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Conversation: 126-002

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Start Date: 13-Jun-1973 5:42 PM

End Date: 13-Jun-1973 6:52 PM

Participants:

Nixon, Richard M. (President)Agnew, Spiro T. (Vice President)Shultz, George P.Stein, HerbertDunlop, John T.Mansfield, Michael J. ("Mike")Scott, HughGriffin, Robert P.Tower, John G.Long, Russell B.Bennett, Wallace F.Proxmire, WilliamJavits, Jacob K.Young, Milton R.Albert, Carl B.O'Neill, Thomas P. ("Tip"), Jr.Ford, Gerald R.Arends, Leslie C.Patman, WrightWidnall, William B.Schneebeli, Herman T.Ash, Roy L.Haig, Alexander M., Jr.Ziegler, Ronald L.Cole, Kenneth R., Jr.Timmons, William E.Korologos, Thomas C.Friedersdorf, Max L.McFall, John J.

Recording Device: Cabinet Room

126a.mp3

126b.mp3

NARA Description:

On June 13, 1973, President Richard M. Nixon, Vice President Spiro T. Agnew, George P. Shultz, Herbert Stein, John T. Dunlop, and bipartisan Congressional leaders, including Michael J. ("Mike") Mansfield, Hugh Scott, Robert P. Griffin, John G. Tower, Russell B. Long, Wallace F. Bennett, William Proxmire, Jacob K. Javits, Milton R. Young, Carl B. Albert, Thomas P. ("Tip") O'Neill, Jr., Gerald R. Ford, Leslie C. Arends, Wright Patman, William B. Widnall, Herman T. Schneebeli, Roy L. Ash, Alexander M. Haig, Jr., Ronald L. Ziegler, Kenneth R. Cole, Jr., William E. Timmons, Thomas C. Korologos, Max L. Friedersdorf, John J. McFall, and members of the press, met in the Cabinet Room of the White House from 5:42 pm to 6:52 pm. The Cabinet Room taping system captured this recording, which is known as Conversation 126-002 of the White House Tapes.

Nixon Library Finding Aid:

Conversation No. 126-2

Date: June 13, 1973
Time: 5:42 pm - 6:52 pm
Location: Cabinet Room

The President met with Vice President Spiro T. Agnew, George P. Shultz, Herbert Stein, John T.
Dunlop, Michael J. (“Mike”) Mansfield, Hugh Scott, Robert P. Griffin, John G. Tower, Russell B.
Long, Wallace F. Bennett, William Proxmire, Jacob K. Javits, Milton R. Young, Carl B. Albert,
Thomas P. (“Tip”) O’Neill, Jr., Gerald R. Ford, Leslie C. Arends, Wright Patman, William B.
Widnall, Herman T. Schneebeli, Roy L. Ash, General Alexander M. Haig, Jr., Ronald L. Ziegler,
Kenneth R. Cole, Jr., William E. Timmons, Thomas C. Korologos, and Max L. Friedersdorf

     Attendees
          -Ash
          -Robert C. Byrd
          -John J. McFall

     Agenda

     [General conversation/Unintelligible]

     Vietnam peace negotiations
          -Status
          -Timing
                                                5

                           NIXON PRESIDENTIAL MATERIALS STAFF

                                       Tape Subject Log
                                         (rev. 10/08)



           -Communique
                -Henry A. Kissinger
                -Missing in Action [MIA]
                   -Cease-fire violations
                   -Negotiations
                          -Efforts
                   -Laos, Cambodia
                          -Continued negotiations
                   -Kissinger
                   -Importance
                   -Timing of briefings, June 14, 1973
                          -Kissinger
                                -Congress
                                -Press
             -President’s view
                   -Vietnam

       US-Soviet Union summit
            -Leonid I. Brezhnev
                  -President’s conversation with Anatoliy F. Dobrynin, June 12, 1973
                        -Schedule
                  -Agreements
                        -Consultation with Congress
                        -Negotiations
                        -Schedule
                        -Background work
                               -Moscow
                        -Signing ceremonies
                               -Attendance, Location

       National economy

       Photos

Members of the press and McFall entered at an unknown time after 5:42 pm

       [General conversation/Unintelligible]

Members of the press left at an unknown time before 6:52 pm

       National economy
             -President’s forthcoming speech
                                   6

              NIXON PRESIDENTIAL MATERIALS STAFF

                          Tape Subject Log
                            (rev. 10/08)



       -Distribution of text
              -Timmons
       -Shultz, Stein, and Dunlop briefing
-Differences of opinion
       -Congress, organized labor, business, administration, economists
       -President’s policies
       -Controls
-Status
       -Growth rate
       -Earnings
       -Employment
       -Compared to post-World War II era
-Inflation
       -Rate
       -Food prices
              -Wholesale prices
                     -Compared to non-food prices
       -Need to control
              -Policies
       -Growth rate
              -Effect on inflation
-Status
       -Labor, business, and Congressional leaders
              -Views
-Inflation
       -President’s view
       -Congressional views
              -90-day freeze
              -Controls
                     -Prices, wages, interest rates
                     -Effects
-Controls
       -President’s view
       -Post-World War II experience
       -Long-term problem
       -President’s policy
-Phase III
       -Food prices
       -Problems
-President’s plan
       -Goals
              -Inflation
                                    7

               NIXON PRESIDENTIAL MATERIALS STAFF

                           Tape Subject Log
                             (rev. 10/08)



        -Decisions
        -Congressional action
        -Freeze
              -Applicability
                    -Wages
                           -Reasons
                           -Business and labor leaders
                           -Settlements
                                  -Teamsters’ Union, United Auto Workers
                                  -Leonard Woodcock
                                  -Food prices
                    -Rents
                           -Reasons
                           -New York City
                    -Interest, dividends
                           -Continuing control
        -Executive salaries
              -Publicity
              -Cost of Living Council [COLC]
        -Freeze
              -Duration
              -Follow-up
                    -Congressional and Administration action
                           -Phase IV
                                  -Aspects
-Food
        -Farmers
        -President’s forthcoming visit to Pekin, Illinois
              -Everett M. Dirksen
        -Demand
              -Meat and poultry
        -Weather
              -Disaster relief
              -Earl L. Butz’s views concerning corn
              -Future
        -Prices
              -Effect of increased demand and fewer supplies
        -Possible freeze of raw agricultural products
              -President’s view
        -Farm legislation
              -Possible effects
        -Exports
                                        8

                   NIXON PRESIDENTIAL MATERIALS STAFF

                               Tape Subject Log
                                 (rev. 10/08)



                  -Foreign policy experts, Treasury Department, and farmers
                  -Balance of payments
                  -Priority
                         -Domestic supply
                  -Regulation
                         -Congressional action
                         -Possible amendment to Economic Stabilization Act
                         -Trading with the Enemy Act
                               -President’s view
                         -Possible amendment to Economic Stabilization Act
           -Pending trade bill, Economic Stabilization Act
                  -Committees
     -Possible legislation
           -Disposition of surplus commodities
           -Federal budget
                  -Spending controls
     -President’s plan
           -Forthcoming speech
           -Phase IV
                  -Schedule
                  -Pre-notification

Energy
     -Gasoline prices
           -President’s orders to Dunlop
           -Alaska pipeline legislation
                  -Supply
                  -Canada pipeline
     -President’s forthcoming message to Congress
           -Timing
     -Gasoline prices
     -Middle East oil producers
           -Nationalization of Nelson Bunker Hunt Company
           -Europe, Japan
                  -Supply
           -World supply
                  -Europe and Japan
           -Alaska pipeline
     -Coal
     -Nuclear power
                                          9

                    NIXON PRESIDENTIAL MATERIALS STAFF

                                 Tape Subject Log
                                   (rev. 10/08)



National economy
      -President’s plan
            -Follow-up to freeze
                   -Controls
                         -Temporary and short-term controls
            -Effect on families
            -Raw agricultural products
            -Gasoline prices
      -Food prices
            -Raw agriculture products
                   -Wheat
                   -Corn
                   -Soybeans
                   -Effect of weather
            -Fuel problems
                   -Effect
            -Wheat crop expectation
            -Gasoline supplies
      -Gasoline
            -William E. Simon’s hearings
                   -Economic Stabilization Act
            -Independent distributors and major suppliers
                   -Congressional cooperation
                   -Surtax
                   -Arthur F. Burns’ view
            -Short-term solution
                   -Immediate needs
            -Possible Congressional legislation
                   -Tax bill
                         -Possibility
                   -Burns’ conversation with the President
      -Economic Stabilization Act
            -Executive authority
      -Supplies to independent distributors
            -Surtax
                   -Shultz’s forthcoming meeting with Congressmen
      -President’s plan
            -Freeze
                   -Applicability
                         -Wages, prices, raw agricultural products, rents
                   -Duration
                         -Reasons
                                        10

                   NIXON PRESIDENTIAL MATERIALS STAFF

                               Tape Subject Log
                                 (rev. 10/08)



                        -Consultations on follow-up
                        -Base period
                        -Phase IV
                        -Possible rollbacks
                              -Phase III
                        -Base period
                              -Background
     -Popular expectations
           -Long’s view
     -Burns’ views
     -Federal budget
           -Balanced budget
           -Possible tax increase
           -Debt
     -Food
           -Feed lot owners
           -Broilers
     -President’s plan
           -Independent oil distributors
                  -Voluntary compared to mandatory allocations
                  -Long’s view
                  -Voluntary compared to mandatory allocations
                  -Simon’s hearings

President’s schedule
      -Forthcoming speech

President’s previous visit to Moscow
      -Handling of signing agreements

President’s schedule
      -Brezhnev’s visit
             -Agreements
                  -Briefings of Congressmen
                        -Kissinger, William P. Rogers
                        -Attendees
                  -President’s Moscow agreements
                        -Publicity
                  -Briefings of Congressmen
                        -Haig
                        -Timmons, Kissinger
                  -Agenda
                                                 11

                             NIXON PRESIDENTIAL MATERIALS STAFF

                                        Tape Subject Log
                                          (rev. 10/08)



                                 -Washington, Camp David
                           -Briefings of Congressmen
                                 -General Brent G. Scowcroft, Haig, Kissinger, Rogers, President
                                 -Location
                                        -Kissinger and President’s briefings

        [General conversation/Unintelligible]

The President, et al. left at 6:52 pm