Spiro Agnew division and uncertainty, and applauding Agnew for his patriotism and dedication to the welfare of the United States. House Minority Leader Gerald Ford, who would be Agnew's successor as vice president (and Nixon's as president) recalled that he heard the news while on the House floor and his first reaction was disbelief, his second sadness. Soon after his resignation, Agnew moved to his summer home at Ocean City. To cover urgent tax and legal bills, and living expenses, he borrowed $200,000 from his friend Frank Sinatra. He had hoped he could resume a career as a lawyer, but in 1974,
United States vice presidential selection, 1973 United States vice presidential selection, 1973 In 1973, Republican Vice President Spiro Agnew was forced to resign following a controversy over his personal taxes. Under the terms of the 25th Amendment, a vice presidential vacancy is filled when the president nominates a candidate who is confirmed by both houses of Congress. Republican President Richard Nixon thus had the task of selecting a vice president who could receive the majority support of both houses of Congress. Nixon considered selecting former Texas Governor John Connally, New York Governor Nelson Rockefeller, and California Governor Ronald Reagan. However, Nixon settled on House Minority Leader