APRIL 4, 1883 – DEATH OF PETER COOPER, US INDUSTRIALIST, PHILANTHROPIST (FOUNDED COOPER UNION) AND GREENBACK CANDIDATE FOR PRESIDENT

1883 – DEATH OF PETER COOPER, US INDUSTRIALIST, PHILANTHROPIST (FOUNDED COOPER UNION) AND GREENBACK CANDIDATE FOR PRESIDENT
“The substitution of greenbacks for National bank notes will make a uniform currency of money. A greenback legal tender is to the full as much real money as a gold legal tender, the only difference being that as many nations make gold a legal tender, there is more demand for it than for paper legal tenders which have the sovereign stamp of only one Government. The substitution of greenbacks for National bank notes would have the bounty now paid to banks which being invested as a sinking fund would in less than thirty years pay off the whole debt of the country.”