Conversation: 576-008Prev: 576-007 Next: 576-009
Start Date: 20-Sep-1971 9:52 AM
End Date: 20-Sep-1971 11:27 AM
Participants:Nixon, Richard M. (President); Haldeman, H. R. ("Bob"); Bull, Stephen B.; Connally, John B.; Sanchez, Manolo; White House operator; Petty, John R.; Banuelos, Romana A.; Ziegler, Ronald L.;
Recording Device: Oval Office
Full Tape Conversation Start Time: 04:08:00
Full Tape Conversation End Time: 05:41:39
On September 20, 1971, President Richard M. Nixon, H. R. ("Bob") Haldeman, Stephen B. Bull, John B. Connally, Manolo Sanchez, White House operator, John R. Petty, Romana A. Banuelos, and Ronald L. Ziegler met in the Oval Office of the White House from 9:52 am to 11:27 am. The Oval Office taping system captured this recording, which is known as Conversation 576-008 of the White House Tapes.
Nixon Library Finding Aid:
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.