Thanks, But No Thanks, Mr. Bell

The powerful Speaker of the House missed not one but two chances to invest in AT&T in the early days


When ex-Speaker Joseph Gurney Cannon of Illinois retired from politics in 1923, he had served almost continuously in the House of Representatives for nearly fifty years, and was regarded as a master political strategist and a shrewd judge of men. But, as he sorrowfully confessed to his longtime secretary and biographer, L. White Busbey, his discernment did not extend to inventors and their get-rich-quick schemes. Read more »