Conversation: 894-016
Prev: 894-015 Next: 894-017Start Date: 12-Apr-1973 4:00 PM
End Date: 12-Apr-1973 5:27 PM
Participants:
Nixon, Richard M. (President); Connally, John B.; Sanchez, Manolo;Recording Device: Oval Office
NARA Description:
On April 12, 1973, President Richard M. Nixon, John B. Connally, and Manolo Sanchez met in the Oval Office of the White House from 4:00 pm to 5:27 pm. The Oval Office taping system captured this recording, which is known as Conversation 894-016 of the White House Tapes.
Nixon Library Finding Aid:
Conversation No. 894-16
Date: April 12, 1973
Time: 4:00 pm - 5:27 pm
Location: Oval Office
The President met with John B. Connally.
Thomas G. Corcoran
-Benjamin Disraeli
-William Pitt
-Horace Walpole
-Gift to President
-Books
-Walpole
-Disraeli
-Appearance
-26-
NIXON PRESIDENTIAL LIBRARY AND MUSEUM
Tape Subject Log
(rev. February-2011)
Conversation No. 894-16 (cont’d)
-Service in Franklin D. Roosevelt’s administration
-Age
-Family
-Profession
-Law
-Clark M. Clifford
-Clients
-Washington gossip
-Relationship with Samuel J. Ervin, Jr.
-Relationship with Eastman [?]
President’s forthcoming energy message to Congress
-Deregulation of new gas
-Connally’s assessment
-Connally’s conversations
-Charles J. DiBona
-William E. Simon
-John D. Ehrlichman
-Research
-US Congress
-DiBona
-Leak of Bill to Connally
-Connally’s political advice
-Merits [?]
-Congressional consultation
-Max M. Fisher
-Alaska pipeline
-Rogers C. B. Morton
-Congressional bill
-President’s political assessment
Inflation
-Prices
-Beef
-World diet
-Rice
-London price
-27-
NIXON PRESIDENTIAL LIBRARY AND MUSEUM
Tape Subject Log
(rev. February-2011)
Conversation No. 894-16 (cont’d)
-Japan price
-European price
President’s forthcoming energy message
-Influence of big business
-Consultations
-Connally
-Whip
-William Simon
-Fisher
-Alaska pipeline
-Tariff program
-Independent refiners
-Presidential assessment
-US refining capacity
-Research
-Coal
-Nuclear energy
-Coal
-Environment
-Suspension of Environmental Protection Act
-Utilities’s use of coal
-Sulfur content of coal
-Environmentalists
-Automobile emmissions
-William D. Ruckelshaus
-Opposition to automobile manufacturers
-Mileage of Cadillac’s
-Price of gasoline
-Presidential work experience
-Availability of gasoline during Depression
-Gasoline industry
National economy
-Watergate
-Maintenance of boom
-1971
-28-
NIXON PRESIDENTIAL LIBRARY AND MUSEUM
Tape Subject Log
(rev. February-2011)
Conversation No. 894-16 (cont’d)
-Recession and inflation
-Boom
-Unemployment
-Percentages
-Retail sales
-Anti-inflation program
-Effects
-October, 1974
-Popular opinion
-Curbing inflation
-Need for freeze
-Trouble spots
-Wall Street
-Attitudes
-Relationships of problems
-Expectations of companies who went public
-Stocks
-Deflation of prices
-Securities and Exchange Commission’s [SEC’s] change in commission
procedures
-Stock sales
-Costs
-State of business
-1969 – 1970
-H. Ross Perot
-Volume of business
-Commissions
-Fear of possible tax bill
-Congress
-Minimum tax
-Capital gains taxes
-Presidential veto
-Estate tax
-Tax rates
-Wall Street’s fears
-National psychology
-President’s action on meat prices
-29-
NIXON PRESIDENTIAL LIBRARY AND MUSEUM
Tape Subject Log
(rev. February-2011)
Conversation No. 894-16 (cont’d)
-Effects
-Labor negotiations
-Export of beef
-Europe
-Brazil
-Exports
-Brazilian inflation
-Argentina
-Europe
-Ireland
-Japan
-Importation rates
-Comparison with lumber, commodities
-Selective price controls
-Congress’s intentions
-Economic Stabilization Act
-Price freezes and rollback
-Congressional votes
-Wright Patman
-Connally’s conversations with George P. Shultz and Simon
-Administration’s reaction
-Labor contracts
-President’s assessment
-Price freezes
-Bubble
-President’s long-term focus
-Consumer confidence
-Cars
-Meat
-Fear of unemployment
-Marie Antoinette
-Quality of White House staff in management of economy
-Shultz
-Telephone call to Connally
-John T. Dunlop
-Simon
-Herbert Stein
-30-
NIXON PRESIDENTIAL LIBRARY AND MUSEUM
Tape Subject Log
(rev. February-2011)
Conversation No. 894-16 (cont’d)
-Connally’s assessment
-Connally meeting with Shultz and Simon
-Characterization of the economy
-Public relations
-Lack of communication
-Pierre Rinfret
-Ehrlichman
-Phase I and Phase II
-Salesmanship
-Presidential appearance
-Connally
-Shultz
-Simon
-Stein
-Appearances
-Eliot Janeway’s predictions
-Impact
-Interest rates
-Bankers
-Arthur F. Burns
-Shultz
-James L. Robertson’s resignation from Federal Reserve
-Robert C. La Holland, staff director
-Qualities
-Support from Burns and Shultz
-Burns
-Relationship with Connally
-Treasury Department
-George W. Mitchell
-Qualities
-Age
-John C. (“Jack”) Sheehan
-Appointment
-Support for President
-Age
Presidential politics
-31-
NIXON PRESIDENTIAL LIBRARY AND MUSEUM
Tape Subject Log
(rev. February-2011)
Conversation No. 894-16 (cont’d)
-Ages of Ronald W. Reagan and Nelson A. Rockefeller
-Gen. Charles A. J. M. deGaulle, Konrad Adenauer
-Chou En-Lai
-Proper age
Proper age for Congress
-Norris Cotton
-Ideology
-Patman
-Vietnam
-Characterized
-Influence
Appointment to the Federal Reserve
-Sheehan
-Attributes
-Unidentified man
-University of California [?]
-Loyalty
-Holland
-Burns
Sub-cabinet officers
-Reorganization
-William P. Clements, Jr.
-Characterized
-Loyalty
-Elliot L. Richardson
Sheehan
-Loyalty
Manolo Sanchez entered at an unknown time after 4:00 pm.
Burns
-Money supply
-32-
NIXON PRESIDENTIAL LIBRARY AND MUSEUM
Tape Subject Log
(rev. February-2011)
Conversation No. 894-16 (cont’d)
Sanchez left at an unknown time before 5:27 pm.
William McChesney Martin, Jr.
-Responsibility for economy
-Federal Reserve
-Responsibility
President’s veto
White House party for Congressmen
-President’s veto
-Party for Congessmen
-Budget controls
-Popular opinion on government spending
-Opposition to increases
-Higher taxes
-Higher prices
-Conflict of ideas
-Aid for physically disabled
-Aid for poor
-Smaller government
-Caspar W. (“Cap”) Weinberger
Office of Economic Opportunity (OEO) dismantlement
-District Court’s decision
-Appeal
National Aeronautics and Space Administration [NASA]
-Alabama
-Continuance of NASA
Universities
-Financing
-Number of professors
-Stanford’s money-raising program
Government spending and higher taxes
-Programs
-33-
NIXON PRESIDENTIAL LIBRARY AND MUSEUM
Tape Subject Log
(rev. February-2011)
Conversation No. 894-16 (cont’d)
-Spending
[First name unknown] Clements
-Board chairman of Dr. Pepper
-Dallas salute to Prisoners of War [POWs]
-Leslie T. (“Bob”) Hope
-Press coverage
-Columbia Broadcasting System [CBS]
-American Broadcasting Company [ABC]
-Missing in Action [MIA] families
-State Governors
White House dinner for POWs
Dallas salute to POWs
-President’s schedule
-President’s opinion of POWs
-Invitation from Clements
Watergate
-Ervin Committee
-Administration’s plan for handling
-Facts of Watergate
-Federal Bureau of Investigation [FBI] reports
-White House staff involvement
-Involvement of Committee for the Re-election of the President [CRP]
-Jeb Stuart Magruder’s knowledge
-John N. Mitchell’s involvement
-President’s conversation
-Investigation
-Mitchell
-H. R. (“Bob”) Haldeman
-Charles W. (“Chuck”) Colson
-Mitchell’s involvement
-Campaign security
- G[eorge] Gordon Liddy
-Donald H. Segretti
-34-
NIXON PRESIDENTIAL LIBRARY AND MUSEUM
Tape Subject Log
(rev. February-2011)
Conversation No. 894-16 (cont’d)
-Campaign activities
-Dick Tuck
-Mitchell’s involvement
-Bugging reports
-Magruder’s possible testimony
-John D. Ehrlichman’s negotiations with Ervin and Howard H. Baker, Jr.
-White House staff testimony
-Colson
-John W. Dean III
-Haldeman
-President’s response to break-in
-Haldeman’s involvement
-Response to break-in
-Conversations with President
-Actions of burglars
-Lawrence F. O’Brien
-R. Spencer Oliver
-Public exoneration
-Ehrlichman’s negotiations with Ervin, Baker
-Campaign activities
-White House resolution for Watergate problem
-Grand Jury testimony
-Haldeman
-Conversations with Richard Kleindiest
-Dwight L. Chapin
-Gordon C. Strachan
-Segretti
-Magruder
-Mitchell
-Ervin’s interests
-Possible testimony by Haldeman before Ervin Committee
-John J. Sirica’s sentences
-Colson lie detector test
-Effects
-Mitchell and Magruder
-White House legal counsel
-Herbert W. Kalmbach’s involvement
-35-
NIXON PRESIDENTIAL LIBRARY AND MUSEUM
Tape Subject Log
(rev. February-2011)
Conversation No. 894-16 (cont’d)
-Leonard Garment
-Characterized
-Communication with lawyers for Mitchell and Magruder
-White House investigation
-Direction
-FBI and Department of Justice
-Decision on Haldeman’s possible testimony
-Grand Jury
-Magruder’s testimony
-Consultation with Garment
-Perjury charges
-Ehrlichman’s negotiations with Ervin
-Witness schedule
-James W. McCord, Jr.
-Haldeman, Colson, Dean
-Haldeman
-Possible public statement
-Conversation with John Connally
-Public statements
-Involvement
-Possible statement
-Chapin and Segretti
-Tuck
-Reasons
-Fear of violence by Democrats
-Republicans’ actions in campaign
-Democrats’ violence
-Effectiveness as public servant
-Connection between Segretti and Watergate
-Departure
-Dwight D. Eisenhower and Sherman Adams
-Effect on Presidency
-Current situation
-McCord’s possible testimony
-Effect
-Garment’s evaluation
-Republican leadership response
-36-
NIXON PRESIDENTIAL LIBRARY AND MUSEUM
Tape Subject Log
(rev. February-2011)
Conversation No. 894-16 (cont’d)
-Possible statement by Haldeman
-Possible testimony by Haldeman
-Executive privilege
-Effects
-Possible testimony of Liddy
-Liddy’s secretary
-Garment
-Outside lawyer
-Thomas E. Dewey
-Herbert Brownell
-Role
-Timing
-Charles A. Wright
-McCarthy hearings
-Joseph N. Welch
-Haldeman
-Lowell P. Weicker, Jr.
-Focus of investigation
-President
*****************************************************************
[Begin segment reviewed under deed of gift]
Connally’s schedule
-Meeting with Charles G. (“Bebe”) Rebozo
Connally’s political affiliation
-Current political situation
-President’s influence
-Effect on Watergate
-Delay of decision
-1976 Presidential race
-Edward M. (“Ted”) Kennedy
-Robert S. Strauss
-President’s support for Republican candidates
-Connally
-37-
NIXON PRESIDENTIAL LIBRARY AND MUSEUM
Tape Subject Log
(rev. February-2011)
Conversation No. 894-16 (cont’d)
-Nelson A. Rockefeller
-Ronald W. Reagan
-Age
-Spiro T. Agnew
-Agnew’s chances
-Honor of the Presidency
-Lies
-Connally
-Election against Kennedy
-Strength
-President’s support for Connally
-Switch of party affiliation
-Watergate Issue
-Implications
-Connally’s talk at Shreveport, LA., luncheon
-Democratic National Committee [DNC]
-Political ambition
-Watergate
-Duration and extent of investigation
-President’s involvement
-Haldeman
-Timing of change
[End segment reviewed under deed of gift]
*****************************************************************
Rebozo
-Howard Simons
-Jamaica
President’s schedule
-Easter weekend
-Florida
John Connally’s schedule
-Sheikh Ahmed ZakiYamani
-38-
NIXON PRESIDENTIAL LIBRARY AND MUSEUM
Tape Subject Log
(rev. February-2011)
Conversation No. 894-16 (cont’d)
-Saudi Arabia
-Oil
Connally left at 5:21 pm.