Amos Lawrence - Biography

Biography

He was the son of Samuel Lawrence, a Revolutionary War officer, and one of the founders of Groton Academy (now Lawrence Academy at Groton), where Amos was educated. Samuel was in turn descended from John Lawrence of Wissett in Suffolk, England, who was one of the first settlers of Groton.

In 1799, Amos Lawrence became a clerk at a country store in Dunstable, Massachusetts and a few months afterward was promoted to a variety store in Groton run by a Mr. Brazer. After the completion of his apprenticeship, in April 1807, Amos went to Boston with $20 of his savings. His employers there failed. Amos was appointed by the creditors to settle the firm's accounts, and after doing that to their satisfaction he rented a shop on Cornhill and founded a dry-goods establishment on his own account in December. In 1808, his brother Abbott entered his employ as chief clerk, and in 1814 became a partner in the firm, now called A. & A. Lawrence and later A. & A. Lawrence and Co. The firm continued until Amos's death, and became the greatest wholesale mercantile house in the United States. It was successful even in the hard times of 1812-1815, and afterwards engaged particularly in selling woolen and cotton goods on commission.

The firm did much for the establishment of the cotton textile industry in New England. In 1830, it came to the aid of financially distressed mills of Lowell, Massachusetts. In that year, the Suffolk, Tremont and Lawrence companies were established in Lowell, and Luther Lawrence, the eldest brother, represented the firm's interests there. In 1845-1847, the firm established and built up Lawrence, Massachusetts, named in honour of Abbott Lawrence, who was a director of the Essex Company, which controlled the water power of Lawrence, and afterwards was president of the Atlantic Cotton Mills and Pacific Mills there.

In 1831 when his health failed, Amos Lawrence retired from active involvement in the firm, where thereafter Abbott Lawrence was the head. The later years of Amos's life were spent mostly in furthering various philanthropic enterprises. According to his records, from 1829 until his death, Amos Lawrence gave over $639,000 (in 1840s dollars) to charitable causes. In 1842, he decided not to allow his property to increase any further, and in the last eleven years of his life he spent in charity at least $525,000. To Williams College, he gave nearly $40,000; to Groton Academy, which later changed its name to Lawrence Academy to honor both Amos and his brother, William Lawrence, he gave over $20,000; to Wabash College, Kenyon College, and the theological seminary at Bangor, Maine, he also gave sizable sums.

His private donations were innumerable — so great that several rooms in his house were used as offices to coordinate them. Among other things, Amos Lawrence donated libraries to academic institutions, established a children's hospital in Boston, and gave $10,000 for the completion of the Bunker Hill Monument (Lawrence's father had fought at the Battle of Bunker Hill). He gave to many good causes on a smaller scale, taking especial delight in occasionally giving books from a bundle in his sleigh or carriage as he drove.

At his death, his fortune was estimated at $8,100,000, making him one of the richest men in the United States.