Typed onto a piece of paper attached to the image: "As Los Angeles Welcomed Howard Hughes Home, Los Angeles, Cal. --- Governor Frank Merriam, Howard Hughes, and Mayor Frank L. Shaw (left to right) as they rode through the crowd-packed streets of Los Angeles during the reception -- one of the greatest and wildest the city had ever seen -- as Hughes and his four daring companions on his World-Flight arrived in the city. Credit Line (ACME). 8/2/38."
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."
Men working inside of the HK-1, Hughes Flying Boat on Terminal Island in the Los Angeles Harbor. Transcribed from note on back of photo: "Inside the Boat: Shown in a view looking toward the tail of the Hughes Flying Boat, the man is dwarfed by the giant interior of the airplane."