The gauge invariant observables of the closed bosonic string are quantized
without anomalies in four space-time dimensions by constructing their quantum
algebra in a manifestly covariant approach. The quantum algebra is the kernel
of a derivation on the universal envelopping algebra of an infinite-dimensional
Lie algebra. The search for Hilbert space representations of this algebra is
separated from its construction, and postponed.Comment: 22 pages. Revised: minor changes as in the published version (CMP