The Pensacola journal. (Pensacola, Fla.) 1898-1985, 1921-01-20
DEMPSEY FIGHT
WILL BE HELD
New York Worlds Report Is Denied
by Richard and Cochran
ny Associates Press.l


NEW YORK, Jan. 19.-The forfeit
moneys Of both principals and pro-
motors involved In the Dempsey Car
pentier heavyweight championship
bout set for July 2. were directly or in
directly accounted for here today.
AS result it appears that none of
the terms OF the contract signed on
November 5, 1920. have been violated
and so far as can be foreseen at this
time, there is no ground for the re-
port that the match will not be held.
]. u. Ward, a surety broker, who
handled the bonds for those involved
in the contract, stated that the Amer
, lean Surety company OF this company
had issued a bond for Promoter Tex
Richards share of the 100000 for
felt fund amounting to $33,333.33. The
United States Fidelity and Guaranty
company, of Baltimore, issued SIM
liar bond for VIM. A. Brady, while
Charles B. Cochran the English pro-
moter, gave a check for his one-third
| responsibility as he was leaving i'm
medtately after the signing of the
contract for England and did not have
time to arrange for the issuance of
a surety bond.
Each of the principals through their
managers were obliged By terms OF
the contract to place a forfeit fund
| of $4,000 IN the hands OF the holding
| trust company on or before last No
vember rs. In the case of Dempsey,
his manager, Jack Harms, arranged
with the Fidelity and Deposit COM
pany of Baltimore, for such a bond.
Carpenter, the French boxer, placed
sum equivalent to $4,000 with the
Paris firm of Morgan Harjes with In
structions to forward ii to New York
According TO a cable dispatch from
Paris. this amount was deposited No
vember %, and in a statement from
Cochran in Londan, il was explained
that the money had never been trans
ferred to this country owing TO the re-
fusal of the French government to
permit it TO leave France.
All those involved in the match,
however, consider the posting of the
forfeit of Carpenter in France as be-
ing within the terms of the contract.
There is no desire to take technical
advantage of Carpenters inability
to transfer the money to the United
States at this time. Officials of the
Central Union Trust company here.
named as holder of the forfeits, re-
fused today to affirm or deny that the
bonds were in their possession, but it
was explained that a similar course
would be taken in any matter in
which they were acting for clients.
Richard stated that the report OF
the cancellation of the bout had re-
suited in a visit from Colonel Mallet,
a personal friend of Carpenter. who
acted as confidential adviser and in
terpreter during the French boxers
visit to this country. Colonel Mallet'
stated that he had arrived from Eur
ope last Saturday and had seen Car
pentier within the last two weeks.
At that time Carpenter had in no
way intimated that he had any idea of
withdrawing from the match. Colonel
Maliet also stated that after the re-
ports of Dempsey's bout with Bren-
nan reached London number of En-
glish sportsmen who had seen Car
pentier box Bombardier Wells and
Beckett offered to wager even money
on Carpenter to defeat Dempsey when
they meet in the ring.