José Balta Politician

José Balta y Montero (Lima, April 25, 1814 – Lima, July 26, 1872) was a Peruvian soldier and politician who was president of Peru from 1868 to 1872. He was the son of John Balta Bru and Agustina Montero Casafranca.In 1865 he aided Mariano Ignacio Prado in the seizure of the presidency and served in his administration. In 1867, he in turn overthrew Prado. As president, he re-established constitutional rule and undertook vast projects for national improvement. He granted a monopoly of guano export to a French company and obtained large loans in Europe, yet the lavish expenditures of his administration plunged Peru deep in debt. Balta was deposed and shot by a disgruntled member of his own cabinet, Defense Minister Tomás Gutiérrez during his subsequent coup d'état attempt.