Where the article first refers to "off-hook" voltage, it should be "on-hook" voltage. When the phone is on-hook, it presents (approximately) infinity ohms of resistance to the line. The reactive load will obviously be a lower impedance because of the capacitor-coupled ring circuit.
On some of the pre-ESS (GTE) switches I phreaked on as a kid, the polarity of the DC voltage going to the calling phone would reverse when the phone being called was answered. You could put a diode in the right direction on the calling phone and it could only ever receive calls thereafter. If an outgoing call were placed, it would dial and ring, but would disconnect (hang-up) when the remote side answered. You could also put an LED across the same diode (oppositely polarized) and it would light up to show you when the remote phone was answered.