William Lawrence (May 30, 1850 – November 6, 1941) was elected as the 7th Bishop of the Episcopal Diocese of Massachusetts (1893–1927). Lawrence was the son of the notable textile industrialist Amos Adams Lawrence and a member of the influential Boston family, founded by his great-grandfather and American revolutionary, Samuel Lawrence. His grandfather was the famed philanthropist Amos Lawrence. Early life Lawrence was born on May 30, 1850 in Boston, Massachusetts. He was the son of Sarah Elizabeth Appleton (1822–1891) and Amos Adams Lawrence (1814–1886), a notable textile industrialist, and a member of the influential Boston family, founded by his great-grandfather and American revolutionary, Samuel Lawrence. His grandfather was the famed philanthropist Amos Lawrence. He graduated from Harvard College, as was the tradition in his family. He earned his Doctor of Divinity (D.D.) degree from Harvard Divinity School in 1897. In 1910, he was honored with a Doctor of Laws (LL.D.) degree from Harvard presented by his cousin and then president of Harvard, A. Lawrence Lowell. Career Lawrence is best known for founding the church pension system. He was also known as "the banker bishop" because of his wealth and successful fund-raising drives. The financier J. P. Morgan, Jr. served as treasurer of the Church Pension Fund from its founding in 1918. While bishop emeritus, Lawrence was involved in an effort to proposition a new Book of Common Prayer to the Church of England. Also, while in retirement, he realized the need for a chapel at Massachusetts General Hospital and in the late 1930s, as the White Building was under construction, convinced of the importance of faith and spirit in healing, he sent letters to friends of the hospital asking for their support "in this bit of pioneer hospital work." Over eight hundred people of all faiths responded. He was elected a member of the American Antiquarian Society in 1899. In 1926, Lawrence published his autobiography, Memories of a Happy Life. Several of his sons, following in his footsteps, also became bishops of the Episcopal Church. Famous quote The "banker bishop" is quoted as having said, "In the long run it is only to the man of morality that wealth comes... We, like the Psalmists, occasionally see the wicked prosper, but only occasionally. Godliness is in league with riches." Legacy Lawrence was married to Julia Cunningham (1853–1927), the daughter of Frederic Cunningham and Sarah Maria (née Parker) Cunningham. Together, they