Nixon White House Tapes › Tape 59 › Conversation 059-004
Nixon, National Association of Home Builders & Stastny
Monday, June 7, 1971 · 9:34 AM–10:13 PM ET · Cabinet Room · 46 min
Audio
This clip was extracted from the full tape recording by Easy Nixon.
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part B, 4:02
059a.mp3
059b.mp3
NARA Description
On June 7, 1971, President Richard M. Nixon and members of the Executive Board of Directors of National Association of Home Builders, including John A. Stastny, George Martin, Louis Cenker, Nathaniel Rogg, Stanley Waranck, Richard C. Van Dusen, James D. Hodgson, Laurence H. Silberman, White House photographer, Linwood Holton, John D. Ehrlichman, and George W. Romney, met in the Cabinet Room of the White House at an unknown time between 9:34 am and 10:13 pm. The Cabinet Room taping system captured this recording, which is known as Conversation 059-004 of the White House Tapes.
Nixon Library Finding Aid
Conversation No. 59-4
Date: June 7, 1971
Time: Unknown after 9:34 am until 10:13 pm
Location: Cabinet Room
John A. Stastny met with George Martin, Louis Cenker, Nathaniel Rogg, Stanley Waranck,
Richard C. Van Dusen, James D. Hodgson, and Laurence H. Silberman; the White House
photographer and members of the press were present at the beginning of the meeting
New Yorker cartoon
Kentucky Derby
Meeting in San Francisco
Vocational Training School in Chicago
The President, Linwood Holton, and John D. Ehrlichman entered at 11:05 am
Introductions
Wealth of home builders
Weddings of Julie Nixon Eisenhower and Tricia Nixon
-Invitation list
-Patricia R. (“Pat”) Nixon
Virginia Beach
-Julie’s comments
-Lost dog
-People
Number of housing starts
Labor problems
Interest rates
-John B. Connally
-Level
-Bankers’ views
-Arthur F. Burns
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Show the rest of the log (126 more lines)
[Previous archivists categorized this section as unintelligible. It has been rereviewed and
released 11/17/2022.]
[Unintelligible]
[059-004-w001]
[Duration: 1m 36s]
Housing [?]
Support
General conversation
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George W. Romney entered at an unknown time after 11:05 am
Housing industry trends
Romney
-Hodgson
Role of administration in supporting housing industry
-Unknown person discussed
-Number of houses built in 1970
-Money in savings and loan institutions
-Fall-off of housing sales
-Supply of money and effect on housing industry
-Mortgages and interest rates
-Romney’s forthcoming statement
Bond market
-Volatility of interest rates
-Federal Housing Administration [FHA] interest rate ceiling
Fluctuations in currencies
US and its share of world Gross National Product [GNP]
Wall Street speculators and fluctuations in money markets
Price paid for mortgages
Forthcoming financial instrument auction June 8
Interest rates’ trends in last half of 1971
Federal National Mortgage Association
Cost of money and its effect on sale and production of homes
-Sherman J. Maisel’s figures
-Effect on middle class
-Job loss
Interest rates and Consumer Price Index
-Wall Street speculators
US economy, dollar
-Status
-Compared with world economy
-Interest rates
Presidential statement, January 1970
Cost of lumber
-Conversations with George P. Shultz
Possible statement by Romney
-Task force on interest rates
-Connally
Davis-Bacon Act
-Executive order
-Wage and price controls
-Violation of guidelines
-Deferred wage increases
-Executive order
-Power of commission
Stabilization Commission
-Wage and Price Board
-Review Board
Construction regulations
-Cooperation by Silberman and Hodgson
-Safety Standards Act of 1969
-Application to housing industry
-Committee to establish regulation
-Cost per housing unit
-Construction Safety Act (1969)
-Safety Act (1970)
-Coal Mine Safety Act versus construction safety
-Ralph Nader
-Jack N. Anderson
Housing industry collective bargaining
Administration support for labor relations reform legislation
-Possible Congressional response
-Taft-Hartley Act
-Pro-labor views
-Transportation
-Carl B. Albert
-Michael J. (“Mike”) Mansfield
-Democratic leadership in House, Senate
-Landrum-Griffin Act
-George Meany
-Edward R. G. Heath’s actions in England
-Need for new legislation
National Labor Relations Board [NLRB]
-General Council
-Requirements for position
-Taft-Hartley Act
-President’s experience
-General Council
The President left at 11:48 am
Romney’s forthcoming statement
-Ronald L. Ziegler’s suggestion
-Treasury Department
-Timing of release
Recording was cut off at an unknown time before 10:13 pmTranscript (AI-generated)
No transcript is available yet for this conversation.
Also recorded on June 7, 1971
- 004-048 9:34 AM · 9 sec — President Richard M. Nixon and the White House operator talked on the telephone at an unknown time between 9:34 am and 10:22 am.
- 004-049 10:22 AM · 16 sec — President Richard M. Nixon and the White House operator talked on the telephone at 10:22 am.
- 004-050 10:24 AM · 4 min — President Richard M. Nixon, H. R. ("Bob") Haldeman, and Frank E. Fitzsimmons talked on the telephone from 10:24 am to 10:40 am.
- 004-051 10:29 AM · 12 sec — President Richard M. Nixon and the White House operator talked on the telephone at an unknown time between 10:29 am and 10:40 am.
- 004-052 10:40 AM · 1 min — President Richard M. Nixon and Adele (Langston) Rogers talked on the telephone from 10:40 am to 10:42 am.
- 004-053 10:42 AM · 7 sec — President Richard M. Nixon and the White House operator talked on the telephone at an unknown time between 10:42 am and 2:40 pm.
- 511-002 11:05 AM · 57 sec — met in the Oval Office of the White House at an unknown time between 11:05 am and 11:49 am.
- 511-003 11:49 AM · 4 min — President Richard M. Nixon, Alexander P. Butterfield, and Stephen B. Bull met in the Oval Office of the White House at an unknown time between 11:49 am and 11:55 am.
Cite this conversation
Conversation 059-004, June 7, 1971. White House Tapes, Richard Nixon Presidential Library and Museum, National Archives (NAID 417174173). Audio and AI transcript via Easy Nixon, https://www.easynixon.org/tapes/059-004 (accessed October 31, 2026).