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."
The black and white view of Howard Hughes in his Lockheed 14 aircraft at Floyd Bennett Field in New York. Text printed on accompanying paper strip: "Hughes takes off on flight to Paris. Floyd Bennett Field, New York City-- Howard Hughes, multi-millionaire speed flyer, pictured in the nose of his Hughes Lockheed "Flying Laboratory" as Hughes and his picked crew of four prepared for the take-off to Paris and probably around the world on July 10th. A few minutes after this picture was taken, the giant ship lifted from the field to follow the trail blazed by Chrales A. Lindbergh. Credit Line (ACME) 7/10/38."