Conversation: 468-015
Prev:  468-014 Next: 468-016Start Date: 16-Mar-1971 2:23 PM
End Date: 16-Mar-1971 3:06 PM
Participants:
Nixon, Richard M. (President); Haldeman, H. R. ("Bob"); Butterfield, Alexander P.; Connally, John B.; [Unknown person(s)]; Recording Device: Oval Office
Full Tape Conversation Start Time: 03:20:21
Full Tape Conversation End Time: 04:03:03
NARA Description:
On March 16, 1971, President Richard M. Nixon, H. R. ("Bob") Haldeman, Alexander P. Butterfield, John B. Connally, and unknown person(s) met in the Oval Office of the White House at an unknown time between 2:23 pm and 3:06 pm. The Oval Office taping system captured this recording, which is known as Conversation 468-015 of the White House Tapes.
Nixon Library Finding Aid:
Conversation No. 468-15 Date: March 16, 1971 Time: Unknown between 2:23 pm and 3:06 pm Location: Oval Office The President met with H. R. (“Bob”) Haldeman President’s schedule -John B. Connally Daniel P. (“Pat”) Moynihan’s report -Accuracy -Businessmen -Peter M. Flanigan -Department of Justice [DOJ] antitrust actions -Response of businessmen -Business community -Administration policies -Need for White House response Alexander P. Butterfield entered at an unknown time after 2:23 pm President’s schedule -Connally 32 NIXON PRESIDENTIAL MATERIALS STAFF Tape Subject Log (rev. 9/08) Butterfield left at an unknown time before 2:25 pm Moynihan’s letter -Antitrust action report -Vice President Spiro T. Agnew -John N. Mitchell -Relations with Mitchell -Black Panthers Conv. No. 468-15 (cont.) -[Forename unknown] Epstein story in The New Yorker -Need for White House follow-up -Harvard colleagues -Response -Professors -Businessmen -Need for White House response -Public opinion -White House staff efforts The President left and Connally entered at 2:25 pm [Unintelligible] Haldeman left at 2:25 pm The President entered at an unknown time after 2:25 pm Whitney M. Young, Jr. funeral -Connally’s possible attendance -Cabinet attendees -Connally’s acquaintance with Young -President’s attendance -Purpose -Importance -Reverend Martin Luther King, Jr. -Blacks -Edward W. Brooke -Adam Clayton Powell, Jr. -President’s recollections Connally’s meeting with Arthur F. Burns 33 NIXON PRESIDENTIAL MATERIALS STAFF Tape Subject Log (rev. 9/08) Airlines -Connally’s meetings -American companies -British companies -Concern for Lockheed -Dan Hoffman’s role An unknown person entered at an unknown time after 2:25 pm Conv. No. 468-15 (cont.) Refreshment order The unknown person left at an unknown time before 2:57 pm Airlines -Connally’s forthcoming meetings -Eastern, Delta, Trans-World Airlines [TWA] -Lockheed, Rolls-Royce, General Electric [GE] -Possible effect -Order level -Lockheed’s financial position -Number of orders -Need for increases -Possible Congressional action -Connally’s meeting with Clark MacGregor, David Packard, Mitchell, and Peter G. Peterson -The President’s decision -Administration strategy -Employment -Supersonic Transport [SST] -Lockheed -Timing -Loan from Export-Import Bank -Packard’s work at Department of Defense -Internal Revenue Service refund -Timing -SST -SST action in Congress -Possible problem -Lockheed collapse -Charles H. Percy and William Proxmire 34 NIXON PRESIDENTIAL MATERIALS STAFF Tape Subject Log (rev. 9/08) Isolationism -President’s remarks in Cyrus L. (“Cy”) Sulzberger interview -Isolationists -Policies -President’s comments Foreign trade -Dumping Conv. No. 468-15 (cont.) -Treasury Department action -Connally’s position -Japan -Textiles -Connally’s conversation with Japanese businessmen -Canon calculator -Development -Ministry for International Trade and Industry [MITI] -Texas Instruments -MITI actions -Philosophy of international relations ****************************************************************************** BEGIN WITHDRAWN ITEM NO. 1 [National Security] [Duration: 32s ] JAPAN END WITHDRAWN ITEM NO. 1 ****************************************************************************** -Japan -President’s view -Connally’s negotiations Banks -A 1925 law on political contributions 35 NIXON PRESIDENTIAL MATERIALS STAFF Tape Subject Log (rev. 9/08) -A DOJ suit in Ohio -Frost National Bank of San Antonio loan -Preston Smith supporter -Banks’ actions -Loans -Report to DOJ -DOJ action -Connally’s discussion with Mitchell Conv. No. 468-15 (cont.) -Connally’s meeting with Will R. Wilson -Policy -Administration’s position -Connally’s view -President’s view -Past practices -An unknown Republican in Illinois -An unknown Democrat -Effect on politicians -William J. Casey confirmation -Labor unions -Borrowers -Mitchell -Connally’s instructions to Wilson Agnew -March 16, 1971 meeting with Connally -Tax matters -Research grants to universities -Possible polls Economy -Dow-Jones average -Industrial production -Dow-Jones average as an economic indicator -Business leaders -Connally’s comments on “Meet the Press” -Need for leadership -A man in Houston [name unintelligible] -Speech to business leaders -Loans -Money supply -Inflation -Increases in interest rates 36 NIXON PRESIDENTIAL MATERIALS STAFF Tape Subject Log (rev. 9/08) -Loans -Connally’s comments -Compared with labor people -Stock market -President’s statement -Connally’s former stocks -Texas Instruments -Halliburton Conv. No. 468-15 (cont.) -Tyler Corporation -Future Dow-Jones average -Connally’s view -General Motors, US Steel, Westinghouse, General Foods -Connally’s friends on Wall Street -Need for confidence -White House policies -President’s view -Business community -Business Council -Interest rates -Bankers -Possible statement by President or Connally -Reconstruction Finance Corporation -Franklin D. Roosevelt -Jesse H. Jones -Herbert C. Hoover Burns -Action -Support for Administration -Inflation -Interest rates -Social Security -Congress -Investment tax credit -A bill by Vance Hartke -William McChesney Martin -Possible meeting with President and Connally -Relations with Connally -Connally and Burns’ relations with Congress -Relations with business community -An unknown man -Relations with George P. Shultz and Paul W. McCracken 37 NIXON PRESIDENTIAL MATERIALS STAFF Tape Subject Log (rev. 9/08) -Possible action by President -Previous talk with Connally -Hartke’s bill -Burns’ position -Connally’s subsequent call to Shultz -Importance -Testimony in Congress -Testimony Conv. No. 468-15 (cont.) -Meetings with President -Quadriad -President’s position -Forthcoming meetings -Connally -President -Relations with Shultz, McCracken, and Connally -Possible meeting with Connally -Areas of jurisdiction -Federal Reserve Board -Wage and price policies -Fiscal policy -Budgetary input -Monetary and fiscal policy -Position on interest rates, Social Security -Testimony in Congress -Russell B. Long -Social Security -Revenue sharing -Forthcoming meeting with Connally -Interest rates -Monetary supply position -February figures -Forthcoming meetings -Connally -President -Actions -Public comments -Administration policies -Shultz and McCracken -Forthcoming meetings -Connally -President -Previous Quadriad meeting 38 NIXON PRESIDENTIAL MATERIALS STAFF Tape Subject Log (rev. 9/08) Butterfield entered at 2:57 pm President’s schedule -Cabinet meeting -Connally’s entrance Connally left at 2:57 pm Conv. No. 468-15 (cont.) -William P. Rogers -George W. Romney -Shultz (?) -Rogers The President and Butterfield left at an unknown time before 3:06 pm