Henry Cavendish of his ancestors, in the church that is now Derby Cathedral. The road he used to live on in Derby has been named after him. The University of Cambridge's Cavendish Laboratory was endowed by one of Cavendish's later relatives, William Cavendish, 7th Duke of Devonshire (Chancellor of the University from 1861 to 1891). Cavendish inherited two fortunes that were so large that Jean Baptiste Biot called him "the richest of all the savants and the most knowledgeable of the rich." At his death, he was the largest depositor in the Bank of England. Cavendish was a shy man who was
Cavendish Professor of Physics would cost £6,300. The then chancellor of the university, William Cavendish met that cost privately 18 months later, and named the department in honor of his relative, the 18th century natural philosopher Henry Cavendish. The first Cavendish Professor was the then relatively obscure James Clerk Maxwell, who had yet to complete the work that would make him the most renowned physicist of the nineteenth century. His appointment was announced on 8 March 1871, and despite initial disappointment at his being offered the place, his inaugural lecture was looked forward to by his likely students as well as his future colleagues.