seedz:

In 1900, the town fathers of Britt, Iowa invited Tourist Union #63 to bring their annual convention to town, and the National Hobo Convention has been held each year in early to mid August ever since.^[10] Hobos stay in the “Hobo Jungle” telling stories around campfires at night. A hobo king and queen are named each year and get to ride on special floats in the Hobo Day parade. Following the parade, mulligan stew is served to hundreds of people in the city park. Live entertainment, a carnival, and a flea market are also part of the festivities. They also win money for the parade to help them get food. The first and most important rule of the hobo code was ‘decide your own life’, which meant ‘do what you want to do’.

“Hobo.” Wikipedia.

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H. L. Mencken, in his The American Language (4th ed., 1937), wrote:

Tramps and hobos are commonly lumped together, but in their own sight they are sharply differentiated. A hobo or bo is simply a migratory laborer; he may take some longish holidays, but soon or late he returns to work. A tramp never works if it can be avoided; he simply travels. Lower than either is the bum, who neither works nor travels, save when impelled to motion by the police.