Conversation 576-008

TapeTape 576StartMonday, September 20, 1971 at 9:52 AMEndMonday, September 20, 1971 at 11:27 AMTape start time04:08:00Tape end time05:41:39ParticipantsNixon, Richard M. (President);  Haldeman, H. R. ("Bob");  Bull, Stephen B.;  Connally, John B.;  Sanchez, Manolo;  White House operator;  Petty, John R.;  Banuelos, Romana A.;  Ziegler, Ronald L.Recording deviceOval Office

On September 20, 1971, President Richard M. Nixon, H. R. ("Bob") Haldeman, Stephen B. Bull, John B. Connally, Manolo Sanchez, White House operator, John R. Petty, Romana A. Banuelos, and Ronald L. Ziegler met in the Oval Office of the White House from 9:52 am to 11:27 am. The Oval Office taping system captured this recording, which is known as Conversation 576-008 of the White House Tapes.

Conversation No. 576-008

Date: September 20, 1971
Time: 9:52 am - 11:27 am
Location: Oval Office

The President met with H. R. (“Bob”) Haldeman.

     Schedule

     Vice Presidency
          -Spiro T. Agnew
                -Handling
                     -Staff
                           -John D. Ehrlichman
          -John B. Connally

                 -John N. Mitchell
                 -Bryce N. Harlow

     News stories
         -Attica prison riots
         -Connally's negotiations in Europe
               -Trade balance
         -Look magazine
               -Cover and excerpt
                     -Allan S. Drury's book [Courage and Hesitation]
         -The President's news conference
               -Magazine coverage
                     -US News and World Report

     Bowling photograph

Stephen B. Bull entered at an unknown time after 9:52 am.

     Connally

Bull left at an unknown time before 10:03 am.

     News stories
         -Bowling photograph
               -Effect of the President's bowling alley visit with champions
         -Phase II and economic focus
               -Press conference report

     Flies in Oval Office

     The President's schedule
          -Forthcoming meeting with White House Fellows
          -Fellows
                -Identity

     Connally

            -The President’s recent conversation
            -Press

Connally entered at 10:03 am.

     Oval Office
          -Flies
                -Open door

Haldeman left at 10:04 am.

Manolo Sanchez entered at an unknown time after 10:03 am

     Flyswatter

Sanchez left an unknown time before 11:27 am.

     Oval Office
          -Flies
                -Enclosed spaces
                     -Airplanes, offices, bedrooms

     Phase II
          -Cost of Living Council [COLC]
          -Projected October announcement
          -Handling
                -Possible press conference by the President
                -Possible press conference by Connally
          -Timing
          -Announcement
                -United States [US]-Soviet Union [USSR] summit
                     -Comparison with United States [US]-People's Republic of China [PRC]
                     summit
          -Announcement
                -Timing
                     -Deadline of weekly news magazines

                  -Wage and -Price Board
                  -Industries
                       -Guidelines
                       -Coordination with Herbert Stein, Paul W. McCracken, George P. Shultz
            -Follow-up
            -The President's trip to Alaska
                  -Time of return
            -Announcement
                  -Deadline

     International economy
           -Connally's trip abroad
                 -The President's appearance before the Detroit Economic Club
                 -Forthcoming paper
           -United States [US] stance vis-a-vis rest of the world
                 -Trade
                 -International Monetary Fund [IMF]
                 -Surcharge
           -Import surcharge
                 -Import restrictions by other nations
                       -Import restrictions by other nations
                             -Removal of capital controls
                       -Currency exchange
                             -France, Belgium
                             -Marketplace
                                   -Dollar
                                         -Japanese yen
                                         -German mark
                                         -British pound
                       -Controls
                       -European views
                             -Viewpoints of the United States [US]
                             -United States [US] response
                                   -Financial leaders
                                         -David Rockefeller
           -International Monetary Fund [IMF] meeting

                  -Soviet Union [USSR], People’s Republic of China [PRC]
                  -Monetary policy
                  -European allies trade
                       -Fidel Castro
                       -Soviet Union, Eastern European countries
                              -Romania, Czechoslovakia
                              -Amount
                                    -Compared to United States [US]
            -Structure of International Monetary Fund [IMF]
                  -Possible strategy
                       -Exchange rates
                              -Price of gold
                       -Import surcharges
                              -Duration
                              -Sharing of defense burden
                              -Linkage
                              -Two tier controls
                                    -Belgium, France
                       -United States [US] past action
                              -United States [US] rehabilitation of countries
                                    -Political and economic standpoints
                       -Structure of International Monetary Fund [IMF]
                              -Effects on United States [US]
                  -The President's attendance
                              -Number of nations and representatives attending
                                    -Reception
                              -The President's view
                  -Schedule
                  -Importance of the President's appearance
                       -Finance ministers
                       -Central bankers
                  -Meeting
                       -Those attending
                       -White House reception
                              -Arthur F. Burns
                                    -Central bankers

                            -Connally, Idanell (“Nellie”) Connally, Thelma C. (“Pat’) Nixon
                       -The President's role
                            -The President's schedule
                                  -Possibilities
                                        -The President's speech
                                        -Reception schedule
                                              -Haldeman
                                        -Paul A. Volcker, Peter G. Peterson, Shultz
            -Trade
                 -Domestic and international issues
                      -Surcharges
                             -Canada, Mexico
                                   -Quotas
                                         -General Agreement on Tariffs and Trade [GATT]
                             -Japan
                             -Germans
                             -Japan
                                   -Possible quotas
                                         -Automobiles
                                         -Textiles
                                         -Electronics
                             -Mexico, Canada
                 -Press initiative
            -European views
                 -United States [US] solutions to problems
                      -Handling of import surcharge
                             -Negotiation on gold price
                             -International Monetary Fund [IMF] view
                                   -Connally's statement
                                   -Political considerations
                             -Reasons for imposition of surcharge
                             -United States [US] balance of payments
                             -1964 imposition of surcharge by Great Britain
                             -Import and export taxes
                                   -Gold
                                   -The President's august 15 speech announcing wage and price

                                    action
                                          -Congress
                                    -Solution of issue
                                    -Speeches
            -International economic stability and world trade
                  -United States [US] action
                  -Protectionism
                  -Resources expended
                        -Economic
                        -Military
                  -Negotiations
                  -Burns
                        -Views
                        -United States [US] interests
                        -Karl Klasen, Oliver B. Wormser
                  -Organization for Economic Cooperation and Development [OECD]
                        -Balancing of payments problem
                              -Figure
            -Burns
                  -Rockefeller
                  -Possible meeting with the President
                        -The President's Detroit economic club appearance
                        -Current situation
                              -Brazil
                                    -Soviet Union [USSR]
                                    -People’s Republic of China [PRC]
                                    -Belgium
                                    -Holland
                                    -Switzerland
                  -Troika meeting
                        -Federal Reserve Board [FRB], Treasury Department
                        -Schedule
                              -National Security Council [NSC] meeting
            -Conversation with Connally
                  -State Department
                        -Nathaniel Samuels
            -Reception for International Monetary Fund [IMF]
                  -President’s remarks

                 -Size
                      -White House
                 -Finance Minister, bank governors
                      -Handling
                      -Speech
                      -Connally's role
                      -The President’s forthcoming trip to Detroit

     The President's schedule
          -International Monetary Fund [IMF] meeting
                -Phase II action
                -Decision-making
                      -October 1

     Robert S. McNamara
         -Term as World Bank President
                -Barry M. Goldwater’s views
                -The President’s view
                -Handling
                     -Connally's possible action
                     -Henry A. Kissinger
                     -Political opposition
                           -Pentagon Papers
                           -Kissinger
                           -Quid pro quo
                                 -Pakistan

     Armand Hammer
         -Support for the President
         -Offer of financial contribution
         -Hammer's father
         -Hammer's actions in the Soviet Union [USSR]
              -Wheat shipment into the Soviet Union [USSR]
              -Money for medical school
                     -Pharmaceutical business
                     -Wheat shipments

                       -Hospitals
                             -Soviet trade
                                  -Vladimir I. Lenin
                                  -1923-1925
                       -Investments
                             -Education
                 -Pencil manufacturing
                       -Germans
                 -Anastas Mikoyan, Lenin, Nikita S. Khrushchev
                 -Art collection
            -Los Angeles Music Center
            -Hammer Galleries

     The President’s schedule
          - International Monetary Fund [IMF] reception
                -Planning
                      -Haldeman
                      -Treasury Department
                           -John R. Petty

Connally talked with the White House operator at an unknown time between 10:03 am and 10:50
am.

[Conversation No. 576-008A]

[See Conversation No. 009-088]

[End of telephone conversation]

     Connally's appearance

Haldeman entered at 10:50 am.

     The Administration’s economic program
          -Critics

     President’s schedule
           -October 1971
                 -Florida
           -International Monetary Fund [IMF] program
                 -The President's speech
                 -Reception

Connally talked with the White House operator at an unknown time between 10:50 am and 11:23
am.

[Conversation No. 576-008B]

[See Conversation No. 009-089]

[End of telephone conversation]

     Schedule

Connally talked with Petty at an unknown time between 10:03 am and 11:23 am.

[Conversation No. 576-008C]

[See Conversation No. 009-090]

[End of telephone conversation]

     International Monetary Fund [IMF] reception
           -Location
                -Smithsonian Institution

The White House operator talked with Connally at an unknown time between 10:50 am and
11:23 am.

[Conversation No. 576-008D]

[See Conversation No. 009-091]

[End of telephone conversation]

     Schedule
          -International Monetary Fund [IMF] reception
                -The President's speech
                -Guests list
                -Itinerary

     The President's schedule
          -Petty
          -International Monetary Fund [IMF] reception
          -Burns
                -National Security Council [NSC] meeting
          -Quadriad meeting
          -Reception
                -The President's possible speech
          -Quadriad
                -Burns
                -Shultz
                -Peter M. Flanigan
          -The President's briefing of the press during trip to the West
                -Connally's schedule
                      -Appointments
                           -Japanese
                           -Anthony Barber
                      -Shultz

     Connally's schedule
         -Senate Finance Committee
                -Russell B. Long's views
                -Burns's role
         -J. William Fulbright's committee
                -Views of Congressmen and Senators
                     -Jacob K. Javits

            -Armand Hammer
                -Offer of financial contribution
                     -Haldeman
                     -Herbert W. Kalmbach
                     -Possible motivation
                            -State dinner
                            -Job for Sam Yorty
                            -Overseas problems

Bull entered at an unknown time after 10:50 am.

     The President's schedule
          -Romana Acosta Banuelos
               -Entrance
               -Press

Bull left at an unknown time before 11:08 am.

     Economy
         -Public opinion
              -Foreign aid reduction
              -Surcharge

Haldeman left and Romana Acosta Banuelos and Stephen B. Bull entered at 11:08 am.

     Introductions
           -Connally

     Romana's Mexican Food Products, Inc.
         -California
         -Mrs. Banuelos's roles
               -Chairman of bank board
                     -Pan American Bank National Bank of East Los Angeles

     Press picture

     Banuelos
         -Offices
         -Treasury Department building

     Mary T. Brooks
         -Director of the Mint
         -California
         -Marriage to C. Wayland Brooks
               -Death of C. Brooks
         -Involvement in Republican politics

     Banuelos's background

     Press
             -Photographs
                  -Arrangements

Bull left at an unknown time before 11:15 am.

     Banuelos's family
         -Daughter
                -Move to Washington
         -Sons

Ronald L. Ziegler entered at an unknown time after 11:08 am.

     Photograph
          -Arrangements

     Dollar bill
          -Banuelos’s signature
                 -Secret Service

Members of the press entered at 11:15 am.

     [Photographs]

            -[General conversation]

Members of the press left and Alexander Banuelos entered at 11:18 am.

     Pen
            -Community State Bank of Texas

     Banuelos's daughter

     [Photographs]

     Banuelos's children
         -Presidential gifts

     Banuelos
         -As Treasurer-designate of the United States [US]
              -Reasons for selection
                   -Qualifications
         -Background
              -Hispanic ethnicity
                   -California
                         -The President's experiences in Whittier, Yorba Linda
                   -Philip V. Sanchez
                         -Office of Economic Opportunity [OEO]

Connally, the Banuelos, Bull, et al. left at 11:23 am.

     Supreme Court appointment
          -Women's National Caucus
               -Use of phrase “best man”
               -Ziegler's talk with the Attorney General in response
               -Choices
               -Women as candidates
          -Previous statement about appointment of only people sitting on the bench
               -Carroll Kilpatrick's report
               -Criteria

                       -Legal philosophy
                             -Strict constructionism
                       -Qualifications
                 -Felix Frankfurter
                       -Professional background
                 -John M. Harlan
                       -Background as lawyer
                 -Outstanding lawyers from the Bar
            -Candidates
                 -Number
            -Possible questions for Ziegler about Harlan
                 -Resignation

     Other news
          -Banuelos

     Vietnam
          -Demonstrations
          -Period after November 15
                -The President's action

Ziegler left at 11:27 am.

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.

Well, I'll do it here throughout the day.
I think that only my hunch there is very good and not very good.
I don't think you ought to discuss it.
For example,
I wouldn't raise this to any staff people.
I wouldn't.
I don't want to.
And I say, John, you know, for a few reasons, and it's very important that I just do this on my own.
The reason is that if you ever raise it to staff, you have the embarrassment that most of them are going to be against it.
And they feel that their advice is being ignored.
Just let them think that I just popped off.
You know?
And that's the way I prefer to handle things.
Here's the thing they can have in mind.
discussion on this thing.
Yes, that's a totally different proposition.
And that I think that we ought to, in order to keep our running room, that I must, we had to raise it with him because we discussed the proposition with him.
And I think that we should have been able to say this at this point.
I'm sure he hasn't forgotten the conversation, where and so forth.
He hasn't forgotten.
I think this is the way to end, that we are not telling anybody, but the President is going to tell us so.
We want him to know about it, unless he has to.
We want to silence the animals or which we're talking about.
I mean, I do still want you to talk to your doctor.
But not on that horrible doctor you got.
The guy that you got.
What is the guy that you got?
The guy that you got.
The guy that you got.
The guy that you got.
The guy that you got.
Magazines are obsessed this week with that and all sorts of analysis and discussion.
Sunday papers were too.
You know, one of those things that you can all brood over for weeks and weeks and wear a pair of shoes.
And I would think that some of this comedy struck out in Europe kind of stuff, there's going to be an attempt to kind of, you know, nip the art in there, I think.
they're not going to be, there is.
On the basis that Europeans don't go for Texas-style bargaining, and Conte-style is to go for the far-out position and move back, take it, do it very strongly, and that works fine here.
They've come to be totally disunited.
He had succeeded in bringing them together against us.
That is 13 billion.
The trade balance thing was an outlandish proposal.
It's not done viciously.
It's done, because they're afraid to take him on probably, I think, but it's done.
They're starting to put the little backers of doubt in here.
The guy didn't really get done what he was supposed to get done.
I'll have to expect him to allow it.
The last issue of the book is going to have the cover is the Alan Dury book.
And the main feature piece in it is the excerpt from the Dury book.
And that makes some point.
At least we've got one of those.
That would get a lot of attention being the last issue.
Did any of the
in any of the magazines you've been covered for the news conference?
Yes.
I was curious as to...
They did.
As a device, that's what I mean.
They did.
U.S. News did, as they always do, you know, feature on the news conference, really, and cover the points that you've made.
The others played in the stories on specific areas, but they did a great deal of stuff.
They've all done the bowling pictures.
We've got that story.
Yeah, right.
Because, you know, it's right on all the general publications.
I'm sure it'll run big in both publications and stuff that reaches, that directly reaches the boulders.
And so, beneficial in another sense.
Boulders and all sorts of things.
Sanctuary, Sanctuary.
Sanctuary.
You know, you can go out and pretend, fake it by standing holding a bowling ball or something like that, but the picture everyone's used is the same one.
It's the delivery picture, you know, the ball's out of your hand and you're full, stressed out, or...
So I said, probably the analyst will say your form's bad and all that.
But that's good too.
But that's fine.
Oh, sure, sure.
And your toe was over the foul line, so they're making a fuss out of that.
But that adds interest to it.
But the fact that you rolled a strike, you couldn't have faked it.
I mean, except it had one and a half.
100 million chance or something.
You've got to be able to go reasonably well to just step up there and knock the band off.
So, you know, a lot of this is good news.
I ran all six papers.
I had to press in.
Press in for a while.
I had to press in for a while.
I had to press in for a while.
I had to press in for a while.
You find it all the way through to the Indian economy.
There's a major thing on phase two that focuses on the press conference.
In other words, it established its own news leads and it runs as the news leads rather than as the press conference report.
A lot of flies in here today.
Yeah.
This compound is too small.
Yeah, you don't have to, but I think it's a good idea.
Take as much time as, or a little time as you want.
You ought to be doing that.
I'm glad to have you here.
It's a good program.
There's now a couple of them in the White House and the rest are in the department for the secretary.
Crossword is going off.
No, nobody gets to see that.
No, I've got it on my side.
I don't think he'll be in person.
I don't think he'll realize about it.
I don't think he'll realize about it.
I don't think he'll realize about it.
I don't think he'll realize about it.
I don't think he'll realize about it.
I don't think he'll realize about it.
I don't think he'll realize about it.
I don't think he'll realize about it.
We've got a couple of muskets.
This is a musket.
You've got a musket.
Yes, sir.
Yes, sir.
Yes, sir.
Yes, sir.
Yes, sir.
Yes, sir.
Yes, sir.
Yes, sir.
But tell me, how's the...
After you've had a chance to pre-monitor, now where do we go from here?
Let me tell you what my plan is.
And this is just for you to know.
This is my design plan.
Scanning from across the location.
But we have set up so that
or given around the middle of October.
The purpose of that is to get a threshold.
The purpose of doing it before, and actually we don't want to wiggle afterwards with the pressures that go on.
And we have said that we want all the facts by the 30th of September.
Well, actually, we probably got all the facts we're going to get right now, but that at least indicates that that's what we're thinking about.
What I would like to do, John, is to shoot for a decision on it, so that we can announce it in general.
And here's the way I thought I would do it.
Uh, I think this is a very complicated situation as well, where I thought I would do an e-press conference.
I'm planning to do one for a while, where I'm going to do one for a while, and I'm going to do one for a while, and I'm going to do one for a while, and I'm going to do one for a while, and I'm going to do one for a while, and I'm going to do one for a while, and I'm going to do one for a while, and I'm going to do one for a while, and I'm going to do one for a while,
Secretary of the Treasury, who will have a press conference, and she will inscribe all questions regarding the case.
And then you go along, and she did for this last time, a 12-minute, or 12 days, live press conference, in which you go over all the details of the case, too.
Now, the purpose of that is, the way I had it, first, I think we're not going to have
by the 15th, and we've got another seven.
There's another reason to that, he says, it goes according to the plan, on the 12th, we're ready to announce a Soviet assignment the following week.
So, we don't want to, and once we announce it, we would like to have that, you know, tethered around, and it's going to be, basically it would have
a great, it competed with a lot of people with great interests.
Of course, that would be a hell of a big story.
I mean, to be sophisticated is really bigger than trying to start where I was new, but it's bigger than it involves the two power centers in the first place, the president and Moscow and all that crap.
So, there really isn't any other time we can do this than that.
The second thing is, listen to me, that I can go on that way and set the tone immediately in a very positive way
without answering any details so that we don't get it all screwed up in details.
We get one day's ride that way.
You go on the next day and get the details and all that sort of thing.
And then that way, that's practically eight.
Then we get the weekly news magazines and everything.
How does that sound?
That's not getting in line.
That's fine.
We'll go right to that on that.
And I'll just try to get, as I suggest,
That being said, we've decided that there will be a wage-price lawyer that will set these certain major industries that will set this and that.
There will be a guideline, there will not be a guideline, et cetera.
The Secretary of Trade tomorrow will answer all questions on this.
and questions and, uh, what the hell about there?
Are you the answer?
Are we the answer?
You see what I'm saying?
I've had a lot of questions.
You know, I've had a lot of questions.
I've had a lot of questions.
I've had a lot of questions.
I've had a lot of questions.
I've had a lot of questions.
I've had a lot of questions.
I've had a lot of questions.
I've had a lot of questions.
I've had a lot of questions.
I've had a lot of questions.
I've had a lot of questions.
I thought, that's our plan there.
So if you're, all the other people, if you're put by the, you know, the signs, the whole gang, you're working on that.
I'll be back from Alaska on the 27th, 28th.
So, sorry, the 28th, 29th, and 30th is when we all started off on page 12.
Fair enough.
Yesterday, moving forward through the day.
We, as a matter of fact, well, that's all right.
We just said, I mean, we read about the third one, yeah, the third one.
I'll just have to say to you about a patient for that.
For that, I mean, that's, I don't mean to down every line across.
No, I'm kidding.
I didn't mean to.
Let me say it.
When I said it, I mean, I don't think it's considered a three-day sentence.
I am holding tonight all three days, so I'm sure you're ready.
Perhaps it should be the 30th, because I think this should be a day's conference.
We'll be ready for the 30th.
Yes.
And then we have to take time for the post, and I'm going to leave for the second period.
We're going to wrap around.
That's the 30th of today, so we'll be ready.
Yes.
Now,
With regard to the, uh, the, uh, to the, uh, trip abroad, and, uh, what, uh, what line do you think we should take?
As I told you, I went to the Detroit Sky Club Thursday.
And, uh, why don't you give us a feeling as to how, uh, what, how we should posture ourselves in this one?
I'll have a talk with Fischer for you before then.
But basically, that's a suggestion for you.
But basically, I think you have to continue the possibilities you have, that you want to be outgoing, that the United States has a quarter of a century of effort and resources tied up in freeing of international trade, that obviously you want to try to continue this, that you think this is the best interest of the world,
that we not try to build protective barriers, and I don't even want to even describe that.
But at the same time, it had reached a point where it was intolerable, I guess is a good word, it was intolerable as far as we were concerned, from an economic and financial standpoint, because it would longer underwrite it.
And guaranteeing the function of the IMF, this had been structured.
But obviously we've been carrying too large a share of the burden, and we're going to have to make some changes with the kids.
The kids support a deficit of the magnitude that we've had, and we've been deteriorating over 20 years, and I just keep the same line.
I think at some point, and probably a third of the time, and I'm not sure it's a thing to do yet.
I'm a little uncertain as to where we're going, very frankly.
Because I'm just...
I'm still feeling my way.
When I feel something, it's certainly there.
I'll tell you, it's right in the U.S. That's right.
If I have any hesitation, I'll tell you.
I'm just not sure.
Now, I think that's what you ought to do.
Give it a third year.
Maybe the IMF next week.
It's just that to say.
I'll move in search of it.
I'll be prepared to move tomorrow.
And we'll do something.
will remove their import restrictions.
If they'll meet us that way, they'll take off all captain controls.
I'm prepared to take off captain controls in the United States.
I'm prepared to remove the surcharge.
If indeed the other principal destinations in the world would do the same, then I challenge you to do it.
And we'll let our currencies flow for a period of time or for such period of time as it takes to determine the rise of factors.
We don't want any of that.
We want equity.
We want practice.
But we're floating, but the others are floating, and they're controlled floating.
Indeed, France, Belgium will go away with their two-exchange rate system and float.
Let's float.
And let's see what the marketplace says.
Where the dollar ought to be versus the yen, and the dollar versus the mark, and the dollar versus the pound.
This is current control floating.
But they're controlling their float because they don't want the deficit to go up.
This puts you again on the offensive.
Puts you as an outgoing fellow who just wants to be fair, who wants equity.
You don't want these all in control.
It gives us a chance to remove these controls in our capital controls.
What is the situation on your end?
Well, we haven't said it to him.
I said, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no.
How do you keep the initiative and how we don't submit ourselves to all the criticism that inevitably comes?
Just as I've described it to you, that the State Department, the Treasurer, the former State, former Treasurer, the bankers, international and otherwise, and these foreign countries, this is a doctrine.
Now, I've said it to a person, and they haven't done it in six months.
I can't emphasize too strongly.
These people must not make us waver.
I know those bastards.
First of all, they're not our political friends.
Second, let's take David Rockefeller.
David Rockefeller is a nice softball.
But for Christ's sakes, when the hell is he interested up for something that is selfish for the United States?
When, you know?
I don't need it.
They kept raising it against the goddamn Chase.
The problem is we have a whole generation of people who have been in a position of power, and I mean literally a generation, more than a generation, 25 years, who have been sued in the very same doctrine.
This is the problem we have.
We're going to get along.
It's not going to bother me.
I just keep saying that you're going to be under pressure for what I'm trying to do.
Now, we've got another idea.
I have another idea.
I've got this.
Maybe it might well be that you will talk about something, hopefully not new, that you will maybe consider a new interest into the IMF.
Maybe it ought to be reached out to the disability.
Is there a new phase, a getaway, that you're talking about China and Russia coming into the IMF, or forming a non-conflict thing, a monetary policy?
After all, they aren't some kind of trade war.
The European countries
Last year, I say last year, maybe 59 figures.
While we were saying don't trade with Castro, don't trade with China, don't trade with Russia, and our total trade with the Eastern European countries, not China, but the Eastern European countries was about $250 million.
our allies, Western Europe, their trade with the Eastern European countries, including Russia, Romania, Czechoslovakia, was over $16 billion.
So, that they trade with them, at the time, we're saying, well, we're not going to trade.
We're not going to do this.
But they didn't do it.
So, it might be well that in Thursday, you know,
You might say, we're going to look at this whole thing.
Wouldn't we think it's just time to restructure?
Or to take a look at the structure of the IMF?
There are new forces emerging in the world that perhaps should be considered as partners, as trading partners.
If you want to go that far, you may not.
But the posture
Basically what you want to be in is that you have it foreclosed indoors.
That nothing is sacred to us in terms of this gold.
I don't think you ought to indicate that you want to change the price of gold because it's just, this just opens up a handle or a box.
And I just wouldn't do that.
But on the import search, I'll just say any number, a fraction here.
uh we have not seen uh our trading partners be careful they recognize we have a problem but they don't really realize how big it is frankly we haven't had time for them to convince themselves that we do need to have a problem with the conservable magazine that's part of the difficulty uh now what you want to say
I don't care what I do care.
I think they'll face it as long as we're in the shape we're in.
But that's the issue, and I know that.
Of course it's separate, but it's not for them.
Every time they come in here, they deal on everything, these people on the other side.
That's right.
They want to separate everything out, and it's our interest to reverse their interest.
That's right.
Nothing is not linked in this world.
That's right.
Oh, don't worry.
So that's all right.
You're right.
So I keep it in there.
And to try to give you as much freedom, as much gratitude.
In fact, we haven't yet done it.
We're not prepared for it to be where we want it to be.
I think I have two things about therapy.
I think air force control is very important as a matter of fact.
The Belgians have a two tier exchange rate.
So do the French.
And this is what they decided.
I want to be treated fairly.
We're not trying to make up for past generosities.
The past is past, and I think what we did in rehabilitating and restoring the rest of the world was not only a passionate thing to do, it was a sensible thing to do, from the economic standpoint and the political standpoint.
But what I am talking about is looking at the structure for the future.
And we want to ensure that whatever structure is ultimately adopted is going to be fair in the United States.
And it has to be, I think, in this
In this context, let me ask this.
Do you believe that I should come as I am at the end?
I think we can keep it open, but I'd rather think so.
It depends a lot on what you want to say.
I haven't got much to say, and you don't want to come?
No, if you don't have anything to say, you ought to come.
If we can develop.
We don't have anything to say.
How many are coming?
Probably 115 nations, roughly.
How many people?
How many records are there?
Probably 1,000.
We're given a reception where we anticipate to be 1,500.
Well, let me say that I don't want to say anything which might not be, which may be the case.
Then what I ought to do is to move to the reception.
Do you get the point?
That is, do something social for it.
I'm sure it's going to leave the same thing.
Unless I have something that seems to me that is quite new to say, rather than just what would be considered to be some generalities, I think it's better to leave that meeting than another one.
That's just my opinion.
I would disagree with that.
Be nice to them socially, but don't say it incessantly.
Or say something subsequently, but don't do it incessantly.
That's what I'm concerned with, Michael, with the role I would play.
I would not argue with that, but you mentioned it.
So I'm quite amazed that you're going to do your own thing.
Actually, the 27th meeting.
Yes, sir.
Well, I'll do a second.
I'm sorry.
I'll be back.
Thank you.
My God, there'll be a record for Chippsburg on the other day.
Yes, sir.
Well, that'd be better.
Let's just go to the other day.
To the weekend of the first...
The weekend, we better say it.
The weekend, we expect that to be said.
We're really talking about getting back here at about 4 a.m.
When we have the second, third, fourth, it's when we're really going to have to do the other thing.
You guys can talk on that a lot of time.
I hear you like that.
It's hard.
But I don't get it.
You can have two tiers of protection in there.
You can get the signs and tell you where you're on this and where you're on that.
You can keep working on that.
Let me explain it to you.
I don't want to put us in a stand-in there where in the middle of the night, that means we've got to get off the other side of the other thing.
But on the high of that attendance and the remaining charge, I just don't believe in going before such groups unless we've got something to say.
I've done the damn right.
I did this twice.
Each time it was a pain in the neck.
And I mark my belief with the experts.
I do think that you ought to put it in an appearance because these will be the finance ministers and the central bankers from all of the nations of the world, really.
Yeah.
And, uh, but either the speed or the uncertainty that the reception will be.
No, no, I agree with you.
As a matter of fact, I would say that the reception, what we would do, I would give it to both.
I mean, just to give it to the White House, we would schedule something.
We would share the, in my view, frankly, I think that may be a better thing.
Because I don't think, my hunch now is that we may not be ready for me to say something then.
I don't think we ought to try.
to hurry up what we say to the eye of man.
In other words, I can't believe, because we have a speech to make, to have to hurry up and say, no, I apologize.
So my explanation would be to do the reception.
How would that strike you?
I would just give reception to my office and have the whole damn bunch in there.
What do you understand?
You, as a matter of fact, what we've been doing, I think, we haven't received, I mean, you...
We have Arthur, I guess, would be in this case.
Central Anchorage, I don't know.
Yes, I'm not sure that they would, they're not, they don't have the same rank.
No, this is our, I guess you would, you would know him, that he would just proceed and have a band and all that jazz and take rank.
What the hell, it's not the nice thing to do with us, rather than trying to get a speech.
And that leaves more running room.
The moment I get out there, well, we can play it right here.
I'll get a date over to you depending on what your schedule is.
We're scheduled to give that reception.
I'll have all of them covered.
All of them, I'll get that.
I've got to talk to Paul and I've got to talk to Pete and to George.
and kick this thing around all this week.
And the only thing I want to see you do is maintain the initiative.
And not get in corners, which is really where you're going to be domestically, and not internationally, and we can do both.
First, I'm not, if they don't like the surcharge, it's still another idea that we're working on.
We may live the surcharge with respect to Canada and Mexico.
We can do it selectively by countries or we can do it by products.
We can live the surcharge in both quarters now.
The debt, clearly, permitted him both waters, and he didn't want to do it.
He was into this.
It's a general thing.
But it may be that we have trouble.
We can talk.
I don't know.
we've got any restrictions, let us know up there.
We'll take them all.
We'll take them all.
The Japanese are going to see the Japanese Saturday morning, and I'm going to see them.
They're willing to deal bilaterally.
The Germans are willing to deal bilaterally with us.
Well, we may selectively take the surcharge off, or if we don't really take the surcharge off altogether, we may put quotas.
I recommend that you put quotas on Japanese automobiles, Japanese taxis, Japanese...
No, they can't.
It's a ladder.
Please, anything else?
It may freeze you.
In Mexico and Canada, there are two things.
We can do it selectively.
You've got a whole hand to play.
All I'm saying is that I'm not sure in my own mind how you would recommend that you play your hand.
If we can develop some ideas, if what happens in the press the next 10 days is the thing develops where we think you need another shot to get on the initiative, and yet maintain this outgoing attitude without giving it anything,
Maybe, maybe.
Yeah, yeah.
Also, maybe it would cover some of the Thursday night.
Sure.
Maybe that's before they come in.
They will, they're on our statement in policy.
Sure.
But it's going to be, we went through, we went through a hell of a drubbing.
They all came and they all had the same story.
And basically what they want us to do, they want the United States to lift the imports they're charged
and agreed to change the price of gold.
And they said that the United States has to make a contribution.
The United States is asking their trading partners around the world, and very unfairly in the position of Surge Art, that we're asking them to make up in effect for our mistakes, and that the United States has to make a contribution toward the settlement of this problem.
It has to.
And I responded finally on the last afternoon
uh the first day i was one of the first speakers and i just played pretty well laid out the problem was very uh i thought very gracious quiet well then he's coming one after another because they're all saying the same song they're all saying it for their whole consumption and they kept saying it you got to do this you have to do this orchestrated it was just repetitious
And frankly, I was careful that it was merely a repetition.
And then hearing each other say it, when anything was predicted in the light of fascist dreams, that they had us on the run.
That they didn't have to do anything.
They could just sit there.
They made it clear to us that we had to move.
And until we did, they wouldn't have been through the energy.
So I finally said to them, it's coming.
We're going to do it.
The Third Guard had not been there.
What a mess of political reasons that the Third Guard was imposed.
for reasons of improving our balance of payments that I found it passion strange that those who were severely criticized and that picked it forward when we were speaking were those who had the most experience with it by having imposed themselves in the past.
And this was great preference in what the race had.
And they had posted in 1964, they had an import surcharge of 18 months, and it was like such a damn thing.
And I said, there's no time for any of the suggestions that I heard, any of them here, suggest that the border taxes, the import taxes, or the export rebates that are prevalent in the nations around the world, that they need to move.
I said, it's all the right people of the United States.
And I said, I'm
with respect to gold and acquisition.
Well, that's very clear.
I can only repeat what the President said on August the 15th in his address at the onset of the Congress.
I'm not authorized.
But to go beyond that point, I said we want to try to work this out.
But I frankly have gathered from the various speeches that have been made here that the solution to this problem is a problem for the United States.
and for the United States to unilateral.
One, to remove the surcharge, and two, to change the price of bills.
And I said to the gentleman, if it needed to be a matter of unilateral action for the United States, the United States has already acted.
And we're quite happy with where we are.
I said, now, I said, if we want to proceed further, I said, I don't want to.
I said, you asked the United States to make a contribution, make a contribution.
I said, this phrase has been recurring in every speech that's been made.
I said, may I very humbly say that without these monies that I gave over the past quarter of a century, we have indeed made a contribution.
But I said, I don't want to be serious about it.
in currying around or to revive the ingratitude that you might have had.
I won't dwell on what contributions we have made over the past quarter of a century, but suffice it to say that at least as far as we're concerned, we think indeed we have attributed to international economic stability and to the furtherance of world trade with fewer and fewer restrictions.
And I said, now for us to be prepared, for you to attend and put the United States in a position of being a protectionist, I assure you that you do great justice to the United States.
That what we are saying to you is, and we say it with all awareness and all sincerity, what you're capable of, is that the system that is pervading, that has resulted in our contributing,
hundreds and hundreds of millions of dollars, billions of dollars, the President remarks 150 billion dollars is probably the correct thing.
Economic, military, that's correct.
Economic, military, resources, and manpower over this period of time, far over and out of control.
And I said frankly, we're asking no more than we get.
We're asking for your help, for your understanding.
for your cooperation to solve a very difficult problem.
But I think if indeed we come to these conferences and we have no further reference and guesses other than we tell the United States what it has to do, then I think we've got a long period of negotiations ahead of us.
That's about it.
It was God that affirmed what it means.
It was sarcastic at times.
And I did it deliberately.
I did it deliberately because they need to be stopped.
They don't think we're going to do this.
They don't think we'll stand.
We're frank.
And this is one of the real problems.
You said at the conclusion that Arthur had some second thoughts.
Yes, Arthur.
Matter of fact, just before I spoke the last time,
Uncle turned to me and he said, I'm, he said, you know, this is a, he said, I thought we could expect better from these people.
But he said, it's becoming increasingly clear to me that we're just gonna have to do what we think is in our own best interest.
And he was irritated about what he heard.
And he has been, he's been frankly under the, a little bit under the delusion that because he knew Klassen and McCulloch,
I've learned there, said this and that to him, you know, these central bankers, that this was going to, that this was going to form our business.
He's impressed by that.
Oh, he's impressed.
They might lose ego, too.
Oh, you bet they are.
But, anyway, we have to, I think things are going to change.
We've accomplished not a hell of a lot, except, hopefully, we convinced them we mean business, and that's all we can do at that meeting.
Now, we are trying to get it.
for the OECD and these other institutions to do some figuring so that they can satisfy themselves with the magnitude of the problem.
We talked about this 13-bedded swing.
That's not far enough.
The OECD already admits it's got to be 10-bedded.
So...
We're not out of the ballpark.
We're not overstating the case at all.
Oh, well, they'll just crap about overstating the case.
What the hell are they talking about?
You mean the $13 million?
It's a number that you can justify.
You've got to...
Well, that's what they expect to continue.
But now, coming back, our job is to keep it.
Can I repeat him somewhat?
Point it in the right direction for these next few days.
The next point is, well,
Yes, sir.
I don't want to get him running out and say, talking to David Rockefeller and the rest, and then start his game like he did on the economic side, trying to, you know, say, well, the United States has changed policies.
We've got to keep Arthur in line.
That's the point.
I don't know.
What about that?
I think the best way to do it is you could possibly get him over here and report to him.
Do it now.
Do it here.
Do it with somebody here.
But let him report to you immediately, Mr. Starr.
Without you, I couldn't do it.
Well, what should I say?
Why don't you say, I'm with John T. Wilkinson.
Give me his... What should I tell him?
What line?
Just what you told him before.
You say we still aren't... You say I hope that this meeting convinced you that these people are going to be totally and utterly selfish.
all we want is to not be just as careful with him, not be as careful with him as you are with the Detroit Economic Club.
And I said, we've got some problems in the long run that we may be worrying more about Brazil and Russia and China than we are Belgium and Holland and Switzerland.
You know, I just say, I don't know where we want to go.
I don't know if any of you folks would advise me, but I want to keep these options open.
Because we've got a lot of local announcements against the people.
You said a couple of us before.
But try to get in before he gets back.
Talk to the people.
Try to get him to tell you, basically, here's the...
his feeling about the meeting, because his feeling was a good one.
He just thought we were, they were trying to isolate us, trying to push us in the corner, and I hope he'll tell you that.
But, or I could be here, but I think, but you would think so, I'll just get along.
Yeah.
And you think that's best?
I'll do it either way.
Yeah, I think what it is, and just say it, what you said before, as we come over, I'm tired of it.
That's right.
See, I don't want to invite him to the Troika meeting.
He feels very jealously that this is a matter for these monetary matters that really go for the Fed and the Treasury.
And so at Troika, we have a Troika meeting today.
I can invite him there and he can make these statements, but he might not do it because he feels like this is not the place to do it.
Whereas at any time between 12 and 2.30,
You have it here while we're in this truck.
We meet at 12 and we have lunch at 1, so we can tie it up until 2.30 or 3 o'clock, just until we're ready to come over here for the NSC.
But it's not that important.
But I'd like him, I bet him, I bet him, and also the purpose is to get him to keep himself up with you.
I'd say, look, we've got to move together here, we've got to clean the stage and so forth, and get him to play along with it.
Well, we had to, I talked to him, he sat right next to me, we had to, and his people were in the meeting, we had to stay in the park when we took it, and that's in the woods.
So the state was there.
I conferred with them, talked to them, and I think we had a good crowd.
We were all talking the same line.
Arthur had no problems going over as far as I know.
I didn't talk to him, but we were all tired when we talked to him from the back.
But I don't think we had any problems.
But he said, I mean, in terms of your thinking here, I agree with you.
I have that.
I am inclined to think, John, that the better procedure in the IMF, being as complicated as it is, and because I don't believe we ought to rush our position that fast, is that isolation, in general, is going to be
We've got a thousand more to the reception, Jesus Christ.
We would have to buy them all over again for the White House.
Probably not.
Well, you know, we wouldn't have to buy it all up.
We can live in a White House reception.
It should not be larger than 500 to be deemed indecent.
It's a little bit too cluttered up.
Well, let's just get this under eye.
Of course, you can get away with buying the finance minister and the...
And the governor came home, so he talked about 200 weeks.
It's sometimes better to compliment a few at a time than to do many without doing them well.
And I think the reception for them is more what we ought to strive for.
And not to go seeking them, not to go seeking them.
You should be the wheel of that, and you should be the, you know, you're going to be the man.
I think we just let that out there at the very end.
And that keeps me in reserve, too, on the issue.
That's my cue.
I will, however, be taking anyone who wants to do any trouble.
Sorry, we're trying to get the analysis.
Yeah.
Yeah.
That says you can count out the end of the party tomorrow.
Tomorrow night.
I've got to meet a date.
I have a very close look.
I don't need a date for tomorrow night.
Oh, 7 o'clock.
Before I'll start setting up.
Because, you know, I do a little work tomorrow night.
Or Wednesday night.
I could work every two hours.
Now, in terms of schedule, too, see, I am happy as the 28th.
I'm 30th.
Let us not plan.
I mean, you cracked the whip over the people working on Phase 2.
But let us plan.
We will try to make that decision.
We'll try to get into that.
I think we better plan if we can.
If we can.
which is what we originally invested in, of October 1st.
See, that's October 1st on a Friday.
So that's probably exactly what I'm working on.
Because that doesn't really think that's more involved.
You'll be through with IMF then, right?
Yes.
And your other thing, and we can all put our minds to that.
And...
It's locked up and out of the way.
That'll give us, if we do that, that'll give us three, four days to prepare for the 7th, the 8th, and then we'll go on and on and on.
And we'll try to keep it going from 1st to 2nd.
Two other things I want to mention.
If I may, one of them in connection with this, I do not know what is happening with regard to Bob McNamara.
what he won't have done probably.
We ought to do something on it.
He's got 80 months to run on his term, but the stories are beginning to develop that we're imposing.
Let me re-electionize.
My main concern there is not to raise the issue in a way that people that are
as far as I'm concerned, I think he should stay in the job.
That's my view.
Now, what I'd like for you to do is to handle the low profile.
If you could handle the low profile, that's .
Just indicate, here's what I do, I just indicate that we, let me ask you, how can we be for it without having it, without throwing it on the faces of people who want to make an issue out of it?
That's not fine.
I think that either Henry or me, it says in the vision.
I don't want this thing to go as far as I said to you before, that you don't get credit for it when you say it.
That's nice for you to talk to him about.
You know what you talk to him about.
You say to him, you talk to him about it.
I made the decision.
But I do feel that if she well had a chance, I'd be quite blunt with her.
You could say, now look here, there are some, the person who has problems, some of his own party are very much against you.
And he knows this.
There are also some, because of the left-wingers that are investing on the Pentagon paper business, you know what I mean, right?
I said, we feel that therefore the thing to do, you just should have the assurance that you've got it.
And cool everybody that's trying to put us on the spot that you're going to have our support.
Why don't you just throw it in that arm?
That's fine.
Just play the game.
I don't want that in my arm.
Tell me if you want me to change if I was to do anything.
It would be hard.
We'd have to go to work.
I mean, we've really got to go to work, and I don't think it's worth it.
I don't think so.
He's got a good job.
He's smart.
He'll play our game, too, particularly if you say he knows we've supported him best.
So would you just have him on your own arm?
The other thing, I would not frankly ever have told him about it.
I would just tell Henry, but tell him to keep his mouth shut around him.
But you, you're the one that you deal with back there.
That's the point.
You have him owe you something.
Because you're the one that you're going to have to go to him sometime and say, well, up here, we want you to take action.
And therefore, that's how you do the job.
The other thing, particularly,
Some good news, I had dinner with Armand Hammer.
He told me that he wanted to support you very strong and what you've been doing and thought that for the first time this country was really taking the position it ought to take to deal with these other nations.
He wanted to tell me he wanted to give you $100,000 for your campaign.
to find a way to pick it up, I guess.
We have it.
I didn't want to get into details.
I just told him he'd be very grateful.
So we can get off.
Yes, sir.
Move it.
Well, he's one of the new and the old.
He's had some incredible stories.
His father was a doctor.
And very, very quickly, he went over to Russia right after World War I.
And Courtney and he arranged for the first ship of the Queen into Russia.
He bought, he made some money running his father's pharmaceutical business while he was in medical school.
And made a lot of money.
And he bought a whole hospital.
He graduated from medical school.
Kent's Pharmaceuticals took him to Russia soon enough.
He'd tell them to wait for the revolution.
Well, they didn't need a hospital.
They needed food.
So he arranged for a shipload of wheat for two years, 1923 to 1925.
And Lenin was very grateful to him.
He sent for him.
He knew Lenin personally.
And sent for him and said, you handle all our trading.
Well, it won for two years, 1943 to 1925.
He personally had shared the trade with the King of Russia.
And he came over here in South Virginia to forward the ship, tracked everything in the world over there.
And he got cut on everything that came into Russia from any source.
For two years, the Russians finally said, well, we just need to do this.
We've got to stop this.
We can't just let you control all the trade into Russia.
So, uh, he, uh, they said, you can have any concession you want.
I said, well, he said, I want a training concession.
And I want a concession to build, to, uh, to build, make lead pencils.
Look, and, uh, I said, why the hell did you do that?
He said, well, they just announced our new program to educate their people.
I said, they didn't have a pencil.
They didn't have a making pencil in Russia.
And he said, so they gave me, glad they gave me the discussion.
He said, I went to Germany.
He said, they had a little plant over there, but they couldn't make money.
He said, I went to Germany.
And he said, I attached all those germs out of Germany and brought them into Russia.
And we set up a lead pencil factory.
And he said, I was in that factory for five years.
And he said, it's like a license to speak.
And he said, I was getting so many rules.
But they couldn't convert it into any other form of change.
So he said, I then took out my brother and we started by painting some objects of art.
And he said, we'd have some.
He said, I'd move down to another one, let me take out all that money, because I couldn't convert it into a part of the country.
I didn't make so much money in the pencil factory.
And so roughly in 1930, he manufactured it in Perth.
Every pencil in Russia had made the profits off of it.
So for nine years, from about 1921 to 1930, he was in Russia, speaks Russian blood, writes blood, and knows Mikoyan, you know, Mikoyan's very young book, which comes up in the rhymes from him, when he was in Leningrad, in Khrushchev, very, very well.
And of course, he's kind of a hero because of
Because he knew that Dell was going to leave.
He knew that.
That's the story.
That's the fact of the matter.
That's right.
I knew that he was a great artist.
Well, that's where he got his heart.
He gave me a number of spots for the Los Angeles Music Center.
This was the time that he was very close to the Hammer Gallery.
I see.
See, this is what he got into.
In fact, he knows that issue.
So he's an incredible little fellow.
But anyway, he's
Who knows about the schedule that I have in your office?
John Petty, he is the treasurer for me, please.
Well, I see a little bush today.
No, I feel, I feel very, you know, I feel very well.
Let me tell you this, though.
The, uh, the, uh, the, the, the whole thing, John, the whole thing, John, the whole thing, John, right, we, we had to do the right thing, and the fact that some of these little bastards signed away, I mean, only in the case, you know, that they're, uh, that we drew them on, John,
Oh, we did.
No question about it.
You've got the world just going around here.
You don't have to keep it that way until we get everything we want.
We have to keep up.
We have to keep up.
First and second, I have to keep up.
Because we're going to go.
We've got to keep up.
I have to keep up to the program's company.
Now the other thing is, we ought to have... You want to set anything up?
Well, yes, I think you can take it.
You can set it up and do a... Well, you can do a speech or a reception.
I'm inclined to think that it's much better to do a reception because I don't want to take a position and throw it on a speech.
Now look, he's just trying to get his office
Bernie's not there.
Bernie's not there.
He'll go.
He can find out.
He can set the reception for Dan here any night.
What night are they going to be here?
Well, that's something else I'm going to find out.
I'm going to find out.
I'd like to say on the same night that we, we've already set the reception.
Yeah.
Well, I can, let me just get my own.
Get your own.
Now one thing, one other thing I want to bring up, you go all the way to the States,
John, John, John, I'm here with the president.
We're trying to get these dates.
You don't have to encounter with me.
You're not in the office, are you?
Oh, you are?
Okay.
What night is Frederick planning on having his reception?
Wednesday, what?
Wednesday, September 29th.
Okay.
Yeah, okay.
What other events are taking place?
Assume the moment the President might want to have a little session, and it's the plant and treasury, but assume he won't have some other night.
What night would be the best?
What other official functions are there in the nursing home?
When did it come down?
Oh, there it was.
Yeah, okay.
Every other night that once you find a singular.
And it functions.
Okay.
Wow.
Okay.
Now, what's the least number?
Two counts this time.
Obviously, the following numbers are the financial numbers here.
You do have a central bank government.
Right.
How many of them will be here?
They'll all be here, 120 of them.
120 finance ministers and their wives and 120 central bank governors and their wives.
That's all right.
Yeah, because I...
Okay.
Okay.
Fair enough.
On the 29th, the Central Bank of Michigan, most of it, part of it, I mean, it's the 29th, it's in the State Hall.
We'll invite about 2,200 people.
We'll not have that many dead people.
Yeah.
Yeah.
No, that's all right.
Forget it.
Thank you.
Thank you.
So you can hold it to the central bank governors and the finance ministers and their wives.
And you've got fewer than 500 people.
Because if you do, because there'll be some who won't bring their wives and some who won't do it at all.
All right.
That's it.
I wish it would be the best, because that's not what the United States has.
If it works, that's fine for us.
And what they do every other time, we should be giving respect.
You know, they just all over the house.
So if that isn't, let's just get that.
Let's go on that speech.
I want to get a speech at the end of that.
And you gotta get it just so it can get going on the other end.
What do you want it to be, five to seven or seven?
Six to eight?
Well, whatever the time fits there, sir.
Sure, thank you for that.
Yeah, I would have it for an hour.
I don't think you even have two hours.
But you just invite them to fix time, and then you have to drive it through, and that's the end.
Yeah, five to nine, six o'clock, six o'clock, and then they finish.
Gun pitch.
In the weekend, you want to set anything up on that or just keep it?
Just hold it, because we have to hold it in case we have any decisions we haven't considered at that time.
With regard to .
He can't do that, but he has a lunch.
That's fine.
And set him up after the anesthesia.
He was called at 5 o'clock.
He had the lunch and answered your call as well.
David, do you want to?
No.
David, will you?
No.
No, I'll just say no.
Okay.
Mayor Clark will be meeting us today on this whole matter as a suggestion.
I'm sure we'll cover that suggestion.
We'll probably cover it on Sunday, shouldn't we?
Mm-hmm.
Do you get into whether you want to inquire yet, I'm afraid?
No, we haven't gotten into that.
I haven't.
Good.
i don't i don't think the people will have to give you the time to do it with dr burns today but i certainly don't think you need one particularly if you're going to have a reception center speech if you're going to have a speech then we do need to have a meeting probably prior to friday uh but if you've made that decision the only thing i'd like to do is um
just to get us a position for Thursday night, which is not a speech, but it would be a statement of trust.
What can you ask for?
And we might want to, but I'm not sure the fire guy is going to contribute a whole lot tonight.
We can have you a talking paper, and you can sit down and tune everything, and we can sit down, and I'll just check around.
Because, look, the fire guy, I mean, you just really can't decide that, John.
No, I'm just going to give you your thoughts on it, and I'll ask whoever I want to talk to tonight.
And the, but I, I think you're meeting there at the front of the meeting.
I'll, then I'll come in, then I'll come in, the chairman, and you, and Pete, and...
Yes, sir.
Yes, sir.
But now, then I'll write it if you want.
But let's just leave it that way.
Let's not have a meeting for a second half.
We're not going to get this any better.
It's better if all of us keep that.
One other thing I want to bring up.
I've been asked to be out.
You're going to brief the press in Washington State on Saturday.
Right.
Yeah.
And some of your staff have been
really urging me to be there.
I could do it.
If I hung up, I'd have to cancel some appointments with the... No, no, I'm not urging that.
I, uh, with all that we've got at the plate in terms of the preparation for the IMF, preparation for Phase 2, the town of O'Reilly.
So, yes, I don't mind doing it, except it just takes a lot of time, and I've got to cancel an appointment with the Japanese, and I'm with Tony Barber, the chancellor of the Exchequer on that day, which I... No, that's not the right thing.
Just get the...
Let that go.
I think you can throw that.
I don't know who the hell you can put in there.
I don't know who they have.
No, don't do it.
Whenever you have any of those genres, they come up, you phrase them directly with Bob.
Because the main thing is that both of you, you've got to conserve our time with the big plays.
We'll only do new crap when we think it's necessary.
Now that's an important meeting.
Somebody else says, come on, Paul, I'm glad to see you.
That's five hours, five hours back each, and that's two days.
It's two days.
Now, where the hell am I going to the meeting?
And I don't think that he ought to bother with the meeting that far away if you're here, and he needs to be there when I'm going to be there anyway.
So one of the things I think we probably ought to do, the financial committee wants me to appear.
I don't think we ought to ask Russell Long,
for a chance, and just one reason, I don't take it up with you that he will serve for Burns and see if he'll stand up.
I'd like Burns and him to go up and
and unofficially, off the record, brief the finance committee, just to get them on our side, because they're already on our side, and just keep this much support.
I'd like to have the full rights committee off the record for lunch.
On this meeting, another great advantage of it is that you can get even full rights committees, isolation is now in place, and basically, John,
except for, as I told you, Javits or something like that.
Most of these congressmen and senators politically know that there aren't any votes in Holland.
Now, by God, they've got to play it that way.
I think it's very important.
In other words, let's say the committee people say, now, we're fighting hard.
We're not going to give in.
And they're going to jump up and down and say, hooray, hooray.
But to do that, rather than to let others get to them, they read, well, some jackass article.
That's what I have to do.
It's a great idea.
Exactly what I like.
Can I deal with Bob on this other thing?
Because I figure out ways to... Oh, yes.
Give it to them.
It's a matter for...
Isn't that for combat?
Yeah.
But what's the price this time of day, sir?
No price.
No price.
Well, was there a price before?
Oh.
Is there?
Oh, yeah.
Well, I'm sure it may just be, well, maybe he sees the dictator or something.
You know what?
Maybe he sees us as a way to fall.
We might just stay there.
But he is insatiable in his ego.
Well, I don't mind having to stay there.
And also, maybe send you already for Secretary of Defense or Secretary of the Treasury or something at all.
Well, you know, you don't worry about it.
Don't tell them.
Oh, right.
He didn't ask him for any questions.
That's right, but the point is, it significantly came with the talk to John about it.
It means that he must be thinking of something.
Oh, that's right.
Follow up on the basis of his conversation, see?
Yeah, let me talk to him again.
Okay.
No, I won't do it.
I won't study it.
I won't do it.
Absolutely.
Take it first, here.
We'll get it.
Well, he's hot.
I have a big deletion.
Where the hell is it supposed to be?
Just stay here.
Well, that's not the intriguing picture, sir, is it?
Yes, sir.
All right, they put it out, so I'm saying you should ask for it.
I'm just saying.
All right, I'm just wondering.
All right, good.
Yeah, all right, fine.
All right, so they might need to press photographs right at the beginning.
Well, I'll decide on the radio.
All right, sir.
So is that matter first?
Yes, sir.
All right.
You ask the folks, producing foreign aid and having a search army.
Well, this is a great day for the country, and we hope for you.
It's a great day for me, sir.
Thank you very much, sir.
I mean, it's such a great day.
You know, I was interested in all the food products.
I'm sure I've had, you know, beef, or cattle, or turkey, right?
Is that right?
That's right.
You know, she has a, she's a, and this is a food product, and she's also a chairman of the board of the bank, up there, back there in the back.
Now you're a silent woman.
We're going to get a press picture in a moment, but...
the, uh, what is the situation as to how this all works, uh, uh, the, uh, what is, uh, what do you think dealing with, uh,
Most of the time, go to work.
And get paid.
And have a job.
You've got to take the law, sir.
You've got to start working for less money.
When I'm in your office, it's in your interest.
Yes, sir.
It's in your interest.
Mary Brooks is the director of the men.
She's a great person.
And you'll enjoy sitting in the staff meetings, because the secretary is, as the treasurer, every minute of the staff meetings, her friend and wife.
And Mary, you'll enjoy her.
She's smart.
She's aggressive.
She's real, that'll tell you.
She's an eye-opener.
She was married to Senator Brooks, Senator...
She was his second wife.
And after he died, she became very active in Republican politics.
Here she is.
She was a very prominent person.
She was the wife of the first president.
And a very particular person.
Very aggressive.
Yeah, real aggressive.
So we expect you to be part of our team over there in the city.
Oh, yeah.
I can do the job.
I can do the job.
You know, it's in California.
I've heard you live there.
You live there.
Delta City.
Oh, yes, I know.
Do you live in Western?
Not near Delta City School, but in the Los Gatos area.
Right in the central part of the city, and not in Kansas.
Right.
I know.
That's right.
I know where it is.
Yeah, yeah.
Well, this is a little different, but you get a chance to have fun.
You get a chance to go to California a lot.
You know, one of the things is you find that the verse is what will hold us in position of actually entering back to Carolina.
comes after you've got a president from California and a secretary from Texas because those are our two biggest things, right?
We have two-thirds, I think, of all the Western Americans in those two states.
It's one of the great traditions, so we work around that.
Well, what happened?
You did a good job.
Now we've got these press people.
I think you quit.
I'm sorry.
Now, how do you get up on this, uh, press button?
Well, they want to see it over there, or... Well, we're not spurring them.
No, that was the same direction.
Oh.
You don't get, you don't get a five over there, you get a five.
Well, I think he'll stand.
All right, take a look.
I think he'll stand.
You didn't go down standing there, did you?
No, I didn't.
I'll say this.
No, I didn't.
We just sat down there with Ethan.
That's what he said.
All right, let's go over here.
Fireplace in the background.
That's what you need to do that.
That's what you need to do that.
That's what you need to do that.
That's what you need to do that.
That's what you need to do that.
That's what you need to do that.
That's what you need to do that.
That's what you need to do that.
How old is she?
All of us.
Well, that's a hard year, but she'll never regret it.
She will, she will for the first six months, and then after that, she'll, uh, take a lot of subsequent experience, and she'll reach out.
Hard for the kids to move, but, you know, she'll have a great time.
That's right.
She'll see all the things that are here.
Now, the other two, uh,
Your sons are, of course, they're older, married, living out there, running home.
A lot of them is living with us, and he is taking care of them.
Yep.
Eight times.
And the other one is married, and he did a good job.
A lot of years today, a lot of nights.
Okay.
Why don't you, uh, Ron, this is the best thing here.
Oh, yes, sir.
I think this is a good time.
No, I'm just sitting here talking.
Hello, Mr. President.
President Sanders.
Yes, sir.
I want you to know that you've got a clean bill.
Bill legal.
All right.
You did that almost before in the fallout.
All right.
Let's take a shirt or something like that.
Let's get away from currency.
See, you're saying that you're asking to go out and buy a cheap three-day thing.
Is that right?
Yeah, that's right.
You're pretty careful.
All right.
All right.
All right.
Thank you very much.
I don't want to meet the fire, but I think I've got to keep this open.
I've got to call you back.
I've got to keep this open.
I've got to keep this open.
I've got to keep this open.
Oh, you don't do that, do you?
I'm just demarcating.
I'm just demarcating.
Thank you.
Thank you.
Thank you.
Thank you.
That's right.
Here, I'll take it off.
Wait a minute, this is your pen?
Yes.
I work at a community state bank in Texas.
Thank you.
What is it, a community state bank?
Yeah, yeah.
I'm a little, I'm a president.
There we go.
And I'm the Secretary of the Treasury.
Thank you.
I'm very happy to have you with us.
Thank you.
We'll get another picture.
Let's get another picture.
Where's your, is your daughter with you?
Oh, not here.
Let's get another picture, a family picture, shall we?
All these things are recorded for you.
Come on now.
You just had her sign.
All right, let's see.
Oh, here's the, here's the official presidential hat.
I don't know if it was too, get one.
There, do the presidential cup.
There's a little pin that you can wear.
And one of the little girls has to change clothes.
And then you have two boys.
Thank you very much.
Thank you, sir.
It can't be.
It's very nice to have you here.
And I'm very proud of you.
We want you to know, we attend this very carefully.
We pick you not because you look, not because you're a person.
We pick you because we think that you are qualified for this job.
That's the important thing.
Now we think it's good that you are a woman because a woman is traditionally held as a position.
I think it's also very good that we recognize the Mexican-American community, particularly from California, for contributing so much.
In other words, this is something that all people will say in that community cage.
They'll say, well, we didn't go to the top.
That's what it's going to mean to us.
And that's what's important.
What are your thoughts on that too?
We have a lot of professional actors out there, Peter Rivera, etc, etc.
And I think this gets around soon.
Everybody's wrong.
They don't want to be able to talk about this problem.
They can't.
Now, this is one way of demonstrating it, because there is one thing that not much American finance is in high government, you know what I mean, right?
No, no.
And this is the highest position, I think, that has been held.
And that's the city of Rosario, I mean, the purity of the United States.
Of course, we've got the Sanchez Institute, and we've got the, well, we owe them, too, so.
But on the other hand, we want you to know, we want you to know who you are.
That's why you're here.
Thank you.
Thank you.
Thank you.
Thank you.
Thank you, Mr. President.
Bye.
First of all, the Women's National Caucus has taken me on a little bit on a Supreme Court thing because I said that you were looking for the best man.
I don't want this to escalate.
I talked to the attorney general.
So here's what I'm supposed to say, what I'm going to say.
I'm going to say that the seven that we're focused on the other day is not a closed number, that women are not ruled out.
As a matter of fact, the president told me they needed to consider women, okay?
And you've already appointed three of them.
If they will look through our appointments, they will find them.
And then I'll go back to you.
that I, the president, firmly believes that there will be a woman on the Supreme Court.
They, uh, they, they, they, they, they, they, they, they, they, they, they, they, they, they, they, they, they, they, they, they, they, they, they, they, they, they, they, they, they, they, they, they, they, they, they, they, they, they, they, they, they, they, they, they, they, they, they, they, they, they, they, they, they, they, they, they, they, they, they, they, they, they, they, they, they, they, they, they, they, they, they, they, they, they, they, they, they, they, they, they, they, they, they, they, they, they, they, they, they, they, they, they, they, they, they, they, they, they, they, they, they
Then one other point.
There seems to be a misconception that you said at one point that you would only appoint people who were sitting on the bench.
Well, I've gone through the records, and you did not say that.
As a matter of fact, in your interview with the columnist, Sam Kilpatrick, wrote about it later.
He says the president subsequently remarked that he was thinking solely of sitting judge.
he might choose a distinguished Southern.
He was not thinking so.
A distinguished Southern lawyer or law professor.
But the criteria would be, he said, a public record of legal philosophy founded in strict construction.
The main point is that he must be qualified in the law.
and set his philosophy, but beyond that.
Oh, no, no, no, I've also, I've just spoken about that research.
For example, Frankfurt was a law professor who never practiced a day of life.
They bought his life.
And Harlem came up, I think, as a law firm, as I recall.
In other words, outstanding lawyers from the bar, and of course,
or who have had experience with the equivalent.
No, I'm not gonna just promote this.
I have the fact that I promoted from the bench does not mean that I am limited to the bench.
Throughout the legal profession, the best people, and they are, they don't have to be all on the bench.
Who would think that you'd say you were looking for the best man?
Well, it's pretty crooked.
Keep it busy for a while.
Right.
Just that figure seven got a lot of play on the sheet.
Well, matter of fact, we had a talk about seven.
Seven didn't answer, so we came right to the conversation.
So we'll consider it.
But I'll leave it to that basis.
I'm going to be asked probably about Harlan today, too.
I'm probably going to say, no, I've received a resignation.
And don't say to worry about it at all.
We have no discussion on that.
There's no resignation.
There's nothing depending on that.
Whatever.
I don't really have anything.
Right.
I don't know if there's any other news of interest?
Well, I think that, Mr. Van Willis, we'll... Do you have any questions on, are they asking you about the Vietnam riots and so forth?
No, and I don't think I'll give questions.
They're, of course, always asking about the speculation that's coming out of Saigon to a great extent on what you're going to do after November 15th.
But I come down very hard on that.
As I said the other day, I don't care what an individual attributes himself to be, an authority or what.
It's all speculation.