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Died. Edward Francis Hutton, 86, who started work as a $5-a-week grease monkey, went on to make millions on the stock market, founded the Wall Street firm that bears his name; after a long illness; in Old Westbury. N.Y. An imperiously handsome man, father of Actress Dina Merrill. Hutton retired from his brokerage firm to start a new career shortly after he married Marjorie Merriweather Post, sole heir to the Postum Cereal fortune; taking over the reins of the faltering Postum Cereal Co., he merged it and 14 other grocery companies into General Foods, now a giant in its field. An unyielding believer in free enterprise, his relations with U.S. Presidents, notably Franklin D. Roosevelt, were marked by angry clashes; he believed that the Government was growing too big, too paternalistic, in 1935 called on the nation's businessmen to "gang up" on F.D.R.. once took a full-page newspaper ad to declare: 'This country was sired, conceived and 'birthed' as a Republic—not as a Democracy."
Died. Owen D. Young. 87, a gentle-mannered lawyer who worked his way through college and law school to become board chairman of two of U.S. industry's giants. Radio Corp. of America, which he helped put together in 1919 at the request of President Wilson to keep the budding U.S. communications industry from strangling in a web of patent litigation, and General Electric Co.. which he served for 19 years; after a long illness; in St. Augustine, Fla. Unlike his contemporary, Ned Hutton, Young's conciliatory personality often brought him into Government service; he served five U.S. Presidents as a troubleshooter and adviser, was tapped by Calvin Coolidge in 1924 to help Charles G. Dawes work out an Allied powers plan to check German inflation; five years later he returned to international finance, drawing up the Young Plan designed to reduce the reparations a bankrupt Germany was to pay the victorious Allies. Remaining true to his life-long philosophy that there should be no "elder statesmen," he retired at 65 to the tiny farming village of Van Hornesville in upper New York State, where he was born.
Died. Archduke Joseph Habsburg-Lothringen, 89, royal prince of Hungary and last surviving field marshal of the Austro-Hungarian army, who at the end of World War 1 was instrumental in driving Communist Bela Kun from Budapest, ruled the country until Admiral Horthy came to power in 1920; of a heart attack while deer hunting; near Regensburg. Bavaria.