Peters served as Premier until resigning in 1897 to move to British Columbia though he retained his seat in the legislature until 1899 despite no longer residing in the province.

In 1892, Premier Peters and his Cabinet (Executive Council) explained key articles of the "Amalgamation Bill," including the provision that thirty MLAs would comprise the new "Legislative Assembly," for Canadian Minister of Justice Sir John Sparrow David Thompson.

Fifteen MLAs would be "elected by voters eligible to vote for the present legislative council, and the other half by voters eligible to vote for our present house of assembly...The bill leaves the districts as before with the exception that it was necessary to enlarge the bounds of Georgetown district in King's county.

The "Amalgamation Bill" abolished the Legislative Council, but added two representatives to the total number of MLAs voted into the legislature by "voters who possess a certain real property qualification."

The bill further reduced thirty delegates elected to the legislature by a limited qualification that "almost amounts to manhood suffrage" to fifteen MLAs.

His associate counsel was Sir Charles Hibbert Tupper, who as Minister of Fisheries was involved in the earlier Bering Sea Arbitration between Great Britain and the United States.

Peters' legal and political experience were important as he helped the community make the transition from a frontier company town to port city.

Another son, Frederick Thornton Peters, died in November 1942 five days after action in the Allied invasion of Oran for which he received the Victoria Cross and the U.S.

His cousin Lt. Col. James Peters also had a distinguished military career and was District Officer Commanding in BC, based at Esquimalt, British Columbia.