The sun. [volume] (New York [N.Y.]) 1833-1916, 1905-07-16
0ufPLANKED BY COL. GREENE
suBiFNEL OF DIVIDENDS FIRED
INTO THE ENEMY
a.fore They Could Drirg Injunction Heavy
Artillery Into Action The Colonel Also
Turns Loose His Legal and Literary
ta,airy Against Lieut..C0l. Tustin.


raj, ". C. Greene has scored again.
Tear aimee the rumpus In his Consolidated
Gold Company has been going on Col.
Greene has repeatedly asserted that the
rso,,ar July dividend would be declared
nd his enemies who had said that there
IA nract lcally no gold In his mines would be
oompletay routed. Late on Friday night
tbe executive committee Of the board Of
directors had secret meeting and deola red
. dividend OF 20 cents a share, and checks
for the dividend were mailed to stock
holders yesterday 1t lie not usual for the
.,eoutive committee TO declare dividends,
and Col Greene said in explanation Of tho
committee's hasty action:
owing to the fact that the ooterie Of
.neculators who have lately been interested
IN endeavoring to depress the price Of stocks
IN the Greene Consolidated Copper and
Greene Consolidated Gold companies had
aid short the dividends on more than
900 900 shares and had threatened injuno-
ton to prevent the payment OF q dividend
for the month OF July, and thereby en-
deavor 20 save the many thousands of
dollars loas which their aots entailed upon
them, the mana cement considered II best
TO pay the dividend without lengthy notice,
thereby avoiding the possibility that the
stockholders. through litigation, might be
deprived of the money due them for an
indefinite period,
a There have been persistent r,lmors OF
late that the faction opposed to COL Greene
were not only going to attempt to restrain
the further payment Of dividends, but
that the directors were to be sued for the
dividends already raid. on the ground
that thev hadn't been earned. 1t was
ad that Samuel Untemeyer was to bring
the suit. 1t is remembered that the first
report attacking the property declared
that only $500 worth of gold had been ex-
been in operation. Col. Greene has de-
rlared that more than 500, 900 has been
mined The dividend declared Friday
calls for about $50 900, and Col. Greene
.sid Yesterday that he hoped the next
dividend would he twice as large.
The Colonel not only declared a dividend
Yesterday, but he further relieved his mind
tv sending circular to the stockholders
and the newspapers describing a friend
Of his as like unto the rattlesnake which,
being hit hard strikes himself. burying
his fangs in his own flesh until he expires
bv the pure weight OF his own venom
hooks as immune against their own venom
but Col Greene il understood to mean
that II Il rattlesnake were not immune
against its own venom and did bite itself
to death it would proceed like man who
proceeded that way,
Col. Greene has sued Edward B. Tustin
for s?0o,6H. Greene alleges that Tustin
signed an agreement on Dec |, 1904, by
which he bound himself to carry 5000 sha res
Of Greene Consolidated Copper until the
stock should re ach $50, when Greene was to
receive 500 900 out Of the proceeds OF the ga le
Of the stock. and Tustin was to keep the
baance after the deduction of any moneys
that Greene might have advanced to Tus-
tin. An account started between Greene
and Tustin on April 4, 1908 according to the
complaint. showed that Tustin owed him
SIS, 825. and since the date Of the agree
ment $45 O45 more has been advanced by
Col. Greene.
On the date OF the agreement Tustin had
67ss shares, and, according to Greene, OF
this il was stipulated that Tustin should
hold at least S 900 shares under the agree.
ment This the Colonel alleges. through
q relation Of trust between them, which for
babe Tustin from doing anything adverse
to Greene's interest.
Instead of living up to the agreement,
Greene complains. Tustin has spread false
reports concerning Greene's mana gement
the expected rise in the price of the stock
has not come, and Furthermore he has sold,
loaned or transferred so many OF his shares
that he no longer holds the necs ssary 5000
shares and could not carry out his agree.
ment If the stock did rise in price. Col.
Greene therefore asks the courts to decree
that the agreement is void. and to grant
him Judgment for the full amount OF his
claim against Tustin.
MI, Iustn, who was one OF Col. Greene.
directors, hired miner. Janice o. Glover,
10 make report on the Greene Consolidated
Gold Company. and Glover made the report.
saying that only $500 OF gold had been
mined