the revolution in 1921/22 and cleansing of public finances. On 3 February 1924, the Convention appointed him as Liberal candidate for the presidency of the Republic and to accompany him as vice president, he appointed Manuel Burgos, that would be the pair for elections that year. On March 17, 1924, Ayala resigned from the provisional chairmanship noting: "I am grateful to V. Honorably the confidence to play a position of such serious responsibilities. I declare before V. Honorably that I have done so as not to defraud, in the midst of many and powerful contrarieties. “As a new Congress president he appointed doctor Luis. A. Riart. Eligio Ayala was a candidate in presidential elections, and as he did not have any opposition in the election, he assumed presidency of Republic of Paraguay, on August 15, 1924. During his second government, the country experienced the best increase of work, production, export and a substantial improvement in the economic and financial situation in the history of the country. They approved an agreement with the bondholders of loans from 1871–72,the autonomy to the National University was given; the Faculty of Physics and Mathematics was created; treaties were signed Diaz-Leon Gutierrez, with Bolivia, and Ibarra-Mangabeira, with Brazil, supplementary to the treaty of 1872. The archdiocese of the Asuncion was created. They settled in Sajonia the Dockyards War and Navy; created the School of Aspiring Reserve Officers; created a School of Agriculture, and before the impending conflict in Chaco the gunboats "Humaitá" and "Paraguay" were acquired, armaments, etc.. When assuming his successor, José P. Guggiari, From 1928 to 1930, Eligio Ayala resumed as Minister of Finance of Paraguay. He was also author of some 14 books on various topics. Works during his government He adopted a Law on Establishment, Development and Conservation of small agricultural property. He enacted a law on Accidents at work, in addition to other related to Pensions and Retirement. Between 1924 and 1926 a considerable number of machines as plows, tractors, cultivators, seeders, etc. were brought. The financial representative in London signed an agreement with bondholders on borrowings made by Paraguay from 1871. Political Biography He served aa the first judge in the Civil administration of justice. Previously he had served as prosecutor of crime and in 1907, began his political career to run for deputy, and was elected the following year. He became member of the parliament from the Liberal