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To: Drammach
"Tesla magnanimously (stupidly) surrendered his rights to royalty payments

This is just NOT SO. Westinghouse was in a hostile takeover.
J. P. Morgan, hoping to bring all U.S. hydroelectric power
under his control, proceeded to manipulate the stock market
with the intention of starving out Westinghouse and
buying the Tesla patents. Thanks in part to Tesla, this
did not happen.
81 posted on 01/13/2005 10:32:54 PM PST by DaveTesla (You can fool some of the people some of the time......)
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To: DaveTesla
We'll have to differ on interpretation on that one..

from your former post:
Tesla took to the grave with him a $7.00 a horsepower royalty (about a penny a watt) for anything that produced or ran off alternating current. this he gave up to keep his system from being monopolized and to save George Westinghouse form a hostile takeover.

If he gave it up, how could he take it to his grave??
He had it, he gave it up to help Westinghouse, who was crying that the royalties were too much, that it would be the end of his business..
Westinghouse could have re-instated those royalties once the company was secured.. He didn't.. Never even offered..
Not necessarilly Westinghouse's fault, he was a businessman in the "robber baron" era, and did what he had to..
But the fact remains, Tesla gave up those rights..

82 posted on 01/13/2005 10:40:43 PM PST by Drammach (Freedom; not just a job, it's an adventure..)
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