| Edward Francis Hutton | |
| Birth Date: | 7 September 1875 |
| Birth Place: | Manhattan, New York City, U.S. |
| Death Place: | Old Westbury, New York, U.S. |
| Resting Place: | Locust Valley Cemetery, Locust Valley, New York, U.S. |
| Education: | New York Latin School |
| Spouse: | |
| Children: | Halcourt Horton Hutton Dina Merrill |
| Relatives: | Barbara Hutton (niece) |
Edward Francis Hutton (September 7, 1875 – July 11, 1962) was an American financier and co-founder of E. F. Hutton & Co., once one of the largest financial firms in the United States.
Hutton was born in Manhattan, New York City, the son of James Laws Hutton (1847–1885), who left an Ohio farm to work there. James died on December 14, 1885, at the age of 37 when Hutton was only ten years old, leaving Edward and his two siblings, Grace Hutton (b. 1873) and Franklyn Laws Hutton (1877–1940) to be raised by their mother, Frances Elouise Hulse Hutton (1851–1930). 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. 69. 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.
In 1904, Hutton and his brother Franklyn Laws Hutton founded the American stock brokerage firm E. F. Hutton & Co. 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 1988 with Shearson Lehman/American Express.
He married his first wife Blanch Horton (December 6, 1878 – December 18, 1917) on October 9, 1900. She was the daughter of investment banker Henry Lawrence Horton. She died in the early days of the 1918 Spanish flu pandemic. Blanch and Edward had one son:
He married his second wife, General Foods heiress, Marjorie Merriweather Post, in 1920. She was actively involved in identifying companies for acquisition which complemented General Foods. Edward was active in arranging the financing for the acquisitions. During their marriage (1920–1935) 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 1935 after evidence of Edward's affairs with other women became known to Marjorie. Together they had one child:
In February 1936, at age 60, he married 28-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. Dorothy and Homer P. Metzger had one daughter, who became Edward's stepdaughter upon the marriage:
Hutton died on July 11, 1962, in Old Westbury, New York. He is buried in Locust Valley Cemetery, Locust Valley, New York.[1] [2]
E.F. Hutton had a passion for yachting and sport fishing[4] and had numerous private yachts built throughout his lifetime. With the exception of Lady Baltimore, he would always name them Hussar.[5]
| Lady Baltimore | 1916 | 77 ft motor yacht, cruising speed 21 knots[6] | Bowes and Mower | Mathias Yacht building Company | Purchased by E.F. Hutton in 1916[7] | New York Yacht Club | ||
| Hussar | 1910 (approx) | 63 ft auxiliary sloop[8] | Willard F. Downs, Bay Shore, NY | Built for E.F. Hutton[9] | ||||
| Hussar II | ||||||||
| Hussar III | 1921 (approx) | 145 ft long, 20 ft beam, twin screw diesel motor yacht[10] | Henry J. Gielow of New York | Kyle & Purdy, City Island, NY.[11] | Built for E.F. Hutton | New York Yacht Club | ||
| Hussar IV | 1923 | 163 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) | 1931 | 316 ft long, 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 |