Price was born to William Pierce Price, Sr., and Sarah Denton Price in Dahlonega, Georgia. Price attended the common schools and was apprenticed to the printer's trade. In 1851, he moved to Greenville, South Carolina, around the age of 16. Eventually he attended Furman University, Greenville, South Carolina, but left before graduating to take charge of the editorial department of the Southern Enterprise, a Greenville newspaper. While in school he had studied law. He was admitted to the bar in 1856 and commenced practice in Greenville, South Carolina around the age of 20.
After serving in politics he resumed the practice of law. He was instrumental in the establishment of what was then North Georgia Agricultural College, now called the University of North Georgia, of which he served as president of the board of trustees from 1870 until his death in 1908. He died on November 4, 1908 in Dahlonega and is interred in Mt. Hope Cemetery. The iconic Price Memorial Hall with its gold tipped spear is named in his honor. charter member of Sigma Alpha Epsilon, Georgia Delta chapter, North Georgia Agricultural College, Dahlonega, GA Sept. 29th 1879. In 1879, a fire destroyed the Dahlonega Gold Mint, which was being used by the North Georgia Agricultural College at the time. Shortly thereafter, Price Memorial Hall was built in its place. Today Price Memorial Hall is the oldest surviving structure to be found on the UNG campus.
Family
Price married Martha A. Matilda Martin, daughter of William Martin, a Confederate soldier. He had ten children. Four died in infancy. The oldest surviving child, Caroline Price, was a concert musician before marriage to Walter S. Wilson and children ended her career. The next, Isabella Sterling Price, was considered an excellent actress but as that career was "out of bounds for young girls" at that time, she married William Arthur Charters. Beveline Arcadia Price married David Sloan Craig. The marriage broke up and she returned to Dahlonega, Georgia, to look after her parents. Sarah Wansley Price enjoyed art, but gave this up for marriage to John Calhoun West. She also taught domestic science at North Georgia College. William Prescott Price was a businessman. Frederick Singleton Lucas Price served in the military from 1898 until his death. He served in the Philippines, China, and the Mexican Expedition. He was promoted to colonel in 1921 and was on the General Staff Corps Eligible List at his death.