Transcribed from back of photo: "Howard Hughes in the cockpit of the new XF-11 reconnaissance plane which he designed and built in conjuntion with Air Material Command engineers. He is preparing for its first flight. One of the world's fastest long-range photo planes, it can attain a speed of over 400 miles per hour."

The black and white view of Grover Whalen (left) and Howard Hughes (right) enjoying the attention from a crowd of thousands of people who attended a parade that celebrated Hughes' completion of his Round the World flight in New York City.

Typed onto a piece of paper attached to the image: "Mayor Laguardia on the steps of City Hall receiving Howard Hughes and his Globe Girdlers. They are (L-to-R) Ed Lund, Richard Stoddart, Thomas Thurlow, Laguardia, Howard Hughes, and Harry Connor. 7-15-1938."

Howard Hughes on a ladder, climbing into the XF-11. A police officer is seen in the background.

Typed onto a piece of paper attached to the image: "New York Acclaims World Fliers, New York City --- Looking up Broadway during the ticker-tape reception accorded Howard Hughes and his four companions in recognition of their Round-The-World record-smashing flight. The dense crowd which lined both sides of the through fare has closed in behind the parade, while further ahead fresh showers of torn paper flutter down on the motorcade. 7(3/4)-15-38. Credit Line (ACME)."

Description given with photo: "Losing Money on Flying Boat, Says Hughes, Culver City, Calif.: Howard Hughes (center, facing camera) makes his first appearance before the press since the start of the senate investigation into his multi-million dollar plane contracts. Hughes said the government is getting its $18,000,000 worth out of his big, eight-engined flying boat but he's losing money. the plane has yet to be flown. Credit (ACME). 7-30-47."

Typed onto a piece of paper attached to the image: "City Hall steps - 7/15/38. (Daily News)."