The Nation: Audits in New York

Abraham D. Beanie was elected mayor of New York City last November largely on the strength of his reputation as a solid, superefficient city controller, a post he held off and on for eight years. Last week the city's new controller, Harrison J. Goldin, charged that under Beame's stewardship the controller's office had been inexcusably sloppy in its record keeping and decidedly lax in accounting for city funds. Announcing the results of two separate audits that he had ordered after assuming office, Goldin first alleged that $5.4 million in bonds supposedly locked up...

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