Westinghouse Electric Company

At about the same time Thomson-Houston Electric Company under Charles Coffin, acquired a number of competitors and gained access to their key patents. After formal formation of General Electric in 1892 by the merger of Edison General Electric Company of Schenectady, New York, and Thomson-Houston Electric Company of Lynn, Massachusetts, Edison had lost the control of his company to professional managers and the conglomeration emerged under the banner of General Electric. GE initiated legal action against Westinghouse Electric Company over the patents for AC systems and though Westinghouse emerged the winner in the cases, the victory came at a huge cost. It left Westinghouse Company struggling for survival. In 1907, under such dire circumstances and with manipulation of financial markets by some vested interests opposed to Dr. Tesla the stock prices for Westinghouse’s company were made to crash.

tesla_niagara

This was when Dr. Tesla once again came forth to the aid of Westinghouse. Dr. Nikola Tesla actually tore up his contract worth $12 million with Westinghousein which Westinghouse had promised to pay Dr. Tesla $1 for every horsepower of energy generated by his Company using the AC patents of Dr. Tesla. Interestingly bankers estimate this contract to be worth more than $300 million in today’s times.

Dr. Tesla let go these financial benefits just to keep afloat company of Westinghouse who had helped him in his initial struggling days and also to provide cheap electricity to the common masses. This selfless act of Dr. Tesla helped to prevent the takeover of the Westinghouse Electric Company by J.P. Morgan and also prevented the establishment of a monopoly in power generation thus allowing the common man, access to cheap electricity. Due to selling off his patents and cancellation of his contract worth $12 million, Dr. Tesla’s stable earnings dwindled drastically but yet he cared only for one thing and that was betterment of humanity.

Dr. Nikola Tesla – Father of Humanoid Robotics

Every human born on planet earth is blessed with talent and individuality. It is something that no one can take away from him. Wealth, fame and all material things can be robbed, cheated and taken away but this individuality of his is God’s real gift to him. The desire to succeed in whatever field a person chooses is only met if he feels its need equal to the need of

Humanist Tesla

Life presents everyone with many ups and downs. Failure in our work, loss of a loved one or even a mere financial loss is sufficient to push the most optimistic individual into depression. Then just imagine how difficult it would be when one has to witness destruction of his dreams, his achievements and everything that he has worked for in his life. It indeed must be utterly devastating. Faced with

Fire at Dr. Nikola Tesla’s Laboratory

The story of  Dr. Nikola Tesla is one of faith, hope and belief. It is a story of what one individual can achieve and how a single person utterly dedicated to his cause and with unwavering faith in God can move mountains and change the world with his efforts. When we last saw Dr. Tesla at the World Columbian Exposition, the efficacy of the AC transmission system had been proved

World Columbian Expo - 2

1st of May 1893 marked the commencement of the World Columbian Exposition in a grand style and in full swing. There were almost hundred thousand (one lakh) people witnessing this great fair on the very first day. The spectators enjoyed the Exposition throughout the day visiting various places, buildings and special exhibits, and as the night fell, they were amazed as if a casting spell fell at the venue. Those

World Columbian Exposition

We all are witnessing Football World Cup craze at this moment. It is considered to be the world’s largest sporting event after Olympics. 32 nations are participating from all over the world with nearly 550 players actually playing in it. Around millions of spectators are expected to witness live action. Similarly back in year 1893, there was a huge event held in America with 46 nations and 2.8 crore people