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.
May 03
2003—Suzy Parker Dies
American model and actress Suzy Parker, who appeared the films Funny Face and Kiss Them for Me, was the first model to earn more than $100,000 a year, and who was a favorite target of the mid-century tabloids, dies at home in Montecito, California, surrounded by family friends, after electing to discontinue dialysis treatments.
May 02
1920—Negro National Baseball League Debuts
The first game of Negro National League baseball is played in Indianapolis, Indiana. The league, one of several that would be formed, was composed of The Chicago American Giants, The Detroit Stars, The Kansas City Monarchs, The Indianapolis ABCs, The St. Louis Giants, The Cuban Stars, The Dayton Marcos, and The Chicago Giants.
1955—Williams Wins Pulitzer
American playwright Tennessee Williams wins the Pulitzer Prize for Drama for his controversial play Cat on a Hot Tin Roof, which tells the story of a southern family in crisis, explicitly deals with alcoholism, and contains a veiled subtext concerning homosexuality in southern society. In 1958 the play becomes a motion picture starring Elizabeth Taylor and Paul Newman.
May 01
1945—Germany Announces Hitler's Death
German radio in Hamburg announces that Adolf Hitler was killed in Berlin, stating specifically that he had fallen at his command post in the Reich Chancery fighting to the last breath against Bolshevism and for Germany. But in truth Hitler had committed suicide along with his mistress Eva Braun, and both bodies were immediately thereafter burned.
1960—Powers Is Shot Down over U.S.S.R.
Francis Gary Powers, flying in a Lockheed U-2 spy plane, is shot down over the Soviet Union. The U.S. denies the plane's purpose and mission, but is later forced to admit its role as a covert surveillance aircraft when the Soviet government produces its remains and reveals Powers, who had survived the shoot down. The incident triggers a major diplomatic crisis between the U.S. and U.S.S.R.

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