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 New York Daily News sent a newshawk to Wall Street with $1,600 in cash. Unable to find anyone to bet $1,000 on the Republican nominee, the newshawk reversed his position, promptly discovered a Roosevelt supporter who bet $1,400 against his $1,000 that the President would win.

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