Business: Status & Zelevart

Officials of Travelers Insurance Co. were disturbed last week. News was out that an unknown policy holder had threatened to commit suicide unless the company granted him a loan equal to one-third the face value of his policy. Warning the company that his policy was between $25,000 an'' $200,000, the holder directed Travelers to reply through the public notice column of the New York Times with the message: "Status—Proposal and conditions accepted. Signed: Zelevart." Though "Status" represented himself as a man who had frequently borrowed...

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