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.