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...first flop that Rickard promoted was the Tunney-Heeney fight in The Bronx last summer. Right afterward, Tunney retired, still heavyweight champion. Since it is regarded as essential that there should always be a World's Heavyweight Champion, it was necessary to discover immediately who this should be. On investigation, it appeared that there was no one good enough to fill the position adequately. Dempsey who, judged by the eminently suitable criterion of gate receipts, had never lost the heavyweight championship, was reconsidered for the honor. Frantic and slow elimination contests were held, meaning nothing. Tex Rickard, having made professional...

Author: /time Magazine | Title: Sport: Rickard's Heirs | 1/21/1929 | See Source »

...went south to Miami Beach, Fla., where in some hope of booming his own and friends' real estate properties, he began arrangements for a bout between Jack Sharkey and Young Stribling, the winner to meet Jack Dempsey for the championship. Just before negotiations had crystallized into contracts, Tex Rickard died, bequeathing, to heirs unspecified in his will, a dreadful situation in the boxing business. Now there were two tasks of almost insurmountable difficulty to be encompassed. First, there must be found an heir for Tex Rickard's problems; next, an heir to Gene Tunney...

Author: /time Magazine | Title: Sport: Rickard's Heirs | 1/21/1929 | See Source »

...last years of his career, Promoter Rickard had surrounded himself with a powerful corporation, mainly to insure financial security. It seemed likely that whoever was elected president of this, would inherit the responsibilities, if not necessarily the talents, of Tex Richard. A much discussed candidate was Vice President William F. Carey, Wall Street contracting engineer, builder of the new Manhattan and Boston Madison Square Gardens, onetime Rickard Partner in Paraguayan cattle-ranchholdings. Jack Dempsey refused to consider it officially; before any announcement had been made by the Garden Corporation, William F. Carey entrained with Prizefighter Dempsey for Boston and persuaded...

Author: /time Magazine | Title: Sport: Rickard's Heirs | 1/21/1929 | See Source »

Thus it appeared that some sort of working arrangement had been secured to keep boxing, temporarily at least, in expensive arenas or stadiums and out of barges and border towns where it had been when Rickard began to operate...

Author: /time Magazine | Title: Sport: Rickard's Heirs | 1/21/1929 | See Source »

However, for promoters to be successful, they must have something to promote and unless Promoter-Pugilist Dempsey should arrange a match between himself and the winner of the Sharkey-Stribling bout, there seemed to be no further work for Rickard's successor to do until a prospective heavyweight champion appeared. Of these, only one had shown the vaguest possibility of becoming satisfactory. This was Maximilian Siegfried Victor ("Mocks") Schmeling who was once the champion of Germany, who has fought twice in the U. S., who is 23 years old, who looks like Jack Dempsey and is being taught to fight...

Author: /time Magazine | Title: Sport: Rickard's Heirs | 1/21/1929 | See Source »

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