--- title: Page 40 - Jul 15, 1929, Vol. XIV, No. 3 - 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/1929-07-15/page/40/ og:title: Page 40 - Jul 15, 1929, Vol. XIV, No. 3 - 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/1929-07-15/page/40/ og:site_name: TIME og:image: https://static.time.com/v3/assets/bltea6093859af6183b/bltc45949165504a353/698764c10b72e3be946db714/1550382.jpg?branch=production&width=1200&quality=75&auto=webp&crop=16:9 og:image:width: 1095 og:image:height: 616 og:image:alt: Magazine Cover: 1929-07-15 og:type: article twitter:card: summary_large_image twitter:title: Page 40 - Jul 15, 1929, Vol. XIV, No. 3 - 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/bltc45949165504a353/698764c10b72e3be946db714/1550382.jpg?branch=production&width=1200&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/1929/07/19290715/1/1550.jpg) Shop the cover --- July 15, 1929 | Vol. XIV No. 3July 15, 1929 | Vol. XIV No. 3 ### July 15, 1929 | Vol. XIV No. 3July 15, 1929 | Vol. XIV No. 3 ![The iconic red rectangular TIME logo with the word 'TIME' in white, bold, uppercase serif letters.](https://content.time.com/time/subscriber/vault/1929/07/19290715/40/1550.jpg) July 15, 1929 | Vol. XIV No. 3 Pageof 60 Zoom+ ![The iconic red rectangular TIME logo with the word 'TIME' in white, bold, uppercase serif letters.](https://content.time.com/time/subscriber/vault/1929/07/19290715/40/1550.jpg) ![The iconic red rectangular TIME logo with the word 'TIME' in white, bold, uppercase serif letters.](https://content.time.com/time/subscriber/vault/1929/07/19290715/1/1550.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/1929/07/19290715/2/1550.jpg) ![The iconic red rectangular TIME logo with the word 'TIME' in white, bold, uppercase serif letters.](https://content.time.com/time/subscriber/vault/1929/07/19290715/3/1550.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/1929/07/19290715/4/1550.jpg) ![The iconic red rectangular TIME logo with the word 'TIME' in white, bold, uppercase serif letters.](https://content.time.com/time/subscriber/vault/1929/07/19290715/5/1550.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/1929/07/19290715/6/1550.jpg) ![The iconic red rectangular TIME logo with the word 'TIME' in white, bold, uppercase serif letters.](https://content.time.com/time/subscriber/vault/1929/07/19290715/7/1550.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/1929/07/19290715/8/1550.jpg) ![The iconic red rectangular TIME logo with the word 'TIME' in white, bold, uppercase serif letters.](https://content.time.com/time/subscriber/vault/1929/07/19290715/9/1550.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/1929/07/19290715/10/1550.jpg) ![The iconic red rectangular TIME logo with the word 'TIME' in white, bold, uppercase serif letters.](https://content.time.com/time/subscriber/vault/1929/07/19290715/11/1550.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/1929/07/19290715/12/1550.jpg) ![The iconic red rectangular TIME logo with the word 'TIME' in white, bold, uppercase serif letters.](https://content.time.com/time/subscriber/vault/1929/07/19290715/13/1550.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/1929/07/19290715/14/1550.jpg) ![The iconic red rectangular TIME logo with the word 'TIME' in white, bold, uppercase serif letters.](https://content.time.com/time/subscriber/vault/1929/07/19290715/15/1550.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/1929/07/19290715/16/1550.jpg) ![The iconic red rectangular TIME logo with the word 'TIME' in white, bold, uppercase serif letters.](https://content.time.com/time/subscriber/vault/1929/07/19290715/17/1550.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/1929/07/19290715/18/1550.jpg) ![The iconic red rectangular TIME logo with the word 'TIME' in white, bold, uppercase serif letters.](https://content.time.com/time/subscriber/vault/1929/07/19290715/19/1550.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/1929/07/19290715/20/1550.jpg) ![The iconic red rectangular TIME logo with the word 'TIME' in white, bold, uppercase serif letters.](https://content.time.com/time/subscriber/vault/1929/07/19290715/21/1550.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/1929/07/19290715/22/1550.jpg) ![The iconic red rectangular TIME logo with the word 'TIME' in white, bold, uppercase serif letters.](https://content.time.com/time/subscriber/vault/1929/07/19290715/23/1550.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/1929/07/19290715/24/1550.jpg) ![The iconic red rectangular TIME logo with the word 'TIME' in white, bold, uppercase serif letters.](https://content.time.com/time/subscriber/vault/1929/07/19290715/25/1550.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/1929/07/19290715/26/1550.jpg) ![The iconic red rectangular TIME logo with the word 'TIME' in white, bold, uppercase serif letters.](https://content.time.com/time/subscriber/vault/1929/07/19290715/27/1550.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/1929/07/19290715/28/1550.jpg) ![The iconic red rectangular TIME logo with the word 'TIME' in white, bold, uppercase serif letters.](https://content.time.com/time/subscriber/vault/1929/07/19290715/29/1550.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/1929/07/19290715/30/1550.jpg) ![The iconic red rectangular TIME logo with the word 'TIME' in white, bold, uppercase serif letters.](https://content.time.com/time/subscriber/vault/1929/07/19290715/31/1550.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/1929/07/19290715/32/1550.jpg) ![The iconic red rectangular TIME logo with the word 'TIME' in white, bold, uppercase serif letters.](https://content.time.com/time/subscriber/vault/1929/07/19290715/33/1550.jpg) View pages 32 & 33 ![The iconic red rectangular TIME logo with the word 'TIME' in white, bold, uppercase serif letters.](https://content.time.com/time/subscriber/vault/1929/07/19290715/34/1550.jpg) ![The iconic red rectangular TIME logo with the word 'TIME' in white, bold, uppercase serif letters.](https://content.time.com/time/subscriber/vault/1929/07/19290715/35/1550.jpg) View pages 34 & 35 ![The iconic red rectangular TIME logo with the word 'TIME' in white, bold, uppercase serif letters.](https://content.time.com/time/subscriber/vault/1929/07/19290715/36/1550.jpg) ![The iconic red rectangular TIME logo with the word 'TIME' in white, bold, uppercase serif letters.](https://content.time.com/time/subscriber/vault/1929/07/19290715/37/1550.jpg) View pages 36 & 37 ![The iconic red rectangular TIME logo with the word 'TIME' in white, bold, uppercase serif letters.](https://content.time.com/time/subscriber/vault/1929/07/19290715/38/1550.jpg) ![The iconic red rectangular TIME logo with the word 'TIME' in white, bold, uppercase serif letters.](https://content.time.com/time/subscriber/vault/1929/07/19290715/39/1550.jpg) View pages 38 & 39 ![The iconic red rectangular TIME logo with the word 'TIME' in white, bold, uppercase serif letters.](https://content.time.com/time/subscriber/vault/1929/07/19290715/40/1550.jpg) ![The iconic red rectangular TIME logo with the word 'TIME' in white, bold, uppercase serif letters.](https://content.time.com/time/subscriber/vault/1929/07/19290715/41/1550.jpg) View pages 40 & 41 ![The iconic red rectangular TIME logo with the word 'TIME' in white, bold, uppercase serif letters.](https://content.time.com/time/subscriber/vault/1929/07/19290715/42/1550.jpg) ![The iconic red rectangular TIME logo with the word 'TIME' in white, bold, uppercase serif letters.](https://content.time.com/time/subscriber/vault/1929/07/19290715/43/1550.jpg) View pages 42 & 43 ![The iconic red rectangular TIME logo with the word 'TIME' in white, bold, uppercase serif letters.](https://content.time.com/time/subscriber/vault/1929/07/19290715/44/1550.jpg) ![The iconic red rectangular TIME logo with the word 'TIME' in white, bold, uppercase serif letters.](https://content.time.com/time/subscriber/vault/1929/07/19290715/45/1550.jpg) View pages 44 & 45 ![The iconic red rectangular TIME logo with the word 'TIME' in white, bold, uppercase serif letters.](https://content.time.com/time/subscriber/vault/1929/07/19290715/46/1550.jpg) ![The iconic red rectangular TIME logo with the word 'TIME' in white, bold, uppercase serif letters.](https://content.time.com/time/subscriber/vault/1929/07/19290715/47/1550.jpg) View pages 46 & 47 ![The iconic red rectangular TIME logo with the word 'TIME' in white, bold, uppercase serif letters.](https://content.time.com/time/subscriber/vault/1929/07/19290715/48/1550.jpg) ![The iconic red rectangular TIME logo with the word 'TIME' in white, bold, uppercase serif letters.](https://content.time.com/time/subscriber/vault/1929/07/19290715/49/1550.jpg) View pages 48 & 49 ![The iconic red rectangular TIME logo with the word 'TIME' in white, bold, uppercase serif letters.](https://content.time.com/time/subscriber/vault/1929/07/19290715/50/1550.jpg) ![The iconic red rectangular TIME logo with the word 'TIME' in white, bold, uppercase serif letters.](https://content.time.com/time/subscriber/vault/1929/07/19290715/51/1550.jpg) View pages 50 & 51 ![The iconic red rectangular TIME logo with the word 'TIME' in white, bold, uppercase serif letters.](https://content.time.com/time/subscriber/vault/1929/07/19290715/52/1550.jpg) ![The iconic red rectangular TIME logo with the word 'TIME' in white, bold, uppercase serif letters.](https://content.time.com/time/subscriber/vault/1929/07/19290715/53/1550.jpg) View pages 52 & 53 ![The iconic red rectangular TIME logo with the word 'TIME' in white, bold, uppercase serif letters.](https://content.time.com/time/subscriber/vault/1929/07/19290715/54/1550.jpg) ![The iconic red rectangular TIME logo with the word 'TIME' in white, bold, uppercase serif letters.](https://content.time.com/time/subscriber/vault/1929/07/19290715/55/1550.jpg) View pages 54 & 55 ![The iconic red rectangular TIME logo with the word 'TIME' in white, bold, uppercase serif letters.](https://content.time.com/time/subscriber/vault/1929/07/19290715/56/1550.jpg) ![The iconic red rectangular TIME logo with the word 'TIME' in white, bold, uppercase serif letters.](https://content.time.com/time/subscriber/vault/1929/07/19290715/57/1550.jpg) View pages 56 & 57 ![The iconic red rectangular TIME logo with the word 'TIME' in white, bold, uppercase serif letters.](https://content.time.com/time/subscriber/vault/1929/07/19290715/58/1550.jpg) ![The iconic red rectangular TIME logo with the word 'TIME' in white, bold, uppercase serif letters.](https://content.time.com/time/subscriber/vault/1929/07/19290715/59/1550.jpg) View pages 58 & 59 ![The iconic red rectangular TIME logo with the word 'TIME' in white, bold, uppercase serif letters.](https://content.time.com/time/subscriber/vault/1929/07/19290715/60/1550.jpg) View page 60 Page 40 - Jul 15, 1929, Vol. XIV, No. 3 - 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, 1923","sameAs":["https://www.facebook.com/time","https://www.instagram.com/time/?hl=en","https://twitter.com/time","https://www.pinterest.com/timemagazine"]},{"@type":"BreadcrumbList","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https://time.com/"},{"@type":"ListItem","position":2,"name":"Page 40 - Jul 15, 1929, Vol. XIV, No. 3 - The Vault - TIME","item":"https://time.com/vault/issue/1929-07-15/page/40/"}]}]} ```