Nixon's and Agnew's Financial Assets

Richard Nixon is fond of the Horatio Alger cast to his life, but there is one milestone to go: he is not yet a millionaire. He is on the way, however, as shown by financial statements released last week by the White House on both the President and Vice President Spiro Agnew. The first such public accounting since 1969 notes that the President's net worth, thanks largely to his real estate investments--and inflation--has risen from $596,900 to $765,118. Nixon's assets:

> Cash, savings certificates and U.S. savings bonds, $363,585.

> Cash surrender value of life insurance and civil service retirement, $54,811.

> Personal property, $55,113.

> Real estate (his two houses in Key Biscayne, the family house in Whittier, Calif., and his San Clemente, Calif., estate), $809,747.

That makes his total worth $1,283,256, compared with $980,400 in 1969. Against his assets, Nixon lists $518,038 in mortgages and trust deed notes for the real estate properties, plus $100 for payroll taxes withheld for the Social Security deductions of Nixon's personal valet, Manolo Sanchez. Since the presidency provides for most of his needs, Nixon in theory should be able to save a good portion of his $200,000 salary plus $50,000 expense allowance. His only other source of income while in the White House is the interest earned by his savings accounts.

Agnew's financial position is similarly uncomplicated:

> Cash surrender value of life insurance and civil service retirement, $25,000.

> Cash in checking and savings accounts, $67,250.

> Monies in trust, $62,000.

> Personal property, $15,000.

> Real estate (property in Baltimore County, Md., and equity in a condominium in St. Croix, Virgin Islands), $29,000. The St. Croix apartment is valued at $49,000, but has a $35,000 mortgage.

Thus Agnew, on his salary of $62,500 a year and $10,000 for expenses has in 3 1/2 years increased his net worth by $87,166, to a total of $198,250. Clearly, the old saw that men leave the White House poorer than they come in is no longer true.

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