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Subject How J.P. Morgan and Rockefeller robbed you of your future...
Poster Handle Anonymous Coward
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It goes back to Nikola Tesla and Edison. Their war of DC vs AC current, and what would better suit the world for electrical power transition.

In 1897, the War of the Currents between AC and DC or between Westinghouse and Edison continued unabated. In 1895, Tesla's laboratory in New York City was totally destroyed by fire. Half a lifetime of priceless inventions were destroyed. Tesla usually worked through the night, but that particular night he was not in his shop, and miraculously escaped death.

Huge mergers took place between J. P. Morgan and Rockefeller controlled companies like Thomson-Houston and Edison General Electric to form the present day General Electric Company. This new General Electric Company tried to take over Westinghouse and force them to abandon AC. They insisted that Westinghouse STOP paying royalties to Tesla:

Now you have to understand, George Westinghouse bought all of Teslas AC power patents AND agreed to royalties of one dollar per horsepower. Back in the time period this occured that had to be a tremendous amount of money.

So here we have J.P. Morgan and Rockefeller putting the squeeze on Westinghouse.,Teslas financier for his visions.

""One of the requirements was that Westinghouse get rid of the contract with Tesla calling for royalty payments of $1.00 per horsepower on all alternating current articles sold under his patents. Financial advisers pointed out that if the business which Westinghouse expected the company would do under the Tesla patents in the ensuing year was anywhere near as great as estimated, the amount to be paid out under this contract would be tremendous, totaling millions of dollars; and this, at the time of reorganization, appeared a dangerous burden, imperiling the ability which they were trying to attain for the new organization. Westinghouse strenuously objected to the procedure. This patent-royalty payment, he insisted, was in accordance with usual procedures and would not be a burden on the company, as it was included in costs of production, was paid for by the customers, and did not come out of the company's earnings. Westinghouse, himself an inventor of first magnitude, had a strong sense of justice in his dealings with inventors.""

What amounts to a very selfless act Tesla rips up his royalty contract and saves the Westinghouse company from bankruptcy under the soul hope that Westinghouse would go into the world and deliver his AC technology to the masses. Westinghouse did just that...

"It would be a tough job for any executive, no matter how shrewd or clever, to talk a man out of a contract that would net many millions of dollars, or induce him to accept a reduction in rates amounting to millions. Westinghouse called on Tesla, meeting him in the same South 5th Avenue laboratory where he had purchased the patents four years before. Without preliminaries or apologies Westinghouse explained the situation.
"Your decision," said the Pittsburgh magnate, "determines the fate of the Westinghouse Company." "Suppose I should refuse to give up my contract; what would you do then?" asked Tesla.
"In that event you would have to deal with the bankers, for I would no longer have any power in the situation," Westinghouse replied.
"And if I give up the contract you will save your company and retain control so you can proceed with your plans to give my polyphase system to the world?" Tesla continued.
"I believe your polyphase system is the greatest discovery in the field of electricity," Westinghouse explained. "It was my efforts to give it to the world that brought on the present difficulty, but I intend to continue, no matter what happens, to proceed with my original plans to put the country on an alternating current basis."
"Mr. Westinghouse," said Tesla, drawing himself up to full height of six feet two inches and beaming down on the Pittsburgh magnate who was himself a big man, "you have been my friend, you believed in me when others had no faith; you were brave enough to go ahead and pay me a million dollars when others lacked courage; you supported me when even your own engineers lacked vision to see the big things ahead that you and I saw; you have stood by me as a friend. The benefits that will come to civilization from my polyphase system mean more to me than the money involved. Mr. Westinghouse, you will save your company so that you can develop my inventions. Here is your contract and here is my contract—I will tear both of them to pieces and you will no longer have any troubles from my royalties. Is that sufficient?"
Matching his actions to his words Tesla tore up the contract and threw it in the waste basket; and Westinghouse, thanks to Tesla's magnificent gesture, was able to return to Pittsburgh and use the facilities of the reorganized company, which became the present Westinghouse Electric and Manufacturing Company, to make good his promise to Tesla to make his alternating current system available to the world."


By cheating him out of millions in royalty payments, Morgan and Rockefeller put a financial squeeze on the great inventor. Tesla had already lost a fortune because of the arson to his laboratory, and now he was severely strapped for cash to perfect his latest inventions. The arsonists could squeeze him financially, but they could NEVER stop the Niagara of new inventions that kept flowing from his fertile brain.


The old saying that comes to mind with all this is. "The more things change? The more they stay the same."


Here we have two names that occur alot these days whenever we talk about the NWO or how the "bankers" run this country. J.P.Morgan and Rockefeller. The man that wanted to give you all FREE energy, Nikola Tesla, has his lab burned to the ground!!!! All the scientific findings and technology gone forever!!! Sure we can never prove that but isn't it odd?? That over a century ago we see a person who was not financially motivated be bullied by the banks. And we see the names J.P.Morgan and Rockefeller once again.


If such financial hardship was not placed on Tesla where would we REALLY be now in 2011? Stop and ask yourself that question.....
 
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