New Mechanical Principal

Declaring that he has discovered a new mechanical principle of great economic value, Nikola Tesla has organized a power machinery company to place his invention on the market.

It is called the Tesla Propulsion Company of New York and has just been incorporated at Albany, being described in the charter as organized to manufacture motive power machinery, with a capital of $1,000,000. The directors include Nikola Tesla, Joseph Hoadley and Walter H. Knight, of New York.

Following the incorporation of the company, Mr. Tesla announced 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, "but I shall not be in a position to make known the details and exhibit the principle in operation for perhaps six weeks.

"It is a principle which minimizes the size of the power producing plant and increases to a maximum the power produced.

"The apparatus we will build for the Alabama concern will not be one third the size of the ordinary air blast machinery equipment for such work, and the air blast and other effective results will be far superior in volume and value to those at present generally used.

"In connection with this 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, automobiles 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."

Mr. Tesla stated that machines of several types had been built and that successful demonstrations had been given with them to his associates in the new company and to representatives of the Alabama company.