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OSCAR L. BALDWIN, late cashier of the wrecked Mechanics' Bank, of Newark, N. J., has filed his answer to the application of the Receiver for a permanent injunction restraining him from disposing of his property on the ground that he had- applied the bank funds to his own use, in which he denies that any part of the banks money was ever improperly diverted to his own use, and explains in detail how the several funds with which he is charged with transferring to his own use came into his possession. He tells, in a long narrative, the true story of his life, how he began- work in the bank as messenger, rose to be cashier, and finally, in 1872, was induced by the representations of Christopher Nugent, of Nugent & Co., morocco manufacturers, to extend his line of credit to the amount of $147,000. He says he concealed this fact from the Directors, and that Nugent, on learning this, used it to force him to continue the loans until the time of the failure, when they amounted to $2,400,000.