I'll have to start early. I was born in 1913. Our family was one of modest circumstances, and most of my early life was spent in a store out in East Whittier. It was a grocery store, one of those family enterprises. The only reason we were able to make it go was because my mother and dad had five boys, and we all worked in the store. I worked my way through college, and, to a great extent, through law school. And then in 1940, probably the best thing that ever happened to me happened. I married Pat who is sitting over here. We had a rather difficult time after we were married, like so many of the young couples who may be listening to us. I practiced law. She continued to teach school.
Then, in 1942, I went into the service. Let me say that my service record was not a particularly unusual one. I went to the South Pacific. I guess I'm entitled to a couple of battle stars. I got a couple of letters of commendation. But I was just there when the bombs were falling. And then I returned -- returned to the United States, and in 1946, I ran for the Congress. When we came out of the war -- Pat and I -- Pat during the war had worked as a stenographer, and in a bank, and as an economist for a Government agency -- and when we came out, the total of our savings, from both my law practice, her teaching and all the time I was in the war, the total for that entire period was just a little less than $10,000 -- every cent of that, incidentally, was in Government bonds. Well that's where we start, when I go into politics.
Now, what have I earned since I went into politics? Well, here it is. I've jotted it down. Let me read the notes. First of all, I have had my salary as a Congressman and as a Senator. Second, I have received a total in this past six years of $1,600 from estates which were in my law firm at the time that I severed my connection with it. And, incidentally, as I said before, I have not engaged in any legal practice and have not accepted any fees from business that came into the firm after I went into politics. I have made an average of approximately $1,500 a year from nonpolitical speaking engagements and lectures.
And then, fortunately, we have inherited little money. Pat sold her interest in her father's estate for $3,000, and I inherited $1,500 from my grandfather. We lived rather modestly. For four years we lived in an apartment in Parkfairfax, in Alexandria Virginia. The rent was $80.00 a month. And we saved for the time that we could buy a house. Now, that was what we took in. What did we do with this money? What do we have today to show for it? This will surprise you because it is so little, I suppose, as standards generally go of people in public life.
First of all, we've got a house in Washington, which cost $41,000 and on which we owe $20,000. We have a house in Whittier, California which cost $13,000 and on which we owe $3,000. My folks are living there at the present time. I have just $4,000 in life insurance, plus my GI policy which I've never been able to convert, and which will run out in two years. I have no life insurance whatever on Pat. I have no life insurance on our two youngsters Tricia and Julie. I own a 1950 Oldsmobile car. We have our furniture. We have no stocks and bonds of any type. We have no interest of any kind, direct or indirect, in any business. Now, that's what we have. What do we owe?
Well in addition to the mortgage, the $20,000 mortgage on the house in Washington, the $10,000 one on the house in Whittier, I owe $4500 to the Riggs Bank in Washington, D.C., with interest 4 and 1/2 percent. I owe $3,500 to my parents, and the interest on that loan, which I pay regularly, because it's a part of the savings they made through the years they were working so hard -- I pay regularly 4 percent interest. And then I have a $500 loan, which I have on my life insurance.
Well, that's about it. That's what we have. And that's what we owe. It isn't very much. But Pat and I have the satisfaction that every dime that we've got is honestly ours. I should say this, that Pat doesn't have a mink coat. But she does have a respectable Republican cloth coat, and I always tell her she'd look good in anything.
- Richard M. Nixon: "Checkers"
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