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Conversation: 854-019

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Start Date: 13-Feb-1973 10:59 AM

End Date: 13-Feb-1973 11:42 AM

Participants:

Nixon, Richard M. (President)Ehrlichman, John D.Bull, Stephen B.Shultz, George P.Sanchez, Manolo

Recording Device: Oval Office

854-019.mp3

NARA Description:

On February 13, 1973, President Richard M. Nixon, John D. Ehrlichman, Stephen B. Bull, George P. Shultz, and Manolo Sanchez met in the Oval Office of the White House from 10:59 am to 11:42 am. The Oval Office taping system captured this recording, which is known as Conversation 854-019 of the White House Tapes.

Nixon Library Finding Aid:

Conversation No. 854-19

Date: February 13, 1973
Time: 10:59 -11:42 am
Location: Oval Office

The President met with John D. Ehrlichman
                                              -20-

                   NIXON PRESIDENTIAL LIBRARY AND MUSEUM

                                      Tape Subject Log
                                       (rev. August-10)
                                                               Conversation No. 854-19 (cont’d)

       President’s schedule
              -Meeting with George P. Shultz
                      -Personnel meeting
                      -Publicity
                             -Trade
                             -Home front devaluation

       Public relations
               -Shultz's statements
                       -Apolitical nature
                       -Trade
                               -American products
                               -Press conference
                                       -Political points
                                               -Foreign consumption
                                               -Great Britain [?]
                                       -Coverage

       Personnel appointments
              -Cathy Douglas
                     -William O. Douglas
                     -Application for job at Justice Department
                     -Assistant US Attorney
              -Rogers C. B. Morton
                     -Meeting with President
                     -Health
              -Second Circuit Court
                     -Connecticut
                     -L[ouis] Patrick Gray, III
              -Gray
              -Successor at Federal Bureau of Investigation [FBI]
                     -Loyalty
                     -Biographies
              -Henry E. Peterson
                     -Assistant Attorney General

Stephen B. Bull entered at an unknown time after 10:59 am.
                                                -21-

                   NIXON PRESIDENTIAL LIBRARY AND MUSEUM

                                       Tape Subject Log
                                        (rev. August-10)
                                                               Conversation No. 854-19 (cont’d)



       Shultz’s arrival for meeting

Bull left at an unknown time before 11:42 am.

       Personnel appointments
              -Petersen
                      -Judgeship
                      -FBI director
                      -Apolitical civil servant
              -Gray
                      -Removal as nominee
                              -Watergate
                      -Newsweek article
              -FBI director
                      -List of names
                              -Gray
              -Jerry V. Wilson
                      -Washington, DC police chief
                      -Retention
                      -Meeting with President

       Nelson A. Rockefeller
              -Trip to Europe, Japan
              -Presidential politics
              -Anne L. Armstrong
                      -Rockefeller’s political aspirations
                             -Ronald W. Reagan

       Meeting with Shultz
             -Length

Shultz and the White House photographer entered at 11:05 am.

       Presidential appointments
              -Judges
                      -George L. Hart, Jr.
                                              -22-

                    NIXON PRESIDENTIAL LIBRARY AND MUSEUM

                                       Tape Subject Log
                                        (rev. August-10)
                                                            Conversation No. 854-19 (cont’d)

                      -Supreme Court

       International monetary situation
               -Devaluation
               -Next crisis
               -Fixed rates of exchange

       Photographs
             -Chair

       International monetary situation
               -Value of dollar
               -Speculation
                      -Gold

Members of the press entered at an unknown time after 11:05 am.

       California

       [Photograph session]

       International monetary situation
               -Shultz’s statement
                      -Devaluation
                              -US foreign relations
                      -Value of dollar
                              -Cost of living
               -Phase III
                      -August 15, 1971 decision
               -Devaluation
                      -Public reaction
               -Trade
                      -Lowering barriers
                      -American products
                      -Negotiations
                      -Congress’s role
                      -Restrictions
                                            -23-

                   NIXON PRESIDENTIAL LIBRARY AND MUSEUM

                                     Tape Subject Log
                                      (rev. August-10)
                                                            Conversation No. 854-19 (cont’d)

                     -Safeguards
                     -Flooding markets
                             -Japan
                     -US jobs
                     -Free trade
                             -Possibility of protectionism
                                     -Lowering barriers
                                     -Discrimination
                                     -Bargaining position
                     -Trade legislation
                             -Discussions
                                     -Russell B. Long
                                     -Wilbur D. Mills
                                     -Republican leaders
                                     -Business
                                     -Labor
                                     -Frank E. Fitzsimmons
              -Devaluation
                     -Temporary solution
                     -Need for trade legislation
                             -US trade imbalance
                                     -Causes
                                     -Reduction
                     -President’s speech to International Monetary Fund [IMF]
                             -System of exchange rates
                     -Congressional attitudes
                             -Trade legislation
                                     -Mills, Long
                                     -Consultation
                     -Travel abroad
                             -Cost

Members of the press and the White House photographer left at an unknown time before 11:42
am.

       Shultz’s press conference
                                             -24-

                   NIXON PRESIDENTIAL LIBRARY AND MUSEUM

                                      Tape Subject Log
                                       (rev. August-10)
                                                              Conversation No. 854-19 (cont’d)

       President’s economic message
              -State of the Union address
                      -Draft
                             -Trade
                             -Environment
              -Timing of message
                      -Shultz’s views

       Trade
               -Congressional relations
                       -Mills
                       -Japan
               -Paul A. Volcker
                       -Negotiations
                       -Abilities
               -Shultz’s press conference
                       -Reactions
                       -Henry A. Kissinger
                               -Conversations with Pham Van Dong
                                      -Laos
               -Shultz
                       -Consultation with President
                               -Arthur F. Burns
                               -Herbert Stein
                       -Meetings with Burns, William P. Rogers, and Stein
                               -Peter M. Flanigan
                               -Involvement
                       -Press briefings
                               -Attendance
                               -Process
                                      -President’s role
                                      -Negotiations
                                      -Policy group for President

Bull entered at an unknown time after 11:05 am.

       Rogers’s schedule
                                                -25-

                     NIXON PRESIDENTIAL LIBRARY AND MUSEUM

                                        Tape Subject Log
                                         (rev. August-10)
                                                            Conversation No. 854-19 (cont’d)

                 -Meeting with John A. Scali
                 -Cuba
                        -Hijackers
                        -Situation paper
                        -National Security Council [NSC]

Bull left at an unknown time before 11:42 am.

       Press relations
               -Shultz’s press conference
               -Pierre Rinfret
                       -Bombing
                               -Reason for halt
                       -Television [TV] appearance
                               -Columbia Broadcasting System [CBS]

Manolo Sanchez entered at an unknown time after 11:05 am.

       Refreshments

Sanchez left at an unknown time before 11:42 am.

       Rinfret
                 -US actions on trade

       Trade
                 -Treasury consultants
                        -Economists
                        -Approval
                        -US actions on trade
                 -US policy
                        -Free trade
                                -Foreigners
                        -Protectionist
                        -Congress
                 -Legislation
                        -Support of labor
                                     -26-

           NIXON PRESIDENTIAL LIBRARY AND MUSEUM

                              Tape Subject Log
                               (rev. August-10)
                                                     Conversation No. 854-19 (cont’d)

                    -Importance
                    -Compared to Burke-Hartke bill
                    -Fitzsimmons
                    -Schedules
                            -Face the Nation appearance
                            -Shultz’s meeting with Meany
                                    -Florida
                            -Shultz’s meeting with Fitzsimmons
                                    -Arizona
                                           -Tucson
                    -Meeting with President on plane
                    -Ehrlichman’s telephone call
                            -International monetary policy
                    -Fitzsimmons’s briefing by President
                            -Florida
                    -Meany’s briefing by Shultz
       -TV appearances
             -Face the Nation

       -Press relations
       -US products
       -Phase III
       -Shultz’s TV appearances
               -Question and answer [Q & A] format
       -Image of leadership
       -International speculators
               -US dollar
       -Multinational corporations
       -Jobs
               -Labor leaders
       -International sales
               -Agriculture

Labor relations
       -Fitzsimmons
               -Meeting with Shultz
                      -Face the Nation
                                      -27-

           NIXON PRESIDENTIAL LIBRARY AND MUSEUM

                              Tape Subject Log
                               (rev. August-10)
                                                      Conversation No. 854-19 (cont’d)

                      -Trade legislation
                              -Briefing by President
              -Shultz’s meeting with Meany
              -Golf game
       -Murray (“Dusty”) Miller
              -Telephone call to son from Presidential plane
              -Abilities
       -Teamsters
       -Statement
       -Unemployment insurance
              -Welfare
       -Labor-management Advisory Committee
              -Management representatives
                      -Power
                      -Walter Wriston
                      -James M. Roche
                              -retirement
                      -Leonard Woodcock
                              -Automobile industry
                      -Peter Blair
                              -Steel industry
                      Edward W. Carter [?]
       -Prisoners of war [POWs] return

POWs
       -Return
       -Helena M. (“Obie”) Shultz
              -TV coverage
       -Collaborators
       -Public reaction to POWs
       -Support for President
              -Sign
                       -Washington Star
       -President's telephone calls to wives
              -Capt. Jeremiah A. Denton, Jr., Col. Robison Risner, Capt. James A.
              Mulligan, Jr.
              -Wives' fortitude
                                       -28-

            NIXON PRESIDENTIAL LIBRARY AND MUSEUM

                               Tape Subject Log
                                (rev. August-10)
                                                          Conversation No. 854-19 (cont’d)



Shultz's schedule
        -Meeting with Meany
        -Business Council
               -Shultz's address at dinner
                       -Phase III
                       -Trade
               -David Packard
               -Exports
                       -Frederick Dent
                       -Programs
                       -Henry Kearns
                       -Interest in markets
                               -Stability
                                       -US markets
                       -Public’s understanding

Economic issues
      -Criticism of Administration
              -News summary
                      -Hobart Rowen
                      -Time
              -Stein’s view of economic outlook
              -Economists’ views
              -Credit crunch
              -Retail sales
              -Confidence
              -Rowen
              -Burns
                      -Uncertainty
                              -International businesses
              -Multinational corporations
                      -Crises
                      -Uncertainty

President’s schedule
       -Scali
                                       -29-

            NIXON PRESIDENTIAL LIBRARY AND MUSEUM

                               Tape Subject Log
                                (rev. August-10)
                                                       Conversation No. 854-19 (cont’d)

               -Departure for United Nations [UN]
International monetary situation
        -Reassurances by Shultz
        -Sense of crisis
               -Attention
               -Kissinger
                        -Vietnam
                        -People’s Republic of China [PRC]
                        -Fisheries
                        -Pismo Beach
                                -Environmental clean-up
        -Monetary crisis
               -Handling
                        -Game plan
                        -President’s support for Shultz
                                -Compared to Congressional relations
                                       -Budget
               -David M. Kennedy, John B. Connally
               -“Bureaucracy”
               -Convertibility
                        -Burns

Middle East
      -Kissinger
      -Golda Meir
             -Compared to Indira Gandhi
             -Visit to US
      -US-Israel relations
             -US position
             -Israel’s position
             -Israel’s allies
             -Moshe Dayan
                     -Oil shortages in US
                              -Effect on US policy
UN
      -US support
      -Kurt Waldheim
                                             -30-

                   NIXON PRESIDENTIAL LIBRARY AND MUSEUM

                                      Tape Subject Log
                                       (rev. August-10)
                                                              Conversation No. 854-19 (cont’d)



       Shultz’s schedule
              -Kissinger

       Ambassador
            -Swearing-in

Ehrlichman and Shultz left at 11:42 am.