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How J.P. Morgan and Rockefeller robbed you of your future...

 
Anonymous Coward
User ID: 1200397
United States
12/29/2010 09:33 PM
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How J.P. Morgan and Rockefeller robbed you of your future...
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.....
Anonymous Coward
User ID: 1211732
United States
12/30/2010 03:27 PM
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Re: How J.P. Morgan and Rockefeller robbed you of your future...
No bites? Really?
Anonymous Coward
User ID: 1210969
United States
12/30/2010 03:36 PM
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Re: How J.P. Morgan and Rockefeller robbed you of your future...
bump A lot of needless death occured because of the greed of those robber barons.
zacksavage

User ID: 1139738
United States
12/30/2010 04:16 PM
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Re: How J.P. Morgan and Rockefeller robbed you of your future...
If such financial hardship was not placed on Tesla where would we REALLY be now in 2011? Stop and ask yourself that question.....
 Quoting: Anonymous Coward 1200397

How weird. I was thinking the same thing earlier today when some Shell Oil numbnut was talking about 5 dollar a gallon gas in 2012.


How many others have stopped???



Z
Free your mind,...your ass will follow.

--- parliament funkadelic
Anonymous Coward
User ID: 1163188
Australia
12/30/2010 04:16 PM
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Re: How J.P. Morgan and Rockefeller robbed you of your future...
Lets rob it back
YOU~CITY
User ID: 834627
United States
12/30/2010 04:25 PM
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Re: How J.P. Morgan and Rockefeller robbed you of your future...
bump

4 Tesla
Anonymous Coward
User ID: 1211745
United States
12/30/2010 04:30 PM
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Re: How J.P. Morgan and Rockefeller robbed you of your future...
Lets rob it back
 Quoting: Anonymous Coward 1163188

Patience.
M
User ID: 1216882
United States
01/04/2011 09:58 AM
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Re: How J.P. Morgan and Rockefeller robbed you of your future...
Lets rob it back

Patience.
 Quoting: Anonymous Coward 1211745


yes we should ....

Here is another angel...

... It goes back to the fight between Edison and Morgan on the control of the Edison Electric Company. Edison believed in an industrial model based on manufacturing. He insisted on DC for efficiency and for aspects related to local generation and local control of generation. Morgan wanted centrality and was fascinated by the prospects of using Tesla's (WH) AC generation and high voltage transformation to establish central monopoly. Edison lost to the bankers, Edison Electric became General Electric, and a few years later it was using tax payers money to monopolize distribution and was forcing the physical destruction of local DC generation, from farm wind generators to towns water dams. It also helped sell billions of short living light bulbs which can be made to last 100 times longer on DC. The overall loss of efficiency for DC is close to 40 percent even that most accept 15, but if we take into account the cost grid infrastructure and transformation it is much higher, in the hundreds. The nation and the world would have been much better if local DC generation would have stay the norm and dedicated AC transformation lines would have been built to satisfy demand for electricity as needed after local generation is maximized. The Enron's mentality was invented on Wall Street in Tesla's times and in the final analysis the high voltage national grid should have never been built. Public money and research should have been directed at local generation and the emphasis should have been on efficiency instead of building mammoth projects that have changed the way this planet look from space. If I am right we will see significant parts of the developing countries skipping the grid and adapting local DC generation just as they are skipping copper networks and adapting wireless. Thanks to wall street however US industry which provided local DC generation more than a century ago will have little to do with it and it is driven by Asia. Edison proved DC works and his DC lines still feed active subways and elevators in many places. Who said "kill all the lawyers?". Let's make it bankers...
Anonymous Coward
User ID: 1216909
Puerto Rico
01/04/2011 06:26 PM
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Re: How J.P. Morgan and Rockefeller robbed you of your future...
Here is another angel...

... It goes back to the fight between Edison and Morgan on the control of the Edison Electric Company. Edison believed in an industrial model based on manufacturing. He insisted on DC for efficiency and for aspects related to local generation and local control of generation. Morgan wanted centrality and was fascinated by the prospects of using Tesla's (WH) AC generation and high voltage transformation to establish central monopoly. Edison lost to the bankers, Edison Electric became General Electric, and a few years later it was using tax payers money to monopolize distribution and was forcing the physical destruction of local DC generation, from farm wind generators to towns water dams. It also helped sell billions of short living light bulbs which can be made to last 100 times longer on DC. The overall loss of efficiency for DC is close to 40 percent even that most accept 15, but if we take into account the cost grid infrastructure and transformation it is much higher, in the hundreds. The nation and the world would have been much better if local DC generation would have stay the norm and dedicated AC transformation lines would have been built to satisfy demand for electricity as needed after local generation is maximized. The Enron's mentality was invented on Wall Street in Tesla's times and in the final analysis the high voltage national grid should have never been built. Public money and research should have been directed at local generation and the emphasis should have been on efficiency instead of building mammoth projects that have changed the way this planet look from space. If I am right we will see significant parts of the developing countries skipping the grid and adapting local DC generation just as they are skipping copper networks and adapting wireless. Thanks to wall street however US industry which provided local DC generation more than a century ago will have little to do with it and it is driven by Asia. Edison proved DC works and his DC lines still feed active subways and elevators in many places. Who said "kill all the lawyers?". Let's make it bankers...
 Quoting: M 1216882


Why not both?
Anonymous Coward
User ID: 1212590
Sweden
01/04/2011 06:28 PM
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Re: How J.P. Morgan and Rockefeller robbed you of your future...
They took eeerrr jawbs!
Anonymous Coward
User ID: 1358632
United States
04/26/2011 11:32 PM
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Re: How J.P. Morgan and Rockefeller robbed you of your future...
bump

4 Tesla
 Quoting: YOU~CITY 834627


It's crazii humanity never changes nothing could ever be free Morgan ford and Rockefeller
All rich bastards feeding off of hard working Mericans centuries later after they destroyed a great man
Anonymous Coward
User ID: 1358632
United States
04/26/2011 11:34 PM
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Re: How J.P. Morgan and Rockefeller robbed you of your future...
bump

4 Tesla
 Quoting: YOU~CITY 834627


It's crazii humanity never changes nothing could ever be free Morgan ford and Rockefeller
All rich bastards feeding off of hard working Mericans centuries later after they destroyed a great man
af

User ID: 12006267
United States
11/25/2014 01:31 AM
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Re: How J.P. Morgan and Rockefeller robbed you of your future...
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.....
 Quoting: Anonymous Coward 1200397


idts