Conversation No. 468-15

Date: March 16, 1971
Time: Unknown between 2:23 pm and 3:06 pm
Location: Oval Office

The President met with H. R. (“Bob”) Haldeman

     President’s schedule
          -John B. Connally

     Daniel P. (“Pat”) Moynihan’s report
          -Accuracy
          -Businessmen
          -Peter M. Flanigan
          -Department of Justice [DOJ] antitrust actions
                -Response of businessmen
          -Business community
                -Administration policies
                      -Need for White House response

Alexander P. Butterfield entered at an unknown time after 2:23 pm

     President’s schedule
          -Connally
                                               32

                           NIXON PRESIDENTIAL MATERIALS STAFF

                                      Tape Subject Log
                                         (rev. 9/08)



Butterfield left at an unknown time before 2:25 pm

     Moynihan’s letter
         -Antitrust action report
              -Vice President Spiro T. Agnew
              -John N. Mitchell
         -Relations with Mitchell
              -Black Panthers                                      Conv. No. 468-15 (cont.)
                     -[Forename unknown] Epstein story in The New Yorker
         -Need for White House follow-up
         -Harvard colleagues
              -Response
              -Professors
         -Businessmen
              -Need for White House response
                     -Public opinion
                     -White House staff efforts

The President left and Connally entered at 2:25 pm

     [Unintelligible]

Haldeman left at 2:25 pm

The President entered at an unknown time after 2:25 pm

     Whitney M. Young, Jr. funeral
          -Connally’s possible attendance
          -Cabinet attendees
          -Connally’s acquaintance with Young
          -President’s attendance
                -Purpose
          -Importance
                -Reverend Martin Luther King, Jr.
                -Blacks
                -Edward W. Brooke
                -Adam Clayton Powell, Jr.
                     -President’s recollections

     Connally’s meeting with Arthur F. Burns
                                            33

                         NIXON PRESIDENTIAL MATERIALS STAFF

                                     Tape Subject Log
                                        (rev. 9/08)



     Airlines
           -Connally’s meetings
           -American companies
           -British companies
           -Concern for Lockheed
           -Dan Hoffman’s role

An unknown person entered at an unknown time after 2:25 pm          Conv. No. 468-15 (cont.)

     Refreshment order

The unknown person left at an unknown time before 2:57 pm

     Airlines
           -Connally’s forthcoming meetings
                -Eastern, Delta, Trans-World Airlines [TWA]
                      -Lockheed, Rolls-Royce, General Electric [GE]
                            -Possible effect
           -Order level
                -Lockheed’s financial position
                      -Number of orders
                            -Need for increases
                -Possible Congressional action
                      -Connally’s meeting with Clark MacGregor, David Packard, Mitchell, and
                            Peter G. Peterson
                            -The President’s decision
           -Administration strategy
                -Employment
           -Supersonic Transport [SST]
           -Lockheed
                -Timing
                -Loan from Export-Import Bank
                -Packard’s work at Department of Defense
                -Internal Revenue Service refund
                -Timing
                      -SST
           -SST action in Congress
                -Possible problem
                      -Lockheed collapse
                -Charles H. Percy and William Proxmire
                                               34

                         NIXON PRESIDENTIAL MATERIALS STAFF

                                     Tape Subject Log
                                        (rev. 9/08)



    Isolationism
          -President’s remarks in Cyrus L. (“Cy”) Sulzberger interview
          -Isolationists
                -Policies
                -President’s comments

    Foreign trade
         -Dumping                                                    Conv. No. 468-15 (cont.)
               -Treasury Department action
                    -Connally’s position
         -Japan
               -Textiles
               -Connally’s conversation with Japanese businessmen
               -Canon calculator
                    -Development
                    -Ministry for International Trade and Industry [MITI]
                    -Texas Instruments
                    -MITI actions
         -Philosophy of international relations


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[National Security]
[Duration: 32s ]


    JAPAN


END WITHDRAWN ITEM NO. 1

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         -Japan
              -President’s view
                    -Connally’s negotiations

    Banks
        -A 1925 law on political contributions
                                        35

                    NIXON PRESIDENTIAL MATERIALS STAFF

                                Tape Subject Log
                                   (rev. 9/08)



          -A DOJ suit in Ohio
          -Frost National Bank of San Antonio loan
                -Preston Smith supporter
          -Banks’ actions
                -Loans
          -Report to DOJ
                -DOJ action
                      -Connally’s discussion with Mitchell   Conv. No. 468-15 (cont.)
          -Connally’s meeting with Will R. Wilson
                -Policy
                -Administration’s position
                      -Connally’s view
                      -President’s view
          -Past practices
          -An unknown Republican in Illinois
          -An unknown Democrat
          -Effect on politicians
                -William J. Casey confirmation
          -Labor unions
          -Borrowers
          -Mitchell
          -Connally’s instructions to Wilson

Agnew
    -March 16, 1971 meeting with Connally
    -Tax matters
         -Research grants to universities
         -Possible polls

Economy
    -Dow-Jones average
    -Industrial production
    -Dow-Jones average as an economic indicator
    -Business leaders
         -Connally’s comments on “Meet the Press”
                -Need for leadership
         -A man in Houston [name unintelligible]
                -Speech to business leaders
                     -Loans
                     -Money supply
                     -Inflation
                     -Increases in interest rates
                                       36

                    NIXON PRESIDENTIAL MATERIALS STAFF

                               Tape Subject Log
                                  (rev. 9/08)



                             -Loans
           -Connally’s comments
           -Compared with labor people
     -Stock market
           -President’s statement
           -Connally’s former stocks
                 -Texas Instruments
                 -Halliburton                                  Conv. No. 468-15 (cont.)
                 -Tyler Corporation
           -Future Dow-Jones average
                 -Connally’s view
                 -General Motors, US Steel, Westinghouse, General Foods
                 -Connally’s friends on Wall Street
     -Need for confidence
           -White House policies
           -President’s view
           -Business community
           -Business Council
     -Interest rates
           -Bankers
           -Possible statement by President or Connally
                 -Reconstruction Finance Corporation
                       -Franklin D. Roosevelt
                             -Jesse H. Jones
                       -Herbert C. Hoover

Burns
     -Action
           -Support for Administration
     -Inflation
     -Interest rates
     -Social Security
           -Congress
     -Investment tax credit
           -A bill by Vance Hartke
           -William McChesney Martin
     -Possible meeting with President and Connally
     -Relations with Connally
     -Connally and Burns’ relations with Congress
     -Relations with business community
           -An unknown man
     -Relations with George P. Shultz and Paul W. McCracken
                                  37

               NIXON PRESIDENTIAL MATERIALS STAFF

                          Tape Subject Log
                             (rev. 9/08)



-Possible action by President
-Previous talk with Connally
      -Hartke’s bill
            -Burns’ position
      -Connally’s subsequent call to Shultz
      -Importance
-Testimony in Congress
-Testimony                                          Conv. No. 468-15 (cont.)
-Meetings with President
      -Quadriad
      -President’s position
-Forthcoming meetings
      -Connally
      -President
-Relations with Shultz, McCracken, and Connally
-Possible meeting with Connally
      -Areas of jurisdiction
      -Federal Reserve Board
      -Wage and price policies
      -Fiscal policy
-Budgetary input
-Monetary and fiscal policy
-Position on interest rates, Social Security
-Testimony in Congress
-Russell B. Long
-Social Security
-Revenue sharing
-Forthcoming meeting with Connally
-Interest rates
-Monetary supply position
      -February figures
-Forthcoming meetings
      -Connally
      -President
-Actions
      -Public comments
            -Administration policies
-Shultz and McCracken
-Forthcoming meetings
      -Connally
      -President
-Previous Quadriad meeting
                                              38

                           NIXON PRESIDENTIAL MATERIALS STAFF

                                       Tape Subject Log
                                          (rev. 9/08)




Butterfield entered at 2:57 pm

     President’s schedule
          -Cabinet meeting
                -Connally’s entrance

Connally left at 2:57 pm                                               Conv. No. 468-15 (cont.)

                -William P. Rogers
                -George W. Romney
                -Shultz (?)
                -Rogers

The President and Butterfield left at an unknown time before 3:06 pm