Edward Francis Hutton
| Edward Francis Hutton | |
|---|---|
 |
|
| Born |
September 5, 1875 Manhattan, New York City |
| Died | July 11, 1962 (aged 86) Old Westbury, New York |
| Education | New York Latin School |
| Spouse(s) |
Blanch Horton (m. 1900; d. 1918) Marjorie Merriweather Post (m. 1920; div. 1935) Dorothy Dear Metzger (m. 1936) |
| Children | Halcourt Horton Hutton Nedenia Marjorie Hutton Nancy Joan Metzger |
| Parent(s) | James Laws Hutton Frances Elouise Hulse |
Edward Francis Hutton (September 7, 1875 – July 11, 1962) was an American financier and co-founder of E. F. Hutton & Co., one of the most respected 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 his 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 by taking classes at Trinity Chapel High School and Packer's Business College.
In 1904, Hutton, his brother Franklyn Laws Hutton, and Gerald M. Loeb 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.
In 1951, Long Island University purchased Marjorie's Hillwood estate and created C.W. Post College, now known as LIU Post. In 1963 Dorothy Metzger sold their Old Westbury estate Hutfield to Long Island University. Today Hutfield is the Fine Arts Center at LIU Post.
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