--- title: Page 23 - Mar 03, 1923, Vol. I, No. 1 - The Vault - TIME description: Breaking news and analysis from time.com. Politics, world news, photos, video, tech reviews, health, science, and entertainment news. canonical: https://time.com/vault/issue/1923-03-03/page/23/ og:title: Page 23 - Mar 03, 1923, Vol. I, No. 1 - The Vault - TIME og:description: Breaking news and analysis from time.com. Politics, world news, photos, video, tech reviews, health, science, and entertainment news. og:url: https://time.com/vault/issue/1923-03-03/page/23/ og:site_name: TIME og:image: https://static.time.com/v3/assets/bltea6093859af6183b/bltc51059ba1f7876a2/6987648135ba6fec4fc04d88/1550-e1425333956391.jpg?branch=production&width=2400&quality=75&auto=webp&crop=16:9 og:image:width: 1065 og:image:height: 599 og:image:alt: Magazine Cover: 1923-03-03 og:type: article twitter:card: summary_large_image twitter:title: Page 23 - Mar 03, 1923, Vol. I, No. 1 - The Vault - TIME twitter:description: Breaking news and analysis from time.com. Politics, world news, photos, video, tech reviews, health, science, and entertainment news. twitter:image: https://static.time.com/v3/assets/bltea6093859af6183b/bltc51059ba1f7876a2/6987648135ba6fec4fc04d88/1550-e1425333956391.jpg?branch=production&width=2400&quality=75&auto=webp&crop=16:9 --- Back to the vault ![The iconic red rectangular TIME logo with the word 'TIME' in white, bold, uppercase serif letters.](https://content.time.com/time/subscriber/vault/1923/03/19230303/1/1550.jpg) Shop the cover --- March 3, 1923 | Vol. I No. 1March 3, 1923 | Vol. I No. 1 ### March 3, 1923 | Vol. I No. 1March 3, 1923 | Vol. I No. 1 ![The iconic red rectangular TIME logo with the word 'TIME' in white, bold, uppercase serif letters.](https://content.time.com/time/subscriber/vault/1923/03/19230303/23/1550.jpg) March 3, 1923 | Vol. I No. 1 Pageof 32 Zoom+ ![The iconic red rectangular TIME logo with the word 'TIME' in white, bold, uppercase serif letters.](https://content.time.com/time/subscriber/vault/1923/03/19230303/23/1550.jpg) ![The iconic red rectangular TIME logo with the word 'TIME' in white, bold, uppercase serif letters.](https://content.time.com/time/subscriber/vault/1923/03/19230303/1/1550.jpg) View page 1 ![The iconic red rectangular TIME logo with the word 'TIME' in white, bold, uppercase serif letters.](https://content.time.com/time/subscriber/vault/1923/03/19230303/2/1550.jpg) ![The iconic red rectangular TIME logo with the word 'TIME' in white, bold, uppercase serif letters.](https://content.time.com/time/subscriber/vault/1923/03/19230303/3/1550.jpg) View pages 2 & 3 ![The iconic red rectangular TIME logo with the word 'TIME' in white, bold, uppercase serif letters.](https://content.time.com/time/subscriber/vault/1923/03/19230303/4/1550.jpg) ![The iconic red rectangular TIME logo with the word 'TIME' in white, bold, uppercase serif letters.](https://content.time.com/time/subscriber/vault/1923/03/19230303/5/1550.jpg) View pages 4 & 5 ![The iconic red rectangular TIME logo with the word 'TIME' in white, bold, uppercase serif letters.](https://content.time.com/time/subscriber/vault/1923/03/19230303/6/1550.jpg) ![The iconic red rectangular TIME logo with the word 'TIME' in white, bold, uppercase serif letters.](https://content.time.com/time/subscriber/vault/1923/03/19230303/7/1550.jpg) View pages 6 & 7 ![The iconic red rectangular TIME logo with the word 'TIME' in white, bold, uppercase serif letters.](https://content.time.com/time/subscriber/vault/1923/03/19230303/8/1550.jpg) ![The iconic red rectangular TIME logo with the word 'TIME' in white, bold, uppercase serif letters.](https://content.time.com/time/subscriber/vault/1923/03/19230303/9/1550.jpg) View pages 8 & 9 ![The iconic red rectangular TIME logo with the word 'TIME' in white, bold, uppercase serif letters.](https://content.time.com/time/subscriber/vault/1923/03/19230303/10/1550.jpg) ![The iconic red rectangular TIME logo with the word 'TIME' in white, bold, uppercase serif letters.](https://content.time.com/time/subscriber/vault/1923/03/19230303/11/1550.jpg) View pages 10 & 11 ![The iconic red rectangular TIME logo with the word 'TIME' in white, bold, uppercase serif letters.](https://content.time.com/time/subscriber/vault/1923/03/19230303/12/1550.jpg) ![The iconic red rectangular TIME logo with the word 'TIME' in white, bold, uppercase serif letters.](https://content.time.com/time/subscriber/vault/1923/03/19230303/13/1550.jpg) View pages 12 & 13 ![The iconic red rectangular TIME logo with the word 'TIME' in white, bold, uppercase serif letters.](https://content.time.com/time/subscriber/vault/1923/03/19230303/14/1550.jpg) ![The iconic red rectangular TIME logo with the word 'TIME' in white, bold, uppercase serif letters.](https://content.time.com/time/subscriber/vault/1923/03/19230303/15/1550.jpg) View pages 14 & 15 ![The iconic red rectangular TIME logo with the word 'TIME' in white, bold, uppercase serif letters.](https://content.time.com/time/subscriber/vault/1923/03/19230303/16/1550.jpg) ![The iconic red rectangular TIME logo with the word 'TIME' in white, bold, uppercase serif letters.](https://content.time.com/time/subscriber/vault/1923/03/19230303/17/1550.jpg) View pages 16 & 17 ![The iconic red rectangular TIME logo with the word 'TIME' in white, bold, uppercase serif letters.](https://content.time.com/time/subscriber/vault/1923/03/19230303/18/1550.jpg) ![The iconic red rectangular TIME logo with the word 'TIME' in white, bold, uppercase serif letters.](https://content.time.com/time/subscriber/vault/1923/03/19230303/19/1550.jpg) View pages 18 & 19 ![The iconic red rectangular TIME logo with the word 'TIME' in white, bold, uppercase serif letters.](https://content.time.com/time/subscriber/vault/1923/03/19230303/20/1550.jpg) ![The iconic red rectangular TIME logo with the word 'TIME' in white, bold, uppercase serif letters.](https://content.time.com/time/subscriber/vault/1923/03/19230303/21/1550.jpg) View pages 20 & 21 ![The iconic red rectangular TIME logo with the word 'TIME' in white, bold, uppercase serif letters.](https://content.time.com/time/subscriber/vault/1923/03/19230303/22/1550.jpg) ![The iconic red rectangular TIME logo with the word 'TIME' in white, bold, uppercase serif letters.](https://content.time.com/time/subscriber/vault/1923/03/19230303/23/1550.jpg) View pages 22 & 23 ![The iconic red rectangular TIME logo with the word 'TIME' in white, bold, uppercase serif letters.](https://content.time.com/time/subscriber/vault/1923/03/19230303/24/1550.jpg) ![The iconic red rectangular TIME logo with the word 'TIME' in white, bold, uppercase serif letters.](https://content.time.com/time/subscriber/vault/1923/03/19230303/25/1550.jpg) View pages 24 & 25 ![The iconic red rectangular TIME logo with the word 'TIME' in white, bold, uppercase serif letters.](https://content.time.com/time/subscriber/vault/1923/03/19230303/26/1550.jpg) ![The iconic red rectangular TIME logo with the word 'TIME' in white, bold, uppercase serif letters.](https://content.time.com/time/subscriber/vault/1923/03/19230303/27/1550.jpg) View pages 26 & 27 ![The iconic red rectangular TIME logo with the word 'TIME' in white, bold, uppercase serif letters.](https://content.time.com/time/subscriber/vault/1923/03/19230303/28/1550.jpg) ![The iconic red rectangular TIME logo with the word 'TIME' in white, bold, uppercase serif letters.](https://content.time.com/time/subscriber/vault/1923/03/19230303/29/1550.jpg) View pages 28 & 29 ![The iconic red rectangular TIME logo with the word 'TIME' in white, bold, uppercase serif letters.](https://content.time.com/time/subscriber/vault/1923/03/19230303/30/1550.jpg) ![The iconic red rectangular TIME logo with the word 'TIME' in white, bold, uppercase serif letters.](https://content.time.com/time/subscriber/vault/1923/03/19230303/31/1550.jpg) View pages 30 & 31 ![The iconic red rectangular TIME logo with the word 'TIME' in white, bold, uppercase serif letters.](https://content.time.com/time/subscriber/vault/1923/03/19230303/32/1550.jpg) View page 32 Page 23 - Mar 03, 1923, Vol. I, No. 1 - The Vault - TIME ```json {"@context":"https://schema.org","@graph":[{"@type":"Organization","name":"Time","url":"https://time.com/","logo":{"@type":"ImageObject","url":"https://time.com/images/logo.png","width":210,"height":60},"foundingDate":"March 3, 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