Dear Mr. Baruch
Politically and privately, the years between 1918 to 1930 signified for Jimmy Byrnes a passage to disillusionment. Byrnes began the decade of the 1920s with his hopes inflated by the possibilities of his becoming the Democratic party's minority leader or his winning a seat for himself in the U. S. Senate; but by 1929 Jimmy Byrnes was to be neither a congressman nor a senator, having experienced in 1924 the first political defeat of his career, and in 1929 he recognized the first signs of an economic depression that affected both him and everyone else in the nation. Byrnes was always quick-witted in turning these events to his advantage, and he went out of the decade of the 1920s in better shape than he had entered it, becoming by 1930 both a prosperous attorney and a senator-elect; but, in between, there were years of frustration.
Byrnes began the decade by losing a powerful patron in Woodrow Wilson. The Democratic president, weakened by a stroke in 1919, was unable to seek a third term in 1920 and retired from politics to an invalid life in his Washington home. Wilson died there in 1924. Byrnes himself for the first time in his career became a member of a congressional minority party, as the Republicans gained control of both houses of Congress in the