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THE president HAS SEEN NEWS SUMMARY September 26, 1973 (Tuesday nets, wires) The major story of the day: - "Dizzying, bewildering and historic" was Chancellor's description of VP developments which led all nets. Following meeting w/RN, Richardson announced he'll let Beall take evidence against VP before grand jury. Minutes later VP, who'd also met earlier w/RN, asked Hill to undertake full inquiry into charges against him, a move immediately interpreted as preliminary move toward impeachment proceedings but also as a move by VP to seek vindication by House rather than asking for the initiation of impeachment proceedings. VP's letter to House said public leaks about evidence to be presented have "so fouled the atmosphere" that no Grand Jury could consider matter on its merits. VP said he was requesting House inquiry in the dual interests of his personal vindication and of preserving the constitutional status of his office. He said his lawyers advised him that there's a constitutional bar to indicting sitting Pres or VP w/out 1st impeaching them and that he couldn't therefore acquiesce to any criminal proceeding AG gave no indication VP's move would call off grand jury because he referred to it as investigative body and didn't say he'd press for indictment. Thus, as CBS' Graham noted, grand jury has 3 options -- to dismiss case on basis of insufficient evidence, to indict VP, or to send its findings to House to be used either in impeachment proceeding or inquiry such as VP's asked for. - Even as VP was on Hill, all nets noted WH released RN statement that VP in meeting personally denied any wrongdoing several times. RN urged US accord VP a presumption of innocence that's his right and his due. Nets noted Warren said VP's resignation wasn't offered and wasn't sought. Rather noted RN's praise of VP's service covered only last 4 1/2 years. And NBC's Brokaw noted RN didn't say he believed VP's claims of innocence or express confidence. Thus RN's not aligning himself w/VP who's clearly very much alone Chancellor observed that RN-VP relationship "seems to be in grave disrepair" w/both in bad trouble because their troubles are intertwined legally and politically. Thus w/tapes controversy and VP probe, John finds US "in for what can only be called a nasty chapter in US.history."