At the Democratic Convention for the nomination of a presidential candidate held at Baltimore in 1912, he led on 27 ballots, and had a clear majority on eight, but he was finally defeated by Woodrow Wilson of New Jersey.
The same year he strongly supported Woodrow Wilson for president and on the latter's election was appointed Assistant Secretary of the Navy in 1913.
He was a strong sup p orter of Woodrow Wilson for president; and on the latter's election he was appointed, in 1913, Secretary of the Treasury.
He was nominated for vice-president on the ticket with Woodrow Wilson at the Democratic National Convention in 1912 and was elected.
"Sovereignty resides in the community" (Woodrow Wilson, p. 1448).