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Treas. Secretary Resigns #464067

NBC Evening News for Tuesday, May 16, 1972
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(Studio) Democrat John Connally resigns as Treasury Secretary Budget Director George Shultz replaces him. Casper Weinberger replaces Shultz.
REPORTER: John Chancellor

(White House) [NIXON - lauds Connally as architect of economic policy.] CONNALLY - is now in position for political opportunities in election yr., perhaps as Nixon's Vp, or on Democratic ticket.
REPORTER: Irving R. Levine

(Studio) Texans expect Connally to return to Texas and resume lucrative law practice. Nixon walks with Connally to Treasury Department, and on return to White House, plunges into crowd.
REPORTER: John Chancellor

(DC) [NIXON - talks with tourists outside White House] Nixon's action reaffirms view politicians should not shrink from meeting people; whole nation should not ho indicted for 1 tragic incident. Crowd pleasing makes Secret Servicemen extremely nervous.
REPORTER: Richard Valeriani

(Studio) Nixon, during walk, ways Russia trip is still on.
REPORTER: John Chancellor

Chancellor, John;
Levine, Irving R.;
Valeriani, Richard

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