Trouble with B & T crowd

On this date in the year that Betty Boop made her debut, two cops were walking their beat on the Lower Eastside when they heard a series of shots. They ran to a six story tenement where the shots came from and as they entered the gunsmoke filled hallway lying on the floor, with five bullet wounds, was the well dressed 27 year old Brooklyn gangster Joseph Bivone. The killer(s) escaped out of the back of the building but a trail of blood led the police to believe that another person was wounded in the fracas. Bivone had a record consisting of three arrest and, probably because he was from Brooklyn, police believed he was the victim of a battle over gang territory.