A Letter From The Publisher, Oct. 20, 1975

As New York City's desperate leaders last week prayed for billions of federal dollars to stave off financial ruin, New York Bureau Chief Laurence Barrett entered his seventh month of directing coverage of his home town's woes. The assignment took him over familiar ground: born and raised in The Bronx, Barrett covered city hall for the now defunct Herald Tribune from 1959 to 1962.

Many of the city officials he knew on his old beat remain in high positions in city government. One of them, Mayor Abraham Beame, was director of New York's budget when Barrett first met him. "When I...

Want the full story?

Subscribe Now


Get TIME the way you want it

  • One Week Digital Pass — $4.99
  • Monthly Pay-As-You-Go DIGITAL ACCESS$2.99
  • One Year ALL ACCESSJust $30!   Best Deal!
    Print Magazine + Digital Edition + Subscriber-only Content on TIME.com

Learn more about the benefits of being a TIME subscriber

If you are already a subscriber sign up — registration is free!