Conversation No. 724-2
                                               2

                     NIXON PRESIDENTIAL MATERIALS STAFF

                                      Tape Subject Log
                                        (rev. Jan-02)



Date: May 15, 1972
Time: Unknown between 2:25 pm and 3:32 pm
Location: Oval Office

The President met with Stephen B. Bull.

     John B. Connally
          -Arrival

Connally entered at 2:29 pm.

     Arthur F. Burns
          -A speech
                -Distribution
                -Disagreement with Connally
          -The President’s view
          -Discussion with [First name unknown] Turner

An unknown person entered at an unknown time after 2:29 pm.

     Refreshment orders

The unknown person left at an unknown time before 3:32 pm.

     Burns
          -A speech
          -Canadian government
               -The President’s view
          -A speech
               -Effect
                      -International monetary negotiations
          -Possible rebuttal
               -Paul A. Volcker
          -Pepperdine College speech
               -Domestic monetary situation
          -Discussions with the President
          -Value to administration
          -The President’s view
          -Value to Administration
          -Appointment of Andrew F. Brimmer
               -Alternatives
          -Work of Jeffrey M. Bucher
               -Connally’s view
                                         3

                 NIXON PRESIDENTIAL MATERIALS STAFF

                                 Tape Subject Log
                                   (rev. Jan-02)            Conv. No. 724-2 (cont.)

       -Story on speech
             -Comparison to Pepperdine speech
                  -Controls
                        -Domestic
                        -International
       -Relations with the press

Jews
       -In press
       -In government
             -Plans for second term
             -Frederic V. Malek
                   -Background
                         -Check by H. R. (“Bob”) Haldeman
             -Schedule C appointees
                   -Percentage of Jews to be allowed
                         -The President’s view
                         -Haldeman's views
             -Geographical areas
             -Schools to avoid
                   -Harvard
                   -Yale
                   -Princeton
                   -Columbia
             -Malek's work
                   -The President’s view
             -President's review of Schedule C list
             -Change in philosophy

Effect of Washington environment
     -Potter Stewart
           -The President’s view
           -Compared to William O. Douglas
           -"Georgetown set"
           -Mrs. Stewart
     -Effect on others
           -Texans
           -Californians
           -Embassy officials
     -Similarities

Connally's schedule
    -Montreal
                                        4

                NIXON PRESIDENTIAL MATERIALS STAFF

                                Tape Subject Log
                                  (rev. Jan-02)                  Conv. No. 724-2 (cont.)

           -Cancellation
                -Reasons
     -Latin America trip
           -Timing
                -Vietnam
                -Resignation
     -Montreal banking meeting
           -Number and nationalities attending
           -Attendees
                -Volcker
                -Burns
                -James Dewey Daane
                -Herbert Stein
                      -Council of Economic Advisors [CEA]
                -Peter M. Flanigan
                      -Council of International Economic Policy [CIEP]
                -Desire to make news

Business Council
     -The President’s view
     -Donald McI. Kendall
     -President's actions in behalf of business
     -Stance on Vietnam
           -Compared with George Meany
                 -The President’s view
     -The President’s and Connally’s view
     -Administration representatives at meeting
           -Secretary of Commerce
           -William P. Rogers
     -Administration actions in behalf of business
           -Alternatives
                 -Hubert H. Humphrey
                 -George S. McGovern
                 -Edward M. Kennedy
     -Meetings with the President and government officials
     -The President’s view
           -Compared with Elmer H. Bobst
           -Compared with Robert H. Abplanalp
           -Compared with John W. Mulcahy
     -1968 campaign contributions
           -Amount
           -Compared with Mulcahy
     -Cyrus R. Smith
                                       5

                NIXON PRESIDENTIAL MATERIALS STAFF

                               Tape Subject Log
                                 (rev. Jan-02)                     Conv. No. 724-2 (cont.)

          -Attitude toward Business Council
     -The President’s view
     -Stance on Vietnam policy
          -Greg Borchers [?]
     -Kendall
          -The President’s view
          -Wife
     -The President’s view
     -Mail survey on the blockade decision
          -Amount of response
          -Use
          -Business Council responses
                -Rusty Young
                -Expected results
                -Reasons
     -Kendall
          -Advice on Soviet trade policy
     -Trade policy
          -President's knowledge compared with Business Council
          -Peter G. Peterson
          -Flanigan
          -Soviet trade
                -Export-Import [Ex-Im] Bank credits
                      -Grain crop
                -Most Favored Nation [MFN] status
                -Statistics
                      -Peterson
                -US return
                -Soviet return
                      -Computers
                      -Grain
                -US return
                -Kendall's interest
                      -PepsiCola
                -Meetings with the President
                      -Texas Eastern
                            -Oil and gas interests
                      -George Kirby
                      -Reports on meetings with Alexei N Kosygin
                -Need for deal

Soviet Summit
     -Cancellation
                                        6

                NIXON PRESIDENTIAL MATERIALS STAFF

                               Tape Subject Log
                                 (rev. Jan-02)                   Conv. No. 724-2 (cont.)

          -Connally's prediction
          -Timing
          -Likelihood
     -Communications on preparations
          -Meeting with Henry A. Kissinger
                -Gifts
                      -Hydrofoil
                      -Cars
     -Cancellation
          -Predictions
          -Likelihood
     Previous speech on the blockade
          -People's Republic of China [PRC] response
          -Soviet response

Vietnam
     -Recent victories
           -Effect on morale
                 -US
                 -South Vietnam
           -Firebase Bastogne
     -Sorties
           -Number since blockade decision
           -Effect
           -Targets
                 -Red River Bridge
                 -Oil dumps
           -Expectations of success
                 -1968 Central Intelligence Agency [CIA] comparison
                       -Cambodian support
                             -Sihanoukville
                       -Ports
                       -Mechanization
                             -Oil
                             -Rolling Stock
                             -Railroads
           -Effect on railroads
           -Weaponry
     -North Vietnam-Soviet Union relations
     -US military actions
           -Risk
           -Effects
                 -Settlement
                                         7

                NIXON PRESIDENTIAL MATERIALS STAFF

                                Tape Subject Log
                                  (rev. Jan-02)                   Conv. No. 724-2 (cont.)

                     -Timing
                -Destruction of North Vietnamese assets

Soviet Union`
     -Role in Vietnam settlement
          -Timing
          -Credit
     -Communications
          -Leonid I. Brezhnev
     -Summit

Vietnam
     -US military actions
     -State Department
           -Story on mines
                 -Repudiation
                       -Kissinger meeting with Anatoliy F. Dobrynin
     -Public opinion
           -Polls
                 -Louis P. Harris
                       -Percentage
           -Pennsylvania
                 -John Getz's report
     -President's decision
           -The President’s view
           -Alternatives
                 -Fall of Hue
                 -Da Nang evacuation
                 -Summit cancellation
           -The President’s view
     -Demonstration
           -Effect
                                              8

                     NIXON PRESIDENTIAL MATERIALS STAFF

                                     Tape Subject Log
                                       (rev. Jan-02)          Conv. No. 724-2 (cont.)

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BEGIN WITHDRAWN ITEM NO. 3
[Personal Returnable]
[Duration: 58s ]


END WITHDRAWN ITEM NO. 3

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     Vietnam
          -President's previous speech on the blockade
                -Senate Democratic Caucus vote
                      -Necessity
                      -Connally’s view

     President's schedule
          -Meeting with George P. Shultz
                 -Time
          -Meeting with Connally

An unknown person entered at an unknown time after 2:29 pm.

     Refreshment order

The unknown person left at an unknown time before 3:32 pm.

     Shultz
          -Appointment as Secretary of Treasury
          -Connally's appointment
               -Date
          -Connally's tenure
               -Length
          -Qualifications
          -Discussions
          -Nomination process
          -Acting Secretary status
               -Connally's discussions with Haldeman
          -Confirmation
               -Connally's status
               -Likelihood
               -Transition period
                      -Volcker
                                  9

          NIXON PRESIDENTIAL MATERIALS STAFF

                          Tape Subject Log
                            (rev. Jan-02)                 Conv. No. 724-2 (cont.)

            -Charls E. Walker
-Business community
      -Effect
      -Opinion of Shultz
      -Burns
-Timing of appointment
      -President's return from Moscow
      -Connally's schedule
            -Idanell Brill (“Nellie”) Connally
            -Travel
-New positions at Treasury
      -Shultz's decision
-Advantages to the President
      -Caspar W. Weinberger
      -Cabinet
      -Budget
-Transition
-Support
      -William F. (“Billy”) Graham
-Connally’s view
-Forthcoming announcement of appointment
      -Calls
            -Clark MacGregor
      -Cabinet meeting
            -Time
            -Attendees
            -President's comments
            -Connally's comments
      -Press briefing
            -The President, Connally, Shultz, Weinberger
            -President's remarks
                  -Connally's role in transition
                  -Shultz's qualifications
                  -Weinberger's appointment
                        -Office of Management and Budget [OMB]
            -Ronald L. Ziegler [?]
            -Connally's remarks
                  -Reasons for resignation
                  -Review of accomplishments
                  -Future plans
                        -Smithsonian Agreement
                        -Control programs
                  -Support for the President
                                            10

                    NIXON PRESIDENTIAL MATERIALS STAFF

                                    Tape Subject Log
                                      (rev. Jan-02)                Conv. No. 724-2 (cont.)

                               -National Security Council [NSC] membership
                    -Expected questions
                         -Future plans
                         -Endorsement of Democrats
                         -Support for the President
                         -Nellie Connally


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BEGIN WITHDRAWN ITEM NO. 4
[Personal Returnable]
[Duration: 3m 31s ]


END WITHDRAWN ITEM NO. 4

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    Nelson A. Rockefeller
         -Veto on busing moratorium
         -The President’s view
         -Vetoes
              -Anti-abortion bill
              -Forest Hills integrated housing

    President's opinions
         -Integrated housing
         -Busing
         -Abortion
                -Religious considerations
                     -Graham
                     -Terence Cardinal Cooke
                -Personal consideration

    Connally
        -Availability
             -Parallel to end of term as governor
                    -Mark Connally
                    -Move to Houston
                    -Connally's work
                         -Richardson and Bass law firm
                               -Sid Richardson
                                   11

           NIXON PRESIDENTIAL MATERIALS STAFF

                           Tape Subject Log
                             (rev. Jan-02)                  Conv. No. 724-2 (cont.)

                  -Length of service
      -Nellie and John Connally's plans
-Trip to South America
      -Brazil
      -Purpose
-Trip to Europe
-Trip to South America
      -Robert H. Finch
-Trip to Africa
-Trip to South America
      -Discussion with Kissinger
            -Timing
                  -Soviet Summit
                  -Shultz's confirmation
                        -Russell B. Long and Senate Finance Committee
      -Purpose
      -Brazil
      -Argentina
      -Value
-Possible trip to Africa
      -South Africa
            -The President’s view
-Trip to Arab countries
      -Jewish influence in US
      -Oman
      -Saudi Arabia
      -Algeria
      -Iran
      -Morocco
      -North African countries
      -Value
-Need for trip
      -Brazil
            -Emilio Garrastazu Medici
-Timing
-Value of Connally visit
      -Celebrity status in other nations
      -Continuity of relationship with the President
-Trip to Iron Curtain countries
      -President's trips to Poland, Romania, Yugoslavia, and Hungary
-Connally's trip
      -President's preference
            -Latin America
                                          12

                NIXON PRESIDENTIAL MATERIALS STAFF

                                Tape Subject Log
                                  (rev. Jan-02)                 Conv. No. 724-2 (cont.)

         -President's visit to Mexico
         -Itinerary
               -Colombia
               -Brazil
               -Argentina
                     -Connally’s view
     -Appointment to President's Foreign Intelligence Advisory Board [PFIAB]
         -Reasons

Restructuring of intelligence bureaucracy
     -Richard M. Helms
           -The President’s view
           -Replacement
                 -Removal of Georgetown influence
                 -Adm. George W. Anderson
     -PFIAB
           -Retention
     -Disarmament Board
           -President's plans
           -The President’s view
     -Improvements
           -Accuracy of intelligence on Soviets
     -Connally's role
           -Announcement
                 -Timing
           -Purposes
                 -Visits to Washington, DC
                 -Information
           -Need
                 -Defense of US
                 -Foreign policy
                 -Economic intelligence
                        -Discussion with Anderson
     -Appointment to PFIAB

Connally
    -Resignation
         -Announcement
               -Cabinet meeting
               -Press briefing
                     -Ziegler
                     -Press speculation
    -Return to Texas
                                             13

                       NIXON PRESIDENTIAL MATERIALS STAFF

                                     Tape Subject Log
                                       (rev. Jan-02)       Conv. No. 724-2 (cont.)

                 -Ben F. Barnes


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BEGIN WITHDRAWN ITEM NO. 7
[Personal Returnable]
[Duration: 1m 30s ]


END WITHDRAWN ITEM NO. 7

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     Connally
         -Schedule
              -Attendance at Blue Room reception
                   -Nellie Connally
              -Location
              -Shultz meeting
              -Meeting with Kissinger
              -Location of Shultz meeting

Connally left at 3:32 pm.