Omaha daily bee. (Omaha [Neb.]) 187?-1922, 1911-05-16
CANNON ADMIRES VESTS MEN
New York Banker Making Study Of
Business Types.
SAYS SPECULATION IS ON wANE
Visitor WIZ Deliver Address To-day
Before Religious workers and
TO Meet Finnnciers of
Omaha.


Fourth National bank of New York. IS
IN the city to remain until tonight. To-
gether with his party he IL stopping at
the Rome hotel. Mr. Cannon came west
4 on business trip and while he found much
10 interest him IN the matter Of effect
OF antitrust laws. loan expansion, crop
outlook and everything with which
scientific banker must be FAMILIAR. he
round more attractiveness in the type Of
western man than in anything else.
1 was Just remarking TO my wife this
evening at the dinner table that the west
possesses very fine body of men. / was
particularly Impressed with the quality
OF business men all through the west
Ihey have wide range OF vision, are
Keen and clean, which shows why this
western country Is building up so rapidly
The type OF man have found is a great
revelation TO me-"
Mr.. Cannon spoke interestingly Of SUI
preme court decisions. declaring that they
have been largely discounted and that
they Will not disturb general business con-
didons for any length Of time II believe
mat a clear Interpretation OF the anti
trust laws sustained by the United States
supreme court will be of the greatest
penetu 10 the country's business interests
Ihey have shown corporation managers
what they may and what they may not
90 in conducting interstate business under
the existing statutes"
Of course Mr.. Cannon had much 10 saw
ABOUT financial conditions, especially OF the
west He finds that last year, during a
period OF twelve months, all the banks
OUTSIDE OF New York showed a loan expan-
sion OF s616Oo0OOO. while during a like
period ending this year the expansion
70 Ace noa
that the banks OF the country are now In
much better condition and are getting
better all the time In this connection
the New York flnancier notices particularly
, the abandonment of the land craze. The
general attitude is now one Of permanent
investment rather than speculation.
Y Little Speculation Now.
There is very little speculation IN any
part or the country, east or west IN either
real estate or commodities" he declared
In TACT we find comparatively little spec
ulAuon In Wall street. The whole country
Is enjoying a much needed rest from epec-
uletion OF all kinds and 1t Is a good thing.
The banking conditions are much better
now than they were year ago. and the
last half OF the year will show a decided
Improvement over tho present period
Money is now easier than It has been for
some time, but of course. sasier In the east
than in the west
THE basic condition OF rl1veheerfu1 out
! look Is found in the crop outlook Of. the
west Everything, agrtcultlrally, in the
west II looking fne. the farmers are happy
ana 30 10 everybody else I.was very favor
ably impressed with the 1rouA conditions
especially as rode through Nebraska"
MIR. Cannon has been in tho. west in the
last five weeks. inauguratiner shis tour at
81. Louise The bank he represents has n
great many correspondents and friends IN
the westernEstates, and hes endeavored to
see as many of them as he could. He went
by southern route into Oklahoma and
Texas, thence. up the Pacific coast as far
as Portland. returning by way of Denyer
He arrived In Omaha Sunday svaning at &
o'clock in his special car over the Bur
linRtons accompanied by his wife. Mr.. and
Mrs. A T. Tamblyn and E w. Davenport
They start on their trip east at IO;4s
o'clock tonight. The visitors were met at
the depot Sunday by q committee composed
OF Luther Drake. George c. Wallace, Rome
Miller and Z. u. Graft.
At o'clock this evening me visitor
will meet with the local committee of 100
In charge OF the men and religion move
ment Business men and religious workers
"AA@ 10 AAFANNN " TINS dAAdIs winch Will
be held IN the banQnetlhsl OF the Rome
hotel. 4
Mr.. Cannon Is tegarded,a as the most
scientific banker in the country and like
wise he is at the head Of one of the great
est religious movements In the country.
Makes Several Talks.
Al IL o'clock this morning Mr.. Cannon
/ delivered an address before the Omaha
Ministerial association in the assembly
room OF the Young Mems Christian asso-
citation, and at o'clock he was a guest OF
Luther Drake at a dinner given at the
Omaha club. There were only a small num-
Der OF men present, most of them being
personal friends OF the New York financier.
Among the prominent men who accepted
the honor extended by Mr.. Drake were c.
I. Kountze, II. W. Yates. NJ. T. Barlow,
. J. H Willard, z. A. Cudahy. A. c. Smith,
A. l. Moore, w. NJ Burgess, " B. Cald-
well, 7. G. Byrne. c. H. Piekens ana Victor
RosewateE