576-8

Conversation No. 576-8

Date: September 20, 1971
Time: 9:52 am - 11:27 am
Location: Oval Office

The President met with H. R. (“Bob”) Haldeman.

Schedule

Vice Presidency
-Spiro T. Agnew
-Handling
-Staff
-John D. Ehrlichman
-John B. Connally
-John N. Mitchell
-Bryce N. Harlow
 45

NIXON PRESIDENTIAL MATERIALS STAFF

Tape Subject Log
(rev. 10/06)



News stories
-Attica prison riots
-Connally's negotiations in Europe
-Trade balance
-Look magazine
-Cover and excerpt
-Allan S. Drury's book [Courage and Hesitation]
-The President's news conference
-Magazine coverage
-US News and World Report

Bowling photograph

Stephen B. Bull entered at an unknown time after 9:52 am.

Connally

Bull left at an unknown time before 10:03 am.

News stories
-Bowling photograph
-Effect of the President's bowling alley visit with champions
-Phase II and economic focus
-Press conference report

Flies in Oval Office

The President's schedule
-Forthcoming meeting with White House Fellows
-Fellows
-Identity

Connally
-The President’s recent conversation
-Press

Connally entered at 10:03 am.

Oval Office
-Flies
-Open door
 46

NIXON PRESIDENTIAL MATERIALS STAFF

Tape Subject Log
(rev. 10/06)
Conv. No. 576-8 (cont.)



Haldeman left at 10:04 am.

Manolo Sanchez entered at an unknown time after 10:03 am

Flyswatter

Sanchez left an unknown time before 11:27 am.

Oval Office
-Flies
-Enclosed spaces
-Airplanes, offices, bedrooms

Phase II
-Cost of Living Council [COLC]
-Projected October announcement
-Handling
-Possible press conference by the President
-Possible press conference by Connally
-Timing
-Announcement
-US-Soviet Union summit
-Comparison with US-People's Republic of China [PRC] summit
-Announcement
-Timing
-Deadline of weekly news magazines
-Wage and -Price Board
-Industries
-Guidelines
-Coordination with Herbert Stein, Paul W. McCracken, George P. Shultz
-Follow-up
-The President's trip to Alaska
-Time of return
-Announcement
-Deadline

International economy
-Connally's trip abroad
-The President's appearance before the Detroit Economic Club
-Forthcoming paper
 47

NIXON PRESIDENTIAL MATERIALS STAFF

Tape Subject Log
(rev. 10/06)
Conv. No. 576-8 (cont.)


-US stance vis-a-vis rest of the world
-Trade
-International Monetary Fund [IMF]
-Surcharge
-Import surcharge
-Import restrictions by other nations
-Import restrictions by other nations
-Removal of capital controls
-Currency exchange
-France, Belgium
-Marketplace
-Dollar
-Japanese yen
-German mark
-British pound
-Controls
-European views
-Viewpoints of the US
-US response
-Financial leaders
-David Rockefeller
-IMF meeting
-Soviet Union, PRC
-Monetary policy
-European allies trade
-Fidel Castro
-Soviet Union, Eastern European countries
-Romania, Czechoslovakia
-Amount
-Compared to US
-Structure of IMF
-Possible strategy
-Exchange rates
-Price of gold
-Import surcharges
-Duration
-Sharing of defense burden
-Linkage
-Two tier controls
-Belgium, France
-US past action
 48

NIXON PRESIDENTIAL MATERIALS STAFF

Tape Subject Log
(rev. 10/06)
Conv. No. 576-8 (cont.)


-US rehabilitation of countries
-Political and economic standpoints
-Structure of IMF
-Effects on US
-The President's attendance
-Number of nations and representatives attending
-Reception
-The President's view
-Schedule
-Importance of the President's appearance
-Finance ministers
-Central bankers
-Meeting
-Those attending
-White House reception
-Arthur F. Burns
-Central bankers
-Connally, Idanell (“Nellie”) Connally, Thelma C. (“Pat’) Nixon
-The President's role
-The President's schedule
-Possibilities
-The President's speech
-Reception schedule
-Haldeman
-Paul A. Volcker, Peter G. Peterson, Shultz
-Trade
-Domestic and international issues
-Surcharges
-Canada, Mexico
-Quotas
-General Agreement on Tariffs and Trade [GATT]
-Japan
-Germans
-Japan
-Possible quotas
-Automobiles
-Textiles
-Electronics
-Mexico, Canada
-Press initiative
-European views
 49

NIXON PRESIDENTIAL MATERIALS STAFF

Tape Subject Log
(rev. 10/06)
Conv. No. 576-8 (cont.)


-US solutions to problems
-Handling of import surcharge
-Negotiation on gold price
-IMF view
-Connally's statement
-Political considerations
-Reasons for imposition of surcharge
-US balance of payments
-1964 imposition of surcharge by Great Britain
-Import and export taxes
-Gold
-The President's august 15 speech announcing wage and price
action
-Congress
-Solution of issue
-Speeches
-International economic stability and world trade
-US action
-Protectionism
-Resources expended
-Economic
-Military
-Negotiations
-Burns
-Views
-US interests
-Karl Klasen, Oliver B. Wormser
-Organization for Economic Cooperation and Development [OECD]
-Balancing of payments problem
-Figure
-Burns
-Rockefeller
-Possible meeting with the President
-The President's Detroit economic club appearance
-Current situation
-Brazil
-Soviet Union
-PRC
-Belgium
-Holland
-Switzerland
 50

NIXON PRESIDENTIAL MATERIALS STAFF

Tape Subject Log
(rev. 10/06)
Conv. No. 576-8 (cont.)


-Troika meeting
-Federal Reserve Board [FRB], Treasury Department
-Schedule
-National Security Council [NSC] meeting
-Conversation with Connally
-State Department
-Nathaniel Samuels
-Reception for IMF
-President’s remarks
-Size
-White House
-Finance Minister, bank governors
-Handling
-Speech
-Connally's role
-The President’s forthcoming trip to Detroit

The President's schedule
-IMF meeting
-Phase II action
-Decisionmaking
-October 1

Robert S. McNamara
-Term as World Bank President
-Barry M. Goldwater’s views
-The President’s view
-Handling
-Connally's possible action
-Henry A. Kissinger
-Political opposition
-Pentagon Papers
-Kissinger
-Quid pro quo
-Pakistan
 51

NIXON PRESIDENTIAL MATERIALS STAFF

Tape Subject Log
(rev. 10/06)
Conv. No. 576-8 (cont.)


Armand Hammer
-Support for the President
-Offer of financial contribution
-Hammer's father
-Hammer's actions in the Soviet Union
-Wheat shipment into the Soviet Union
-Money for medical school
-Pharmaceutical business
-Wheat shipments
-Hospitals
-Soviet trade
-Vladimir I. Lenin
-1923-1925
-Investments
-Education
-Pencil manufacturing
-Germans
-Anastas Mikoyan, Lenin, Nikita S. Khrushchev
-Art collection
-Los Angeles Music Center
-Hammer Galleries

The President’s schedule
-IMF reception
-Planning
-Haldeman
-Treasury Department
-John R. Petty

Connally talked with the White House operator at an unknown time between 10:03 am and 10:50
am.

[Conversation No. 576-8A]

[See Conversation No. 9-88]

[End of telephone conversation]

Connally's appearance

Haldeman entered at 10:50 am.
 52

NIXON PRESIDENTIAL MATERIALS STAFF

Tape Subject Log
(rev. 10/06)
Conv. No. 576-8 (cont.)



The Administration’s economic program
-Critics

President’s schedule
-October 1971
-Florida
-IMF program
-The President's speech
-Reception

Connally talked with the White House operator at an unknown time between 10:50 am and 11:23
am.

[Conversation No. 576-8B]

[See Conversation No. 9-89]


[End of telephone conversation]

Schedule

Connally talked with Petty at an unknown time between 10:03 am and 11:23 am.

[Conversation No. 576-8C]

[See Conversation No. 9-90]

[End of telephone conversation]

IMF reception
-Location
-Smithsonian Institution

The White House operator talked with Connally at an unknown time between 10:50 am and
11:23 am.

[Conversation No. 576-8D]

[See Conversation No. 9-91]
 53

NIXON PRESIDENTIAL MATERIALS STAFF

Tape Subject Log
(rev. 10/06)
Conv. No. 576-8 (cont.)



[End of telephone conversation]

Schedule
-IMF reception
-The President's speech
-Guests list
-Itinerary

The President's schedule
-Petty
-IMF reception
-Burns
-NSC meeting
-Quadriad meeting
-Reception
-The President's possible speech
-Quadriad
-Burns
-Shultz
-Peter M. Flanigan
-The President's briefing of the press during trip to the West
-Connally's schedule
-Appointments
-Japanese
-Anthony Barber
-Shultz

Connally's schedule
-Senate Finance Committee
-Russell B. Long's views
-Burns's role
-J. William Fulbright's committee
-Views of Congressmen and Senators
-Jacob K. Javits
-Armand Hammer
-Offer of financial contribution
-Haldeman
-Herbert W. Kalmbach
-Possible motivation
-State dinner
 54

NIXON PRESIDENTIAL MATERIALS STAFF

Tape Subject Log
(rev. 10/06)
Conv. No. 576-8 (cont.)


-Job for Sam Yorty
-Overseas problems

Bull entered at an unknown time after 10:50 am.

The President's schedule
-Romana Acosta Banuelos
-Entrance
-Press

Bull left at an unknown time before 11:08 am.

Economy
-Public opinion
-Foreign aid reduction
-Surcharge

Haldeman left and Romana Acosta Banuelos and Stephen B. Bull entered at 11:08 am.

Introductions
-Connally

Romana's Mexican Food Products, Inc.
-California
-Mrs. Banuelos's roles
-Chairman of bank board
-Pan American Bank National Bank of East Los Angeles

Press picture

Banuelos
-Offices
-Treasury Department building

Mary T. Brooks
-Director of the Mint
-California
-Marriage to C. Wayland Brooks
-Death of C. Brooks
-Involvement in Republican politics
 55

NIXON PRESIDENTIAL MATERIALS STAFF

Tape Subject Log
(rev. 10/06)
Conv. No. 576-8 (cont.)


Banuelos's background

Press
-Photographs
-Arrangements

Bull left at an unknown time before 11:15 am.

Banuelos's family
-Daughter
-Move to Washington
-Sons

Ronald L. Ziegler entered at an unknown time after 11:08 am.

Photograph
-Arrangements

Dollar bill
-Banuelos’s signature
-Secret Service

Members of the press entered at 11:15 am.

[Photographs]
-[General conversation]

Members of the press left and Alexander Banuelos entered at 11:18 am.

Pen
-Community State Bank of Texas

Banuelos's daughter

[Photographs]

Banuelos's children
-Presidential gifts

Banuelos
-As Treasurer-designate of the US
 56

NIXON PRESIDENTIAL MATERIALS STAFF

Tape Subject Log
(rev. 10/06)
Conv. No. 576-8 (cont.)


-Reasons for selection
-Qualifications
-Background
-Hispanic ethnicity
-California
-The President's experiences in Whittier, Yorba Linda
-Philip V. Sanchez
-Office of Economic Opportunity [OEO]

Connally, the Banuelos, Bull, et al. left at 11:23 am.

Supreme Court appointment
-Women's National Caucus
-Use of phrase best man
-Ziegler's talk with the Attorney General in response
-Choices
-Women as candidates
-Previous statement about appointment of only people sitting on the bench
-Carroll Kilpatrick's report
-Criteria
-Legal philosophy
-Strict constructionism
-Qualifications
-Felix Frankfurter
-Professional background
-John M. Harlan
-Background as lawyer
-Outstanding lawyers from the Bar
-Candidates
-Number
-Possible questions for Ziegler about Harlan
-Resignation

Other news
-Banuelos

Vietnam
-Demonstrations
-Period after November 15
-The President's action
 57

NIXON PRESIDENTIAL MATERIALS STAFF

Tape Subject Log
(rev. 10/06)
Conv. No. 576-8 (cont.)


Ziegler left at 11:27 am.