Conversation No. 623-3

Date: November 23, 1971
Time: 10:01 am - 11:40 am
Location: Oval Office

The President met with Ronald L. Ziegler.

     The President's schedule
          -John B. Connally

     Pending legislation
          -Tax Bill
               -Check-off provision

An unknown man entered at an unknown time after 10:01 am.

     Request that Connally be asked to join them

The unknown man left at an unknown time before 10:04 am.

     Pending legislation
          -Tax Bill
               -Ziegler's previous breakfast with William E. Timmons

     President's previous speech to American Federation of Labor-Congress of Industrial
          Organizations [AFL-CIO] convention
          -George Meany's conduct
                 -Connally's previous comments

Connally entered at 10:04 am.
                                          7

                      NIXON PRESIDENTIAL MATERIALS STAFF

                                 Tape Subject Log
                                   (rev. 10/06)
                                                                   Conv. No. 623-3 (cont.)


Connally's schedule

Pending legislation
     -Tax Bill
          -The President's previous meeting with Hugh Scott and Robert P. Griffin
                 -Possible veto
                 -Check-off provision
                      -Possible House action
          -White House strategy
                 -Possible House conference action
                 -Possible veto
                      -John W. Byrnes
                      -Connally
                            -Charls E. Walker
                 -Possible House action
                      -Southern House members
                 -Possible veto
                 -Possible special session of Congress

Public relations
     -Previous speech to AFL-CIO convention
            -Meany's conduct
                 -Connally's previous comments
                       -Press coverage
                             -Boston Globe
            -Barry M. Goldwater and Scott
            -Possible questions to Ziegler
                 -Gerald L. Warren
                 -The President's attitude and expectations
                 -Television coverage of speech
                       -Warren
                 -The President’s attitude
                 -The President's previous conversation with Scott and Griffin
                 -Meany's attitude
                       -Special interest groups
                       -Compared to Cornelius Vanderbilt
                 -Connally's previous comments
                       -Editorials
                       -The President’s response
                       -Meany
                 -The President's attitude and expectations
                                               8

                            NIXON PRESIDENTIAL MATERIALS STAFF

                                      Tape Subject Log
                                        (rev. 10/06)
                                                                  Conv. No. 623-3 (cont.)


                            -Future speeches

Ziegler left at 10:16 am.

                 -Connally's previous comments
                      -Television coverage
                 -Edmund S. Muskie, Hubert H. Humphrey and Henry M. (“Scoop”) Jackson
                      -Schedules
                 -Convention adjournment
                 -Meany
                      -Connally's previous comments
                            -Michael J. Mansfield's views
                                  -Scott
                      -Comments
                            -The President
                            -Arnold R. Weber, George H. Boldt, Connally and James D.
                                   Hodgson
                 -Labor's support for the President's foreign policy
                 -John L. Lewis
                 -White House reaction
                 -Television coverage

     Connally's schedule

     The President's schedule
          -Eisenhower Medical Center

     Connally's schedule
         -Foreign visit
                -Meetings
                     -Mario Ferrari Aggradi
                     -Japanese officials
                     -Canadian officials
                     -Timing

     Pending legislation
          -Tax Bill
               -Funding for presidential campaigns
                      -Effect
                           -Minor presidential candidates
                           -Minor political parties
                             9

         NIXON PRESIDENTIAL MATERIALS STAFF

                     Tape Subject Log
                       (rev. 10/06)
                                                    Conv. No. 623-3 (cont.)


           -George C. Wallace
           -John C. Stennis
-Possible veto
-Possible House action
-Possible veto
     -Possible special session of Congress
-Necessity
-Funding presidential campaigns
     -Effect
-Possible veto
-House of Representatives
     -The President’s view
           -Gerald R. Ford, Leslie C. Arends and George H. Mahon
     -Wilbur Mills
           -Connally’s view
-Senate vote
-Possible veto
     -Support for veto
-Possible provisions of bill
-Funding political campaigns
     -Effect
           -Major political parties
                 -Independent voters
           -Quality of candidates
                 -Contributions
                      -1968 campaign
                 -Primaries
                 -Examples in the South
                      -James O. Eastland
                      -Stennis
                      -Russell B. Long
                      -Compared to demagogues
                 -Effectiveness of special interest groups
                      -Compared to intellectuals
                      -Compared to general public
           -1972 presidential campaign
                 -Edward M. Kennedy
                 -Jews
                      -Henry A. Kissinger
                      -Humphrey and Muskie
           -Congress
                                         10

                     NIXON PRESIDENTIAL MATERIALS STAFF

                                 Tape Subject Log
                                   (rev. 10/06)
                                                              Conv. No. 623-3 (cont.)


                            -Responsiveness to constituents
                -Intentions of Founding Fathers
                      -Voter qualifications
                -Mediocrity in government
                      -Broadening of franchise
                            -Voting Rights Bill
                            -Literacy tests
                            -Minorities
                                  -Connally’s view
                                  -The President’s view
          -Necessity
                -Economic prospects
                      -Connally’s view
                            -Possible veto
                -Possible special session of Congress
     -Government reorganization
     -Revenue-sharing
     -Welfare reform
     -Health Bill
     -Education reform
     -Tax Bill

International monetary situation
      -George P. Shultz
      -Status of negotiations
      -Realignment of currencies
            -Public perception
            -Effect on US economy
            -Commentators
            -Trade
            -Political effects
            -Connally's previous comments
                  -Mexico
                        -Negotiations
            -Trade negotiations
                  -Agriculture
                  -Computers
                  -Automobiles
            -Agriculture
                  -Negotiations
                        -William D. Eberle
                                          11

                     NIXON PRESIDENTIAL MATERIALS STAFF

                                   Tape Subject Log
                                     (rev. 10/06)
                                                                  Conv. No. 623-3 (cont.)


                         -Italy
                              -Rinaldo Ossola
                                   -Meeting with Connally
                                         -Message from Mario Ferrari Aggradi
                         -Japan
                              -Negotiations on cattle
                                   -Effect on states
                              -Quotas on the importation of calves
                                   -Henry L. Bellmon
                                   -Tariffs
                                   -South Korea
     -Timing
     -Public relations

The President's schedule
     -Forthcoming meeting with Shultz
     -Forthcoming meeting with Connally and Arthur F. Burns
          -Price of gold

Federal Reserve Board [FRB]
     -Appointments
          -Connally's conversation with Frederic V. Malek
          -William J. Carson
                -Connally’s view
                -Conversation with Connally
                     -Loyalty
                     -Impact of Reserve Board
                          -Money supply
                     -Loyalty
          -Burns's views
          -Carson

International monetary situation
      -Gold price
           -France
                  -Georges J.R. Pompidou
           -Italy
           -Ossola's previous conversation with Connally
                  -Aggradi
           -Group of Six
           -Group of Ten
                                         12

                     NIXON PRESIDENTIAL MATERIALS STAFF

                                 Tape Subject Log
                                   (rev. 10/06)
                                                                  Conv. No. 623-3 (cont.)


           -Composition of Group of Six
               -Possible proposition
                     -Rates of exchange
                           -Linkage of rates and currencies

William F. (“Billy”) Graham
     -Previous conversation with the President
           -Meany
           -Alexander Douglas-Home
           -Graham's conversation with Anthony P. Lysberg, Lord Barber
                 -Barber’s view of Connally

Barber

International monetary situation
      -Gold price
           -Group of Six
                 -Possible proposition
           -Convertibility
           -Possible congressional action
                 -Political effects
                       -Pierre Rinfret
           -Connally's negotiations
                 -Import surcharge
                       -Connally's previous conversation with Ossola
                 -Trade concessions
      -The President's schedule
           -Pompidou, Edward R.G. Heath and Willy Brandt
      -Negotiations
           -Timing
           -Politics
                 -Agriculture
           -Possible public statement
           -Possible strategy
                 -Meeting with European officials
                       -Paul A. Volcker's possible press conference
                             -Possible concessions
                                    -Price of gold
                                    -Import surcharge
                                    -Trade
           -France
                                       13

                    NIXON PRESIDENTIAL MATERIALS STAFF

                                Tape Subject Log
                                  (rev. 10/06)
                                                              Conv. No. 623-3 (cont.)


                -The President’s forthcoming meeting with Pompidou
                      -Concession on price of gold
                      -Agricultural products
          -Monetary issues compared to trade issues
                -Price of gold
                      -Currency issue
                -Import surcharge
                      -Trade issue
          -US negotiating strategy
          -Connally's schedule
                -Shultz, Kissinger and William P. Rogers
          -Shultz's views
                -Previous conversation with Connally
          -Price of gold
                -Germany and France
                -Burns’s views
                      -Henry S. Reuss and Jacob K. Javits
                      -Congress's actions
          -Trade compared to currency realignment
                -Politics
                      -1972 campaign
                      -Price of gold

National economy
     -Money supply
           -Connally's previous conversation with Burns
           -Connally's forthcoming conversation with Burns
                 -Burns's speech in New York
                 -The President’s view
     -Effect on the dollar
           -William McChesney Martin
     -Value Added Tax [VAT]
           -Edwin S. Cohen's views
           -Connally’s view
                 -Politics
           -Cohen and John Alexander
           -Connally’s view
                 -Timing
                 -Effect
                       -Balanced budget
                                                14

                          NIXON PRESIDENTIAL MATERIALS STAFF

                                      Tape Subject Log
                                        (rev. 10/06)
                                                                    Conv. No. 623-3 (cont.)


Stephen B. Bull entered at an unknown time after 10:16 am.

     The President's schedule
          -Kissinger

Bull left at an unknown time before 11:12 am.

     National economy
          -VAT
                -Politics
                      -Connally's experience

Kissinger entered at 11:12 am.

           -Tax Bill

     India-Pakistan
           -Possible telephone call from Rogers
           -US policy
                -Pakistan
                       -People’s Republic of China [PRC]
                -India-Soviet Union relations
                -India’s role
                -Possible State Department options
                -United Nations [UN]
                       -US position
                             -PRC
                             -Soviet Union
                       -Security Council
                -Kissinger’s forthcoming conversation with Rogers
                       -Pakistan
                       -India
                       -UN
                             -Great Britain and Rhodesia
                             -East Pakistan
                -State Department
                -Washington Special Action Group [WSAG]
           -Pakistani proposal
                -Mujibur Rahman
           -US policy
                -Rogers
                                             15

                          NIXON PRESIDENTIAL MATERIALS STAFF

                                     Tape Subject Log
                                       (rev. 10/06)
                                                                     Conv. No. 623-3 (cont.)


               -Cables
               -Aid to Pakistan
               -Aid to India
                     -President’s view
               -UN
                     -Possible resolution
                           -Support
                     -PRC
                     -George H. W. Bush
                           Proposed meeting with PRC officials
               -Cables
                     -Kissinger and Rogers

     David M. Kennedy
          -Possible role with administration
               -North Atlantic Treaty Organization [NATO]

     Peter G. Peterson's schedule
           -Forthcoming trip to Europe
                -Conversation with Kissinger
                -Possible meetings with economic ministers and Prime Ministers
                      -The President’s view

H. R. (“Bob”) Haldeman entered at an unknown time after 11:12 am.

               -Forthcoming conversation with Kissinger
                    -Peterson’s forthcoming trip
                    -The President's schedule
                          -Future meetings with heads of state
                    -Connally's schedule
                          -Forthcoming meeting with Group of Ten
               -Approval

     White House staff
          -Presidential approval of foreign travel
                -Cabinet officers
                -Peterson
                      -Shultz's previous conversation with Sally Peterson
                           -Peter Peterson’s forthcoming trip to Europe
                      -Forthcoming conversation with Shultz and Kissinger
                           -Forthcoming announcements
                                              16

                          NIXON PRESIDENTIAL MATERIALS STAFF

                                      Tape Subject Log
                                        (rev. 10/06)
                                                                       Conv. No. 623-3 (cont.)


                                -Foreign travel
                     -Shultz
                          -Previous conversation with Sally Peterson
                     -Possible meetings with Prime Ministers

Haldeman left at an unknown time before 11:39 am.

     International monetary policy
           -Connally's schedule
                 -Forthcoming meeting with Shultz and Kissinger
                       -Burns’s potential involvement
                       -Peterson’s potential involvement
                 -Kissinger, Shultz, and Burns
                 -Timing
                       -Forthcoming meeting of the President, Connally, and Burns
           -Connally's proposal
                 -Shultz
           -Price of gold
                 -Connally's proposal
           -Negotiations
                 -Timing
                 -Price of gold
                       -Forthcoming Group of Ten meeting
                       -The President's forthcoming meeting with Pompidou
                 -Forthcoming Group of Ten meeting
                       -Import surcharge
                       -Currency revaluation
                       -Price of gold
                       -President’s forthcoming meeting with Pompidou
                             -Germany
                             -Possible compromise
                 -Connally's previous meeting with Ossola
                       -Forthcoming proposition
                             -Price of gold
                 -Possible settlements
                       -Import surcharge
                       -Price of gold
                       -Pompidou
                       -Connally’s role
                       -The President’s view
                 -The President's schedule
                                              17

                              NIXON PRESIDENTIAL MATERIALS STAFF

                                       Tape Subject Log
                                         (rev. 10/06)
                                                                     Conv. No. 623-3 (cont.)


                      -Forthcoming meeting with European leaders
                            -Timing of announcements
                      -Pierre E. Trudeau
                      -Eisaku Sato
                 -Proposed message to Sato
                      -Connally
                 -Trudeau
                      -The President’s view
                      -Connally's schedule
                            -Proposed telephone call to Trudeau
                      -Kissinger's schedule
                            -Proposed telephone call to Trudeau
                            -Proposed telephone call to Canadian Ambassador
                                  -State Department

     Brandt
          -Previous call to Kissinger
               -Forthcoming announcement
               -India-Pakistan

     The President's schedule
          -Forthcoming meetings with Burns, and Connally
          -Forthcoming meeting with Shultz
          -Forthcoming meeting Connally, Kissinger, and Burns
          -Burns
               -Pompidou
                      -International monetary negotiations
                            -Surcharge
                            -Currency realignment

     Kissinger's schedule
          -Forthcoming meeting with Peterson and Shultz
                -Connally
                -Peterson, Paul W. McCracken, Herbert Stein, Maurice H. Stans and John A.
Volpe
                      -Travel to Europe

Kissinger left at 11:39 am.

     International monetary negotiations
           -Shultz, Kissinger, and Connally
                                               18

                             NIXON PRESIDENTIAL MATERIALS STAFF

                                      Tape Subject Log
                                        (rev. 10/06)
                                                                  Conv. No. 623-3 (cont.)


                -Briefing material
           -The President’s view

     Connally's schedule
         -Idanell (“Nellie”) Connally

Connally left at 11:40 am.