Walt Disney, Cartoon Character in Dumbo? I had to see.

I was listening to the Mousepod's Oscar show podcast last week and heard something new. If you pause the scene at the end of the movie where Dumbo dive bombs the crowd, you can see a young Walt Disney standing in the crowd. Well I had to see and here is what I saw:

Wouldn't you know it, there he was. Well, I'm pretty sure who he is there in the crowd.

We went to Wikipedia and here is a picture right before the movie Dumbo came out I'd say it was pretty close.