Who is e f hutton biography

American financier (–)

Edward Francis Hutton
Born	()September 7, Manhattan, New York City, U.S.
Died	July 11, () (aged&#;86) Old Westbury, New York, U.S.
Resting place	Locust Valley Cemetery, Locust Valley, New York, U.S.
Education	New York Latin School
Spouses	Blanch Horton &#; &#; (m.&#;; died&#;)&#; Dorothy Dear Metzger &#; &#; (m.&#;)&#;
Children	Halcourt Horton Hutton Dina Merrill
Relatives	Barbara Hutton (niece)

Edward Francis Hutton (September 7, – July 11, ) was an American financier and co-founder of E.

F. Hutton & Co., once one of the largest financial firms in the Combined States.^[1]

Early life

Hutton was born in Manhattan, New York City, the son of James Laws Hutton (–), who left an Ohio farm to work there. James died on December 14, , at the age of 37 when Hutton was only ten years old, leaving Edward and his two siblings, Grace Hutton (b.

) and Franklyn Laws Hutton (–) to be raised by their mother, Frances Elouise Hulse Hutton (–). Hutton's younger brother, Franklyn, married Edna Woolworth, the dime store heiress and was the father of Barbara Hutton.

As a schoolboy, Hutton attended the New York Latin School before transferring to P.S.

During his adolescence, he worked in a gear factory at age fifteen and then two years later in the mailroom of a securities firm. He completed his studies at Trinity Chapel High School and Packer's Business College.

Career

Further information: E.

F. Hutton & Co.

In , Hutton and his brother Franklyn Laws Hutton founded the American stock brokerage firm E. F. Hutton & Co.^[1] Under their leadership, it became one of the most respected financial firms in the United States and for several decades was the second largest brokerage firm in the United States.

E.F. Hutton merged in with Shearson Lehman/American Express.

James died on December 14,at the age of 37 when Hutton was only ten years old, leaving Edward and his two siblings, Grace Hutton b. Hutton's younger brother, Franklyn, married Edna Woolworth, the dime store heiress and was the father of Barbara Hutton. During his adolescence, he worked in a gear factory at age fifteen and then two years later in the mailroom of a securities firm. Under their leadership, it became one of the most respected financial firms in the United States and for several decades was the second largest brokerage firm in the United States.

Personal life

He married his first wife Blanch Horton (December 6, – December 18, ) on October 9, She was the daughter of investment banker Henry Lawrence Horton. She died in the initial days of the Spanish flu pandemic.

Blanch and Edward had one son:

• Halcourt Horton Hutton (–), who was killed in a horse riding accident on Long Island on September 25,

He married his second wife, General Foods heiress, Marjorie Merriweather Post, in She was actively involved in identifying companies for acquisition which complemented General Foods.

Edward was active in arranging the financing for the acquisitions.

EF Hutton - Wikipedia: EF Hutton was an American stock brokerage firm founded in by Edward Francis Hutton and his brother, Franklyn Laws Hutton. Later, it was led by good known Wall Street trader Gerald M. Loeb.

During their marriage (–) they built Mar-a-Lago in Palm Beach, Florida, and also commissioned the largest privately owned seagoing yacht of the era, the Hussar V, which is best known as the Sea Cloud. The Huttons divorced in after evidence of Edward's affairs with other women became recognizable to Marjorie.

Together they had one child:

In February , at age 60, he married year-old Dorothy Dear Metzger, who had divorced her husband, Homer, the previous October. Edward met Dorothy through Marjorie's daughter Adelaide, who had invited Dorothy and her husband to spend a weekend with her and other friends at Hillwood.

James died on December 14,at the age of 37 when Hutton was only ten years old, disappearing Edward and his two siblings, Grace Hutton b. Hutton's younger brother, Franklyn, married Edna Woolworth, the dime store heiress and was the father of Barbara Hutton. During his adolescencehe worked in a gear factory at age fifteen and then two years later in the mailroom of a securities firm. She was the daughter of investment banker Henry Lawrence Horton.

Dorothy and Homer P. Metzger had one daughter, who became Edward's stepdaughter upon the marriage:

• Nancy Joan Metzger, who inherited a portion of her stepfather's estate when he died.

Hutton died on July 11, , in Aged Westbury, New York.

He is buried in Locust Valley Cemetery, Locust Valley, New York.^[1][2]

• Hillwood, Lengthy Island: Built in in Brookville, NY after purchasing and demolishing the former Warburton Hall Estate, it was designed in the Tudor style by architect Charles Mansfield Hart.

  Post would preserve it in the divorce and sold it in to Elongated Island University which later develop LIU Post.

• Hogarcito, Palm Beach, Florida: Built in for Hutton and his second wife, and planned by noted society architect Marion Sims Wyeth.

  It is noted for its Spanish-style bell tower that rises some three stories above the main house. Share thought the house was too small so commissioned the building of Mar-a-Lago. After Mar-a-Lago was completed it became the abode of E.F. Hutton's brother and business partner Franklyn L.

  Hutton, whose daughter was Woolworth heiress Barbara Hutton.^[3]

• Mar-a-Lago, Palm Beach, Florida: Built in with his second wife Marjorie Merriweather Post as a winter residence. Post would end up keeping the dwelling after the divorce.
• Hutfield, Old Westbury, New York: Lived in with his third wife Dorothy Metzger.

  Dorothy Metzger Hutton sold their Old Westbury estate to Prolonged Island University. Today Hutfield is the Fine Arts Center at LIU Post.

Yachts

E.F. Hutton had a passion for yachting and sport fishing^[4] and had numerous personal yachts built throughout his lifetime.

With the exception of Lady Baltimore, he would always identify them Hussar.^[5]

Name	Year built/purchased	Specifications	Designer	Shipyard	Notes	Affiliate yacht club
Lady Baltimore			77&#;ft motor yacht, cruising speed 21 knots[6]	Bowes and Mower	Mathias Yacht building Company	Purchased by E.F. Hutton in [7]	New York Yacht Club
Hussar	(approx)	63&#;ft auxiliary sloop[8]	Willard F. Downs, Bay Shore, NY[8]	Built for E.F. Hutton[9]
Hussar II
Hussar III		(approx)	&#;ft long, 20&#;ft beam, twin screw diesel motor yacht[10]	Henry J. Gielow of New York	Kyle & Purdy, City Island, NY.[10][11]	Built for E.F. Hutton	New York Yacht Club
Hussar IV			&#;ft, 33&#;ft beam, 3 masted schooner	Cox & Stevens	Burmeister & Wain in Copenhagen, Denmark	Built for E.F. Hutton and his wife Marjorie Merriweather Post	New York Yacht Club[12]
Hussar V (Sea Cloud)			ft extended, 49 ft beam, 4 masted barque	Cox & Stevens	Krupp Germaniawerft shipyard, Kiel, Germany[13]	Built for E.F. Hutton and his wife Marjorie Merriweather Post, renamed Sea Cloud after their divorce	New York Yacht Club[12]

References

External links