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."
A section of Howard Hughes' "Spruce Goose" or "Flying Boat" being moved (with a police escort) from the Hughes Aircraft plant in Culver City, California to Terminal Island in the Los Angeles Harbor where the plane was assembled in June of 1946.
Typed onto a piece of paper attached to the image: "Hughes and Flyers Welcomed to Chicago - A view of the parade staged in honor of Howard Hughes and his four companions passing down La Salle Street, Chicago, in a shower of ticker-tape and paper. The flyers, who circled the globe in 3 days and 19 hours, are in the first three autos. Credit Lines (ACME) 7/30/38 (NY)."