INDIA: Down to His Last Palace

"My daughter," the elder John D. Rockefeller is supposed to have told a cab driver who complained that she gave bigger tips, "has a very rich father, I haven't."

The same can be said of pomaded, 49-year-old Azam Jah, Prince of Berar and eldest son of India's wizened, 72-year-old Nizam of Hyderabad. Nobody knows exactly how rich the Prince's father is. For one thing, a pack of rats recently chewed their way through $8,000,000 in currency stored in moldy trunks in the Nizam's palace vaults, leaving their value in question. For another, the old Nizam abruptly fired a man hired...