Nixon White House Tapes ›Tape 867 › Conversation 867-019
Nixon, Olin & Sanchez on Vietnam War and POWs
Friday, March 2, 1973 · 3:35 PM–4:08 PM ET · Oval Office ·32 min
AI Summary
President Nixon met with John M. Olin and Manolo Sanchez in the Oval Office to discuss Olin's long-standing support for the President, including his views on the Vietnam War bombing campaign and POWs. They also covered international trade, specifically Olin Corporation's potential dealings with the USSR and China regarding agricultural developments, and the critical issue of Atlantic salmon conservation, with Olin expressing concern over Danish and Greenlandic fishing practices. A significant portion of the conversation focused on President Nixon's opposition to proposed capital gains and estate taxes, which he believed would harm entrepreneurship and family wealth.
- Vietnam War
- POWs
- US-USSR trade
- Atlantic salmon conservation
- Capital gains tax
- Estate tax
- Olin Corporation
- Agricultural patents
Audio
Transcript (AI-generated)
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NARA Description
On March 2, 1973, President Richard M. Nixon, John M. Olin, and Manolo Sanchez met in the Oval Office of the White House from 3:35 pm to 4:08 pm. The Oval Office taping system captured this recording, which is known as Conversation 867-019 of the White House Tapes.
Nixon Library Finding Aid
Conversation No. 867-19
Date: March 2, 1973
Time: 3:35 pm-4:08 pm
Location: Oval Office
The President met with John M. Olin; the White House photographer was present at the
beginning of the meeting.
Greetings
-Summer
-New York
Photographs
-Color
-Copies
Olin's support for President
Manolo Sanchez entered at an unknown time after 3:35 pm.
Refreshment
Sanchez left at an unknown time before 4:08 pm.
Olin's relationship with President
-Length
-Eisenhower administration
-Olin's support for President
-December 1972 bombing of Vietnam
-Olin's support
-Criticism
Vietnam War
-December 1972bombing
-Prisoners of war [POWs] support
-Effectiveness
-John F. Kennedy and Lyndon B. Johnson
POWs
-Demeanor
-29-
NIXON PRESIDENTIAL LIBRARY AND MUSEUM
(rev. June-2010)
Conversation No. 867-19 (cont’d)
-Washington Post
-William F. Buckley, Jr.
-National Review comments
Vietnam
-Conclusion of war
-Retention of troops in South Vietnam
-eventual withdrawal
-South Vietnam
-Strength
-Chances of survival
-Aid to North Vietnam
-Congress
-Reasons
-Leverage
-Laos, Cambodia
-Compared with Japan and Germany
World War II
-Yalta Agreements
-Franklin D. Roosevelt
-Union of Soviet Socialist Republics [USSR]
US defenses
-John F. Kennedy, Lyndon B. Johnson
******************************************************************************
BEGIN WITHDRAWN ITEM NO. 1
[National security]
[Duration: 6s]
NUCLEAR WEAPONS
END WITHDRAWN ITEM NO. 1
******************************************************************************
Olin Corporation
-Negotiations with [First name unknown] Nickerson
-30-
NIXON PRESIDENTIAL LIBRARY AND MUSEUM
(rev. June-2010)
Conversation No. 867-19 (cont’d)
-Great Britain
-Seed geneticist
-Leadership role
-Agricultural patents
-Individual property rights
-Seed varieties
-New law
-Patent Office
-Licenses
Grain trade
-USSR
-Natural resources
-Lack of expertise
-US seed developments
-Availability to USSR
-President’s viewpoint
-Leverage
-Negotiations with Olin Corporation
-Trade offs
-People's Republic of China [PRC]’s market
-PRC’s, USSR’s agricultural exports
-USSR
-Agriculture
-Market potential
US-USSR trade relations
-Olin Corporation
Exploration possibilities
Olin’s relationship with Nickerson
-Hunting
-Northern Yorkshire, England
-Olin's background
-Nickerson's research in grain seeds
-Lincolnshire, England
-Wheat, barley, corn
Atlantic salmon
-31-
NIXON PRESIDENTIAL LIBRARY AND MUSEUM
(rev. June-2010)
Conversation No. 867-19 (cont’d)
-Olin's concern
-Acquaintance with US ambassador to Denmark [?]
-Denmark
-Smoked salmon
-Salmon controversy
-Denmark and Greenland
-Contributions to stock of salmon
-Canada, Great Britain, Norway
-Greenland
-Trout
-Harvesting of salmon
-Amount
-Demark
-Harvesting
-Davis Stright
-Netting
-Impact on stock of salmon
-Depletion
-High-seas fishing
-Legislation
-Greenland
-Harvesting
-Restrictions
-Denmark
-Appointment of an ambassador
-Philip K. Crowe
-Norway post
-State Department
-Olin's conversation with Maurice H. Stans
-Need to obtain agreement with Demark and Greenland
-Amount
-Canada
-Harvesting
-Netting
-Restrictions
-Compensation
-Crowe’s appointment
-Denmark, Norway
-Norway
-32-
NIXON PRESIDENTIAL LIBRARY AND MUSEUM
(rev. June-2010)
Conversation No. 867-19 (cont’d)
-Salmon stock
-USSR
-Salmon stock
-Cooperation
-Iceland
-Northeast Atlantic Commission
-Restrictions on high-seas fishing
-Norway
-Political effect
-[First name unknown] Aigmon [?]
-Crowe
-Norway
-US representative
-Resolution of problem
-Crowe
International Advisory Board on Salmon
-Olin's chairmanship
-Olin's interests
President’s campaign for
-Huntsmen's lobby
-Questions
Atlantic salmon problem
-President's investigation
-Crowe
-Donald L. McKernan
-State Department
-Advice
-Work on problem
-Knowledge
-Olin’s conversation with Maurice H. Stans
-State Department
-John J. McCloy
-Resistance
-Statement to McCloy
-Resistance
-McKernan’s recommendation
-33-
NIXON PRESIDENTIAL LIBRARY AND MUSEUM
(rev. June-2010)
Conversation No. 867-19 (cont’d)
-Crowe’s appointment
-Denmark, Norway
-Stans
-Norway
Capital gains tax
-Treasury Department
-President's opposition
-John H. Alexander's opinion on effects of tax
-Legal estate
-Congress
-Demagoguery
-Business lobbying
-Wilbur D. Mills and Russell B. Long
-Target
-Senate Finance Committee
-Mills
-Estate tax
-President's opposition
-Treasury Department
-Support for estate tax
-Threat to free enterprise
-Entrepreneurship
-Great Britain
-Economic impact
-Opposition
-Family wealth
-Support for President
-Olin's wealth
-Personal compared to market value
-Effect of capital gains and estate tax
-Wealthy families
-Rockefeller, Ford
-Harm of tax
-Impact on estates, personal ambition, foundations
-Mills, Long
-Lobbying
-William J. Baroody, Jr.
-Reports on tax
-34-
NIXON PRESIDENTIAL LIBRARY AND MUSEUM
(rev. June-2010)
Conversation No. 867-19 (cont’d)
-Release
-Estate taxes
-Distribution to Congress members, press
-George P. Shultz’s testimony
-Ways and Means Committee
-Publicity
President’s Lunch in New York with Olin
-Recess
-President’s decision to campaign
-Olin’s advice on television [TV]
-TV debate with Kennedy in 1960
***************************************************************************
[Begin segment reviewed under deed of gift]
Olin’s home in Georgia
-President’s visit
-Hunting
-President’s visit to James Hanes place
-Quail symposium
-Olin’s return to Georgia
-Hunting
-Use of dogs
-Pointers
Dogs
-King Timahoe
-Irish setters, Labradors
-King Timahoe
-Age
-Olin’s kennels
-Championship dogs
-Labradors, springer spaniels
Olin’s acquaintance with Dwight D. Eisenhower
-Estate in Georgia
-Bob Woodruff
-35-
NIXON PRESIDENTIAL LIBRARY AND MUSEUM
(rev. June-2010)
Conversation No. 867-19 (cont’d)
-Pete Jones
-Spruce Springs
-President’s visit
James Hanes
-Friendship with Olin
Salmon fishing
[End segment reviewed under deed of gift]
*****************************************************************
Peanuts
-Importance to Georgia
-Shultz
-Trade negotiations [?]
-Export crop
-Organization of growers
-Hiring of Harry S. Dent
-Herman E. Talmadge
-Senate Finance Committee
-Shultz
-Influence
Olin left at 4:08 pm.Also recorded on March 2, 1973
- 867-017 3:33 PM · 43 sec — President Richard M. Nixon and unknown person(s) met in the Oval Office of the White House at an unknown time between 3:33 pm and 3:35 pm.
- 867-018 3:33 PM · 48 sec — President Richard M. Nixon, Stephen B. Bull, and Manolo Sanchez met in the Oval Office of the White House at an unknown time between 3:33 pm and 3:35 pm.
- 867-020 4:08 PM · 17 sec — President Richard M. Nixon and Stephen B. Bull met in the Oval Office of the White House at 4:08 pm.
- 867-021 4:08 PM · 2 min — President Richard M. Nixon, Stephen B. Bull, Edwin S. Cohen, and Mrs. Cohen met in the Oval Office of the White House at an unknown time between 4:08 pm and 5:05 pm.
- 867-022 4:08 PM · 2 min — President Richard M. Nixon, Harold Finger, and Mrs. Harold Finger met in the Oval Office of the White House at an unknown time between 4:08 pm and 5:05 pm.
- 867-023 4:08 PM · 2 min — President Richard M. Nixon, Stephen B. Bull, Robert C. Moot, and Mrs. Robert C. Moot met in the Oval Office of the White House at an unknown time between 4:08 pm and 5:05 pm.
- 867-024 4:08 PM · 1 min — President Richard M. Nixon, Stephen B. Bull, Richard F. Schubert, and Mrs. Richard F. Schubert met in the Oval Office of the White House at an unknown time between 4:08 pm and 5:05 pm.
- 867-025 4:08 PM · 5 min — President Richard M. Nixon, Charles L. Ill, and Stephen B. Bull met in the Oval Office of the White House at an unknown time between 4:08 pm and 5:05 pm.
Cite this conversation
Conversation 867-019, March 2, 1973. White House Tapes, Richard Nixon Presidential Library and Museum, National Archives. Audio and AI transcript via Easy Nixon, https://www.easynixon.org/tapes/867-019 (accessed September 18, 2026).