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Died. Parker Lloyd-Smith, 29, Managing Editor of FORTUNE; by jumping from the balcony of the 23rd-floor Manhattan apartment where he lived with his mother. Reason: unknown, except that he left a note for his mother, who was in the country, which contained the remark, "Heat is frightful." Son of the late Justice Walter Lloyd-Smith of the New York Supreme Court, he was educated at The Hill School (1920), Princeton University (1924, Cap & Gown Club, active in theatricals) and Magdalen College. Oxford (one year). When called to TIME in 1928 he was on the staff of the Albany (N. Y.) Knickerbocker Press writing editorials and in charge of the Sunday magazine. Brilliant both as writer and analyst, he soon became TIME'S Business Editor. In 1929 he was selected to lay the groundwork for FORTUNE, being named Managing Editor when the magazine appeared in January, 1930. By last week he had seen FORTUNE establish a reputation for being, according to various estimates: 1) the most readable and most thoroughgoing magazine on the subject of business; 2) the "most beautiful magazine in America." Having attracted 46,000 subscribers at $10 a year, it was showing a profit and continuing to grow, strongly. Managing Editor Lloyd-Smith's name and career were made. Other publications sought his advice. He had lately renewed his keen interest in aviation, was planning to buy a plane. Day before his death he was at his desk as usual, worked late, dined and went to the theatre in all good cheer with a school & college friend. His act dumbfounded his associates. An airplane set out from Anchorage, Alaska, to notify Wilton Lloyd-Smith, lawyer brother, off hunting with his wife and small daughters in the Rainy Pass district.
Died. Marvin Hart, 55, heavyweight boxing champion of the world in 1905; at Ferncreek, Ky. The title was conferred upon him by James J. Jeffries after the latter had retired and Hart had knocked out Jack Root of Chicago. After eight months Hart lost to Tommy Burns in a 20-round fight at Los Angeles. Out of his championship he realized only $10,000, lived to complain: "I was born 20 years too soon."
Died. Maurice Fromkes, 59, Polish-born U. S. artist noted for his paintings of Spaniards; in Paris. In 1908 he won the Salmagundi Club portrait prize. His technique was "hard, dry, brilliant, with an enamel-like brilliance." His portrait of the late Cardinal Merry del Val hangs in the Vatican.
Died. Prince Friedrich Leopold of Prussia, 65, in Flatow, Germany. He was a cousin of ex-Kaiser Wilhelm II who once boxed his ears, tore the decorations from his uniform, banished him from the army and Germany for beating Princess Louisa Sophie (his wife) with a riding whip. He was known as "Europe's greatest spendthrift." In 1926 it was claimed that when Americans were subscribing millions for starving Germans he was feeding his 80 hounds on tenderloin steaks, offering creamed sweetbreads to his lapdog. Bibulous, he made his body servant drink three bottles of champagne in quick succession and cackled: "You are drinking for my pleasure, not yours.'' He made the same servant drink a mixture of Worcestershire sauce, pepper, sherry, port & brandy; made him crawl on the floor like a dog, bark, eat out of a saucer.