74. Editorial Note

On August 27, 1974, President’s Counselor for Economic Policy Kenneth Rush sent President Gerald Ford a memorandum on the U.S. position on gold. Attached to the memorandum were three documents: Economic Decision Memorandum #2, referred to in Document 69; Rush’s June 4 memorandum “transmitting a suggested U.S. position on gold prepared by Secretary Simon,” Document 68; and Council of Economic Advisers Chairman Herbert Stein’s June 3 memorandum on gold, Document 67. A notation on Rush’s August 27 memorandum to President Ford indicates the President saw it.

On September 25, President’s Special Assistant Jerry Jones wrote to Rush concerning the U.S. position on gold: “Your memorandum to the President of August 27 on the above subject has been reviewed and the following comments were made on September 24: —I am returning this to you as I clean up desk. Several weeks ago we had meeting on this. What was decision? Or, was position deferred? Please follow-up with the appropriate action.” (Ford Library, President’s Handwriting File, Subject File, Box 19, Finance—Gold)