Nixon White House Tapes › Tape 272 › Conversation 272-014

Nixon & Shultz on Economic Policy and Textile Trade

Wednesday, August 11, 1971 · 3:45 PM–3:52 PM ET · Old Executive Office Building · 2 min

ParticipantsNixon, Richard M. (President); Shultz, George P.Conversation272-014 on Tape 272 (tape position 02:01:20–02:02:56)StartWednesday, August 11, 1971 at 3:45 PMEndWednesday, August 11, 1971 at 3:52 PMRecording deviceOld Executive Office BuildingSourceNixon Library record for 272-014 ↗

President Nixon met with George P. Shultz to coordinate upcoming meetings with staff members Raymond K. Price, Jr. and Peter G. Peterson regarding economic policy and scheduling. The President expressed frustration with ongoing administrative challenges and tasked Shultz with reviewing data related to Peterson's portfolio. Additionally, the discussion touched on the controversial application of national security powers concerning textile trade negotiations involving Peter M. Flanigan.

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I wondered if you could delay and charge 15 minutes so that I could get maybe you and Ray can come over and I want to just talk to the two of you a little bit about these things.
Yeah, maybe at 4.30 if you and Ray can come over first and then I'll see what I want to see.
I don't know if it's regular or not, but if you want to break something in, I need some time on that.
All right, I need to talk about Peterson.
It's 5.30.
What I think you ought to do is to get Kent planning and sort of go through the data.
Please go on.
Okay, well, tell Peter I want to, I'm just tired of this.
I don't know what to do.
There's a bunch of things to do.
Okay.
because I don't think it's that kind of money.
Metro wants to use this national security for ROVs and stuff like that.
The problem came with it, and Flannigan was strong in his hard line of fellowship.
He started down that trail, and it was handled, it was solved, and I suppose 5,000, 18,000 other problems.
So it was just a temptation to go on something.
We shall see.

On August 11, 1971, President Richard M. Nixon and George P. Shultz met in the President's office in the Old Executive Office Building at an unknown time between 3:45 pm and 3:52 pm. The Old Executive Office Building taping system captured this recording, which is known as Conversation 272-014 of the White House Tapes.

Conversation No. 272-014

       Richard Nixon Presidential Library and Museum, NARA Online Public Access Catalog Identifier: 597542

Date: August 11, 1971
Time: Unknown between 3:45 pm and 3:52 pm
Location: Executive Office Building

The President talked with George P. Shultz.

     President's schedule
           -Meeting with Shultz and Raymond K. Price, Jr.
           -Peter G. Peterson

     Peter M. Flanigan's schedule

     President's schedule
           -Shultz's forthcoming conversation with Peterson

     National security powers
          -Textiles
                -John N. Mitchell
                -Flanigan
  • 561-012 12:59 PM · 44 min — President Richard M. Nixon, Ronald L. Ziegler, Charles W. Colson, Manolo Sanchez, Stephen B. Bull, H. R. ("Bob") Haldeman, and Rose Mary Woods met in the Oval Office of the White House from 12:59 pm to 1:43 pm.
  • 272-010 1:43 PM · 2 sec — President Richard M. Nixon and Manolo Sanchez met in the President's office in the Old Executive Office Building at an unknown time between 1:43 pm and 2:54 pm.
  • 272-011 1:43 PM · 5 sec — President Richard M. Nixon and Manolo Sanchez met in the President's office in the Old Executive Office Building at an unknown time between 1:43 pm and 2:54 pm.
  • 272-012 2:54 PM · 39 sec — President Richard M. Nixon and Henry A. Kissinger met in the President's office in the Old Executive Office Building at 2:54 pm.
  • 272-013 3:12 PM · 33 min — President Richard M. Nixon, Henry A. Kissinger, Adm. Thomas H. Moorer, Gen. Robert W., Jr. Cushman, Jr., John N. Irwin, II, Maurice J. Williams, Joseph J. Sisco, and Armistead I. Selden, Jr. met in the President's office in the Old Executive Office Building from 3:12 pm to 3:45 pm.
  • 272-015 3:45 PM · 37 sec — President Richard M. Nixon and Manolo Sanchez met in the President's office in the Old Executive Office Building at an unknown time between 3:45 pm and 3:52 pm.
  • 272-016 3:52 PM · 47 min — President Richard M. Nixon, H. R. ("Bob") Haldeman, Raymond K. Price, Jr., and Stephen B. Bull met in the President's office in the Old Executive Office Building from 3:52 pm to 4:45 pm.
  • 272-017 4:45 PM · 1 hr 42 min — President Richard M. Nixon, George P. Shultz, White House operator, John T. Dunlop, Manolo Sanchez, and Henry A. Kissinger met in the President's office in the Old Executive Office Building from 4:45 pm to 6:31 pm.

Conversation 272-014, August 11, 1971. White House Tapes, Richard Nixon Presidential Library and Museum, National Archives. Audio and AI transcript via Easy Nixon, https://www.easynixon.org/tapes/272-014 (accessed October 23, 2026).