Original caption: Long Beach, California: Elvis Presley (right) turns over the papers for the SS Potomac, former presidential yacht of the late President Franklin D. Roosevelt, to Danny Thomas, founder of St. Jude Hospital in Memphis, Tennesssee. Presley purchased the yacht to keep it from being scrapped. Thomas accepted the boat for St. Jude Hospital, a non-sectarian project dedicated to finding cures for catastrophic diseases of children. It is hoped that the boat will be sold as soon as possible and the money used in research of children's diseases. Presley's manager, Colonel Tom Parker, is in background.
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