510–5

Conversation No. 510-5

Date: June 2, 1971
Time: 4:38 pm - 5:42 pm
Location: Oval Office

The President met with John B. Connally and Alexander P. Butterfield at 4:38 pm

Connally's schedule
-John W. Byrnes
 11

NIXON PRESIDENTIAL MATERIALS STAFF

Tape Subject Log
(rev. 10/08)



Explorers

Butterfield left at an unknown time before 5:42 pm


Boy Scouts
-Connally's experience
-President's experience Conv. 510-4 (cont.)

Connally's previous Congressional testimony
-John D. Ehrlichman's opinion
-Revenue sharing
-Members
-James C. Corman
-Sam M. Gibbons
-John C. Watts
-Joe D. Waggonner
-James A. Burke
-United States Postal Service [USPS]

Revenue sharing
-Wilbur D. Mills
-Gerald R. Ford

Manolo Sanchez entered at an unknown time after 4:38 pm

Refreshments

Heroin


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

BEGIN WITHDRAWN ITEM NO. 7
[Privacy]
[Duration: 5s ]


END WITHDRAWN ITEM NO. 7

******************************************************************************
 12

NIXON PRESIDENTIAL MATERIALS STAFF

Tape Subject Log
(rev. 10/08)




Sanchez left at an unknown time before 5:42 pm

-Seizures

Eugene T. Rossides
-Role with Treasury Department
-Assistant Secretary for Enforcement, Tariff and Trade Affairs,
Conv. No.
and510-5
Operations
(cont.)

[The President talked with Ehrlichman at an unknown time between 4:38 pm and 5:42 pm]

[Conversation No. 510-5A]

Forthcoming drug abuse meeting
-Attendees
-Connally
-Rossides
-Number
-Location

[End of telephone conversation]

-Melvin R. Laird
-Service Secretaries
-Joints Chiefs of Staff
-John N. Mitchell
-Connally's schedule

Drugs
-Administration's forthcoming actions
-Dr. Jerome H. Jaffe
-Interdepartmental cooperation
-Department of State
-Department of Defense
-Department of the Treasury
-Department of Health, Education and Welfare [HEW]
-Employees
-Abuse in Vietnam
-Turkey
-Connally's forthcoming conversation with John N. Irwin, II
-William P. Rogers
-Possible economic arrangement with United States
 13

NIXON PRESIDENTIAL MATERIALS STAFF

Tape Subject Log
(rev. 10/08)




[The President talked with Ehrlichman at an unknown time between 4:38 pm and 5:32 pm]

[Conversation No. 510-5B]

-Forthcoming meeting
-Henry A. Kissinger
-Possible US economic arrangement Conv. No. 510-5 (cont.)
-State Department
-Problems
-Possible meetings

[End of telephone conversation]

-Cost
-Seizures of heroin by US agents
-Locations
-Possible jail sentences for pushers
-Recent seizures of heroin
-Producers
-Effect
-Investigation
-Awards for Customs agents

International economy
-Effect on US economy
-President’s forthcoming press conference
-Formation and development of EEC
-Kissinger
-Future prospects
-Britain, Japan, Australia
-EEC
 14

NIXON PRESIDENTIAL MATERIALS STAFF

Tape Subject Log
(rev. 10/08)



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

BEGIN WITHDRAWN ITEM NO. 2
[National Security]
[Duration: 21s ]


JAPAN Conv. No. 510-5 (cont.)


END WITHDRAWN ITEM NO. 2

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


-Canada
-Mexico, South America
-Differences with United States


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

BEGIN WITHDRAWN ITEM NO. 8
[National Security]
[Duration: 27s ]


MONETARY POLICY


END WITHDRAWN ITEM NO. 8

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


-Japanese exports
-Effect of allowing currencies to float
-Businessmen
-Time before Bretton Woods agreement
-Need to improve US trading position
-Willy Brandt's forthcoming visit to United States
-West German contribution to defense
 15

NIXON PRESIDENTIAL MATERIALS STAFF

Tape Subject Log
(rev. 10/08)




-Maintenance of US worldwide military commitments
-Effect of US tourism
-Charitable contributions by Americans
-US investments abroad
-Balance of payments deficits
-Canada, Japan, EEC
-Agricultural commodities Conv. No. 510-5 (cont.)
-Jobs
-World bank loan to Bolivia
-Connally's conversation with Robert Wyrostek [?]
-Expropriation of US property
-Pipeline to Argentina
-Peter G. Peterson, Rogers
-Kissinger
-Connally's forthcoming lunch with Robert S. Mcnamara June 3
-Expropriation of property
-Chile
-Salvador Allende
-Economic policy

National economy
-Connally's conversation with Arthur F. Burns
-Status of dollar
-Status of economy
-Inflation
-Productivity
-Congress's possible actions
-Public service jobs bill
-Ehrlichman's possible conversation with Connally
-Administration's bill
-Possible effects on unemployment
-Unemployment
-Political considerations
-Public service jobs bill
-Inflation
-Wholesale price index
-Food
-Unemployment, inflation
-Burns' views
-Inflation
-Possible wage-price freeze
 16

NIXON PRESIDENTIAL MATERIALS STAFF

Tape Subject Log
(rev. 10/08)




International situation
-Vietnam
-Peace negotiations
-US-Union of Soviet Socialist Republics [USSR] relations
-Anti-Ballistic Missiles Treaty [ABM]
-Effect on Berlin negotiations Conv. No. 510-5 (cont.)
-US-People’s Republic of China [PRC] relations

National issues
-Possible issue in 1972 election
-Long-range concerns
-1968 campaign
-Lyndon B. Johnson
-Hubert H. Humphrey
-Administration's possible actions
-Democrats' possible nominee
-Edmund S. Muskie
-Hubert H. Humphrey
-Edward M. (“Ted”) Kennedy
-Henry M. (“Scoop”) Jackson
-Wilbur D. Mills
-Jackson
-Foreign policy
-National economy
-Permissiveness
-Administration's possible actions
-George P. Shultz
-Ehrlichman
-Importance of President's re-election
-Connally's instructions to staff
Treasury Department
-Government reorganization
-Charles E. Walker
-Shultz

National economy
-Possible Wage-Price Board
-Effect
-Timing
-Inflation
 17

NIXON PRESIDENTIAL MATERIALS STAFF

Tape Subject Log
(rev. 10/08)



-Wage and Price freeze
-Unemployment
-US industry and business
-Interest rates
-Connally's speech to bankers in Europe
-David Rockefeller's reaction
-Interest rates
-Burns' reaction Conv. No. 510-5 (cont.)
-Interest rates
-Wage and price freeze
-Burns
-Timing and implementation
-Public service jobs bill
-Welfare recipients
-Connally’s upcoming conversation with Ehrlichman
-Value-added tax
-Property tax relief
-Revenue sharing
-Need for reduction
-Political effect
-Federal income tax credits
-Popular reaction toward taxation
-Action on President's domestic policy initiatives
-Predictions of economists
-Need for movement
-Pierre Rinfret's position
-Indicators
-California
-Size and importance
-Savings
-Inventories
-Stock market
-Issues
-Foreign affairs
-Kissinger, Rogers
-Japan, Chile
-Administration’s possible actions

May Day Demonstrations
-Ronald L. Ziegler's briefings
-Questions at President's previous press conference
 18

NIXON PRESIDENTIAL MATERIALS STAFF

Tape Subject Log
(rev. 10/08)



President's demeanor in press conferences
-Possible response to May Day questions
-Public's reaction

Cabinet
-Connally's reputation
-Mitchell
-Rogers Conv. No. 510-5 (cont.)
-Laird
-George W. Romney
-John A. Volpe
-Maurice H. Stans
-Elliot L. Richardson
-Clifford M. Hardin
-Walter J. Hickel

President's demeanor during crises
-May Day demonstrations
-Cambodia
-Attacks on enemies

Connally's schedule

Connally left at 5:42 pm