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Ronald Reagan Presidential Library
Digital Library Collections
This is a PDF of a folder from our textual
collections.
Collection: President, Office of the: Presidential
Briefing Papers: Records, 1981-1989
Folder Title:05/13/1982 (Case File: 082793)
Box: 17
To see more digitized collections visit:
https://reaganlibrary.gov/archives/digital-library
To see all Ronald Reagan Presidential Library
inventories visit:
https://reaganlibrary.gov/document-collection
Contact a reference archivist at:
[email protected]
Citation Guidelines: https://reaganlibrary.gov/citing
ID #. 082793
WHITE HOUSE
OFFICE OF RECORDS MANAGEMENT
TR
WORKSHEET
X MEDIA
H . INTERNAL
Subject Codes:
Name of Document:
BRIEFING PAPERS FOR
PR007.01
APPOINTMENTS FOR MAY 1382
PRESIDENT'S SCHEDULED
1) Subject: meeting with Commercial Banking
EL 004
leaders regarding budgetlegislation
BE 003.
FL 002
2) Ceremony commemorating small
MA 005.
Business week
HO 105.
-
#
ROUTE TO:
ACTION
DISPOSITION
Tracking
Type
Completion
Action
Date
of
Date
Office/Agency
(Staff Name)
Code
YY/MM/DD
Response
Code
YY/MM/DD
RMMATT
RSZ
/ /
/ /
Referral Note:
DCF
UNPUBLISHED
May 12, 1982
5:00 pm
THE WHITE HOUSE
WASHINGTON
THE PRESIDENT'S SCHEDULE
Thursday, May 13, 1982
8:45 am
National Security Briefing
Residence
(15 min)
(William P. Clark),
9:00 am
Breakfast with President Figueiredo 9:40
Residence
(30 min)
(William P. Clark/Muffie Brandon)
9:30 am
Staff Time 9:45
Oval Office
(30 min)
(Baker, Meese, Deaver)
10:00 am
Personal Staff Time
Oval Office
(45 min)
10:45 am
Meeting with Leaders of Major American
Cabinet Room
(45 min)
Banks
(Elizabeth Dole)
11:30 am
Small Business Week Ceremony honoring
Rose Garden
(15 min)
Small Business Person of the Year
(Elizabeth Dole)
12:00 m
Lunch and Personal Staff Time 11:45-1:00
Oval Office
(60 min)
1:00 pm
Meeting with the President's Foreign Intel-
Cabinet Room
(30 min)
ligence Advisory Board 1:00- 205 1:35
(William P. Clark)
BILL CLARK 1:35-2:00
1:30 pm
Pre-News Conference Briefing 2:05 - 3:33
Family Theater
(2 1/2hrs)
(David Gergen/Larry Speakes)
4:00 pm
Personal Staff Time for remainder of
Oval Office or
the afternoon 3:33-7:50
Residence
8:00 pm
News Conference
East Room
(30 min)
(David Gergen/Larry Speakes)
May 13, 1982 -- 1:00 p.m.
THE WHITE HOUSE
WASHINGTON
Cabinet Room
May 13, 1982
Meeting with PFIAB
MEMBERS OF THE PRESIDENT'S FOREIGN INTELLIGENCE ADVISORY BOARD
ANNE ARMONSTRONG, CHAIRMAN
LEO CHERNE, VICE CHAIRMAN
DR. DAVID M. ABSHIRE
DR. MARTIN C. ANDERSON
DR. WILLIAM O. BAKER
ALFRED S. BLOOMINGDALE (ABSENT)
COLONEL FRANK BORMAN, USAF (RET.)
DR. W. GLENN CAMPBELL
GOVERNOR JOHN B. CONNALLY (ABSENT)
DR. JOHN S. FOSTER, JR.
LEON JAWORSKI, ESQ.
THE HONORABLE CLARE BOOTHE LUCE (ABSENT)
ADMIRAL THOMAS H. MOORER, USN (RET.)
MR. PETER O'DONNELL, JR.
MR. H. ROSS PEROT
MR. JOE M. RODGERS
DR. PAUL SEABURY
MR. ROBERT F. SIX
THE HONORABLE SEYMOUR WEISS
EDWARD BENNETT WILLIAMS, ESQ.
STAFF MEMBERS
REAR ADMIRAL JAMES SAGERHOLM
CAPTAIN FRED DEMECH
MS. CAROL PATRICK
MS. GWEN SCHROEDER
UNPUBLISHED
May 12, 1982
5:00 pm
THE WHITE HOUSE
WASHINGTON
THE PRESIDENT'S SCHEDULE
Thursday, May 13, 1982
8:45 am
National Security Briefing
Residence
(15 min)
(William P. Clark) KENDEGRAFFENKEID KEN
9:00 am
Breakfast with President Figueiredo
Residence
(30 min)
(William P. Clark/Muffie Brandon)
(distributed separately)
9:30 am
Staff Time
Oval Office
(30 min)
(Baker, Meese, Deaver)
10:00 am
Personal Staff Time
Oval Office
(45 min)
10:45 am
Meeting with Leaders of Major American
Cabinet Room
(45 min)
Banks
(Elizabeth Dole)
(TAB A)
11:30 am
Small Business Week Ceremony honoring
Rose Garden
(15 min)
Small Business Person of the Year
(Elizabeth Dole)
(TAB B) (draft remarks attached
12:00 m
Lunch and Personal Staff Time
Oval Office
(60 min)
1:00 pm
Meeting with the President's Foreign Intel- Cabinet Room
(30 min)
ligence Advisory Board
(William P. Clark) LEOCHUICN WIFE (distributed separately)
ANIVE ARMSTRONG
1:30 pm
Pre-News Conference Briefing
Family Theater
(2 1/2hrs)
(David Gergen/Larry Speakes)
4:00 pm
Personal Staff Time for remainder of
Oval Office or
the afternoon
Residence
8:00 pm
News Conference
East Room
(30 min)
(David Gergen/Larry Speakes)
UNPUBLISHED
May 12, 1982
11:00 am
THE WHITE HOUSE
WASHINGTON
THE PRESIDENT'S SCHEDULE
Thursday, May 13, 1982
9:00 am
Staff Time
Oval Office
(30 min)
(Baker, Meese, Deaver)
9:30 am
National Security Briefing
Oval Office
(15 min)
(William P. Clark)
9:45 am
Senior Staff Time
Oval Office
(15 min)
10:00 am
Personal Staff Time
Oval Office
(45 min)
10:45 am
Meeting with Leaders of Major American
Cabinet Room
(45 min)
Banks
(Elizabeth Dole)
11:30 am
Small Business Week Ceremony honoring
Rose Garden
(15 min)
Small Business Person of the Year
(Elizabeth Dole)
12:00 m
Lunch and Personal Staff Time
Oval Office
(60 min)
1:00 pm
Meeting with the President's Foreign Intel- Cabinet Room
(30 min)
ligence Advisory Board
(William P. Clark)
1:30 pm
Pre-News Conference Briefing
Family Theater
(2 1/2hrs)
(David Gergen/Larry Speakes)
4:00 pm
Personal Staff Time for remainder of
Oval Office or
the afternoon
Residence
8:00 pm
News Conference
East Room
(30 min)
(David Gergen/Larry Speakes)
PRESS Cont. 10
UNPUBLISHED
May 12, 1982
5:00 pm
THE WHITE HOUSE
WASHINGTON
THE PRESIDENT'S SCHEDULE
Thursday, May 13, 1982
8:45 am
National Security Briefing
Residence
(15 min)
(William P. Clark)
9:00 am
Breakfast with President Figueiredo
Residence
(30 min)
(William P. Clark/Muffie Brandon)
(distributed separately)
9:30 am
Staff Time
Oval Office
(30 min)
(Baker, Meese, Deaver)
10:00 am
Personal Staff Time
Oval Office
(45 min)
10:45 am
Meeting with Leaders of Major American
Cabinet Room
(45 min)
Banks
(Elizabeth Dole)
(TAB A)
11:30 am
Small Business Week Ceremony honoring
Rose Garden
(15 min)
Small Business Person of the Year
(Elizabeth Dole)
(TAB B) (draft remarks attached
12:00 m
Lunch and Personal Staff Time
Oval Office
(60 min)
1:00 pm
Meeting with the President's Foreign Intel- Cabinet Room
(30 min)
ligence Advisory Board
(William P. Clark)
-
(distributed separately)
1:30 pm
Pre News Conference Briefing
Family Theater
(2 1/2hrs)
(David Gergen/Larry Speakes)
4:00 pm
Personal Staff Time for remainder of
Oval Office or
the afternoon
Residence
8:00 pm
News Conference
East Room
(30 min)
(David Gergen/Larry Speakes)
UNPUBLISHED
May 12, 1982
5:00 pm
THE WHITE HOUSE
WASHINGTON
THE PRESIDENT'S SCHEDULE
Thursday, May 13, 1982
8:45 am
National Security Briefing
Residence
(15 min)
(William P. Clark)
9:00 am
Breakfast with President Figueiredo
Residence
(30 min)
(William P. Clark/Muffie Brandon)
(distributed separately)
9:30 am
Staff Time
Oval Office
(30 min)
(Baker, Meese, Deaver)
10:00 am
Personal Staff Time
Oval Office
(45 min)
10:45 am
Meeting with Leaders of Major American
Cabinet Room
(45 min)
Banks
(Elizabeth Dole)
(TAB A)
11:30 am
Small Business Week Ceremony honoring
Rose Garden
(15 min)
Small Business Person of the Year
(Eliabeth Dole)
(TAB B) (draft remarks attached)
12:00 m
Lunch and Personal Staff Time
Oval Office
(60 min)
1:00 pm
Meeting with the President's Foreign Intel- Cabinet Room
(30 min)
ligence Advisory Board
(William P. Clark)
(distributed separately)
1:30 pm
Pre-News Conference Briefing
Family Theater
(2 1/2hrs)
(David Gergen/Larry Speakes)
4:00 pm
Personal Staff Time for remainder of
Oval Office or
the afternoon
Residence
8:00 pm
News Conference
East Room
(30 min)
(David Gergen/Larry Speakes)
A
THE WHITE HOUSE
WASHINGTON
May 12, 1982
MEETING WITH COMMERCIAL BANKING LEADERS
DATE:
May 13, 1982
LOCATION:
Cabinet Room
TIME:
10:45 - 11:30 a.m.
FROM:
Elizabeth H. Dole
I.
PURPOSE
To gain support from the commercial banking industry for the
Domenici budget compromise.
II.
BACKGROUND
Participants are leaders of most major commercial banks and
principal regional banks in the country. Commercial bankers
were enthusiastic about your election and have been supportive
of your Economic Recovery Plan. However, they have been dis-
couraged by what they perceive as preferential treatment of the
thrift industry, including last year's support of All-Savers,
and the Treasury Department's slow approach to deregulation
of the banking industry.
Despite these grievances, the bankers remain supportive of your
Economic Recovery Plan. This will be their first White House
meeting. Prior to your arrival, the group will have been briefed
by Ed Harper, Senator Pete Domenici and the Vice President.
Treasury Deputy Secretary Tim McNamar will be available to
handle specific industry concerns, if raised.
III. PARTICIPANTS
See attached list.
IV. PRESS PLAN
Press pool photo coverage.
V.
SEQUENCE OF EVENTS
10:45 a.m.
You enter the Cabinet Room and take your seat
for brief press photos.
10:50 a.m.
On press departure, you offer brief remarks,
followed by discussion.
11:15 a.m.
You thank your guests and take your leave.
Attachments:
Participants List
Talking Points
PARTICIPANT LIST
PRESIDENTIAL MEETING WITH COMMERCIAL BANKING LEADERS
5/13/82
Lawrence M. Small, Executive V. P.
Citicorp, New York
Llewellyn (Lou) Jenkins, Vice Chairman
Manufacturers Hanover, New York
Robert V. Lindsay, President
Morgan Guaranty, New York
Roger Anderson, Chairman
Continental Illinois Corp., Chicago
Walter Shipley, President
Chemical New York Corp., New York
David Barnes, Chairman
Mellon National Corp., Pittsburgh
Richard D. Hill, Chairman
First National Boston Corp., Boston
J. Morris Dorrance, Jr., Chairman/CEO
Philadelphia National Corp., Philadelphia
Charles Zwick, Chairman
Southeast Banking Corp., Miami
John Medlin, Chairman
Wachovia Corp., Winston-Salem
Lee E. Gunderson, Chairman
American Bankers Assn. (Pres. of
Osceola (WI) Bank)
Hugh M. Chapman, Chairman
Citizens and Southern Natl. Bank (SC)
Willis W. Alexander, Exec. V. P.
American Bankers Association
Gerald M. Lowrie, Executive Director
American Bankers Association
Phil Jackson, Chairman/CEO
Central Bank of Birmingham (AL)
George H. Dixon, President
First Bank System, Inc. (Minneapolis)
Robert W. Renner, Chairman
Citizens National Bank, Hartford City (IN)
Meeting with Commercial Banking Companies
Page 2
May 13, 1982 -- Cabinet Room
John Place, Chairman
Crocker National Corp., San Francisco
Douglas A. Herring, Chairman
Security State Bank, Starkville (MS)
Ronald A. Terry, Chairman
First Tennessee Natl. Corporation (Memphis)
Charles T. Fisher, III, President
National Bank of Detroit (Detroit)
SUGGESTED TALKING POINTS FOR MEETING WITH
COMMERCIAL BANKING INDUSTRY LEADERS
-- Thank you all for coming here on such short notice. I have
asked you to come, however, because of the importance and
urgency of the situation.
--
We don't have the luxury of waiting any longer -- we must get
the budget and federal spending under control in order to
reduce deficits and help get those interest rates down.
-- As you know, we've tried to negotiate a bi-partisan compromise,
but the Democratic leadership made this impossible. As you have
heard from Senator Domenici, we have a plan to reduce the deficit
over three years by $416 billion, and it is a plan that keeps our
economic recovery plan intact, provides for a strong national
defense, and begins to deal with the entitlement question. The
Democrats' plan does none of these. Their plan is simply the
same old tax, tax -- spend, spend one that got us into this mess.
--
As you know better than anyone else, interest rates are high,
too high. One reason is that despite the good news we've been
having on inflation, the money market is afraid we're going to
go for artificial quick fixes to get us out of this recession.
-- Well, I've said it before and I'll say it again -- we aren't going
to turn on the printing presses and flood the economy with paper
money. Inflation is coming down and its going to stay down.
- 2 -
-- The other reason rates are high is that Congress hasn't yet got
the message that runaway federal spending is a disaster and those
deficits are just too big. But Congress won't get the message if
you and business stay on the sidelines.
-- The commercial banking industry must be willing to help in the process.
Public support from you for the Domenici plan can impact the process.
You can publicly tell your elected representatives what it takes to
bring interest rates down - a responsible budget based more on
decreased spending than increased taxes. The problem now lies
in one place -- the Congress of the United States. You can no
longer simply be critics or spectators. Our problem is your
problem and Senator Domenici, the American people and I need you
involved on behalf of the Domenici's proposal.
B
THE WHITE HOUSE
WASHINGTON
May 12, 1982
CEREMONY COMMEMORATING SMALL BUSINESS WEEK
DATE:
May 13, 1982
LOCATION:
Rose Garden
TIME:
11:30 - 11:45 a.m.
FROM:
Elizabeth H. Dole
I.
PURPOSE
To reaffirm your support for small business and to marshall the
resources of the community to work on your behalf. Additionally,
to recognize the top small business people throughout the United
States and the leadership of the "Slow Pay" coalition, which
worked to pass the Prompt Payment Act, which requires the Federal
Government to pay its bills on time.
II. BACKGROUND
Small business has provided the bedrock of support for you through-
out your political career. Your small business policies were
articulated in The State of Small Business report, transmitted to
the Congress after a March 1 East Room signing ceremony.
The SBA annually selects a small business person from each of fifty
states to be honored for their contributions to America's economy.
The three outstanding small business people in the country are
recognized in a White House ceremony. Last year's awards were
presented by the Vice President, during your recovery, in the
First Lady's garden.
Prompt pay legislation has been a top priority for a broad coalition
of 45 small business trade associations. The "Slow Pay" coalition
worked extensively with Administration representatives and reached
a compromise on the Prompt Payment Act, which passed with no dis-
senting votes. You endorsed this legislation in your March 1, 1982
Message to the Congress. This recognition will permit you to make
good on your pledge.
III. PARTICIPANTS
Approximately 180 persons including 50 award recipients and their
families. (List of platform participants attached.)
IV. PRESS PLAN
Full press coverage.
- 2 -
V.
SEQUENCE OF EVENTS
11:30 a.m.
You move directly to the Rose Garden podium and
deliver your prepared remarks.
11:40 a.m.
You read brief comments and present the national
small business award to couples in the following
order: Mr. and Mrs. Richard Mystrom, Second Runner-
up; Mr. and Mrs. Atilano Cordero-Badillo, First
Runner-up; and Mr. and Mrs. Edward F. Shorma, Winner.
As their names are announced, each couple will step
forward to receive the award.
11:45 a.m.
On conclusion of presenting the award to Mr. and Mrs.
Shorma, you thank your guests and depart.
Attachment
Participants List
THE WHITE HOUSE
WASHINGTON
May 12, 1982
CEREMONY COMMEMORATING SMALL BUSINESS WEEK
Small Business Person of the Year Award Winners
Small Business Winner:
Wife:
Mr. Edward F. Shorma
(Patricia Shorma)
President
Wahpeton Canvas Company, Inc.
Wahpeton, North Dakota
First Runner-up:
Wife:
Mr. Atilano Cordero-Badillo (Abigail Torres Cordero)
President
A. Cordero-Bodillo, Inc.
Catano, Puerto Rico
Second Runner-up:
Wife:
Richard Mystrom
(Mary Mystrom)
President
Mystrom Advertising
Anchorage, Alaska
Slow Pay Coalition Leader:
Kenton Pattie
Senior Staff Vice President
National Audio-Visual Association
Administration
Elizabeth H. Dole
James Sanders, Administrator, Small Business Administration
CEREMONY COMMEMORATING SMALL BUSINESS WEEK
Small Business Winner:
Ed Shorma borrowed $1,500 to buy a shoe repair
business in Wahpeton, North Dakota, in 1953. The busi-
ness earned $5,600 that first year. Shorma then began
to repair swather canvases and tarps for farm equip-
ment-the first products of the Wahpeton Canvas Com-
pany. Through a series of innovations. the Company ex-
panded its product line and moved into the basement of
a clothing store, then into a modern industrial site. It
now grosses more than $6 million a year and employs
Edward F. Shorma
180 workers in its main plant, plus some 40 handi-
President
capped workers in homes and sheltered workshops. The
Wahpeton Canvas Co., Inc.
company now has four divisions-metal. fabrics, wood,
Wahpeton. North Dakota
and rubber. The company also is working to become
energy self-supporting, using wood waste and waste
heat from a rubber vulcanizing process. Shorma has
served in the state legislature and is active in area
business and community development organizations.
First Runner-up:
"La Patria" was the name Atilano Cordero-Badillo gave
to the small store he purchased 12 years ago with
$3,000 in savings and a $2,000 loan. Within a year, he
was able to pay off the loan, and soon opened a small
cash-and-carry next door with a loan from the Small
Business Administration. Soon his business had grown
enough to justify another expansion. By 1978, he had
begun construction of a huge new warehouse. In Carolina,
Atilano Cordero-Badillo
Puerto Rico, in 1981, he opened La Grande, Inc., a large
President
"consumer warehouse" which supplies groceries to
A. Cordero-Badillo, Inc.
small retailers and individual customers at low prices.
Catano, Puerto Rico
Two more La Grande stores were scheduled for opening
in 1981 and 1982. Annual sales have now reached about
$50,600,000 and facilities occupy 73,000 square feet.
Badillo, who completed his own high school education
while working in the daytime, grants annual scholar-
ships to outstanding area students.
Second Runner-up:
Winner of many of "Best of the North" and other
awards for excellence in advertising, Mystrom Advertis-
ing has earned the business of some of Alaska's major
companies. Richard Mystrom came to Alaska in 1972
with his wife, child, $700 and no job. He joined an ad
agency which in 1975 had three employees and reve-
nues of $150,000 annually. After Mystrom bought out
his partner and founded Mystrom Advertising in 1976,
the company had record sales each year. The firm had
Richard E. Mystrom,
a staff of 21 in 1981; revenues were expected to top
President
$2.5 million. Best of the North awards to the company
Mystrom Advertising
in 1981 included Best TV Ad, Best TV Production Under
Anchorage, Alaska
$2,000, Best Newspaper Ad and Best Ad Campaign in a
Single Medium. A new division, Mystrom Research, has
been established. Mystrom has served as an Anchorage
assemblyman, founded Big Brothers of Anchorage, and
has served in numerous civic organizations.
(Parvin/AB)
May 12, 1982
3:00 p.m.
REMARKS: SMALL BUSINESS WEEK CEREMONY
MAY 13, 1982
Good morning and welcome to the White House once again.
It's always an honor for this house to welcome those who so
clearly represent America's values. I've said before that for me
small business is the heart and soul of free enterprise. And
today we are honoring the individuals who are the embodiment of
that heart and soul -- the small business person. We are paying
tribute to the people who are out there creating new jobs,
inventing products, and expanding the economy.
You know Teddy Roosevelt once pointed out that it
"
ought to be evident to everyone that business has to
prosper before anybody can benefit from it." Unfortunately, it
is not evident to enough people in this town. Over the years,
they have taxed and shackled and burdened small businesses. For
many small firms just surviving in the business climate of the
last 5 years has been a daily struggle.
Since we came into office, we've tried to take hold of the
problems facing small businesses and begin to turn them around.
Let me give you the details of what we're doing here because I
think it adds up to a pretty good record.
First we enacted a tax program that provides real help for
the small business community. The 25 percent reduction in
personal tax rates could easily be called a small business tax
cut since at least 85 percent of all U.S. firms pay their taxes
by personal rates, not corporate ones. The tax program also
Page 2
includes such provisions as accelerated depreciation and higher
allowances for Keogh plans and IRA's. And the estate tax
exemption is of special help to farmers and family businesses.
We cut the growth in Federal regulations by a third, plus we
cut from 10 years to five the deadline for Federal agencies to
review existing regulations and spot those harmful to small
business.
We don't want the Government to be a deadbeat either, so I
will soon sign the Prompt Payment Act to make sure the Government
pays its debts on time. I'd sign the act today but the
Government didn't pay its pen bill, so I don't have anything to
write with. I know representatives of the small business Slow
Pay Coalition, along with their leader, Kenton Pattie, are with
us today. You all deserve a tip of the hat in congratulations
and appreciation for your efforts.
And I agree with you completely; Government contracts should
be paid the same as any other business contracts -- on time.
You know this was a terrible problem. As interest rates
soared last year to over 20 percent, thousands of businesses had
to borrow while waiting for their own Government to pay up. In
effect, the Government was borrowing interest free from small
business. It wasn't fair and with the coalition's help, we set
things right.
We are also supporting policies that will give small
businesses a fairer chance to compete for Federal R&D
opportunities. Another priority is to get the Federal Government
out of competition with private industry in providing goods and
Page 3
services to be used by the Federal Government. This is work
small businesses could be doing, and could be doing profitably,
at less cost to the taxpayer. Meanwhile, over at the Small
Business Administration, Jim Sanders is shaking things up the
better to serve your interests.
Now in terms of the economy itself, the inflation rate is
drastically down from when we took office. Interest rates are
also down but, obviously, that's not good enough because they're
still killing you. I think we'll see real progress on interest
rates once the financial markets finally wake up to the fact that
not only is inflation coming down -- this time we're going to
keep it there.
You here today understand that it takes time to make an
enterprise -- or an economic program -- work. We spent our first
year putting the business together and we just opened the doors
in October. We've got a good product and we're confident this
will be a successful venture.
I would be elated if it were anywhere near as successful as
the three award winners we have here today. To our honorees,
Edward Shorma, Atilano Cordero-Badillo, and Richard Mystrom, just
let me say -- you wouldn't want to work on the budget would you?
Seriously, you gentlemen represent not only the entrepreneurial
spirit, but the voluntary spirit as well, because you're each
involved in your home communities. You not only have America's
congratulations on what you've accomplished; you've got her
thanks. And now I'd like to hand out the awards and shake these
gentlemen's hands.