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Wednesday January 30, 1974
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This Day In 1970's History: Wednesday January 30, 1974
  • Indictments charging Howard Hughes and four of his associates with stock manipulation pertaining to the purchase of Air West Airlines were dismissed. [CBS]

  • President Nixon will deliver his State of the Union address personally to a joint session of Congress and to America by television; it is not known if Watergate will be mentioned. The President hopes to use the speech as a foundation for rebuilding and revitalizing his leadership. Nixon is highly unlikely to resign at this time.

    One important aspect of the President's proposals involves health care. The nation's health costs have skyrocketed; a national health insurance plan will be proposed by the President. Senator Edward Kennedy, who has also proposed national health insurance, believes that Nixon's plan means windfall profits for private insurance companies. Health, Education and Welfare Secretary Caspar Weinberger said he doesn't think windfall profits will be a problem. The Nixon plan builds around private enterprise as opposed to a complete government takeover. [CBS]

  • Attorney General William Saxbe will try to keep courts around the country from subpoenaing President Nixon. The President will not abide by a California subpoena to appear at John Ehrlichman's trial; he declined to attend on "constitutional grounds". Sources close to Ehrlichman reported that the subpoena of the President was simply a legal maneuver. If the President refused to testify, Ehrlichman could say his legal rights were violated.

    H.R. Haldeman appeared before a federal grand jury to discuss the erased White House tapes. President Nixon's personal secretary Rose Mary Woods will testify on Friday. [CBS]

  • Bebe Rebozo's lawyers demanded that Rebozo be given equal time during coverage of the Watergate hearings to rebut the committee's "false and malicious" news leaks. [CBS]

  • Senators and witnesses at a congressional hearing traced an intricate pattern of international financial arrangements involving oil companies, including a secret cabinet-level decision in 1950 to subsidize increased royalty payments to Arab oil nations by reducing taxes paid by the companies to the United States. [New York Times]
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