES has apologized to the Senate for his actions during the debate between him and Senator Ingalls BLAINE is said to be the choice of dellegates to Chicago selected in the four I Congressional Districts of Kings county, N.1 WM. KENNISTON, an old farmer at North Boohbay, Me., was murdered in his home by Llewellyn Quimby, aged twenty. HENRY MILLER shot and killed Wm. A. Aderholt, near Beecher City, III., be cause the latter won a law suit between the two HOOL-HOUSE at Davton O. was struck in lightning. Tuesday, and two children were injured in the panic which followed. DAMAGE suits will probably be broght by relatives of persons killed in the recent accident at the Columbus Board of Trade building. THE daughter of Amos H. Tyler, of Bath-on-the-Hudson, N. .on herdeath bed told her father to shoot her betrayer. He did so. Hon. ROBERT G. INGERSOLL delivered an address before the New York Legislature on the life and character of exSenator Conkling. MISS IDA HAGEMAN, in charge of the postoflice at New Madison, O., commit ted suieide by shooting herself in the head with a revolver. WM. HOPKINS, who stoned a stranger to death at a country church because he wore a "biled" shirt, has been respited by the Governor of Georgia. HENRY J. BARRON shot and instantly killed his son-in-law, J. S. Higgins, at Denver, Col., during a family quarrel about the ownership of a dog. WHILE Mary Floyd was milking a cow at Urbana, O., a little sack containing $85 dropped from her bosom. The money was eaten by the cow. FRANK A. BRANNIGAN, of Steubenville, O., has been appointed Disbursing Clerk of the Department and Appointment of Justice, vice James W. Ewing, removed. WM. SHOWERS, under sentence of death for the murder of his two grandchildren, dug a hole through the solid stone wall of the jail at Lebanon, Pa., and escaped. IT is said that Gen. James W. Ewing, Disbursing Clerk of the Department of Justice at Washington, has been found short in his accounts to the extent of $8,000 or $9,000. THE bill appropriating $150,200 for Government exhibits at the Cincinnati Centennial, has passed the House. An amendment provides that Marietta shall have three days. HENRY CHRISTIE and Thomas Kelly have been indicted for burgiary at Mt. Vernon, O. They are in jail at Wheeling, W. Va., awaiting trial for murder in the first degree, n HON. GEO. E. SENEY has been renominated for Congress by Democrats of the Fifth District. The delegates to St. Louis were instructed to vote for Cleveland's renomination. J. CAIN, proprietor of the People's Theater, at Columbus, O., was fined $75 and costs, and sentenced to thirty days imprisonment, for giving a theatrical performance on Sunday. JACOB MORGAN, an aged farmer live ing at Hebrun, W. Va., was attacked by tramps in his house. He refused to give them his money, and after killing him they robbed the house. IN the Georgia Democratic State Convention the free-traders, led by Senator Colquitt, vanquished the protectionists, led by Senator Joe Brown. Cleveland's administration was indorsed. A RELIGIOUS crank who was taken before Judge Cummings, at Toledo, O., to be remanded to the asylum, informed the court that he was Christ, had wicked earth to t come to this reign and eight months. ra A PICTURE of James G. Blaine was placed, amid tremendous cheering, on te the platform during the Republican State Convention of New Jersey. A resoluWilliam Walter for tion favoring Phelps p the Presidency was adopted. te JUDGE TULEY decided, t Chicago, that children born in slavery are illegitth imate. The question arose in a contested will case. The ground of the decisslaves chattels there ion is that being could not be a legal marriage. su WILLIE eleven. year-old boy


Article from The American Citizen, January 11, 1889

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NUGGETS OF NEWS. The wife of Major-General Schofield died at W ashington on the 30th of paralybeart. the TO STS The fast trial trips of the new dynamite cruiser Vesuvius in Delaware bay were pronounced a success. Fire in Dongola, Ill., the other morning destroyed eight business houses, causing $35,000 loss. Cause, a defective flue. An escaped Soudanese has offered to bring General Gordon's clothes, sword and papers, which are said to be hidden near Berber. The new statue of General Lewis Cass, presented to the Nation by the State of Michigan, has been taken to the Capitol at Washington. Mrs. Concordia Muench was found dead in her room at Rockport, Mo., the other afternoon and was thou ht to have committed suicide. C. V. Lambrigger, Eving nar Avalon, Mo., has been probab'y fatallv wounded accidentally by John Kimber acompanion, while hunting. The other night the west be und train on the Cincinnati, Selma & Mobile, was derailed about five miles from Selma, Ala. Two coaches were partia ly turned over and the passengers badly shaken up, but nobody was seriously hurt. There was also an accident in the n orning near Selma, on the East Tennessee road by which sixteen passengers were bruised up. Charles Stevenson. agel thirty-three, was crushed to death un 'er a bank of earth which recently caved in on him at Wyoming, Neb. The State of Texas, it is announced, has issued its last patents for public lands. What has not been tak n up belongs now to schools, asylums, etc. Charles Shaw-L febre, Viscount Eversley, di d recently, agel ninety-four years. He WAS for many years a prominent British statesman. the uo epuu SBM uns canseles V man American Saving Bank of Burlington, Iowa, the o'her day, but it lasted only a short time and had no bad effects. A large new crayon portrait of Speaker Carlisle has been hung in the House of Representatives cham! er in place of the smaller one which has there for years. Business failures (Dun's report) for the seven days ended D ceml er 27 numbered 299, compared with 311 the previous week and 263 the correspond ng week last year. The President has ordered the removal of Edward Cushing, collector of customs, at Belfast, Me., because of charges that he had accepted money from applicants for positions. The final dividendof 20per cent., making the amount paid 100 per cent., has been paid by the Comptroller of the Treasury to the creditors of the Second National Bank, of Xenia, O. James Conley, a teamster, was run over and killed at Marceline, Mo, recently, his left arm and leg bein entirely severed and his head and face crushed beyond recognition. During a heavy fog in Nebraska City, Neb., the other morning a Burlington freight engine was wrecked and a Council Bluffs cabocse and car destroyed, but no one was hurt. Amelie Thurin, seventeen years of age, 'B u! domestic U SU employer SBM oum Chicago private family. upon retiring uj deep puner SUM pue sed 111 no meiq bed the other morning. James Macken and Nathan Gilchrist, aged nine and four years, were skating on the bayou at Toledo, 0, recently when the ice broke, precipitating the boys into the water and both boys were drowned. More battles with oyster pirates have been reported off the Maryland coast. In one of the engagements Captain Shores was wounded. In another five dredging schooners were captured by the State navy. It is said that Dr. Alexander E. McDonald, general superintendent of the insane asylum on Ward's Island, has become insane. He was one of the experts whose testimony convicted Guiteau, the assassin of President Garfield. Richter calculates from recent statistics that Germany has at her disposal in the event of war an army of 3,513,416 completely drilled men, not counting the reserves and the landsturm, which are not drilled in the time of peac The past year has been a profitable one for the Fall River (Mass.) manufacturers, and closes with the market entirely clear of spot goods and the production sold well ahead to April. The dividends aggregated the greatest ever paid in the history of the city. The London Stock Exchange was active and advanced during the week ended December 29. American railroads had a sharp rise, but weakened toward the end of the week. The Continental bourses were depressed with prices tending downward. It has been announced that the vault of the United States sub-treasury in the custom house of Baltimore, Md., was robbed of$1,243 in standard silver dollars, April 15. but the robbery kept secret in the hope that the thief might be surprised and captured. The coal miners in the anthracite region of Pennsylvania have made a demand for a reduction of $1 per keg in the price of the blasting powder furnished to them. The employers are not expected to give in as their profits from this source have been enormous. At the request of the Acting Secretary of War Attorney-General Garland has instructed the United States District Attorney at Austin, Tex., to take the necessary steps for the defense of General Stanley, U. S. A., recently arrested in that city while in the execution of his official duties. Mrs. Henry Martin and Miss Kate Pow. ers, two ladies living in one of thesuburbs of Chicago, while driving across the Rock Island road track at Forty -seventh street recently, were struck by a locomotive and instantly killed, there bodies being terribly mutilated before the train could be stopped. The taxes of the Southern Pacific Rail-