Not even Wall Street claims that it is infallible, yet the bets on the election, registered with betting brokers there, have their effect upon business confidence and are usually right in the odds prevailing shortly before the presidential contest. In 1908, odds were between 3 to 1 and 5 to 1 on Taft; his popular vote was 7,679,006 to Bryan's 6,409,106. In 1912, odds ranged between 8 to 5 and 5 to 1 on Wilson; his vote was 6,286,214 compared with 4,126,020 for Roosevelt, and 3,483,922 for Taft.
In the exceedingly close election of...
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