Howard Hughes drinking what seems to be a glass of water. There are onlookers behind him. Written on back: "Howard Hughes and plane." Presumably the Northrop Gamma Racer.
Howard Hughes in the Lockheed 14 in Los Angeles, California. Typed on a piece of paper attached to the image: "Howard Hughes off on first leaf of flight to Paris. Los Angeles, Cal. -- Howard Hughes, Millionaire oil man and speed flyer, at the controls of his huge Lockheed "Flying Laboratory" as it took off from here for its leisurely flight to New York, from where Hughes and his crew will fly to Paris and perhaps around the world. 7/4/1938 Credit line (ACME)."