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,
Spiro Agnew of other candidates was little more than a charade. On August 8, after a final meeting of advisers and party leaders, Nixon declared that Agnew was his choice, and shortly afterwards announced his decision to the press. Delegates formally nominated Agnew for the vice presidency later that day, before adjourning. In his acceptance speech, Agnew told the convention he had "a deep sense of the improbability of this moment". Agnew was not yet a national figure, and a widespread reaction to the nomination was "Spiro who?" In Atlanta, three pedestrians gave their reactions to the name when interviewed on television: