Perth Amboy evening news., 1923-11-15
Ii Democrats PICK Ford
WaU Street Bets Thai
He viii Beat Coolidge
BY ALEXANDER HERMAN
NEA Service Staff Writer

copyright, 1928, by NEA SerVice)
NEW YORK, Nov. 15:-This is
what the big bettors of Wall Street
think of the forthcoming presiden-
tial election:
1. President Coolidge is an odds-on
favorite, not only for the Republican
nomination, but for election-1 to 3
on the nomination, and l to ? on the
election.
2. Ford is the only mar who is
believed to have a chance of defeat
ing Coolidge-but he must get the
Democratic nomination to do it.
8. The odds against Ford's getting
the Democratic nomination are 4 to
Y A.. But If Ford is the Democratic
nominee, he will become the odds
on favorite against Coolidge at 2
to 3.
5. If, however, Ford runs on a
third ticket, Ford and Coolidge will
be at ever money; with the odds in
each case at 2 to 8 against the field,
and the Democratic nominee run
ming 8 to l..
These views do not necessarily re-
fleet the political sentiment of Wall
Street, but they do reflect its betting
judgment as voiced by Jean DE
Chadenedes, a Wall Street broker
who, together with his brother Guy,
have handled some of the largest
political bets made during the past
ten years.
Many big wagers have already
been made, the largest being a bet
Of 100000 hat Henry Ford will not
be the next president. Lloyds of
London has taken the long end of
the bet, by issuing two policies of
$500, 900 insuring his defeat: and a
big western operator who has won
millions in his time, is covering the
short end by paying the premium of
$685.
other heavy wagers are under
way. And Wall Street, which be-
lieves itself to be the pulse not only
of Big Business, but national politics,
is beginning to perk up interest in
the election.
Andrew w. Mellon, James e.
Watson, Henry Cabot Lodge and
Nathan l.. Miller, former governor
of New York, appeared among the
leading Republicans. But they are
not among the leading twelve, either
for the nomination or election, in
the list now.
Among the Democrats Carter
Glass, cambridge Colby, Senator
Edward I. Edwards and Josephus
Daniels have dropped.
1t is expected that the odds will
close up further as the time OF the
nominating conventions draw near.
at isn't human nature" says De
C~hadenedes, "to start big betting
when the decision as to who will be
the respective candidates is still very
much clouded. But betting interest
will soon start picking up. I think
that this campaign will probably set
a record for betting.
"A greater interest is shown on
the possibilities for the nominations
than ever before.
"Hughes, next to Coolidge, seems
TO be the strongest Republican pos
sibility with Clifford Pinolot, Her
bert Hoover and Hiram Johnson,
almost as strong. The shade be-
tween them is so small that it isn't
reflected in their odds.
mong the Democrats McAdoo
and Senator Samuel NJ. Ra1ston,
whose strength seems to be increas-
ing steadily, seem to have the best
chance among the regulars.
Ford Is tho unknown factor. But
the odds on him are closing up rap
idly. They were about Ill when
the 100000 bet was made; and now
they are Al. Cox, AL Smith and
Senator Underwood are close be-
hind"
Betting odds in Wall Street on the
election follow:
RaDuhlioaus