The Pensacola journal. (Pensacola, Fla.) 1898-1985, 1921-07-04
Governments End of the Mill
Will Amount to Four Hun
dred Thousand.
TALK OF OTHER BOUTS
FOR FRENCH PUGILIST
Dempsey Also Likely to Reenter
Arena Either Labor Day
or Columbus Day.
(sy The Associated Press.)

NEW YORK, July 3.-Tex Rickard
figured today that his net profit from
the Dempsey-Carpentier fight yester-
day would be in the neighborhood of
five hundred and fifty thousand dollars.
Expert accountants were busy all
day checking and balancing the books
used in the promotion of the contest.
Rickard said he did not expect final
and accurate statement before Wednes-
day but that expenses Of all kinds
would approximate nine hundred and
fifty thousand dollars, and taxes on
his share one hundred thousand dol
lars while the gross gate receipts were
expected to exceed one million, six
hundred thousand dollars.
1t was also figured out that Demp-
sey earned in the neighborhood of
twenty mine thousand dollars a minute
for his ten minutes and 16 seconds of
actual fighting. Carpenters profits as
the loser in the contest were approXi-
mately nineteen thousand five hundred
dollars a minute. The United States
government will receive in one form
of taxation or another, a considerable
part of the three hundred thousand
dollars paid Dempsey and the two
1uIlOl cu lliOuSdIlu oOlldIS WHICH NdS
Carpenters share of the purse. Total
government proceeds from the bout
viii total more than four hundred
thousand dollars, revenue officials esti-
mated. The income tax will take about
one hundred and sixty thousand dol
lars of the three hundred thousand
dollars earned by Dempsey. and about
seventy-seven thousand dollars of Car
pentiers share. The federal revenue
from the sale of tickets will amount
to about one hundred sixty thousand
dollars.
Ticket sellers who resold the paste
boards at an increased price are re-
quired to give fifty percent. of their
profits to the government. The state
of New Jersey, under provisions oil
the boxing law, also collects ten per-
cent Of the gate receipts. Profits of
preliminary boxers and all ring Off
cials also will be taxed adding to the
government proceeds of the bout.
Georges Carpenter must EJly his
entire tax to the United States before !
sailing for France. Dempsey may payl
his tax in four instaIlments next year, !
the first being due in March, 1922. |
Revenue officials have pointed out that |
Carpenter also is likely to face an |
other stringent income tax on arrival |
in France, shrinking still more the |
earnings of the defeated boxer. In |
many respects the cotltesn from a |
news reporting standpoint was the
greatest of its kind in the world. Ac-
cording to actual count, there We're |
823 reporters and telegraphers in the |
two press sections of the arena. More
than one hundred wires, including
telegraph, cable, and telephone We're
used to carry the news to every point
of the world. While accurate figures
are unavailab BILE, it is estimated that |
fight in Jersey City or New York dur
ing the sixteen hours between a. m.
and midnight of July 2, ran close to
the million mark.
Messages We're received by Rickard
from many persons congratulating him
upon the success of his enterprise, in
Guiding two from William A. Brady
and Charles A. Cochran, who were
Joint promoters with Rickard when
the contract for the bout was signed,
but later withdrew.
Rickard tonight reiterated his inten-
ton of using the Jersey City arena
for one or more championship bouts
between now and the first of Novem-
oer He said he had no definite idea
regarding the contests which he would
put on but was considering several
bouts.
The splendid showing made by Car
pentier against Dempsey already has
in talk of other bouts for the
French pugilist, the most attractive OF
CONTINUED on page six)