Text typed onto a piece of paper attached to the image: "Howard Hughes strutting across a New York hotel lobby after completing a Round The World flight. 7-15-38. (Press Association)."
Transcribed from attached press release: "HUGHES TEST-PILOTS SECOND XF-11. CULVER CITY, Calif., April 5. Preparatory to making its first flight test today, Howard Hughes, famed flier-industrialist, is shown in the cockpit of the second XF-11 sister ship to the plane in which he almost lost his life in an accident last July 7. Hughes designed and built the ship, one of the world's fastest long-range reconnaissance planes for the Army Air forces in conjunction with the Air Materiel Command engineers."