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===Scandal===
Adams was forced to resign in 1958, when a House subcommittee revealed Adams had accepted an expensive [[vicuña]] overcoat and [[oriental rug]]<ref name=autogenerated1>[http://www.nndb.com/people/357/000094075/ Sherman Adams<!-- Bot- generated title -->]</ref> from Bernard Goldfine, a Boston textile manufacturer who was being investigated for [[Federal Trade Commission]] violations. Goldfine, who had business with the federal government, was cited for contempt of Congress when he refused to answer questions regarding his relationship with Adams.<ref>{{cite web|url=http://www.crisispapers.org/blogs-ep/409.htm|title=Ernest Partridge's Blogs Archive|date=September 30, 2004|deadurlurl-status=yesdead|archiveurl=https://web.archive.org/web/20051201101912/http://www.crisispapers.org/blogs-ep/409.htm|archivedate=December 1, 2005|df=mdy-all}}<br/>{{cite web|url=http://www.historyforsale.com/html/prodetails.asp?documentid=26624&start=1&page=150|title=SHERMAN "THE ICEBERG" ADAMS – TYPED LETTER SIGNED 10/08/1956 – DOCUMENT 26624}}</ref> The story was first reported to the public by [[muckraking]] journalist [[Jack Anderson (columnist)|Jack Anderson]].
 
Then Vice President Richard Nixon stated that he was assigned the onerous responsibility of telling Adams that he had to resign. He regretted the necessity, as Adams' career in politics ended and he went off "to operate a ski lodge" without any judicial findings. In [[the Nixon Interviews]], Nixon argued that he was unable to fire the White House staffers involved in the Watergate scandal, much as President Eisenhower was unable to directly fire Adams.<ref>Interview with David Frost included with the 2008 DVD re-release of the original 1977 Nixon interviews.</ref> However, according to ''[[Time (magazine)|Time]]'''s September 29, 1958, article on Adams, the job of firing Adams actually fell to [[Meade Alcorn]], not Nixon.<ref>{{cite web|url=http://www.time.com/time/magazine/article/0,9171,821155,00.html |title=THE ADMINISTRATION: Exit Adams|publisher=Time Magazine|date=September 29, 1958|accessdate=September 11, 2012}}</ref>
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