Tesla's Vision Of The Wireless Global Communications

March 12, 2004 Kwantlen College

Ljiljana Trajkovic, Simon Fraser University

Financial troubles

nBy the Summer of 1902 Tesla had shifted his laboratory operations from the Houston street Laboratory to the rural Long Island setting and work began on development of the station. nConstruction had been made possible largely through the backing of financier J. P. Morgan who had offered Tesla $150,000 towards the end of 1900. nBy July 1904, however, this support had run out and Tesla was compelled to pursue alternative methods of financing. nIn spite of valiant efforts to maintain the operation, income dwindled and his employees were eventually dropped from the payroll.