Democratic Cook County Treasurer Herbert C. Paschen, 51, last fall hired Banker Edmund Burke to investigate and correct the "horse-and-buggy" accounting system used in his Chicago office. He had considerable reason: press charges of a kickback "welfare fund" (which Paschen denied collecting) had just forced Paschen from the governor's race (TIME, Sept. 10). Another kick would be likely to finish him politically.
Last week Paschen announced that his worst fears had been confirmed. According to Banker Burke's report, a resounding $444,000 was missing from the county treasury, and, added Republican State's Attorney Benjamin Adamowski, the total might hit "millions" before...
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