613–12

Conversation No. 613-12

Date: November 4, 1971
Time: 8:24 am - 9:50 am
Location: Oval Office

The President met with Charles W. Colson and George P. Shultz.

National economy
-Pay Board
-News stories
-News summaries
-Leonard Woodcock
-Business’s proposition
-Daniel L. Schorr's story
-Colson's meeting with Weldon L[amar] Mathis, teamster
-Schorr's story
-Paul A. Porter
-Administration strategy
-Possible agreement
-Administration strategy
-George Meany's possible action
-Arnold R. Weber
-Possible extension of freeze
-Duration
-Status of freeze
-Teachers
-Auto workers
-Colson's possible conversation with Jay Lovestone
-Rate of wage increase
-Consumer Price Index [CPI]
-Assumptions
-CPI
-Inflation

Alexander P. Butterfield entered at an unknown time after 8:24 am.

The President's schedule
 28

NIXON PRESIDENTIAL MATERIALS STAFF

Tape Subject Log
(rev. 10/06)
Conv. No. 613-12 (cont.)



The unknown man left at an unknown time before 9:14 am.

National economy
-Rate of wage increase
-Inflation
-Productivity
-Mathis
-Frank E. Fitzsimmons
-Views regarding Woodcock's formula
-Meany
-Pay Board
-Colson's conversation with Fitzsimmons
The President’s possible television appearance
-Schorr's story, November 3, 1971

Columbia Broadcasting System [CBS]
-Schorr
-Colson’s conversation with Frank Stanton
-Cable television
-Schorr

National economy
-Freeze
-Wholesale Price Index [WPI]
-Paul W. McCracken's analysis
-Interest rates
-Inflation
-New York Times story
-Automobile sales
-Wall Street Journal
-Unemployment
-Stock market
-Washington Post story
-Employment
-Seasonal
-The President’s conversation with Colson
-Private sector
-Unemployment
-Status
-Money supply
 29

NIXON PRESIDENTIAL MATERIALS STAFF

Tape Subject Log
(rev. 10/06)
Conv. No. 613-12 (cont.)


-Arthur F. Burns's view
-Shultz's call to Milton Friedman, November 3, 1971
-Federal Reserve Board [FRB]
-Freeze
-Effect
-Friedman’s view
-Extension
-Money supply
-Peter M. Flanigan's possible actions
-Call to brokers
-Burns
-Gustave L. Levy
-Bernard J. (“Bunny”) Lasker
-The President's possible memorandum to Burns
-Burns
-William Jennings Bryant
-Greenback Party
-Leonard S. Silk's article in the New York Times, November 3, 1971
-Colson's possible actions
-William L. Safire
-Silk
-Silk's article
-The President's forthcoming memorandum to Burns
-Silk's article
-Burns’s committee
-Interest rates
-Monetary school
-Decline
-Effect on money supply
-Economic indicators
-WPI
-CPI
-Inflation
-Burns
-Shultz's talk at Calvin Bullock Forum, November 4, 1971
-Pay Board
-Schorr's story
-Shultz's previous conversation with Stanton
-WPI
-Freeze
-Effect
 30

NIXON PRESIDENTIAL MATERIALS STAFF

Tape Subject Log
(rev. 10/06)
Conv. No. 613-12 (cont.)


-Inflation
-Economic expansion
-Money supply
-The President's forthcoming letter to Burns

The President dictated a letter to Arthur F. Burns at an unknown time between 8:24 am and 9:07
am.

[Conversation No. 613-12A]

National economy
-Money supply
-Silk's article
-Committee on interest rates
-Calls to the President
-Timing
-Quadriad meeting
-Wall Street
-FRB policy
-Comparison to 1959-60 period
-William McChesney Martin
-1960 election
-Elections
-Interest rates, cost of living
-Unemployment
-Inflation
-FRB
-Economic expansion
-1972
-Compared to 1960
-Distribution
-Quadriad
-John B. Connally
-Concerns
-Financial communities
-New York, Los Angeles, San Francisco, St. Louis, Chicago, Atlanta
-Silk

[End of dictation]

National economy
 31

NIXON PRESIDENTIAL MATERIALS STAFF

Tape Subject Log
(rev. 10/06)
Conv. No. 613-12 (cont.)


-Money supply
-Burns
-Effect on interest rates
-The President’s letter to Burns
-The President's letter to Burns
-Silk
-Burns's possible reaction
-The record
-Economic indicators
-The President’s conversation with Colson, November 3, 1971
-Shultz
-James D. Hodgson
-Status
-Stock market, WPI, retail credit, automobile sales, unemployment
-Burns
-Trade deficit
-Freeze
-Prices
-Unemployment
-Shultz's role
-Burns
-Budget
-Construction funds
-Caspar W. (“Cap”) Weinberger
-Third quarter statistics
-Retail sales figures for August
-Statistics
-Budgets during Lyndon B. Johnson's administration
-Importance
-Wilson Allen Wallis of the University of Rochester
-Schedule
-Indira Gandhi dinner
-The President
-Commission on Statistics report
-Economic indicators
-Third quarter
-Retail sales
-Inventories
-Trade
-Exports
-Gross National Product [GNP]
 32

NIXON PRESIDENTIAL MATERIALS STAFF

Tape Subject Log
(rev. 10/06)
Conv. No. 613-12 (cont.)


-Rates of increase
-Figures
-Money supply
-Retail sales

Butterfield entered at an unknown time after 8:24 am.

The President's schedule

Butterfield left at an unknown time before 9:07 am.


The President talked with an unknown man [H. R. (“Bob”) Haldeman?] at an unknown time
between 8:24 am and 9:07 am.

[Conversation No. 613-12B]

The President's schedule
-Rose Mary Woods

James R. (“Jimmy”) Hoffa

[William?] Loeb

[End of telephone conversation]

Robert H. Finch
-Forthcoming trip to Latin America
-Shultz's conversation with Nelson A. Rockefeller

Rose Mary Woods entered at an unknown time after 8:24 am.

The President's letter to Burns
-The President's review

Woods left at an unknown time before 9:07 am.

National economy
-Money supply
-The President's letter to Burns
Silk
 33

NIXON PRESIDENTIAL MATERIALS STAFF

Tape Subject Log
(rev. 10/06)
Conv. No. 613-12 (cont.)


-The President's friends in New York
-J. Donald Rollins
-Burns
-Elections
-Shultz's forthcoming conversation with Friedman
-Soviet corn deal
-Negotiations
-Status
-Possible announcement

Canada
-Negotiations with the US
-Paul A. Volcker
-The President's conversation with Henry A. Kissinger
-Peter G. Peterson and Shultz

Latin America
-Connally's schedule
-Proposed action
-Timing

Shultz left at 9:07 am.

Hoffa
-Loeb
-Clark Mollenhoff
-Relations with Colson
-Possible conversation with Colson
-Conditions
-Labor movement
-Parole
-Executive clemency
-Forthcoming book
-The President’s treatment of organized crime
-Possible conversation with Colson
-Parole Board
-Possible parole
-Summer 1972

National economy
-Money supply
 34

NIXON PRESIDENTIAL MATERIALS STAFF

Tape Subject Log
(rev. 10/06)
Conv. No. 613-12 (cont.)


-The President's letter to Burns
-Burns
-Trip to New York
-Calvin Bullock Forum
-Possible dinner
-Flanigan
-Flanigan’s call to Colson, November 4, 1971
-Colson
-New York
-Schorr

CBS
-Schorr
-Stanton

National economy
-Pay Board
-Schorr

Congress
-Clark MacGregor's views
-Press reports
-J. William Fulbright and Michael J. Mansfield

Haldeman entered at 9:14 am.

Public broadcasting
-Flanigan
-Congress
-Possible cut in funds
-Personnel changes
-Possible staff changes
-Frank Pace, Jr.
-John W. Macy, Jr.
-Pace
-Abuses
-Dossier
-Flanigan's schedule
-Pace, John D. (“Jack”) Wrather, Jr. and Fred? Coe
-Possible attacks
-Samuel L. Devine
 35

NIXON PRESIDENTIAL MATERIALS STAFF

Tape Subject Log
(rev. 10/06)
Conv. No. 613-12 (cont.)


-Investigation
-Clarence J. (“Bud”) Brown
-William J. Scherle
-Tricia Nixon Cox
-Funding
-Possible personnel changes

White House staff
-Russell E. Train's statement regarding environment and national security
-John D. Ehrlichman and John C. Whitaker
-Story
-Court
-Kissinger

Environment
-National security
-Environmentalists
-Train's statement
-Story

Shultz
-McCracken
-Hodgson
-Possible statement on national economy
-WPI

Vietnam
-Melvin R. Laird
-Casualty figures
-Casualties
-Reporting method
-Laird

National economy
-Possible news stories
-Money supply
-Automobile sales
-Psychological effect
-GNP
-Third quarter
-Shultz
 36

NIXON PRESIDENTIAL MATERIALS STAFF

Tape Subject Log
(rev. 10/06)
Conv. No. 613-12 (cont.)


-Money supply
-The President letter to Burns

Colson left at 9:20 am.

-Arthur B. Laffer
-Shultz
-Flanigan
-Burns
-Burns
-Visit to New York
-Money supply question


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BEGIN WITHDRAWN ITEM NO. 10
[Personal Returnable]
[Duration: 32s ]


END WITHDRAWN ITEM NO. 10

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The President's schedule
-Luis Echeverria Alvarez
-Houston
-State Dinner
-Miami
-Willy Brandt
-Echeverria
-State Dinner
-San Diego
-Washington, DC
-Houston
-Trip to the People's Republic of China [PRC]
-Theodore H. White
-Possible attendance
-Possible conversation with Ronald L. Ziegler
 37

NIXON PRESIDENTIAL MATERIALS STAFF

Tape Subject Log
(rev. 10/06)
Conv. No. 613-12 (cont.)


-Time-Life meeting
-Timing
-Decision regarding the President
-Henry A. Grunwald
-Hedley W. Donovan
-Newsweek

White House relations with press
-Time and Newsweek
-Supreme Court story
-Stewart J.O. Alsop
-Henry Hubbard
-Time magazine
-The President's conversation with Ehrlichman
-Supreme Court story

News magazines
-Effect of economic freeze
-Costs
-Press
-Escalators
-Pay rate

Foreign aid program
-The President's schedule
-Allen J. Ellender dinner
-Cooper-Church Amendment
-William P. Rogers
-White House reaction
-Committee bill
-Senate
-Vietnam
-Troop withdrawal rate
-The President's possible actions
-Mansfield breakfast
-MacGregor

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BEGIN WITHDRAWN ITEM NO. 3
[Personal Returnable]
 38

NIXON PRESIDENTIAL MATERIALS STAFF

Tape Subject Log
(rev. 10/06)
Conv. No. 613-12 (cont.)


[Duration: 26s ]


END WITHDRAWN ITEM NO. 3

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Administration staff
-Age
-Undersecretary of Agriculture
-Commerce
-Peter G. Peterson
-Compared to the President
-Mitchell
-Secretary of Agriculture
-Earl L. Butz
-Age
-Name
-Bryce N. Harlow
-Butz
-Qualities
-Harlow

National economy
-Figures

Stephen B. Bull entered at an unknown time after 9:20 am.

Unknown man [Kissinger?]
-Meeting with the President

Bull left at an unknown time before 9:35 am.

Kissinger
-Media
-United Nations [UN] vote on Taiwan
-Alexander M. Haig, Jr.
-Haldeman’s conversation with Kissinger
-Maxine Cheshire
-Haldeman’s conversation with Kissinger
 39

NIXON PRESIDENTIAL MATERIALS STAFF

Tape Subject Log
(rev. 10/06)
Conv. No. 613-12 (cont.)


-Julie Nixon Eisenhower

Vietnam
-Troop withdrawal
-Announcement

The President's schedule
-December 1971

White House staff
-Morale
-Colson
-MacGregor
-Donald H. Rumsfeld
-Wage and price boards
-Public reaction

Henry A. Kissinger entered at 9:35 am.

Memorandum

[Indira Gandhi]

Haig

Kissinger's schedule
-Florida
-Washington Star

The President's schedule
-Florida
-Mitchell
-Kissinger
-Schedule
-Haig
-W. Kenneth Riland
-Foreign policy concern

Rose Mary Woods entered at 9:37 am.

-Schedule
 40

NIXON PRESIDENTIAL MATERIALS STAFF

Tape Subject Log
(rev. 10/06)
Conv. No. 613-12 (cont.)


-Washington Star lunch


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BEGIN WITHDRAWN ITEM NO. 6
[Personal Returnable]
[Duration: 6s ]


END WITHDRAWN ITEM NO. 6

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-Florida
-Woods
-Riland

The President’s letter to Riland

Woods left at 9:39 am.

Haldeman left at 9:40 am.

India-Pakistan relations
-Pakistani military disposition
-Unilateral withdrawal
-The President's forthcoming conversation with Mrs. Gandhi
-Arms supply
-Agha Muhommad Yahya Khan's proposals
-Unilateral withdrawal
-Mujibur Rahman
-Possible meeting with Bangladesh leader
-US-Indian relations
-Diplomatic relations
-Treaty
-Ideals
-Progress, peace
-US objectives
-US actions
 41

NIXON PRESIDENTIAL MATERIALS STAFF

Tape Subject Log
(rev. 10/06)
Conv. No. 613-12 (cont.)


-Relief, civilian government, amnesty, unilateral withdrawal
-Soviet-Indian Friendship Pact
-India’s non-aligned status
-Possible conflict with Pakistan
-Gandhi's forthcoming conversation with Rogers, November 5. 1971
-Mujibur
-Release
-Possible effect
-Yahya Khan

The PRC
-Compared to Indians

Kissinger's dinner at Joseph W. Alsop's
-Henry M. (“Scoop”) Jackson
-Views regarding other Democrats
-Previous comments
-Timing
-Vietnam
-Edmund S. Muskie
-Foreign aid
-Comments regarding the President
-Stewart Alsop

Joseph Alsop
-Conversations with Kissinger
-Comments regarding the President
-Gerald R. Ford, Leslie C. Arends

The President
-Conversation with Josip Broz Tito
-Unknown writing

India-Pakistan
-Pakistani proposals
-International relief
-Amnesty
-Mujibur Rahman
-Civilian government
-Arms supply
-Unilateral withdrawal
 42

NIXON PRESIDENTIAL MATERIALS STAFF

Tape Subject Log
(rev. 10/06)
Conv. No. 613-12 (cont.)


-The President's forthcoming conversation with Gandhi
-Yahya Khan
-India's options
-Accommodation
-Compared to war


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BEGIN WITHDRAWN ITEM NO. 9
[National Security]
[Duration: 35s ]


INDIA-PAKISTAN RELATIONS


END WITHDRAWN ITEM NO. 9

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-Ganhi
-Indian press
-The President's forthcoming conversations with Gandhi
-Tone


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BEGIN WITHDRAWN ITEM NO. 11
[National Security]
[Duration: 24s ]


INDIA


END WITHDRAWN ITEM NO. 11

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 43

NIXON PRESIDENTIAL MATERIALS STAFF

Tape Subject Log
(rev. 10/06)
Conv. No. 613-12 (cont.)




Kissinger left at 9:50 am.