Gerald Ford was ebullient. With justifiable satisfaction, the President called a televised press conferencehis first since Februaryto drive home the point that he had been cleared by Watergate Special Prosecutor Charles Ruff of any possible charge of illegality in the handling of his congressional campaign funds since 1964. 'The special prosecutor has finally put this matter to rest once and for all," declared Ford. Indeed, Ruff had said flatly: "The matter has now been closed."
An allegation that Ford had put political funds in his own pocket had been lodged with the FBI last...