574–5

Conversation No. 574-5

Date: September 17, 1971
Time: 10:26 am - 11:29 am
Location: Oval Office

The President met with Maurice H. Stans, George P. Shultz, and Kenneth R. Cole, Jr.; the White
House photographer was present at the beginning of the meeting.

Greetings

The economy
-New economic policy
-Handling
-Congressmen
-Senators
-Speeches
-Minority business enterprise program
-Letters of support
-US businessmen
-New York Times
-Editorials
-Support
-Letters of support
-Dividend policy
 22

NIXON PRESIDENTIAL MATERIALS STAFF

Tape Subject Log
(rev. 10/06)



-Stans's telegram
-Replies
-Number
-Support
-Response
-Banks
-Reports
-Position
-John B. Connally
-Agricultural, labor groups
-Interest rates
-Control
-Congress
-Bankers
-Arthur F. Burns
-Political issue
-Phase II
-Inflation
-Manufacturing profits tax
-Banking industry profits
-Cost of Living Council [COLC]
-William L. Safire
-Freeze
-Stans's telegram's solicitation of report
-Dividend policy telegram
-US companies
-Statistics on estimated effect on profits in third and fourth quarters
-Number of responses
-Percentages
Profits issue
-Appearance
-Businessmen
-Jobs
-Banks
-Jobs
-Bankers
-Public standpoint
-Administration’s position on business
-Congressional action
-Interest rates
-Business
 23

NIXON PRESIDENTIAL MATERIALS STAFF

Tape Subject Log
(rev. 10/06)
Conv. No. 574-5 (cont.)


-Dependence
-Effect
-Expansion
-Reduction of jobs
-Reduction of expansion in public sector
-Effect on growth

Minority business enterprise program
-Budget appeal
-Approaches
-Political significance
-Value of program
-Political significance
-Black Americans
-Hispanic Americans
-Number
-Geographic concentration
-California
-New York
-Illinois
-Texas
-Arizona
-New Mexico
-Importance for administration
-Colorado economic development organization
-National organization of Hispanic Americans
-Black Americans
-Approach and focus
-Civil rights
-Black supporters
-Administration action
-Hispanic and black Americans
-Possible contention
-Administration's commitment
-Amount of money
-Commitment
-Political message

Environment
-Thomas R. Shepard, Jr.
-Article read by the President
 24

NIXON PRESIDENTIAL MATERIALS STAFF

Tape Subject Log
(rev. 10/06)
Conv. No. 574-5 (cont.)


-Environmentalists
-Type of program
-Dichlorodiphenyltrichloroethane [DDT]
-The President’s talk with astronauts
-Sri Lanka [Ceylon]
-Nobel prize winner [Dr. Norman E. Borlaug?]
-Malaria
-Deaths
-1969 compared to 1970
-Human beings, condors
-Relative importance
-Report on phosphates
-Elliot L. Richardson
-Detergent soaps
-Effect on skin
-Ingredients
-Effect on environment
-Priorities
-Administration position
-Budget costs
-Environment
-Balance
-Stans
-Editorial
-Shepard's speech

Minority business enterprise program
-Hispanic Americans
-Budget benefits
-Black Americans
-Congress
-Black Americans
-Number
-Hispanic Americans
-Number
-Concentration in states
-Small business enterprise efforts
-Comparison of blacks, Hispanics
-Hispanic and black Americans
-John G. Tower
-Spanish-speaking Americans
 25

NIXON PRESIDENTIAL MATERIALS STAFF

Tape Subject Log
(rev. 10/06)
Conv. No. 574-5 (cont.)


-Cabinet Committee on Spanish speaking Americans
-Black Americans
-Value of program
-Amount of money
-Credibility
-Robert J. Dole
-Program for blacks
-Support for administration
-Amount of money
- Shultz
-Caspar W. (“Cap”) Weinberger
-Stans
-Advisory committee for blacks
-The President's appointment
-Businessmen
-Blacks
-Estimated figures
-Transfer of funds
-Environmental Protection Agency [EPA]
-Small Business Administration [SBA]
-Technical assistance
-Office of Economic Opportunity [OEO]
-Shultz
-Goals
-Amount of money
-Progress
-Government grants, loans, and guarantees
-Businesses
-Amount of money
-Changes
-Time duration
-Purchase by government agencies
-Minority businesses
-Set-aside money
-Direct procurement
-Competitive basis
-Amount of money
-Private sector
-Small Business Investment Companies
-Number
-Applications
 26

NIXON PRESIDENTIAL MATERIALS STAFF

Tape Subject Log
(rev. 10/06)
Conv. No. 574-5 (cont.)


-Potentiality
-Equity money
-SBA
-Loans
-Amount of money
-Private sector
-Minority owned franchises
-Number
-Increase
-Types of small businesses
-Automobiles
-McDonald's fast-food restaurants
-Stores
-Service stations
-Procurement seminars
-US
-Census
-Minority business
-Indians
-SBA
-Management and technical assistance
-Increase
-Minority owned banks
-Amount of money
-Deposits
-Lending
-Hispanic Americans
-Type of program
-Concepts
-History of previous economic action
-1964
-New business ventures
-Six thousand dollars for six years
-Loans
-Use of money
-Business
-Individual qualifications
-Money for establishment of business
-Technical assistance
-Management coaching
-Accounting
 27

NIXON PRESIDENTIAL MATERIALS STAFF

Tape Subject Log
(rev. 10/06)
Conv. No. 574-5 (cont.)


-Legal advice
-Advertising
-Stock keeping
-Purchasing
-Assistance
-Certified Public Accountants [CPAs]
-Lawyers
-Management engineers
-Washington, DC area
-Operating base
-National commitment
-Reaching local communities
-Local economic programs
-Voluntary efforts
-Community
-Minorities
-Starting new businesses
-Aid
-Ineffectiveness
-Guidelines
-Practices
-Selective information
-Resources
-Selection of limited number of minority organizations
-Responsibilities and guidance
-Transactions
-Aid
-White community's assistance in a resource center
-Opportunities
-Money
-Technical assistance
-Packaging aid
-Providing resources for minority business
-Minority responsibility
-Minority community organizations
-United States
-Resources
-Funds
-SBA
-Resource center
-Standard operation
 28

NIXON PRESIDENTIAL MATERIALS STAFF

Tape Subject Log
(rev. 10/06)
Conv. No. 574-5 (cont.)


-Local exposure
-Impact projects
-Shopping center
-Local hotel
-Time duration
-Impact
-Cities
-National level action
-Trade associations
-Franchising institute
-Training
-Local impact
-Federal government
-Possible national basis
-Money
-Amount
-Budget appeal
-Amount of money
-Credibility
-Political implications
-Time duration
-Charts
-Program
-Stans’s credibility
-Monetary
-Black community
-Chicago
-Los Angeles
-Political significance
-Effect
-Problems
-Weinberger
-Restraints
-Overbudgeting
-Balance
-Spending
-Amount
-Political gain
-Model cities
-OEO
-Budget concerns
 29

NIXON PRESIDENTIAL MATERIALS STAFF

Tape Subject Log
(rev. 10/06)
Conv. No. 574-5 (cont.)


-Programs
-Effectiveness
-Previous administrations
-Problems
-Jobs Corps
-Vista
-Peace Corps
-Cuts in budget
-Percentage
-Negotiations
-Personnel
-Percentage
-Cuts in budgets
-Extent
-Credibility issue
-Hispanics
-Black Americans
-Percentage
-Support for the President
-Dole
-Hispanic Americans
-Balance
-Latin Americans compared to blacks
-Black Americans
-Reactions
-Proportionate budget
-Head of program
-Budget directors
-Appopriation [One hundred million dollars]
-Political impact
-Funding transfer
-Model cities
-OEO
-Development of new program
-The President's economic program
-Model cities
-Economic development efforts
-OEO
-Business development efforts
-The President's economic program
-Legislation
 30

NIXON PRESIDENTIAL MATERIALS STAFF

Tape Subject Log
(rev. 10/06)
Conv. No. 574-5 (cont.)


-Pending
-New
-Benefits
-Crime insurance
-Department of Housing and Urban Development [HUD]
-SBA
-Performance bonds
-Building contractors
-Painting contractors
-Carpentry contractors
-New businesses
-Purposes of disseminating money
-One hundred million dollar level
-1973
-Amount of money
-Supplemental
-1972
-The President’s intention
-Stans’s presentation

Banks
-Profits
-Congress
-Interest rates
-Leak

Ambassador of Romania

Presidential gifts
-Stans's staff
-Book marker

Renegotiation Board
-Unknown person’s view
-Existence

Stephen B. Bull entered at an unknown time after 10:26 am.

Schedule
-Arrangements for following meeting
-Press
 31

NIXON PRESIDENTIAL MATERIALS STAFF

Tape Subject Log
(rev. 10/06)
Conv. No. 574-5 (cont.)



Bull left at an unknown time before 11:01 am.

Minority Business Enterprise program
-Congress

Corneliu Bogdan entered at 11:01 am.

Economic program
-Congress

Romania
-Population

Shultz, Stans, and Cole left at an unknown time before 11:02 am.

Pictures
-Seating arrangement

Gen. Alexander M. Haig, Jr.
-Location
-Henry A. Kissinger

Kissinger entered at 11:02 am.

Bogdan
-Home

Appreciation for meeting

Message from Romanian President Nicolae Ceausescu
-President’s view
-Kissinger
-Rendering of best wishes for president and Thelma C. (“Pat”) Nixon
-The President's stance
-Romanian American relationship
-Economic field
-US international relations

Photographs
-Picture of Bogdan with the President and Kissinger
 32

NIXON PRESIDENTIAL MATERIALS STAFF

Tape Subject Log
(rev. 10/06)
Conv. No. 574-5 (cont.)



Foreign relations
-The President's action
-Romanian view
-Relations with the People's Republic of China [PRC]
-Strategic Arms Limitation Talks [SALT]
-Romania
-International developments
-Observation
-Detente
-Agreement with the US
-The US
-Position in the world

Eastern Europe
-Situation
-USSR
-Actions
-Romania
-Detente
-Delegation
-Handling
-Concerns
-Questions
-Handling of security issues
-Detente
-Basic principles of detente
-Interest and effect
-Responsibilities
-Other countries
-Normal relations
-Population
-Relations with USSR
-Relations with the US
-Situation

Manolo Sanchez entered at an unknown time after 11:02 am.

Refreshments
-Tea
-Coffee
 33

NIXON PRESIDENTIAL MATERIALS STAFF

Tape Subject Log
(rev. 10/06)
Conv. No. 574-5 (cont.)



Sanchez left at an unknown time before 11:21 am.

Romania
-Trip to Romania (August 1969)
-Ceaucescu
-Kissinger
-Detenet
-Fairness
-Effect on Romania
-Romanian priorities
-Economy
-Most favored nation [MFN] from US status
-Meeting with Wilbur D. Mills
-US position
-Meeting between the President and Bogdan
-Developments
-Foreign relations
-US-Romanian relations
-Handling
-Eastern Europe
-PRC
-United Nations [UN]
-Conference on European Security and Cooperation [CESC]

US-Romanian relations
-Greetings to President Ceausescu
-MFN status
-Congress
-Relationship with Romania
-Position of the US
-Romania
-Economic relations
-Kissinger, Stans
-East-West trade
-Pace
-US position
-Romania
-Relationship with the USSR
 34

NIXON PRESIDENTIAL MATERIALS STAFF

Tape Subject Log
(rev. 10/06)
Conv. No. 574-5 (cont.)


-US negotiations with the USSR
-Effect
-US negotiations with other countries
-Impact

European security conference
-Future
-North Atlantic Treaty Organization [NATO]
-Meeting
-Date
-Mutual and Balanced Force Reductions [MBFR]
-Attitude of countries involved
-Romania
-The President’s previous conversations with Ceaucescu
-US position
-Romanian position
-US position
-Strategy
-USSR
-Relations with Romania
-Detente
-US role
-Western Europeans
-US principles
-Romania
-Interests
-Soviet action
-US-Romanian relations
-Meeting
-Outcome
-Possible Soviet response
-US-Soviet relations
-United Nations [UN]
-The President's forthcoming conversation with Andrei A. Gromyko
-US relations with Romania

Economic relations
-Vietnam War
-Events in the world
-Time duration
-Romania
 35

NIXON PRESIDENTIAL MATERIALS STAFF

Tape Subject Log
(rev. 10/06)
Conv. No. 574-5 (cont.)


-US businesses
-Contacts

Vietnam War
-North Vietnam
-Relations with Romania
-Economic aid
-Romanian interests
-Political solution
-Negotiations
-US
-North Vietnam
-Settlement possibilities
-Effect on other US foreign relationships
-Romania's relations with North Vietnam
-President Ceausescu
-Discussions with world leaders and the President
-Political solutions
-Political solutions to war
-(Madame) Nguyen Thi Binh
-North Vietnam
-Negotiations
-Prisoners of War [POW] issues
-US stance

Photograph

Vietnam
-US stance
-Cambodia
-Laos
-PRC

Ronald L. Ziegler and members of the press entered at an unknown time after 11:02 am.

Dinner attended by Kissinger
-Dracula
-Transylvanian region
 36

NIXON PRESIDENTIAL MATERIALS STAFF

Tape Subject Log
(rev. 10/06)
Conv. No. 574-5 (cont.)


Romania
-People
-The President's 1969 trip
-US stance

Ziegler and members of the press left at an unknown time before 11:29 am.

Tennis
-Forthcoming Davis Cup play
-Romanian hopes for victory
-Reaction to game of tennis

Kissinger and Corneliu Bogdan left at 11:29 am.