the new Supreme Director. On July 8, 1826 Manuel Blanco Encalada was elected President, while he was elected Vice President. They took office on August 14, 1826. Upon the resignation of president Blanco Encalada, he assumed the office of president on September 11, 1826. Administration His short government was marked by the financial difficulties that had caused the resignation of his predecessor. He found the treasury broke, with absolutely no sources of revenue since the complete administrative breakdown of the country prevented the government from collecting any taxes. There was no money to pay administrative personnel, and what was worse for the political situation of the time, the army was unpaid also. Immediately upon his assuming office he had to deal first with some incidents in Chillán, and then with an insurrection in the island of Chiloé that was trying to break away from the control of the central government and return to the protection of Spain. The rebellion was very brutally suppressed, and 20 people were executed. The problems between the president and Congress that had marked the rule of his predecessor, continued. The federal laws started to cause friction between the new provinces, and the famous highwaymen the Pincheira family, started a new campaign. Another problem was the bankruptcy of "Portales, Cea y Cía", the company in charge of the tobacco monopoly (and more importantly of the foreign debt service.) This bankruptcy became a big scandal, since the conservative opposition pointed out that the cause was the lack of legal security in a broken down country, while the government countermanded with the fact that the State would have to resume the payment of the foreign debt, when it was already bankrupt itself. In the midst of this political bickering, colonel Enrique Campino, with the support of the radical federalist group, organized a military coup with the Santiago garrison, dissolving Congress and imprisoning some conservative ministers, chief among them Diego Portales and Manuel José Gandarillas. Finally the government managed to control the situation and imprison colonel Campino, but president Eyzaguirre had had enough. On January 25, 1827, he presented his resignation to Congress, which accepted it, and proceeded to name Ramón Freire as Presidente and Francisco Antonio Pinto as Vice President of Chile. Cabinet Later life After this episode, Eyzaguirre retired from politics, and remained dedicated only to his hacienda until his death. He died in Santiago on July