About this recording
468–15
- President Richard M. Nixon
- H. R. Haldeman
- Alexander P. Butterfield
- John B. Connally
March 16, 1971
Conversation No. 468-15
Date: March 16, 1971
Time: Unknown between 2:23 pm and 3:06 pm
Location: Oval Office
The President met with H. R. (“Bob”) Haldeman
President’s schedule
-John B. Connally
Daniel P. (“Pat”) Moynihan’s report
-Accuracy
-Businessmen
-Peter M. Flanigan
-Department of Justice [DOJ] antitrust actions
-Response of businessmen
-Business community
-Administration policies
-Need for White House response
Alexander P. Butterfield entered at an unknown time after 2:23 pm
President’s schedule
-Connally
32
NIXON PRESIDENTIAL MATERIALS STAFF
Tape Subject Log
(rev. 9/08)
Butterfield left at an unknown time before 2:25 pm
Moynihan’s letter
-Antitrust action report
-Vice President Spiro T. Agnew
-John N. Mitchell
-Relations with Mitchell
-Black Panthers Conv. No. 468-15 (cont.)
-[Forename unknown] Epstein story in The New Yorker
-Need for White House follow-up
-Harvard colleagues
-Response
-Professors
-Businessmen
-Need for White House response
-Public opinion
-White House staff efforts
The President left and Connally entered at 2:25 pm
[Unintelligible]
Haldeman left at 2:25 pm
The President entered at an unknown time after 2:25 pm
Whitney M. Young, Jr. funeral
-Connally’s possible attendance
-Cabinet attendees
-Connally’s acquaintance with Young
-President’s attendance
-Purpose
-Importance
-Reverend Martin Luther King, Jr.
-Blacks
-Edward W. Brooke
-Adam Clayton Powell, Jr.
-President’s recollections
Connally’s meeting with Arthur F. Burns
33
NIXON PRESIDENTIAL MATERIALS STAFF
Tape Subject Log
(rev. 9/08)
Airlines
-Connally’s meetings
-American companies
-British companies
-Concern for Lockheed
-Dan Hoffman’s role
An unknown person entered at an unknown time after 2:25 pm Conv. No. 468-15 (cont.)
Refreshment order
The unknown person left at an unknown time before 2:57 pm
Airlines
-Connally’s forthcoming meetings
-Eastern, Delta, Trans-World Airlines [TWA]
-Lockheed, Rolls-Royce, General Electric [GE]
-Possible effect
-Order level
-Lockheed’s financial position
-Number of orders
-Need for increases
-Possible Congressional action
-Connally’s meeting with Clark MacGregor, David Packard, Mitchell, and
Peter G. Peterson
-The President’s decision
-Administration strategy
-Employment
-Supersonic Transport [SST]
-Lockheed
-Timing
-Loan from Export-Import Bank
-Packard’s work at Department of Defense
-Internal Revenue Service refund
-Timing
-SST
-SST action in Congress
-Possible problem
-Lockheed collapse
-Charles H. Percy and William Proxmire
34
NIXON PRESIDENTIAL MATERIALS STAFF
Tape Subject Log
(rev. 9/08)
Isolationism
-President’s remarks in Cyrus L. (“Cy”) Sulzberger interview
-Isolationists
-Policies
-President’s comments
Foreign trade
-Dumping Conv. No. 468-15 (cont.)
-Treasury Department action
-Connally’s position
-Japan
-Textiles
-Connally’s conversation with Japanese businessmen
-Canon calculator
-Development
-Ministry for International Trade and Industry [MITI]
-Texas Instruments
-MITI actions
-Philosophy of international relations
******************************************************************************
BEGIN WITHDRAWN ITEM NO. 1
[National Security]
[Duration: 32s ]
JAPAN
END WITHDRAWN ITEM NO. 1
******************************************************************************
-Japan
-President’s view
-Connally’s negotiations
Banks
-A 1925 law on political contributions
35
NIXON PRESIDENTIAL MATERIALS STAFF
Tape Subject Log
(rev. 9/08)
-A DOJ suit in Ohio
-Frost National Bank of San Antonio loan
-Preston Smith supporter
-Banks’ actions
-Loans
-Report to DOJ
-DOJ action
-Connally’s discussion with Mitchell Conv. No. 468-15 (cont.)
-Connally’s meeting with Will R. Wilson
-Policy
-Administration’s position
-Connally’s view
-President’s view
-Past practices
-An unknown Republican in Illinois
-An unknown Democrat
-Effect on politicians
-William J. Casey confirmation
-Labor unions
-Borrowers
-Mitchell
-Connally’s instructions to Wilson
Agnew
-March 16, 1971 meeting with Connally
-Tax matters
-Research grants to universities
-Possible polls
Economy
-Dow-Jones average
-Industrial production
-Dow-Jones average as an economic indicator
-Business leaders
-Connally’s comments on “Meet the Press”
-Need for leadership
-A man in Houston [name unintelligible]
-Speech to business leaders
-Loans
-Money supply
-Inflation
-Increases in interest rates
36
NIXON PRESIDENTIAL MATERIALS STAFF
Tape Subject Log
(rev. 9/08)
-Loans
-Connally’s comments
-Compared with labor people
-Stock market
-President’s statement
-Connally’s former stocks
-Texas Instruments
-Halliburton Conv. No. 468-15 (cont.)
-Tyler Corporation
-Future Dow-Jones average
-Connally’s view
-General Motors, US Steel, Westinghouse, General Foods
-Connally’s friends on Wall Street
-Need for confidence
-White House policies
-President’s view
-Business community
-Business Council
-Interest rates
-Bankers
-Possible statement by President or Connally
-Reconstruction Finance Corporation
-Franklin D. Roosevelt
-Jesse H. Jones
-Herbert C. Hoover
Burns
-Action
-Support for Administration
-Inflation
-Interest rates
-Social Security
-Congress
-Investment tax credit
-A bill by Vance Hartke
-William McChesney Martin
-Possible meeting with President and Connally
-Relations with Connally
-Connally and Burns’ relations with Congress
-Relations with business community
-An unknown man
-Relations with George P. Shultz and Paul W. McCracken
37
NIXON PRESIDENTIAL MATERIALS STAFF
Tape Subject Log
(rev. 9/08)
-Possible action by President
-Previous talk with Connally
-Hartke’s bill
-Burns’ position
-Connally’s subsequent call to Shultz
-Importance
-Testimony in Congress
-Testimony Conv. No. 468-15 (cont.)
-Meetings with President
-Quadriad
-President’s position
-Forthcoming meetings
-Connally
-President
-Relations with Shultz, McCracken, and Connally
-Possible meeting with Connally
-Areas of jurisdiction
-Federal Reserve Board
-Wage and price policies
-Fiscal policy
-Budgetary input
-Monetary and fiscal policy
-Position on interest rates, Social Security
-Testimony in Congress
-Russell B. Long
-Social Security
-Revenue sharing
-Forthcoming meeting with Connally
-Interest rates
-Monetary supply position
-February figures
-Forthcoming meetings
-Connally
-President
-Actions
-Public comments
-Administration policies
-Shultz and McCracken
-Forthcoming meetings
-Connally
-President
-Previous Quadriad meeting
38
NIXON PRESIDENTIAL MATERIALS STAFF
Tape Subject Log
(rev. 9/08)
Butterfield entered at 2:57 pm
President’s schedule
-Cabinet meeting
-Connally’s entrance
Connally left at 2:57 pm Conv. No. 468-15 (cont.)
-William P. Rogers
-George W. Romney
-Shultz (?)
-Rogers
The President and Butterfield left at an unknown time before 3:06 pm
Date: March 16, 1971
Time: Unknown between 2:23 pm and 3:06 pm
Location: Oval Office
The President met with H. R. (“Bob”) Haldeman
President’s schedule
-John B. Connally
Daniel P. (“Pat”) Moynihan’s report
-Accuracy
-Businessmen
-Peter M. Flanigan
-Department of Justice [DOJ] antitrust actions
-Response of businessmen
-Business community
-Administration policies
-Need for White House response
Alexander P. Butterfield entered at an unknown time after 2:23 pm
President’s schedule
-Connally
32
NIXON PRESIDENTIAL MATERIALS STAFF
Tape Subject Log
(rev. 9/08)
Butterfield left at an unknown time before 2:25 pm
Moynihan’s letter
-Antitrust action report
-Vice President Spiro T. Agnew
-John N. Mitchell
-Relations with Mitchell
-Black Panthers Conv. No. 468-15 (cont.)
-[Forename unknown] Epstein story in The New Yorker
-Need for White House follow-up
-Harvard colleagues
-Response
-Professors
-Businessmen
-Need for White House response
-Public opinion
-White House staff efforts
The President left and Connally entered at 2:25 pm
[Unintelligible]
Haldeman left at 2:25 pm
The President entered at an unknown time after 2:25 pm
Whitney M. Young, Jr. funeral
-Connally’s possible attendance
-Cabinet attendees
-Connally’s acquaintance with Young
-President’s attendance
-Purpose
-Importance
-Reverend Martin Luther King, Jr.
-Blacks
-Edward W. Brooke
-Adam Clayton Powell, Jr.
-President’s recollections
Connally’s meeting with Arthur F. Burns
33
NIXON PRESIDENTIAL MATERIALS STAFF
Tape Subject Log
(rev. 9/08)
Airlines
-Connally’s meetings
-American companies
-British companies
-Concern for Lockheed
-Dan Hoffman’s role
An unknown person entered at an unknown time after 2:25 pm Conv. No. 468-15 (cont.)
Refreshment order
The unknown person left at an unknown time before 2:57 pm
Airlines
-Connally’s forthcoming meetings
-Eastern, Delta, Trans-World Airlines [TWA]
-Lockheed, Rolls-Royce, General Electric [GE]
-Possible effect
-Order level
-Lockheed’s financial position
-Number of orders
-Need for increases
-Possible Congressional action
-Connally’s meeting with Clark MacGregor, David Packard, Mitchell, and
Peter G. Peterson
-The President’s decision
-Administration strategy
-Employment
-Supersonic Transport [SST]
-Lockheed
-Timing
-Loan from Export-Import Bank
-Packard’s work at Department of Defense
-Internal Revenue Service refund
-Timing
-SST
-SST action in Congress
-Possible problem
-Lockheed collapse
-Charles H. Percy and William Proxmire
34
NIXON PRESIDENTIAL MATERIALS STAFF
Tape Subject Log
(rev. 9/08)
Isolationism
-President’s remarks in Cyrus L. (“Cy”) Sulzberger interview
-Isolationists
-Policies
-President’s comments
Foreign trade
-Dumping Conv. No. 468-15 (cont.)
-Treasury Department action
-Connally’s position
-Japan
-Textiles
-Connally’s conversation with Japanese businessmen
-Canon calculator
-Development
-Ministry for International Trade and Industry [MITI]
-Texas Instruments
-MITI actions
-Philosophy of international relations
******************************************************************************
BEGIN WITHDRAWN ITEM NO. 1
[National Security]
[Duration: 32s ]
JAPAN
END WITHDRAWN ITEM NO. 1
******************************************************************************
-Japan
-President’s view
-Connally’s negotiations
Banks
-A 1925 law on political contributions
35
NIXON PRESIDENTIAL MATERIALS STAFF
Tape Subject Log
(rev. 9/08)
-A DOJ suit in Ohio
-Frost National Bank of San Antonio loan
-Preston Smith supporter
-Banks’ actions
-Loans
-Report to DOJ
-DOJ action
-Connally’s discussion with Mitchell Conv. No. 468-15 (cont.)
-Connally’s meeting with Will R. Wilson
-Policy
-Administration’s position
-Connally’s view
-President’s view
-Past practices
-An unknown Republican in Illinois
-An unknown Democrat
-Effect on politicians
-William J. Casey confirmation
-Labor unions
-Borrowers
-Mitchell
-Connally’s instructions to Wilson
Agnew
-March 16, 1971 meeting with Connally
-Tax matters
-Research grants to universities
-Possible polls
Economy
-Dow-Jones average
-Industrial production
-Dow-Jones average as an economic indicator
-Business leaders
-Connally’s comments on “Meet the Press”
-Need for leadership
-A man in Houston [name unintelligible]
-Speech to business leaders
-Loans
-Money supply
-Inflation
-Increases in interest rates
36
NIXON PRESIDENTIAL MATERIALS STAFF
Tape Subject Log
(rev. 9/08)
-Loans
-Connally’s comments
-Compared with labor people
-Stock market
-President’s statement
-Connally’s former stocks
-Texas Instruments
-Halliburton Conv. No. 468-15 (cont.)
-Tyler Corporation
-Future Dow-Jones average
-Connally’s view
-General Motors, US Steel, Westinghouse, General Foods
-Connally’s friends on Wall Street
-Need for confidence
-White House policies
-President’s view
-Business community
-Business Council
-Interest rates
-Bankers
-Possible statement by President or Connally
-Reconstruction Finance Corporation
-Franklin D. Roosevelt
-Jesse H. Jones
-Herbert C. Hoover
Burns
-Action
-Support for Administration
-Inflation
-Interest rates
-Social Security
-Congress
-Investment tax credit
-A bill by Vance Hartke
-William McChesney Martin
-Possible meeting with President and Connally
-Relations with Connally
-Connally and Burns’ relations with Congress
-Relations with business community
-An unknown man
-Relations with George P. Shultz and Paul W. McCracken
37
NIXON PRESIDENTIAL MATERIALS STAFF
Tape Subject Log
(rev. 9/08)
-Possible action by President
-Previous talk with Connally
-Hartke’s bill
-Burns’ position
-Connally’s subsequent call to Shultz
-Importance
-Testimony in Congress
-Testimony Conv. No. 468-15 (cont.)
-Meetings with President
-Quadriad
-President’s position
-Forthcoming meetings
-Connally
-President
-Relations with Shultz, McCracken, and Connally
-Possible meeting with Connally
-Areas of jurisdiction
-Federal Reserve Board
-Wage and price policies
-Fiscal policy
-Budgetary input
-Monetary and fiscal policy
-Position on interest rates, Social Security
-Testimony in Congress
-Russell B. Long
-Social Security
-Revenue sharing
-Forthcoming meeting with Connally
-Interest rates
-Monetary supply position
-February figures
-Forthcoming meetings
-Connally
-President
-Actions
-Public comments
-Administration policies
-Shultz and McCracken
-Forthcoming meetings
-Connally
-President
-Previous Quadriad meeting
38
NIXON PRESIDENTIAL MATERIALS STAFF
Tape Subject Log
(rev. 9/08)
Butterfield entered at 2:57 pm
President’s schedule
-Cabinet meeting
-Connally’s entrance
Connally left at 2:57 pm Conv. No. 468-15 (cont.)
-William P. Rogers
-George W. Romney
-Shultz (?)
-Rogers
The President and Butterfield left at an unknown time before 3:06 pm