Episode 3 of 4
Eno Embezzlement
- When
- 1884
- Where
- Second National Bank, New York City
John Chester Eno's embezzlement from the Second National Bank contributed to mistrust in 1884.
Another cause of the panic and mistrust in 1884 was John Chester Eno's embezzlement of over $3 million from the Second National Bank, a New York City institution. This incident contributed to the broader economic instability and the transformation of the recession into a depression.
Sources
- Panic of 1884 Wikipedia, revision of 2026-06-14
Machine-drafted from the cited Wikipedia passages and checked by a reviewing model, not by a human editor. Every passage cites the revision it was written from; dates and places follow those passages.