Sport: Gentlemen's Agreement

For a year, Joe Louis' friends had been telling him it was time to quit. Joe just scratched his head (balding on top) and kept everybody guessing. Then he discovered a way of leaving the ring the way he came into it—with a bang—and without saying goodbye.

In Miami last week, the 34-year-old heavyweight champion gave up the title he had defended 25 times in nearly twelve years and announced that he had turned promoter. His first venture, he said, would be a world's heavyweight championship bout between Jersey Joe Walcott and Cincinnati's Ezzard...

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