R. Austin Hume

Hume R. Austin Hume, age 95, passed away July 6, 2003. Preceded in death by wives, Florence in 1960 and Marjorie in 1997. Survived by children, Robert, Richard (Sandra), Ronald, Marcia (Richard) Heunisch and Leslie (Charles) Gorman; 11 grandchildren; 8 great- grandchildren. Austin graduated from Nicholas Senn High School in Chicago in 1926, and attended Northwestern and Columbia Universities. He was a Cadet Major in the ROTC and was named Soldier of the Year in 1926. In 1925, he began a 29-year career as a bond trader, analyst, and corporate finance specialist in the railroad industry at Halsey, Stuart & Company in Chicago. In 1954, Austin and his family moved to Minneapolis, where he accepted a job offer as senior railroad analyst at IDS. Austin managed both the IDS Mutual Fund and Selective Fund. He retired in 1973, but was retained as Vice President and Portfolio Manager with IDS Advisory until 1977. Austin was the first investment professional in Minnesota to earn the coveted Chartered Financial Analyst designation and served on many committees at both the local and national level including serving on its board of trustees. Shortly after his retirement, Austin moved to California with his loving wife, Marjorie, to spend the next 17 years in Laguna Niguel playing golf and traveling all over the world. He was active in the Boy Scouts of America from 1921 until 1960. In addition to achieving the Eagle Scout Award in 1935, he was a Cub Master, Scout Master, and District Commissioner in both the Chicago and Minneapolis areas. At age 88, he learned how to use the computer. He loved creating spreadsheets, designing greeting cards, sending e-mails, and exploring the internet. Austin was the consummate gentleman, an endless source of jokes and good humor. Above all, he was a loving husband and father who will be deeply missed by his family and friends. His family wants to express their thanks to the staff at St. Therese Southwest, where Austin lived the last seven years, and to Sholom Home West, where he was at the time of his passing. Memorials are preferred to the Boy Scouts of America, Viking Council, 5300 Glenwood Ave., Mpls, MN 55422. Graveside service Tues., July 15, 11 AM at Lakewood Cemetery, 3600 Hennepin Ave S., Mpls. Cremation Society of MN Mpls 612-825-2435

Published on July 8, 2003