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On July 29, 1971, President Richard M. Nixon, H. R. ("Bob") Haldeman, Manolo Sanchez, Stephen B. Bull, unknown person(s), John G. Tower, Elliot L. Richardson, Clark MacGregor, White House photographer, William D. Eberle, Peter G. Peterson, Frederic V. Malek, and John N. Mitchell met in the Oval Office of the White House from 8:55 am to 10:26 am. The Oval Office taping system captured this recording, which is known as Conversation 551-001 of the White House Tapes. Topics include: The President met with H.R. ("Bob") Haldeman. Current news items - Arthur F. Burns - Relations with the White House - Possible action on the Federal Reserve Board [FRB] - Handling of story Manolo Sanchez entered at an unknown time after 8:55 am. Notes, refreshments Sanchez left at an unknown time before 9:05 am. Economic issues - John B. Connally - FRB - Burns' salary - Possible expansion - Possible transfer - Reorganization - Compared to Franklin D. Roosevelt - Attempt at packing Supreme Court - George P. Shultz - Response [Pause] Lockheed Corporation - Situation - Vote Personnel staffing - Constance M. ("Connie") Stuart - Thelma C. (Ryan) ("Pat") Nixon's opinion - Julie Robinson - Job action - United States Information Agency [USIA] - Haldeman's role - Handling [Pause] Economic news - Leading indicators - Earnings Schedule - Florida - Rose Mary Woods - Number of visits - Trip invitations Sanchez entered at an unknown time after 8:55 am. Notes Sanchez left at an unknown time before 9:05 am. - Forthcoming trip to Canton, Ohio, July 30-31, 1971 - Woods - John A. Scali - High school reunion - Woods - Reaction to invitation - The President's schedule after Ohio stop - California - Bohemian Grove - Florida - Charles G. ("Bebe") Rebozo - Handling of staff visits - Guests - Roger E. Johnson Burns - Handling of situation - FRB - ShultzConnally - Congress - Shultz Budget -1971, 1972, 1973 - Deficits - Estimates - Haldeman's conversation with Shultz The President's schedule, July 29, 1971 - Meeting request - Murray M. Chotiner - Timing - Possible subject of meeting - F. Donald Nixon - Robert C. Hill - Henry A. Kissinger Connally - Follow- Up Spiro T. Agnew - Memorandum - Timing of action - Robert H. Finch - Ronald W. Reagan Conservatives - Barry M. Goldwater - Reagan - Compared to handling of Burns story - John N. Mitchell's conversation with J. Daniel Mahoney - Use of name on conservatives' foreign policy statement Stephen B. Bull entered at an unknown time after 8:55 am. John G. Tower Bull left at an unknown time before 9:05 am. Conservatives - William F. Buckley, Jr. - Human Events An unknown person entered at an unknown time after 8:55 am. Schedule The unknown person left at an unknown time before 9:05 am. Conservatives - Mahoney - Mitchell - James L. Buckley - Stance - Effect of action compared with liberals - Press coverage - Ripon society - Young Americans for Freedom [YAF] - Conservative Union - National Review - Human Events The press - The Washington Post - Charles W. Colson - Columbia Broadcasting System [CBS] - Frank Stanton - Colson's contacts - Coverage of July 28, 1971 congressional ceremony Tower, Mitchell, Elliot L. Richardson, and Clark MacGregor entered at 9:05 am; the White House photographer was present at the beginning of the meeting. Schedule Lockheed Mitchell's European trip - Switzerland - Treaty - Bank accounts - Great Britain - Prime Minister Congress - Lockheed vote - Airbus - Legislation - Department of the Treasury - Small Business Administration [SBA] - Emergency loan provisions - House of Representatives - Action - Tower's conversation with H. Allen Smith - Cloture vote - Status - Michael J. ("Mike") Mansfield Busing - Political implications - Southern states - George C. Wallace - Department of Health Education and Welfare [HEW] - Plan - Racial balance - Extent of government action - Swan case - Decision - Lower court action - George W. Romney - Housing - Racial integration - Housing and Urban Development [HUD] guidelines - Public attitudes - Memorandum Integration - Business community Busing - Court appeal - Hispanics - Curtis Graves - Dallas - Texas state legislature - Austin - Situation - Visitation versus desegregation - Application - Elliot Richardson - Political implications - HEW - Federal government role - Swan case - Comparison with Judge Roberts [?] - Austin case - Role of the Department of Justice [DOJ] - April decision on Swan case - Charlotte- Mecklenberg case - Legal status - Executive branch role - Political implications - Charlotte- Mecklenberg case - Southern districts - Supreme Court decision - Austin decision - Future court action - Effects on school boards - Austin plan - Scope - Desegregation - HEW's role - Visitation - Frequency - Political effect - Presidential election - Tower's re- Election - DOJ, HEW roles and positions - Clarification of Supreme Court decision - Requirements - Timing - Texas - Brown vs. the Board of Education decision - Southern states - Presidential popularity - Wallace - Polls - Strom Thurmond - William E. Brock, III - William J. ("Jack") Edwards - HUD - Operation Dixie - School integration - Compared to the North - De jure segregation - Court cases - Administrative discretion - Romney - Short term versus long term considerations - Statements - National Association for the Advancement of Colored People [NAACP] - Mobile and Birmingham, Alabama - Situation on litigation and overturning decisions - Austin case - Timing -1972 - Possible appeal - Swan compliance - DOJ attitude towards HEW plan - Swan case compliance - View of HEW - Areas of concentrated black population - Supreme Court - Non- Contiguous zoning for busing - Austin case - White flight - Re- Segregation - Edward L. Morgan - Busing plans - Reaction - Charlotte- Mecklenburg - Civil War - President's view - Political impact of issue - Jack Edwards - Brown decision - Government posture - HEW plan - DOJ handling - HEW plan - Compliance with Swan decision - Effect - Perception of administration - Editorials - Minister - Southern States - Separate but equal schools - School board proposals - Jackson, Mississippi - Clarke T. Reed - Charlotte, North Carolina - Political exploitation - Wallace - Mitchell, Tower, Richard C. Van Dusen - Richmond, Virginia - School district mergers - Legality - Abraham A. Ribicoff plan - Southern blacks - Busing - Principles - People's approach to communities - Chicago - Poles - Charles H. Percy - Italians - Catholics, Protestants - Vocational training - Moral position, judicial position Congressional action - Lockheed Small Business Administration loans - Thomas S. Kleppe's work - David Packard - Melvin R. Laird Tower, Richardson, and MacGregor left at 10:04 am. The President's schedule - William D. Eberle Busing - Austin situation - NAACP - Involvement - Justice Department - Monitoring court cases via transcripts The U.S. initiative towards the People's Republic of China [PRC] Schedule - Eberle Eberle, Peter G. Peterson and Frederic V. Malek entered at 10:06 am. Greetings Mitchell left at 10:08 am. Special Trade Representative - Perceptions - Responsibilities, mission - Trade issues - Other countries - Perception of US commitment - Economic negotiation - Strategic Arms Limitation Treaty [SALT] comparison - Organization for Economic Cooperation and Development [OECD] - State Department - High level meeting - London Times - Commitments - David M. Kennedy - Budget memorandum - Shultz - Office of Management and Budget [OMB] - Perceptions - International negotiation - Status of missions - Timing of action -1972 election International economic relations - Europe, Japan - Singapore - Negotiation - Japan, the European Economic Community [Common Market] - Foreign, domestic policy - Council of Economic Advisors [CEA] - Toilet paper - Canada - Political factors - Labor unions - Business - Interests - U.S. stance - Kennedy's mission - Congressional support - Supersonic transport [SST] and aviation industry - The President's conversation with William M. Magruder - Lockheed - Rolls- Royce - McDonnell- Douglas - Production abroad - US stance - Anti- Trust situation - Richard W. McLaren Special Trade Representative - Focus - Representative - Trade policy - Location - Eberle's position - Relations with Peterson - Access to the President - Presidential assignment - State Department, Commerce Department, Treasury Department - Eberle's conversation with Connally - Japan - Undervalued yen - State Department - William P. Rogers - CEA - Treasury Department - Connally - Maurice H. Stans, James D. Hodgson - Clifford M. Hardin - Connally, Peterson - Executive departments - Focus - Commerce, Labor, Agriculture - Comparison to the President, Connally, Peterson - Handling of recommendations - Option papers for the President - Focus of Office of Special Trade Representative [OSTR] - Public announcement of change - Background press briefing - Commitment Eberle - Home - Location - Mrs. Eberle - Background OSTR - Timing of appointment - Connally meeting - Carl J. Gilbert - Federal Bureau of Investigation [FBI] background check - Number of applicants - OECD - Coordination - Meetings - Negotiation Eberle - Move to Washington Eberle et al. left at 10:26 am. Participants: Nixon, Richard M. (President); Haldeman, H. R. ("Bob"); Sanchez, Manolo; Bull, Stephen B.; [Unknown person(s)]; Tower, John G.; Richardson, Elliot L.; MacGregor, Clark; White House photographer; Eberle, William D.; Peterson, Peter G.; Malek, Frederic V.; Mitchell, John N.