The letters F, M and R are due to repeat for the Democrats. This might mean Ford, McAdoo or Reed. According to the date of birth, cycle and numbers, McAdoo would have a much better chance of getting the nomination than Smith. Reed looks stronger than either of them. Governor Smith will continue popular and the possibilities of him being nominated will look promising until about May, 1928, when there will be a sudden change of public opinion against him. Support will be withdrawn and some of the strong Democratic leaders will turn to other possible candidates. Smith's name will no doubt come before the convention, but I see no chance of him being nominated. There is a strong indication that the man who will be nominated will be a "dark horse," a man probably born in May or June. Revolutionary changes are indicated. The question of the 18th Amendment is likely to split both of the old parties. A farm and labor party or some other political party may spring up and defeat both of the old parties. The public will be very much divided and sentiment will be badly mixed in the summer and fall of 1928. With the present data in hand and the events that are to follow the next Presidential election, my judgment is that a Republican will not be elected. The President who takes office in March, 1929, will start under very unfavorable conditions similar to those which faced President Wilson at the time he entered his second term and also conditions will repeat similar to those that followed the election of Abraham Lincoln in 1861. There will be trouble with foreign countries over immigration laws. Tariff will be a sore spot and cause disagreements with foreign countries. I will have my calculations made up for the stock and commodity markets for 1928 and 1929 soon and when they are completed will send a copy of them. There will be some big opportunities for long pull trading in stocks and commodities during 1928. I want you to be in on the deals with me and hope I can help you make a million dollars. ROBERT GORDON. CHAPTER XIX