New Britain herald., 1930-10-29
BUSINESS
 IN A BAD STATE
Madison Square Garden Under
 going Drastic Shakeups

New York. Oct. % UP)-The de- pression in boxing finally has brought about a series of drastic shake-ups in that last stronghold of the manly art-Madison Square Gar den.
 The departure of Frank Bruen whose place was filled yesterday hy Tom McCardle, who is on the pay roll anyhow, was followed by de- cision to abandon boxing altogether for the time being in the Boston branch of the Garden corporation.
 It will be interesting to see how long the "6O0 millionaires," or what's left of them, will continue to back up Bill Carey, the Garden president, in his statement that box ing will be carried on in New York whether it pays Or not. Carey says the men back of the Garden are !n- terested in the fight game from sporting point Of view although Il would seem to an impartial observ- CT that that is about the only sport ing thing connected with the racket.
 Those "6O0 millionaires" of whom the late Tex Rickard was so ino~- dinately proud could well afford to go into the business from sport ing point of view at the time, since it was d paying proposition as well. Under Rckard, the value of Garden stock scared. and there was money in every fight and millions in few. Nowadays, when everyone lsn i millionaire who claimed that dis tinction year ago. it may be that some of the "G06" will begin to hint about dividends.
 And fighting. as conducted at present. will not pay. Wrestling, which is bad enough, is making more money in New York. Fight cards put on at loss do not serve to increase the prestige of the Car den corporation.
 Bill Carey is a splendid sports man. who still is a bit beWildered by the dirty work at the tistic cross roads. He has not made a good president for Madison Square Gar den. and the general muddlinS by the corporation. which was once ab- solute authority in the boxing busi- ness, has been definitely responsible for the decline of the sport. Many believe that Carey will re- main as head of the Garden anl try to bring boxing back to a pay ing basis. That is the nature of the man. But he will have 10 avoid playing into the hands of the vari- ous racketeers who milked the cor poration following Richards death.
 The closing up of boxing at the Boston Garden will be a temporary measure of retrenchment, of course, and if the game gets back on its feet weekly fight cards will be re- sumcd, In the meantime, the New York branch will try to carry on, starting with Fidel Lu Barba and Kid Chocolate on Monday next. This is a good "natural' bout between two of the cleancst cut youngsters in the game, and should fill the Garden. There will be some sharp eyes on the receipts, however, and Carey's policy may stand or fall oy the result.
 With the elevation of Tom McAr- dle to Frank Brucn's job, the Gar den really made no change in the situation, except that Tom will have q lot more work and perhaps a fan cier mahogany desk. Col, John Hammond, who is at war with Bill Iarey, is expected to be named gen. eral manager of the Garden, with cut jurisdiction over boxing.
 In a way this gives the good colonel the last laugh For boxing is the one improbable venture Tn which the Garden is engaged, whereas hockey Hammond's first love, IS bound to pack in the cash customers whenever it is played