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Conversation 013-106

TapeTape 13StartWednesday, November 3, 1971 at 3:01 PMEndWednesday, November 3, 1971 at 4:25 PMTape start time03:43:57Tape end time03:45:56ParticipantsColson, Charles W.;  White House operator;  Burns, Arthur F.;  [Unknown person(s)];  Colson, Charles W.;  White House operator;  Burns, Arthur F.;  [Unknown person(s)]Recording deviceWhite House Telephone
AI Summary

Charles W. Colson attempted to reach Federal Reserve Chairman Arthur F. Burns to relay positive feedback regarding the market's response to Burns' recent policy announcement. Upon learning that Burns was attending a Cost of Living Council meeting, Colson left a message with Burns' office praising the Chairman's dividend decision. Colson noted that the market's 14-point rise was attributed to the statement, and he requested that this enthusiasm be conveyed to Burns as he prepared a supportive memorandum for President Nixon.

Arthur F. BurnsStock marketCost of Living CouncilDividend policyCharles W. ColsonEconomic policy
AudioNARA Description

On November 3, 1971, Charles W. Colson, White House operator, Arthur F. Burns, and unknown person(s) talked on the telephone at an unknown time between 3:01 pm and 4:25 pm. The White House Telephone taping system captured this recording, which is known as Conversation 013-106 of the White House Tapes.

Nixon Library Finding Aid
Conversation No. 13-106

Date: November 3, 1971
Time: Unknown between 3:01 pm and 4:25 pm
Location: White House Telephone

Charles W. Colson talked with the White House operator.

[See Conversation No. 301-25B]

     Request for a call to Arthur F. Burns
                                              73

                          NIXON PRESIDENTIAL MATERIALS STAFF

                                      Tape Subject Log
                                        (rev. 10/06)




The White House operator talked with Burns’ office at an unknown time.

     Colson's call to Burns
          -President
                -Burns’ location

Colson talked with an unknown woman at an unknown time.

     Burns’ location
          -Cost of Living Council meeting

     Burns’ statement, November 2nd
          -Stock market reaction
                -Colson's memo to President
Transcript (AI-Generated)

This transcript was generated automatically by AI and has not been reviewed for accuracy. Do not cite this transcript as authoritative. Consult the Finding Aid above for verified information.

Yes, would you see if Dr. Burns is available, if he's, yeah, see if he's available for me to talk to him, please?
Chairman's office.
This is the White House.
Mr. Colson is in the President's office asking for Dr. Burns.
Just a moment, please.
Mr. Colson?
Yes.
Hello?
Yes.
Mr. Coulson?
Yes.
Dr. Burns is over at the Cost of Living Council in room 44E.
Oh, sure.
I forgot about that.
Would you give him a message for me, please?
Of course.
Would you tell him that I was just preparing a memorandum for the President, telling him that the reaction we have gotten today from Wall Street to Dr. Burns' statement yesterday on the dividend decision has been very, very enthusiastic.
Oh, I'm glad.
And probably is...
at least in the analysis of some people, probably accountable for the fact that the market went up 14 points today.
I wouldn't be surprised.
Yeah, I think so.
I'm not at all surprised.
We really appreciate the fine job he did presenting that yesterday, and it's given the mood up there.
It's what they needed, yeah.
It is what they needed.
But just tell him that we're very thrilled with it, and I was just sending a memo into the president telling him that, and I wanted Dr. Burns to know it.
Oh, you're very kind.
Thank you so much, Mr. Colson.
Thank you.
Bye-bye.
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