 I think that thrilled the whole nation. I don't know if that's the best it could. As a matter of fact, I think it was the best speech of that type I ever heard. Well, thank you, thank you. Not a good reaction in the country, but I don't know how long it'll last. I'm sure it'll last. That's true. You still got the problem your country company had before? There hasn't been much change, Mr. President. I sure wish you'd come down and be Secretary of Treasury, but I don't want to offer it to you to accept. No, of course not. I don't want to get you a problem, and I don't want to get any in. Of course not. They've got a dozen speculated on, none of whom I really give them thought to, but I thought of three or four business people, and our balance payments are awfully rough, and we got this program working now, and the last several weeks it's very much on the plus side, and Martin thinks the banks are working and other things, and I think there's some way you could take a year or two off. Well, you know, sir, that I have absolutely no background in that area, and that every time I have one of those kind of decisions to make here in IBM, I have to rely on other people, and so I have real misgivings about it. Now, I ought to tell you another thing. Mary Rockefeller just left here a few minutes ago, and she's Lawrence's wife. She was in here on the YWCA business, but as she left, I said, Mary, what's the story on David and going to work in Washington? And I'm sure you're current on this, but I pass it on in case it may be of some help. And she said, well, she said we were talking to him not long ago out in the country, and he said that this was the sort of thing that if he was ever really called on to do it, he would have to give it serious consideration. Now, earlier in the game, he had come to me and asked me what I thought of that job in connection with your administration, and I told him I thought it would be the greatest thing in the world. Maybe somebody had made an overture to him. I don't know any of the background. No, no, my hairs. And he asked me whether I thought he could work with you, and I said that I thought that on an unqualified basis that he would work with you in a beautiful way. And he seemed to be heartened by that. Now, this was, I guess, in late December or early January, and I haven't heard anything more about it since, but then today, when I read the speculation about Don, why then I thought the matter might be open, and I just thought I'd throw that out to Mary, and she did come back with that answer, which might be of some help to you. Well, it is. I had two questions about him, which I'll talk to you very confidentially and frankly about. One, I didn't know how he felt about our money policy, and I'm very fearful that some of my New York banks are going to jump my interest rates, and I think if we develop a tight money policy, and it's been developing a little bit, that we could slow down our economy some, and I have enough problems with Martin and keeping him loosened up a little at five or six members of his board all the time that I wanted to tighten her up. And the average banker, and I've been one, I thank God I haven't got any advertisement that way, but we are the first ones that get our raise before the labor unions, before you mark up your machine, before anybody else, the banks always increase their interest. And they feel like they can do it without a contract or without a union agreement or without any profits or anything else. And I've got a big problem with my Federal Reserve making them keep enough money out to keep this interest rate down. And any excuse they find, they raise the hell out of it, and they just as dumb as they can be it doesn't make any difference what happens. George Humphrey, he just comes along here and he creates $12 billion deficit fires now. Well, he had the best intentions in the world. He just like my little daughter when she gets hold of a can of gasoline and walks around the fireplace. She's not really criminal, but she's just inadequate to this problem, man. I was afraid that he'd listen to George Champion a little bit. Well, I doubt if he would, sir. He had to live with George Champion in there, but he's a very liberal-minded... He is, but I don't know how he is on money. I don't think he ever associated himself with the position of the New York bankers in that balance of payments committee, which we worked on down there last year. He was always quite a different thinker than the head of the Guarantee Trust and so forth. So, you know, I'm not a technical fellow, so I can't guarantee it, but my guess is that with his exposure as LaGuardia's secretary years ago and LaGuardia's pretty liberal, I don't think he's going to follow any policies set by New York bankers in his own thinking. Well, some of our friends had raised that question about he had expressed a time or two that he thought we kind of had to keep this thing tightened up a little. The second question I raised was the problem of Nelson. Nelson's ambitious, and Nelson wants to be nominated, and Nelson wants to run, and a man's got to be loyal to his brother, and we all want him to and expect him to. And what would he do sitting in my cabinet when we're planning how to cut his brother's throat? Yeah, I hadn't thought, I think that's probably a real valid reason. For that reason, I never talked to anybody to talk to him or hadn't given him any consideration. I have given consideration to Bob Russo, who was the undersecretary. Well, I thought Bob Russo was terribly, terribly good. And I'm sure that if he was secretary, he'd do an excellent job, and if he could ever get him to come back and support somebody else, but they both do a good job. And you thought of this fellow who's head of the New York Federal Reserve District. They just say he is raised. Oh, God, he's a whole lot worse than these fellows here on tight money. Oh, really? He's just a raised male now. He's been on fire the other day. He demanded they jump him up already. Well, my guess is that Russo would find universal acceptance among weavers. They say, I've got lots of problems with him on the hill. You have no idea how many problems you've got touching base with everybody. They say, yes, he's not acclimated up there. He doesn't get along well there. He's a technical international money man, highly skilled and highly technical and very knowledgeable and very able. But as a man that can get through your tax bill, it's just like I'm becoming a jet pilot. Yeah, yeah. And that's a problem there. I've given some consideration to Bill Youngman, who I know Bill very well. He's a 5-8 cap of Harvard, very able fellow and with most of his international experiences out in the Pacific area and not where real problems are with France. He's some of the thinker, we wouldn't go so well. He's not very well known, but my guess is that if Bill was ever tapped for something down there, that he would get well known and be universally accepted. I think he's a man of great capacity. They say that Francis Dillon doesn't think he's heavy enough for you. I've always thought he was a pretty able fellow. His academic background is exceptional. It looks like he's made his entrance things go and it looks like they say he's too retiring, too shy, not well enough known, not knowledgeable enough about international monetary matters that the goal would scrim to death. I don't know about monetary matters, but I don't think you'd have any trouble on shyness. And in the nontechnical areas, I think he's a man of great substance. He's been in government, as you know, and he has made a tremendous success as that company which was put together by a kind of a hard driving fellow who really didn't know how to tie up the ends, and Bill has done a superb job in making it a really dependable company. So I have nothing but praise for Bill Youngman. Looks about good to you. He was on the council economic advisors on the Kennedy. He directed the budget. Some of them say he's too professorial. I suppose your banker friends would be happier if you'd be trying to banker. They all say be happier if you could find somebody that was a little more conservative than Kim Kermit is. I myself would feel he'd be great, but you've got to please the banking community and get him back to me. I think the banking community would be aghast at me, because they all know that I don't know anything except how to borrow money. I've borrowed a lot around here, but that's about my only contact with banking. The interesting thing, I've got 436 pro, 1436 pro telegram, and 82 columns. Well, I ought to give you a little heart, Mr. President. Harry Truman says you have expressed an unmistakable term, the conscience of the nation and the historical commitment of the nation's position on civil rights. You should have unqualified support, and you have all of mine. That's great. Well, I thought that it was the most forceful speech I ever saw anybody make when they were trying to lead a large group of people. I never saw you come through as strongly as that, nor anybody else come through on television that strongly. Republicans didn't want to get up, you know, and I told them about that when I was a kid and I was teaching in school, and I went home and never thought I'd be president. But I was, and I was going to do something about it. And I had this power and I meant to use it. And I looked over and they wouldn't get up at all, and all the Democrats were up, and I looked at the whole case from your jersey and Hugh Scott and Dirksen, and I looked at the camera and I just put my head back and I looked at them and I looked at the camera. They looked at all the damn cameras on them, and I wish you'd see them get up. I saw them get up, but I didn't know how to get up at all. Yeah, that's what I was doing, that's what I was doing, and they all of them had glue in their britches and they just stuck and they wouldn't come at all. And when I saw that camera start circling around on them, that little red light is the funniest thing I ever saw. Well, that was a stroke of genius. Well, they damn well ought to have gotten up because it was magnificent. Well, come how well do you know David? David? I think I could say that I knew him intimately, sir. Why don't you buy him a drank if he's around and ask him what he thinks about that you hear that they're going to raise the crime rate that you understand we're lending money up, we're paying four and three-eighths and lending four and a half, and that that's not enough for any bank to get by on according to what you hear, but you know I don't want it raised because it's going to tighten it up, but it looks like the bank is going to have to raise it and what does he think about it and how does he feel about my general monetary views of trying to make the dollar sound as a dollar and go good as gold, but try to keep ample money around so people can have some expansion and whether he would feel like Dylan or whether he would feel like champion. I'd be delighted to do that. Feel it out quick as you can. I just got 12 days to send a nomination up and get him confirmed and I can't let the gold mess with me one day without a secretary. And I don't know that this would work out. I would never suggest to him that at all, but I would just feel around and give me a reading on it and I've given more thought to him since I started talking to you and anybody. I'm crazy about this launch. It does more good work for our poor people. Yeah, he's a great fellow in every way. I just hope he doesn't get called on like you do too much. I'm just afraid that we all impose on you too much, but because you are one of us to you. You couldn't possibly impose on me and I will get the pitch on this as soon as I possibly can and be back to you. Thank you.