New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1905-10-12
VINDICATES COL. GREENE
TUSTIN RETRACTS ALL.
Has Quarrel 5oith Partner, and Says
He's SOrry for His actions.

Tho long drawn ont attack OF F.. B. Tustin
and a dozen others. said to be associated with
him. on Colonel w. c. Greene and the Greene
Consolidated Copper Company, came to a. Gil
max yesterday afternoon when in the presence
OF Colonel Greene and others. Mr. Tustin re-
tracted all the derogatory statements made by
him regarding the worthlessness of copper
stocks, and practically admitted that all he had
said was tissue of falsehoods.
The retraction was in the form Of a letter,
made public last night by Colonel Greene's
friends which. they say, Tustin wrote in the
New York Athletic Club house yesterday after
noon of his own votion The retraction fol-
low ed a meeting OF the directors Of the Greene
Consolidated Copper Company at which Mr.
Tustin was dropped from the board, though ne
had not taken part in the affairs of the COM
pany since the formation of the Cayamaca Min
ing Company, in which he and Amos Evans and
others are interested. The offices Of this COM
pany are at No. 40 Broadway.
The friends Of Colonel Greene say Tustins
letter of retraction is a vindication for the
colonel Colonel Greene would make no COM
Inent on the letter. Tustin. at 1870 this morn
ing is to turn over to Colonel Greene affidavits
and other valuable papers, now in safe at his
office all bearing on the Greene affair. The let
ter follows:
Colonel w c. Greene. "a Broad-st., New-YorR
My Dear Sir: Referring TO my recent conversa11
ton with Mr.. Borden, your assistant secretary,
that have been made to me, feel that you nave
been wronged, which I very much regret. ana l
desire to state that many OF the statements made
regarding you and the corporations you represent
as coming from me- are absolutely without founda-
ton and unauthorized, all of which deeply regret
Yours very truly r. b ICo LIN
Prior to the meeting at the New-York Atm
letic Club there was stormy meeting at NO
20 Broadway between Tustin and Evans. The
affair became so lively that. for time. police
intervention was threatened, but it wound up
In Mr. Tustin hiring detectives to guard the
office all night to prevent any one from carrying
off the safe.
People close to Tustin say that he is sick
and that his physical condition had a great deal
10 do with the confession. Tustn is said to
have been worth 100000 at one time, but his
retractiOns. finanCers say, mean his complete
ruin. Colonel Greene'S friends urged him to
proceed Criminaly against Tustin. but he said
Tustin is in debt to Colonel Greene TO the
extent of 100000 advanced him without note
and that Tustin admitted this at yesterdays
meeting. The attacks Colonel Greene's In
forests "a said have cost him close to
81. 600.
Central Park West, first denied that there had
been any trouble, then admitted that he had
had some hot words with the bookkeeper of the
concern. OnlOokers say he tore the shirt off the
boOkkeepers back, but Evans said this
eXaggeraton.
keeper some orders which l didn't approve. 1t
was bad policy, and I demonstrated. That's all.
AS to Mr.. Tustin's cOnfession-well, that's be-
tween him and Colonel Greene