This image shows the rotating teacup ride known as the Mad Tea Party, with the carousel immediately behind it. The pirate ship mast is just visible in the lower left corner.
The description states:
The magic and mystery of Fantasyland is caught in this scene from the courtyard of Sleeping Beauty’s castle at DISNEYLAND.
–This ride and the carousel still exist in the park, making them among the oldest continuous attractions in Disneyland. This image dates from the early years of the park in the 1950s.