The St. Louis Republic. [volume] (St. Louis, Mo.) 1888-1919, 1903-07-06

, West, where financial operations relate al
most exclusively to raising crops and max
ing things to trade for them rather than TO
the stock market
This Middle Western mind has difficulty
in understanding why moving the crops
: In October should depend upon whether the
! bulls or the bears have the upper hold in
the stock exchange pit in May or June or
July.
Out here. where Mr.. Cannon lives and
moves and forms his conclusions. the belief
! is general that stocks are now selling for
about all anybody would pay for them on az.
investment as distinguished from a specula-
tive basis
A twin belief in view of the experience of
| the last few years Is that legislation to
swell IN marked degree the volume of cur
rcncy would be legislation in the interest of
stock speculation rather than in the interest
OF moving the crops and generally safe
! ard legitimate business
Mr.. Cannon is plainly annoyed by the
way he has been represented in some East
ern journals as being ready to use the
speakershp power soon TO be his to block
currency legislation. While he believes as
he has stated. that such legislation is I'M
necessary. he resents the assumption that
he intends to be dictator or presumes to
speak for the other 1856 members OF the Ma
tional House of Representatives whenever
this or similar point is touched.
FALSE REPORTS AFLOAT
Mr.. Cannon insists that the Speaker is
only member OF the House and. as
Speaker. is the servant OF the House-ut-
terly powerless and useless without a ma
jority at his back. Experience in Wash
ington has taught that reports such as this
OF Mr.. Cannon's intention to block" cur
rency legislation are sometimes set afloat
by persons having Interior motives.
This one. for example. may have origi-
mated with somebody who has a scheme
a thousand miles removed from currency
TO work through Congress, and who wants
TO get the Speaker into such snarl
or fight on the one question that he will
need to make terms on another question.
Mr.. Cannons feeling as to this report
seems to relate more to what the people
think of 1t than to any credence his fellow
members may give II. He does not fear
belief in il by any man who has served with
MIN in the National House. Being of
philosophical bent. however, he assumed
the idea to put this raging from the East
into the same category with the ninety-five
degree temperature and a call from the
Immortal ]. NJ who. as a classmate of
Mr.. Cannon in the Cincinnati law school
when both were boys. has the Speaker-to-
be on his regular calling list
Having disposed OF the currency question
as told and of the Immortal J. N" with
a silver dollar Mr. Cannon hoped aboard
to go out to the Soldiers Home to in
troduce Bishop McCabe as the orator OF the
day to Fourth of July crowd.
Dir. Cannon expects that Congress will
be called in extraordinary session about
November TO take up the Cuban reciprocity
question. That will give him a month as
Speaker In which TO make up the House
committees and get ready for the regular
session in November.
Nothing is likely to be done. No effort
will be made TO touch the tariff at the regu-
lar short session. he believes because there
will not be enough time for that. since tariff
revision always means much trouble in rec
onciling conflicting interests.