Jersey Joe Walcott the oldest man to fight for the world heavyweight title. Despite dropping Louis in round one, and again in round four, he lost a 15-round split decision. Most ringside observers and boxing writers felt Walcott deserved the win; a debate ensued, and sportswriters carried the topic throughout America. The lone official to vote for Walcott, referee Ruby Goldstein, was cast as a hero. Letters and telegrams poured in to the Goldstein household, praising his judgment. There was talk of an investigation being assembled for rule revisions in judging. Louis went into seclusion for a couple of days, then quieted dissent
Joe Louis the attendance did not meet expectations, the fight was still the most profitable of Louis's career to date. His share of the purse was $600,000, of which Louis' managers got $140,000, his ex-wife $66,000 and the U.S. state of New York $30,000. After trouble finding another suitable opponent, on December 5, 1947, Louis met Jersey Joe Walcott, a 33-year-old veteran with a 44–11–2 record. Walcott entered the fight as a 10-to-1 underdog. Nevertheless, Walcott knocked down Louis twice in the first four rounds. Most observers in Madison Square Garden felt Walcott dominated the 15-round fight. When Louis was declared the