Under his successor a national bank was created; and when Diaz was again elected he readjusted the existing foreign debt and boldly contracted new debts abroad.
At the close of his first term, in 1880, a surplus in the treasury was not so great a novelty as the circumstance altogether unique in the political annals of Mexico-that Diaz turned over the presidency in peaceful fashion to his properly elected successor! He did so reluctantly, to be sure, but he could not afford just yet to ignore his own avowed principle, which had been made a part of the constitution shortly after his accession.

Although the confidence he reposed in that successor was not entirely justified, the immense personal popularity of Diaz saved the prestige of the new chief magistrate.

Under his administration the constitution was amended in such a way as to deprive the Chief Justice of the privilege of replacing the President in case of a vacancy, thus eliminating that official from politics.

After his resumption of office, Diaz had the fundamental law modified anew, so as to permit the reelection of a President for one term only! For this change, inconsistent though it may seem, Diaz was not alone responsible.
Circumstances had changed, and the constitution had to change with them.
Had the "United Provinces of Central America," as they came forth from under the rule of Spain, seen fit to abstain from following in the unsteady footsteps of Mexico up to the time of the accession of Diaz to power, had they done nothing more than develop their natural wealth and utilize their admirable geographical situation, they might have become prosperous and kept their corporate name.

As it was, their history for upwards of forty years had little to record other than a momentary cohesion and a subsequent lapse into five quarrelsome little republics--the "Balkan States" of America.