Typed onto a piece of paper attached to the image: "Chicago Cheers Hughes and Companions, Chicago -- Howard Hughes, leader of the quintet that flew Around the World in 3 days, 19 hours, and Mayor Edward J. Kelly, of Chicago, riding at the head of the parade that the city staged in honor of Hughes and his four companions. Credit Lines (ACME) 7/30/38. (NY)."
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."