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Horace Greeley Loses to Ulysses S. Grant in 1872. The short-lived Liberal Republican Party was formed to oppose Republican President Ulysses S. Grant’s reelection in 1872. Newspaper editor and anti-slavery advocate Horace Greeley took on Grant as the Liberal Republican Party candidate. The party’s campaign mottoes included “Liberty, Equality and Fraternity, Universal Amnesty and Impartial Suffrage.” Greeley lost in a landslide on November 29, 1872.