Conversation: 613-012
Prev: 613-011 Next: 613-013Start Date: 4-Nov-1971 8:24 AM
End Date: 4-Nov-1971 9:50 AM
Participants:
Nixon, Richard M. (President); Colson, Charles W.; Shultz, George P.; [Unknown person(s)]; Burns, Arthur F.; Butterfield, Alexander P.; Woods, Rose Mary; Haldeman, H. R. ("Bob"); Bull, Stephen B.; Kissinger, Henry A.;Recording Device: Oval Office
Full Tape Conversation Start Time: 02:54:45
Full Tape Conversation End Time: 04:22:53
NARA Description:
On November 4, 1971, President Richard M. Nixon, Charles W. Colson, George P. Shultz, unknown person(s), Arthur F. Burns, Alexander P. Butterfield, Rose Mary Woods, H. R. ("Bob") Haldeman, Stephen B. Bull, and Henry A. Kissinger met in the Oval Office of the White House from 8:24 am to 9:50 am. The Oval Office taping system captured this recording, which is known as Conversation 613-012 of the White House Tapes.
Nixon Library Finding Aid:
Conversation No. 613-12
Date: November 4, 1971
Time: 8:24 am - 9:50 am
Location: Oval Office
The President met with Charles W. Colson and George P. Shultz.
National economy
-Pay Board
-News stories
-News summaries
-Leonard Woodcock
-Business’s proposition
-Daniel L. Schorr's story
-Colson's meeting with Weldon L[amar] Mathis, teamster
-Schorr's story
-Paul A. Porter
-Administration strategy
-Possible agreement
-Administration strategy
-George Meany's possible action
-Arnold R. Weber
-Possible extension of freeze
-Duration
-Status of freeze
-Teachers
-Auto workers
-Colson's possible conversation with Jay Lovestone
-Rate of wage increase
-Consumer Price Index [CPI]
-Assumptions
-CPI
-Inflation
Alexander P. Butterfield entered at an unknown time after 8:24 am.
The President's schedule
28
NIXON PRESIDENTIAL MATERIALS STAFF
Tape Subject Log
(rev. 10/06)
Conv. No. 613-12 (cont.)
The unknown man left at an unknown time before 9:14 am.
National economy
-Rate of wage increase
-Inflation
-Productivity
-Mathis
-Frank E. Fitzsimmons
-Views regarding Woodcock's formula
-Meany
-Pay Board
-Colson's conversation with Fitzsimmons
The President’s possible television appearance
-Schorr's story, November 3, 1971
Columbia Broadcasting System [CBS]
-Schorr
-Colson’s conversation with Frank Stanton
-Cable television
-Schorr
National economy
-Freeze
-Wholesale Price Index [WPI]
-Paul W. McCracken's analysis
-Interest rates
-Inflation
-New York Times story
-Automobile sales
-Wall Street Journal
-Unemployment
-Stock market
-Washington Post story
-Employment
-Seasonal
-The President’s conversation with Colson
-Private sector
-Unemployment
-Status
-Money supply
29
NIXON PRESIDENTIAL MATERIALS STAFF
Tape Subject Log
(rev. 10/06)
Conv. No. 613-12 (cont.)
-Arthur F. Burns's view
-Shultz's call to Milton Friedman, November 3, 1971
-Federal Reserve Board [FRB]
-Freeze
-Effect
-Friedman’s view
-Extension
-Money supply
-Peter M. Flanigan's possible actions
-Call to brokers
-Burns
-Gustave L. Levy
-Bernard J. (“Bunny”) Lasker
-The President's possible memorandum to Burns
-Burns
-William Jennings Bryant
-Greenback Party
-Leonard S. Silk's article in the New York Times, November 3, 1971
-Colson's possible actions
-William L. Safire
-Silk
-Silk's article
-The President's forthcoming memorandum to Burns
-Silk's article
-Burns’s committee
-Interest rates
-Monetary school
-Decline
-Effect on money supply
-Economic indicators
-WPI
-CPI
-Inflation
-Burns
-Shultz's talk at Calvin Bullock Forum, November 4, 1971
-Pay Board
-Schorr's story
-Shultz's previous conversation with Stanton
-WPI
-Freeze
-Effect
30
NIXON PRESIDENTIAL MATERIALS STAFF
Tape Subject Log
(rev. 10/06)
Conv. No. 613-12 (cont.)
-Inflation
-Economic expansion
-Money supply
-The President's forthcoming letter to Burns
The President dictated a letter to Arthur F. Burns at an unknown time between 8:24 am and 9:07
am.
[Conversation No. 613-12A]
National economy
-Money supply
-Silk's article
-Committee on interest rates
-Calls to the President
-Timing
-Quadriad meeting
-Wall Street
-FRB policy
-Comparison to 1959-60 period
-William McChesney Martin
-1960 election
-Elections
-Interest rates, cost of living
-Unemployment
-Inflation
-FRB
-Economic expansion
-1972
-Compared to 1960
-Distribution
-Quadriad
-John B. Connally
-Concerns
-Financial communities
-New York, Los Angeles, San Francisco, St. Louis, Chicago, Atlanta
-Silk
[End of dictation]
National economy
31
NIXON PRESIDENTIAL MATERIALS STAFF
Tape Subject Log
(rev. 10/06)
Conv. No. 613-12 (cont.)
-Money supply
-Burns
-Effect on interest rates
-The President’s letter to Burns
-The President's letter to Burns
-Silk
-Burns's possible reaction
-The record
-Economic indicators
-The President’s conversation with Colson, November 3, 1971
-Shultz
-James D. Hodgson
-Status
-Stock market, WPI, retail credit, automobile sales, unemployment
-Burns
-Trade deficit
-Freeze
-Prices
-Unemployment
-Shultz's role
-Burns
-Budget
-Construction funds
-Caspar W. (“Cap”) Weinberger
-Third quarter statistics
-Retail sales figures for August
-Statistics
-Budgets during Lyndon B. Johnson's administration
-Importance
-Wilson Allen Wallis of the University of Rochester
-Schedule
-Indira Gandhi dinner
-The President
-Commission on Statistics report
-Economic indicators
-Third quarter
-Retail sales
-Inventories
-Trade
-Exports
-Gross National Product [GNP]
32
NIXON PRESIDENTIAL MATERIALS STAFF
Tape Subject Log
(rev. 10/06)
Conv. No. 613-12 (cont.)
-Rates of increase
-Figures
-Money supply
-Retail sales
Butterfield entered at an unknown time after 8:24 am.
The President's schedule
Butterfield left at an unknown time before 9:07 am.
The President talked with an unknown man [H. R. (“Bob”) Haldeman?] at an unknown time
between 8:24 am and 9:07 am.
[Conversation No. 613-12B]
The President's schedule
-Rose Mary Woods
James R. (“Jimmy”) Hoffa
[William?] Loeb
[End of telephone conversation]
Robert H. Finch
-Forthcoming trip to Latin America
-Shultz's conversation with Nelson A. Rockefeller
Rose Mary Woods entered at an unknown time after 8:24 am.
The President's letter to Burns
-The President's review
Woods left at an unknown time before 9:07 am.
National economy
-Money supply
-The President's letter to Burns
Silk
33
NIXON PRESIDENTIAL MATERIALS STAFF
Tape Subject Log
(rev. 10/06)
Conv. No. 613-12 (cont.)
-The President's friends in New York
-J. Donald Rollins
-Burns
-Elections
-Shultz's forthcoming conversation with Friedman
-Soviet corn deal
-Negotiations
-Status
-Possible announcement
Canada
-Negotiations with the US
-Paul A. Volcker
-The President's conversation with Henry A. Kissinger
-Peter G. Peterson and Shultz
Latin America
-Connally's schedule
-Proposed action
-Timing
Shultz left at 9:07 am.
Hoffa
-Loeb
-Clark Mollenhoff
-Relations with Colson
-Possible conversation with Colson
-Conditions
-Labor movement
-Parole
-Executive clemency
-Forthcoming book
-The President’s treatment of organized crime
-Possible conversation with Colson
-Parole Board
-Possible parole
-Summer 1972
National economy
-Money supply
34
NIXON PRESIDENTIAL MATERIALS STAFF
Tape Subject Log
(rev. 10/06)
Conv. No. 613-12 (cont.)
-The President's letter to Burns
-Burns
-Trip to New York
-Calvin Bullock Forum
-Possible dinner
-Flanigan
-Flanigan’s call to Colson, November 4, 1971
-Colson
-New York
-Schorr
CBS
-Schorr
-Stanton
National economy
-Pay Board
-Schorr
Congress
-Clark MacGregor's views
-Press reports
-J. William Fulbright and Michael J. Mansfield
Haldeman entered at 9:14 am.
Public broadcasting
-Flanigan
-Congress
-Possible cut in funds
-Personnel changes
-Possible staff changes
-Frank Pace, Jr.
-John W. Macy, Jr.
-Pace
-Abuses
-Dossier
-Flanigan's schedule
-Pace, John D. (“Jack”) Wrather, Jr. and Fred? Coe
-Possible attacks
-Samuel L. Devine
35
NIXON PRESIDENTIAL MATERIALS STAFF
Tape Subject Log
(rev. 10/06)
Conv. No. 613-12 (cont.)
-Investigation
-Clarence J. (“Bud”) Brown
-William J. Scherle
-Tricia Nixon Cox
-Funding
-Possible personnel changes
White House staff
-Russell E. Train's statement regarding environment and national security
-John D. Ehrlichman and John C. Whitaker
-Story
-Court
-Kissinger
Environment
-National security
-Environmentalists
-Train's statement
-Story
Shultz
-McCracken
-Hodgson
-Possible statement on national economy
-WPI
Vietnam
-Melvin R. Laird
-Casualty figures
-Casualties
-Reporting method
-Laird
National economy
-Possible news stories
-Money supply
-Automobile sales
-Psychological effect
-GNP
-Third quarter
-Shultz
36
NIXON PRESIDENTIAL MATERIALS STAFF
Tape Subject Log
(rev. 10/06)
Conv. No. 613-12 (cont.)
-Money supply
-The President letter to Burns
Colson left at 9:20 am.
-Arthur B. Laffer
-Shultz
-Flanigan
-Burns
-Burns
-Visit to New York
-Money supply question
**************************************************************************
BEGIN WITHDRAWN ITEM NO. 10
[Personal Returnable]
[Duration: 32s ]
END WITHDRAWN ITEM NO. 10
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The President's schedule
-Luis Echeverria Alvarez
-Houston
-State Dinner
-Miami
-Willy Brandt
-Echeverria
-State Dinner
-San Diego
-Washington, DC
-Houston
-Trip to the People's Republic of China [PRC]
-Theodore H. White
-Possible attendance
-Possible conversation with Ronald L. Ziegler
37
NIXON PRESIDENTIAL MATERIALS STAFF
Tape Subject Log
(rev. 10/06)
Conv. No. 613-12 (cont.)
-Time-Life meeting
-Timing
-Decision regarding the President
-Henry A. Grunwald
-Hedley W. Donovan
-Newsweek
White House relations with press
-Time and Newsweek
-Supreme Court story
-Stewart J.O. Alsop
-Henry Hubbard
-Time magazine
-The President's conversation with Ehrlichman
-Supreme Court story
News magazines
-Effect of economic freeze
-Costs
-Press
-Escalators
-Pay rate
Foreign aid program
-The President's schedule
-Allen J. Ellender dinner
-Cooper-Church Amendment
-William P. Rogers
-White House reaction
-Committee bill
-Senate
-Vietnam
-Troop withdrawal rate
-The President's possible actions
-Mansfield breakfast
-MacGregor
*****************************************************************
BEGIN WITHDRAWN ITEM NO. 3
[Personal Returnable]
38
NIXON PRESIDENTIAL MATERIALS STAFF
Tape Subject Log
(rev. 10/06)
Conv. No. 613-12 (cont.)
[Duration: 26s ]
END WITHDRAWN ITEM NO. 3
*****************************************************************
Administration staff
-Age
-Undersecretary of Agriculture
-Commerce
-Peter G. Peterson
-Compared to the President
-Mitchell
-Secretary of Agriculture
-Earl L. Butz
-Age
-Name
-Bryce N. Harlow
-Butz
-Qualities
-Harlow
National economy
-Figures
Stephen B. Bull entered at an unknown time after 9:20 am.
Unknown man [Kissinger?]
-Meeting with the President
Bull left at an unknown time before 9:35 am.
Kissinger
-Media
-United Nations [UN] vote on Taiwan
-Alexander M. Haig, Jr.
-Haldeman’s conversation with Kissinger
-Maxine Cheshire
-Haldeman’s conversation with Kissinger
39
NIXON PRESIDENTIAL MATERIALS STAFF
Tape Subject Log
(rev. 10/06)
Conv. No. 613-12 (cont.)
-Julie Nixon Eisenhower
Vietnam
-Troop withdrawal
-Announcement
The President's schedule
-December 1971
White House staff
-Morale
-Colson
-MacGregor
-Donald H. Rumsfeld
-Wage and price boards
-Public reaction
Henry A. Kissinger entered at 9:35 am.
Memorandum
[Indira Gandhi]
Haig
Kissinger's schedule
-Florida
-Washington Star
The President's schedule
-Florida
-Mitchell
-Kissinger
-Schedule
-Haig
-W. Kenneth Riland
-Foreign policy concern
Rose Mary Woods entered at 9:37 am.
-Schedule
40
NIXON PRESIDENTIAL MATERIALS STAFF
Tape Subject Log
(rev. 10/06)
Conv. No. 613-12 (cont.)
-Washington Star lunch
*****************************************************************
BEGIN WITHDRAWN ITEM NO. 6
[Personal Returnable]
[Duration: 6s ]
END WITHDRAWN ITEM NO. 6
*****************************************************************
-Florida
-Woods
-Riland
The President’s letter to Riland
Woods left at 9:39 am.
Haldeman left at 9:40 am.
India-Pakistan relations
-Pakistani military disposition
-Unilateral withdrawal
-The President's forthcoming conversation with Mrs. Gandhi
-Arms supply
-Agha Muhommad Yahya Khan's proposals
-Unilateral withdrawal
-Mujibur Rahman
-Possible meeting with Bangladesh leader
-US-Indian relations
-Diplomatic relations
-Treaty
-Ideals
-Progress, peace
-US objectives
-US actions
41
NIXON PRESIDENTIAL MATERIALS STAFF
Tape Subject Log
(rev. 10/06)
Conv. No. 613-12 (cont.)
-Relief, civilian government, amnesty, unilateral withdrawal
-Soviet-Indian Friendship Pact
-India’s non-aligned status
-Possible conflict with Pakistan
-Gandhi's forthcoming conversation with Rogers, November 5. 1971
-Mujibur
-Release
-Possible effect
-Yahya Khan
The PRC
-Compared to Indians
Kissinger's dinner at Joseph W. Alsop's
-Henry M. (“Scoop”) Jackson
-Views regarding other Democrats
-Previous comments
-Timing
-Vietnam
-Edmund S. Muskie
-Foreign aid
-Comments regarding the President
-Stewart Alsop
Joseph Alsop
-Conversations with Kissinger
-Comments regarding the President
-Gerald R. Ford, Leslie C. Arends
The President
-Conversation with Josip Broz Tito
-Unknown writing
India-Pakistan
-Pakistani proposals
-International relief
-Amnesty
-Mujibur Rahman
-Civilian government
-Arms supply
-Unilateral withdrawal
42
NIXON PRESIDENTIAL MATERIALS STAFF
Tape Subject Log
(rev. 10/06)
Conv. No. 613-12 (cont.)
-The President's forthcoming conversation with Gandhi
-Yahya Khan
-India's options
-Accommodation
-Compared to war
*****************************************************************
BEGIN WITHDRAWN ITEM NO. 9
[National Security]
[Duration: 35s ]
INDIA-PAKISTAN RELATIONS
END WITHDRAWN ITEM NO. 9
*****************************************************************
-Ganhi
-Indian press
-The President's forthcoming conversations with Gandhi
-Tone
**************************************************************************
BEGIN WITHDRAWN ITEM NO. 11
[National Security]
[Duration: 24s ]
INDIA
END WITHDRAWN ITEM NO. 11
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43
NIXON PRESIDENTIAL MATERIALS STAFF
Tape Subject Log
(rev. 10/06)
Conv. No. 613-12 (cont.)
Kissinger left at 9:50 am.