"The facts clearly show that in 1926 I tried desperately to arrange a fight with Harry Wills but the deal collapsed when my guarantee was not forthcoming. Wills and I had signed to fight with a promoter named Floyd Fitzsimmons of Benton Harbor, Michigan. Wills, I understand, received fifty thousand dollars as his guarantee for signing the contract. I was to have received one hundred and twenty-five thousand dollars in advance of the fight. As the date of the fight grew nearer and my money did not appear, I became anxious and asked Fitzsimmons what was the matter. He wired me to meet him in Dayton, Ohio, assuring me that he would have the money for me there. I met Fitzsimmons in Dayton who handed me a certified check for twenty-five thousand dollars and a promise to let me have the balance almost immediately. I balked at that, demanding the full amount right away. Fitzsimmons tried to placate me by calling the bank where he said he had deposited the money. The bank, unfortunately for Fitzsimmons, informed him that it did not have that much money on hand, that there wasn’t enough to cover the twenty-five thousand dollar check he had given me. Furious, I returned the check to Fitzsimmons and told him the fight was off. Later, the Fitzsimmons syndicate financing the fight sued me for failure to honor a contract. I won the case."
(Jack Dempsey speaking in 1950)