The copyrights of Time magazine are held by Time, Inc. Copyright was not renewed on this early issue, which has therefore fallen into the public domain per US law.

Time failed to renew the copyrights of many early issues. See wikisource:Time (magazine)

The following issues of Time magazine are in the public domain.

• Before vol 23, no 5: before 22 Jan 1934
• Vol 25, no 1 – vol 27, no 23: 7 Jan 1935 – 29 Jun 1936
• Vol 34, nos 1–10: 3 Jul 1939 – 4 Sep 1939
• Vol 45, nos 2–5: 7 Jan 1945 –29 Jan 1945

Time failed to renew the copyrights of many early issues. A search of the renewals for periodicals for entries for Time reveals that the publisher, Time Inc., started renewing the copyrights of Time magazine in 1962 with the 29 January 1934, issue. Therefore, issues that were published before 29 January 1934 are in the public domain. In addition, a few later issues were not renewed. The copyright on this issue of Time magazine was not renewed and it is in the public domain. Click here to show Time issues in the public domain Time issues in the public domain Vol. 1, no. 1 — vol. 23, no. 4 3 Mar 1923 — 22 Jan 1934 Vol. 25, no. 1 — vol. 27, no. 26   7 Jan 1935 — 29 Jun 1936 Vol. 34, no. 1–10 3 Jul 1939 — 4 Sep 1939 Vol. 45, no. 2–5 7 Jan 1945 — 29 Jan 1945 Vol. 52, no. 1–7 5 Jul 1948 — 16 Aug 1948 Vol. 57, no. 1 1 Jan 1951 Vol. 61, no. 1–24 5 Jan 1953 — 15 Jun 1953 Vol. 61, no. 26 29 Jun 1953 Vol. 62, no. 1 — vol. 63, no. 1 6 Jul 1953 — 4 Jan 1954 Vol. 65, no. 18 2 May 1955 Vol. 65, no. 23 6 Jun 1955 Vol. 66, no. 26 26 Dec 1955 Vol. 67, no. 15 9 Apr 1956 Vol. 70, no. 15 7 Oct 1957 Vol. 70, no. 26 23 Dec 1957 Vol. 71, no. 1 6 Jan 1958 Vol. 73, no. 1 5 Jan 1959 Vol. 76, no. 22 28 Nov 1960 Vol. 77, no. 13 24 Mar 1961 Vol. 78, no. 8 25 Aug 1961 Vol. 78, no. 11 15 Sep 1961 Vol. 78, no. 23 8 Dec 1961 Vol. 81, no. 1 4 Jan 1963 All issues not listed in the table above had their copyright renewed, without exception. Note that works appearing in the public domain issues of Time may still be covered by copyright if they were published prior to their appearance in Time (with notice and renewal) or otherwise separately registered and renewed.

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• The photograph has its own copyright notice: © Knozer.