Handwritten on the back, "Left to Right-E.L. Bridgman, E.C. Lipman, H.L. Warner, Edgar Bell, Howard Gunderson." The five men are standing in a row looking up at something. Mr. Lipman appears to be telling them something. E.L. Bridgman is unknown. E.C. Lipman is made vice president of H.C. Capwell Co. in 1929. He also becomes the manager of H.C. Capwell Co. in 1930. In 1936 he is made the managing director of H.C. Capwell Co. In 1937 he gives up this position to succeed R.P. Connally as the managing director of the Emporium. H.L. Warner, also known as Lawrence Warner replaces F.W. Hatch in 1929 as Capwell's sales manager and is succeeded in 1930 by R.M. Watson. Edgar Bell and Howard Gunderson are unknown.