National Affairs: Bets

Off to Europe on vacation last week James Watson Gerard, U. S. Wartime Ambassador to Germany and current chairman of the Democratic National Finance Committee, made news by announcing that he had posted $20,000 to be wagered on President Roosevelt's reelection. "I'm offering 2-to-1 odds," trumpeted this old-time Democrat, "and no takers yet. How strange! But there you are. That will show you better than anything else how confident I am of a Roosevelt victory."

To test the reported willingness of bankers & brokers to back Alf M. Landon at 5-to-8 odds, the pro-Roosevelt...

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