Inventor Tells Court He Is Living Mostly on Credit — Personal Tax Is Sought.
New York, March 20. — A receiver was appointed 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 $500,000 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.
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