From Reason magazine:
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Moorfield Storey |
A fierce critic of imperialism and militarism, [Moorfield] Storey was a founder and president of the Anti-Imperialist League, which opposed U.S. annexation of the Philippines after the Spanish-American War and counted Mark Twain, Andrew Carnegie, and President Grover Cleveland among its members. An advocate of free trade, freedom of contract, and the gold standard, Storey also helped organize the independent National Democratic Party, also known as the Gold Democrats, who fought the anti-gold populist William Jennings Bryan’s presidential bid in 1896. An individualist and anti-racist, Storey was the first president of the National Association for the Advancement of Colored People (NAACP), where he argued and won the group’s first major Supreme Court victory, Buchanan v. Warley (1917), a decision that relied on property rights to strike down a residential segregation law.
Born in Roxbury, Massachusetts, in 1845, Moorfield Storey was a successful lawyer whose politics tended toward “good government” reform until the mid-1890s. Then came the presidential election of 1896, when the Democrats selected the agrarian insurgent William Jennings Bryan as their candidate. Bryan’s chief cause was “Free Silver,” a call for the government to coin unlimited amounts of silver at an artificially inflated rate. As the historians David and Linda Beito have noted, “the result would have been a pell-mell rush of silver holders to exchange their metal for dollars, and hence rapid dollar inflation and a corresponding depreciation of the currency.” Bryan expected and welcomed this result, believing it would put cheap dollars in the hands of debt-ridden farmers, leaving the banks and other hated creditors to absorb the losses.