Nikola Tesla Articles
Newspaper and magazine articles related to Nikola Tesla
Nikola Tesla Broke
March 18th, 1916
Page number(s):
7
Famous Inventor Testifies He is Living "Mostly on Credit."
New York, March 17. — A receiver was appointed today for Nikola Tesla, the inventor, in supplementary proceedings undertaken by the city in an effort to collect a judgment for $935 personal tax due in 1909.
Mr. Tesla, widely known for his wireless and other electrical devices, testified that he was living “mostly on credit” and that there were “scores of judgments” against him. He said he still was president and treasurer of the Nikola Tesla company. He once owned nine tenths of the corporation’s $600,000 stock, he stated, but had pledged most of it to build an electric plant. The company’s income now, he testified, is not enough to pay its expenses.
