It applied at the term. I was referring to the racist origins of the time, rather than its current, whitewashed (pardon the pun) usage.
When was the last time your heard it referred to like that?
As I said in my original post, it was in the early to mid 1950s.
If you did, you heard the rantings of a died-in-the-wool bigot.
That's certainly true. In New Jersey, though, it was a commonly-held sentiment at the time.
I'd expect that much of that sentiment lingers even today. In the mid 1980s, I had to explain to my 12-year-old daughter, on her return to California, what her uncle meant when he referred to a kid across the street as a "'breed". She had no concept of the term or the racism behind it.