Date: September 7, 1972

Time: 10:41 am – 12:22 pm.

Location: Oval Office

The President met with George P. Shultz and Stephen B. Bull.

Bull left at an unknown time before 11:48am.

Greetings

Secret Service protection for Edward M. Kennedy

-Shultz’s role

-Alexander P. Butterfield’s role

-Details concerning coverage

-Campaign activities

-Type of coverage

-Rationale

-Federal Bureau of Investigation [FBI]

-Security for Israelis during visits to US

-Legal implications of coverage

-Eugene T. Rossides

-The President’s instructions

-Threatening letters to Kennedy

-Public figure

-The President’s order

-Termination of detail

-Butterfield’s role

John D. Ehrlichman entered at an unknown time after 10:41 am.

-Details of coverage

-Shultz

-Legal details of coverage

-Other public figures and Secret Service protection

11

NIXON PRESIDENTIAL MATERIALS STAFF

Tape Subject Log

(rev. Oct-06)

-John E. Schmitz and Thomas J. Anderson

-Coverage by Secret Service

-Advisory committee ruling

-George C. Wallace

-George H. Gallup and Louis P. Harris polls

-Vote percentage

-H.R. (“Bob”) Haldeman’s recommendation

-Dr. Benjamin (McLane) Spock

-Secret Service reactions

-Type of crowds

-Shultz’s upcoming conversation with Kennedy

-Threats received

-Secret Service protection

-Threats

-Mail

-Amount in comparison to other public officials

-Mail

-Kennedy’s request

Presidential gifts to Shultz from the President

-Watch

-Four leaf clover

-Gift from Shultz to the President

-Watch

-Monetary bills

-Shultz’s signature

-Specific identifying dates

-Highlights of the President’s career

1972 Presidential Campaign

-Secret Service protection

-Kennedy

-Campaigning with George S. McGovern

-Effect on crowds

-McGovern

-Increase of communications within Secret Service staff

-Type of communications network

-Shultz’s analysis

-Republican National Convention

-Testifying before committee

-Candidates and primary candidates

-Organization of schedule by Secret Service

12

NIXON PRESIDENTIAL MATERIALS STAFF

Tape Subject Log

(rev. Oct-06)

-Secret Service

-James J. Rowley

-Meetings with Shultz

-Screening individuals

-Director of Secret Service

-Replacement

International economic policies

-Reform

-International Monetary Fund [IMF]

-Previous meeting in San Clemente

-US policy

-Milton Friedman

-Meetings between Shultz, Arthur F. Burns, Herbert Stein, William P.

Rogers and Peter M. Flanigan

-John B. Connally

-Discussion with Shultz

-Henry A. Kissinger

-Foreign policy and monetary affairs

-Actions by Shultz

-Shultz and Connally

-Convertibility issues

-The President’s view

-International bureaucracy

-Wall Street role

-Effect

-Meeting between Shultz and Friedman

-US attitude toward foreign countries

-The President’s view

-Domestic concerns

-Formulated plan by Shultz and Friedman

-Smithsonian Agreement convertibility rates

-Central values

-Percentages

-Problems

-Changing central value

-French Franc

-Japanese Yen

-Disappearance of reserves

-Problem of August 15, 1971

-Need for flexibility

-National reserves

13

NIXON PRESIDENTIAL MATERIALS STAFF

Tape Subject Log

(rev. Oct-06)

-Importance of monitoring reserve condition

-Currency fluctuations

-Indication of central rate

-Decreasing reserves

-Actions by country

-Changing central rate

-Accumulating reserves

-Japan

-Trade and exchange rate

-Principle of symmetry

-Importance of adjustments

-Central value link with movement of reserves

-Currency convertibility

-Effect on reserves

-Results

-Shultz’s view

-Automatic actions in system

-Possible effect

-Currency speculation

-Possible solutions

-Rules in zones

-Provisions other than exchange rate changes

-Monetary system responsibilities

-Connally’s view

-Europe

-Japan and exports

-Import surcharge

-Adjustment process and exchange rate

-Administration of General Agreement on Tariff and Trade [GATT]

-Relationship between IMF and GATT

-Shultz’s view

-Burns

-Connally’s concept

-US position

-Basic system of currency convertibility

-Floating currency option

-Canada

-Floating currency

-“Clean float”

-Market forces

-Intervention

-Reserves

14

NIXON PRESIDENTIAL MATERIALS STAFF

Tape Subject Log

(rev. Oct-06)

-Revaluation

-Unit rule

-Group of countries forming monetary union

-Europe

-Common market

-Provision by US

-The President’s appearance before the IMF

-Stein

-Draft speech of points

-Three points

-Importance of peace

-Economic expansion

-Inflation

-Resolution of international trade and currency issues

-The President’s actions

-Recommendations by the Secretary of Treasury

-Basic plan for US

-Connally

-Kissinger

-Burns

-Flanigan

-Rogers

-The President’s statement before IMF

-World markets

-US position

-US markets

-The President’s view

-Effects

-Stability

-Intervention

-Possible reaction abroad

-US plan

-US domestic considerations

-Hobart Rowen’s view

-Edward Dale

-The President’s view

-Favorability

-Press conference

-Wall Street Journal

-Briefings

-Burns

-The President’s decision

15

NIXON PRESIDENTIAL MATERIALS STAFF

Tape Subject Log

(rev. Oct-06)

-Financial people

-Former Secretaries of Treasury

-Academic economists

-Pierre Rinfret

-Friedman

-Leaks

-Exchange rates

-US position

-Smithsonian Agreement rate

-1972 election

-International economic situation

-Kissinger

-Other countries in relationship with US

-France

-Increase in price of gold

-Possible effect on markets and Great

Britain

-West Germany

-Alden W. Clausen

-Burns

-Helmut Schmidt

-Common Market actions

-Great Britain

-Formation of gold bloc by Europeans

-Official price compared with higher price

-US reaction

-Position on monetary reform

-Gold

-US position

-Role of gold in world markets

-Rate of supply and rate of demand within industry

-Buying and selling outside of market

-Long term monetary reform discussions

-Raising price by common market

-US position

-Effect on France

-Selling of gold by US

-Effect on France

-US industries

-Buying and selling gold

-Gold market in Europe

16

NIXON PRESIDENTIAL MATERIALS STAFF

Tape Subject Log

(rev. Oct-06)

US economic policies

-Forthcoming IMF meeting

-The President’s statement to the IMF

-Shultz’s view

-Wage and price issue

-Automobile companies

-Stein, Donald H. Rumsfeld

-Plan for wage and price issue

-1973 collective bargaining negotiations

-Consumer Price Index [CPI]

-Rowen’s view

-Collective bargaining

-Pay Board

-Price Commission

-Forthcoming Labor-Management meeting

-Timing

-1972 election

-Economy, preview budget, future outlook

-Announcement by the President

-Christmas season

-Retention of economic control boards and commissions

-Continuation of economic control measures

-Internal Revenue Service [IRS]

-Cost of Living Council [COLC]

-Structure

-Construction industry effort as entity

-Secretary of Labor

-Health industry

-COLC

-Individual cases

-Structure of formal control

-Changes

-Freemarket situation

-First part of the President’s administration

-Authority to impose wage and price controls

-Shultz’s view

-Time period framework

-Congress

-Korean War period

-Wage and price problem

17

NIXON PRESIDENTIAL MATERIALS STAFF

Tape Subject Log

(rev. Oct-06)

-Lack of control

-Freeze

-Wage and price control

-The President’s actions

-COLC

-The President’s view

-Future problems

-Actual effect

-Labor

-Business

-New Commission on Industrial Peace

-George Meany

-Speech

-Press confrontation

-COLC

-Controls

-Further controls

-The President’s view

-Legislation

-Labor contracts

-Price contracts

-Stipulations

-Possible change in mechanism

-Income taxes

-Treasury Department

-Connally

-Short form for income tax filing

-Timing

-Requests for public comments

-Effect

-Sears, Roebuck and Company

-Support

-Connally

-Minimum taxes

-The President’s policies

-1969

-Rationale

-Congress’s reaction

-Revenue gains

-Shultz’s view

-Tax increase

18

NIXON PRESIDENTIAL MATERIALS STAFF

Tape Subject Log

(rev. Oct-06)

-Tax shelters

-The President’s proposal

-Property taxes

-Importance

-Increase in taxes

-Value added tax [VAT] and income tax

-Minimum tax

-Alcohol tax

-Dollar basis

-Property tax

-Homeowners

-Elderly homeowner

-Lower incomes

-Potential benefits

-Effect

-Amounts

-Plan for elderly

-Tax forms

-Shultz’s view

-Education financing

-Revenue sharing legislation

-Piggyback concepts

-Need for incentives

-Education financing

-Escalation idea

-Connally

-Friedman

-Government revenue increases

-Use

-Spending

-Shultz’s view

-Friedman

-Government size

-Relationship of government size to tax amount

-Presidents and Chairmen of Ways and Means Committee

-Systematic system

-Annual process

-Tax system

-Wilbur D. Mills

-Budget

-Tax cut

19

NIXON PRESIDENTIAL MATERIALS STAFF

Tape Subject Log

(rev. Oct-06)

-Personal income

-Amount of money

-Effect of rate of inflation

-Percent of increase in taxes

-Growth of economy

-Productivity

-Inflation

-Federal tax increase

-Increase of economy

-Workforce

-Increase of productivity

-Increase of inflation

-Capital income basis

-Real income

-Increase in percentage

-Reasons

-Amount of money growth per year

-Higher incomes and higher tax brackets

-Inflation

-Rate of tax increase

Bull entered at an unknown time after 10:41 am.

The President’s schedule

-Forthcoming meeting with Connally, James Roosevelt and

John A. Roosevelt

Bull left at an unknown time before 11:48 am.

US economic policies

-Connally

-The President’s view

-Taxes on alcohol

-Percentage of drinkers in US

-Christian Scientists, [Church of Jesus Christ of Latter Day Saints],

Mormons

-Property taxes

-$50,000 or more tax bracket

-$25,000 tax bracket

-Minimum taxes

-Connally

20

NIXON PRESIDENTIAL MATERIALS STAFF

Tape Subject Log

(rev. Oct-06)

-Possible effect

-Tax reform

-Property tax

-Poor

-Reductions

-Elderly

-Poor

-Office of Economic Opportunity [OEO] bill

-Blue collar workers

-Effect of taxes

-The President’s view

-Friedman’s plan

-The President’s view

-Reduction of government spending

-Percent of budget

-Effect

-National debt

-Inflation

-Social Security

-Size of government

-White House staff

-Government agency staffs

-Reductions

-Government programs

-Limit

-Friedman’s plan

-Government spending

-Four year plan

-Goals

-Taxes

-Alcohol

-Minimum tax

-Connally

-Poor compared to rich

-The President’s previous speech

-Patrick J. Buchanan

-Piggyback idea

-The President’s view

-Tax increases

-Administrative means

-State compared with government needs

21

NIXON PRESIDENTIAL MATERIALS STAFF

Tape Subject Log

(rev. Oct-06)

An unknown person entered at an unknown time after 10:41 am.

Connally

-The President’s schedule

-Connally, James Roosevelt and John Roosevelt

The unknown person left at an unknown time before 11:48 am.

US economic policies

-Discussion between Ehrlichman, Shultz and Connally

-Minimum tax

-Congress

-Actions in 1969

-Administration’s opposition to tax loopholes

-Capital gains taxes

-The President’s view

-Charles G. (“Bebe”) Rebozo

-Stock

-Source of money

-Application of tax rate

-Effect

-Taxes

-Social purpose

Connally, James Roosevelt, and John Roosevelt entered at 11:48 am.

Greetings

-California

Introductions

Discussion of economics

-Ehrlichman and Shultz

-Date of upcoming meeting

Ehrlichman and Shultz left at 11:50 am.

US foreign economic policies

-IMF meeting

-Speech and appearance by the President

22

NIXON PRESIDENTIAL MATERIALS STAFF

Tape Subject Log

(rev. Oct-06)

-Current economic plan

-Former Secretaries of Treasury

-Forthcoming meeting with the President

-Connally

-Shultz

-Haldeman

-Press story on wage and price controls

-Connally

-Burns

Oliver F. (“Ollie”) Atkins

-Photographs

-Press photographs

-Seating arrangements

Members of the press entered at 11:51 a.m.

[General conversation]

Earl Warren

-Press article

Members of the press left at 11:52 am.

Julie Nixon Eisenhower

Franklin D. Roosevelt

-Movie Crusade in Europe

-Dwight D. Eisenhower

-Franklin Roosevelt’s Declaration of War speech

-The President’s recollection

-Speech on drawing the first draft number

-Television

-Compared to radio

-Appearance

-The President’s view

-Speaking ability

-Type of voice

-Connally

-Type of manner

-George S. McGovern

23

NIXON PRESIDENTIAL MATERIALS STAFF

Tape Subject Log

(rev. Oct-06)

-1932 compared to 1972

-New York Times

-The office of the presidency

-Effect on Franklin Roosevelt

-Pictures of Roosevelt at beginning of presidency and at end

-Public knowledge of Roosevelt’s health

-Roosevelt’s voice

-Health

-1944 Presidential campaign

-Picture of Roosevelt

-Brooklyn, New York

-Weather

-Sons

-Train trip

-San Diego

-San Clemente

-Roosevelt’s trip

-Southern Pacific Railroad

-The President’s residence at San Clemente

-Henry Hamilton Cotton

-Poker

-The President’s preference

-Wild cards

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BEGIN WITHDRAWN ITEM NO. 4

[Personal returnable]

[Duration: 3m 59s ]

END WITHDRAWN ITEM NO. 4

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

Possible roles for the Roosevelts

-US bicentennial celebration

-Tourism

-Europe

24

NIXON PRESIDENTIAL MATERIALS STAFF

Tape Subject Log

(rev. Oct-06)

-Japan

-Tourist trade in Hawaii, Guam, Pacific Islands

-Japan influence

-West German tourists

-The President’s conversation with Connally

-The two Roosevelt sons

-Possible ambassador positions

-State Department officials

-The President’s view

-Duties as an ambassador

-Responsibilities to the President

-Africa

-1 term appointments

st

-1972 election

-The President’s conversation with Lyndon B. Johnson

-Use of celebrities

-Dwight Eisenhower First Family

-Austria

-Forthcoming conversation with Connally

-Ambassadorships

-Other Presidential appointments

Presidential appointments

-McGovern

-1972 election

-Possible commission appointment

-Conversation between Ehrlichman and James Roosevelt

-Domestic Council

-Legislation

-Committee relationships

-Partisanship

-Rogers C.B. Morton

-Ehrlichman

US Bicentennial celebration

-International situation

-Domestic affairs

-Current situation

-Local counties

-Philadelphia

-World’s Fair

25

NIXON PRESIDENTIAL MATERIALS STAFF

Tape Subject Log

(rev. Oct-06)

-Old buildings in San Francisco

-Type of celebration

-Great Britain

-US democracy

-Duration of government

-Press coverage

-Television programs

-John and James Roosevelt

-Bipartisanship

-The Atlantic Charter

-International application

-Wording of the Declaration of Independence

-Unified political philosophy

-Effects of words

-[Thomas] Woodrow Wilson

-World War I

-Fourteen Points proposal

-Wording

-Effect

-Planning

-Timing

-1972 election

-Intellectuals

-Eisenhower Fellowship Foundation

-John Roosevelt

-Trustee

-Individuals’ participation

-Assistance to foreign government

-Turkey

-Prime Minister

-Eisenhower

-Latin America

-Tom McKay[?]

-Robert B. Anderson

-Eisenhower Library

-Johnson Library

-Roosevelt Presidential Library

-Condition of house

-Visit by the President

-Eisenhower

-Invitation to Roosevelts’ children

26

NIXON PRESIDENTIAL MATERIALS STAFF

Tape Subject Log

(rev. Oct-06)

-Time

-Duration of meeting

-Roosevelt’s sons

-Comment on meeting

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

BEGIN WITHDRAWN ITEM NO. 5

[Personal returnable]

[Duration: 3m ]

END WITHDRAWN ITEM NO. 5

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

The President’s Labor Day speech

-National Commission for Industrial Peace

-John Roosevelt’s interest

-Member of Labor committee

-Idea of consultant

-English people and Labor Party

-1972 election

Labor issues

-Compulsory arbitration

-Pay Board

-Collective bargaining

-Grievances

-Teacher’s strike

-New York City

Presidential gifts

-Cufflinks

-Presidential seal

-Wives

[General conversation]

27

NIXON PRESIDENTIAL MATERIALS STAFF

Tape Subject Log

(rev. Oct-06)

Connally, Roosevelt, and Roosevelt left at 12:22 pm.