Conversation: 574-005Prev: 574-004 Next: 574-006
Start Date: 17-Sep-1971 10:26 AM
End Date: 17-Sep-1971 11:29 AM
Participants:Nixon, Richard M. (President); Stans, Maurice H.; Shultz, George P.; Cole, Kenneth R., Jr.; White House photographer; Bull, Stephen B.; Bogdan, Cornelius; Kissinger, Henry A.; Sanchez, Manolo; Ziegler, Ronald L.;
Recording Device: Oval Office
Full Tape Conversation Start Time: 01:33:32
Full Tape Conversation End Time: 02:37:50
On September 17, 1971, President Richard M. Nixon, Maurice H. Stans, George P. Shultz, Kenneth R. Cole, Jr., White House photographer, Stephen B. Bull, Corneliu Bogdan, Henry A. Kissinger, Manolo Sanchez, and Ronald L. Ziegler met in the Oval Office of the White House from 10:26 am to 11:29 am. The Oval Office taping system captured this recording, which is known as Conversation 574-005 of the White House Tapes.
Nixon Library Finding Aid:
Conversation No. 574-5 Date: September 17, 1971 Time: 10:26 am - 11:29 am Location: Oval Office The President met with Maurice H. Stans, George P. Shultz, and Kenneth R. Cole, Jr.; the White House photographer was present at the beginning of the meeting. Greetings The economy -New economic policy -Handling -Congressmen -Senators -Speeches -Minority business enterprise program -Letters of support -US businessmen -New York Times -Editorials -Support -Letters of support -Dividend policy 22 NIXON PRESIDENTIAL MATERIALS STAFF Tape Subject Log (rev. 10/06) -Stans's telegram -Replies -Number -Support -Response -Banks -Reports -Position -John B. Connally -Agricultural, labor groups -Interest rates -Control -Congress -Bankers -Arthur F. Burns -Political issue -Phase II -Inflation -Manufacturing profits tax -Banking industry profits -Cost of Living Council [COLC] -William L. Safire -Freeze -Stans's telegram's solicitation of report -Dividend policy telegram -US companies -Statistics on estimated effect on profits in third and fourth quarters -Number of responses -Percentages Profits issue -Appearance -Businessmen -Jobs -Banks -Jobs -Bankers -Public standpoint -Administration’s position on business -Congressional action -Interest rates -Business 23 NIXON PRESIDENTIAL MATERIALS STAFF Tape Subject Log (rev. 10/06) Conv. No. 574-5 (cont.) -Dependence -Effect -Expansion -Reduction of jobs -Reduction of expansion in public sector -Effect on growth Minority business enterprise program -Budget appeal -Approaches -Political significance -Value of program -Political significance -Black Americans -Hispanic Americans -Number -Geographic concentration -California -New York -Illinois -Texas -Arizona -New Mexico -Importance for administration -Colorado economic development organization -National organization of Hispanic Americans -Black Americans -Approach and focus -Civil rights -Black supporters -Administration action -Hispanic and black Americans -Possible contention -Administration's commitment -Amount of money -Commitment -Political message Environment -Thomas R. Shepard, Jr. -Article read by the President 24 NIXON PRESIDENTIAL MATERIALS STAFF Tape Subject Log (rev. 10/06) Conv. No. 574-5 (cont.) -Environmentalists -Type of program -Dichlorodiphenyltrichloroethane [DDT] -The President’s talk with astronauts -Sri Lanka [Ceylon] -Nobel prize winner [Dr. Norman E. Borlaug?] -Malaria -Deaths -1969 compared to 1970 -Human beings, condors -Relative importance -Report on phosphates -Elliot L. Richardson -Detergent soaps -Effect on skin -Ingredients -Effect on environment -Priorities -Administration position -Budget costs -Environment -Balance -Stans -Editorial -Shepard's speech Minority business enterprise program -Hispanic Americans -Budget benefits -Black Americans -Congress -Black Americans -Number -Hispanic Americans -Number -Concentration in states -Small business enterprise efforts -Comparison of blacks, Hispanics -Hispanic and black Americans -John G. Tower -Spanish-speaking Americans 25 NIXON PRESIDENTIAL MATERIALS STAFF Tape Subject Log (rev. 10/06) Conv. No. 574-5 (cont.) -Cabinet Committee on Spanish speaking Americans -Black Americans -Value of program -Amount of money -Credibility -Robert J. Dole -Program for blacks -Support for administration -Amount of money - Shultz -Caspar W. (“Cap”) Weinberger -Stans -Advisory committee for blacks -The President's appointment -Businessmen -Blacks -Estimated figures -Transfer of funds -Environmental Protection Agency [EPA] -Small Business Administration [SBA] -Technical assistance -Office of Economic Opportunity [OEO] -Shultz -Goals -Amount of money -Progress -Government grants, loans, and guarantees -Businesses -Amount of money -Changes -Time duration -Purchase by government agencies -Minority businesses -Set-aside money -Direct procurement -Competitive basis -Amount of money -Private sector -Small Business Investment Companies -Number -Applications 26 NIXON PRESIDENTIAL MATERIALS STAFF Tape Subject Log (rev. 10/06) Conv. No. 574-5 (cont.) -Potentiality -Equity money -SBA -Loans -Amount of money -Private sector -Minority owned franchises -Number -Increase -Types of small businesses -Automobiles -McDonald's fast-food restaurants -Stores -Service stations -Procurement seminars -US -Census -Minority business -Indians -SBA -Management and technical assistance -Increase -Minority owned banks -Amount of money -Deposits -Lending -Hispanic Americans -Type of program -Concepts -History of previous economic action -1964 -New business ventures -Six thousand dollars for six years -Loans -Use of money -Business -Individual qualifications -Money for establishment of business -Technical assistance -Management coaching -Accounting 27 NIXON PRESIDENTIAL MATERIALS STAFF Tape Subject Log (rev. 10/06) Conv. No. 574-5 (cont.) -Legal advice -Advertising -Stock keeping -Purchasing -Assistance -Certified Public Accountants [CPAs] -Lawyers -Management engineers -Washington, DC area -Operating base -National commitment -Reaching local communities -Local economic programs -Voluntary efforts -Community -Minorities -Starting new businesses -Aid -Ineffectiveness -Guidelines -Practices -Selective information -Resources -Selection of limited number of minority organizations -Responsibilities and guidance -Transactions -Aid -White community's assistance in a resource center -Opportunities -Money -Technical assistance -Packaging aid -Providing resources for minority business -Minority responsibility -Minority community organizations -United States -Resources -Funds -SBA -Resource center -Standard operation 28 NIXON PRESIDENTIAL MATERIALS STAFF Tape Subject Log (rev. 10/06) Conv. No. 574-5 (cont.) -Local exposure -Impact projects -Shopping center -Local hotel -Time duration -Impact -Cities -National level action -Trade associations -Franchising institute -Training -Local impact -Federal government -Possible national basis -Money -Amount -Budget appeal -Amount of money -Credibility -Political implications -Time duration -Charts -Program -Stans’s credibility -Monetary -Black community -Chicago -Los Angeles -Political significance -Effect -Problems -Weinberger -Restraints -Overbudgeting -Balance -Spending -Amount -Political gain -Model cities -OEO -Budget concerns 29 NIXON PRESIDENTIAL MATERIALS STAFF Tape Subject Log (rev. 10/06) Conv. No. 574-5 (cont.) -Programs -Effectiveness -Previous administrations -Problems -Jobs Corps -Vista -Peace Corps -Cuts in budget -Percentage -Negotiations -Personnel -Percentage -Cuts in budgets -Extent -Credibility issue -Hispanics -Black Americans -Percentage -Support for the President -Dole -Hispanic Americans -Balance -Latin Americans compared to blacks -Black Americans -Reactions -Proportionate budget -Head of program -Budget directors -Appopriation [One hundred million dollars] -Political impact -Funding transfer -Model cities -OEO -Development of new program -The President's economic program -Model cities -Economic development efforts -OEO -Business development efforts -The President's economic program -Legislation 30 NIXON PRESIDENTIAL MATERIALS STAFF Tape Subject Log (rev. 10/06) Conv. No. 574-5 (cont.) -Pending -New -Benefits -Crime insurance -Department of Housing and Urban Development [HUD] -SBA -Performance bonds -Building contractors -Painting contractors -Carpentry contractors -New businesses -Purposes of disseminating money -One hundred million dollar level -1973 -Amount of money -Supplemental -1972 -The President’s intention -Stans’s presentation Banks -Profits -Congress -Interest rates -Leak Ambassador of Romania Presidential gifts -Stans's staff -Book marker Renegotiation Board -Unknown person’s view -Existence Stephen B. Bull entered at an unknown time after 10:26 am. Schedule -Arrangements for following meeting -Press 31 NIXON PRESIDENTIAL MATERIALS STAFF Tape Subject Log (rev. 10/06) Conv. No. 574-5 (cont.) Bull left at an unknown time before 11:01 am. Minority Business Enterprise program -Congress Corneliu Bogdan entered at 11:01 am. Economic program -Congress Romania -Population Shultz, Stans, and Cole left at an unknown time before 11:02 am. Pictures -Seating arrangement Gen. Alexander M. Haig, Jr. -Location -Henry A. Kissinger Kissinger entered at 11:02 am. Bogdan -Home Appreciation for meeting Message from Romanian President Nicolae Ceausescu -President’s view -Kissinger -Rendering of best wishes for president and Thelma C. (“Pat”) Nixon -The President's stance -Romanian American relationship -Economic field -US international relations Photographs -Picture of Bogdan with the President and Kissinger 32 NIXON PRESIDENTIAL MATERIALS STAFF Tape Subject Log (rev. 10/06) Conv. No. 574-5 (cont.) Foreign relations -The President's action -Romanian view -Relations with the People's Republic of China [PRC] -Strategic Arms Limitation Talks [SALT] -Romania -International developments -Observation -Detente -Agreement with the US -The US -Position in the world Eastern Europe -Situation -USSR -Actions -Romania -Detente -Delegation -Handling -Concerns -Questions -Handling of security issues -Detente -Basic principles of detente -Interest and effect -Responsibilities -Other countries -Normal relations -Population -Relations with USSR -Relations with the US -Situation Manolo Sanchez entered at an unknown time after 11:02 am. Refreshments -Tea -Coffee 33 NIXON PRESIDENTIAL MATERIALS STAFF Tape Subject Log (rev. 10/06) Conv. No. 574-5 (cont.) Sanchez left at an unknown time before 11:21 am. Romania -Trip to Romania (August 1969) -Ceaucescu -Kissinger -Detenet -Fairness -Effect on Romania -Romanian priorities -Economy -Most favored nation [MFN] from US status -Meeting with Wilbur D. Mills -US position -Meeting between the President and Bogdan -Developments -Foreign relations -US-Romanian relations -Handling -Eastern Europe -PRC -United Nations [UN] -Conference on European Security and Cooperation [CESC] US-Romanian relations -Greetings to President Ceausescu -MFN status -Congress -Relationship with Romania -Position of the US -Romania -Economic relations -Kissinger, Stans -East-West trade -Pace -US position -Romania -Relationship with the USSR 34 NIXON PRESIDENTIAL MATERIALS STAFF Tape Subject Log (rev. 10/06) Conv. No. 574-5 (cont.) -US negotiations with the USSR -Effect -US negotiations with other countries -Impact European security conference -Future -North Atlantic Treaty Organization [NATO] -Meeting -Date -Mutual and Balanced Force Reductions [MBFR] -Attitude of countries involved -Romania -The President’s previous conversations with Ceaucescu -US position -Romanian position -US position -Strategy -USSR -Relations with Romania -Detente -US role -Western Europeans -US principles -Romania -Interests -Soviet action -US-Romanian relations -Meeting -Outcome -Possible Soviet response -US-Soviet relations -United Nations [UN] -The President's forthcoming conversation with Andrei A. Gromyko -US relations with Romania Economic relations -Vietnam War -Events in the world -Time duration -Romania 35 NIXON PRESIDENTIAL MATERIALS STAFF Tape Subject Log (rev. 10/06) Conv. No. 574-5 (cont.) -US businesses -Contacts Vietnam War -North Vietnam -Relations with Romania -Economic aid -Romanian interests -Political solution -Negotiations -US -North Vietnam -Settlement possibilities -Effect on other US foreign relationships -Romania's relations with North Vietnam -President Ceausescu -Discussions with world leaders and the President -Political solutions -Political solutions to war -(Madame) Nguyen Thi Binh -North Vietnam -Negotiations -Prisoners of War [POW] issues -US stance Photograph Vietnam -US stance -Cambodia -Laos -PRC Ronald L. Ziegler and members of the press entered at an unknown time after 11:02 am. Dinner attended by Kissinger -Dracula -Transylvanian region 36 NIXON PRESIDENTIAL MATERIALS STAFF Tape Subject Log (rev. 10/06) Conv. No. 574-5 (cont.) Romania -People -The President's 1969 trip -US stance Ziegler and members of the press left at an unknown time before 11:29 am. Tennis -Forthcoming Davis Cup play -Romanian hopes for victory -Reaction to game of tennis Kissinger and Corneliu Bogdan left at 11:29 am.