Conversation No. 268-1

Date:  August 2, 1971
Time:  Unknown between 2:05 pm and 2:53 pm
Location:  Executive Office Building

The President met with an unknown person.

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BEGIN WITHDRAWN ITEM NO. 1
[Personal Returnable]
[Duration:  11s  ]

END WITHDRAWN ITEM NO. 1

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The unknown person left at an unknown time before 2:53 pm.

Conversation No. 268-2

Date:  August 2, 1971
Time:  Unknown between 2:05 pm and 2:53 pm
Location:  Executive Office Building

The President met with an unknown person.

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BEGIN WITHDRAWN ITEM NO. 1
[Personal Returnable]
[Duration:  6s  ]

END WITHDRAWN ITEM NO. 1

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The unknown person left at an unknown time before 2:53 pm.

Conversation No. 268-3

Date:  August 2, 1971
Time:  Unknown between 2:05 pm and 2:53 pm
Location:  Executive Office Building

The President met with an unknown person.

President’s schedule
-Unknown person requesting entry

The unknown person left at an unknown time before 2:53 pm.

Conversation No. 268-4

Date:  August 2, 1971
Time:  2:53 pm - 3:00 pm
Location:  Executive Office Building

The President met with Alexander P. Butterfield.

President's schedule
-Call to secretaries

Republic of China, Taiwan
-President’s personnel representative [Ronald W. Reagan]
-Henry A. Kissinger’s staff
-Governor’s meeting
-California
-Reagan
-National Diet ceremonies
-Airplane

Butterfield left at 3:00 pm.

Conversation No. 268-5

Date:  August 2, 1971
Time:  3:01 pm - 6:17 pm
Location:  Executive Office Building

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

President's schedule
-John N. Mitchell

US foreign relations
-People's Republic of China [PRC] visit
-Ronald W. Reagan's statement
-Wire report
-Endorsement
-Vietnam
-Prisoner’s of War [POWs]
-Reaction of California conservatives
-H. L. (“Bill”) Richardson
-John Birch Society

-Reagan’s conservatism
-Walter Henson
-Revenue sharing
-Anticommunism

Mitchell entered at 3:03 pm.

-Reagan’s view
-Reaction of California conservatives
-Richardson
-Henson

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BEGIN WITHDRAWN ITEM NO. 1
[Personal Returnable]
[Duration:  20m 30s  ]

END WITHDRAWN ITEM NO. 1

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Lawrence M. Higby entered at 3:26 pm.

Lockheed vote
-Results
-Spiro T. Agnew
-Evaluation
-House vote
-John B. Connally
-George P. Shultz
-President's telephone calls
-Barry M. Goldwater
-George D. Aiken
-Carl T. Curtis
-Goldwater
Speech in Colorado
-Nelson A. Rockefeller

Higby left at 3:27 pm.

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BEGIN WITHDRAWN ITEM NO. 2
[Personal Returnable]
[Duration:  4m 38s  ]

END WITHDRAWN ITEM NO. 2

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Personnel
-Wage and price freeze
-Robert H. Finch
-Peter G. Peterson
-Peter M. Flanigan
-Donald H. Rumsfeld
-Reports
-John R. Brown, III
-Role with administration
-Counsellor to the President
-Possible trips
-Latin America
-Political value
-Office of Emergency Preparedness [OEP]
-Role with administration
-Cabinet
-George W. Romney
-John A. Volpe
-Elliot L. Richardson
-Interior or Agriculture Departments
-Undersecretary of State
-William P. Rogers
-John N. Irwin, II
-Flanigan
-Steel strike
-Negotiations
-Disclosure
-Possible trips
-Europe
-Latin America
-Restrictions on President's travel
-Latin America
-Possible riots
-Finch

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BEGIN WITHDRAWN ITEM NO. 3
[Personal Returnable]
[Duration:  14m 2s  ]

END WITHDRAWN ITEM NO. 3

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Personnel
-Secretary of Agriculture
-Clifford M. Hardin
-Conversation with Rogers
-Possible resignation from Cabinet

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BEGIN WITHDRAWN ITEM NO. 4
[Privacy]
[Duration:  1m 14s  ]

END WITHDRAWN ITEM NO. 4

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-Hardin's possible departure
-Farm bill
-Replacement
-President's conversation with Connally
-American Farm Bureau Federation [AFBF]
-Cattlemen
-Dairymen
-John A. Love
-Colorado
-Henry L. Bellmon
-Bryce N. Harlow
-US Senate
-Sales qualities
-Love
-Louie B. Nunn
-Lee R. Nunn
-Harry S. Dent

The President talked with the White House operator at 3:57 pm.

[Conversation No. 268-5A]

Call to Dent

[End of telephone conversation]

Mitchell’s conversation with Louie Nunn
-John Sherman Cooper
-Nunn
-Possible service to President
-Lexington, Kentucky law firm

Personnel
-Secretary of Agriculture
-Louie Nunn
-Political qualities
-Hardin

The President talked with the White House operator at an unknown time between 3:57 pm and 3:59 pm.

[Conversation No. 268-5B]

Call to Lee Nunn

[End of telephone conversation]

Lockheed vote
-J. Caleb Boggs
-William V. Roth
-Aiken
-Bellmon
-Curtis
-Aiken
-Results
-Curtis
-Aiken

Personnel
-Secretary of Agriculture
-Nunn
-Type of background needed

The President talked with Lee Nunn between 3:59 pm and 4:00 pm.

[Conversation No. 268-5C]

Louie Nunn
-Farming background
-Knowledge of farming

[End of telephone conversation]

Personnel
-Secretary of Agriculture
-Nunn
-Background
-[Forename unknown] Rogers' possible talk with Hardin
-Nunn
-Possible action
-Resignation
-Timing
-Hardin
-Political position
-South
-Compared to Romney, Volpe
-Congress, speech making
-Instruction for Mitchell
-Connally
-Harlow
-Connally

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BEGIN WITHDRAWN ITEM NO. 5
[Personal Returnable]
[Duration:  3m 17s  ]

END WITHDRAWN ITEM NO. 5

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Personnel
-Ambassador to Great Britain
-Possible Change
-[Walter H. Annenberg]
-Possible return from London
-Campaign
-Reagan
-Annenberg
-Campaign contribution
-Amount
-Editorials
-Influence
-Timing
-Political aspect
-Timing
-California politics
-Reagan
-Ambassadorship
-Edwin Reinecke
-Governorship
-Finch
-Senate
-1972 election
-Reagan
-Senate
-Reinecke
-Reagan
-Finch
-1972 election
-Annenberg
-Staff
-Reagan

Higby entered at 4:10 pm.

Connally's arrival

Highly left at 4:12 pm.

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BEGIN WITHDRAWN ITEM NO. 7
[Personal Returnable]
[Duration:  14s  ]

END WITHDRAWN ITEM NO. 7

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Connally entered at 4:15 pm.

Lockheed vote
-Outcome
-Curtis, Aiken, Bellmon, Lloyd M. Bentsen, Karl E. Mundt, [Boggs, Roth], Robert C. Byrd, Harry F. Byrd, Jr., Howard W. Cannon, Clifford P, Case, Marlow Cook, John Sherman Cooper, Norris Cotton [?]
-Alan Cranston, Robert J. Dole, Allen J. Ellender, Paul J. Fannin, David H. Gambrell, Barry M. Goldwater, Robert Griffin
-Peter H. Dominick, Hugh Scott, Charles H. Percy, Edward J. Gurney, Ernest F. Hollings, Roman L. Hruska, Hubert H. Humphrey, Jacob K. Javits, Daniel K. Inouye, Clinton P. Anderson, 
-Charles McC. Mathias, Jr., Thomas J. McIntyre, Lee Metcalf, Jack Miller 			-Frank E. Moss, Joseph M. Montoya, Edmund S. Muskie, Robert W.  Packwood
-James B. Pearson, Winston L. Prouty, William B. Saxbe, Richard S. Schweiker, Ted Stevens, Margaret Chase Smith, Stevens
-Robert A. Taft, Jr., Harrison A. Williams, John G. Tower, John V. Tunney, Lowell P. Weicker
-Milton Young, William B. Spong, Jr., Byrd
-Analysis
-Liberals
-Conservatives
-Trans World Airlines [TWA]
-United Airlines
-American Airlines
-McDonnell-Douglas
-United Auto Workers [UAW]
-Machinists Union
-Opponents
-Republican leadership in Senate
-President's efforts to get support
-Reaction to opponents
-Fannin
-Hruska
-Curtis

Personnel
-Possible Secretary of Agriculture
-Mitchell
-Candidates
-Political qualities
-AFBF
-Love
-Possible candidacy
-Louie Nunn
-Background
-Appeal to farmers
-Connally's reaction
-Appearance
-Administrative abilities
-J. Philip Campbell
-As politician
-Tenure as governor
-Compared to Hardin
-President’s qualities
-Political qualities
-Anecdote
-Highways
-Possible problems
-Press
-Another governor in Cabinet
-Compared to other governors
-Indiana
-Ohio
-Richard B. Ogilvie
-Robert D. Ray
-Image in agriculture
-Position with kennels and horse racers
-Quarterhouse Association
-American National Academy
-AFBF
-Horseracing as sport
-Support for President by racing fans
-George A. Smathers
-Kentucky
-Tobacco, peanuts, cotton
-Ties to Southeast
-Geographic position as border state
-Crop
-Influence in Ohio, West Virginia, Tennessee
-Political image with horseracing or breeding states
-Mountain states
-Wyoming, Montana, New Mexico, Utah
-Texas, Oklahoma
-Oil business contacts
-Ashland Oil
-Rogers
-Hardin
-Mitchell’s forthcoming call
-Timing of possible appointment
-Kentucky gubernatorial election
-Hardin
-Campbell
-Nunn
-Kentucky
-Geographic position
-Civil rights
-Agriculture
-Agriculture
-Strengths
-Dairy industry
-Hardin
Economy
-Connally's talk with Shultz
-Future
-President’s possible talk
-Wall Street
-International monetary crisis
-Deutsche mark
-Dollar deficit
-Balance of trade
-Business problems
-Investment
-Competitiveness
-Worker motivation
-Dollar
-Overvaluation
-Inflation
-Labor
-Competitiveness
-Need for tax credit
-Investment
-Business and labor
-Need for import control
-Investment concerns
-Erosion of confidence in economic leadership by administration
-Economists, writers
-Retail sales
-Stockmarket
-Figure
-Unemployment
-Inflation
-Steel
-US business
-International monetary crisis
-US foreign assets
-Erosion
-Press
-Gold reserves
-Level
-US obligation to convert currency
-Germany, France, Japan, Great Britain
-Need for action
-Timing
-1972 election
-Losses
-The Netherlands, Switzerland, Belgium, Great Britain, France
-Forthcoming International Monetary Fund [IMF]  meeting
-Timing
-Possible US actions
-Closing gold window
-IMF
-Floating the dollar
-Fixed parity
-Dutch guilder
-Deutsche mark
-Italian lira
-French franc
-Pound sterling
-Japanese yen
-Stabilizing international monetary situation
-Devaluation of dollar
-Automobile tax repeal
-Excise tax cost
-Impact on economy
-Retail automobile prices
-Japan
-Employment
-Investment tax credit
-Cost to the Government
-Stress on action
-10% import tax
-Inflation
-Wage and price freeze
-Inflation
-Duration
-Defer House Resolution [H R] 1
-Opposition to federal employee pay increase
-Suspension of comparability
-Revenue-sharing
-Nelson A. Rockefeller
-Budget
-Need to control international situation
-Suspension of currency convertibility
-Negotiations
-Timing
-Fixed rate
-Wage and price freeze
-Import taxes
-Inflation
-Voluntary nature
-Sanctions
-Duration
-Excise tax on automobiles
-Import taxes
-Import level
-Investment tax credit
-Automobile tax repeal
-Advantages to the President
-Fiscal responsibility
-Republican philosophy
-Sound dollar
-Wage and price freezes
-Conservatives
-Investment tax credit
-Timing
-Tax package
-Depreciation
-Reaction
-Wilbur D. Mills
-Leonard Woodcock
-Shultz's reaction
-Import taxes
-Inflation
-Wage and price freeze
-Enforcement
-Bureaucratic structure for implementation
-Office of Management and Budget [OMB]
-Treasury Department
-Connally
-Economic spokesman
-OMB
-Personnel
-Impact of action
-President’s awareness of problems
-President’s coverage to anticipate and action
-International trade
-Japanese, British, French
-Revaluation
-US dollar
-Revaluation
-Domestic
-Investment tax credit
-Automobile buyers
-President’s constituency
-Conservatives, business people
-Economic stimulus
-Import tax
-Investment tax credit
-Possible press stories
-Criticism
-Wage and price controls
-Connally’s television appearance
-Timing
-Connally’s talk with Shultz
-Meeting with the President
-Congressional session
-House
-Shultz
-Meeting
-International situation
-September 1971
-August 1971
-Wall Street
-Steel price increase
-Earlier versus later
-Effect on new car prices
-Forthcoming meeting
-President, Connally, Shultz
-Paul W. McCracken, Peter G. Peterson, Paul A. Volcker, John A. Scali
-Peterson
-Effect of proposed action
-Export rebate
-Investment tax credit
-General Agreement on Tariffs and Trade [GATT]
-Connally's unknown business friend in Houston, Texas
-Steel purchase
-France
-Credit

President’s schedule
-Forthcoming meeting
-Connally’s schedule
-Shultz schedule
- McCracken, Arthur F. Burns, Peterson
-Peterson
-Background
-Press
-Shultz
-Burns

Economy
-Wage and Price Board
-Wage and price freeze
-Tax evasion
-Compared to other countries
-US business
-Consumer Price Index [CPI]
-Wages
-Longshoremen
-Construction
-Shultz
-Unions
-Wage and Price Board
-Duration
-Conservatives
-Rent control
-Republicans
-1946 election
-Dwight D. Eisenhower
-1952 election
-Communism, crime, control, Korea
-Controls compared with freeze
-Conservatives
-Milton Friedman
-Family assistance
-Inflation
-Forthcoming meeting
-Shultz
-Connally's schedule

Connally left at 5:25 pm.

Connally
-Response to criticism
-Sensitivity
-Boldness

Economy
-Possible wage and price controls
-Consumer spending
-Automobiles
-Possible price drop
-Recent retail sales
-Shultz
-Consumer spending
-Need for action
-Public reaction
-Duration of controls
-Six months

President's schedule
-Forthcoming meeting
-[Shultz and Connally
-Peterson
-Press
-Unknown person
-Forthcoming action on economy
-Burns
-Federal Reserve Board [FRB]

Economy
-Proposed US action
-Possible effects

President's schedule
-Possible press conference
-Cancellation
-Need to study economic proposals
-Questions
-People's Republic of China [PRC], Pakistan
-Timing
-Need to study economic proposals

Economy
-Proposed US action
-Wage and price freeze
-Shultz and Connally
-Possible psychological effects
-Floating the dollar
-US business
-Analogy to PRC opening
-International monetary crisis
-Wall Street
-Consumers
-McCracken
-HR 1 [welfare reform]
-Work requirements
-Reaction to bill
-Senate
-Conservatives
-Blacks

Presidents’ schedule
-Press conference

Manolo Sanchez entered at an unknown time after 5:25 pm.

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BEGIN WITHDRAWN ITEM NO. 11
[Personal Returnable]
[Duration:  49s  ]

END WITHDRAWN ITEM NO. 11

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Sanchez left at an unknown time before 5:49 pm.

Busing
-Austin, Texas case
-Shultz
-Louisiana
-View
-Polls
-Blacks
-Mitchell's possible action
-Elliot L. Richardson
-Appeal
-Court decree
-Minimum busing
-Legislative action
-Proposed amendment
-The President's talk with John D. Ehrlichman
-Congress
-School aid
-Amendment
-Effect of court action
-Warren E. Burger

Sanchez entered at an unknown time after 5:25 pm.

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BEGIN WITHDRAWN ITEM NO. 12
[Personal Returnable]
[Duration:  15s  ]

END WITHDRAWN ITEM NO. 12

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Sanchez left at an unknown time before 5:49 pm.

Busing
-Supreme Court opinion
-Mitchell's talk with Burger
-Racial balance

Haldeman talked with an unknown person at an unknown time between 5:25 pm and 5:49 pm.

[Conversation No. 268-5D]

Stock market
-Report on activity

[End of telephone conversation]

Stock market
-Report on activity
-President's reaction

Busing
-Proposed Constitutional amendment
-Republican platform, 1972
-Possible Congressional action
-Nelson A. Rockefeller, Jacob K. Javits, Lowell P. Wiecker, Jr., Edward W. Brooke, Hugh Scott
-Timing
-Democratic opponent
-Possible support
-Pennsylvania, New York, Illinois, Ohio
-Effect
-Elementary and high school children
-Louisiana
-Quality of schools
-Effects of busing
-Louisiana
-Compared to Washington, DC schools
-Administration policy
-Possible Constitutional amendment
-School aid
-Problem
-Court orders
-Timing
-Forthcoming presidential election
-Edmund S. Muskie, Hubert H. Humphrey and Edward M. Kennedy
-Possible ramifications
-Disturbances

Haldeman talked with an unknown person at an unknown time between 5:25 pm and 5:49 pm.

[See Conversation No. 268-5E   ]

Connally
-Meeting with the President
-Timing

[End of telephone conversation]

Revenue-sharing

Busing
-Social issue
-Inter-racial experiences

PRC
-US policy

Economy
-Possible criticism

The President talked with the White House operator at an unknown time between 5:25 pm and 5:49 pm.

[Conversation No. 268-5F]

Call to William P. Rogers

[End of telephone conversation]

Economy
-Japan
-Textiles
-US equipment
-Profits
-Automobiles, radios, electronics

The President talked with Rogers between 5:49 pm and 5:57 pm.

[Conversation No. 268-5G]

Conference

President's schedule
-Steel prices
-Busing discussion

Lockheed vote
-President's call to Barry Goldwater, Aiken
-Dominick, James L. Buckley, Gerald R. Ford

PRC announcement
-Peking
-Reaction
-Peking
-Press
-Statement
-Television program
-Simulation

Lockheed Amendment
-Outcome of vote

Pakistan
-Possible action
-United Nations [UN]
-India
-Kenneth B. Keating
-Press reaction
-Vietnam
-Henry A. Kissinger
-Biafra
-India
-Possible action by India
-US response
-Indian Ambassador
-Aid
-Congress

Rogers' health

[End of telephone conversation]

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BEGIN WITHDRAWN ITEM NO. 16
[National Security]
[Duration:  25s  ]

INDIA-PAKISTAN RELATIONS

END WITHDRAWN ITEM NO. 16

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Economy
-Shultz
-Connally
-Wage and price policy
-Possible action
-Volcker's recommendations
-International bank
-Gold
-Connally

Spiro T. Agnew
-Foreign trip
-Press reaction
-Rogers
-Bryce N. Harlow's participation

Appointment
-[Forename unknown] Neal vote
-Judgeship

Agnew
-Advisory role
-PRC
-Welfare
-Forthcoming presidential election
-Relations with Ehrlichman
-White House appearances
-Intergovernmental Relations Office
-Clarence D. Ward
-PRC
-Peking
-Kissinger
-Taiwan
-Rogers
-Camp David
-Cabinet
-President's reaction to trip
-As advisor
-Ehrlichman
-Credibility
-Forthcoming election
-Republican right
-W. Clement Stone
-Internecine warfare
-Secret Service
-Staff
-Media
-Status quo
-Colorado convention
-Vote
-Cabinet
-Senate
-Lockheed vote
-Agnew's role
-President’s role as Vice President
-Eisenhower
-Curtis, Fannin, Goldwater
-Contact with governors
-Ronald W. Reagan
-As advisor
-Ehrlichman
-Issues
-School desegregation
-Connally
-Instructions for Haldeman
-Staff
-John A. Scali story
-Victor Gold
-Williamsburg
-Associated Press [AP]
-Herbert G. Klein
-Ronald L. Ziegler
-Newsweek magazine
-Nature of Vice President's trip
-Press

President's schedule
-Forthcoming meeting

Agnew
-Role 
-Press

Cabinet
-Romney
-Volpe

Haldeman and Mitchell left at 6:17 pm.

Conversation No. 268-6/269-1

Date:  August 2, 1971
Time:  7:30 pm - unknown before 9:50 pm
Location:  Executive Office Building

The President met with George P. Shultz, John B. Connally, and Manolo Sanchez.

Refreshment

Sanchez left at an unknown time before 9:50 pm.

Railroad strike
-Newspaper story
-Television coverage
-Union

Economy
-Decision on US action
-Timing
-Possible leak
-Possible statement by Connally and Shultz
-Possible monetary crisis
-Speculation
-London Times story
-Effect on dollar
-US tourists abroad
-US retail sales
-Balance of trade
-Retail sales
-Steel
-Money supply
-Growth
-Inflation
-Retail sales
-Wall Street Journal
-Construction contracts
-Automobile production
-Corporate profits
-International trade
-Balance of payments
-Figures
-Business expansion
-Interest rates
-Inflation
-Liquidity
-Gold
-Psychology
-Timing
-Consultation
-Arthur F. Burns
-Bryce N. Harlow
-Louie (sp?) [Surname unknown]
-Charlie Koontz (sp?)
-Alexander M. Haig, Jr.
-Burns [?]
-Timing
-Congressional session
-Stock market
-Proposed action
-Automobile excise tax
-Impact
-Oil industry
-Inflation
-Consumers
-Investment tax credit
-Impact
-Congress
-Excise tax
-Personal exemptions
-Consumers
-Rebate
-Import tax
-Currency flotation
-Political appeal
-Consumer
-Quotas
-General Agreement on Tariffs and Trade [GATT]
-Wage and price freeze
-Flexibility
-Congress
-Duration
-Inflation
-Gross National Product [GNP]
-Proposed international market action
-Buying and selling gold
-International Monetary Fund [IMF]
-Revaluation of gold
-Exchange rates
-Closing gold window
-Milton Friedman
-Fixed exchange rates
-Currency price adjustments
-Comparative advantage
-Balance of trade
-Fixed exchange rates
-Burns’ views
-Fixed exchange rates
-Dollar
-Overvaluation
-Devaluation
-International effect
-Transactions
-Inflation
-Foreign policy
-Revaluation of gold
-International effect
-Speculation
-Crisis
-Dollar
-Floating versus fixed exchange rates
-Inflation
-Possible negotiations
-International Monetary Fund [IMF]
-One percent variation
-Possible change 
-Domestic action
-Wage and price freeze
-Steel strike
-Compared to wage and price controls
-Administration
-Duration
-Devaluation
-Import tax
-Market discipline
-Inflation
-Administration
-Consumer reaction
-Automobile industry
-General Motors [GM]
-Shultz's anecdote about wife
-Press
-Consumer goods
-Duration
-Price system
-Resource distribution
-Interference
-Richmond, Virginia
-Review board
-Timing
-Budget effect
-Government wages
-House Resolution [HR] 1
-Revenue-sharing
-Investment tax credit
-Timing
-Government wages

[Comment on telephone ringing]

Economy
-Proposed actions
-Impact on budget
-HR 1
-Timing
-Future fiscal years
-Welfare
-Revenue-sharing
-Environment
-Public works
-Water projects
-Defense expenditures
-Military Pay Bill
-Expansion
-Economy and employment
-Budget
-HR 1
-Foreign aid
-[Unintelligible]
-Foreign aid
-Congress
-Possible cut
-Foreign discipline
-[Unintelligible]
-Devaluation of the dollar
-Trade
-Gold window
-Exchange rates
-Trade
-Italy
-Wool
-Gold speculation
-Overvaluation
-Probable Japanese and European reaction
-International monetary crisis
-Inflation
-Interest rates
-Closing gold window
-Possible media reaction
-Need for action
-Anecdote
-National psychology
-Foreign relations
-Possible international monetary crisis
-Relationship to gold window closing
-US assets
-Change in price of gold
-Buying and selling gold
-Possible letter to IMF
-Exchange rates
-Possible reaction
-Japan, Great Britain, France
-Yen
-Devaluation compared with floating the dollar
-Unilateral action
-Change in price of gold
-Negotiations
-France
-Relationship of dollar to gold
-Bargaining lever
-Impact on future action
-Gold standard
-Possibility of US return
-US gold holdings
-IMF
-Secondary currency
-Special Drawing Rights [SDR]
-US gold holdings
-Possible reaction
-Germany, Japan
-Economists’ views
-Wage and price freeze
-Possible public reaction
-Benefits
-Counteraction to inflation
-Import tax
-Stabilization
-Psychological impact on country
-Considerations
-Standard of living
-Productivity
-Time for reflection
-Possible public reaction
-Uncertainty
-Investment tax credit
-Import tax
-Gold
-Currency devaluation
-Value of dollar
-Consumers
-Investment tax credit
-Excise tax
-Automobiles
-Imports
-Economic expansion
-International market situation
-Dollars overseas
-Inflation
-Exchange rate
-Flexibility
-Wage and price freeze
-Review board
-Bureaucracy
-Impact on industries
-Toilet paper industry
-Administrative problems
-Wage and price controls
-Burns
-Inflation
-Susceptibility
-Agriculture
-Steel
-Automobiles
-Investment tax credit
-Fiscal restraint
-Advantages
-President’s action on inflation
-Control of wage costs
-Steel strike
-Wage increase
-Psychological effect
-Need for change
-Duration

Administration goals
-Ending Vietnam War
-Troop withdrawal
-Employment
-Economy
-Foreign relations
-Relations with People's Republic of China [PRC]
-Foreign aid and assistance
-Proposed action
-Gold conversion
-John F. Kennedy and Lyndon B. Johnson administrations
-Imports
-Automobiles
-Foreign competition
-Shoes
-Incentives
-Investment tax credit
-Standard of living
-Public reaction
-Gold prices
-Wage and price freeze
-Psychology of public
-Service orientation of economy
-Possible conditions
-Foreign goods
-Honda
-Employment
-Automobile industry
-Need for productivity
-Gross National Product [GNP]
-Goods and services
-Foods
-Space program
-Foreign competition
-Role of Government
-Research and Development [R&D]
-Production
-Cheap labor, low standards of living
-US workforce
-Advantages

Shultz's schedule
-Press conference

Busing
-Appeal
-Health, Education, and Welfare [HEW] plan
-[Unintelligible]
-Shultz's trip to Louisiana
-Unknown meeting
-Blacks

The recording was cut off at an unknown time before 9:50 pm.