{"conversationCode":"010-112","tapeNumber":10,"conversationNumber":112,"identifier":"37-wht-conversation-010-112","startDateTime":"1971-10-07T13:22:00.000Z","endDateTime":"1971-10-07T14:24:00.000Z","startDate":"7-Oct-1971","startTime":"9:22 AM","endDate":"7-Oct-1971","endTime":"10:24 AM","dateCertainty":"certain","timeCertainty":"estimated","participants":"White House operator; Safire, William L.; Connally, John B.;","description":"On October 7, 1971, the White House operator, William L. Safire, and John B. Connally talked on the telephone at an unknown time between 9:22 am and 10:24 am. The White House Telephone taping system captured this recording, which is known as Conversation 010-112 of the White House Tapes.","locationCode":"WHT","recordingDevice":"White House Telephone","latitudeEstimated":38.89767,"longitudeEstimated":-77.03655,"chronCode":2,"chronRelease":"Second Chronological Release","chronReleaseDate":"26-Oct-2000","aogpRelease":null,"aogpSegment":null,"lastModified":"2015-07-27T17:04:10.235Z","findingAid":"Conversation No. 10-112\n\nDate: October 7, 1971\nTime: Unknown between 9:22 am and 10:24 am\nLocation: White House Telephone\n\nThe White House operator talked to William L. Safire.\n\n     Call from John B. Connally\n\nSafire talked with Connally.\n\n[See Conversation No. 285-10C]\n\n     Speech draft\n          -Profits\n                -Windfall\n                    -Price Commission\n          -Connally’s agreement","filename":["010-112.mp3"],"tapeStart":"03:29:35","tapeEnd":"03:30:53","participantsList":["White House operator","Safire, William L.","Connally, John B."],"prevCode":"010-111","nextCode":"010-113","transcript":[{"start":0.76,"end":1.18,"text":"Hello?"},{"start":1.64,"end":2.56,"text":"Mr. Sapphire?"},{"start":2.58,"end":2.7,"text":"Yes."},{"start":2.9,"end":5.28,"text":"I have Secretary Conley for you, and he's in his car."},{"start":5.84,"end":6.12,"text":"Right."},{"start":7.42,"end":8.15,"text":"Mr. Sapphire?"},{"start":9.11,"end":9.37,"text":"Yes, sir."},{"start":9.81,"end":10.63,"text":"Hello, Mr. Secretary."},{"start":10.77,"end":11.41,"text":"Hi, Bill."},{"start":11.43,"end":19.72,"text":"The President wanted me to run this additional change in the profits area by you to make sure that you're completely comfortable with the entire passage."},{"start":21.2,"end":28.27,"text":"You recall the line, that's not fair and we won't let that happen, talking about windfall profits."},{"start":28.71,"end":30.17,"text":"Please cut that line out."},{"start":30.68,"end":32.36,"text":"and followed it with this."},{"start":33.8,"end":35.56,"text":"Well, I better read you the preceding paragraph."},{"start":36.08,"end":44.47,"text":"When wages and other costs are held down, even though prices are also held down, circumstances could arise in some cases that might generate exorbitant profits."},{"start":45.37,"end":47.21,"text":"And now here's the new following."},{"start":47.23,"end":58.1,"text":"In the few cases where this happens, rather than tax such profits, the price commission's policies will be that business should pass along a fair share of its cost savings to the consumer."},{"start":59.52,"end":60.26,"text":"That's good."},{"start":61.22,"end":61.82,"text":"Yeah, that's fine."},{"start":62.04,"end":62.34,"text":"All right."},{"start":62.38,"end":69.94,"text":"Now, are you completely satisfied with that, and it won't cause a ruckus, or do you think it should be further?"},{"start":70.14,"end":71.02,"text":"No, I think that's fine."},{"start":71.84,"end":74.11,"text":"I don't think anybody will object to that."},{"start":74.13,"end":74.71,"text":"Okay, that's fine."},{"start":74.73,"end":75.83,"text":"I think that's fine, Bill."},{"start":75.86,"end":76.34,"text":"Okay, sir."},{"start":76.36,"end":76.7,"text":"All right."},{"start":76.72,"end":77.34,"text":"Thanks a lot."}],"aiSummary":{"text":"William Safire consulted Secretary of the Treasury John Connally regarding revisions to a presidential speech draft concerning windfall profits and the Price Commission's regulatory approach. The participants agreed to remove a contentious line regarding unfair profits, replacing it with a policy mandate requiring businesses to pass cost savings directly to consumers. Connally confirmed his approval of the new language, noting that the revised messaging would likely avoid public controversy.","topics":["Economic policy","Price Commission","Windfall profits","William Safire","John Connally","Speechwriting"],"generatedAt":"2026-04-05T23:12:42.102Z"},"topicSlugs":["economic-policy","price-commission","windfall-profits","william-safire","john-connally","speechwriting"],"audioDurationSec":78,"audioFiles":[{"file":"010-112.mp3","bytes":1881442,"durationSec":78.34,"bitrate":192130,"missing":false}],"audioIsShared":false,"audioProbedAt":"2026-09-18T02:19:22.040Z","audio":["https://nixon.nyc3.digitaloceanspaces.com/audio/010-112.mp3"],"url":"https://www.easynixon.org/tapes/010-112","nixonLibraryUrl":"https://www.nixonlibrary.gov/white-house-tapes/10/conversation-010-112","license":"Public domain (U.S. Government work). AI-generated fields (transcript, aiSummary) are provided as-is without warranty."}