The "eleccionistas" responded positively to the government's calls for a political ceasefire. Natalicio was one of the main and most dynamic leader of the "eleccionistas". Finally, by 1927, the new electoral law passed and was applied for the first time in the legislative elections held in the beginning of that year. The "eleccionista" Colorado Party won some seats in the Chamber of Deputies and the Senate, forming a minority bloc. The Colorado senators were mostly former ministers and intellectual leaders during past Colorado governments, while the Deputies included new younger figures, mostly teachers and journalists, who were developing new political idea. Natalicio was the leader of this group, and acted as minority leader during his tenure as Deputy. However, by 1929, Natalicio was not satisfied with the way Paraguayan politics were going. He did not expect the Colorados to get anything at all from participating in electoral politics and the legislature while the Liberals were in power. In 1929 Natalicio asked the Chamber of Deputies for permission to leave his post and travel to Europe with his wife. Natalicio was elected President on 14 February 1948; he was nominated by the Colorados, and was the only candidate. Incumbent President Higinio Morínigo, who had been a "de facto" dictator, threatened a "coup d´état" to retain power. and was himself deposed by a "coup" on 3 June. Juan Manuel Frutos became interim president until Natalicio took office on 15 August. One of the most important acts of his administration was the nationalization of the American Light and Traction Company (CALT), which later became the Ande. One of his famous phrases was: "There will be no red poor"; this led him to give important and politically powerful positions to representatives of all sections of the Colorado Party. From the start of his term, there were rumors that he would not finish his term of office. On 26 October 1948 dissident Colorados attempted a "coup d'état" against him. The rebellion was blocked by loyalist forces, but Natalicio could not hold out for long. On 29 January 1949 another "coup" broke out, initiated by Felipe Molas López, Federico Chaves, and defense minister General Raimundo Rolón, who controlled the military forces. Natalicio resigned in the early morning of 30 January, and General Rolón took power. Natalicio González was again driven into exile.