This day in geek history: September 2
1950
Early costume worn in 1950 by Bob Johnson.
First known reference to a masquerade (costume competition): Stacey Lee Feldmann, a cosplay historian, has tracked down the term and the associated competition structure to the 1950 WorldCon, called NorWestCon.
http://www.strangelandcostumes.com/history.html
http://www.fanac.org/worldcon/