DS, signed “Howard R. Hughes” and "L. B. Mayer, V.P.," three pages, 8.5 x 13, February 21, 1933. Agreement between Hughes's Caddo Company and MGM regarding stock film, in part: "Caddo sells to Metro all war time planes, war time motors, camera mounts, and other equipment of a similar nature, now owned and stored by Caddo in Hangar No. 7…Caddo also sells to Metro as much of the stock air scenes and sound track left over from the production 'Hell's Angels,' now owned by Caddo, as Metro decides to finally use in the actual release version of the picture, 'Today We Live' and the picture, 'The White Sister,' it being understood that none of the film from the Zeppelin sequences of the production 'Hell's Angels' is to be included in this sale." Signed at the conclusion by Howard Hughes as president of the Caddo Company, and countersigned by Louis B. Mayer as vice president of MGM. In fine condition. The Great Depression had sent Hughes and his Caddo Company into financial calamity, and he was ultimately forced to dissolve the company and sell off its assets. MGM took the opportunity to purchase aerial equipment and stock footage shot during the production of Hell's Angels, which was indeed integrated into the 1933 releases of Today We Live and The White Sister. A unique and significant document related to Hughes's iconic Hell's Angels.
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