Heat oven to 375 degrees. Cream softened butter and sugar until mixed and light. Stir together flour, baking powder, and salt. Add flour mixture to creamed mixture alternately with milk. Beat smooth.
Pour into a greased 9x5” loaf pan or greased 1 ½ quart casserole dish. Drain peaches, reserving 1 cup of the juice. Arrange drained peaches on top of the batter; sprinkle with ¼ cup sugar. Pour juice over all.
Bake 45-50 minutes or until the batter rises to the top and is golden brown.
Notes
To prevent spillovers from messing your oven, place pan or casserole on the top shelf of your oven. Place an empty cookie sheet or a flat piece of aluminum foil on the lower rack to catch drips.