German Merchant Practically a Prisoner Newchwang, May 30.
Prior to the liquidation of the Russo-Asiatic Bank here, Mr, Charles Lorenzen of Mukden'had a debt with them to the extent of $21,- 000. Nir. Lorenzen had been in business for himself before and the Russo-Asiatic were his bankers, but Mr. Lorenzen encountered bad times and government of trying to swindle public, ordering the mevehants to buy $1,500,000 worth of bonds, the money ostensibly to xo to the but in reality to be used my. Other speakers at Jo recent meeting of the representatives of the. idle workmen declared wuphatically that not an inch of was compelled to close up, eventually securing employment with Chinese. He effected an arrangement with the bank whereby he was to pay a certain sum montily spread over a number of yenrs. Now, however, that the bank has gone into liquidation, the local liquidators have taken action against My. Lorenzen, effort to get him to square the whole of his indebtedness in one lamp si He was called down here from M den a few days ago for a conference and ever since he has been held here at the Astor House hotel virtually a ground should be given up, that] prisoner, at his own expense, with nisse to pay the|detectives keeping a sharp watch lace of the $100 which was toj over him, Kept, The point, naturally, is thin: see-will not move out of their ing Mr, Lorenzen and the Russo-halls und dormitory, and will Asintic Bank had already agreed insist on the government support-upon the matter of reimbursement, them so long as the gover ave the liquidators entitled to en-ment itself endures. These state-force a different mode of settlement nests were seluforced by a pudtic upon the debtor? Needless to sy, novneement issued the next day the loner Mr. Lorenzen is held by! which the workmen eid ji so many the liquidators here, the more will he words that they would not obey be unable to effect arrangements in any order ousting them from the respect of his debt with the defunct property which they are occupying. bank, So far as ie known, his Chie telegram has been sent to[nese employers are willing to Chiang Kai-shek asking guarantee his debt if spread over a are being thus treated, went out on strike at ho request of the government as patriotic move, pumper of years but the liquidators are practically insisting upon a Hop sum payment, Mr, Lores mn, who, by the wa a German izen, i a brother of Mr. Max Lovenze: the well-known Tien=
Text read from the printed page and cleaned; old type leaves the occasional error.