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...urging of his wife, Ford had seriously considered winding up his political career in 1974. He has often said his highest ambition was to become Speaker of the House, and it did not look as if the Republicans were going to control the House any time soon. But then Spiro Agnew was forced to resign as Vice President, and Ford was made an offer he could not refuse. Although former Treasury Secretary John Connally may have been the President's first choice, Ford had the right look to Nixon. He had never wavered in his loyalty to the President; ever...

Author: /time Magazine | Title: THE NEW PRESIDENT: A MAN FOR THIS SEASON | 8/19/1974 | See Source »

...Ford has accepted the views of Republican leaders across the country. Ford plans to make his final decision by this week or next. The man he chooses must be confirmed by a majority vote of both Houses of Congress, as was the case when Nixon nominated Ford to succeed Spiro Agnew as Vice President last fall...

Author: /time Magazine | Title: THE NEW TEAM: THE TALENT SEARCH | 8/19/1974 | See Source »

...could easily hit six figures. By resigning, the former President saved his annual retirement pay of $60,000, plus $96,000 a year for staff and expenses. Even without his retirement pay, though, the ex-President would by no means face penury. Literary Agent Scott Meredith (among his clients: Spiro Agnew, Norman Mailer) announced that he had already told an inquiring Nixon aide last month that the Nixon memoirs would probably be worth $2 million, which would more than comfortably cover any legal costs. There are also the papers from the presidential years and earlier that could be sold. Finally...

Author: /time Magazine | Title: THE LEGAL AFTERMATH: CITIZEN NIXON AND THE LAW | 8/19/1974 | See Source »

Watergate and related scandals created a number of instant celebrities and brought notoriety, despair or both to some who were already prominent. A few of the best-known casualties maintained strict silence last week. Former Vice President Spiro Agnew and former Treasury Secretary John Connally would say nothing; at the Federal Prison Camp in Allenwood, Pa., Jeb Stuart Magruder watched the speech with other inmates. When an official asked what he thought, Magruder replied: "No comment." In Beverly Hills, John Dean told the federal marshals who are guarding him that he would say nothing about the resignation "today, tomorrow...

Author: /time Magazine | Title: U.S. REACTION: THE PEOPLE TAKE IT IN STRIDE | 8/19/1974 | See Source »

Karen Phillips, 24, director of Christian education at Trinity United and originally a Nixon fan, had felt betrayed by the Administration when Spiro Agnew fell in disgrace last October. But the President's farewell address shook her. "My heart went out to him," she said. "I really felt he was in the same room talking to me, apologizing to me." She was alone, and she wept before the TV set. Earlier, she had thought that Nixon should be subject to prosecution like any other citizen. After the speech she decided: "I think resigning is enough. I'm willing...

Author: /time Magazine | Title: The Nation: Regret and Tears in Beaver Falls | 8/19/1974 | See Source »

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