Schulz’s temper got the best of him. He stormed out of the meeting shouting that he would kill Dewey and they would thank him for it. After Schulz’s departure, the other bosses agreed that they would have to have Schulz eliminated. Shortly thereafter, October 24, 1935, Schulz was meeting with his accountant and two bodyguards in the Palace Chophouse in New Jersey, when a group of gunmen entered and killed all four of them. This particular mob hit has been depicted on film perhaps a dozen times.
Ironically, Schulz received his wounds while answering nature’s call and, as one writer put it, “had something other than a gun” in his hand at the time. Every Hollywood depiction has Schulz dying at the scene (for those of you who viewed the clip, could Tim Roth be any more of an overactor?). Schulz was still conscious when the ambulance showed up. He gave his stretcher-bearers $700 in cash, figuring that would get him the best possible care.
Schulz lapsed into semi-consciousness, and for almost twenty-four hours, babbled semi-coherently before he died. An autopsy later showed that Schulz’s killers were covering all of their bets. They had used rusty bullets, and Schulz died of peritonitis.
The postscript to this is another irony: it’s altogether possible that Luciano’s ordering of Schulz’s murder saved Dewey’s life. Within a year, Dewey supervised a prosecution of Luciano that sent him to prison for ten years. He was then deported, forced to spend the rest of his life in Italy.
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