Typed onto a piece of paper attached to the image: "At reception for World Fliers. Howard Hughes and Mayor Fiorello Laguardia seated in their parade car as Grover Whalen enters it just before the precession gets underway. 7/15/38."
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."