William Penn and Horatio Alger had little in common. Penn was raised in a prominent family. His father, Admiral Sir William Penn, was a wealthy man who lent large sums of money to the Royal Navy, had several large estates in England and Ireland, and maintained a very close relationship with King Charles II and the Duke of York. Penn was born in 1644 in London. He attended several grammar schools before entering Oxford (Christ's Church College) in 1661. At Oxford, he was influenced by Thomas Loe, a member of the Society of Friends, derisively referred to as Quakers, a movement guided by individual conscience but mistrusted by Catholics and Anglicans alike.