Eno was a New York "financier," who made headlines in 1879 when he used his position as president of the Second National Bank of New York as his personal piggy bank to cover his bad investments on Wall Street. Eno's financial shortcomings reached the staggering sum of $4 million, causing him to go from the erroneous to the felonious.
There was a run on the bank, whose debts were made good by bank trustees such as Amos Eno (John's father), Isaac Noah Phelps and William Walter Phelps. And when it comes to runs, no one ran faster than John Eno who escaped to Canada, causing an international incident. He could not be extradicted under the existing treatie because bank "defalcation" was not a covered felony.
Eno returned to the US around 1899 and inherited a sizeable fortune upon his father's death in 1908, yet left nothing by debts upon his own demise.
The full account with newspaper transcriptions can be found at http://www.webmousepublications.com/itow/whoswho/phelps/doc-eno.html#14
There was a run on the bank, whose debts were made good by bank trustees such as Amos Eno (John's father), Isaac Noah Phelps and William Walter Phelps. And when it comes to runs, no one ran faster than John Eno who escaped to Canada, causing an international incident. He could not be extradicted under the existing treatie because bank "defalcation" was not a covered felony.
Eno returned to the US around 1899 and inherited a sizeable fortune upon his father's death in 1908, yet left nothing by debts upon his own demise.
The full account with newspaper transcriptions can be found at http://www.webmousepublications.com/itow/whoswho/phelps/doc-eno.html#14
Eno was a New York "financier," who made headlines in 1879 when he used his position as president of the Second National Bank of New York as his personal piggy bank to cover his bad investments on Wall Street. Eno's financial shortcomings reached the staggering sum of $4 million, causing him to go from the erroneous to the felonious.
There was a run on the bank, whose debts were made good by bank trustees such as Amos Eno (John's father), Isaac Noah Phelps and William Walter Phelps. And when it comes to runs, no one ran faster than John Eno who escaped to Canada, causing an international incident. He could not be extradicted under the existing treatie because bank "defalcation" was not a covered felony.
Eno returned to the US around 1899 and inherited a sizeable fortune upon his father's death in 1908, yet left nothing by debts upon his own demise.
The full account with newspaper transcriptions can be found at http://www.webmousepublications.com/itow/whoswho/phelps/doc-eno.html#14
There was a run on the bank, whose debts were made good by bank trustees such as Amos Eno (John's father), Isaac Noah Phelps and William Walter Phelps. And when it comes to runs, no one ran faster than John Eno who escaped to Canada, causing an international incident. He could not be extradicted under the existing treatie because bank "defalcation" was not a covered felony.
Eno returned to the US around 1899 and inherited a sizeable fortune upon his father's death in 1908, yet left nothing by debts upon his own demise.
The full account with newspaper transcriptions can be found at http://www.webmousepublications.com/itow/whoswho/phelps/doc-eno.html#14
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