Tesla Propulsion Company

The Tesla Propulsion Company, with $1,000,000 capital stock, has been incorporated at Albany, N. Y. The directors include Mr. Nikola Tesla, Mr. Jos. Hoadley and Mr. Walter H. Knight. Mr. Tesla said the company will manufacture apparatus constructed on a mechanical principle of his discovery, entirely new, and of the greatest economical value, the details of which he will make known in about six weeks. The principle, he says, minimizes the size of a power producing plant and increases to a maximum the power produced. A plant now being built for the Alabama Consolidated Coal & Iron Company will not be one-third of the size of the ordinary equipment for its work, while the air blast which it will include and other details will have a far superior value. In connection with this plant Mr. Tesla said he would install a turbine of his own invention, and that the air blast will be supplied under the turbine principle. The new mechanical principle involved is applicable to air, steam, gas and water-power, and may be used for locomotives, automobiles or any power application. With it a locomotive as powerful as any now used need not be half the present size.