El Zapote Barracks. He promoted economic growth based on expansion of large coffee plantations, thus benefiting landowners and initiating links between the military and the oligarchy. During his presidency, the creation of the Central Reserve Bank and the Mortgage Bank, the Salvadoran Coffee Company, the Rural Credit Box, the Cotton Cooperative, the General Directorate of Public Works, and the Social Improvement, developed a commendable work within its functions. Roads were built throughout the country such as the Pan-American Highway and the Flor Blanca National Stadium (now the Estadio Jorge "Mágico" González) where the Third Central American and Caribbean Games were held in 1935. Buildings such as the telegraph building, the castle of the former National Guard (current headquarters of the General Directorate of the National Civil Police), and large bridges such as the Cuscatlán Bridge over the Lempa River were built in 1942. On 23 February 1932 the Salvadoran government defaulted on its external debt and stated that it would not pay the loans if the interest was not reduced and the term extended. The net debt, that is to say without interest, was fully paid off in 1938, although the interest was not paid off until 1960. Once the debt had been paid off, Hernández Martínez proposed, reflected on a commemorative plaque placed in the Legislative Assembly, the policy of non-acquisition of international loans in the future. Despite this initiative, he also acquired loans for the construction of the Pan-American Highway. On the other hand, on 12 March 1932, he decreed the Moratorium Law, by which he reduced the interest of debtors facing bankruptcy. In addition, with the objective of stabilizing the value of the colón, he created the Central Reserve Bank of El Salvador in 1934, indemnifying private banks to stop issuing money. As for policies referring directly to the population, his theosophical customs prevailed. For example, when a smallpox plague broke out in San Salvador, he had street lamps in the squares covered with blue paper, hoping that "invisible doctors" would save those who were destined to live. Among other things, he established that anyone who asked for a formal education should be considered a communist. He discouraged workers and employees from getting an education because, in his words, "soon there would be no more people willing to work in cleaning tasks." In July 1932, he established the Social Improvement Fund, and in October, the National Board