Vintage Pulp | Sportswire Mar 6 2010
JOLTIN' JOE
Joe Louis was indomitable during his prime, but was forced to fight long after his youth was gone.

Above we have a National Police Gazette with a boxing cover, from sixty years ago this month, with the editors’ warning to the retired Joe Louis to stay out of the ring. But what the Gazette didn’t know was that the 36 year-old Louis was under investigation by the IRS, and he suspected the outcome wouldn’t be good. In May 1950 Louis was jolted when the authorities declared that he owed half a million dollars in back taxes. With only one way to earn the cash, he cut a deal to box for prize money to put toward his debt. He fought and lost to Ezzard Charles in September, and the next year was knocked clean out of the ring by Rocky Marciano. But for all his efforts he was still in debt. The purses had been low because no one wanted to pay to see Louis—who was the first African-American considered a national hero by both blacks and whites—beaten to a pulp. After the Marciano debacle, the fight offers dried up. Louis retired again, and this one stuck. We’re going to get back to Joe Louis at a later date, because his is one of the more interesting and inspiring stories you’ll run across. His financial troubles were not so much a failure of character as a failure to comprehend the corrupting force of money, and the need to hire not just a lawyer, a manager, and an accountant, but a lawyer to watch your lawyer, a manager to watch your manager, and especially an accountant to watch your accountant. We have some Gazette interior pages below, and you can see the other Gazette boxing covers here and here. 

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History Rewind
The headlines that mattered yesteryear.
November 01
1938—Seabiscuit Defeats War Admiral
At Pimlico Racecourse in Baltimore, Maryland, the thoroughbred stallion Seabiscuit defeats the Triple Crown champion War Admiral in a match race that had been promoted as "The match of the Century" in horse racing. The victory made Seabiscuit a symbol of triumph against the odds during the dark days of the Depression, and his story became the subject of a 1949 film, a 2001 book, and a 2003 film, Seabiscuit, which was nominated for the Academy Award for Best Picture.
October 31
1984—Indira Gandhi Assassinated
In India, Prime Minister Indira Gandhi is assassinated by two of her own Sikh security guards in the garden of the Prime Minister's Residence at No. 1, Safdarjung Road in New Delhi. Gandhi had been walking to meet British actor Peter Ustinov for an interview. Riots soon break out in New Delhi and nearly 2,000 Sikhs are killed.
October 30
1945—Robinson Signs with Dodgers
Jackie Robinson, who had been playing with the Negro League team the Kansas City Monarchs, signs a contract with the Brooklyn Dodgers to become the first African-American major leaguer of the modern baseball era.
1961—Soviets Detonate Super Nuke
The Soviet Union detonates an experimental nuclear weapon called Tsar Bomba over the Arctic Circle, which, with a yield of 100 megatons of TNT, was then and remains today the most powerful weapon ever used by humanity.

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