May 26, 1970

Chase Manhattan chmn D Rockefeller calls on Nixon to urge business and labor to take 'more responsible attitude' toward wage price increases in natl interest, s, Bklyn C of C luncheon; suggests Nixon give 2 or 3 'strong' TV talks to nation on problem; says he strongly opposes controls; L D Edie & Co holds controls, while unpleasant, are preferable to 'highly disruptive inflation;' Nixon Adm ex-official A H Cox Jr, who will become Edie's chief economist, argues against controls

US Govt officials say US plans to withdraw its troops ahead of June 30 deadline; say no new date is set for full pullout; rept destruction or removal of captured materiel are among problems in seeking to advance deadline; cite domestic and econ reasons for seeking to announce earlier pullout as soon as possible; admit possibility that air support for S Vietnamese will continue after withdrawal; Defense Dept repts 14,000 Amers now in Cambodia compared to 18,000 just after US entered on May 1; Adm officials say there is no longer any question about S Vietnamese staying after Amers leave

Adm informs Sen Foreign Relations Com it has decided to give about $7.5-million worth of arms to Cambodia on ground that such aid is important to US security, lr to Fulbright accompanied by document signed by Nixon on importance to US security; lr is classified as secret; Fulbright seeks to have classification changed that issue might be openly discussed

US Sup Ct, ruling in case of D J Schacht, who was convicted in '67 for wearing Army apparel while staging antiwar 'guerrilla theater' skit in Houston, unanimously strikes down provision of Fed statute making it a crime for actor to wear US mil apparel in theatrical production if portrayal reflects discredit on armed forces

HR unanimously approves bill to curb white-collar crime through use of secret Swiss accts; bill would require US banks and other financial insts to microfilm checks and other records of all foreign transactions and of domestic transactions of $500 and above by themselves and their clients; directs Treas Sec to order and supervise record keeping; rejects, 28-15, Patman amendment to delete $500 minimum on domestic transactions; Treas and major banks are expected to renew effort to defeat or weaken number of provisions, including record-keeping requirement, in Sen; Repr Widnall, in supporting bill, indicated Adm will shift activity to Sen; called for careful consideration of 'numerous amendments' Treas will offer at Sen com hearings; cited threat to nation's moral fiber and to gen compliance with tax collection because of widespread use of secret accts for tax and securities violations as reason for supporting bill