Bishop Cheshire gradually placed more responsibility on Bishop Penick as he became better acquainted with the work of the Diocese. A characteristic act of Bishop Cheshire's, and one which claimed the admiration of his people, was the turning over of the work at Chapel Hill to Bishop Penick's supervision. The Chapel of the Cross at Chapel Hill had been the Bishop's first parish and he had always retained for it a deep affection. Therefore, it was a personal sacrifice for him to relinquish it to another. He felt that, due to the peculiar nature of the work at Chapel Hill, it should be under the guidance of a younger man. As Bishop Cheshire grew older he began to plan how best he could provide for his wife and daughter when they would no longer be able to live at Ravenscroft, the Bishop's house. He decided to build a small apartment house in Raleigh, which would produce an income as well as provide a home for them. When the house was completed he advertised the apartments for rent only to families with children. He thought the frequent practice of denying apartments to persons with children was most unfair and, therefore, determined to make his house an exception. This was typical of the Bishop, who loved children and large families. In building his apartment house Bishop Cheshire had to borrow a part of the cost of its construction. Speaking of this to Bishop Penick, he remarked he hoped to live four years longer since by that time his loan would be retired. Recalling this observation Bishop Penick decided to raise a sum of money from among the people of the Diocese to relieve the Bishop of this care. The money was raised by the time the diocesan convention met in the spring of 1924 at Winston-Salem. It was a fitting time and place for the presentation of the gift, since it was at Winston-Salem thirty years before that Bishop Cheshire presided over his first convention. The gift, which amounted to $4,273, was presented to the Bishop from the people of the Diocese by Dr. Richard H. Lewis, who said in part: "My dear Bishop: By your strong and vigorous intellect, your wide and accurate learning, your public spirit, your unspotted character, and a personality of unaffected friendship, you have come to be—in the words of another—'one of the best known and best loved men in our State.'" Referring to this generous expression of affection, Bishop Cheshire remarked that he could never "cease to feel grateful to him whose generosity conceived the idea, and to the many kind friends who responded to his suggestion, and transmuted his thoughts into act."