Jorge Montt

Jorge Montt Álvarez (Latin American Spanish: [ˈxoɾxe ˈmont]; April 26, 1845 – October 8, 1922) was a vice admiral in the Chilean Navy and president of Chile from 1891 to 1896.

Admiral Jorge Montt had been the head of this revolutionary committee, and he acted as president of the provisional government when the administration of the country changed hands after the victory of the Congressional party.

An election was held, and Admiral Montt was duly chosen by a nearly unanimous vote to be chief magistrate for the remaining time of the constitutional term of five years, till September 18, 1896.

President Montt then took in hand the question of a reform of the currency, the abolition of nonconvertible paper money, and the re-establishment of a gold monetary standard for the republic.

Great opposition was raised by the representatives of the debtor class in congress to the suppression of the nonconvertible paper money, but in the end President Montt carried the day, and on February 11, 1895 a measure finally became law establishing a gold currency as the only tender in Chile.

President Montt had now fulfilled his term of office, and on September 18, 1896 he handed over the presidential power to his successor, Federico Errázuriz Echaurren, who had been duly elected in the month of June previously.

Rear-Admiral Jorge Montt