While the Tsar still sat his Throne, one Ivan Ivanovich and some 6,000 other Russians yielded to the blandishments of U. S. insurance agents, took out policies with the Equitable Life Assurance Society. They particularly liked the clause protecting claims "with all the property of the Equitable wherever located."
Once the Revolution burst, the new Government promptly seized $20,000,000 of Equitable assets in Russia by outright confiscation. Then one day to Ivan Ivanovich went a Bolshevik agent with further blandishments. "Comrade, your policy was of course nullified in Russia along with other capitalist contracts by a Soviet decree. You might be able...
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