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Conversation: 676-012

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Start Date: 1-Mar-1972 9:23 AM

End Date: 1-Mar-1972 9:50 AM

Participants:

Nixon, Richard M. (President)Connally, John B.Kissinger, Henry A.Butterfield, Alexander P.

Recording Device: Oval Office

Full Tape Conversation Start Time: 00:46:10

Full Tape Conversation End Time: 01:13:44

676a.mp3

676b.mp3

NARA Description:

On March 1, 1972, President Richard M. Nixon, John B. Connally, Henry A. Kissinger, and Alexander P. Butterfield met in the Oval Office of the White House from 9:23 am to 9:50 am. The Oval Office taping system captured this recording, which is known as Conversation 676-012 of the White House Tapes.

Nixon Library Finding Aid:

Conversation No. 676-12

Date: March 1, 1972
Time: 9:23 am - 9:50 am
Location: Oval Office

The President met with John B. Connally.

     Connally’s schedule
         -Testimony
               -House Banking and Currency Committee
                     -Price of gold
                     -Wright Patman
                     -Henry S. Reuss
                                                6

                            NIXON PRESIDENTIAL MATERIALS STAFF

                                       Tape Subject Log
                                         (rev. 10/06)
                                                                  Conv. No. 676-12 (cont.)


******************************************************************************

BEGIN WITHDRAWN ITEM NO. 1
[Personal returnable]
[Duration: 39s ]


END WITHDRAWN ITEM NO. 1

******************************************************************************


     National economy
          -Gold
          -Interest rates
          -Money supply
                -M1

Henry A. Kissinger entered at 9:24 am.

     Barry M. Goldwater

     Backgrounder
         -Time of completion

     The President’s schedule
          -Meeting with Kissinger
               -Time

Kissinger left and Alexander P. Butterfield entered at 9:25 am.

     The President’s schedule
          -Possible trip to West Virginia
               -Charleston
               -Flood area
               -Robert C. Byrd
               -Gen. George A. Lincoln
               -Byrd
               -Charleston
               -Flood area
                      -Viewing
                                               7

                               NIXON PRESIDENTIAL MATERIALS STAFF

                                        Tape Subject Log
                                          (rev. 10/06)
                                                                     Conv. No. 676-12 (cont.)


                       -Helicopter
                            -Lorado, West Virginia

Butterfield left at 9:30 am.

     National economy
          -Money supply
                -M1
                -M2
                -Indicators examined
                      -Compared to October 1968
                -Administration’s reactions
                      -Connally’s view of public mood
                            -Washington Post
                            -Meat prices
                            -Cost of living
                                 -Press coverage
                                        -Pay Board
                                        -Price Commission
                            -Charles W. Colson
                                 -Previous memoranda to Connally
                                        -Connally’s possible meeting with supermarket
                                              executives
                                              -Meat prices
                                 -Polls
                                        -Louis P. Harris
          -The President’s view
                                 -Enactment of wage and price controls in August 1971
          -Press coverage
                -Washington Post, Washington Star
          -Administration attitude
                -Treasury Department
                -Federal Reserve Board
                -Council of Economic Advisors [CEA]

     Connally’s previous meeting with Thomas G. Corcoran
         -The People’s Republic of China [PRC]
         -Political situation
         -Labor
         -Coalition government
         -Mood of the US
                                          8

                      NIXON PRESIDENTIAL MATERIALS STAFF

                                   Tape Subject Log
                                     (rev. 10/06)
                                                           Conv. No. 676-12 (cont.)


           -Administration role
               -November 1972

National economy
     -Pay Board
     -Price Commission
     -Wage and price increases
     -Food prices
           -January index
           -Television media coverage
     -Meat import prices
     -Unemployment
     -Job security
           -Administration’s role
           -Foreign competition
           -Employment
                -Inflation

     -Arthur F. Burns
          -Schedule
          -Convertibility
     -American people’s views
     -Aid To foreign countries
          -Great Britain
          -International Monetary Fund [IMF]

Issues in the US
     -Busing
            -Racial problem
                  -Effect on election
                  -Florida primary
                  -Texas
                        Dallas
                        Houston
                  -North and South
     -Job security
            -Job maintenance
            -Foreign competition
                  -Labor
     -Confidence
            -In administration
                                              9

                          NIXON PRESIDENTIAL MATERIALS STAFF

                                     Tape Subject Log
                                       (rev. 10/06)
                                                               Conv. No. 676-12 (cont.)


              -General economic condition
         -Cost of living
         -Connally’s view

    Life cycles
          -People
                -Women
                -Men
          -Nature
                -Spring
                -Winter

    Labor
         -Possible settlement with longshoremen
              -Pay Board
              -Strike possibilities

    National economy
         -Stock market
         -Indicators
               -Machine tool orders
                     -Investment tax
               -Automobile sales
                     -Compared to last year


******************************************************************************

BEGIN WITHDRAWN ITEM NO. 3
[Personal returnable]
[Duration: 5m 58s ]


END WITHDRAWN ITEM NO. 3

******************************************************************************
                                              10

                            NIXON PRESIDENTIAL MATERIALS STAFF

                                      Tape Subject Log
                                        (rev. 10/06)
                                                                    Conv. No. 676-12 (cont.)


     Congress
         -Leadership
              -House of Representatives
                   -Ways and Means Committee
                        -Wilbur D. Mills
                        -John W. Byrnes, Jackson E. Betts, Carl B. Albert, Michael J.
                                   Mansfield, Hugh Scott, Gerald R. Ford

     National economy

     Connally’s forthcoming testimony

Connally left at 9:50 am.