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BOXING'S SILLIEST HOUR
The World Boxing Association, as it calls itself, though it is in fact nothing more than the old National Boxing Association in a sillier hat, seems about to proclaim that Cassius Clay is no longer heavyweight champion of the world. It also seems to be about to depose Sonny Liston as a challenger. The reasons, stated with studied vagueness by the WBA president, Ed Lassman of Miami Beach, are that Clay has "set a poor example for the youth of the world" and that Liston—well, no adequate reason is given for the denigration of Liston but it seems to have to do with his troubles with a Denver traffic cop. Lassman also is mentally disturbed about a prefight contract by which, for $50,000, Clay is said to have given Liston the right to promote Clay's next fight. Lassman conceded to The Miami Herald that he did not know whether such a contract did in fact exist but was going ahead with a poll of his membership on the assumption that it does.
Despite denials, it is quite obvious that Clay is being persecuted for his membership in the Black Muslim movement. One need not admire the Black Muslims to concede that Clay, as a free American, has the right to belong to the movement, even though, in its assumptions of exclusive truth and arbitrary power, it somewhat resembles the World Boxing Association.
No WBA ukase can persuade the world that Cassius X Clay, or Muhammad Ali, or whatever his name is, is not heavyweight champion. He won that title in the ring and he will lose it there or resign it voluntarily.
THE DEAF EAR
The only "temporary wartime" luxury taxes that have not been reduced substantially are those on club dues, including golf club dues, and horse and dog track admissions. On the other hand, expensive lobbying has paid off for such as nightclub owners and jewelers. Now the clubs, especially golf clubs, are planning to do some lobbying of their own. Several of them have so far banded together in the National Club Association, which aims to cut club taxes. At Boston's Harvard Club last week Frank A. Hathaway, general manager of the Los Angeles Athletic Club and secretary-treasurer (unpaid) of the NCA, told of his unfortunate experience as a lobbyist for tax reduction.
"I went to see one Congressman," he said, "and he spent the entire time peeling an apple with his back to me. I don't think I was getting our message through to him."
Back in 1935, when the long-range investor's world seemed not too bright, one could purchase a share of stock in the Santa Anita racetrack for $5,000. After splits, that share today has a net value of $280,000
Now, then. On last January 6, Los Angeles Turf Club stock had a bid price of $540. The same stock, 66 days later, was $840 bid, $880 asked.