Construction began on the glue factory plant in Gowanda, originally owned by Richard Wilhelm and known as the Eastern Tanners Glue Company. This factory contributed to Gowanda's reputation as America's glue capital, although Peter Cooper was not directly involved, his legacy in the glue industry influenced the area.

Peter Cooper died in New York City at the age of 92. His death marked the end of a long and impactful life during which he made significant contributions to industry, education, and politics. He is buried in Green-Wood Cemetery in Brooklyn, New York.