Conversation: 649-001
Prev: 648-005 Next: 649-002Start Date: 17-Jan-1972 3:46 PM
End Date: 17-Jan-1972 6:38 PM
Participants:
Nixon, Richard M. (President); Woods, Rose Mary; Sanchez, Manolo; Haldeman, H. R. ("Bob"); Bull, Stephen B.; Connally, John B.;Recording Device: Oval Office
Full Tape Conversation Start Time: 00:01:07
Full Tape Conversation End Time: 02:49:55
NARA Description:
On January 17, 1972, President Richard M. Nixon, Rose Mary Woods, Manolo Sanchez, H. R. ("Bob") Haldeman, Stephen B. Bull, and John B. Connally met in the Oval Office of the White House at an unknown time between 3:46 pm and 6:38 pm. The Oval Office taping system captured this recording, which is known as Conversation 649-001 of the White House Tapes.
Nixon Library Finding Aid:
Conversation No. 649-1
Date: January 17, 1972
Time: 3:46 pm - unknown before 6:38 pm
Location: Oval Office
The President met with Rose Mary Woods.
The President's schedule
-Cabinet dinner, January 20, 1972
-Seating
-Protocol
-Tables
-Shape
-Cabinet officers, White House staff, former Cabinet members
-Seating
-The President's table
-Kathleen (Carmoody) Stans
-Sally Peterson
-Maurice H. Stans
-Thelma C. (“Pat”) Nixon
-Protocol
-Cabinet officers
-The President's table
-Smoking
-Kathleen Stans
-Sally Peterson
-Martha Love (Woods) Hardin
-Clifford M. Hardin
-Maurice Stans
-White House staff
-Protocol
-Cabinet
-William P. and Adele (Langston) Rogers
-Melvin R. and Barbara Laird
-John N. and Martha (Beall) Mitchell
-The President's table
-Martha Mitchell
-John Mitchell
-Forthcoming resignation
-Timing of announcement
-John Mitchell
2
NIXON PRESIDENTIAL MATERIALS STAFF
Tape Subject Log
(rev. 10/06)
Conv. No. 649-1 (cont.)
-Martha Mitchell
-John Mitchell's resignation
-Mrs. Nixon's views
-Reception in White House family quarters
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BEGIN WITHDRAWN ITEM NO. 1
[Personal Returnable]
[Duration: 42s ]
END WITHDRAWN ITEM NO. 1
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-Woods’s forthcoming talk with unknown person
-The Hardins
-Clifford Hardin's resignation
-Timing
Clifford Hardin
-Resignation
-Christmas
-Ford's Theater event
-Woods's attendance
-Patricia R. and Robert J. Hitt's attendance
-The Hardins
-Reception
The President's correspondence
-Allen S. Drury
-Don Shula
-Herbert Hill
-Previous correspondence
-Articles
-Previous relationship with the President
-Form of address
-Articles
3
NIXON PRESIDENTIAL MATERIALS STAFF
Tape Subject Log
(rev. 10/06)
Conv. No. 649-1 (cont.)
-Views of Mrs. Nixon, Tricia Nixon Cox and Julie Nixon Eisenhower
Manolo Sanchez entered at an unknown time after 3:46 pm.
Refreshment
Sanchez left at an unknown time before 3:55 pm.
Cabinet dinner
-Arrangements
-Woods
-Lucy A. Winchester
-Thelma C. (“Pat”) Nixon
Dinner for DeWitt and Lila (Acheson) Wallace, January 28, 1972
-Musical entertainment
H. R. (“Bob”) Haldeman entered at an unknown time after 3:46 pm.
-Lawrence Welk
-Ray Conniff
-Army Chorus
-Possible selections
-Medleys
-Members
Woods left at 3:55 pm.
The President's forthcoming speech on Vietnam peace plan
-William L. Safire's work
-Henry A. Kissinger's view
-Kissinger’s draft
-Length
-Television presentation
-Kissinger's view
-Kissinger's role in negotiations
-References to Kissinger in draft
Speechwriting
-The President's efforts
-Raymond K. Price, Jr.'s work
4
NIXON PRESIDENTIAL MATERIALS STAFF
Tape Subject Log
(rev. 10/06)
Conv. No. 649-1 (cont.)
-The President's method
-Compared with Franklin D. Roosevelt's method
-Kissinger's and Price’s effort on the President's speech
-Substance compared to form
-The President's method
-Outline
-Price's reworking
-Compared with Roosevelt's method
-Draft from speechwriters
-The President’s State of the Union addresses
-Fireside chats
-Campaign speeches
-Speechwriters' methods
-Cabinet Room
-Samuel I. Rosenman
-Robert Sherwood
-Harry Hopkins
-Interaction with Roosevelt
-Foreign policy
The President's schedule
-Meeting with John B. Connally
-Meeting with Arthur F. Burns
-Pay Board
-Connally's and George Shultz’s views
-The President's State of the Union Address
Stephen B. Bull entered at an unknown time after 3:55 pm.
Connally's arrival
Bull left at an unknown time before 4:05 pm.
5
NIXON PRESIDENTIAL MATERIALS STAFF
Tape Subject Log
(rev. 10/06)
Conv. No. 649-1 (cont.)
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BEGIN WITHDRAWN ITEM NO. 2
[Personal Returnable]
[Duration: 3m 49s ]
END WITHDRAWN ITEM NO. 2
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Connally entered at 4:05 pm
Greetings
Seating arrangements
Oval Office furnishings
Connally's European trip
-Reception
Sanchez entered at an unknown time after 4:05 pm.
Refreshment
Sanchez left at an unknown time before 6:33 pm.
European meeting
-Progress
-William D. Eberle's talk with Paul A. Volcker
-Eberle’s schedule
-Forthcoming meeting with Connally
-Japanese
-Grain Pricing
-As issue
-Price increase
6
NIXON PRESIDENTIAL MATERIALS STAFF
Tape Subject Log
(rev. 10/06)
Conv. No. 649-1 (cont.)
-US position
-Devaluation of dollar
-Citrus and tobacco
-Japan
Peter G. Peterson
Burns
-Possible meeting with the President
-Connally's views
-Connally’s possible participation
-Pay Board
-Spending ceiling
-Burns's conversations with Volcker and George P. Shultz
-Congressional action
-The President's State of the Union address or budget message
-Deficit
-The President's previous record
-State of the Union address
-The President's budget message
-Shultz
-Forthcoming talks with Connally and Haldeman
-Timing
-Congress
-Deficit
-Scheduling
The President's schedule
-State of the Union address
-Meeting with Burns
-Safire’s draft
-Connally's schedule
-Meeting with Burns
-Connally
-Herbert Stein and Shultz
-Quadriad
-Schedule for meeting, January 26, 1972
-Timing
-Burns
-Troika
-Budget and economic messages
7
NIXON PRESIDENTIAL MATERIALS STAFF
Tape Subject Log
(rev. 10/06)
Conv. No. 649-1 (cont.)
-Connally's schedule
-[Barend W. Biesheuvel]
-Photograph
-Publicity
-Burns
Economy
-Money supply
-Interest rates
-Prime rate
-Short term Treasury Bills
-Refinancing
-Long term compared to short term loans
-Prime rate
-Hubert H. Humphrey
-Banker's Trust
-First National Savings
-Compared to 1964
-Money supply
-December figure
-Connally's conversation with Burns, January 15, 1972
-Burns's meeting with Open Market Committee
-Increase of money supply
-New Federal Reserve Board [FRB] member [John E. Sheehan]
-Compared with other members
-Connally’s and the President’s view
-Possible relationship with administration
Peterson
-Secretary of Commerce position
-Announcements
-Stans's resignation
-"Council for Competition" idea
-The President’s view
-Possible effect on confirmation
-Stans
-Connally's knowledge
-Peter M. Flanigan
-Work with James D. Hodgson
-Unemployment issue
-Speeches across nation
8
NIXON PRESIDENTIAL MATERIALS STAFF
Tape Subject Log
(rev. 10/06)
Conv. No. 649-1 (cont.)
-Compared with west coast operation
-Unknown man from Pennsylvania
-Reorganization plans
-Compared with Stans's work with Hodgson and Shultz
-Hodgson's view
Unemployment
-Criticism of administration actions
-Compared with inflation issue
-Humphrey
-John F. Kennedy administration
-Studies
-Administration strategy
-Arthur J. Goldberg's previous actions as Secretary of Labor
-Combined effort by Commerce and Labor Secretaries
-State of the Union address draft
-Connally's perusal
-Statistical analysis
-"Outlook" column in Wall Street Journal, January 17, 1972
-Connally's and Peterson's views
-Current figure
-Application of monetary or fiscal action
-Social compared to economic problem
-Employment of young people
-Universal service
-Peterson’s possible role
-Categories
-Peterson's role
-Work by Peterson and Hodgson
-Stein and Council of Economic Advisors [CEA]
-Commerce Department
-Labor Department
-Employment offices
-Possible meeting
-Shultz
-Forthcoming administration actions
-Connally's coordination
-Hodgson
-Director of Census Bureau [George Hay Brown]
-Shultz
-Study
9
NIXON PRESIDENTIAL MATERIALS STAFF
Tape Subject Log
(rev. 10/06)
Conv. No. 649-1 (cont.)
-Publicity
-Connally's coordination
-Hodgson
-Peterson
-Commerce and Labor Departments
-Employment offices
-Statistics
-Possible meeting with the President
-The President's schedule
-Peterson
-Forthcoming People's Republic of China [PRC] trip
Economy
-International economic policy
-Peterson
-"Camp David operation"
-Flanigan
-Conversation with Haldeman
-Council on International Economic Policy [CIEP]
-Role
-Monetary and trade policy
-Secretary of Treasury
-Volcker Committee
-Implementation and execution
-Shultz's and Kissinger's view
-Connally’s control
-State and Commerce Department
-Connally’s role
-Flanigan’s talk with Connally
-Monetary compared to economic policy
-Economic policy
-Military and political policy
-Peterson's previous actions
-Monetary policy
-Trade compared to monetary policy
-Treasury Department role
-State Department role
-Ash Council
-Roy L. Ash
-Trade
-Balance of payments problems
10
NIXON PRESIDENTIAL MATERIALS STAFF
Tape Subject Log
(rev. 10/06)
Conv. No. 649-1 (cont.)
-Defense Department
-Laird's actions
-Offset agreements
-Effect
-Monetary policy
-Flanigan’s talk with Connally
-Treasury Department
-CEA
-Kissinger
-Shultz
-State Department
-Peterson
-FRB
-Diplomatic policy impact
-State Department
-Trade
-Balance of payments
-Realignment
-Responsibility
-Treasury Department
-Connally's cable during European trip
-State Department's actions
-Nathaniel Samuels
-Volcker's and Connally’s calls
-Rome meeting
-Finance Ministers of France, West Germany, Great Britain
-Trade representatives
-Samuels
-Flanigan
-Peterson
-Relations with Connally
-Monetary policy
-Secretary of Treasury
-Peterson's role
-Currency realignment
-Possible meeting
-Need for expertise
-Burns
-Need for unity
-Gold prices
-Currency realignment
11
NIXON PRESIDENTIAL MATERIALS STAFF
Tape Subject Log
(rev. 10/06)
Conv. No. 649-1 (cont.)
-Absence
-Effect on negotiations
-Georges J.R. Pompidou's view
-Private agreement
-Announcement
-Possible effect on French exchanges
-Speculation
-Peterson, Burns and Shultz
-Flanigan
-Speechmaking
-Flanigan
-Compared to Peterson
-Connally's role
-Negotiations
-Need for unity
-Treasury Department role
-Flanigan
-Treasury Department role
-1971
-Rogers
-Trade
-Burden-sharing
-Defense and State Department
-Rogers and Laird
-The President’s approval
-Trade
-Cordell Hull
-State Department
-Commerce Department
-Treasury Department
-Eberle's role
-The President
-State Department
-Special Trade Representative
-Congressional statute
-Independence from State Department
-Powers
-Delegation of responsibility to Connally
-Monetary policy
-Philosophy
-Eberle
12
NIXON PRESIDENTIAL MATERIALS STAFF
Tape Subject Log
(rev. 10/06)
Conv. No. 649-1 (cont.)
-Commerce Department
-State Department commercial representatives
-Rogers
-Contact with Connally
-Contact with Stans
-Future contact with Peterson
-Treasury Department
-Monetary crisis
-Secretary of State
-The President
-David M. Kennedy
-Connally's role
-Monetary policy
-Burden-sharing
-National Security Council [NSC]
-Eberle
-Negotiations
-Meeting with Japanese at San Clemente
-Kakuei Tanaka
-Eberle
-Stans
-Conversation with Eberle
-Connally
-Stans
-Mikio Mizuta
-Europeans
-Talks with Connally
-Monetary policy
-Revelation of intentions
-US unified position on trade
-Eberle
-Peterson
-Samuels
-Eberle
-Connally
-Authority
-Peterson
-Meetings with the President
-Flanigan
-Role
-CIEP
13
NIXON PRESIDENTIAL MATERIALS STAFF
Tape Subject Log
(rev. 10/06)
Conv. No. 649-1 (cont.)
-Trade
-Jurisdiction
-Treasury compared to State Department
-CIEP
-Chairmanship by the President
-Rogers
-Vice chairmanship
-Organization
-Meetings
-Vice President Spiro T. Agnew
-Peterson
-Commerce Department
-Reorganization
-Prospects
-State Department
-Reorganization
-Under Secretary for Economic Affairs
-Rogers
-Flanigan
-Possible role
-Embassies
-Commerce Department
-CIEP
-Flanigan
-Chairman
-Appointment by the President
-Delegation of authority
-Connally
-Treasury Department
-Paper
-State Department
-Role
-Flanigan
-Desire for job
-Frederic V. Malek
-Relations with Connally
-Staff for Connally in White House
-Relations with State Department
-Restructuring of State and Commerce Departments
-Timing
-1972 election
14
NIXON PRESIDENTIAL MATERIALS STAFF
Tape Subject Log
(rev. 10/06)
Conv. No. 649-1 (cont.)
-State Department
-Flanigan
-Responsibility for economic matters
-Monetary policy
-Treasury Department
-Commerce and State Departments
-Rogers
-Flanigan's role
-Reorganization
-Connally’s forthcoming talk with Flanigan
-Flanigan
-Efficiency
-Compared with Peterson
-Loyalty
-Relations with Connally
-Commerce and State Departments
-The President’s role
-Peterson, Stans, Flanigan shifts
-Announcement
-Timing
-Flanigan
-Possible talk with Haldeman
-Opportunity
-CIEP
-Peterson's tenure
-The President
-Connally
-Kissinger
-Shultz
-Peterson
-Compared with Flanigan
-New relationship with Flanigan
-Flanigan
-Role
-Trade
-State Department
-Under Secretary position
-Credibility
-Recommendations
-International monetary policy
-CIEP
15
NIXON PRESIDENTIAL MATERIALS STAFF
Tape Subject Log
(rev. 10/06)
Conv. No. 649-1 (cont.)
-Peterson
-Relations with Connally
-Trade
-Eberle
-Relations with Connally
-Peterson
-Flanigan
-Possible relations with Connally
-Connally’s schedule
-Volcker
Treasury Department
-Departure of officials
-Reorganization
-World Bank
-International Monetary Fund [IMF]
-Inter-American Development Bank [IADB]
Robert S. McNamara
-Trip
-The President’s forthcoming trip to the PRC
-Report to the President
-Meeting with the President, Connally and Kissinger
-The President’s talk with Kissinger
-Foreign policy commitments
-India
-Bangladesh
-Kissinger's dinner with McNamara
-Coordination with Administration foreign policy
-Possible frequency
International monetary policy
-Export-Import [Ex-Im] Bank
-World Bank
-International Monetary Fund [IMF]
-McNamara
-World Bank
-Ex-Im Bank
-Other banks
-Votes
-Heads
16
NIXON PRESIDENTIAL MATERIALS STAFF
Tape Subject Log
(rev. 10/06)
Conv. No. 649-1 (cont.)
-Latin Americans
-Asians
-Japan
-Possible meetings
-IADB head
-Peru
-Antonio Ortiz-Mena
-Expropriation of IPC
-Standard Oil of New Jersey
-John N. Irwin II
-Treasury Department
-Finance minister, ambassador
-Possible payment
-Copper company concession
-The President's meeting with McNamara
-Henry Kearns
-World Bank
-Unknown bank
-IADB
-Ortiz-Mena
-World Bank, IADB, IMF
-Impact on foreign policy
-IMF loans
-Compared with World Bank
-Accommodations of governments
-Credit ratings
-McNamara meeting
-Ortiz-Mena meeting
Raw materials development
-Connally's plan
-Latin America and Asia
-Japan
-Flanigan
-CIEP
-Forthcoming talk with Connally
Peru
Chile
-Elections
17
NIXON PRESIDENTIAL MATERIALS STAFF
Tape Subject Log
(rev. 10/06)
Conv. No. 649-1 (cont.)
-News summary
-Salvador Allende Gossens
-Administration posture
Paris meeting
-Chilean credit
-Connally's memorandum
-Renegotiation of debts
-Treasury and State Departments
-Sidney Weintraub
-Conversation with Chilean Ambassador
-The President's instructions to Kissinger
-Memorandum
-Kissinger
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BEGIN WITHDRAWN ITEM NO. 9
[National Security
[Duration: 4m 10s ]
INTELLIGENCE
END WITHDRAWN ITEM NO. 9
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-Weintraub
International economic situation
-McNamara meeting
-US influence
-US military power
-Effect
-India
-State Department
-World Bank
18
NIXON PRESIDENTIAL MATERIALS STAFF
Tape Subject Log
(rev. 10/06)
Conv. No. 649-1 (cont.)
-McNamara
-Conversation with Connally, January 14, 1972
-Views on Chilean debt renegotiation
-Chilean renegotiation
-Paris Club
-Default
-Maturity date
-Connally’s view
-Sanction
-Kissinger
-State Department
-Flanigan
-Kissinger
-Rogers
-Weintraub's response
-US policy
Cuba
-US policy
-State Department
-PRC
-Criticism
William B. Camp
-Reappointment as Comptroller of the Currency
-Connally's recommendation
-Malek's view
-Tenure
-Support from banks
-Malek's view
Robert S. Ingersoll
-Appointment as Ambassador to Japan
-Borg-Warner Corporation
-Forthcoming confirmation by Senate
-Forthcoming meeting with Connally
-Father, Roy Ingersoll
-New appointment
Camp's reappointment
-Connally's memorandum
19
NIXON PRESIDENTIAL MATERIALS STAFF
Tape Subject Log
(rev. 10/06)
Conv. No. 649-1 (cont.)
-Malek's view
-Possible partisanship toward Democrats
-Bank charters
-Southern Republicans' views
-Connally's direction
-Bank charters
-Bank charters
-Wells Fargo
-Richard P. Cooley
-Federal Deposit Insurance Corporation [FDIC]
-Appearance
-Confusion with Wofford B. (“Bill”) Camp
-California
-South Carolina
-Agricultural field
-Conservatism
-Bankers
-Background
-Lyndon B. Johnson appointment
-Possible relation with Wofford Camp
-Democrat
-South Carolina
-Cotton business in San Joaquin Valley, California
-Conversation with Haldeman in 1968
-Possible meeting with the President
-Loyalty
-Method of operation
-Political loan made by unknown bank
-Indictment by US attorney
-Common practice
-Legality
-Bank examiners
-Report to Justice Department
-New law
The President's State of the Union speech draft
-Status
-Tone
-Strategy
20
NIXON PRESIDENTIAL MATERIALS STAFF
Tape Subject Log
(rev. 10/06)
Conv. No. 649-1 (cont.)
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BEGIN WITHDRAWN ITEM NO. 12
[Personal Returnable]
[Duration: 33m 34s ]
END WITHDRAWN ITEM NO. 12
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Drugs
-As issue
-Marijuana
-Compared with environment issue
-Julie Nixon Eisenhower, Tricia Nixon Cox
-Compared with capital punishment
-Previous work by administration
-Public impression
-Pushers
-Incarceration
-Demonstrators in Washington, DC
-Japanese in World War II
-Courts
-Pushers
-Arrest
-Likelihood of conviction
Federal court system
-Judges
-School integration
-Richmond, Virginia judge [Robert R. Merhige, Jr.]
-Appointment by Johnson
-Accountability
-Need for change
-Mandatory reconfirmation
-Limited terms
-Possible criticism
-Accountability
-Mandatory retirement
21
NIXON PRESIDENTIAL MATERIALS STAFF
Tape Subject Log
(rev. 10/06)
Conv. No. 649-1 (cont.)
-Congressmen
-Hugh Scott
-Electorate
-William O. Douglas
-Integration
Integration
-Democrats' stand
-Republican National Convention
-Edmund S. Muskie
-Hubert H. Humphrey
-Edward M. Kennedy
-Housing, schools, busing
-Legislation
-John D. Ehrlichman's work
-Administration action
-Timing
-Republican National Convention
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BEGIN WITHDRAWN ITEM NO. 13
[Personal Returnable]
[Duration: 2m 4s ]
END WITHDRAWN ITEM NO. 13
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The President's stand on issues
-Drugs
-Court appointment
-Clement F. Haynsworth
-G. Harrold Carswell
-Public relations
-Busing
-Drugs
-Pushers
22
NIXON PRESIDENTIAL MATERIALS STAFF
Tape Subject Log
(rev. 10/06)
Conv. No. 649-1 (cont.)
-Administration stand
-Arrests
-Sentencing
-The French Connection
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BEGIN WITHDRAWN ITEM NO. 14
[Personal Returnable]
[Duration: 12m 26s ]
END WITHDRAWN ITEM NO. 14
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The President's schedule
-Florida
-Fishing
-Invitation to Connally
-Robert H. Abplanalp's island
-Charles G. (“Bebe”) Rebozo, Abplanalp, Connally and George A. Smathers
-Connally's itinerary
-Speech at National Investment Conference Board [NICB]
-Abplanalp's invitation to Connally
-Key Biscayne
-Helicopter
-Lincoln's Birthday weekend
-Itinerary
-Connally's schedule
-Speech to NICB
-Alfalfa Club
-Fishing
23
NIXON PRESIDENTIAL MATERIALS STAFF
Tape Subject Log
(rev. 10/06)
Conv. No. 649-1 (cont.)
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BEGIN WITHDRAWN ITEM NO. 15
[Personal Returnable]
[Duration: 1m 37s ]
END WITHDRAWN ITEM NO. 15
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The President's schedule
-Florida
-Number of invitees
-Abplanalp's home
-Invitation to Connally
-Visit with Connally in Texas
-Idanell B. (“Nellie”) Connally
Flanigan
-Forthcoming conversation with Connally
Connally left at 6:33 pm.
Request of an unknown person to come in
The President and Haldeman left at 6:33 pm.