Rensselaer Republican, Volume 16, Number 37, Rensselaer, Jasper County, 22 May 1884 — $4,000,000. [ARTICLE]

$4,000,000.

A Bank President’s Heavy Defalcation. [New York Telegram.! The defalcation of John C. Eno, former President of the Second National Bank, is stated upon good authority to be $4,000,000. Of this amount $2,500,000 is said to have been paid by Amos R. Eno, the father of the defaulting President, and the balance by the rest of the Directors. Director Henry A. Hurlburt said that the deficit was abont $4,000,000, and that Mr. Amos R. Eno had made up most of the loss, the stockholdersfi xing up the balance. “ What was the cause of the deficiency, and how was it managed?” was asked. . “I cannot tell you. Mr. John C. Eno wonld have been liable to imprisonment, but his father, who is worth $25,000,000, has agreed to see the bank through safely for any amount,”