"Ain't No Use"

Two milestones were passed in Joe Louis' life last week. Not only did his wife file suit for divorce, but he admitted the truth of rumors that he is likely to retire at the end of this year. "I ain't near the fighter I use to be," he told a newshawk after a round of golf at Detroit's Rackham golf course. "I guess I'se slipped pretty far. Won't know how far until my next fight with Lou Nova in September. If I find then I'se slipped too far, I'll give it all up. Ain't no use goin' on--just to get punched around."

In seven years of professional boxing, Louis has earned close to $2,000,000 in purses (split 50-50 with his managers, after deducting training expenses). He owns $400,000 worth of real estate in Detroit and Chicago, has a $250,000 annuity, and has set up his kinfolk in various business enterprises. When he finally quits the ring, the Champ will retire to his 800-acre dude farm outside Detroit -- "a place for my people"--which he hopes to turn into a profitable resort.

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