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A DEFAULTING TREASURER A New Jersey Savings Bank Compelled to Suspend Payments. The New Brunswick (N. J.) Dime Savings bank has been compelled to suspend on account of a defalcation amounting to nearly $80,000 in its accounts, the defaulter being its treasurer, Arthur G. Ogilby, who is also the city treasurer. When the defalcation was discovered Ogilby was at home suffering from an attack of acute mania. When Charles Hill, cashier of the New Brunswick National bank, committed suicide, a year or more ago, after nearly ruining the bank, the people said during the excitement that followed that Mr. Ogilby was the only honest man left in New Brunswick. He was then engaged in the real estate and insurance business, and was considered such an exceedingly upright man that no position was thought too good for him. When the Dime Savings bank got run down he was chosen treasurer, and under his management its deposits increased from a few thousands to over $166,000. The first suspicious circumstance connected with Mr. Ogilby's management of the bank's affairs occurred recently, when Assistant Secretary John Wyckoff of the bank reported to Willard P. Voorhees, one of the managers, that Mrs. Ogilby had been taken ill in church, and reminded Mr. Voorhees that Mr. Ogilby was also ill. The gentlemen then remembered that the annual statement of the bank had not been ready on February 1 when it was due. On February 3 a statement of the bank's condition was published: No affidavit showing that the board of directors examined the accounts accompanied the statement. Mr. Ogilby is one of the managers, but his mania keeping him at home, the remainder of the board began an examination of the bank books. This work when completed showed a deficiency of nearly $80,000. When the condition of the bank had been ascertained, six of the managers sent a petition to Chancellor Runyon, saying that depositors could not be paid unless the assets were sacrificed. The chancellor returned an order for the bank to cease receiving deposits and making payments, and that the managers send him a true statement of the affairs of the bank. There has been no run upon the bank, and the people of New Brunswick have accepted the situation very quietly. A great many of them even sympathize with Mr. Ogilby, who is still looked upon as a man of great financial ability. It was rumored freely about New Brunswick that Mr. Ogilby had been dabbling with stocks in Wall street, and that the real estate that stands in his name, which includes a number of valuable places in New Brunswick, is heavily mortgaged. Mr. Ogilby has a wife and two daughters, both young ladies, who move in the best society in New Brunswick. Mr. Ogilby is one of the State Riparian commissioners, a vestryman of Christ's (Episcopal) church, and has been secretary and treasurer of several building loans, the last of which was the Citizens', which was wound up some time ago. He is a heavy stockholder in the New York and New Brunswick Steamboat com any. All political parties had such faith in him that his selection for the office of city treasurer gave universal satisfaction. A few weeks ago Mr. Ogilby sent in his resignation as city treasurer, and the authorities of New Brunswick were still busy trying to induce him to withdraw it when his present attack of acute mania was announced.