Perrysburg journal. (Perrysburg, Wood Co., O. [Ohio]) 186?-1965, 1893-02-25
GAVE HIMSELF UP.

John C. Emo, tho Bank -wrccker, Who In
1884 Embezzlcd S4,OOO,00O and Fled to
Canada, Returns to New York aud SUR
renders Iimseif--Held in Bonds of $780,
900.
New York, Feb. 21.--John G. Emo,
who in 1884 fled to Canada in order to
avoid arrest and prosecution for hav-
ing embczzled nearly $4,000, 900 of the
funds of the Second national bank
while its president, put himself under
the jurisdiction of the authorities
Monday and was admitted to bail in
$50, 900.
For some time it has been known
that Emo was likely to come back and
take the consequences of his defalca-
tion His friends say it was much
against his own better Judgment
that he fed, but that he did
so upon the advice of his fa-
ther, and that the only reason
he did not come back before was
that he feared the effect upon his
father, VINO is more than so years OF
age. Since he left this city he has
spent most of the time at Quebec,
where he has been interested in vari.
GUS business enterprises, which are
said by his friends to have been more
| or less successful.
Emo arrived in this city direct from
Canada at IL 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 u
| couple of his assistants.
The federal indictment under which
| Emo was admitted to bail consists of
sixteen counts. They charge that at
various times from Dccem Der 2S, 1888,
down to May, 1884, Emo, while presi-
dent of the Second national bank, un-
lawfully and with iutent to defraud
misapplied certain of the moneys and
funds of the bank, amounting in the
aggregate to S3,970,000. This money
had been paid in sums ranging from
S5o,OOo to S450,OOO by check to his
brokers, A. Dyatt " Co., and Goffe q
Randle.
| [Eno's crime and fight, coming as it did just
! after the failure OF Grant Il Ward and the
Marine bank helped to create almost a
| panic in Wall street in tho spring oil
1854 May IL of that year there were
| rumors of trouble in the Second national bank
| John c. Emo had been made president oi
| the bank several years previous by his
| father, Amos r. Emo, who was the principal
stocEholder. For tho previous two or three
years young Emo had been one OF the mos
prominent and persistent spectators on The
bull side OF the market He was long OF tht
market when the Northern Pacific broke, bu
ne held on, expecting rise which never came
| Tuesday. May l3, the story came ont. Emo:
defalcation was said to be in the neighbor
| hood OF i.000,000 That night the director.
met and decided TO stand by the bank. Amo!
| X, Emo, the young dc.aultcr's father, is said t
have presented the bank with securities valued
at So, ,5O0,000, the other stockholders making "
the balance. In addition 10 $500, 600 in securi
ties Eno's father deposited in the bank 81 900 on
in cash and offered, it is said, to put in anothe
million II it was thought to be necessary. Their
was Il run on the bank, which lasted about da.
and half, but its doors were never closed an,
after a careful investigation the bank examine
reported that the institution was perfectly sol
| vent. Amos Il. Emo was credited with ben
worth at that time in the 'ncghborhood o
so o0J,0)O Emo had been under the cSpion
age of deputy sheriffS and detective
since il first became known that h
had made away with the funds of tn
bank, but in spite OF the Gordon G
police which surrounded his house he was no
to be found when the United States officer
wanted TO arrest him. He had mysteriousl
disappeared, and it was not until several day
later that it was known that ne had gon
to Canada in the company of Fathe
Ducey, who stood by him during his er
tire trouble Emo was arrested in GU,
bee just as he was about to sail for Live
pool He refused to return to the United State
without eNtradiuon. He was kept under arres
, for several weeks awaiting extraditon proceed
| ings, which, when they were brought into cour
proved unsuccessful. Various attempts hay
been made to get Emo TO come back, but will
; out result