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...government's monopoly suit against the International Boxing Club and Madison Square Garden, a U.S. attorney introduced a terse memorandum, penned in 1949 by the Garden's president (now board chairman), Brigadier General (ret.) John Reed Kilpatriclc. Its gist: longtime (1937-49) Heavyweight Champion Joe Louis had tried to pry a tax-free $100,000 under-the-table bonus from the Garden brass for a 1949 defense of his crown (Joe retired before the fight ever materialized). The plum would not have helped Louis much. No hand at finance, drained by percentage men and hangers-on, broken...

Author: /time Magazine | Title: People, may 14, 1956 | 5/14/1956 | See Source »

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