Television correspondent David Schoumacher talks about beginning of phase II of U.S. President Richard Nixon's administration in Orlando, Florida. He briefly talks about phase I which took place at Washington. He states that phase II begins at Disney World in Orlando, Florida. He reports on a convention conducted by managing editors of newspapers. This news conference is for editors. The White House Press Corps is also there. The President of the Associated Press Managing Editors John Quinn addresses audience of the news conference. Cameramen with their recording cameras. John welcomes President Nixon to their 48th annual convention. President Nixon arrives on stage. The audience stand and clap for him. President Nixon gives John the opportunity to ask him the first question. John asks the President about keeping and maintaining 'The Republic' in the growing matter of the Watergate issue. The President elaborates on the issue. He takes the responsibility for the mistakes that were made. He assures the people that he will work for the cause of peace and to restore the confidence of the people in their President.
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