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 17
1974—Police Raid SLA Headquarters
In the U.S., Los Angeles police raid the headquarters of the revolutionary group the Symbionese Liberation Army, resulting in the deaths of six members. The SLA had gained international notoriety by kidnapping nineteen-year old media heiress Patty Hearst from her Berkeley, California apartment, an act which precipitated her participation in an armed bank robbery.
1978—Charlie Chaplin's Missing Body Is Found
Eleven weeks after it was disinterred and stolen from a grave in Corsier near Lausanne, Switzerland, Charlie Chaplin's corpse is found by police. Two men—Roman Wardas, a 24-year-old Pole, and Gantscho Ganev, a 38-year-old Bulgarian—are convicted in December of stealing the coffin and trying to extort £400,000 from the Chaplin family.
May 16
1918—U.S. Congress Passes the Sedition Act
In the U.S., Congress passes a set of amendments to the Espionage Act called the Sedition Act, which makes "disloyal, profane, scurrilous, or abusive language" about the United States government, its flag, or its armed forces, as well as language that causes foreigners to view the American government or its institutions with contempt, an imprisonable offense. The Act specifically applies only during times of war, but later is pushed by politicians as a possible peacetime law, specifically to prevent political uprisings in African-American communities. But the Act is never extended and is repealed entirely in 1920.
May 15
1905—Las Vegas Is Founded
Las Vegas, Nevada is founded when 110 acres of barren desert land in what had once been part of Mexico are auctioned off to various buyers. The area sold is located in what later would become the downtown section of the city. From these humble beginnings Vegas becomes the most populous city in Nevada, an internationally renowned resort for gambling, shopping, fine dining and sporting events, as well as a symbol of American excess. Today Las Vegas remains one of the fastest growing municipalities in the United States.
1928—Mickey Mouse Premieres
The animated character Mickey Mouse, along with the female mouse Minnie, premiere in the cartoon Plane Crazy, a short co-directed by Walt Disney and Ub Iwerks. This first cartoon was poorly received, however Mickey would eventually go on to become a smash success, as well as the most recognized symbol of the Disney empire.
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