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Newspaper
News
Location
Frederick, Maryland, United States of America
Date
May 01, 1974
Page
2
Transcribed White House tape excerpts reveal discussions among Nixon aides about neutralizing the Watergate scandal. The candidates weighed payoffs and coverups, with talk of securing money and managing witnesses, while considering how to handle the looming disclosures.
In Washington the Northrop Corp and two senior officials pleaded guilty to illegal contributions to Nixon reelection, fined 5000 for the company and its board chair James Allen 1000 for the VP. Judge Hart cited the new law and warned jail could follow in similar cases.
Sen. William Proxmire accused the Nixon administration of blocking GAO a probe into Navy sailors serving at the White House. GAO notes cite refusals to interview the Filipino stewards assigned to White House detail and Home staff events, with questions about authority and long hours and unpaid service at private parties.
A Nixon transcript from mid April 1973 shows the president advising aides to sue for libel to shape public opinion. He urges that a libel campaign could be "fun" and notes potential targets while discussing media leaks and avoiding the Washington Post to break the case.
Washington reports warn against adding to inflation as Nina Kos da and Louis Ty Heyand push for new price controls. Nixon meets 300 businessmen and wives at the Chamber of Commerce dinner as U.S. Steel to raise prices despite profit gains. President notes housing aid possible but favors restraint in inflation through policy.
U S Steel reports first quarter earnings of $493 million or $1.65 a share on sales of $9 billion, with shipments up 11 percent to 68 million tons. Chairman Edgar Speer notes ongoing cost pressures from materials and services require further price increases under a new three year labor pact granting 60 to 88 cent hourly raises.
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