New Power Secret

NEW YORK, May 25. — Following the incorporation of the Tesla Propulsion company, with $1,000,000 capital stock, at Albany, to exploit one of Nikola Tesla's inventions, Mr. Tesla announces the adoption of the device by the Alabama Consolidated Coal & Iron company.

"I have discovered a mechanical principle, entirely new and of the greatest economic value," Mr. Tesla said: "It is a principle which minimizes the size of the power producing plant and increases to a maximum the power produced.

"In connection with this first plant, I will install a turbine of my own invention, and the air blast will be supplied under a turbine principle. This new mechanical principle I have discovered is applicable to air, steam, gas or water power, and may be used for locomotives or any form of power production. With it a locomotive as powerful as any now used would need to be less than half the size,"