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Conversation: 867-019

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Start Date: 2-Mar-1973 3:35 PM

End Date: 2-Mar-1973 4:08 PM

Participants:

Nixon, Richard M. (President)Olin, John M.Sanchez, Manolo

Recording Device: Oval Office

867-019.mp3

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

                                  Tape Subject Log
                                    (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

                             Tape Subject Log
                               (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

                      Tape Subject Log
                        (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

                             Tape Subject Log
                               (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

                             Tape Subject Log
                               (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

                                      Tape Subject Log
                                        (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

                                        Tape Subject Log
                                          (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.