The president is elected for a term of five years by electors who are chosen by direct vote. He is ineligible to election for two consecutive terms. The salary of the chief executive is 60,000 pesos, equal to about $20,000 in U. S. currency. He is assisted by a Council of State consisting of 11 members, six of whom are appointed by Congress and five by the president; and also by six cabinet ministers who are named by the executive, but are responsible to the Congress. The constitution having become an established law, Chile made rapid progress along the road of national life, leading to order, authority and prosperity. But it was not until Manuel Montt, who was president from 1851 to 1861, had put down two revolutions that order and executive authority were firmly established, and the force of organized national defense demonstrated. In 1861 Montt was succeeded as president by Jose Joaquin Perez, who continued as chief executive for ten years. The condition of law and order that was established and maintained by the government previous to his election continued throughout his two administrations, and national authority was extended and enlarged until liberty of action and speech was insured to every citizen of the Republic. By his political moderation and conciliation, President Perez established a feeling of internal peace and security that had not been previously felt in the country. Unfortunately Chile was soon to be disturbed again by a war-cloud upon the peaceful horizon. Having secured their own freedom, and established an independent government, the patriotic people were not content to remain indifferent to the arbitrary actions of Spain in taking forceful possession of the Chincha Islands in 1865. By force of public opinion and popular sentiment, President Perez was compelled to make an alliance with Peru, Bolivia and Ecuador, to defend the interests of South American Republics against the domination of Spain. Spain sent a fleet to blockade the ports of Chile, which was not a difficult undertaking, as the Chilean navy then consisted of one gunboat, the _Esmeralda_. On November 26, the _Esmeralda_, under command of Captain William Rebolledo, made a brilliant coup by attacking and capturing the Spanish corvette, _Covadonga_, which daring deed was accomplished within view of the Spanish squadron blockading the harbor of Valparaiso. The admiral commanding the fleet was so humiliated by the fact that one of his ships had been taken by the Chileans that he committed suicide on board his flagship, a few hours afterwards. To avenge the loss, and apparently as an act of spite inspired by the humiliating incident of the _Covadonga_, Spain sent a more powerful fleet to Valparaiso, and on March 31, 1866, bombarded the city, causing considerable loss of life, and destruction of property to the value of fifteen million dollars.