out harm. Nice trick! When the royalties owed to Tesla started to exceed $1 million, Westinghouse ran into financial trouble. Tesla realized that if his contract remained in effect, Westinghouse would be out of business and he had no desire to deal with the creditors. His dream was to have cheap AC electric available to all people. Tesla took his contract and ripped it up! Instead of becoming the world's first billionaire, he was paid $216,600 outright for his patents. In 1898, he demonstrated to the world the first remote controlled model boa t in Madison Square Garden. Tesla had a dream of providing free energy to the world. In 1900, backed by $150,000 from financier J.P. Morgan, Tesla began construction of his so-called "Wireless Broadcasting System" tower on Long Island, New York. This broadcasting tower was intended to link the world's telephone and telegraph services, as well as transmit pictures, stock reports, and weather information worldwide. Unfortunately, Morgan cut funding when he realized that it meant FREE energy for the world. Tesla ran into financial trouble after Morgan cut funding for the project and the tower was sold for scrap to pay off creditors. The world thought he was nuts - after all, transmission of voice, picture, and electricity was unheard of at this time. What they didn't know was that Tesla had already demonstrated the principles behind radio nearly ten years before Marconi's supposed invention. In fact, in 1943 (the year Tesla died), the Supreme Court ruled that Marconi's patents were invalid due to Tesla's previous descriptions. Still, most references do not credit Tesla with the invention of radio. (Side note: Marconi's radio did not transmit voices - it transmitted a signal - something Tesla had demonstrated years before.) At this point, the press started to exaggerate Tesla's claims. Tesla reported that he had received radio signals from Mars and Venus. Today we know that he was actuall...
