This is another poem from Clark Ashton Smith (CAS) that was unpublished in his lifetime, and not available on The Eldritch Dark, so here's the complete text:
All the world is green and sad...
If I were a little frog,
Sitting on a lily-pad
In a cool and splashy bog,
Would the world be green and glad?
This is certainly a minor item in CAS' corpus. The subject and the technique feel so foreign to CAS' usual poetic voice that I would never have assumed "Speculation" to be his work unless it was included by reputable editors in a collection under his authorship!