Tesla Will Cause a Wall Street Crash

A Revolution to Follow the Proper Development of Our Water Power, He Says.

WHY HE COMES TO LONG ISLAND

IT'S THE CENTER OF HUMAN ENERGY IN THIS COUNTRY.

Inventor Talks of Some of His Remarkable Schemes — Has All the Financial Support That Is Necessary.

(Special to the Brooklyn Times.)

WARDENCLYFFE, Sept. 5. — Nikola Tesla visited this place yesterday to supervise some of the work of construction of his electric plant here. As yet only preliminary work is being done. The tract of 1,500 acres which Mr. Tesla has acquired is rough, and practically in its natural state. It is susceptible of the highest development, and that is what it will get if Mr. Tesla's plans are carried out.

Mr. Tesla is greatly pleased with the afte for his plant. He proposes to make Wardenclyffe his headquarters. The work of erecting buildings and machinery will proceed as rapidly as possible. A large force of men t now at work on the grounds. At present the laboratory and minor buildings are being constructed. All the work now in progress is preliminary. Nothing will be done. on the electric plant proper until the preliminary work is completed.

"The situation is just this," said the inventor. "All my work is done on entirely new principles. It is a radical change from all other methods. The apparatus must be different from anything now in use. Much of It I shall have to make. While I have demonstrated the practicability of the theorles I have evolved, I am unable to find in the market the tools and other implements with which to work. I am venturing into an unknown world of thought. As I explained in an article in the Century, some four years ago, I make use of the earth itself as a conductor of electricity. I am able to send messages practically anywhere on this earth, and not only that, but I can also transmit electrical power to distant points by the same method.

"One plan that I have in mind is that of supplying power to Great Britain from Sweden. As you know, Great Britain is approaching the point where its coal supply I will be exhausted. It must look to some other fleld for its energy. Sweden has enough water power to spare to supply the electric current to turn every wheel, to light every lamp, to heat every stove in Great Britain. The distance between the two countries is not great. The transmission of power can be accomplished by my system without appreciable loss. I propose to do it.

"The United States, you should know, has more water power than any other country. Its possibilities are enormous. The development will work wonderful changes. I have already given the public warning — a serious warning — that there will be alarming revolutions in the stock market when this development is accomplished. Present systems are bound to be changed. There will be startling changes. But I am not juggling with stocks. I am not interested in them. My heart and soul are in the scientific attainments, in the accomplishment of that which heretofore has not been done.

 Asked In what particular Wardenclyffe is especially favorable as a site for his plant, Mr. Tesla replied:

"It is a most beautiful territory. This North Side of Long Island is a paradise. Look at it! Where do you find such country? Where are prettier hills and valleys and water scenes and woodland and meadows? And see! It is as yet unappreciated. The people have not found it. The time will come when there will be better railroad service here, when there will be more trains, and they will make faster time. There will be more people of good taste and of wealth here. The North Side of Long Island will be a continuous chain of handsome homes. I am glad to have my work place in such a community. Wardenclyffe is a good point from which to reach many places with which I shall want to communicate. Messages may be sent from there to Europe, to points along the American coast, to Cuba, with but little resistance. Other points on Long Island would do equally well. There are places in this country from which I could conduct my business with the expenditure of perhaps twenty-five per cent. of the power that will be required at Wardenclyffe; but other advantages equalize this point. The amount of power required is not great. For instance, a very small fraction of a candlepower is sufficient for the transmission of a message by my system. Remember, I do not use the rays which others use for the transmission of messages through the air. The earth is my conductor. Its possibilities in this respect are immeasurable.

"Yes, Long Island suits me. It is so near the centre of human energy in this country. It seems a part of it. It pleases me. I I want to see it developed and indirectly I shall do my share toward that development. It is not egotism to say that the eyes of the world are centred on the lines of work which I have undertaken. The work will succeed. You can foresee the result.

"As to the practical part of my preparations here, I am free to expend whatever I like to carry out my projects. American capital has been wonderfully generous. I have ample financial support. I have dem- onstrated to the satisfaction of moneyed men that I can do what I claim. The rest is easy."