Nixon White House Tapes — Conversation 013-106 Date: Wednesday, November 3, 1971 at 3:01 PM Participants: Colson, Charles W.; White House operator; Burns, Arthur F.; [Unknown person(s)]; Colson, Charles W.; White House operator; Burns, Arthur F.; [Unknown person(s)] Recording device: White House Telephone Source: https://www.easynixon.org/tapes/013-106 This transcript was generated automatically by AI (WhisperX) and has not been reviewed for accuracy. Do not cite it as authoritative. [0:01] 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? [0:33] Chairman's office. [0:35] This is the White House. [0:36] Mr. Colson is in the President's office asking for Dr. Burns. [0:41] Just a moment, please. [0:42] Mr. Colson? [0:43] Yes. [0:59] Hello? [1:00] Yes. [1:01] Mr. Coulson? [1:01] Yes. [1:01] Dr. Burns is over at the Cost of Living Council in room 44E. [1:05] Oh, sure. [1:05] I forgot about that. [1:06] Would you give him a message for me, please? [1:08] Of course. [1:09] 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. [1:26] Oh, I'm glad. [1:26] And probably is... [1:28] at least in the analysis of some people, probably accountable for the fact that the market went up 14 points today. [1:34] I wouldn't be surprised. [1:35] Yeah, I think so. [1:37] I'm not at all surprised. [1:38] We really appreciate the fine job he did presenting that yesterday, and it's given the mood up there. [1:44] It's what they needed, yeah. [1:46] It is what they needed. [1:47] 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. [1:55] Oh, you're very kind. [1:56] Thank you so much, Mr. Colson. [1:57] Thank you. [1:57] Bye-bye.