Peter CooperRaymond, Rossiter W. (Rossiter Worthington)
History
Peter Cooper
Raymond, Rossiter W. (Rossiter Worthington)
Cooper, Peter, 1791-1883
"If we required a stronger stimulus to urge us to perform our duty, we
have only to turn our thoughts back to that fearful day when the armies
of rebellion had entered Pennsylvania with the intent to subjugate the
North to their domination. Had they been successful, they would have
gloried in making us pay for the loss of their slaves and the expenses
of their war. I trust that the government will not hesitate to tax my
property and the property of every other man enough to provide for the
comfort of our disabled soldiers and the families dependent on them for
support."
In the financial controversies which accompanied and followed the period
of "reconstruction" after the war, and were involved in the payment and
adjustment of the national debt, Mr. Cooper appeared as an advocate of
the "Greenback" party, and did not seem to realize that this was a
complete reversal of his earlier position as a "hard-money" Democrat. I
think the clue to this change may be found in his recollection of the
war waged by Andrew Jackson on the United States Bank, and a vague
feeling that the national banking system instituted by Secretary Chase
was open to similar objections. To this may be added his growing
inclination in favor of "paternal government,"--which in a man so
thoroughly self-supporting and self-reliant can be explained only by the
fact that his personal philanthropy overbalanced his political
philosophy; that he became more anxious to relieve the distress he saw
than to question the wisdom of measures taken for that purpose. Two
things are certain: first, that Mr. Cooper's motives in his later
political course were thoroughly pure and unselfish; and secondly, that
his utterances and publications in this connection show him to be
dealing with subjects which he did not understand. This statement is
made without regard to the merits of the controversy, or the strength of
the arguments contributed to it by others. The simple truth is that Mr.
Cooper was too old to make original investigation of such questions,
intelligently weighing all the modern conditions of industry and
commerce, in which he was no longer an active participant. He accepted
in 1876 the nomination of the Greenback party for the presidency; but
the issue was already practically dead, and he received but 81,740 votes
out of a total of 8,412,833 cast. Undaunted by this defeat, he continued
to utter his views. Those who wish to study them in detail may consult
the volume "Ideas for a Science of Good Government in Addresses,
Letters, and Articles on a Strictly National Currency, Tariff, and Civil
Service," which he issued at the age of ninety-two, in the last year of
his life. His own summary of his position, given on page 212 of this
book, shows that he desired a national legal-tender paper currency,
irredeemable in coin, but "interconvertible" with government bonds, and
regulated by law as to volume per capita; a "discriminating" protective
Public-domain text, read in full here on John Shaqi.
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