Agreed also. It's not written by someone to be offensive to someone else - but the events it describes are offensive. Hiding it would be tantamount to denying the crimes of history, which I don't think we should be doing.
I don't see any remote reason for hiding the image or the record.
What the over-sensitive ninnies who would clutch their pearls at such a thing completely fail to comprehend is that we are, in effect, dealing with historical documents. Hiding them is like pretending that none of it ever happened, which to my mind is far more insulting to those who were the victims of such prejudice.
Before you hide this,i think it would be a good time to use this LP as an example to highlight the situation where you have an LP by a black artist,say from the 50's/60's/70's,and there are derogatory slang terms used in the sleeve notes.This site is interested in the music only,and in the case of the back cover,we're really only interested in the record company address/printers/cat No/track listing and composer credits,and not the content of the text which,can often reflect the social segregation at the time.If we hide these LP's,surely it would only serve to deprive us from discovering these great black artists,and that would be a shame.I in no way condone the terms used here,and am just documenting a record.