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Still another explanation might have been Mr. Hutton's divorce last autumn from Marjorie Post Close Hutton, only daughter of General Foods' founder, the late Charles William ("Postum") Post. Mr. Hutton's personal holdings in the corporation were relatively small (62,761 shares) and he drew no salary. Mrs. Hutton owns more than 500,000 shares, each of which pays her $1.80 in dividends annually. Her dapper, stockbroking husband was rich in his own right but many of the Huttons' Sunday-supplemented goods & chattels belonged to Mrs. Hutton. Since her divorce Mrs. Hutton has re-christened...

Author: /time Magazine | Title: Business: Reshuffle | 12/23/1935 | See Source »

...Close now lives in Paris. Old Mr. Post liked his son-in-law so much that he left him a small fortune. Marjorie Post Close's marriage to "Ned" Hutton lasted 15 years. Last week she married for the third time. Her new husband is Joseph Edward ("Joe") Davies, 59, Washington lawyer, oldtime (1915-16) chairman of the Federal Trade Commission, onetime secretary of the Democratic National Committee...

Author: /time Magazine | Title: Business: Reshuffle | 12/23/1935 | See Source »

...before the wedding newshawks found Bridegroom Davies at Manhattan's Hotel Savoy-Plaza, discovered that he had given his fiancee a diamond described as big as a 50-cent piece, reported him "extremely nervous." All arrangements for the ceremony and reception in Mrs. Hutton's huge private-elevator penthouse at No. 2 East 92nd St. were in Mrs. Hutton's capable hands. Few days before Mrs. Hutton managed to squeeze in the fifth anniversary of the founding of the Marjorie Post Hutton Free Food Station from which derives her tabloid title of "Lady Bountiful of Hell...

Author: /time Magazine | Title: Business: Reshuffle | 12/23/1935 | See Source »

...Hutton affairs go, the wedding was modest, though with the small number of guests the wedding cake, nicely matched to the bride's pink gown, came to $7 per slice. Only one private car was needed to carry the Washington delegation, which included Senator James J. Davis, U. S. Treasurer William A. Julian, Joseph Tumulty, George Creel, White House Secretary Stephen T. ("Steve") Early. At the reception they mingled with Bernard Baruch, Banker Sidney J. Weinberg, Publisher Ogden Reid, Mrs. Billie Burke Ziegfeld...

Author: /time Magazine | Title: Business: Reshuffle | 12/23/1935 | See Source »

Newshawks were barred but bulletins, telephoned down to an obliging Hutton hireling, were popped through the grilled entrance. "Now they're walking down the aisle," he yelled. "Now they're being married. . . . It's all over and he kissed her twice, once on each cheek...

Author: /time Magazine | Title: Business: Reshuffle | 12/23/1935 | See Source »

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