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Conversation: 493-014

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Start Date: 6-May-1971 12:22 PM

End Date: 6-May-1971 12:32 PM

Participants:

Nixon, Richard M. (President)Connally, John B.Ziegler, Ronald L.

Recording Device: Oval Office

Full Tape Conversation Start Time: 02:52:28

Full Tape Conversation End Time: 03:02:26

493a.mp3

493b.mp3

NARA Description:

On May 6, 1971, President Richard M. Nixon, John B. Connally, and Ronald L. Ziegler met in the Oval Office of the White House from 12:22 pm to 12:32 pm. The Oval Office taping system captured this recording, which is known as Conversation 493-014 of the White House Tapes.

Nixon Library Finding Aid:

Conversation No. 493-14

Date: May 6, 1971
Time: 12:22 pm - 12:32 pm
Location: Oval Office

The President met with John B. Connally and Ronald L. Ziegler

     Lockheed
         -Connally’s meeting

     Supersonic Transport [SST]
          -President’s conversation with Gerald R. Ford
                -Upcoming vote
                     -Date
                     -Warren G. (“Maggie”) Magnuson, Henry M. (“Scoop”) Jackson
                     -David H. Gambrell, John V. Tunney, and Alan Cranston
                                        27

                     NIXON PRESIDENTIAL MATERIALS STAFF

                                 Tape Subject Log
                                    (rev. 9/08)



                     -Lockheed

International monetary situation
      -Position of the dollar
            -Xuan Thuy’s statement
            -Connally’s statements
            -[Forename unknown] Coombs [?]
                  -New York Federal Reserve Bank
                  -Conversations with foreign exchange bankers
            -German position
            -George P. Shultz
            -Karl Schiller
                  -Call from Connally
            -US position
                  -Europe, Canada
                  -US economy
            -Effect of Vietnam War

US economy
     -Wholesale Price Index
           -Effect of Lockheed action
           -Agriculture
     -President’s San Clemente press conference statements
           -Inflation, unemployment
           -Connally’s forthcoming statement
     -Long-term outlook
     -Steel industry
           -Connally’s forthcoming statements, Ziegler’s previous statement
           -Wage and price policies
                 -Management, labor
                 -Other industries
           -US production
                 -Connally’s forthcoming statement
                 -President’s San Clemente statement
                       -1950 compared with 1970
                       -Japanese production
           -Importance
                 -US position in world
                 -Automobile industry
                 -US competitiveness
     -Prime rate of interest
           -Bank of America
                                              28

                            NIXON PRESIDENTIAL MATERIALS STAFF

                                        Tape Subject Log
                                           (rev. 9/08)



                      -Connally’s possible statement
           -Administration position
                -Banks, steel labor
                -Wage settlements
                -Fiscal policy
           -Business and labor
                -Wages/prices
                                                                     Conv. No. 493-14 (cont.)
     Connally’s forthcoming statements

Connally and Ziegler left at 12:32 pm