The Peruvian troops defeated, Pierola did not resign power, and divided the country. Ten years later, in the full maturity of his intellectual powers, he was elected President (1895-99); from which period we may date the Peruvian renaissance. Without raising loans he transformed an exhausted country into a stable republic. Like all the great American _caudillos_, he was an excellent administrator of the fiscal wealth of the country; he established a gold standard as the basis of the new monetary system, promulgated a military code and an electoral law, and by means of a French mission endeavoured to change an army which was the docile servant of ambitious factions into a force capable of preserving domestic peace. His organising talent, his patriotism, and his extraordinary ability, surprised those who had known only the revolutionary leader. [Illustration: DON NICOLAS DE PIEROLA. President of Peru (1895-1899). To face p. 120.] He founded a democratic party, as did Pardo a party inimical to militarism. But in spite of the denomination of this party it has lent its aid to the military leaders, and no law in favour of the workers has emanated from the democrats. Pierola, who called himself "the protector of the native race," {121} established a tax upon salt, which was a great hardship to that poverty-stricken race. [Illustration: DON FRANCISCO GARCIA CALDERON. President of Peru (1881-1884). To face p. 121.] The leader of the democrats is himself an aristocrat; not only by origin, by the somewhat old-fashioned elegance of his style, and by his patrician tastes; he has always preferred to surround himself with men of the old noble families: the Orbegosos, Gonzalez, Osmas, Ortiz de Zevallos, &c. This contrast between his tastes and tendencies and the party which he founded does not detract from the great popularity which the old ex-president enjoys in Peru; he is popular by reason of qualities which are wholly personal, like those of Manuel Pardo, and his supporters become fanatics. His mannered phrases, his heroism and his audacity, have a religious significance in the eyes of his believers; like Facundo in the epic of Sarmiento, he is the nomadic khalif who brings to a democracy in the throes of anarchy the promise of a divine message. {122} CHAPTER III BOLIVIA: SANTA-CRUZ Santa-Cruz and the Confederation of Peru and Bolivia--The tyrants, Belzu, Molgarejo--The last _caudillos_: Pando, Montes. Bolivia sprang, armed and full-grown, as in the classic myth, from the brain of Bolivar. The Liberator gave her a name, a Constitution, and a President. In 1825 he created by decree an autonomous republic in the colonial territory of the district of Charcas, and became its Protector. Sucre, the hero of Ayacucho, succeeded him in 1826. During the wars of Independence this noble friend of Bolivar resigned from power, disillusioned; he was the Patroclus of the American Iliad.