867–19

Conversation No. 867-19

Date: March 2, 1973
Time: 3:35 pm-4:08 pm
Location: Oval Office

The President met with John M. Olin; the White House photographer was present at the
beginning of the meeting.

Greetings
-Summer
-New York

Photographs
-Color
-Copies
Olin's support for President

Manolo Sanchez entered at an unknown time after 3:35 pm.

Refreshment

Sanchez left at an unknown time before 4:08 pm.

Olin's relationship with President
-Length
-Eisenhower administration
-Olin's support for President
-December 1972 bombing of Vietnam
-Olin's support
-Criticism

Vietnam War
-December 1972bombing
-Prisoners of war [POWs] support
-Effectiveness
-John F. Kennedy and Lyndon B. Johnson

POWs
-Demeanor
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NIXON PRESIDENTIAL LIBRARY AND MUSEUM

Tape Subject Log
(rev. June-2010)
Conversation No. 867-19 (cont’d)


-Washington Post
-William F. Buckley, Jr.
-National Review comments
Vietnam
-Conclusion of war
-Retention of troops in South Vietnam
-eventual withdrawal
-South Vietnam
-Strength
-Chances of survival
-Aid to North Vietnam
-Congress
-Reasons
-Leverage
-Laos, Cambodia
-Compared with Japan and Germany

World War II
-Yalta Agreements
-Franklin D. Roosevelt
-Union of Soviet Socialist Republics [USSR]

US defenses
-John F. Kennedy, Lyndon B. Johnson


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BEGIN WITHDRAWN ITEM NO. 1
[National security]
[Duration: 6s]

NUCLEAR WEAPONS

END WITHDRAWN ITEM NO. 1
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Olin Corporation
-Negotiations with [First name unknown] Nickerson
 -30-

NIXON PRESIDENTIAL LIBRARY AND MUSEUM

Tape Subject Log
(rev. June-2010)
Conversation No. 867-19 (cont’d)


-Great Britain
-Seed geneticist
-Leadership role
-Agricultural patents
-Individual property rights
-Seed varieties
-New law
-Patent Office
-Licenses

Grain trade
-USSR
-Natural resources
-Lack of expertise
-US seed developments
-Availability to USSR
-President’s viewpoint
-Leverage
-Negotiations with Olin Corporation
-Trade offs
-People's Republic of China [PRC]’s market
-PRC’s, USSR’s agricultural exports
-USSR
-Agriculture
-Market potential

US-USSR trade relations
-Olin Corporation
Exploration possibilities

Olin’s relationship with Nickerson
-Hunting
-Northern Yorkshire, England
-Olin's background
-Nickerson's research in grain seeds
-Lincolnshire, England
-Wheat, barley, corn

Atlantic salmon
 -31-

NIXON PRESIDENTIAL LIBRARY AND MUSEUM

Tape Subject Log
(rev. June-2010)
Conversation No. 867-19 (cont’d)


-Olin's concern
-Acquaintance with US ambassador to Denmark [?]
-Denmark
-Smoked salmon
-Salmon controversy
-Denmark and Greenland
-Contributions to stock of salmon
-Canada, Great Britain, Norway
-Greenland
-Trout
-Harvesting of salmon
-Amount
-Demark
-Harvesting
-Davis Stright
-Netting
-Impact on stock of salmon
-Depletion
-High-seas fishing
-Legislation
-Greenland
-Harvesting
-Restrictions
-Denmark
-Appointment of an ambassador
-Philip K. Crowe
-Norway post
-State Department
-Olin's conversation with Maurice H. Stans
-Need to obtain agreement with Demark and Greenland
-Amount
-Canada
-Harvesting
-Netting
-Restrictions
-Compensation
-Crowe’s appointment
-Denmark, Norway
-Norway
 -32-

NIXON PRESIDENTIAL LIBRARY AND MUSEUM

Tape Subject Log
(rev. June-2010)
Conversation No. 867-19 (cont’d)


-Salmon stock
-USSR
-Salmon stock
-Cooperation
-Iceland
-Northeast Atlantic Commission
-Restrictions on high-seas fishing
-Norway
-Political effect
-[First name unknown] Aigmon [?]
-Crowe
-Norway
-US representative
-Resolution of problem
-Crowe

International Advisory Board on Salmon
-Olin's chairmanship
-Olin's interests

President’s campaign for
-Huntsmen's lobby
-Questions

Atlantic salmon problem
-President's investigation
-Crowe
-Donald L. McKernan
-State Department
-Advice
-Work on problem
-Knowledge
-Olin’s conversation with Maurice H. Stans
-State Department
-John J. McCloy
-Resistance
-Statement to McCloy
-Resistance
-McKernan’s recommendation
 -33-

NIXON PRESIDENTIAL LIBRARY AND MUSEUM

Tape Subject Log
(rev. June-2010)
Conversation No. 867-19 (cont’d)


-Crowe’s appointment
-Denmark, Norway
-Stans
-Norway

Capital gains tax
-Treasury Department
-President's opposition
-John H. Alexander's opinion on effects of tax
-Legal estate
-Congress
-Demagoguery
-Business lobbying
-Wilbur D. Mills and Russell B. Long
-Target
-Senate Finance Committee
-Mills
-Estate tax
-President's opposition
-Treasury Department
-Support for estate tax
-Threat to free enterprise
-Entrepreneurship
-Great Britain
-Economic impact
-Opposition
-Family wealth
-Support for President
-Olin's wealth
-Personal compared to market value
-Effect of capital gains and estate tax
-Wealthy families
-Rockefeller, Ford
-Harm of tax
-Impact on estates, personal ambition, foundations
-Mills, Long
-Lobbying
-William J. Baroody, Jr.
-Reports on tax
 -34-

NIXON PRESIDENTIAL LIBRARY AND MUSEUM

Tape Subject Log
(rev. June-2010)
Conversation No. 867-19 (cont’d)


-Release
-Estate taxes
-Distribution to Congress members, press
-George P. Shultz’s testimony
-Ways and Means Committee
-Publicity

President’s Lunch in New York with Olin
-Recess
-President’s decision to campaign
-Olin’s advice on television [TV]
-TV debate with Kennedy in 1960


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[Begin segment reviewed under deed of gift]

Olin’s home in Georgia
-President’s visit
-Hunting
-President’s visit to James Hanes place
-Quail symposium
-Olin’s return to Georgia
-Hunting
-Use of dogs
-Pointers

Dogs
-King Timahoe
-Irish setters, Labradors
-King Timahoe
-Age
-Olin’s kennels
-Championship dogs
-Labradors, springer spaniels

Olin’s acquaintance with Dwight D. Eisenhower
-Estate in Georgia
-Bob Woodruff
 -35-

NIXON PRESIDENTIAL LIBRARY AND MUSEUM

Tape Subject Log
(rev. June-2010)
Conversation No. 867-19 (cont’d)


-Pete Jones
-Spruce Springs
-President’s visit

James Hanes
-Friendship with Olin

Salmon fishing

[End segment reviewed under deed of gift]
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Peanuts
-Importance to Georgia
-Shultz
-Trade negotiations [?]
-Export crop
-Organization of growers
-Hiring of Harry S. Dent
-Herman E. Talmadge
-Senate Finance Committee
-Shultz
-Influence

Olin left at 4:08 pm.