People's Pilot, Volume 2, Number 36, Rensselaer, Jasper County, 24 February 1893 — GAVE HIMSELF UP. [ARTICLE]

GAVE HIMSELF UP.

John C. Koo, the Bank-Wrecker, Whs la I**4 Embessled *4,000,000 and Fled to Canada, Retarns to Mow Yark and Sar> render* Ulneelf—Held la Bosdeof *9ot> 000. Nxw York, Feb. 21.—John C Ena, who in 1884 fled to Canada ia order to avoid arrest and prosecution for hawing e'mbezzled nearly $4,900,009 of the funds of the Second national bank while its president, pat himself ander the jurisdiction of the authorities Monday and was admitted to bail in $20,000. For some time H bas been known that Eno was likely to eome back an<l take the consequences of his defalcation. His friends say it was much against his own better judgment that be fled, bat that he did so upon the advice of hia father, and that the only reason he did not eome baek before was that he feared the effect upon his father, who is more than 89 years of age. Since he left this cKy he has spent most of the time at Quebec, where he haa been interested in various business enterprises, whieh are said by his friends to have been more or less successful. Eno arrived in this city direct from Canada at 11 o’clock Monday morning and proceeded immediately to the office of his counsel, Col. George Bliss, The two proceeded to the chambers of Judge 'Wallace, where- they were met by District Attorney Mitchell and a oouple of his assistants. The federal indictment under which Eno was admitted to ball consists of sixteen counts. They charge that at various times from Decern her 28, 1883, down to May, 1894, Eno, while president of the Seoond national bank, unlawfully and with intent to defraud misapplied certain of the moneys and funds of the bank, amounting in the aggregate to $3,970,000. This money had been paid in suma ranging from $50,000 to $450,000 by oheck to his brokers, A. Dyatt A Co., and Goffo A Bandle. [Eno's crime and flight, oomlng ss It did just after the failure of Grant A Ward and the Marine bank, helped to create almost a panto in Wall street la the spring of 1884. May IS of that year there were rumors of trouble in the Second national bank. John 0. Eno had been made president of the bonk several years previous by his father, Amos R Eno, who was the principal stockholder. For the previous two or three years young Kno had been one of the most prominent and persistent speculators on the bull side of the market. He was long of the market when the Northern Paoiflo broke, but ho held on, expecting a rise which never came. Tuesday, May 13, the story came ont. Eno’s defalcation was said to be in the neighborhood of W,000.00a That night the dlreolors met and decided to stand by the bunk. Amos R Eno, the young defaulter’s father, is said to have presented the bank with securities valued at 13,600,000, the other stockholders making up the balance. In addition to 88,600,000 la securities Eno's father deposited in the bank 81,000,000 in cash, and offered, it is said, to put in another million if it was thought to be neoessary. There was a run on the bank, which lasted about a day and a half, but its doors were never closed, and after a careful investigation the bank examiner reported that tbe institution was perfectly solvent Amos R Eno was oredlted with being worth at that time in the neighborhood of 820,000,000. Eno had been under the espionage of deputy sheriffs and detectives since it first became known that he had mads away with the funds of ths bank, but in spite of the oordon of police which surrounded his bouse he wss not to be found when the United States offloers wanted to arrest him. He had mysteriously disappeared, and it was not until several days later that it was known that he had gone to Canada in the company of Father Ducey, who stood by him during his entire trouble. Eno was arrested in Quebec Just as he was about to sail for Liverpool He refused to roturn to the United States without extradition He was kept under arrest for several weeks awaiting extradition proceedings, whioh, when they were brought into court, proved unsuccessful Various attempts havs been made to get Eno to come back, but without result]