October 26, 1951: Desperate for money to pay a mounting tax bill, Joe Louis, who stood as Heavyweight Champion of the World longer than anyone (12 years, 1937-49) and defended the title more than anyone (25 times), climbs into the ring at the old Madison Square Garden for a purse of $300,000 – about $3.4 million in 2022 money.
He fights Rocky Marciano, then a rising contender who comes into the fight at 37-0. He idolized Louis: telling the press, "This is the last guy I want to fight." It had nothing to do with his own ability, or whatever Louis had left.
It is a mismatch: Marciano is 28, is in superb shape, and has a sledgehammer for a right hand; Louis is 37, struggles with his weight, and his arms and legs, once the fastest in the fight game despite his being a heavyweight, have terribly slowed. Marciano actually knocks Louis out of the ring in the 8th round. Ruby Goldstein, maybe the best referee in the business and himself a former lightweight contender, wisely stopped the fight at that point.
Marciano went back to his dressing room, and cried over what he had done to his greatest hero, and even went over to see him, and said, "I'm sorry, Joe." Sugar Ray Robinson, then Middleweight Champion, was in Louis' dressing room to console him, and was also crying.
Eleven months later, Marciano knocked Jersey Joe Walcott out to become the Heavyweight Champion. He held the title for 3 years, then retired undefeated at 49-0. Louis, still needing money, humiliated himself as a professional wrestler, and not a very good one.
Both men's lives ended badly: Marciano's in a plane crash in Iowa in 1969, just before his 46th birthday; Louis' in a wheelchair, unable to pay his medical bills, with Frank Sinatra hosting a benefit concert for him in Las Vegas in 1978, which kept Louis afloat until he finally passed away in 1981, at 67.
As a Sergeant in the U.S. Army in World War II, he was laid to rest at Arlington National Cemetery, on the order of President Ronald Reagan, and with Sinatra delivering the eulogy. Marciano was interred in a crypt at Forest Lawn Memorial Cemetery in Fort Lauderdale, Florida.
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October 26, 1951 was a Friday. William "Bootsy" Collins, bass guitarist for George Clinton's P-Funk Empire, was born on this day.
The baseball season was over. Football was in midweek. The NBA season wouldn't start for another 6 days. The NHL season had started, but no games were scheduled. So there were no scores on this historic day.

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