Servando Bayo
Encyclopedia
Servando Bayo was an Argentine
politician who served as the National Autonomist Party
governor of the province
of Santa Fe
from 04/07/1874 to 04/07/1878.
A native of Rosario
, Bayo attended a military training institution and took part in the Battle of Cepeda
with the rank of captain. As a politician, he was Rosario's Political Chief (comparable to a non-elected mayor), a senator, and governor of the province (with Juan Manuel Zavalla as his vice-governor).
Bayo is regarded as a dynamic ruler who supported progressive measures. During his governorship, he sponsored the creation of the Santa Fe Provincial Bank
, with the goal of increasing access to credit for the business and productive sector, while breaking the financial monopoly
of the Bank of London, which the governor also deprived of the authorization to emit currency. The Bank of London retaliated against the newly created Provincial Bank by inducing bank run
s in order to weaken it. In response, governor Bayo ordered the liquidation of the Rosario branch of the Bank of London as harmful to the interests of the province, and arrested its manager. Following orders of the British consul in Buenos Aires
, a British ship was dispatched from Montevideo
up the Paraná River
to threaten the use of force against this harm to the kingdom's commercial interests. The conflict was solved in September 1876, after six months, with the mediation of the Argentine chancellor Bernardo de Irigoyen
. In the ultimate outcome, the Bank of London accepted the conditions imposed by Santa Fe's government.
http://www.nacionalypopular.com/index.php?option=com_content&task=view&id=607&Itemid=65
http://www.elortiba.org/foro/viewtopic.php?p=4790&sid=f233e2a67ec76b6c2cd1b9f71d3c22de
Governor Bayo also created the office of the General Inspector of Schools, which was the basis for today's provincial Ministry of Education, and passed a law that made elementary education compulsory for all children.
Bayo served in the Argentine Senate
from 1881 until his death in 1884, replacing Manuel Pizarro as senator for Santa Fe.
A biography of Servando Bayo, Santa Fe. Una Época. Un Gobernador. Servando Bayo, was published in 2006 by Jorge Campana. http://santafeciudad.com/oop/modules/news/article.php?storyid=7511
Argentina
Argentina , officially the Argentine Republic , is the second largest country in South America by land area, after Brazil. It is constituted as a federation of 23 provinces and an autonomous city, Buenos Aires...
politician who served as the National Autonomist Party
National Autonomist Party
The National Autonomist Party was an Argentine political party during the 1874-1916 period. Created on March 15, 1874 by the union of the Autonomist Party of Adolfo Alsina and the National Party of Nicolás Avellaneda...
governor of the province
Provinces of Argentina
Argentina is subdivided into twenty-three provinces and one autonomous city...
of Santa Fe
Santa Fe Province
The Invincible Province of Santa Fe, in Spanish Provincia Invencible de Santa Fe , is a province of Argentina, located in the center-east of the country. Neighboring provinces are from the north clockwise Chaco , Corrientes, Entre Ríos, Buenos Aires, Córdoba, and Santiago del Estero...
from 04/07/1874 to 04/07/1878.
A native of Rosario
Rosario
Rosario is the largest city in the province of Santa Fe, Argentina. It is located northwest of Buenos Aires, on the western shore of the Paraná River and has 1,159,004 residents as of the ....
, Bayo attended a military training institution and took part in the Battle of Cepeda
Battle of Cepeda (1859)
The Battle of Cepeda of 1859 took place on October 23 at Cañada de Cepeda, Santa Fe, Argentina. The Republic of the Argentine Confederation army, led by Federal Justo José de Urquiza defeated the Province of Buenos Aires forces, led by Unitarian Bartolomé Mitre.-The battle in context:Before the...
with the rank of captain. As a politician, he was Rosario's Political Chief (comparable to a non-elected mayor), a senator, and governor of the province (with Juan Manuel Zavalla as his vice-governor).
Bayo is regarded as a dynamic ruler who supported progressive measures. During his governorship, he sponsored the creation of the Santa Fe Provincial Bank
New Bank of Santa Fe
The New Bank of Santa Fe is a bank in Santa Fe Province, Argentina.Originally named Provincial Bank of Santa Fe, it was established as a mixed state/private bank on 5 June 1874, based on an initiative of governor Servando Bayo, justified in the need to provide credit for the blossoming productive...
, with the goal of increasing access to credit for the business and productive sector, while breaking the financial monopoly
Monopoly
A monopoly exists when a specific person or enterprise is the only supplier of a particular commodity...
of the Bank of London, which the governor also deprived of the authorization to emit currency. The Bank of London retaliated against the newly created Provincial Bank by inducing bank run
Bank run
A bank run occurs when a large number of bank customers withdraw their deposits because they believe the bank is, or might become, insolvent...
s in order to weaken it. In response, governor Bayo ordered the liquidation of the Rosario branch of the Bank of London as harmful to the interests of the province, and arrested its manager. Following orders of the British consul in Buenos Aires
Buenos Aires
Buenos Aires is the capital and largest city of Argentina, and the second-largest metropolitan area in South America, after São Paulo. It is located on the western shore of the estuary of the Río de la Plata, on the southeastern coast of the South American continent...
, a British ship was dispatched from Montevideo
Montevideo
Montevideo is the largest city, the capital, and the chief port of Uruguay. The settlement was established in 1726 by Bruno Mauricio de Zabala, as a strategic move amidst a Spanish-Portuguese dispute over the platine region, and as a counter to the Portuguese colony at Colonia del Sacramento...
up the Paraná River
Paraná River
The Paraná River is a river in south Central South America, running through Brazil, Paraguay and Argentina for some . It is second in length only to the Amazon River among South American rivers. The name Paraná is an abbreviation of the phrase "para rehe onáva", which comes from the Tupi language...
to threaten the use of force against this harm to the kingdom's commercial interests. The conflict was solved in September 1876, after six months, with the mediation of the Argentine chancellor Bernardo de Irigoyen
Bernardo de Irigoyen
Bernardo de Irigoyen was an Argentine lawyer, diplomat and politician.-Biography:Born in Buenos Aires, Irigoyen enrolled at the University of Buenos Aires and earned a juris doctor in 1843...
. In the ultimate outcome, the Bank of London accepted the conditions imposed by Santa Fe's government.
http://www.nacionalypopular.com/index.php?option=com_content&task=view&id=607&Itemid=65
http://www.elortiba.org/foro/viewtopic.php?p=4790&sid=f233e2a67ec76b6c2cd1b9f71d3c22de
Governor Bayo also created the office of the General Inspector of Schools, which was the basis for today's provincial Ministry of Education, and passed a law that made elementary education compulsory for all children.
Bayo served in the Argentine Senate
Argentine Senate
The Argentine Senate is the upper house of the Argentine National Congress. It has 72 senators: three for each province and three for the Autonomous City of Buenos Aires...
from 1881 until his death in 1884, replacing Manuel Pizarro as senator for Santa Fe.
A biography of Servando Bayo, Santa Fe. Una Época. Un Gobernador. Servando Bayo, was published in 2006 by Jorge Campana. http://santafeciudad.com/oop/modules/news/article.php?storyid=7511