Transcribed from attached press release: HUGHES TOOL COMPANY Cornerstone of the industrial empire of Howard Hughes is the Hughes Tool Company of Houston, Texas, which last year produced more than half a million rock bits for drilling the kind of deep wells now producing 90 per cent of the world's petroleum. In the company's mechanical testing section (above) engineers test the products under conditions simulating actual drilling. Howard Hughes' father's invention of the rock bit is believed to be one of the most important industrial developments of the century; without such a tool we might still be living in a horse and buggy era."
Description given with photo: "Float Flying Boat, San Pedro, Calif.: Workmen prepare to float Howard Hughes' 200-ton plywood flying boat at San Pedro on Nov. 1st for taxi tests in Los Angeles Harbor. The craft can be seen in its mammoth drydock, where it was assembled and outfitted. Credit Line (ACME) 11/04/47."
The black and white view of the New York Police Force awaiting the arrival of Howard Hughes at Floyd Bennett Airport in New York. Typed onto a piece of paper attached to the image: "More than 1000 members of New York Police Force lined up on runway at Floyd Bennett Airport awaiting Howard Hughes and crew." Typed onto a second piece of paper attached to the image: "Hughes gives cops a busy day. New York - More than 1,000 members of New York's "finest" were on hand at Floyd Bennett Field as a record crowd gathered to welcome Howard Hughes and his crew. 4/14/38."