OCR Text |
Show Indian Manufacturer Fails To Spend Four Million in U. S. NEW . YORK. K. N. Modi, wealthy Indian manufacturer, arrived ar-rived in America with four million dollars in gold to spend in 30 days flat for industrial equipment. He couldn't get what he wanted In England, so he came to America for action. He got it. And he spent at the rate of $16.29 a minute night and day. But he had to admit failure. He is flying back to his home in Mod-inagar, Mod-inagar, India, with two million dollars dol-lars unspent. "However," he added brightly, "I'm going to spend the rest from India on American equipment as soon as I can close the deals." Most of the money was spent on machinery for making margarine, textiles and caustic soda and equipment equip-ment for a solvent extraction plant. Modi smothered his disappointment disappoint-ment over being unable to spend fast enough with admiration for efficient ef-ficient American business methods. "And there were hundreds of letters let-ters from people wanting to help me spend my money," he said. "I kept two stenographers busy just answering letters. Every one I answered." |